FMDE vs. TMSL ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.86

Average Daily Volume

149,918

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.42

Average Daily Volume

71,985

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	TMSL
30 Days	6.40%	5.15%
60 Days	8.81%	5.62%
90 Days	10.43%	6.97%
12 Months	38.09%	34.59%

68 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in TMSL	Overlap
ACM	B	0.17%	0.12%	0.12%
AYI	B	0.31%	0.27%	0.27%
BBWI	C	0.04%	0.38%	0.04%
BERY	C	0.46%	0.28%	0.28%
BLD	D	0.32%	0.23%	0.23%
BLDR	D	0.2%	0.25%	0.2%
BRX	A	0.45%	0.43%	0.43%
BURL	B	0.48%	0.53%	0.48%
BWXT	B	0.47%	0.16%	0.16%
CBOE	C	0.27%	0.23%	0.23%
CF	A	0.03%	0.53%	0.03%
CHDN	B	0.12%	0.25%	0.12%
CNP	A	0.52%	0.15%	0.15%
CPAY	A	0.31%	1.23%	0.31%
CVNA	B	0.75%	0.5%	0.5%
CW	C	0.59%	0.49%	0.49%
CWEN	C	0.07%	0.2%	0.07%
CWEN	C	0.04%	0.2%	0.04%
DKNG	B	0.56%	0.39%	0.39%
DOCU	B	0.65%	0.71%	0.65%
DUOL	A	0.33%	0.47%	0.33%
EEFT	B	0.38%	0.23%	0.23%
EG	C	0.06%	0.4%	0.06%
ELAN	D	0.27%	0.26%	0.26%
EME	A	0.31%	0.54%	0.31%
EPR	C	0.03%	0.21%	0.03%
EQH	C	0.62%	0.46%	0.46%
EVRG	A	0.41%	0.2%	0.2%
FIX	A	0.38%	0.16%	0.16%
FTI	A	0.12%	1.23%	0.12%
GDDY	A	0.29%	0.75%	0.29%
HIG	B	0.4%	0.15%	0.15%
HII	F	0.21%	0.75%	0.21%
HUBB	B	0.59%	0.43%	0.43%
HWM	A	0.89%	0.29%	0.29%
LDOS	C	0.6%	0.65%	0.6%
LPLA	A	0.09%	0.27%	0.09%
LPX	B	0.35%	0.3%	0.3%
LSCC	D	0.01%	0.21%	0.01%
LUV	C	0.1%	0.18%	0.1%
MANH	D	0.54%	0.3%	0.3%
MORN	B	0.11%	0.44%	0.11%
NBIX	C	0.44%	0.29%	0.29%
NTNX	B	0.33%	0.59%	0.33%
NTRA	A	0.05%	0.25%	0.05%
NVR	D	0.65%	0.41%	0.41%
NWS	A	0.11%	0.35%	0.11%
OC	A	0.23%	0.3%	0.23%
PCTY	C	0.21%	0.24%	0.21%
REG	A	0.13%	0.36%	0.13%
RGA	A	0.28%	0.51%	0.28%
RS	B	0.3%	0.61%	0.3%
SSNC	B	0.59%	0.75%	0.59%
STLD	B	0.47%	0.54%	0.47%
SWK	D	0.01%	1.44%	0.01%
TDC	D	0.48%	0.14%	0.14%
TNL	A	0.06%	0.4%	0.06%
TOL	B	0.62%	0.6%	0.6%
TOST	B	0.69%	0.43%	0.43%
TW	A	0.22%	0.17%	0.17%
TXRH	B	0.03%	0.2%	0.03%
TXT	D	0.59%	1.17%	0.59%
UHS	D	0.32%	0.34%	0.32%
ULTA	F	0.04%	0.33%	0.04%
USFD	A	0.16%	0.32%	0.16%
WU	F	0.33%	0.62%	0.33%
XRAY	F	0.08%	0.15%	0.08%
ZBRA	B	0.25%	0.57%	0.25%

