FESM vs. OPTZ ETF Comparison

Comparison of Fidelity Enhanced Small Cap ETF (FESM) to Optimize Strategy Index ETF (OPTZ)
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

$35.21

Average Daily Volume

123,773

Number of Holdings *

567

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

Optimize Strategy Index ETF

OPTZ Description OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings *

321

* may have additional holdings in another (foreign) market
Performance
Period FESM OPTZ
30 Days 10.20% 8.47%
60 Days 9.69% 9.68%
90 Days 10.24% 11.36%
12 Months 41.78%
45 Overlapping Holdings
Symbol Grade Weight in FESM Weight in OPTZ Overlap
AIT A 0.48% 0.16% 0.16%
AKRO B 0.05% 0.14% 0.05%
ANF C 0.8% 0.36% 0.36%
AX A 0.29% 0.26% 0.26%
BHE B 0.4% 1.2% 0.4%
BKD D 0.06% 0.07% 0.06%
COGT D 0.05% 0.11% 0.05%
CRS A 0.86% 0.2% 0.2%
CVNA B 0.55% 0.55% 0.55%
DK C 0.12% 0.05% 0.05%
DYN F 0.11% 0.11% 0.11%
EAT A 0.12% 0.55% 0.12%
EME C 0.56% 0.18% 0.18%
ETNB C 0.04% 0.12% 0.04%
EWTX C 0.14% 0.23% 0.14%
EXPI C 0.14% 0.1% 0.1%
FIX A 0.57% 0.18% 0.18%
GFF A 0.34% 0.15% 0.15%
HBI B 0.07% 0.42% 0.07%
HQY B 0.25% 0.17% 0.17%
ITRI B 0.47% 1.19% 0.47%
KRYS B 0.1% 0.12% 0.1%
KURA F 0.1% 0.11% 0.1%
LNTH D 0.06% 0.1% 0.06%
LNW D 0.26% 0.28% 0.26%
LUMN C 0.69% 0.83% 0.69%
MRC B 0.09% 0.14% 0.09%
NPAB B 0.05% 0.52% 0.05%
ODP F 0.1% 0.27% 0.1%
PBI B 0.19% 0.13% 0.13%
PRG C 0.56% 0.22% 0.22%
QLYS C 0.54% 1.22% 0.54%
RDFN D 0.09% 0.08% 0.08%
SANA F 0.03% 0.06% 0.03%
SBH C 0.19% 0.36% 0.19%
SIGI C 0.44% 0.22% 0.22%
SKYW B 0.7% 0.18% 0.18%
SNDX F 0.06% 0.11% 0.06%
SWX B 0.32% 0.05% 0.05%
UNFI A 0.04% 0.41% 0.04%
UNIT B 0.07% 0.1% 0.07%
VERA B 0.02% 0.16% 0.02%
WFRD D 0.04% 0.05% 0.04%
WKC D 0.24% 0.06% 0.06%
WOOF D 0.28% 0.42% 0.28%
FESM Overweight 522 Positions Relative to OPTZ
Symbol Grade Weight
SFM A 0.99%
CVLT B 0.79%
QTWO A 0.73%
SPSC C 0.71%
FN D 0.7%
PAYO A 0.69%
BGC C 0.67%
ENS D 0.62%
MWA B 0.61%
MHO D 0.61%
JXN C 0.61%
CRGY B 0.61%
IBP D 0.6%
AEO F 0.6%
CSGS B 0.6%
MTX B 0.59%
NWBI B 0.59%
WT B 0.58%
