FESM vs. FBUF ETF Comparison

Comparison of Fidelity Enhanced Small Cap ETF (FESM) to Fidelity Dynamic Buffered Equity ETF (FBUF)
FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. 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

$31.97

Average Daily Volume

87,016

Number of Holdings *

556

* may have additional holdings in another (foreign) market
FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$26.65

Average Daily Volume

3,585

Number of Holdings *

151

* may have additional holdings in another (foreign) market
Performance
Period FESM FBUF
30 Days 0.66% 1.13%
60 Days -0.06% 2.39%
90 Days 6.19% 5.68%
12 Months
8 Overlapping Holdings
Symbol Grade Weight in FESM Weight in FBUF Overlap
ALRM F 0.09% 0.14% 0.09%
ANF F 0.76% 0.44% 0.44%
CVNA A 0.58% 0.55% 0.55%
IGT F 0.54% 0.51% 0.51%
LNW D 0.28% 0.16% 0.16%
MEDP F 0.07% 0.37% 0.07%
SKYW A 0.65% 0.27% 0.27%
TPH D 0.37% 0.18% 0.18%
FESM Overweight 548 Positions Relative to FBUF
Symbol Grade Weight
SFM A 0.92%
CRS B 0.78%
FN B 0.78%
QTWO A 0.77%
LUMN A 0.75%
PRMW B 0.74%
IBP F 0.71%
PAYO B 0.69%
SPSC F 0.69%
CVLT B 0.67%
MHO D 0.67%
JXN B 0.64%
MWA B 0.64%
ENS F 0.63%
BGC A 0.62%
OUT C 0.6%
MTX C 0.6%
FLR B 0.6%
NWBI C 0.57%
CRGY B 0.57%
FUL F 0.57%
CSGS D 0.56%
YELP F 0.56%
COMP B 0.55%
HWKN D 0.55%
EME A 0.55%
PRG C 0.53%
MTDR D 0.52%
AEO F 0.52%
MXL D 0.51%
TMHC A 0.51%
WT B 0.5%
FHI A 0.5%
CRDO A 0.49%
UMBF A 0.49%
AIR F 0.49%
EXLS A 0.49%
QLYS F 0.48%
SIGI C 0.47%
LKFN B 0.47%
INSM D 0.47%
YOU A 0.46%
UPBD D 0.45%
FIX B 0.45%
PCVX C 0.45%
CODI D 0.44%
ITRI A 0.44%
AIT A 0.44%
CMPR F 0.43%
REZI C 0.42%
EQC C 0.42%
BANF B 0.41%
CECO F 0.41%
WTS D 0.41%
MMSI B 0.41%
COKE D 0.41%
VMEO C 0.4%
AAT C 0.4%
BMI D 0.4%
BHE A 0.4%
GT F 0.39%
ESRT C 0.39%
TEX F 0.38%
NMIH D 0.38%
AWR C 0.38%
LANC B 0.38%
APOG A 0.37%
ATI F 0.37%
SANM A 0.36%
AROC D 0.36%
PECO B 0.36%
SJW F 0.36%
BAND A 0.36%
SXT C 0.35%
ABCB B 0.35%
KAR F 0.34%
MTH D 0.34%
FFIN D 0.34%
GNW D 0.34%
CBU A 0.34%
