FELC vs. SHRT ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to Gotham Short Strategies ETF (SHRT)

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.92

Average Daily Volume

616,286

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.68

Average Daily Volume

2,415

Number of Holdings ^*

219

* may have additional holdings in another (foreign) market

Performance

Period	FELC	SHRT
30 Days	2.55%	-6.11%
60 Days	6.61%	-7.13%
90 Days	7.43%	-7.13%
12 Months		-5.90%

44 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in SHRT	Overlap
ALLE	D	0.33%	0.19%	0.19%
AMAT	F	0.72%	1.5%	0.72%
AXTA	A	0.05%	0.77%	0.05%
BDX	F	0.58%	0.95%	0.58%
BIIB	F	0.1%	0.69%	0.1%
CCL	B	0.25%	0.13%	0.13%
CI	D	0.65%	0.23%	0.23%
CL	F	0.44%	0.6%	0.44%
CRUS	F	0.1%	1.28%	0.1%
CSX	B	0.62%	0.09%	0.09%
DVN	F	0.51%	1.48%	0.51%
ECL	C	0.61%	0.33%	0.33%
EOG	A	0.44%	0.11%	0.11%
EXEL	B	0.53%	0.1%	0.1%
GE	D	0.39%	0.02%	0.02%
GEHC	D	0.04%	0.03%	0.03%
GRMN	A	0.22%	0.48%	0.22%
IDXX	F	0.21%	0.76%	0.21%
IGT	F	0.49%	0.12%	0.12%
KLAC	F	0.65%	0.77%	0.65%
LHX	B	0.09%	0.41%	0.09%
LRCX	F	0.46%	1.72%	0.46%
MEDP	D	0.24%	0.02%	0.02%
MU	D	0.68%	1.5%	0.68%
NBIX	C	0.14%	0.15%	0.14%
NOC	D	0.63%	0.68%	0.63%
NRG	C	0.1%	1.68%	0.1%
NSC	B	0.37%	0.46%	0.37%
OXY	F	0.07%	0.17%	0.07%
PFE	F	0.43%	0.39%	0.39%
QCOM	F	0.81%	0.06%	0.06%
QRVO	F	0.12%	0.89%	0.12%
ROST	D	0.04%	0.13%	0.04%
RSG	B	0.07%	0.01%	0.01%
SCCO	F	0.05%	0.35%	0.05%
SSNC	C	0.48%	0.01%	0.01%
SWKS	F	0.03%	1.19%	0.03%
SYK	A	0.02%	0.17%	0.02%
TMO	F	0.34%	0.98%	0.34%
TT	B	0.51%	0.21%	0.21%
TWLO	B	0.13%	0.22%	0.13%
UNP	D	0.75%	0.42%	0.42%
WDAY	B	0.16%	0.7%	0.16%
ZBRA	B	0.06%	0.33%	0.06%

