FFSM vs. QVMS ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)
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

$29.06

Average Daily Volume

28,472

Number of Holdings *

171

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

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description The investment seeks to track the investment results of the S&P SmallCap 600 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.40

Average Daily Volume

453

Number of Holdings *

523

* may have additional holdings in another (foreign) market
Performance
Period FFSM QVMS
30 Days 7.11% 9.42%
60 Days 5.92% 8.13%
90 Days 6.92% 8.38%
12 Months 35.08% 32.90%
31 Overlapping Holdings
Symbol Grade Weight in FFSM Weight in QVMS Overlap
AAP C 0.15% 0.2% 0.15%
AEIS B 0.66% 0.35% 0.35%
AMN F 0.27% 0.09% 0.09%
ARCB C 0.3% 0.2% 0.2%
ASO F 0.53% 0.26% 0.26%
AZZ B 0.34% 0.22% 0.22%
BOOT D 0.9% 0.28% 0.28%
CTRE D 0.49% 0.33% 0.33%
CWK B 0.51% 0.21% 0.21%
DIOD D 0.27% 0.22% 0.22%
EAT A 0.47% 0.43% 0.43%
EPRT B 0.56% 0.44% 0.44%
FBP B 0.29% 0.28% 0.28%
FSS B 0.6% 0.48% 0.48%
GMS B 0.51% 0.31% 0.31%
GRBK D 0.3% 0.14% 0.14%
GTES A 0.33% 0.36% 0.33%
GVA A 0.35% 0.34% 0.34%
HAYW B 0.51% 0.16% 0.16%
IBTX B 0.29% 0.18% 0.18%
LBRT D 0.59% 0.22% 0.22%
LCII C 0.29% 0.24% 0.24%
NOG A 0.57% 0.34% 0.34%
NSIT F 1.33% 0.35% 0.35%
OMI F 0.12% 0.07% 0.07%
PATK D 0.2% 0.21% 0.2%
PBH A 0.06% 0.33% 0.06%
RUSHA C 0.35% 0.3% 0.3%
UPBD B 0.3% 0.12% 0.12%
VCEL B 0.12% 0.25% 0.12%
WHD B 1.01% 0.36% 0.36%
FFSM Overweight 140 Positions Relative to QVMS
Symbol Grade Weight
EME C 1.81%
UHS D 1.5%
FTI A 1.47%
TPX B 1.46%
ACGL D 1.45%
EXP A 1.44%
MUSA A 1.34%
AR B 1.27%
BJ A 1.22%
FN D 1.22%
ITT A 1.2%
CROX D 1.17%
PFGC B 1.16%
USFD A 1.16%
VRT B 1.14%
SN D 1.11%
JLL D 1.1%
MOH F 1.1%
CACI D 1.06%
CR A 1.01%
RRX B 1.01%
ORI A 0.96%
SNX C 0.95%
DOX D 0.92%
AIZ A 0.91%
TMDX F 0.9%
LNG B 0.9%
DFS B 0.89%
AIT A 0.88%
SNV B 0.88%
DKS C 0.84%
STX D 0.84%
AYI B 0.81%
TGLS B 0.81%
FAF A 0.77%
ALSN B 0.76%
BC C 0.76%
VTR C 0.76%
RGA A 0.76%
NXST C 0.75%
SF B 0.75%
PNFP B 0.73%
PCG A 0.72%
HLI B 0.71%
GPK C 0.71%
ACM A 0.66%
ASGN F 0.65%
AES F 0.65%
LPX B 0.65%
KBH D 0.64%
FCNCA A 0.63%
ON D 0.62%
BECN B 0.61%
MMS F 0.6%
CMC B 0.6%
G B 0.59%
VNT B 0.59%
CBT C 0.59%
CADE B 0.59%
WBS A 0.57%
MEDP D 0.57%
MTSI B 0.57%
PRI A 0.56%
HOLX D 0.56%
XPO B 0.56%
BCO D 0.56%
CHDN B 0.54%
ESI A 0.54%
CIEN B 0.53%
WTFC A 0.52%
CRL C 0.52%
RJF A 0.51%
PVH C 0.51%
IESC B 0.51%
WIX B 0.5%
AFG A 0.49%
EBC B 0.49%
CNM D 0.47%