ABM B 0.33%
WOOF B 0.33%
LMND A 0.33%
TRNO F 0.32%
SF A 0.32%
NJR D 0.32%
CNMD D 0.32%
UCTT F 0.32%
COMM A 0.32%
KTOS C 0.31%
BDC B 0.31%
BBSI D 0.31%
GFF F 0.31%
VICR B 0.31%
PFS B 0.3%
BCO D 0.29%
MATX A 0.29%
FBP D 0.29%
EPAC A 0.29%
HCI B 0.28%
WK C 0.27%
YEXT A 0.27%
SLVM B 0.27%
TNC F 0.27%
PRGS B 0.27%
TRN C 0.27%
HP C 0.26%
GH D 0.26%
CNO A 0.26%
FORM F 0.26%
EZPW B 0.25%
HY D 0.25%
NBR C 0.25%
SWX C 0.25%
PSN A 0.25%
AX B 0.25%
CPF C 0.24%
PDFS F 0.24%
AORT A 0.24%
VREX C 0.24%
MOG.A C 0.24%
PLPC A 0.24%
PHR F 0.24%
SNEX A 0.24%
BVS A 0.23%
HLX F 0.23%
CRAI B 0.23%
AVNS F 0.23%
CEIX A 0.23%
TENB D 0.23%
HQY B 0.23%
AXGN B 0.23%
RNA C 0.23%
CWT D 0.23%
CALM B 0.23%
MAC B 0.23%
BUSE D 0.23%
CRC B 0.22%
CTRE A 0.22%
ALKS F 0.22%
VRE D 0.22%
STEP B 0.22%
EGHT C 0.22%
AXL F 0.22%
KBH D 0.22%
OI F 0.22%
HL C 0.22%
PBH A 0.21%
MRTN F 0.21%
HWC A 0.21%
OTTR F 0.21%
RVMD A 0.21%
SXC A 0.21%
BL B 0.21%
CORT B 0.21%
SHAK A 0.21%
MUR F 0.21%
RNST B 0.21%
OPCH F 0.2%
PBI A 0.2%
SBH B 0.2%
CNXN F 0.2%
OFG C 0.2%
ACA B 0.2%
LMB B 0.2%
HNI D 0.2%
ROCK D 0.2%
WABC B 0.2%
ZUO A 0.19%
STNG F 0.19%
UBSI A 0.19%
SMTC B 0.19%
HURN A 0.19%
HALO B 0.19%
HSTM A 0.19%
CDP B 0.19%
PTCT B 0.18%
PD C 0.18%
TILE A 0.18%
FOLD B 0.18%
CADE B 0.18%
FSS F 0.18%
FULT B 0.18%
PLAB F 0.18%
GEO B 0.18%
AUB C 0.17%
TVTX B 0.17%
TDS B 0.17%
ALE A 0.17%
DCO D 0.17%
DY C 0.17%
CYTK F 0.17%
ARLO F 0.17%
EWTX B 0.17%
BCC D 0.17%
WKC D 0.17%
PJT B 0.17%
SFBS A 0.17%
AMSF A 0.16%
PRO C 0.16%
BPMC C 0.16%
ETD F 0.16%
SRRK B 0.16%
TRTX A 0.16%
GHC A 0.16%
CSWI B 0.16%
VRTS B 0.16%
PRK A 0.16%
RMBS C 0.16%
INTA B 0.16%
BOH A 0.15%
PLXS A 0.15%
SAH C 0.15%
LNTH C 0.15%
SLG B 0.15%
EXPI B 0.15%
FLXS A 0.15%
XRX F 0.15%
WS A 0.14%
KREF D 0.14%
KNF A 0.14%
CNK A 0.14%
WSR B 0.14%
OSCR C 0.14%
DOMO C 0.14%
AGIO B 0.14%
VCYT A 0.14%
DK F 0.14%
NFBK C 0.14%
TWST F 0.14%
CPRX A 0.14%
CRNX B 0.14%
NRIX B 0.14%
UCB D 0.14%
HAE F 0.13%
DYN F 0.13%
EGP D 0.13%
SRCE C 0.13%
TRUP A 0.13%
