FFSM vs. CZA ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Guggenheim Mid-Cap Core ETF (CZA)

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

$27.04

Average Daily Volume

22,365

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

CZA

Guggenheim Mid-Cap Core ETF

CZA Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an index called the Zacks Mid-Cap Core Index. The fund will invest at least 90% of its total assets in securities that comprise the index and depositary receipts representing securities that comprise the index. It generally invests in all of the securities comprising the index in proportion to their weightings in the index. The index is comprised of 100 securities selected, based on investment and other criteria, from a universe of mid-capitalization securities including MLPs, ADRs and BDCs.

Grade (RS Rating)

Last Trade

$105.94

Average Daily Volume

4,305

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	CZA
30 Days	1.82%	3.43%
60 Days	3.72%	5.63%
90 Days	7.07%	7.90%
12 Months	26.47%	22.32%

13 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in CZA	Overlap
ACM	B	0.58%	0.91%	0.58%
AIZ	B	0.8%	0.69%	0.69%
ALSN	B	0.72%	0.51%	0.51%
CACI	B	0.99%	0.72%	0.72%
CR	C	1.05%	0.6%	0.6%
FLEX	C	0.3%	0.81%	0.3%
G	C	0.6%	0.49%	0.49%
ITT	C	1.15%	0.77%	0.77%
LPLA	D	0.64%	1.06%	0.64%
PFGC	B	1.03%	0.75%	0.75%
RRX	C	0.99%	0.72%	0.72%
SN	B	0.79%	1.01%	0.79%
VNT	D	0.7%	0.36%	0.36%

FFSM Overweight 156 Positions Relative to CZA

Symbol	Grade	Weight
FTI	D	1.66%
EME	B	1.59%
TPX	C	1.43%
UHS	B	1.42%
MUSA	C	1.42%
AZO	D	1.41%
BJ	D	1.32%
AR	D	1.29%
ACGL	B	1.25%
CROX	C	1.15%
FN	D	1.14%
MOH	C	1.11%
NSIT	C	1.09%
WHD	C	1.07%
TMDX	C	1.07%
EXP	B	1.06%
USFD	B	1.05%
JLL	B	1.03%
SNX	D	0.95%
ORI	A	0.95%
LNG	D	0.94%
DFS	C	0.93%
DOX	C	0.93%
VRT	C	0.91%
DKS	D	0.88%
NXST	D	0.86%
AIT	C	0.86%
RGA	B	0.8%
STX	D	0.79%
LBRT	D	0.76%
AME	C	0.76%
BC	C	0.75%
AYI	B	0.75%
SNV	C	0.74%
AEIS	D	0.74%
GPK	B	0.73%
BECN	D	0.73%
BOOT	B	0.73%
FCNCA	D	0.73%
PNFP	B	0.72%
FAF	B	0.71%
HLI	B	0.68%
PCG	C	0.68%
ASGN	D	0.67%
ON	D	0.67%
MEDP	D	0.66%
CMC	D	0.66%
VTR	C	0.66%
FSS	D	0.66%
CRL	D	0.65%
KBH	B	0.65%
TGLS	B	0.65%
CADE	B	0.63%
XPO	D	0.61%
WBS	C	0.61%
MMS	D	0.61%
ATKR	F	0.61%
LPX	B	0.61%
STLD	D	0.6%
PRI	B	0.59%
CHDN	C	0.58%
HOLX	B	0.58%
CNM	F	0.58%
AES	C	0.58%
CC	F	0.57%
ESI	D	0.56%
KBR	D	0.56%
BCO	B	0.54%
CBT	B	0.54%
MTSI	D	0.53%
ASO	C	0.53%
CIEN	C	0.53%
EBC	B	0.52%
TEX	D	0.52%
WTFC	B	0.52%
CAH	C	0.52%
PVH	F	0.52%
TENB	D	0.51%
SF	A	0.51%
HAYW	C	0.5%
NOMD	B	0.49%
CWK	B	0.49%
EPRT	A	0.49%
AFG	B	0.48%
RJF	C	0.48%
BOKF	B	0.46%
AMN	F	0.44%
AXTA	C	0.43%
OLN	D	0.43%
EAT	B	0.41%
FIBK	B	0.41%
CNXC	D	0.4%
CACC	D	0.4%
CHX	D	0.4%
ARGX	C	0.39%
LW	D	0.38%
LITE	B	0.37%
NOG	D	0.37%
FBP	C	0.36%
GMS	C	0.35%
RUSHA	C	0.35%
IP	B	0.35%
LEA	D	0.35%
PRCT	B	0.35%
GTES	C	0.35%
ARCB	D	0.35%
ESGR	D	0.34%
FROG	F	0.33%
DIOD	F	0.33%
AZZ	C	0.33%
MASI	D	0.31%
MTB	B	0.3%
WIX	D	0.3%
IBTX	B	0.3%
GVA	B	0.3%
LAUR	B	0.29%
DOOO	F	0.29%
COMP	B	0.29%
LCII	C	0.29%
ALGM	F	0.25%
AAP	F	0.25%
PCVX	B	0.22%
RGEN	F	0.22%
MDGL	F	0.21%
KFRC	D	0.21%
CRNX	C	0.2%
CYTK	F	0.2%
XPRO	F	0.19%
PATK	B	0.18%
OMI	D	0.16%
NUVL	C	0.14%
CSTM	D	0.14%
VCEL	D	0.14%
ACLX	B	0.14%
ICLR	D	0.12%
CLDX	C	0.12%
VRDN	C	0.11%
HELE	D	0.11%
ANAB	C	0.11%
LBPH	D	0.1%
AUTL	F	0.1%
AXSM	C	0.1%
EWTX	D	0.1%
TCBK	C	0.09%
XENE	D	0.09%
MRUS	D	0.08%
PBH	B	0.06%
ARVN	F	0.05%
KROS	C	0.02%
TXG	D	0.02%
MORF	A	0.0%
INSM	D	0.0%
ALXO	F	0.0%
ICHR	F	0.0%
OI	D	0.0%
ZNTL	D	0.0%

