FFSM vs. MDYG ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to SPDR S&P 400 Mid Cap Growth ETF (MDYG)

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

$26.34

Average Daily Volume

21,836

Number of Holdings ^*

167

* may have additional holdings in another (foreign) market

MDYG

SPDR S&P 400 Mid Cap Growth ETF

MDYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization growth sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$85.67

Average Daily Volume

350,843

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	MDYG
30 Days	6.37%	2.68%
60 Days	3.68%	0.47%
90 Days	8.68%	2.21%
12 Months	18.64%	18.07%

40 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in MDYG	Overlap
ACHC	D	0.02%	0.43%	0.02%
ACM	B	0.59%	0.39%	0.39%
AIT	B	0.8%	0.57%	0.57%
ALGM	F	0.33%	0.04%	0.04%
AYI	D	0.81%	0.27%	0.27%
BC	C	0.79%	0.23%	0.23%
BCO	B	0.53%	0.33%	0.33%
CACI	A	0.95%	0.25%	0.25%
CBT	C	0.58%	0.25%	0.25%
CHDN	B	0.55%	0.65%	0.55%
CHX	C	0.4%	0.3%	0.3%
CIEN	B	0.56%	0.2%	0.2%
CNM	C	0.66%	0.36%	0.36%
CR	B	1.02%	0.53%	0.53%
CROX	D	1.39%	0.54%	0.54%
CYTK	D	0.11%	0.21%	0.11%
DKS	D	1.03%	0.44%	0.44%
DT	F	0.59%	0.73%	0.59%
EME	D	1.71%	1.17%	1.17%
EXLS	C	0.01%	0.22%	0.01%
EXP	B	0.95%	0.58%	0.58%
HLI	B	0.64%	0.54%	0.54%
ITT	B	1.12%	0.79%	0.79%
KBH	B	0.55%	0.21%	0.21%
KBR	B	0.63%	0.28%	0.28%
LPX	B	0.6%	0.28%	0.28%
LSCC	F	0.01%	0.52%	0.01%
MEDP	D	0.69%	0.61%	0.61%
MMS	B	0.6%	0.28%	0.28%
MTSI	D	0.55%	0.24%	0.24%
MUSA	A	1.28%	0.66%	0.66%
OLN	F	0.52%	0.15%	0.15%
PGNY	D	0.01%	0.17%	0.01%
PNFP	B	0.62%	0.21%	0.21%
PRI	A	0.59%	0.59%	0.59%
RGEN	B	0.21%	0.5%	0.21%
TEX	C	0.51%	0.17%	0.17%
TPX	C	1.45%	0.62%	0.62%
VNT	F	0.75%	0.42%	0.42%
XPO	B	0.91%	0.41%	0.41%