KBR F 0.46%
BOKF B 0.46%
BLDR D 0.46%
TENB C 0.45%
OLN D 0.45%
PRCT B 0.44%
LITE B 0.44%
NOMD D 0.42%
AXTA A 0.42%
TEX D 0.42%
ARGX A 0.41%
COMP B 0.4%
LW C 0.4%
MASI A 0.39%
IP B 0.37%
CXT B 0.36%
CAH B 0.36%
WFRD D 0.33%
PCVX D 0.32%
FLEX A 0.31%
AZEK A 0.3%
MTB A 0.3%
SKY A 0.3%
LEA D 0.3%
CNXC F 0.29%
ALGM D 0.24%
LAUR A 0.24%
DOOO F 0.23%
CRNX C 0.19%
ACLX C 0.19%
RGEN D 0.19%
KFRC D 0.18%
CYTK F 0.18%
MDGL B 0.16%
NUVL D 0.16%
XPRO F 0.14%
MNDY C 0.14%
KROS D 0.13%
ELVN D 0.12%
VRDN D 0.12%
AXSM B 0.11%
ANAB F 0.11%
CSTM F 0.11%
TYRA F 0.11%
COGT D 0.11%
LBPH A 0.1%
ICLR D 0.1%
CLDX F 0.1%
XENE D 0.09%
AUTL F 0.08%
TCBK B 0.08%
MRUS F 0.07%
ARVN D 0.04%
ATKR C 0.01%
FIBK A 0.01%
CC C 0.01%
LPLA A 0.01%
STLD B 0.01%
AME A 0.01%
ALXO F 0.0%
EWTX C 0.0%
ZNTL F 0.0%
FFSM Underweight 492 Positions Relative to QVMS
Symbol Grade Weight
MLI C -0.85%
CRS A -0.73%
CMA A -0.69%
GKOS B -0.58%
ATI D -0.57%
RHI B -0.57%
JXN C -0.57%
SPSC C -0.54%
AWI A -0.53%
MTH D -0.51%
COOP B -0.51%
MOG.A B -0.5%
BMI B -0.5%
VFC C -0.49%
MARA C -0.49%
LNC B -0.49%
AVAV D -0.47%
ALK C -0.47%
ACIW B -0.47%
BCPC B -0.47%
MMSI B -0.46%
SM B -0.46%
BCC B -0.46%
GPI A -0.45%
ABG B -0.44%
RDNT B -0.44%
MATX C -0.43%
MGY A -0.42%
ACA A -0.42%
MC C -0.42%
PIPR B -0.42%
ITRI B -0.41%
AL B -0.41%
RDN C -0.41%
SEE C -0.41%
IBP D -0.4%
CORT B -0.39%
SLG B -0.38%
ALKS B -0.38%
IDCC A -0.37%
DY D -0.37%
SFBS B -0.37%
AGO B -0.37%
PECO A -0.36%
SANM B -0.35%
AX A -0.35%
SKYW B -0.35%
ABCB B -0.35%
SIG B -0.35%
ITGR B -0.35%
FTDR A -0.34%
PLXS B -0.34%
MHO D -0.34%
SHAK C -0.34%
FELE B -0.34%
KTB B -0.34%
HCC B -0.33%
SEM B -0.33%
KRYS B -0.33%
LRN A -0.33%
FUL F -0.33%
KFY B -0.32%
BGC C -0.32%
UCB A -0.32%
OGN D -0.32%
TPH D -0.32%
MAC B -0.32%
FULT A -0.32%
REZI A -0.32%
CRC B -0.31%
CALM A -0.31%
ABM B -0.31%
GEO B -0.31%
ESE B -0.3%
VRRM D -0.3%
CBU B -0.3%
DORM B -0.3%
SKT B -0.3%
CATY B -0.3%
WDFC B -0.3%
JBT B -0.3%
AUB B -0.3%
NPO A -0.3%
DXC B -0.29%
CVCO A -0.29%
WSFS A -0.29%
AROC B -0.29%
FHB A -0.28%
WD D -0.28%
MGEE C -0.28%
OTTR C -0.28%
SITM B -0.28%
CEIX A -0.28%
ATGE B -0.27%
AMR C -0.27%
GNW A -0.27%
HP B -0.27%
BFH B -0.27%
APLE B -0.27%
PJT A -0.27%
RXO C -0.27%
STEP B -0.27%
HIW D -0.26%
ARCH B -0.26%
CNK B -0.26%
SMPL B -0.26%
BKU A -0.26%
FORM D -0.26%
APAM B -0.26%
OII B -0.26%
CCOI B -0.26%
SXT B -0.26%
AEO F -0.26%
CRVL A -0.26%
IAC D -0.26%
BXMT C -0.25%
CVBF A -0.25%
VIRT B -0.25%
TDS B -0.25%
TRN C -0.25%
SLVM B -0.25%
CWEN C -0.25%
NWL B -0.25%
ICUI D -0.25%
ALRM C -0.25%
