FFLC vs. FMET ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Fidelity Metaverse ETF (FMET)
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

$46.24

Average Daily Volume

89,511

Number of Holdings *

87

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

Fidelity Metaverse ETF

FMET Description The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.22

Average Daily Volume

5,256

Number of Holdings *

36

* may have additional holdings in another (foreign) market
Performance
Period FFLC FMET
30 Days 1.34% -0.95%
60 Days 5.49% 2.89%
90 Days 6.52% 1.91%
12 Months 37.86% 10.69%
5 Overlapping Holdings
Symbol Grade Weight in FFLC Weight in FMET Overlap
AAPL C 4.26% 4.27% 4.26%
GOOGL C 3.2% 4.73% 3.2%
META B 4.7% 4.77% 4.7%
MSFT C 6.98% 4.32% 4.32%
NVDA A 5.71% 5.75% 5.71%
FFLC Overweight 82 Positions Relative to FMET
Symbol Grade Weight
AMZN A 2.89%
XOM B 2.88%
BAC A 2.18%
AVGO C 1.98%
LLY F 1.85%
WFC A 1.82%
SO D 1.72%
UNH B 1.72%
CMCSA B 1.69%
GE D 1.61%
BSX A 1.35%
FI A 1.34%
V A 1.31%
EIX C 1.31%
CI D 1.23%
TMO F 1.18%
SAP B 1.15%
CSCO A 1.1%
LOW B 1.06%
CEG D 1.06%
KVUE A 1.04%
ETN B 1.02%
PNC B 1.01%
KDP C 1.0%
INTU A 1.0%
ORCL A 0.97%
TSM C 0.97%
KO F 0.94%
USB B 0.94%
URI B 0.92%
BMY B 0.92%
GEV B 0.87%
TRV B 0.87%
MA B 0.85%
APH B 0.85%
MOD D 0.84%
ALSN B 0.83%
UPS C 0.78%
RPRX F 0.76%
REGN F 0.75%
CB C 0.73%
BA F 0.72%
VRT B 0.66%
HRB D 0.64%
ELV F 0.63%
COST B 0.63%
ABBV F 0.61%
UBER F 0.61%
CCI F 0.61%
APO B 0.61%
KNX C 0.59%
FDX B 0.58%
WSO B 0.56%
NVO F 0.53%
DOX C 0.53%
HLT A 0.52%
MLM B 0.49%
AMT F 0.43%
DEO F 0.43%
MAR A 0.42%
AJG A 0.41%
WSM F 0.4%
GD C 0.38%
GEN B 0.37%
COR B 0.37%
LEN D 0.36%
ABNB C 0.33%
GSK F 0.3%
HII F 0.29%
GILD B 0.27%
NOC D 0.25%
TMUS A 0.2%
LIN D 0.2%
MELI D 0.2%
DKS D 0.19%
SPR F 0.19%
ASML D 0.18%
SPG A 0.18%
IP B 0.18%
KBR D 0.17%
LNG B 0.03%
MRVL B 0.02%
FFLC Underweight 31 Positions Relative to FMET
Symbol Grade Weight
AMD F -4.56%
QCOM F -4.19%
INTC C -4.16%
ADBE C -3.9%
EQIX B -3.38%
ADSK B -3.24%
DLR C -3.13%
EA A -2.51%
RBLX B -2.37%
TTWO A -2.34%
PTC B -2.2%
SNAP C -2.0%
PINS F -1.77%
GLOB B -1.68%
BSY F -1.59%
ALTR C -1.45%
U F -1.37%
SMCI F -1.15%
CRUS F -1.04%
AMBA C -1.03%
FSLY D -0.83%
EXPI C -0.82%
MOMO C -0.72%
BMBL C -0.71%
WB F -0.7%
VNET D -0.69%
HIMX F -0.67%
DAVA D -0.66%
PLTK B -0.64%
TWKS B -0.54%
HEAR C -0.52%
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