FFSM vs. XRT ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to SPDR S&P Retail ETF (XRT)

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

XRT

SPDR S&P Retail ETF

XRT Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index. In seeking to track the performance of the S&P Retail Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the retail industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.05

Average Daily Volume

4,192,559

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	XRT
30 Days	7.11%	7.02%
60 Days	5.92%	5.92%
90 Days	6.92%	4.03%
12 Months	35.08%	29.47%

7 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in XRT	Overlap
AAP	C	0.15%	1.27%	0.15%
ASO	F	0.53%	1.04%	0.53%
BJ	A	1.22%	1.4%	1.22%
BOOT	D	0.9%	1.14%	0.9%
DKS	C	0.84%	1.21%	0.84%
MUSA	A	1.34%	1.28%	1.28%
UPBD	B	0.3%	1.38%	0.3%

FFSM Overweight 164 Positions Relative to XRT

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%
NSIT	F	1.33%
AR	B	1.27%
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%
WHD	B	1.01%
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%
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%
AEIS	B	0.66%
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%
FSS	B	0.6%
LBRT	D	0.59%
G	B	0.59%
VNT	B	0.59%
CBT	C	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	A	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
PRI	A	0.56%
EPRT	B	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%
CWK	B	0.51%
RJF	A	0.51%
PVH	C	0.51%
HAYW	B	0.51%
IESC	B	0.51%
GMS	B	0.51%
WIX	B	0.5%
AFG	A	0.49%
EBC	B	0.49%
CTRE	D	0.49%
EAT	A	0.47%
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%
GVA	A	0.35%
RUSHA	C	0.35%
AZZ	B	0.34%
GTES	A	0.33%
WFRD	D	0.33%
PCVX	D	0.32%
FLEX	A	0.31%
AZEK	A	0.3%
ARCB	C	0.3%
MTB	A	0.3%
SKY	A	0.3%
LEA	D	0.3%
GRBK	D	0.3%
CNXC	F	0.29%
IBTX	B	0.29%
FBP	B	0.29%
LCII	C	0.29%
DIOD	D	0.27%
AMN	F	0.27%
ALGM	D	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	D	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	D	0.16%
XPRO	F	0.14%
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	B	0.08%
MRUS	F	0.07%
PBH	A	0.06%
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 70 Positions Relative to XRT

Symbol	Grade	Weight
CVNA	B	-2.26%
VSCO	B	-2.04%
WRBY	B	-2.04%
SFM	A	-1.82%
LAD	A	-1.75%
RVLV	B	-1.72%
GME	C	-1.68%
DDS	B	-1.62%
ABG	B	-1.52%
BBWI	D	-1.52%
SAH	A	-1.49%
MNRO	D	-1.46%
GPI	A	-1.45%
WINA	B	-1.44%
GO	C	-1.43%
BKE	B	-1.43%
AMZN	C	-1.42%
ORLY	B	-1.42%
URBN	C	-1.4%
CASY	A	-1.39%
EYE	C	-1.38%
PAG	B	-1.38%
WMT	A	-1.37%
SIG	B	-1.37%
TGT	F	-1.36%
VVV	F	-1.36%
KR	B	-1.36%
SBH	C	-1.35%
M	D	-1.34%
AZO	C	-1.34%
COST	B	-1.32%
GAP	C	-1.32%
ANF	C	-1.32%
JWN	C	-1.31%
CHWY	B	-1.31%
ACI	C	-1.31%
TJX	A	-1.31%
BURL	A	-1.29%
AN	C	-1.29%
CWH	B	-1.28%
PSMT	C	-1.28%
TSCO	D	-1.28%
KMX	B	-1.28%
EBAY	D	-1.27%
DLTR	F	-1.25%
CAL	D	-1.23%
WBA	F	-1.23%
LESL	C	-1.22%
ULTA	F	-1.22%
OLLI	D	-1.21%
BBY	D	-1.19%
ETSY	D	-1.19%
DG	F	-1.19%
ROST	C	-1.19%
FIVE	F	-1.18%
AEO	F	-1.18%
KSS	F	-1.16%
ODP	F	-1.16%
FL	F	-1.1%
GES	F	-1.07%
HZO	D	-1.02%
SCVL	F	-0.96%
BBW	B	-0.85%
IMKTA	C	-0.83%
WMK	C	-0.77%
ZUMZ	C	-0.7%
GCO	B	-0.56%
GRPN	F	-0.55%
CRMT	C	-0.44%
ARKO	C	-0.3%