HUBG A -0.25%
ENVA B -0.24%
DEI B -0.24%
AWR B -0.24%
NMIH D -0.24%
VSCO B -0.24%
PENN C -0.24%
GSHD A -0.24%
ENV B -0.24%
BTU B -0.24%
TBBK B -0.24%
BOH B -0.24%
SFNC B -0.24%
IOSP B -0.24%
INDB B -0.24%
BRC D -0.24%
SNEX B -0.23%
UNF B -0.23%
HBI B -0.23%
HASI D -0.23%
CWT D -0.23%
BL B -0.23%
AVA A -0.23%
TDW F -0.23%
GFF A -0.23%
CPK A -0.22%
PAYO A -0.22%
KLIC B -0.22%
PLMR B -0.22%
PFS B -0.22%
CARG C -0.22%
PPBI B -0.22%
AIN C -0.22%
FFBC A -0.22%
PRK B -0.22%
IIPR D -0.22%
PTEN C -0.22%
PRGS A -0.22%
SHOO D -0.22%
EPAC B -0.21%
JJSF B -0.21%
B B -0.21%
UE C -0.21%
MTX B -0.21%
HI C -0.21%
ABR C -0.21%
HNI B -0.21%
ENR B -0.21%
LXP D -0.21%
AGYS A -0.21%
AKR B -0.2%
PHIN A -0.2%
CXW B -0.2%
TTMI B -0.2%
VSTO A -0.2%
CNS B -0.2%
MTRN C -0.2%
BANR B -0.2%
MYRG B -0.2%
OSIS B -0.2%
HWKN B -0.2%
TRMK B -0.19%
CPRX C -0.19%
ACLS F -0.19%
RNST B -0.19%
POWL C -0.19%
WERN C -0.19%
WAFD B -0.19%
YELP C -0.19%
IPAR B -0.19%
FCPT C -0.19%
SXI B -0.19%
CCS D -0.19%
NBTB B -0.19%
SBCF A -0.19%
KMT B -0.18%
PSMT C -0.18%
EVTC B -0.18%
TFIN A -0.18%
FL F -0.18%
CAKE C -0.18%
KAR B -0.18%
PRVA B -0.18%
PLUS F -0.18%
SATS D -0.18%
MPW F -0.18%
KWR C -0.18%
UFPT B -0.18%
PINC B -0.18%
OFG B -0.17%
STRA C -0.17%
ADUS D -0.17%
URBN C -0.17%
ROCK C -0.17%
ROIC A -0.17%
CENTA C -0.17%
AIR B -0.17%
VIAV B -0.17%
MCY A -0.17%
SUPN C -0.17%
PTGX C -0.17%
OI C -0.16%
STC B -0.16%
CABO C -0.16%
FBK B -0.16%
ALG B -0.16%
LMAT A -0.16%
MRCY B -0.16%
GO C -0.16%
GBX A -0.16%
LGIH D -0.16%
PRG C -0.16%
SHO C -0.16%
CASH A -0.16%
CNMD C -0.16%
FTRE D -0.15%
TALO C -0.15%
EPC D -0.15%
APOG B -0.15%
NBHC B -0.15%
FBNC A -0.15%
LGND B -0.15%
TRUP B -0.15%
LKFN B -0.15%
NWBI B -0.15%
CHCO B -0.15%
FCF A -0.15%
NEO C -0.15%
DRH B -0.15%
RAMP C -0.15%
TNC D -0.14%
BANF B -0.14%
HMN B -0.14%
KN B -0.14%
BHE B -0.14%
UCTT D -0.14%
JOE F -0.14%
KSS F -0.14%
IART C -0.14%
WGO C -0.14%
WWW B -0.14%
LZB B -0.14%
PRDO B -0.14%
ROG D -0.14%
JBLU F -0.14%
CALX D -0.14%
MLKN D -0.14%
NHC C -0.14%
HLX B -0.14%
CUBI C -0.13%
SJW D -0.13%
NWN A -0.13%
THS D -0.13%
CSGS B -0.13%
LTC B -0.13%
VBTX B -0.13%
STBA B -0.13%
NTCT C -0.13%
VSTS C -0.13%
ASTH D -0.13%
ANDE D -0.13%
VRTS B -0.13%
CHEF A -0.13%
VECO F -0.13%
HOPE B -0.13%
WKC D -0.13%
CTS C -0.13%
PLAB C -0.13%
SONO C -0.13%
PDCO D -0.13%
SCL C -0.13%
DNOW B -0.13%
CRK B -0.12%
TILE B -0.12%
WS B -0.12%
HTH B -0.12%
WABC B -0.12%
TRIP F -0.12%
PEB D -0.12%
XHR B -0.12%
GTY B -0.12%
AMWD C -0.12%
SCSC B -0.11%
NAVI C -0.11%
ELME D -0.11%
BKE B -0.11%
