FFSM vs. MDYV ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV 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 "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value 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 value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$79.28

Average Daily Volume

93,489

Number of Holdings ^*

285

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	MDYV
30 Days	4.29%	3.32%
60 Days	10.23%	9.58%
90 Days	10.05%	10.64%
12 Months	34.02%	28.25%

46 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in MDYV	Overlap
ACM	A	0.65%	0.53%	0.53%
AFG	A	0.5%	0.7%	0.5%
ALGM	F	0.25%	0.16%	0.16%
AR	C	1.2%	0.6%	0.6%
ASGN	D	0.68%	0.3%	0.3%
AYI	A	0.76%	0.32%	0.32%
BC	C	0.72%	0.15%	0.15%
BJ	B	1.19%	0.8%	0.8%
CACI	A	1.05%	0.51%	0.51%
CADE	B	0.63%	0.4%	0.4%
CBT	B	0.57%	0.14%	0.14%
CIEN	A	0.53%	0.37%	0.37%
CMC	D	0.59%	0.45%	0.45%
CNM	F	0.52%	0.26%	0.26%
CNXC	F	0.42%	0.17%	0.17%
CXT	F	0.38%	0.19%	0.19%
CYTK	D	0.19%	0.24%	0.19%
DKS	D	0.97%	0.4%	0.4%
FAF	C	0.75%	0.48%	0.48%
G	A	0.61%	0.46%	0.46%
GPK	D	0.72%	0.64%	0.64%
JLL	C	1.05%	0.9%	0.9%
KBH	D	0.62%	0.22%	0.22%
KBR	A	0.53%	0.34%	0.34%
LEA	F	0.33%	0.43%	0.33%
LITE	A	0.41%	0.3%	0.3%
LPX	C	0.61%	0.17%	0.17%
MASI	B	0.35%	0.16%	0.16%
MMS	C	0.55%	0.11%	0.11%
MTSI	B	0.57%	0.16%	0.16%
NXST	D	0.79%	0.36%	0.36%
OLN	D	0.4%	0.24%	0.24%
ORI	A	0.99%	0.6%	0.6%
PFGC	A	1.11%	0.87%	0.87%
PNFP	B	0.75%	0.3%	0.3%
PVH	D	0.51%	0.39%	0.39%
RGA	B	0.78%	1.02%	0.78%
RRX	B	1.03%	0.78%	0.78%
SF	A	0.72%	0.68%	0.68%
SNV	D	0.94%	0.44%	0.44%
SNX	C	0.97%	0.63%	0.63%
TEX	F	0.47%	0.11%	0.11%
USFD	C	1.13%	1.08%	1.08%
WBS	D	0.58%	0.55%	0.55%
WTFC	B	0.53%	0.5%	0.5%
XPO	F	0.6%	0.47%	0.47%

FFSM Overweight 116 Positions Relative to MDYV

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%
CROX	C	1.15%
MOH	F	1.13%
ITT	C	1.12%
CR	A	1.04%
WHD	A	1.02%
SN	A	0.99%
TMDX	D	0.97%
VRT	B	0.96%
LNG	A	0.95%
DOX	B	0.93%
AIZ	B	0.9%
DFS	A	0.89%
AIT	B	0.81%
STX	C	0.77%
VTR	C	0.76%
ALSN	A	0.75%
BOOT	B	0.74%
PCG	C	0.74%
TGLS	B	0.74%
FCNCA	D	0.72%
HLI	A	0.7%
ON	F	0.68%
AEIS	B	0.67%
LBRT	D	0.65%
NOG	D	0.65%
BECN	D	0.64%
LPLA	D	0.64%
FSS	D	0.63%
VNT	F	0.63%
MEDP	F	0.61%
CAH	B	0.58%
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%
EPRT	C	0.53%
WIX	D	0.52%
EBC	B	0.52%
CRL	F	0.52%
IESC	A	0.5%
RJF	B	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%
BLDR	C	0.42%
LW	D	0.39%
ARGX	C	0.39%
IP	C	0.37%
AZZ	B	0.35%
RUSHA	D	0.35%
COMP	C	0.34%
GTES	C	0.34%
AMN	F	0.34%
GVA	A	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%
PCVX	C	0.23%
CRNX	C	0.2%
KFRC	F	0.2%
RGEN	F	0.2%
PATK	A	0.19%
AAP	F	0.18%
MDGL	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 239 Positions Relative to MDYV

