FLOW vs. FBUF ETF Comparison

Comparison of Global X U.S. Cash Flow Kings 100 ETF (FLOW) to Fidelity Dynamic Buffered Equity ETF (FBUF)

FLOW

Global X U.S. Cash Flow Kings 100 ETF

FLOW Description

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes (if any), in the securities of the underlying index. The underlying index is designed to provide exposure to large- and mid-capitalization U.S. equity securities that exhibit high free cash flow yields relative to the eligible universe of companies, as determined by the index administrator. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.79

Average Daily Volume

923

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.30

Average Daily Volume

4,765

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	FLOW	FBUF
30 Days	2.40%	1.56%
60 Days	3.88%	3.94%
90 Days	6.22%	5.77%
12 Months	24.38%

19 Overlapping Holdings

Symbol	Grade	Weight in FLOW	Weight in FBUF	Overlap
BMY	B	2.29%	0.79%	0.79%
CAH	B	2.11%	0.48%	0.48%
CRUS	F	0.36%	0.16%	0.16%
CVX	A	2.03%	0.02%	0.02%
DBX	C	0.77%	0.54%	0.54%
DOCU	B	1.07%	0.1%	0.1%
DVN	F	1.8%	0.51%	0.51%
EOG	A	2.02%	0.29%	0.29%
GAP	D	1.04%	0.21%	0.21%
GEN	B	1.96%	0.14%	0.14%
IGT	F	0.6%	0.49%	0.49%
LYFT	C	0.44%	0.09%	0.09%
NUE	D	2.01%	0.37%	0.37%
QCOM	F	1.85%	0.83%	0.83%
QRVO	F	0.4%	0.06%	0.06%
T	A	1.96%	0.68%	0.68%
TDC	D	0.22%	0.35%	0.22%
TWLO	A	0.97%	0.09%	0.09%
ZM	B	1.8%	0.59%	0.59%

FLOW Overweight 80 Positions Relative to FBUF

Symbol	Grade	Weight
HPE	B	2.21%
WBD	B	2.14%
COR	B	2.09%
MO	A	2.07%
EXPE	B	2.06%
HPQ	B	2.04%
VLO	C	1.95%
ABNB	C	1.94%
COP	B	1.93%
FANG	C	1.9%
MPC	C	1.81%
LEN	D	1.75%
ADM	D	1.6%
HAL	C	1.58%
THC	C	1.54%
FOXA	B	1.43%
TAP	C	1.25%
WPC	C	1.22%
MRO	A	1.21%
OC	A	1.21%
SNA	B	1.18%
PPC	B	1.16%
CLF	F	1.15%
CAG	D	1.14%
TPR	B	1.13%
SWKS	F	1.12%
DINO	D	1.06%
DXC	C	1.01%
JBL	C	0.99%
MTZ	A	0.93%
BG	D	0.92%
INGR	B	0.92%
ARW	D	0.89%
WSM	C	0.89%
ADTN	B	0.87%
WCC	B	0.86%
RL	C	0.85%
OVV	B	0.82%
SMG	C	0.81%
SNX	C	0.75%
ALSN	B	0.72%
GRAB	A	0.7%
PVH	D	0.69%
MLI	B	0.68%
AGCO	F	0.67%
MAT	D	0.66%
MTCH	F	0.64%
SKX	F	0.63%
CNM	C	0.6%
BWA	D	0.6%
DOX	D	0.59%
ETSY	D	0.57%
MUR	D	0.56%
COLM	C	0.56%
MIDD	D	0.56%
UFPI	C	0.56%
CROX	F	0.52%
SEE	D	0.51%
HRB	D	0.5%
THO	C	0.49%
AYI	B	0.49%
LEA	F	0.48%
HOG	F	0.48%
KRC	C	0.47%
CHRD	F	0.47%
DDS	B	0.45%
ZI	C	0.43%
LEVI	F	0.42%
LPX	B	0.41%
NEU	D	0.4%
AMKR	F	0.35%
RNG	C	0.34%
UAA	C	0.34%
MSM	D	0.29%
APLE	B	0.28%
NVST	C	0.25%
CRI	F	0.23%
MAN	F	0.2%
IPGP	D	0.18%
SHOO	D	0.17%