FFSM Overweight 127 Positions Relative to MDYG

Symbol	Grade	Weight
VRT	D	1.71%
AR	D	1.66%
FTI	B	1.54%
ACGL	D	1.39%
BJ	C	1.37%
AZO	A	1.31%
UHS	A	1.3%
FN	D	1.29%
SNX	D	1.09%
PFGC	D	1.08%
LPLA	F	1.07%
USFD	C	1.06%
TMDX	B	1.06%
MOH	C	1.06%
NSIT	C	0.99%
RRX	B	0.96%
WHD	B	0.96%
ORI	A	0.91%
DOX	B	0.88%
JLL	A	0.86%
LNG	A	0.84%
AIZ	B	0.83%
DFS	B	0.82%
SN	C	0.82%
GVA	B	0.8%
NXST	B	0.8%
AME	D	0.78%
RGA	A	0.77%
STX	C	0.75%
AES	D	0.73%
FAF	B	0.72%
PCG	A	0.72%
PVH	F	0.71%
GPK	B	0.71%
AEIS	C	0.71%
BECN	B	0.71%
ATKR	F	0.71%
ON	D	0.7%
ASGN	D	0.69%
BOOT	B	0.68%
TGLS	C	0.66%
CMC	B	0.65%
SNV	B	0.65%
G	B	0.64%
FSS	B	0.64%
ALSN	A	0.64%
VTR	A	0.64%
STLD	C	0.63%
FCNCA	B	0.62%
CC	F	0.61%
CADE	C	0.58%
CRL	B	0.58%
LBRT	B	0.58%
WBS	C	0.56%
CAH	B	0.54%
RJF	F	0.54%
HOLX	A	0.54%
HAYW	B	0.51%
ESI	C	0.51%
WTFC	B	0.5%
AFG	B	0.5%
TENB	D	0.49%
NOMD	B	0.47%
EPRT	B	0.46%
EBC	C	0.45%
EAT	D	0.45%
CACC	D	0.44%
BOKF	C	0.43%
CWK	C	0.43%
ASO	F	0.38%
PRCT	C	0.38%
LEA	C	0.38%
OI	C	0.38%
NOG	B	0.37%
AZZ	C	0.36%
FIBK	C	0.36%
CNXC	C	0.36%
LW	F	0.35%
FLEX	D	0.35%
ICHR	F	0.34%
GTES	B	0.34%
ESGR	B	0.34%
FBP	B	0.33%
LAUR	B	0.33%
INSM	B	0.32%
RUSHA	A	0.32%
LITE	C	0.32%
DIOD	C	0.32%
DOOO	C	0.3%
ARGX	A	0.3%
SF	B	0.29%
AAP	D	0.28%
FROG	C	0.28%
LCII	C	0.28%
MTB	B	0.27%
FIVN	D	0.25%
COMP	C	0.25%
IBTX	C	0.24%
HELE	F	0.22%
XPRO	C	0.19%
CSTM	F	0.19%
KFRC	B	0.19%
MDGL	B	0.18%
PATK	B	0.18%
OMI	C	0.18%
CRNX	B	0.17%
VCEL	C	0.14%
ECPG	C	0.14%
ICLR	B	0.12%
NUVL	C	0.12%
EWTX	C	0.11%
CLDX	C	0.11%
PCVX	C	0.1%
ACLX	C	0.1%
VRDN	B	0.09%
AXSM	B	0.09%
XENE	B	0.08%
TCBK	C	0.07%
PBH	B	0.06%
ARVN	D	0.06%
MORF	B	0.04%
TXG	F	0.03%
ZNTL	F	0.02%
KROS	C	0.02%
PRO	F	0.01%
WSC	C	0.01%
ALXO	F	0.0%