YELP C 0.57%
COMP B 0.57%
OUT A 0.56%
UCTT D 0.54%
FUL F 0.54%
HWKN B 0.54%
LKFN B 0.53%
EXLS B 0.53%
FHI A 0.52%
UPBD B 0.51%
VMEO B 0.5%
AIR B 0.5%
TMHC B 0.49%
LANC C 0.47%
CODI B 0.46%
MXL C 0.45%
TENB C 0.43%
BANF B 0.43%
INSM C 0.42%
MMSI B 0.42%
LMND B 0.41%
WTS B 0.41%
MTDR B 0.41%
REZI A 0.4%
GT C 0.4%
BMI B 0.4%
AROC B 0.4%
MATX C 0.39%
ACA A 0.39%
SANM B 0.39%
CECO A 0.38%
APOG B 0.38%
CBU B 0.38%
ESRT C 0.37%
ABCB B 0.37%
AAT B 0.37%
KNF A 0.37%
GH B 0.36%
TPH D 0.36%
FFIN B 0.36%
CMPR D 0.36%
PECO A 0.36%
CNMD C 0.35%
VREX C 0.35%
BAND B 0.35%
GNW A 0.35%
FLR B 0.35%
TEX D 0.35%
UMBF B 0.34%
NMIH D 0.34%
ATI D 0.33%
CRDO B 0.33%
PCVX D 0.33%
SF B 0.33%
SXT B 0.33%
BBSI B 0.33%
VICR B 0.33%
COKE C 0.33%
NJR A 0.32%
PFS B 0.32%
KAR B 0.32%
STEP B 0.32%
ABM B 0.32%
IGT F 0.32%
MTH D 0.31%
YOU D 0.31%
KTOS B 0.3%
YEXT A 0.29%
EGHT C 0.29%
SXC A 0.29%
WK B 0.29%
BDC B 0.29%
CNO A 0.28%
FBP B 0.28%
SNEX B 0.27%
PHR F 0.27%
TRN C 0.27%
MRTN C 0.26%
CEIX A 0.26%
WSBC A 0.26%
MOG.A B 0.26%
PRGS A 0.26%
EZPW A 0.25%
RVMD C 0.25%
IRTC D 0.25%
HLX B 0.24%
CPF A 0.24%
BUSE B 0.24%
BCO D 0.24%
CDP C 0.24%
HP B 0.24%
TRNO F 0.24%
FRME B 0.23%
EPAC B 0.23%
TILE B 0.23%
CALM A 0.23%
PLXS B 0.23%
MAC B 0.23%
PDFS C 0.23%
NBR C 0.23%
HWC B 0.22%
PBH A 0.22%
SJW D 0.22%
CORT B 0.22%
CRC B 0.22%
RNST B 0.22%
DCO C 0.22%
HL D 0.21%
OPCH D 0.21%
HURN B 0.21%
ROCK C 0.21%
KBH D 0.21%
AXGN D 0.21%
TDS B 0.21%
WABC B 0.21%
SHAK C 0.21%
ZUO B 0.21%
CRAI B 0.21%
ALKS B 0.21%
AXL C 0.21%
PLAB C 0.21%
OI C 0.21%
PSN D 0.21%
COMM D 0.2%
HNI B 0.2%
BL B 0.2%
HY D 0.2%
UBSI B 0.2%
FULT A 0.2%
CTRE D 0.2%
HSTM B 0.2%
MUR D 0.2%
CNXN C 0.19%
SMTC B 0.19%
RNA D 0.19%
RMBS C 0.19%
AVNS F 0.18%
PRO C 0.18%
AORT B 0.18%
TRTX B 0.18%
CADE B 0.18%
BVS D 0.18%
XRX F 0.18%
PJT A 0.18%
SFBS B 0.18%
ALRM C 0.17%
ARLO C 0.17%
BCC B 0.17%
AWR B 0.17%
DBRG F 0.17%
CSWI A 0.17%
PRK B 0.17%
PD C 0.17%
TNC D 0.17%
FLNC C 0.17%
INTA A 0.17%
OFG B 0.16%
SAH A 0.16%
HALO F 0.16%
PTCT B 0.16%
STNG F 0.16%
CYTK F 0.16%
DY D 0.16%
