FFSM vs. TXSS ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Texas Small Cap Equity Index ETF (TXSS)

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

$28.93

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

TXSS

Texas Small Cap Equity Index ETF

TXSS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is a diversified, float-adjusted sector and, market-capitalization weighted index designed to reflect the performance primarily of stocks in small-capitalization companies that are headquartered in Texas.

Grade (RS Rating)

Last Trade

$29.21

Average Daily Volume

424

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	TXSS
30 Days	5.05%	6.91%
60 Days	4.89%	4.81%
90 Days	5.78%	6.08%
12 Months	33.64%

14 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in TXSS	Overlap
AMN	F	0.27%	1.76%	0.27%
ASO	F	0.53%	1.53%	0.53%
AZZ	A	0.34%	0.47%	0.34%
CMC	B	0.6%	1.24%	0.6%
DIOD	D	0.27%	0.45%	0.27%
EAT	A	0.47%	3.55%	0.47%
GRBK	D	0.3%	0.78%	0.3%
IBTX	B	0.29%	0.32%	0.29%
IESC	C	0.51%	1.51%	0.51%
NXST	C	0.75%	0.77%	0.75%
RUSHA	C	0.35%	1.99%	0.35%
UPBD	B	0.3%	0.21%	0.21%
WHD	B	1.01%	0.79%	0.79%
XPRO	D	0.14%	0.43%	0.14%

FFSM Overweight 157 Positions Relative to TXSS

Symbol	Grade	Weight
EME	A	1.81%
UHS	D	1.5%
FTI	A	1.47%
TPX	B	1.46%
ACGL	C	1.45%
EXP	B	1.44%
MUSA	B	1.34%
NSIT	F	1.33%
AR	B	1.27%
BJ	A	1.22%
FN	C	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	D	0.95%
DOX	D	0.92%
AIZ	A	0.91%
BOOT	C	0.9%
TMDX	F	0.9%
LNG	A	0.9%
DFS	B	0.89%
AIT	B	0.88%
SNV	C	0.88%
DKS	D	0.84%
STX	C	0.84%
AYI	B	0.81%
TGLS	B	0.81%
FAF	A	0.77%
ALSN	B	0.76%
BC	C	0.76%
VTR	B	0.76%
RGA	A	0.76%
SF	B	0.75%
PNFP	B	0.73%
PCG	A	0.72%
HLI	A	0.71%
GPK	C	0.71%
AEIS	C	0.66%
ACM	B	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%
FSS	B	0.6%
LBRT	D	0.59%
G	B	0.59%
VNT	C	0.59%
CBT	D	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	B	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
PRI	B	0.56%
EPRT	B	0.56%
HOLX	D	0.56%
XPO	B	0.56%
BCO	F	0.56%
CHDN	B	0.54%
ESI	B	0.54%
CIEN	C	0.53%
WTFC	A	0.52%
CRL	D	0.52%
CWK	C	0.51%
RJF	A	0.51%
PVH	C	0.51%
HAYW	B	0.51%
GMS	B	0.51%
WIX	A	0.5%
AFG	A	0.49%
EBC	B	0.49%
CTRE	C	0.49%
CNM	D	0.47%
KBR	F	0.46%
BOKF	B	0.46%
BLDR	D	0.46%
TENB	C	0.45%
OLN	F	0.45%
PRCT	B	0.44%
LITE	B	0.44%
NOMD	D	0.42%
AXTA	B	0.42%
TEX	F	0.42%
ARGX	B	0.41%
COMP	B	0.4%
LW	C	0.4%
MASI	B	0.39%
IP	A	0.37%
CXT	C	0.36%
CAH	B	0.36%
GVA	A	0.35%
GTES	A	0.33%
WFRD	D	0.33%
PCVX	D	0.32%
FLEX	B	0.31%
AZEK	A	0.3%
ARCB	C	0.3%
MTB	A	0.3%
SKY	A	0.3%
LEA	F	0.3%
CNXC	F	0.29%
FBP	C	0.29%
LCII	C	0.29%
ALGM	D	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	C	0.2%
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	C	0.16%
AAP	D	0.15%
MNDY	C	0.14%
KROS	D	0.13%
ELVN	D	0.12%
VCEL	B	0.12%
VRDN	D	0.12%
OMI	F	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	C	0.08%
MRUS	F	0.07%
PBH	A	0.06%
ARVN	F	0.04%
ATKR	D	0.01%
FIBK	B	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 136 Positions Relative to TXSS

