FFLC vs. CSM ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to ProShares Large Cap Core Plus (CSM)

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.70

Average Daily Volume

97,360

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.32

Average Daily Volume

6,508

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	CSM
30 Days	5.05%	4.80%
60 Days	12.18%	11.72%
90 Days	3.63%	4.34%
12 Months	43.15%	36.42%

67 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in CSM	Overlap
AAPL	C	4.51%	4.74%	4.51%
ABNB	D	0.5%	0.2%	0.2%
ACGL	A	0.24%	0.36%	0.24%
ADBE	F	1.41%	0.23%	0.23%
AMD	C	1.27%	0.19%	0.19%
AMZN	C	3.26%	2.42%	2.42%
APTV	D	0.71%	0.28%	0.28%
BAC	B	0.9%	0.27%	0.27%
BKR	B	0.7%	0.33%	0.33%
BLDR	C	0.39%	0.17%	0.17%
CAT	A	0.75%	0.11%	0.11%
CBRE	C	0.39%	0.33%	0.33%
CE	D	0.49%	0.32%	0.32%
CI	D	0.52%	0.42%	0.42%
CLX	C	0.47%	0.06%	0.06%
CMCSA	B	1.16%	0.22%	0.22%
CMG	C	0.42%	0.04%	0.04%
CNC	F	0.51%	0.35%	0.35%
CRM	B	0.98%	0.72%	0.72%
CSCO	A	0.44%	0.17%	0.17%
DHR	D	0.82%	0.04%	0.04%
DIS	D	0.57%	0.1%	0.1%
EL	D	0.27%	0.38%	0.27%
ETN	B	1.05%	0.4%	0.4%
FCX	B	0.75%	0.15%	0.15%
FSLR	C	0.25%	0.11%	0.11%
GE	B	0.9%	0.6%	0.6%
GILD	A	0.29%	0.44%	0.29%
GOOGL	B	2.4%	1.19%	1.19%
HES	D	0.32%	0.13%	0.13%
HOLX	D	0.28%	0.12%	0.12%
HWM	A	0.67%	0.36%	0.36%
INTU	F	0.92%	0.55%	0.55%
IR	A	0.73%	0.32%	0.32%
JBL	C	0.67%	0.08%	0.08%
JPM	C	0.98%	0.64%	0.64%
KDP	C	0.63%	0.14%	0.14%
KO	C	0.73%	0.15%	0.15%
LEN	C	0.39%	0.37%	0.37%
LIN	C	0.81%	0.09%	0.09%
LLY	D	1.93%	1.07%	1.07%
LMT	A	0.68%	0.47%	0.47%
META	A	2.57%	1.63%	1.63%
MMC	D	0.53%	0.04%	0.04%
MRK	F	0.26%	0.73%	0.26%
MSFT	D	7.7%	4.59%	4.59%
MU	D	0.14%	0.53%	0.14%
NFLX	A	1.06%	0.41%	0.41%
NOC	B	0.6%	0.4%	0.4%
NVDA	B	3.39%	4.42%	3.39%
ON	F	0.69%	0.13%	0.13%
ORCL	A	0.79%	0.11%	0.11%
PH	A	1.02%	0.33%	0.33%
RL	B	0.51%	0.32%	0.32%
SLB	D	0.6%	0.31%	0.31%
SNPS	F	0.44%	0.42%	0.42%
SO	A	0.82%	0.28%	0.28%
TJX	D	1.2%	0.5%	0.5%
TMO	D	1.03%	0.66%	0.66%
TT	A	0.26%	0.45%	0.26%
UBER	C	1.04%	0.46%	0.46%
UNH	B	1.72%	0.56%	0.56%
URI	C	0.37%	0.13%	0.13%
V	B	1.63%	0.39%	0.39%
WFC	B	1.08%	0.13%	0.13%
WMT	A	0.49%	0.24%	0.24%
XOM	A	1.49%	0.53%	0.53%