FLOW Underweight 136 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	A	-7.69%
AAPL	C	-7.13%
MSFT	D	-5.68%
AMZN	B	-3.92%
META	C	-3.01%
BRK.A	B	-2.14%
GOOGL	B	-2.08%
GOOG	B	-1.93%
AVGO	D	-1.89%
JPM	B	-1.87%
XOM	A	-1.54%
MA	B	-1.36%
HD	C	-1.28%
NFLX	A	-1.24%
CRM	B	-1.22%
TSLA	B	-1.18%
BAC	A	-1.14%
ADBE	D	-0.98%
ABBV	F	-0.93%
PM	A	-0.87%
LLY	F	-0.85%
CMCSA	B	-0.85%
CSCO	B	-0.81%
WMT	A	-0.81%
NEE	C	-0.79%
GILD	B	-0.78%
PG	C	-0.77%
MRK	F	-0.76%
UNP	D	-0.75%
LMT	D	-0.74%
SCHW	A	-0.74%
PYPL	B	-0.73%
AMAT	F	-0.72%
JNJ	D	-0.71%
C	B	-0.71%
TJX	A	-0.71%
MU	D	-0.69%
PGR	B	-0.68%
CTAS	B	-0.67%
TT	A	-0.67%
KLAC	F	-0.65%
NOC	D	-0.65%
CI	D	-0.65%
V	A	-0.63%
ABT	B	-0.62%
ECL	D	-0.62%
SQ	A	-0.61%
CSX	C	-0.59%
UNH	B	-0.59%
BDX	F	-0.59%
EXEL	B	-0.55%
SEIC	B	-0.55%
ZBRA	B	-0.54%
CAT	C	-0.53%
TXT	D	-0.52%
CVNA	B	-0.52%
MMC	D	-0.52%
CL	D	-0.52%
NOW	B	-0.51%
GE	D	-0.49%
CMG	C	-0.48%
GRMN	B	-0.45%
SPG	A	-0.43%
CME	A	-0.43%
PFE	F	-0.43%
AXP	B	-0.43%
MSI	A	-0.43%
HWM	A	-0.42%
WM	B	-0.42%
ANF	F	-0.42%
TMO	D	-0.4%
PCAR	C	-0.39%
SPGI	D	-0.38%
SSNC	C	-0.38%
LDOS	C	-0.38%
DIS	B	-0.35%
INCY	C	-0.35%
MEDP	F	-0.33%
PPG	F	-0.33%
F	C	-0.32%
UBER	F	-0.32%
SKYW	B	-0.31%
COST	A	-0.3%
TROW	B	-0.28%
RTX	D	-0.28%
AMGN	D	-0.26%
MSCI	C	-0.26%
ADP	B	-0.26%
TRV	B	-0.25%
LRCX	F	-0.25%
MGM	D	-0.23%
RSG	A	-0.23%
SYK	A	-0.23%
VZ	C	-0.23%
LHX	B	-0.22%
BIIB	F	-0.22%
CACI	D	-0.21%
CVS	D	-0.21%
AMT	D	-0.2%
MMM	D	-0.19%
PEP	F	-0.19%
ALRM	C	-0.19%
TPH	D	-0.18%
LNW	F	-0.17%
ETN	B	-0.16%
PSA	D	-0.16%
BBWI	C	-0.16%
ALLE	D	-0.15%
ITW	B	-0.14%
OXY	D	-0.14%
GL	C	-0.13%
VST	A	-0.13%
CLX	A	-0.13%
BK	B	-0.12%
KR	B	-0.12%
AON	B	-0.12%
WTW	B	-0.11%
DASH	B	-0.11%
LPLA	A	-0.11%
ED	C	-0.1%
IDXX	F	-0.1%
AME	A	-0.09%
NRG	B	-0.09%
TMUS	B	-0.09%
NSC	B	-0.09%
UNM	A	-0.09%
ANET	D	-0.07%
NBIX	C	-0.07%
CINF	A	-0.07%
PLTK	B	-0.07%
UTHR	C	-0.05%
ORCL	A	-0.04%
TNL	B	-0.04%
VEEV	C	-0.04%
TOL	B	-0.02%
PEGA	B	-0.02%