FFSM Underweight 205 Positions Relative to MDYG

Symbol	Grade	Weight
CSL	C	-1.38%
WSM	C	-1.37%
LII	B	-1.26%
PSTG	D	-1.22%
RS	C	-1.19%
WSO	C	-1.12%
MANH	B	-1.09%
OC	B	-1.07%
BLD	C	-1.01%
NBIX	A	-1.01%
CASY	B	-0.99%
TOL	B	-0.99%
RBA	C	-0.99%
GGG	C	-0.98%
LECO	C	-0.82%
WMS	C	-0.81%
NVT	D	-0.8%
OVV	F	-0.78%
CLH	A	-0.77%
TTEK	A	-0.77%
TXRH	A	-0.77%
WWD	D	-0.76%
SRPT	C	-0.75%
FIX	C	-0.75%
WING	D	-0.74%
CHRD	D	-0.73%
SAIA	F	-0.72%
TPL	B	-0.7%
FND	F	-0.7%
ELF	D	-0.69%
OLED	C	-0.68%
KNSL	B	-0.67%
BURL	A	-0.65%
ONTO	F	-0.64%
LNW	A	-0.64%
BWXT	B	-0.62%
TREX	D	-0.61%
BMRN	C	-0.61%
NYT	B	-0.6%
SKX	D	-0.59%
WFRD	C	-0.59%
RBC	B	-0.58%
MORN	B	-0.58%
RPM	A	-0.56%
ELS	A	-0.55%
SSD	C	-0.55%
ANF	D	-0.54%
PR	F	-0.54%
FCN	C	-0.54%
HRB	A	-0.54%
UFPI	B	-0.54%
AXTA	A	-0.53%
RRC	F	-0.53%
LNTH	C	-0.53%
WEX	D	-0.52%
IBKR	D	-0.51%
AVTR	B	-0.5%
MTDR	D	-0.49%
HALO	B	-0.49%
CELH	F	-0.49%
SWN	F	-0.49%
EQH	B	-0.48%
CW	A	-0.48%
MSA	C	-0.48%
AMH	C	-0.47%
PEN	F	-0.47%
EWBC	B	-0.46%
H	C	-0.46%
GTLS	C	-0.46%
UTHR	B	-0.46%
EXEL	A	-0.46%
RNR	A	-0.45%
PCTY	C	-0.45%
PLNT	C	-0.45%
CIVI	D	-0.45%
DUOL	F	-0.44%
RYAN	A	-0.43%
RMBS	F	-0.43%
EVR	B	-0.42%
LAMR	B	-0.42%
ERIE	A	-0.42%
OLLI	B	-0.41%
CUBE	B	-0.41%
AAON	C	-0.41%
SCI	B	-0.4%
GLPI	B	-0.4%
DBX	C	-0.4%
VVV	B	-0.4%
WTS	B	-0.39%
ESAB	C	-0.39%
ATR	A	-0.39%
QLYS	D	-0.38%
EGP	A	-0.38%
COKE	A	-0.36%
DCI	B	-0.35%
CG	B	-0.34%
WTRG	A	-0.34%
VAL	C	-0.34%
CHE	B	-0.34%
ALTR	D	-0.34%
CCK	B	-0.33%
APPF	D	-0.33%
TTC	C	-0.33%
WLK	D	-0.32%
GNTX	F	-0.32%
RGLD	A	-0.32%
MTN	D	-0.32%
LSTR	B	-0.32%
LFUS	B	-0.31%
LOPE	A	-0.31%
DTM	A	-0.31%
ALV	D	-0.3%
EHC	A	-0.29%
REXR	B	-0.29%
GXO	C	-0.29%
WH	B	-0.28%
BYD	C	-0.28%
NOVT	C	-0.27%
MKSI	D	-0.27%
NEU	B	-0.27%
CNX	B	-0.27%
BRKR	D	-0.27%
CRUS	C	-0.27%
FIVE	F	-0.27%
CGNX	D	-0.26%
SLAB	F	-0.26%
RLI	A	-0.26%
SFM	A	-0.25%
HQY	D	-0.25%
COTY	F	-0.25%
OHI	A	-0.25%
STAG	A	-0.25%
BRBR	D	-0.24%
ARWR	C	-0.24%
MIDD	B	-0.24%
SEIC	B	-0.23%
FR	A	-0.23%
PK	F	-0.22%
CBSH	B	-0.22%
KNF	C	-0.22%
CFR	C	-0.22%
CVLT	B	-0.22%
WMG	F	-0.22%
BRX	A	-0.22%
OPCH	C	-0.21%
FLS	B	-0.21%
MASI	F	-0.21%
SIGI	D	-0.21%
NNN	A	-0.21%
TDC	F	-0.21%
INGR	A	-0.2%
AM	C	-0.2%
MAT	B	-0.2%
KEX	C	-0.2%
JAZZ	C	-0.2%
VOYA	D	-0.2%
EXPO	B	-0.19%
TKO	C	-0.19%
HAE	C	-0.19%
OZK	C	-0.18%
HWC	C	-0.18%
HXL	D	-0.18%
DLB	F	-0.18%
MUR	F	-0.17%
MTG	B	-0.17%
TNL	C	-0.16%
EEFT	F	-0.16%
EPR	A	-0.15%
YETI	D	-0.15%
TKR	B	-0.15%
MSM	C	-0.15%
SAIC	C	-0.15%
SLM	B	-0.14%
BLKB	C	-0.14%
FFIN	B	-0.14%
POWI	F	-0.14%
AZTA	B	-0.14%
NSP	C	-0.13%
LANC	B	-0.13%
GATX	C	-0.13%
CPRI	D	-0.13%
CAR	F	-0.13%
ENS	B	-0.13%
IDA	A	-0.13%
RH	B	-0.13%
SHC	B	-0.12%
DOCS	C	-0.12%
IRDM	C	-0.12%
HGV	D	-0.12%
RYN	B	-0.11%
IBOC	C	-0.11%
VC	C	-0.1%
SYNA	F	-0.1%
NSA	C	-0.1%
CHH	B	-0.1%
WEN	C	-0.1%
COLM	D	-0.09%
AMED	A	-0.09%
IPGP	F	-0.08%
SMG	B	-0.08%
WOLF	F	-0.08%
SAM	F	-0.08%
LIVN	F	-0.07%
ZI	F	-0.07%
MP	F	-0.05%