CPS B 0.13%
RYTM D 0.13%
FRME C 0.13%
HCAT C 0.12%
ZEUS F 0.12%
ADUS D 0.12%
UNIT C 0.12%
HLIT F 0.12%
CDNA D 0.12%
GMRE D 0.12%
BCRX A 0.12%
RAMP D 0.12%
ATNI F 0.12%
BRC D 0.12%
ODP C 0.12%
AMRX B 0.12%
DXPE C 0.12%
RDFN C 0.12%
AUR B 0.12%
EXTR B 0.12%
LADR B 0.11%
REPX F 0.11%
CHX F 0.11%
ATRC A 0.11%
KURA F 0.11%
KRYS C 0.11%
AMPH A 0.11%
SKT B 0.11%
TRUE A 0.1%
LYTS A 0.1%
BCPC C 0.1%
FFBC A 0.1%
MDGL A 0.1%
EAT A 0.1%
AGS A 0.1%
VTOL D 0.1%
MYGN F 0.1%
RXRX F 0.09%
NVAX F 0.09%
ARQT D 0.09%
NGVC B 0.09%
AMSC A 0.09%
ADMA B 0.09%
PCRX C 0.09%
SPT F 0.09%
COLL F 0.09%
DEA C 0.09%
CDE C 0.09%
EOLS A 0.09%
LGND A 0.09%
TGTX A 0.09%
INDB B 0.09%
WDFC A 0.09%
PTGX B 0.09%
ACAD F 0.09%
VCEL D 0.08%
RUSHA A 0.08%
CATY A 0.08%
ARAY F 0.08%
MTRN D 0.08%
OPEN F 0.08%
BKD D 0.08%
IART C 0.08%
WSBF B 0.08%
MYE F 0.08%
GIC F 0.08%
REPL B 0.08%
FLNC B 0.08%
TCMD A 0.08%
URBN F 0.08%
NABL F 0.08%
RVNC C 0.08%
BGS C 0.08%
JAMF D 0.08%
BBIO D 0.08%
ANIP F 0.08%
EBS B 0.08%
BLKB D 0.08%
MRC F 0.08%
CSTM F 0.08%
WVE B 0.08%
SSTK D 0.08%
SCS F 0.08%
NBTB D 0.07%
AXSM C 0.07%
CTBI B 0.07%
ASC F 0.07%
WEAV B 0.07%
ONTO F 0.07%
PL B 0.07%
FISI D 0.07%
AMAL B 0.07%
ANNX B 0.07%
IRWD F 0.07%
CCCC F 0.07%
SAGE F 0.07%
ARVN C 0.07%
FDP A 0.07%
RCKT F 0.07%
DNLI C 0.07%
CDMO C 0.07%
WMK D 0.07%
THR F 0.07%
CLDX F 0.07%
LGF.A C 0.07%
LIVN C 0.07%
PACB C 0.07%
KTB A 0.07%
AKBA A 0.07%
SNDX F 0.07%
FTDR B 0.07%
ADPT A 0.07%
HRTG D 0.07%
BSRR D 0.07%
MCRI A 0.06%
HRTX F 0.06%
ATRO F 0.06%
QTRX C 0.06%
LPSN B 0.06%
PRLB B 0.06%
AMBA B 0.06%
CERS F 0.06%
ORIC D 0.06%
HURC A 0.06%
NUVB F 0.06%
ARCT F 0.06%
AVD F 0.06%
RXO B 0.06%
ABSI D 0.06%
HBI A 0.06%
COGT B 0.06%
RM D 0.06%
UEC B 0.06%
KE C 0.06%
PGC A 0.06%
TSVT D 0.05%
TXRH A 0.05%
ALX D 0.05%
SANA F 0.05%
BY B 0.05%
SGMO A 0.05%
VNDA D 0.05%
EE A 0.05%
STRO D 0.05%
CDXS A 0.05%
NUVL D 0.05%
NPAB D 0.05%
DIOD F 0.05%
ZIP F 0.05%
PAHC B 0.05%
LGF.A C 0.05%
WSBC A 0.05%
CTKB F 0.05%
IOVA B 0.05%
KOD B 0.05%
