FFSM vs. AGOX ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Adaptive Growth Opportunities ETF (AGOX)

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$27.41

Average Daily Volume

27,951

Number of Holdings ^*

162

* may have additional holdings in another (foreign) market

AGOX

Adaptive Growth Opportunities ETF

AGOX Description

The investment seeks capital appreciation. The fund's portfolio manager seeks to achieve its investment objective of capital appreciation by investing in ETFs that are registered under the Investment Company Act of 1940, as amended and not affiliated with the fund that invest in equity securities of any market capitalization of issuers from a number of countries throughout the world, including emerging market countries. The manager primarily utilizes ETFs and equities but may also use fixed income securities to diversify its asset classes. The fixed income securities in which the fund will invest will be investment grade and may be of any duration or maturity.

Grade (RS Rating)

Last Trade

$29.02

Average Daily Volume

37,866

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	AGOX
30 Days	4.29%	4.73%
60 Days	10.23%	9.10%
90 Days	10.05%	2.39%
12 Months	34.02%	29.44%

7 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in AGOX	Overlap
FSS	D	0.63%	0.3%	0.3%
IESC	A	0.5%	0.34%	0.34%
MDGL	F	0.18%	0.24%	0.18%
MMS	C	0.55%	0.65%	0.55%
RJF	B	0.5%	0.3%	0.3%
TEX	F	0.47%	0.18%	0.18%
VRT	B	0.96%	0.98%	0.96%

FFSM Overweight 155 Positions Relative to AGOX

Symbol	Grade	Weight
EME	B	1.66%
UHS	D	1.57%
FTI	B	1.52%
ACGL	A	1.47%
MUSA	D	1.45%
TPX	C	1.42%
NSIT	B	1.37%
EXP	C	1.32%
FN	B	1.26%
AZO	D	1.24%
AR	C	1.2%
BJ	B	1.19%
CROX	C	1.15%
MOH	F	1.13%
USFD	C	1.13%
ITT	C	1.12%
PFGC	A	1.11%
JLL	C	1.05%
CACI	A	1.05%
CR	A	1.04%
RRX	B	1.03%
WHD	A	1.02%
ORI	A	0.99%
SN	A	0.99%
TMDX	D	0.97%
DKS	D	0.97%
SNX	C	0.97%
LNG	A	0.95%
SNV	D	0.94%
DOX	B	0.93%
AIZ	B	0.9%
DFS	A	0.89%
AIT	B	0.81%
NXST	D	0.79%
RGA	B	0.78%
STX	C	0.77%
VTR	C	0.76%
AYI	A	0.76%
ALSN	A	0.75%
PNFP	B	0.75%
FAF	C	0.75%
BOOT	B	0.74%
PCG	C	0.74%
TGLS	B	0.74%
SF	A	0.72%
GPK	D	0.72%
FCNCA	D	0.72%
BC	C	0.72%
HLI	A	0.7%
ASGN	D	0.68%
ON	F	0.68%
AEIS	B	0.67%
LBRT	D	0.65%
ACM	A	0.65%
NOG	D	0.65%
BECN	D	0.64%
LPLA	D	0.64%
CADE	B	0.63%
VNT	F	0.63%
KBH	D	0.62%
MEDP	F	0.61%
LPX	C	0.61%
G	A	0.61%
XPO	F	0.6%
CMC	D	0.59%
WBS	D	0.58%
CAH	B	0.58%
MTSI	B	0.57%
CBT	B	0.57%
HOLX	D	0.57%
PRI	A	0.56%
AES	C	0.56%
BCO	C	0.55%
ASO	D	0.55%
ESI	C	0.55%
CHDN	C	0.55%
STLD	C	0.54%
CIEN	A	0.53%
EPRT	C	0.53%
KBR	A	0.53%
WTFC	B	0.53%
WIX	D	0.52%
EBC	B	0.52%
CNM	F	0.52%
CRL	F	0.52%
PVH	D	0.51%
AFG	A	0.5%
GMS	B	0.5%
HAYW	C	0.5%
BOKF	B	0.48%
CWK	D	0.48%
TENB	D	0.46%
NOMD	D	0.45%
PRCT	D	0.44%
EAT	A	0.44%
AXTA	C	0.43%
WFRD	F	0.42%
CNXC	F	0.42%
BLDR	C	0.42%
LITE	A	0.41%
OLN	D	0.4%
LW	D	0.39%
ARGX	C	0.39%
CXT	F	0.38%
IP	C	0.37%
MASI	B	0.35%
AZZ	B	0.35%
RUSHA	D	0.35%
COMP	C	0.34%
GTES	C	0.34%
AMN	F	0.34%
GVA	A	0.33%
LEA	F	0.33%
FBP	B	0.32%
MTB	A	0.3%
LCII	C	0.3%
IBTX	B	0.3%
FLEX	B	0.3%
ARCB	F	0.3%
DOOO	F	0.29%
DIOD	F	0.29%
LAUR	C	0.25%
ALGM	F	0.25%
PCVX	C	0.23%
CRNX	C	0.2%
KFRC	F	0.2%
RGEN	F	0.2%
PATK	A	0.19%
CYTK	D	0.19%
AAP	F	0.18%
ACLX	C	0.16%
XPRO	F	0.16%
VCEL	F	0.15%
NUVL	B	0.14%
CLDX	F	0.13%
OMI	F	0.13%
COGT	B	0.12%
ICLR	F	0.12%
CSTM	F	0.12%
ANAB	D	0.12%
AXSM	D	0.11%
LBPH	D	0.11%
TYRA	C	0.11%
ELVN	A	0.1%
XENE	D	0.09%
AUTL	D	0.09%
TCBK	D	0.08%
VRDN	B	0.08%
PBH	D	0.07%
MRUS	D	0.07%
ARVN	F	0.05%
TXG	F	0.02%
KROS	C	0.01%
ALXO	F	0.0%
ZNTL	F	0.0%