FELC Overweight 120 Positions Relative to SHRT

Symbol	Grade	Weight
NVDA	A	7.56%
AAPL	C	7.02%
MSFT	C	5.58%
AMZN	A	3.87%
META	B	2.94%
BRK.A	B	2.13%
GOOGL	C	2.05%
GOOG	C	1.91%
AVGO	C	1.85%
JPM	A	1.84%
XOM	B	1.51%
MA	B	1.33%
HD	B	1.23%
NFLX	A	1.23%
CRM	B	1.23%
TSLA	B	1.16%
BAC	A	1.14%
WMT	A	1.11%
ABBV	F	1.01%
ADBE	C	0.96%
MRK	F	0.93%
PM	B	0.86%
CMCSA	B	0.85%
LLY	F	0.83%
GILD	B	0.78%
NEE	D	0.78%
T	A	0.77%
BMY	B	0.75%
PGR	A	0.74%
SCHW	B	0.74%
LMT	D	0.73%
RTX	D	0.7%
JNJ	D	0.7%
CTAS	B	0.69%
PG	C	0.68%
CSCO	A	0.65%
SQ	B	0.6%
UNH	B	0.58%
ZM	B	0.58%
CAT	B	0.57%
TJX	A	0.57%
DIS	B	0.56%
NOW	A	0.56%
SPG	A	0.56%
CVNA	B	0.55%
SPGI	C	0.54%
ABT	C	0.54%
V	A	0.53%
DBX	B	0.53%
PCAR	B	0.52%
TXT	D	0.51%
CACI	C	0.49%
MSI	B	0.49%
CME	B	0.48%
TRV	B	0.47%
ANF	C	0.43%
CMG	B	0.39%
AON	B	0.38%
TDC	F	0.36%
AMGN	F	0.34%
PYPL	A	0.33%
WTW	A	0.32%
MSCI	B	0.32%
WM	A	0.32%
CAH	B	0.31%
COST	B	0.3%
AXP	B	0.3%
SEIC	A	0.29%
MS	A	0.29%
LDOS	C	0.29%
MMC	D	0.28%
PPG	F	0.28%
INCY	B	0.28%
UBER	F	0.26%
STLD	C	0.24%
ETN	B	0.23%
SKYW	B	0.23%
CVS	F	0.23%
LYFT	B	0.22%
GL	B	0.21%
GAP	B	0.21%
AMT	F	0.2%
ADP	A	0.2%
MGM	D	0.2%
NUE	D	0.2%
DASH	A	0.18%
ALRM	C	0.17%
GS	B	0.15%
TROW	A	0.15%
ED	D	0.15%
PEGA	B	0.15%
TMUS	A	0.14%
UNM	A	0.13%
BKNG	A	0.13%
VST	B	0.12%
LNW	F	0.12%
PNC	B	0.12%
MMM	C	0.12%
F	C	0.11%
BBWI	C	0.11%
ANET	C	0.11%
WFC	A	0.1%
SOLV	C	0.1%
HWM	B	0.1%
BK	B	0.1%
VEEV	B	0.09%
FR	D	0.08%
VZ	D	0.08%
PSA	D	0.08%
DHI	D	0.07%
PEP	D	0.05%
PLTK	B	0.04%
ORCL	A	0.04%
KR	A	0.03%
DOCU	B	0.03%
LPLA	A	0.03%
GPN	B	0.02%
COF	B	0.02%
C	B	0.02%
CVX	A	0.01%