NSSC F 0.05%
COUR F 0.05%
ARWR F 0.05%
CVBF B 0.05%
BSIG A 0.05%
KALV D 0.05%
TSHA F 0.05%
UHT D 0.05%
GPRE F 0.05%
ERAS C 0.05%
CMC A 0.05%
AKRO A 0.05%
MGNX C 0.04%
PSMT C 0.04%
HROW C 0.04%
MSBI A 0.04%
BASE C 0.04%
CSR D 0.04%
FNKO C 0.04%
BRSP C 0.04%
CRVL D 0.04%
CXM F 0.04%
ZNTL D 0.04%
BDTX F 0.04%
EDIT F 0.04%
DSGN C 0.04%
CWK C 0.04%
HUMA D 0.04%
TERN D 0.04%
NXRT D 0.04%
ICFI B 0.04%
ANIK F 0.04%
FLYW C 0.04%
BLBD F 0.04%
ETNB D 0.04%
OPY A 0.04%
TNDM F 0.04%
OIS D 0.04%
OABI D 0.04%
VYGR C 0.04%
UVE C 0.04%
ORGO D 0.04%
ACIW C 0.04%
GERN C 0.04%
ALLK B 0.04%
FATE F 0.04%
DAKT C 0.04%
MLNK B 0.04%
IDYA F 0.04%
JBSS F 0.03%
MQ A 0.03%
FIZZ B 0.03%
VSCO A 0.03%
SPNS B 0.03%
DOC C 0.03%
PKE C 0.03%
MBWM D 0.03%
HNST C 0.03%
PDCO F 0.03%
KYMR C 0.03%
BECN B 0.03%
NPK F 0.03%
SFL F 0.03%
GIII C 0.03%
MED D 0.03%
STBA D 0.03%
CWCO F 0.03%
GCI C 0.03%
ACLX B 0.03%
SNBR F 0.03%
STNE F 0.03%
NKTX F 0.03%
RMAX C 0.03%
LMAT B 0.03%
UVSP B 0.03%
HIMS B 0.03%
ENSG A 0.03%
MCY B 0.03%
NARI A 0.03%
UVV C 0.03%
TMCI F 0.03%
ARRY D 0.03%
BHLB B 0.03%
AXNX A 0.03%
ETWO F 0.03%
CHGG F 0.03%
TSE D 0.03%
RLMD C 0.03%
RLAY F 0.03%
YMAB A 0.03%
GRC D 0.03%
UFPI C 0.03%
ENTA D 0.03%
ACET F 0.03%
SHEN F 0.03%
SUPN B 0.02%
URGN F 0.02%
TNYA F 0.02%
DIN D 0.02%
XBIT A 0.02%
ANGO D 0.02%
DVAX A 0.02%
AOSL D 0.02%
ONTF D 0.02%
ENVX D 0.02%
CRBU D 0.02%
MCB B 0.02%
ALT D 0.02%
SVRA D 0.02%
NTLA F 0.02%
PRAA D 0.02%
CTMX F 0.02%
MDXG C 0.02%
SPOK A 0.02%
TCBK C 0.02%
XNCR A 0.02%
TNET F 0.02%
MRSN D 0.02%
PRTS F 0.02%
VERA A 0.02%
RCKY F 0.02%
ZIMV D 0.02%
POWL A 0.02%
FCF D 0.02%
ALEC D 0.02%
PGEN F 0.02%
SWTX D 0.02%
FSTR F 0.02%
NKTR C 0.02%
PBYI C 0.02%
KPTI C 0.02%
ABUS D 0.02%
BEAM F 0.02%
GKOS B 0.02%
BOLT C 0.01%
WFRD F 0.01%
AHT F 0.01%
GATX A 0.01%
INO F 0.01%
FGEN F 0.01%
ALVR B 0.01%
ZDGE F 0.01%
AVTE C 0.01%
SCWX B 0.01%
IMVT F 0.01%
NOVA F 0.01%
CHRS F 0.01%
SMMT C 0.01%
ADAP F 0.01%
EB C 0.01%
UPLD F 0.01%
OII D 0.01%
CCBG A 0.01%