BPMC C 0.16%
BOH B 0.16%
PLPC B 0.16%
DXPE B 0.16%
DOMO C 0.15%
FLXS B 0.15%
VRTS B 0.15%
ETD C 0.15%
VCYT B 0.15%
CNK B 0.15%
NFBK B 0.15%
RYTM C 0.15%
UCB A 0.15%
TVTX B 0.15%
CWT D 0.15%
AMSF B 0.15%
AMAL B 0.15%
GEO B 0.14%
CPS C 0.14%
LMB A 0.14%
TWST D 0.14%
VRE B 0.14%
MDGL B 0.14%
FBK B 0.14%
FOLD F 0.14%
HAE C 0.14%
SLG B 0.14%
GHC C 0.14%
OSCR D 0.14%
EXTR B 0.13%
CMC B 0.13%
ATRC C 0.13%
SRRK B 0.13%
WS B 0.13%
CPRX C 0.13%
WSR A 0.13%
REPX A 0.13%
SRCE B 0.13%
OTTR C 0.12%
AMRX C 0.12%
NRIX D 0.12%
USLM A 0.12%
BSIG A 0.12%
TRUP B 0.12%
ZEUS C 0.12%
CRNX C 0.12%
KREF D 0.12%
AUB B 0.11%
HCAT D 0.11%
TREE F 0.11%
ACAD D 0.11%
CDNA D 0.11%
VTOL B 0.11%
CHX C 0.11%
HCI C 0.11%
ALTR B 0.11%
AMSC B 0.11%
BRC D 0.11%
INSW F 0.11%
AUR C 0.11%
LYTS B 0.11%
SKT B 0.11%
RKLB B 0.1%
SFL D 0.1%
BCPC B 0.1%
SLVM B 0.1%
AGS A 0.1%
BCRX D 0.1%
ALE A 0.1%
GKOS B 0.1%
ADMA B 0.1%
NGVC A 0.1%
ADUS D 0.1%
INDB B 0.1%
LADR B 0.1%
GMRE F 0.1%
TGTX B 0.1%
FLYW C 0.1%
FFBC A 0.1%
PL A 0.09%
VSTO A 0.09%
TNDM F 0.09%
TCMD A 0.09%
FSS B 0.09%
ACLX C 0.09%
SPT C 0.09%
LGND B 0.09%
VBTX B 0.09%
AMBA B 0.09%
ARQT C 0.09%
ACMR F 0.09%
DIOD D 0.09%
HLIT D 0.09%
MYGN F 0.09%
EQC B 0.09%
FORM D 0.09%
TRUE B 0.09%
WGO C 0.08%
PRLB A 0.08%
FTDR A 0.08%
WSBF C 0.08%
TDOC C 0.08%
BSRR B 0.08%
LUNR B 0.08%
THR B 0.08%
KOD C 0.08%
RXRX F 0.08%
FDP B 0.08%
CDE D 0.08%
AKBA C 0.08%
CDMO B 0.08%
PCRX C 0.08%
CATY B 0.08%
RUSHA C 0.08%
TARS B 0.08%
LTH C 0.08%
KTB B 0.08%
AIN C 0.08%
URBN C 0.08%
SCS C 0.08%
MEDP D 0.07%
AXSM B 0.07%
EOLS D 0.07%
IRWD F 0.07%
AMPH D 0.07%
KE C 0.07%
OPEN D 0.07%
JAMF F 0.07%
MYE F 0.07%
SEM B 0.07%
LGF.A C 0.07%
REPL B 0.07%
AVD D 0.07%
NBTB B 0.07%
FISI A 0.07%
NTCT C 0.07%
WVE C 0.07%
ATNI F 0.07%
ARAY D 0.07%
SNBR F 0.07%
PGC C 0.07%
BBIO F 0.07%
CTBI B 0.07%
COLL F 0.07%
HRTG C 0.07%
ADPT C 0.07%
EBS C 0.07%
DEA D 0.07%
BLKB B 0.07%
WMK C 0.07%
MCRI A 0.06%
CVBF A 0.06%
ALHC C 0.06%
SGMO C 0.06%
BOOT D 0.06%
ORGO B 0.06%
ARVN D 0.06%
RXO C 0.06%
RVNC F 0.06%
ORIC F 0.06%
CERS C 0.06%