Symbol	Grade	Weight
ILMN	B	-1.47%
CHK	C	-1.2%
FNF	C	-1.14%
THC	D	-1.12%
COHR	B	-0.97%
WPC	C	-0.96%
AVTR	D	-0.72%
JEF	A	-0.72%
ARMK	C	-0.72%
UNM	A	-0.72%
AA	B	-0.72%
CNH	C	-0.7%
ALLY	F	-0.68%
UTHR	C	-0.63%
LAD	C	-0.61%
GME	D	-0.61%
KNX	D	-0.61%
OGE	C	-0.59%
GMED	B	-0.57%
FHN	D	-0.57%
GLPI	C	-0.57%
FLR	B	-0.57%
FYBR	C	-0.56%
X	F	-0.56%
BERY	C	-0.55%
MTZ	A	-0.54%
ADC	C	-0.54%
WCC	D	-0.53%
TMHC	C	-0.52%
RPM	A	-0.51%
AAL	D	-0.51%
SSB	C	-0.51%
DINO	F	-0.51%
ARW	C	-0.5%
PB	D	-0.48%
ZION	D	-0.48%
ESNT	A	-0.48%
VNO	B	-0.47%
BURL	C	-0.47%
SFM	A	-0.47%
FBIN	C	-0.47%
REXR	D	-0.47%
NOV	F	-0.46%
OSK	F	-0.46%
RNR	A	-0.46%
BIO	B	-0.46%
R	C	-0.45%
EQH	B	-0.45%
STWD	C	-0.45%
AGCO	D	-0.44%
OHI	C	-0.44%
IBKR	A	-0.44%
CCK	C	-0.43%
CLF	D	-0.43%
DAR	F	-0.42%
THO	C	-0.42%
BMRN	F	-0.42%
WHR	C	-0.42%
TPL	A	-0.41%
ONB	D	-0.41%
KRG	C	-0.41%
VMI	B	-0.41%
SCI	D	-0.4%
NNN	C	-0.4%
SRCL	B	-0.4%
INGR	B	-0.4%
POST	C	-0.39%
NFG	A	-0.39%
MDU	C	-0.39%
UGI	C	-0.38%
XRAY	D	-0.38%
COLB	C	-0.38%
EHC	C	-0.38%
ST	F	-0.38%
SON	D	-0.38%
THG	A	-0.38%
CUBE	C	-0.38%
KD	D	-0.37%
AMG	B	-0.37%
GBCI	B	-0.36%
WTRG	D	-0.36%
EWBC	B	-0.36%
UBSI	D	-0.35%
LAMR	C	-0.35%
HOMB	D	-0.35%
FNB	D	-0.35%
POR	D	-0.35%
BRX	C	-0.34%
AVT	B	-0.34%
ELS	D	-0.34%
CG	B	-0.34%
BDC	A	-0.34%
AMH	D	-0.34%
JHG	A	-0.34%
TKO	A	-0.33%
VOYA	A	-0.33%
TTC	F	-0.33%
NJR	C	-0.33%
GAP	F	-0.33%
AN	D	-0.33%
SAIC	A	-0.33%
SWX	C	-0.32%
CUZ	C	-0.32%
WAL	C	-0.32%
RGLD	C	-0.32%
FLO	D	-0.32%
UMBF	C	-0.32%
HOG	D	-0.32%
CW	A	-0.32%
IRT	D	-0.32%
AVNT	C	-0.32%
PII	D	-0.31%
SBRA	C	-0.31%
ATR	A	-0.31%
OGS	C	-0.3%
ASH	F	-0.3%
SLGN	B	-0.3%
BKH	C	-0.3%
M	D	-0.3%