FFSM Underweight 69 Positions Relative to AGOX

Symbol	Grade	Weight
LLY	D	-9.22%
AMZN	C	-7.25%
QQQ	B	-6.61%
XLC	A	-3.53%
AVGO	B	-2.86%
NVDA	B	-2.53%
HWM	A	-2.03%
AAPL	C	-1.96%
BSX	A	-1.86%
MSFT	D	-1.59%
SMH	B	-1.47%
CRM	B	-1.4%
PGR	B	-1.3%
GE	B	-1.24%
VRTX	D	-1.05%
VRSK	D	-1.04%
DECK	B	-1.04%
KCE	A	-1.02%
FICO	C	-0.95%
CEG	A	-0.88%
NVO	F	-0.87%
BMI	A	-0.86%
GWW	B	-0.86%
APPF	C	-0.84%
TDG	A	-0.83%
REGN	D	-0.82%
CPRT	B	-0.81%
T	B	-0.8%
ETN	B	-0.79%
CRS	B	-0.76%
INTC	D	-0.75%
XAR	A	-0.67%
SNPS	F	-0.66%
SPSC	D	-0.64%
CBOE	B	-0.59%
SMCI	F	-0.54%
ARGT	C	-0.47%
ANF	D	-0.45%
CDNS	D	-0.45%
AMD	C	-0.43%
PTGX	C	-0.42%
IR	A	-0.42%
BKNG	B	-0.39%
AMP	A	-0.38%
MOG.A	C	-0.37%
ECL	C	-0.29%
GRBK	C	-0.29%
TYL	D	-0.28%
TPH	C	-0.28%
AI	D	-0.26%
HUBB	A	-0.25%
META	A	-0.23%
SWKS	F	-0.22%
BAC	B	-0.21%
AROC	B	-0.2%
WCC	D	-0.2%
MANH	A	-0.2%
WINA	C	-0.2%
SCHW	D	-0.19%
PWR	A	-0.12%
ACLS	F	-0.05%
TSLA	C	-0.05%
SAGE	F	-0.03%
ELF	F	-0.03%
ADI	B	-0.01%
MPC	D	-0.01%
XOM	A	-0.01%
BIO	B	-0.0%
OGIG	A	-0.0%