BGS F 0.06%
CTKB C 0.06%
CDXS B 0.06%
HURC C 0.06%
GIC D 0.06%
NARI C 0.06%
DNLI D 0.06%
RM D 0.06%
AGIO C 0.06%
WEAV B 0.06%
UEC B 0.06%
NUVB C 0.06%
NVAX F 0.06%
TMCI D 0.05%
LGF.A C 0.05%
AOSL C 0.05%
UVE B 0.05%
ARWR F 0.05%
ACIW B 0.05%
TXRH C 0.05%
CCCC F 0.05%
ATRO D 0.05%
PTON B 0.05%
PAHC C 0.05%
ANNX F 0.05%
DAKT B 0.05%
LPG F 0.05%
UHT D 0.05%
RIG D 0.05%
QTRX F 0.05%
VNDA C 0.05%
ARCT F 0.05%
NRDS C 0.05%
OPY B 0.05%
ONTO D 0.05%
HNST B 0.05%
BY B 0.05%
STBA B 0.05%
OIS C 0.05%
SNCY C 0.05%
ERAS C 0.05%
EE A 0.05%
APPN B 0.05%
IART C 0.05%
LMAT A 0.04%
LPSN F 0.04%
STRO F 0.04%
CSR B 0.04%
ZNTL F 0.04%
IDYA F 0.04%
BLBD D 0.04%
PTGX C 0.04%
IOVA F 0.04%
ALLK D 0.04%
KALV D 0.04%
GERN D 0.04%
CXM C 0.04%
MSBI B 0.04%
OABI F 0.04%
NUVL D 0.04%
SAGE F 0.04%
NXRT B 0.04%
NSP D 0.04%
KLG C 0.04%
DSGN C 0.04%
BRSP B 0.04%
ALX D 0.04%
CRVL A 0.04%
BASE C 0.04%
VCTR B 0.04%
BECN B 0.04%
COUR F 0.04%
NSSC D 0.04%
ZIP F 0.04%
MLNK B 0.04%
RLAY F 0.03%
FIZZ C 0.03%
BEAM D 0.03%
ENTA F 0.03%
PDCO D 0.03%
PKE B 0.03%
TSHA C 0.03%
RLMD F 0.03%
RCKT F 0.03%
GIII D 0.03%
RMAX C 0.03%
ANIK F 0.03%
NPK B 0.03%
MED F 0.03%
MBWM B 0.03%
IDT B 0.03%
ENSG D 0.03%
SHEN F 0.03%
HIMS B 0.03%
FSTR B 0.03%
MTRN C 0.03%
HUMA F 0.03%
TSVT F 0.03%
PRTS C 0.03%
EDIT F 0.03%
CWCO C 0.03%
CLDX F 0.03%
UVSP B 0.03%
FNKO D 0.03%
BDTX F 0.03%
ASC F 0.03%
ETWO F 0.03%
ARRY C 0.03%
VSCO B 0.03%
ICFI F 0.03%
UFPI B 0.03%
MCY A 0.03%
TERN F 0.03%
MGNX F 0.03%
VYGR F 0.03%
BHLB B 0.03%
CHGG D 0.03%
FATE F 0.03%
VCEL B 0.03%
GRC A 0.03%
HRTX F 0.03%
CCBG B 0.02%
ANGO D 0.02%
CTMX F 0.02%
EB C 0.02%
SSTK F 0.02%
SVRA D 0.02%
ALEC F 0.02%
NTLA F 0.02%
DIN C 0.02%
ONTF C 0.02%
TNYA C 0.02%
NKTR F 0.02%
DVAX C 0.02%
MQ F 0.02%
PGEN F 0.02%
TNET D 0.02%
ZIMV D 0.02%
ALT C 0.02%
CRBU F 0.02%
UPLD C 0.02%
NKTX F 0.02%
ABUS D 0.02%
MCB B 0.02%
TCBK B 0.02%
ONB B 0.02%
SPOK C 0.02%
MRSN D 0.02%
JBSS D 0.02%
XNCR B 0.02%
PBYI C 0.02%
GPRE F 0.02%
ACET F 0.02%
TSE F 0.02%
PRAA C 0.02%
DOC D 0.02%
KPTI C 0.02%
ABSI F 0.02%
FCF A 0.02%