FFLC Overweight 66 Positions Relative to CSM

Symbol	Grade	Weight
BA	F	1.31%
BSX	A	1.23%
CB	A	0.97%
NKE	D	0.92%
PWR	A	0.92%
KVUE	C	0.88%
REGN	D	0.76%
SHOP	B	0.69%
NXPI	F	0.68%
SYK	C	0.67%
GNRC	B	0.66%
CEG	A	0.66%
VST	A	0.65%
BKNG	B	0.61%
MS	A	0.6%
BJ	B	0.58%
TSM	B	0.58%
PFGC	A	0.57%
ADI	B	0.55%
FLEX	B	0.52%
LNG	A	0.51%
HLT	A	0.49%
MLM	F	0.48%
AZN	D	0.47%
VRT	B	0.46%
NVR	C	0.45%
BWXT	A	0.45%
WDAY	D	0.44%
DT	B	0.43%
KBR	A	0.42%
ESI	C	0.42%
ARES	A	0.41%
FCN	C	0.41%
SPOT	C	0.4%
ITT	C	0.39%
FOUR	A	0.39%
AVY	D	0.38%
EDR	A	0.37%
GS	B	0.33%
WSC	D	0.32%
HLI	A	0.32%
TRNO	D	0.32%
FTI	B	0.29%
MDB	D	0.27%
CHDN	C	0.27%
SAM	D	0.27%
GLPI	C	0.26%
ASML	F	0.25%
NVO	F	0.25%
AR	C	0.24%
FND	C	0.24%
TER	C	0.22%
WST	D	0.22%
DKS	D	0.21%
STZ	D	0.2%
WNS	F	0.19%
ESS	D	0.18%
FAF	C	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	A	0.16%
MASI	B	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 240 Positions Relative to CSM