CFR	B	-0.29%
KRC	C	-0.29%
MTG	A	-0.29%
KEX	C	-0.29%
ORA	C	-0.29%
SR	D	-0.28%
JAZZ	F	-0.28%
WU	D	-0.28%
CBSH	D	-0.28%
PNM	B	-0.28%
MIDD	D	-0.27%
VLY	C	-0.27%
BRBR	A	-0.27%
FLS	A	-0.27%
DCI	B	-0.27%
FR	D	-0.27%
CGNX	F	-0.27%
MKSI	F	-0.26%
CNO	B	-0.26%
MAT	B	-0.26%
KMPR	D	-0.26%
ALE	A	-0.26%
HQY	B	-0.25%
SEIC	B	-0.25%
MAN	D	-0.25%
PRGO	F	-0.25%
NWE	C	-0.25%
STAG	D	-0.25%
CHE	D	-0.25%
AMKR	F	-0.24%
NVST	D	-0.24%
IDA	D	-0.24%
EGP	D	-0.24%
PCH	C	-0.23%
TCBI	B	-0.23%
TKR	B	-0.23%
PAG	D	-0.22%
ASB	D	-0.22%
NEOG	F	-0.22%
PBF	F	-0.22%
FHI	A	-0.21%
SLM	B	-0.21%
GATX	F	-0.21%
CC	D	-0.21%
BRKR	D	-0.21%
CRUS	D	-0.2%
ALV	F	-0.2%
RH	C	-0.2%
EVR	C	-0.2%
GHC	A	-0.2%
MUR	F	-0.2%
FFIN	D	-0.2%
EXPO	A	-0.2%
DTM	A	-0.2%
CPRI	C	-0.19%
CVLT	B	-0.19%
NOVT	C	-0.19%
EXLS	B	-0.19%
RYN	C	-0.19%
BHF	D	-0.19%
DOCS	A	-0.19%
GNTX	D	-0.18%
GT	F	-0.18%
HXL	F	-0.18%
SIGI	D	-0.18%
ENOV	F	-0.17%
OPCH	F	-0.17%
SRPT	F	-0.17%
VAC	D	-0.17%
CRI	D	-0.17%
MTN	D	-0.16%
RCM	B	-0.16%
GXO	D	-0.16%
ENS	B	-0.16%
SMG	C	-0.16%
RLI	A	-0.16%
HWC	D	-0.15%
VSH	F	-0.15%
WH	C	-0.15%
JWN	D	-0.15%
CDP	A	-0.15%
OZK	D	-0.15%
LSTR	F	-0.15%
AM	A	-0.15%
ROIV	D	-0.14%
EEFT	F	-0.14%
ZI	F	-0.14%
LFUS	C	-0.14%
PPC	C	-0.14%
DLB	D	-0.14%
CHX	C	-0.14%
MSM	D	-0.13%
SYNA	F	-0.13%
POWI	F	-0.13%
IBOC	D	-0.13%
LANC	F	-0.13%
LIVN	C	-0.13%
AMED	D	-0.13%
IRDM	C	-0.13%
GEF	B	-0.12%
HAE	F	-0.12%
UAA	B	-0.12%
NSA	D	-0.12%
CHH	A	-0.11%
NSP	F	-0.11%
PSN	A	-0.1%
SAM	D	-0.1%
WEN	B	-0.1%
EPR	C	-0.1%
VC	F	-0.1%
COLM	B	-0.1%
KNF	B	-0.1%
YETI	C	-0.09%
BLKB	C	-0.09%
UA	B	-0.08%
IPGP	D	-0.08%
TNL	B	-0.07%
WMG	D	-0.07%
AZTA	F	-0.06%
HGV	F	-0.06%