RIG D 0.01%
FESM Underweight 143 Positions Relative to FBUF
Symbol Grade Weight
AAPL C -7.58%
NVDA B -7.56%
MSFT D -5.93%
AMZN A -3.2%
META B -3.04%
BRK.A D -2.15%
GOOGL A -1.96%
AVGO B -1.91%
GOOG A -1.81%
JPM A -1.79%
XOM C -1.55%
MA B -1.35%
HD B -1.3%
NFLX A -1.18%
BAC B -1.08%
CRM A -1.07%
ABBV A -1.02%
LLY F -0.95%
PM A -0.94%
TSLA A -0.94%
ADBE F -0.93%
CAT B -0.9%
QCOM D -0.88%
TMO D -0.86%
CMCSA A -0.83%
MRK F -0.82%
WMT A -0.81%
PG D -0.8%
CSCO B -0.79%
SPGI D -0.78%
GILD A -0.77%
JNJ D -0.77%
AMAT F -0.75%
UNP D -0.75%
MU C -0.74%
BMY A -0.73%
LMT D -0.73%
SCHW B -0.71%
PYPL B -0.71%
T A -0.69%
TJX D -0.69%
TT C -0.66%
NEE D -0.66%
PGR D -0.65%
C A -0.65%
ABT A -0.63%
CI D -0.63%
NOC D -0.63%
BDX C -0.63%
CTAS B -0.63%
ECL C -0.62%
CSX F -0.56%
UNH C -0.56%
CL F -0.56%
DBX A -0.55%
ZM A -0.54%
KLAC F -0.54%
SQ B -0.54%
SEIC A -0.53%
MMC D -0.53%
DVN F -0.53%
CACI A -0.52%
UBER C -0.5%
EXEL A -0.49%
GE D -0.49%
PFE D -0.48%
CMG B -0.48%
TXT F -0.46%
CAH B -0.45%
CME B -0.44%
SPG C -0.42%
ETN B -0.42%
V A -0.41%
AXP A -0.41%
MSI B -0.41%
WM A -0.4%
NOW A -0.4%
TDC B -0.39%
VZ D -0.39%
ANET B -0.38%
HWM B -0.38%
SSNC D -0.37%
PPG F -0.36%
PCAR C -0.36%
GRMN A -0.35%
NUE F -0.35%
DIS C -0.34%
F D -0.33%
LDOS A -0.33%
CINF B -0.32%
COST D -0.3%
RTX C -0.29%
INCY A -0.29%
EOG D -0.28%
AMGN C -0.28%
MSCI C -0.26%
BIIB F -0.25%
TRV B -0.25%
MPWR F -0.24%
CVS F -0.23%
GAP D -0.22%
SYK A -0.22%
PEP D -0.21%
CRUS F -0.19%
NBIX C -0.18%
VEEV B -0.18%
MMM D -0.18%
PSA D -0.17%
ALLE C -0.16%
BBWI F -0.16%
LRCX F -0.13%
AON A -0.13%
GL C -0.13%
XEL A -0.13%
CLX B -0.13%
ITW A -0.13%
VST B -0.12%
BK B -0.12%
KR A -0.12%
GEN A -0.12%
CNC D -0.11%
LPLA A -0.1%
UTHR A -0.1%
WTW A -0.1%
DASH A -0.1%
NRG B -0.09%
NSC B -0.09%
AMT D -0.09%
PEGA A -0.09%
DOCU A -0.08%
UNM A -0.08%
PLTK A -0.07%
TWLO A -0.07%
LYFT C -0.06%
EQH B -0.05%
MGM D -0.05%
ORCL B -0.04%
TNL A -0.04%
KO D -0.03%
OGE C -0.03%
TOL C -0.02%
CVX A -0.02%
AMD F -0.01%
Compare ETFs