Symbol	Grade	Weight
AVGO	B	-1.34%
BRK.A	B	-1.01%
GOOG	B	-0.97%
TSLA	C	-0.77%
BMY	A	-0.46%
VRTX	D	-0.46%
TMUS	A	-0.45%
JNJ	D	-0.44%
PG	D	-0.44%
ABBV	C	-0.41%
BDX	C	-0.4%
CME	A	-0.4%
RCL	B	-0.39%
APH	D	-0.38%
MCK	F	-0.37%
KR	C	-0.37%
TEL	D	-0.37%
ALL	A	-0.37%
MA	A	-0.37%
EMR	B	-0.37%
PLD	D	-0.37%
TGT	C	-0.36%
AME	C	-0.36%
KMB	D	-0.36%
EIX	C	-0.35%
WY	C	-0.35%
CTSH	B	-0.35%
GM	D	-0.35%
EMN	C	-0.35%
PEP	F	-0.35%
HIG	A	-0.35%
MTD	C	-0.35%
PHM	C	-0.35%
OTIS	A	-0.35%
CCL	C	-0.35%
NRG	A	-0.35%
APD	C	-0.35%
FANG	D	-0.34%
A	B	-0.34%
STX	C	-0.34%
NCLH	C	-0.34%
RJF	B	-0.34%
TROW	D	-0.34%
TRGP	A	-0.34%
ETR	A	-0.34%
WYNN	B	-0.34%
XEL	C	-0.34%
CDNS	D	-0.34%
LYV	A	-0.34%
SWK	C	-0.34%
AAL	D	-0.33%
FFIV	B	-0.33%
HST	D	-0.33%
BRO	A	-0.33%
GDDY	B	-0.33%
COST	C	-0.33%
HPQ	B	-0.33%
DTE	B	-0.33%
LYB	B	-0.33%
AVB	C	-0.33%
LDOS	A	-0.33%
SYF	A	-0.33%
RSG	D	-0.33%
IVZ	A	-0.33%
GRMN	D	-0.32%
PNR	C	-0.32%
AIZ	B	-0.32%
EQR	C	-0.32%
CAH	B	-0.32%
VTR	C	-0.32%
ANET	A	-0.32%
UHS	D	-0.32%
SNA	C	-0.32%
CNP	B	-0.32%
HII	F	-0.31%
INCY	B	-0.31%
CPT	C	-0.31%
CBOE	B	-0.31%
L	C	-0.31%
TAP	D	-0.31%
DVN	F	-0.31%
HD	A	-0.31%
BAX	D	-0.31%
BEN	F	-0.31%
EXC	C	-0.31%
MAR	A	-0.3%
XYL	C	-0.3%
QRVO	F	-0.3%
BBY	C	-0.3%
INVH	D	-0.3%
CVS	D	-0.3%
BK	A	-0.3%
TSN	D	-0.3%
MAA	D	-0.29%
UAL	A	-0.29%
EG	A	-0.29%
IQV	F	-0.29%
PRU	B	-0.29%
FRT	D	-0.29%
MTB	A	-0.29%
FDX	F	-0.28%
CRL	F	-0.28%
FTNT	A	-0.28%
DHI	C	-0.28%
PCG	C	-0.28%
IEX	D	-0.28%
LULU	D	-0.27%
STE	D	-0.27%
BG	F	-0.27%
ROL	C	-0.27%
MDT	C	-0.27%
TFX	C	-0.27%
VTRS	D	-0.27%
TXT	F	-0.27%
AES	C	-0.27%
ATO	A	-0.26%
DG	F	-0.26%
AMAT	C	-0.26%
NTRS	B	-0.26%
SWKS	F	-0.26%
EQIX	C	-0.26%
PPG	D	-0.26%
VRSN	C	-0.26%
WELL	C	-0.25%
FOXA	B	-0.25%
HBAN	B	-0.25%
CSX	D	-0.25%
WDC	C	-0.25%
MET	A	-0.25%
WAB	A	-0.25%
INTC	D	-0.25%
PAYC	D	-0.25%
PYPL	A	-0.24%
OMC	C	-0.24%
HAL	D	-0.23%
GL	C	-0.23%
AKAM	D	-0.23%
COF	A	-0.23%
GEHC	C	-0.23%
APA	F	-0.23%
MSI	A	-0.22%
LRCX	D	-0.21%
RMD	C	-0.21%
PARA	F	-0.2%
SJM	D	-0.2%
NI	A	-0.2%
T	B	-0.2%
MOH	F	-0.19%
MGM	D	-0.19%
ZTS	C	-0.18%
HCA	C	-0.18%
EA	D	-0.18%
PANW	B	-0.18%
IBM	A	-0.17%
CFG	C	-0.17%
BIIB	F	-0.17%
TPR	B	-0.16%
OKE	A	-0.16%
BX	C	-0.16%
BWA	C	-0.16%
PSA	C	-0.16%
CRWD	D	-0.16%
GPC	D	-0.16%
F	D	-0.15%
CVX	B	-0.15%
DFS	A	-0.15%
ADSK	B	-0.15%
PNW	C	-0.14%
WTW	C	-0.14%
SYY	D	-0.14%
PFE	D	-0.14%
SPG	A	-0.14%
EBAY	A	-0.14%
FITB	C	-0.14%
MSCI	B	-0.14%
WBA	F	-0.14%
QCOM	D	-0.14%
KHC	F	-0.13%
BR	B	-0.13%
JKHY	A	-0.13%
IPG	D	-0.13%
PSX	D	-0.13%
STLD	C	-0.13%
ALLE	A	-0.12%
CAG	D	-0.12%
NWSA	D	-0.12%
ROP	D	-0.12%
NOW	B	-0.12%
TDY	A	-0.12%
CPB	D	-0.11%
LKQ	F	-0.11%
FE	C	-0.11%
PFG	A	-0.11%
CTVA	A	-0.1%
KMI	A	-0.1%
TRV	B	-0.1%
BBWI	F	-0.09%
LNT	B	-0.09%
NUE	D	-0.09%
MTCH	B	-0.09%
DOC	C	-0.08%
DXCM	F	-0.08%
VLO	F	-0.08%
ISRG	C	-0.08%
WRB	C	-0.08%
FIS	A	-0.07%
PAYX	B	-0.07%
DLR	C	-0.07%
FTV	C	-0.07%
DAY	C	-0.07%
AOS	C	-0.07%
NEM	C	-0.07%
DPZ	D	-0.06%
SMCI	F	-0.06%
ABT	C	-0.06%
VZ	C	-0.06%
PGR	B	-0.06%
CHD	D	-0.06%
MKC	C	-0.06%
HRL	F	-0.06%
MNST	D	-0.06%
LOW	C	-0.05%
RF	B	-0.05%
MAS	C	-0.05%
ACN	B	-0.05%
PM	D	-0.04%
WM	B	-0.04%
FAST	C	-0.04%
CSGP	F	-0.04%
PTC	B	-0.04%
ARE	D	-0.04%
EPAM	F	-0.04%
TRMB	B	-0.04%
AMGN	D	-0.04%
J	F	-0.04%
MCD	A	-0.04%
FDS	C	-0.04%
ROST	D	-0.04%
LVS	B	-0.04%
PKG	B	-0.04%