FELC Underweight 175 Positions Relative to SHRT

Symbol	Grade	Weight
LPX	A	-1.95%
TGT	C	-1.93%
GM	B	-1.68%
THC	B	-1.66%
FMC	F	-1.54%
CHWY	B	-1.48%
MTZ	B	-1.42%
MIDD	D	-1.13%
MUR	D	-1.12%
ELAN	C	-1.12%
RGEN	C	-1.0%
RVTY	C	-0.99%
TSN	B	-0.97%
QGEN	D	-0.96%
PPC	C	-0.95%
MRO	B	-0.95%
BWA	B	-0.8%
ALKS	C	-0.78%
JBHT	C	-0.78%
UHS	D	-0.76%
SMG	D	-0.76%
MKSI	C	-0.75%
UPS	C	-0.75%
MO	A	-0.75%
TKO	D	-0.74%
ENPH	F	-0.71%
AVTR	F	-0.71%
HALO	C	-0.71%
CHTR	B	-0.71%
CTLT	D	-0.69%
WAT	B	-0.69%
FCX	F	-0.69%
WBA	D	-0.68%
J	D	-0.66%
LII	B	-0.65%
D	D	-0.64%
MPC	D	-0.64%
WDC	D	-0.63%
MOH	F	-0.63%
STX	D	-0.61%
MATX	B	-0.59%
XRAY	F	-0.59%
ICUI	D	-0.57%
ADMA	C	-0.56%
INGR	B	-0.56%
HOLX	D	-0.55%
BALL	D	-0.54%
LYB	F	-0.54%
NWSA	B	-0.54%
POST	D	-0.52%
ISRG	A	-0.5%
EL	F	-0.49%
KMX	B	-0.48%
RRX	B	-0.43%
IQV	F	-0.43%
SWK	F	-0.42%
FSS	C	-0.38%
CCK	D	-0.38%
AVNT	B	-0.37%
H	B	-0.37%
MSGS	B	-0.37%
TRU	D	-0.32%
MMS	F	-0.32%
GFS	C	-0.31%
SLGN	B	-0.31%
GD	C	-0.31%
DAR	B	-0.3%
LTH	D	-0.3%
WSM	F	-0.29%
TPX	B	-0.28%
ASH	F	-0.27%
ZTS	D	-0.26%
HAS	D	-0.26%
BMRN	F	-0.26%
ONTO	F	-0.26%
QLYS	B	-0.25%
JAZZ	B	-0.24%
CMC	B	-0.24%
COTY	D	-0.24%
UI	B	-0.22%
GOLF	B	-0.22%
NCLH	B	-0.22%
CROX	F	-0.22%
BAH	C	-0.21%
LKQ	C	-0.21%
PNR	A	-0.2%
VMI	B	-0.2%
LEVI	F	-0.2%
CRS	B	-0.19%
EFX	F	-0.19%
NFG	D	-0.19%
MAS	D	-0.18%
MRVL	B	-0.18%
SGBX	F	-0.17%
TYL	B	-0.17%
UTHR	B	-0.16%
MTD	F	-0.16%
COKE	C	-0.15%
WFG	C	-0.14%
CLX	A	-0.14%
CNX	B	-0.13%
TXRH	A	-0.13%
SWX	B	-0.12%
VLTO	D	-0.12%
GNRC	B	-0.12%
FIX	B	-0.11%
EME	B	-0.11%
VMC	B	-0.11%
PSN	C	-0.1%
IPG	F	-0.1%
GDDY	B	-0.1%
APPF	B	-0.1%
CNI	F	-0.1%
CHDN	B	-0.1%
RKLB	B	-0.09%
FLS	B	-0.09%
IAC	F	-0.09%
CF	B	-0.09%
ACIW	B	-0.09%
OVV	C	-0.09%
SM	C	-0.09%
TFX	F	-0.09%
STE	D	-0.08%
REGN	F	-0.08%
ESI	B	-0.07%
FCN	F	-0.07%
EBAY	C	-0.07%
ALGN	D	-0.06%
VRSN	C	-0.06%
SYY	D	-0.06%
NOV	C	-0.05%
AIT	A	-0.05%
TPL	B	-0.05%
A	F	-0.05%
KWR	C	-0.05%
STZ	D	-0.05%
BPMC	C	-0.04%
TTC	F	-0.04%
AWI	B	-0.04%
SLB	C	-0.04%
OGN	F	-0.03%
HES	B	-0.03%
SITM	B	-0.03%
KTB	A	-0.03%
BIO	C	-0.03%
AOS	F	-0.03%
SHAK	C	-0.03%
CVLT	B	-0.03%
BCPC	B	-0.03%
WLK	F	-0.03%
TER	F	-0.02%
DNB	B	-0.02%
DVA	C	-0.02%
WFRD	F	-0.02%
INFA	F	-0.02%
COR	B	-0.02%
ITRI	B	-0.02%
BFAM	F	-0.02%
BLDR	C	-0.02%
BMI	B	-0.02%
KEX	A	-0.02%
R	B	-0.01%
EHC	B	-0.01%
ZBH	C	-0.01%
CHX	C	-0.01%
OPCH	F	-0.01%
SNDR	B	-0.01%
COLM	B	-0.01%
APG	C	-0.01%
DTM	A	-0.01%
ACLX	C	-0.0%
RUSHA	B	-0.0%
SKY	B	-0.0%
DG	F	-0.0%
OLN	F	-0.0%