Symbol	Grade	Weight
HHH	B	-6.63%
KNTK	A	-3.21%
DNOW	B	-2.86%
EE	A	-2.68%
GPI	B	-2.54%
ADUS	D	-2.39%
NSP	F	-2.18%
MRC	B	-2.13%
NTST	C	-2.05%
NXRT	B	-1.69%
DXPE	C	-1.66%
OMCL	C	-1.61%
STRL	A	-1.61%
VITL	D	-1.61%
USPH	B	-1.51%
CSWI	B	-1.19%
XPEL	B	-1.19%
PRIM	A	-1.12%
CHX	C	-1.06%
INN	D	-1.06%
WSR	A	-1.05%
SAVA	C	-1.0%
VTOL	B	-0.96%
COOP	B	-0.87%
QTWO	A	-0.87%
TPG	A	-0.85%
WLK	D	-0.81%
ITGR	B	-0.8%
ACA	A	-0.78%
BTMD	B	-0.75%
MGY	A	-0.75%
DSGR	C	-0.74%
MUR	D	-0.7%
PLAY	D	-0.69%
CSV	B	-0.66%
SBH	C	-0.65%
FFIN	B	-0.6%
YETI	D	-0.59%
LGIH	F	-0.58%
HUN	F	-0.58%
AROC	A	-0.58%
NPAB	F	-0.57%
CNK	C	-0.57%
TRN	B	-0.57%
SLAB	F	-0.57%
CCO	C	-0.54%
AGL	F	-0.54%
UEC	B	-0.53%
POWL	C	-0.53%
CVEO	F	-0.52%
IBOC	B	-0.51%
HESM	B	-0.5%
OII	B	-0.5%
PTEN	C	-0.47%
TASK	C	-0.43%
VCTR	B	-0.43%
TDW	F	-0.4%
RXT	C	-0.4%
GSHD	A	-0.39%
THRY	D	-0.38%
SVRA	F	-0.37%
CRGY	B	-0.34%
ALG	B	-0.33%
ALKT	B	-0.33%
TFIN	B	-0.32%
CVI	F	-0.32%
BHR	C	-0.32%
TSHA	C	-0.28%
STC	B	-0.28%
NX	C	-0.26%
SKWD	A	-0.26%
EWCZ	F	-0.25%
USLM	A	-0.25%
RICK	B	-0.25%
AAOI	B	-0.22%
HLX	B	-0.22%
TH	C	-0.22%
GLDD	B	-0.22%
VBTX	B	-0.21%
TALO	C	-0.21%
THR	B	-0.21%
SABR	C	-0.21%
CRK	B	-0.2%
HTH	C	-0.2%
AESI	B	-0.2%
CECO	B	-0.19%
SMHI	F	-0.18%
WTTR	A	-0.18%
APLD	B	-0.17%
PARR	F	-0.17%
CSTL	D	-0.16%
FOR	F	-0.16%
SBSI	C	-0.14%
LUNR	B	-0.14%
PRO	C	-0.14%
BMBL	C	-0.13%
SWI	C	-0.12%
NR	B	-0.12%
RBBN	C	-0.11%
ETWO	F	-0.11%
EBF	F	-0.1%
PUMP	C	-0.09%
ANET	C	-0.09%
EZPW	B	-0.08%
BIGC	B	-0.08%
LPRO	B	-0.08%
ORN	B	-0.08%
SPFI	C	-0.07%
TTI	B	-0.07%
RMBL	B	-0.07%
GDOT	D	-0.07%
FFWM	C	-0.07%
NOVA	F	-0.07%
PX	A	-0.07%
EGY	D	-0.07%
IHRT	B	-0.06%
OIS	B	-0.06%
EHTH	C	-0.06%
NGS	B	-0.06%
LSEA	D	-0.05%
KLXE	C	-0.05%
LEGH	D	-0.05%
AMPY	C	-0.05%
GRNT	B	-0.05%
LXRX	F	-0.04%
BRY	F	-0.04%
STTK	F	-0.04%
LAW	F	-0.04%
CTGO	D	-0.04%
EPM	A	-0.04%
WTI	F	-0.04%
REI	D	-0.04%
ASUR	C	-0.04%
FET	F	-0.04%
AVNW	F	-0.03%
APPS	F	-0.02%