FFSM vs. VAMO ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Cambria Value and Momentum ETF (VAMO)

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

$25.75

Average Daily Volume

17,619

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

VAMO

Cambria Value and Momentum ETF

VAMO Description

The investment seeks income and capital appreciation from investments in the U.S. equity market. The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of the value of the fund&#39;s net assets in U.S. exchange-listed equity securities. It may hedge up to 100% of the value of the fund&#39;s long portfolio. The fund may invest in securities of companies in any industry, but will limit the maximum allocation to any particular sector to 25%. It may invest up to 20% of the value of its net assets in U.S. dollar and non-U.S. dollar denominated money market instruments or other high quality debt securities, or ETFs.

Grade (RS Rating)

Last Trade

$28.09

Average Daily Volume

10,390

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	VAMO
30 Days	2.38%	0.18%
60 Days	-0.16%	-4.08%
90 Days	3.08%	-2.17%
12 Months	16.80%	8.68%

12 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in VAMO	Overlap
AIZ	D	0.88%	0.65%	0.65%
EME	D	1.65%	1.61%	1.61%
FCNCA	B	0.66%	0.87%	0.66%
KBH	B	0.54%	0.77%	0.54%
LBRT	D	0.54%	0.73%	0.54%
NSIT	C	0.98%	0.89%	0.89%
PATK	C	0.18%	1.06%	0.18%
PRI	B	0.59%	0.79%	0.59%
PVH	D	0.71%	0.75%	0.71%
RGA	A	0.65%	0.85%	0.65%
SNX	D	0.83%	0.75%	0.75%
STLD	C	0.64%	0.98%	0.64%

FFSM Overweight 146 Positions Relative to VAMO

Symbol	Grade	Weight
VRT	D	1.71%
FTI	B	1.68%
AR	D	1.58%
TPX	D	1.49%
AZO	C	1.47%
ACGL	D	1.33%
MUSA	B	1.27%
UHS	B	1.23%
BJ	B	1.22%
MOH	F	1.21%
CROX	D	1.17%
ITT	C	1.14%
PFGC	F	1.11%
RRX	D	1.09%
EXP	D	1.08%
LPLA	D	1.06%
USFD	D	1.05%
CR	C	1.01%
FN	B	0.99%
DKS	C	0.98%
DOX	D	0.98%
WHD	B	0.97%
CACI	B	0.96%
XPO	D	0.96%
CHDN	B	0.94%
DFS	B	0.89%
ORI	C	0.89%
LNG	B	0.88%
ATKR	F	0.87%
AME	C	0.85%
NXST	B	0.82%
JLL	A	0.81%
AYI	D	0.81%
BC	D	0.81%
AIT	C	0.79%
VNT	C	0.79%
BECN	C	0.76%
FAF	D	0.75%
ASGN	D	0.75%
TGLS	C	0.74%
GVA	C	0.74%
ON	D	0.72%
STX	B	0.72%
SN	D	0.72%
MEDP	B	0.72%
PCG	C	0.7%
CC	F	0.69%
GPK	D	0.68%
CNM	D	0.68%
KBR	D	0.67%
ACHC	D	0.67%
ALSN	B	0.66%
AEIS	C	0.66%
ACM	D	0.66%
CRL	D	0.66%
AES	D	0.65%
CMC	C	0.64%
SNV	A	0.63%
PNFP	C	0.63%
HLI	A	0.63%
G	D	0.63%
BOOT	C	0.63%
DT	F	0.61%
FSS	C	0.59%
VTR	A	0.59%
MMS	B	0.59%
HOLX	B	0.59%
MTSI	B	0.58%
CAH	F	0.58%
WBS	C	0.58%
CADE	B	0.58%
RJF	D	0.57%
CIEN	F	0.56%
CBT	D	0.54%
TENB	D	0.54%
OLN	D	0.54%
PGNY	D	0.53%
ESI	B	0.52%
AFG	D	0.52%
WTFC	B	0.51%
EXLS	B	0.5%
LPX	D	0.5%
HAYW	D	0.5%
TEX	D	0.5%
EPRT	B	0.48%
BCO	B	0.47%
OI	F	0.47%
LSCC	F	0.45%
CACC	C	0.44%
BOKF	B	0.44%
CHX	D	0.43%
EBC	A	0.43%
LEA	F	0.4%
ASO	F	0.4%
TMDX	C	0.4%
CWK	A	0.39%
WSC	F	0.39%
NOMD	D	0.39%
FIBK	B	0.38%
NOG	C	0.38%
FROG	C	0.37%
ICHR	C	0.37%
FBP	A	0.35%
ALGM	C	0.34%
CNXC	D	0.34%
LITE	B	0.34%
ESGR	B	0.34%
DOOO	D	0.34%
FLEX	D	0.33%
FIVN	F	0.33%
LAUR	D	0.33%
DIOD	C	0.33%
RUSHA	C	0.32%
ARGX	C	0.31%
LCII	D	0.29%
OMI	F	0.28%
EAT	D	0.28%
PRO	F	0.28%
MTB	A	0.27%
RGEN	F	0.24%
HELE	F	0.21%
IBTX	B	0.21%
KFRC	D	0.2%
CSTM	D	0.19%
CRNX	B	0.18%
XPRO	C	0.17%
MDGL	B	0.16%
INSM	A	0.15%
CYTK	D	0.15%
VCEL	C	0.14%
ECPG	D	0.13%
CLDX	D	0.12%
NUVL	C	0.11%
ICLR	B	0.11%
ACLX	C	0.1%
PCVX	B	0.09%
XENE	C	0.09%
AXSM	C	0.09%
PBH	B	0.07%
TCBK	B	0.07%
ARVN	F	0.06%
TXG	F	0.04%
MORF	C	0.04%
ZNTL	F	0.02%
KROS	F	0.02%
ALXO	F	0.01%