KYMR D 0.02%
YMAB F 0.02%
NABL F 0.02%
SWTX C 0.02%
HROW D 0.02%
GCI D 0.02%
BRY F 0.02%
ANIP F 0.02%
SPCE D 0.01%
STNE F 0.01%
INO F 0.01%
ALVR F 0.01%
ZDGE F 0.01%
FGEN D 0.01%
IMVT F 0.01%
ADAP F 0.01%
CHRS D 0.01%
SMMT D 0.01%
XBIT F 0.01%
SUPN C 0.01%
RCKY F 0.01%
FESM Underweight 276 Positions Relative to OPTZ
Symbol Grade Weight
APP B -2.03%
NVDA C -1.44%
CRWD B -1.37%
CRM B -1.37%
TTMI B -1.36%
INTC D -1.31%
DELL C -1.29%
GDDY A -1.27%
NOW A -1.27%
FFIV B -1.25%
ANET C -1.24%
CDNS B -1.21%
MSI B -1.18%
SNPS B -1.16%
WIX B -1.15%
INFN C -1.11%
AAPL C -1.06%
VZIO A -1.04%
AMD F -1.03%
VRSN F -1.03%
BAH F -1.02%
IBM C -1.02%
AMAT F -1.0%
ROP B -1.0%
FSLR F -0.96%
DJT C -0.93%
CRUS D -0.8%
IDCC A -0.78%
ACLS F -0.78%
DIS B -0.77%
NFLX A -0.73%
TMUS B -0.72%
RNG B -0.72%
ZM B -0.71%
EA A -0.66%
META D -0.65%
CMCSA B -0.64%
T A -0.64%
AMC C -0.54%
TSLA B -0.49%
WWW B -0.48%
NCLH B -0.48%
RCL A -0.47%
COIN C -0.42%
RL B -0.39%
LULU C -0.39%
SIG B -0.39%
MAR B -0.39%
DECK A -0.39%
AMZN C -0.38%
LVS C -0.38%
WHR B -0.37%
GRMN B -0.37%
WYNN D -0.36%
BZH B -0.35%
LOW D -0.35%
PCT C -0.34%
FIVE F -0.34%
DPZ C -0.34%
PVH C -0.34%
ORLY B -0.34%
ALV C -0.33%
BURL A -0.33%
TAP C -0.32%
MCD D -0.32%
CHDN B -0.32%
APO B -0.31%
YETI C -0.31%
ENR B -0.31%
ETSY D -0.3%
CHD B -0.3%
ULTA F -0.3%
ROST C -0.29%
DKS C -0.29%
GPC D -0.29%
COST B -0.29%
LC A -0.28%
LEA D -0.28%
TGT F -0.28%
DOLE D -0.27%
SQ B -0.27%
MELI D -0.27%
WBA F -0.27%
STZ D -0.27%
DAN D -0.26%
PEP F -0.26%
CVS D -0.26%
APTV D -0.25%
CL D -0.25%
GS A -0.25%
KKR A -0.25%
FI A -0.25%
AMP A -0.25%
CAL D -0.25%
BG F -0.25%
TROW B -0.24%
ARES A -0.24%
AXP A -0.24%
CROX D -0.24%
BLK C -0.24%
BHF B -0.24%
CINF A -0.23%
AGO B -0.23%
PRU A -0.23%
AIZ A -0.23%
CPAY A -0.23%
GPN B -0.22%
WTW B -0.22%
COOP B -0.22%
LBPH A -0.22%
BR A -0.22%
V A -0.22%
TRV B -0.22%
NATL B -0.21%
GL B -0.21%
PGR A -0.21%
AXON A -0.21%
VRT B -0.21%
AER B -0.21%
BFH B -0.21%
MSCI C -0.21%
BRO B -0.21%
ALL A -0.21%
LDI C -0.2%
ICE C -0.2%
STRL B -0.2%
MKTX D -0.2%