FFSM Underweight 81 Positions Relative to CZA

Symbol	Grade	Weight
HIG	A	-2.31%
AVB	B	-2.27%
PPG	C	-2.08%
LYB	F	-2.06%
WAB	A	-2.04%
BRO	C	-2.04%
WTW	B	-2.02%
EQR	B	-2.01%
VLTO	C	-1.85%
ETR	A	-1.83%
DTE	B	-1.79%
FTV	C	-1.78%
STT	A	-1.7%
ES	C	-1.63%
AEE	B	-1.53%
CHKP	C	-1.53%
WRB	C	-1.52%
CPAY	B	-1.45%
CINF	B	-1.44%
LDOS	C	-1.42%
BAX	C	-1.39%
TDY	C	-1.39%
BAH	B	-1.36%
CSL	C	-1.34%
PFG	B	-1.29%
PKG	B	-1.26%
J	D	-1.24%
SUI	B	-1.24%
NTRS	B	-1.24%
WLK	D	-1.23%
AER	C	-1.22%
AVY	D	-1.21%
FOX	B	-1.17%
EG	B	-1.12%
RPM	B	-1.1%
UDR	B	-1.05%
IEX	D	-1.04%
NI	B	-1.02%
WMG	D	-1.0%
GGG	C	-0.96%
GLPI	B	-0.96%
TRMB	C	-0.95%
REG	C	-0.95%
CNA	C	-0.92%
BAP	A	-0.92%
RNR	B	-0.91%
LOGI	D	-0.91%
EMN	B	-0.83%
EPAM	D	-0.81%
NVT	D	-0.75%
QGEN	B	-0.73%
ATR	B	-0.7%
SKX	C	-0.7%
WWD	D	-0.7%
HII	C	-0.69%
EGP	B	-0.62%
SEIC	B	-0.6%
INGR	A	-0.6%
BWXT	D	-0.6%
COLD	D	-0.56%
WEX	C	-0.56%
MOS	F	-0.55%
AWI	B	-0.55%
VOYA	A	-0.51%
IVZ	C	-0.49%
BPOP	C	-0.47%
ESNT	B	-0.46%
OSK	D	-0.45%
LFUS	D	-0.43%
ESAB	C	-0.42%
PFSI	B	-0.4%
RRR	D	-0.39%
MDU	B	-0.38%
ACT	A	-0.38%
SLGN	B	-0.37%
BLCO	B	-0.37%
FNB	D	-0.34%
FLO	C	-0.33%
FELE	C	-0.31%
SEM	D	-0.31%
ZGN	F	-0.28%