UNFI A -0.11%
WT B -0.11%
AAT B -0.11%
UVV B -0.11%
ALEX C -0.11%
SBH C -0.11%
STAA F -0.11%
GNL F -0.11%
THRM D -0.11%
USPH B -0.11%
HLIT D -0.11%
MYGN F -0.11%
LNN B -0.11%
SPNT A -0.11%
DFIN D -0.11%
MODG F -0.1%
JBGS D -0.1%
DCOM A -0.1%
DGII B -0.1%
VICR B -0.1%
CENX B -0.1%
BHLB B -0.1%
SAFT C -0.1%
EIG B -0.1%
NX C -0.1%
KALU C -0.1%
COHU C -0.1%
OXM D -0.09%
CERT F -0.09%
SNDR B -0.09%
QNST B -0.09%
AMSF B -0.09%
PMT D -0.09%
FDP B -0.09%
CARS B -0.09%
RC D -0.09%
MSEX B -0.09%
ARLO C -0.09%
AORT B -0.09%
NVEE F -0.09%
XNCR B -0.09%
BLMN F -0.09%
ATEN B -0.09%
PFBC B -0.09%
MD B -0.09%
SXC A -0.09%
ARI C -0.09%
DEA D -0.09%
WOR F -0.09%
DAN D -0.09%
MMI B -0.08%
HRMY D -0.08%
TMP B -0.08%
BLFS C -0.08%
DXPE B -0.08%
PRLB A -0.08%
COLL F -0.08%
EFC C -0.08%
INVA D -0.08%
KLG C -0.08%
SAH A -0.08%
VTOL B -0.08%
ALGT B -0.08%
SBSI B -0.08%
DLX B -0.08%
XRX F -0.08%
NXRT B -0.08%
PLAY D -0.08%
CAL D -0.08%
FBRT C -0.08%
VTLE C -0.08%
CBRL C -0.08%
CSR B -0.08%
MCRI A -0.08%
BRKL B -0.08%
PARR D -0.08%
CXM C -0.08%
CLB B -0.08%
FIZZ C -0.08%
ICHR C -0.08%
CFFN B -0.07%
CPF A -0.07%
ASIX A -0.07%
KOP C -0.07%
MNRO D -0.07%
PRA C -0.07%
EGBN B -0.07%
ODP F -0.07%
ASTE B -0.07%
EYE C -0.07%
XPEL C -0.07%
EXPI C -0.07%
HFWA B -0.07%
PCRX C -0.07%
RWT D -0.07%
PRAA C -0.07%
BDN C -0.07%
VVI C -0.07%
HSII B -0.07%
MRTN C -0.07%
ANIP F -0.07%
UTL B -0.07%
GIII D -0.07%
LPG F -0.07%
MATV D -0.06%
TRST A -0.06%
AHCO F -0.06%
NABL F -0.06%
NBR C -0.06%
GDEN B -0.06%
AHH D -0.06%
JBSS D -0.06%
MCW B -0.06%
HSTM B -0.06%
HAYN C -0.06%
SSTK F -0.06%
MGPI F -0.06%
HCI C -0.06%
RCUS F -0.06%
GPRE F -0.06%
MATW C -0.06%
HAFC A -0.06%
AXL C -0.06%
CNXN C -0.06%
AVNS F -0.06%
BJRI B -0.06%
AOSL C -0.06%
HCSG C -0.06%
WNC C -0.06%
UFCS B -0.05%
SMP B -0.05%
SCVL F -0.05%
HZO D -0.05%
CTKB C -0.05%
AMBC C -0.05%
MTUS C -0.05%
CEVA B -0.05%
CVI F -0.05%
IIIN C -0.05%
SPTN D -0.05%
SCHL D -0.05%
SHEN F -0.05%
KREF D -0.05%
RGR F -0.05%
HAIN C -0.05%
INN D -0.05%
EZPW A -0.05%
SWI B -0.05%
NVRI F -0.05%
WSR A -0.05%
ETD C -0.05%
PUMP B -0.05%
REX D -0.05%
GDOT D -0.04%
USNA C -0.04%
GES F -0.04%
SLP D -0.04%
GOGO C -0.04%
PAHC C -0.04%
MYE F -0.04%
BGS F -0.04%
UHT D -0.04%
SNCY C -0.04%
BFS C -0.04%
TR B -0.04%
HTZ C -0.04%
VSAT F -0.04%
LQDT B -0.04%
RES D -0.04%
MLAB D -0.04%
HTLD B -0.04%
CRSR C -0.03%
TWI F -0.03%
FLGT F -0.03%
NPK B -0.03%
RGNX F -0.03%
WRLD C -0.03%
HPP F -0.03%
KELYA F -0.03%
SVC F -0.03%
THRY F -0.03%
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