FFSM Underweight 82 Positions Relative to VAMO

Symbol	Grade	Weight
VST	C	-1.59%
WIRE	A	-1.5%
COOP	B	-1.45%
MLI	B	-1.44%
CEIX	C	-1.41%
TOL	C	-1.37%
HCC	C	-1.35%
STRL	D	-1.32%
PHM	C	-1.32%
MHO	C	-1.31%
SKYW	B	-1.27%
MCK	C	-1.23%
PRDO	D	-1.2%
L	C	-1.19%
PR	C	-1.17%
MPC	F	-1.16%
AMR	D	-1.13%
CHRD	D	-1.12%
OSCR	D	-1.09%
REVG	D	-1.05%
TMHC	C	-1.02%
DHI	C	-1.01%
HOOD	C	-1.01%
ENVA	A	-1.01%
LEN	C	-1.0%
MTH	C	-0.98%
PLAB	D	-0.98%
SYF	A	-0.98%
GPOR	D	-0.97%
BCC	D	-0.96%
MATX	C	-0.96%
JXN	B	-0.95%
MCY	D	-0.94%
ACMR	D	-0.91%
CRBG	C	-0.9%
ALLY	A	-0.89%
WSM	C	-0.89%
HIG	C	-0.89%
SKWD	C	-0.89%
OC	C	-0.88%
MTG	A	-0.87%
TDS	C	-0.86%
COF	C	-0.85%
URBN	A	-0.84%
PLUS	D	-0.84%
SM	D	-0.83%
CFG	A	-0.82%
CNX	B	-0.8%
GM	B	-0.8%
DNOW	D	-0.8%
BHE	C	-0.79%
EQH	A	-0.79%
IDCC	B	-0.79%
HTLF	A	-0.79%
OSG	A	-0.78%
LNC	B	-0.78%
PRU	A	-0.78%
SCSC	D	-0.77%
WTTR	B	-0.77%
HIBB	A	-0.77%
THC	B	-0.76%
TPC	A	-0.76%
RDN	B	-0.76%
APOG	D	-0.75%
BZH	C	-0.74%
MLKN	C	-0.74%
AFL	A	-0.73%
THO	D	-0.73%
ARCH	F	-0.71%
GMS	D	-0.71%
CAL	D	-0.71%
TPH	B	-0.68%
PSX	D	-0.67%
CXW	D	-0.65%
FNF	C	-0.64%
WOR	F	-0.62%
CUBI	B	-0.59%
UFPI	C	-0.58%
METC	D	-0.58%
X	C	-0.52%
ARCT	F	-0.51%
GIII	F	-0.5%