CME A -0.2%
SPGI C -0.2%
HIG B -0.2%
MCO B -0.2%
GATO D -0.2%
RNR C -0.2%
ZIM C -0.2%
NAVI C -0.19%
ACGL D -0.19%
DAL C -0.19%
PMT D -0.19%
CBOE B -0.19%
CB C -0.19%
APD A -0.18%
VMC B -0.18%
GTLS B -0.18%
PAYC B -0.18%
XPO B -0.18%
LPX B -0.18%
EXP A -0.18%
JBLU F -0.17%
AVNT B -0.17%
MLM B -0.17%
HASI D -0.17%
PEN B -0.16%
EMN D -0.16%
SHW A -0.16%
DOCU A -0.16%
PCTY B -0.16%
PWR A -0.16%
ACHR B -0.16%
INCY C -0.16%
GNRC B -0.16%
HON B -0.15%
ECL D -0.15%
HUBB B -0.15%
ESTC C -0.15%
ISRG A -0.15%
TT A -0.15%
ETN A -0.15%
PCAR B -0.15%
PEGA A -0.15%
WAB B -0.15%
JAZZ B -0.15%
PH A -0.15%
URI B -0.15%
TPC C -0.15%
SAIA B -0.15%
PODD C -0.15%
CLOV D -0.15%
PNR A -0.15%
PHIN A -0.14%
THC D -0.14%
STGW B -0.14%
COR B -0.14%
ZBH C -0.14%
DGX A -0.14%
WST C -0.14%
LECO B -0.14%
UTHR C -0.14%
CAH B -0.14%
LIVN F -0.14%
REVG B -0.14%
LIN D -0.14%
DVA B -0.14%
SYK C -0.14%
CAT B -0.14%
UNH C -0.13%
WDAY B -0.13%
BV B -0.13%
VRSK A -0.13%
ALGN D -0.13%
FDX B -0.13%
NBIX C -0.13%
VRTX F -0.13%
SAVA D -0.13%
OSK B -0.13%
WWD B -0.13%
ASH D -0.13%
MANH D -0.13%
AHCO F -0.12%
SHC F -0.12%
AOS F -0.12%
MOH F -0.12%
RPRX D -0.12%
XYL D -0.12%
STE F -0.12%
RSG A -0.12%
DAWN F -0.12%
IQV D -0.11%
EFX F -0.11%
SRPT D -0.11%
BAX D -0.11%
DLR B -0.11%
VNO B -0.11%
BA F -0.11%
ADBE C -0.11%
TMO F -0.11%
UHS D -0.11%
IDXX F -0.11%
EQIX A -0.1%
RHP B -0.1%
CGEM F -0.1%
WELL A -0.1%
SPG B -0.1%
CBRE B -0.1%
OMI F -0.1%
HII D -0.09%
CPT B -0.09%
PEB D -0.09%
NEXT B -0.09%
ELS C -0.09%
PK B -0.09%
CE F -0.09%
LAMR D -0.09%
WY D -0.09%
SBRA C -0.09%
OGN D -0.09%
NMRK B -0.09%
REXR F -0.08%
NVRI F -0.08%
SBAC D -0.08%
EGP F -0.08%
TDW F -0.08%
ICLR D -0.08%
PRIM A -0.08%
CEG D -0.07%
KNTK B -0.07%
BKR B -0.07%
WMB A -0.07%
AMT D -0.07%
TRGP B -0.07%
DTM B -0.07%
ATO A -0.06%
ETR B -0.06%
SLB C -0.06%
OII B -0.06%
WHD B -0.06%
FTI A -0.06%
NRG B -0.06%
EIX B -0.05%
VAL D -0.05%
DUK C -0.05%
DTE C -0.05%
APA D -0.05%
SO D -0.05%
AES F -0.04%
NFE D -0.04%
HE C -0.04%
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