FMAT vs. SDD ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to ProShares UltraShort SmallCap600 (SDD)

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.47

Average Daily Volume

34,573

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.02

Average Daily Volume

5,142

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	SDD
30 Days	2.67%	-2.98%
60 Days	3.31%	-3.56%
90 Days	5.10%	-17.11%
12 Months	16.92%	-31.10%

4 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in SDD	Overlap
BCPC	C	0.39%	0.44%	0.39%
FUL	D	0.31%	0.32%	0.31%
IOSP	D	0.19%	0.33%	0.19%
KWR	D	0.17%	0.28%	0.17%

FMAT Overweight 106 Positions Relative to SDD

Symbol	Grade	Weight
LIN	B	16.17%
SHW	B	6.48%
ECL	B	4.64%
APD	B	4.48%
NEM	B	4.39%
FCX	D	4.32%
CTVA	B	2.79%
DOW	D	2.54%
NUE	F	2.43%
DD	B	2.42%
MLM	D	2.29%
VMC	D	2.25%
PPG	C	2.12%
IFF	B	1.9%
LYB	F	1.76%
SW	B	1.67%
BALL	C	1.47%
PKG	B	1.35%
AVY	D	1.27%
STLD	D	1.19%
IP	B	1.14%
AMCR	C	1.13%
RS	D	1.13%
RPM	B	1.1%
CF	B	1.02%
CE	D	0.94%
EMN	B	0.84%
CCK	A	0.78%
ALB	F	0.75%
ATR	B	0.72%
RGLD	B	0.67%
EXP	B	0.65%
GPK	B	0.65%
MOS	F	0.58%
FMC	C	0.56%
ATI	C	0.56%
X	D	0.56%
AXTA	C	0.55%
BERY	B	0.54%
AA	D	0.53%
CRS	B	0.47%
LPX	B	0.44%
ESI	D	0.42%
CBT	B	0.41%
CMC	D	0.41%
CLF	F	0.39%
WLK	D	0.38%
SON	C	0.38%
OLN	D	0.36%
SEE	D	0.34%
SUM	C	0.33%
KNF	B	0.32%
SLGN	B	0.31%
AVNT	B	0.3%
NEU	D	0.29%
ASH	D	0.29%
HL	C	0.28%
HUN	D	0.26%
CDE	C	0.2%
HCC	F	0.2%
SMG	C	0.2%
SLVM	B	0.19%
SXT	C	0.19%
CC	F	0.18%
MTX	D	0.17%
HWKN	B	0.17%
AMR	F	0.16%
MTRN	D	0.15%
ARCH	F	0.15%
OI	D	0.13%
PRM	B	0.12%
SCL	D	0.12%
MP	D	0.12%
GEF	D	0.11%
ASPN	D	0.11%
TROX	F	0.1%
NGVT	F	0.09%
KALU	F	0.08%
PCT	C	0.07%
USLM	B	0.07%
OEC	F	0.07%
TRS	D	0.07%
MATV	B	0.07%
WS	C	0.07%
HAYN	D	0.06%
KOP	F	0.06%
SXC	F	0.05%
ECVT	F	0.05%
ASIX	C	0.05%
CENX	D	0.05%
PTVE	D	0.04%
IE	F	0.04%
RYI	F	0.04%
MTUS	F	0.04%
GATO	C	0.04%
LXU	D	0.03%
ZEUS	F	0.03%
RDUS	D	0.03%
MYE	D	0.03%
CLW	F	0.03%
KRO	D	0.02%
MERC	F	0.02%
GEF	D	0.02%
PACK	D	0.02%
METC	F	0.02%
CMP	D	0.02%

FMAT Underweight 88 Positions Relative to SDD

Symbol	Grade	Weight
DAR	F	-0.61%
GBCI	B	-0.49%
BLD	D	-0.48%
JBT	D	-0.47%
EXPO	B	-0.47%
NEOG	C	-0.47%
VIAV	D	-0.46%
OMCL	C	-0.46%
CBU	C	-0.46%
STRA	D	-0.45%
NEO	C	-0.43%
SSD	C	-0.43%
SHOO	B	-0.42%
AVA	B	-0.42%
SKYW	C	-0.42%
B	D	-0.41%
AWR	B	-0.41%
UNF	B	-0.41%
LAD	C	-0.41%
ONB	C	-0.4%
AMN	F	-0.4%
CNMD	D	-0.4%
CCOI	C	-0.39%
ADC	C	-0.39%
POWI	F	-0.39%
ITRI	C	-0.39%
UFPI	C	-0.38%
SFNC	B	-0.38%
MOG.A	B	-0.38%
BRC	B	-0.37%
CVBF	C	-0.37%
PRLB	D	-0.37%
ITGR	B	-0.37%
WTS	C	-0.36%
JJSF	C	-0.36%
QLYS	F	-0.36%
AEIS	D	-0.36%
ABCB	B	-0.36%
CROX	C	-0.36%
INDB	C	-0.35%
WING	B	-0.35%
WWW	B	-0.35%
LCII	C	-0.35%
COLB	B	-0.35%
ABM	D	-0.34%
WDFC	B	-0.34%
FOXF	F	-0.34%
LXP	B	-0.34%
SEM	D	-0.33%
ESE	B	-0.33%
AIT	C	-0.33%
IRDM	D	-0.33%
ARI	F	-0.33%
ROG	D	-0.32%
CWT	C	-0.32%
MEDP	D	-0.32%
GTLS	F	-0.32%
MNRO	D	-0.32%
SAIA	D	-0.32%
NSIT	C	-0.32%
LPSN	F	-0.32%
AIN	D	-0.31%
SANM	D	-0.31%
HI	F	-0.31%
DIOD	F	-0.31%
EBS	D	-0.31%
IVR	C	-0.31%
EXLS	C	-0.31%
FN	D	-0.31%
FELE	C	-0.3%
PMT	B	-0.3%
SPXC	C	-0.3%
ALGT	F	-0.3%
MTH	B	-0.3%
ENSG	C	-0.3%
KFY	B	-0.3%
FFBC	C	-0.3%
ACA	C	-0.29%
AAT	B	-0.29%
DORM	B	-0.29%
NMIH	B	-0.29%
PLXS	B	-0.29%
XHR	C	-0.29%
CUB	D	-0.28%
PRGS	C	-0.28%
FBP	C	-0.28%
AKR	C	-0.28%
NWN	B	-0.28%