FMDE Overweight 224 Positions Relative to TMSL

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	A	0.97%
SPG	A	0.96%
CMI	A	0.94%
VST	A	0.94%
PRU	A	0.85%
MSCI	C	0.84%
UAL	A	0.79%
RJF	A	0.78%
CAH	B	0.74%
EXPE	B	0.73%
KR	B	0.73%
STT	B	0.72%
RBLX	C	0.72%
WTW	B	0.72%
ROST	D	0.71%
VEEV	C	0.71%
TWLO	A	0.67%
ZM	C	0.67%
AXON	A	0.67%
PPG	F	0.66%
CSGP	D	0.66%
NRG	B	0.65%
CLX	A	0.65%
KEY	B	0.65%
CCL	A	0.65%
NTAP	C	0.64%
VICI	C	0.63%
AIZ	A	0.63%
FIS	C	0.63%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
HPE	B	0.61%
NUE	C	0.6%
AMP	A	0.6%
INCY	C	0.6%
CCI	C	0.6%
LNG	A	0.59%
EA	A	0.58%
ALLE	C	0.58%
DD	C	0.58%
LYFT	C	0.57%
CNC	D	0.57%
ALL	A	0.57%
DBX	B	0.56%
TRGP	A	0.56%
FTV	C	0.54%
PYPL	B	0.54%
GL	C	0.54%
FFIV	B	0.54%
EXEL	B	0.52%
CTAS	B	0.52%
UNM	A	0.52%
GRMN	B	0.52%
DCI	B	0.52%
COR	B	0.51%
TPR	B	0.51%
GILD	C	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
CACI	D	0.49%
GAP	C	0.49%
AMH	C	0.49%
ECL	D	0.49%
CCK	D	0.48%
TT	A	0.48%
AXTA	B	0.47%
PSA	C	0.46%
NYT	D	0.45%
MEDP	D	0.45%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	B	0.45%
ANF	F	0.45%
NDAQ	A	0.44%
CRUS	D	0.44%
SNX	D	0.44%
LNW	F	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
NVT	B	0.41%
AME	A	0.4%
SOLV	D	0.39%
AM	A	0.39%
CPNG	D	0.39%
PCAR	B	0.38%
IGT	F	0.38%
ALSN	B	0.37%
DHI	F	0.37%
VMI	B	0.37%
KLAC	F	0.36%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	0.35%
UTHR	C	0.35%
ZION	B	0.34%
RNG	C	0.34%
SEE	C	0.34%
IQV	F	0.33%
GIS	D	0.33%
WCC	B	0.33%
EBAY	D	0.32%
Z	A	0.32%
COIN	C	0.31%
DVN	F	0.31%
APP	B	0.3%
LEN	D	0.29%
EQR	C	0.29%
MGM	D	0.28%
XEL	A	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
BAH	F	0.27%
DXCM	C	0.27%
A	D	0.27%
FANG	C	0.26%
ZG	A	0.26%
BMY	B	0.26%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
INGR	C	0.24%
LHX	C	0.24%
SEIC	B	0.24%
CFG	B	0.23%
GTES	A	0.23%
HRB	D	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	C	0.22%
FLS	B	0.21%
DFS	B	0.21%
ADTN	A	0.2%
GPN	B	0.2%
DKS	D	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	A	0.18%
NOC	D	0.18%
MKL	A	0.16%
DASH	B	0.16%
WWD	C	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
CINF	A	0.13%
ATI	C	0.13%
ANSS	B	0.13%
ITT	A	0.12%
AES	F	0.12%
WSM	C	0.11%
CBSH	B	0.11%
IBKR	A	0.11%
GEHC	D	0.11%
EXC	C	0.11%
SYY	D	0.11%
ROP	B	0.1%
CTRE	C	0.1%
AWK	C	0.1%
VLTO	C	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ACGL	C	0.09%
ES	C	0.09%
LEG	F	0.08%
MCHP	F	0.08%
WBD	B	0.08%
VSTS	C	0.07%
JHG	B	0.07%
ADM	D	0.07%
MSA	F	0.07%
AMT	C	0.06%
CI	D	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	D	0.06%
VIRT	A	0.06%
HUM	C	0.06%
L	A	0.06%
NSC	B	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	D	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	B	0.05%
OGE	A	0.04%
DGX	A	0.04%
BIIB	F	0.04%
U	C	0.04%
K	A	0.04%
BBY	D	0.03%
REYN	D	0.03%
AKAM	D	0.03%
BMRN	F	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	A	0.02%
OVV	B	0.02%
ED	C	0.02%
HAL	C	0.02%
MRO	B	0.02%
STAG	D	0.01%
OKE	A	0.01%
HPQ	B	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 189 Positions Relative to TMSL

Symbol	Grade	Weight
SEM	B	-1.35%
MKSI	C	-1.19%
WAL	B	-1.15%
BPOP	C	-1.14%
THC	D	-1.13%
RNR	C	-0.95%
DT	D	-0.87%
REXR	F	-0.84%
ESAB	C	-0.81%
WBS	A	-0.8%
LAMR	C	-0.79%
RPM	A	-0.77%
VOYA	B	-0.67%
BFAM	D	-0.65%
GEN	B	-0.64%
RL	C	-0.63%
TFX	F	-0.61%
INSM	C	-0.59%
CUBE	C	-0.59%
BDC	C	-0.59%
NI	A	-0.59%
VNO	C	-0.58%
CRBG	B	-0.58%
SAIA	B	-0.56%
HBAN	A	-0.56%
PATK	C	-0.56%
SITE	F	-0.55%
OPCH	D	-0.54%
ENTG	D	-0.52%
FBP	C	-0.52%
XPRO	D	-0.52%
STNG	F	-0.52%
MNDY	C	-0.51%
WYNN	C	-0.51%
MWA	B	-0.51%
WING	D	-0.5%
SUM	B	-0.5%
AGCO	D	-0.5%
VTRS	A	-0.5%
IOT	A	-0.49%
CLH	C	-0.48%
APG	B	-0.48%
EWBC	A	-0.48%
WSC	F	-0.48%
COOP	B	-0.47%
ST	F	-0.46%
BLX	B	-0.46%
EXAS	D	-0.45%
TYL	B	-0.45%
TTC	C	-0.45%
EHC	B	-0.45%
OMF	A	-0.45%
MIDD	C	-0.44%
RRC	B	-0.43%
JBL	C	-0.42%
TKR	D	-0.42%
PLNT	A	-0.41%
LRN	A	-0.41%
KFY	B	-0.41%
FMC	D	-0.41%
HOLX	D	-0.4%
VFC	C	-0.39%
AEE	A	-0.39%
AWI	A	-0.39%
FND	D	-0.39%
BCO	F	-0.39%
RYN	D	-0.39%
SUI	C	-0.38%
DPZ	C	-0.38%
NCLH	B	-0.37%
PHIN	A	-0.37%
VRRM	F	-0.37%
PR	B	-0.36%
PTC	B	-0.36%
NXST	C	-0.35%
FITB	B	-0.35%
PCVX	D	-0.34%
RNA	C	-0.34%
UPWK	B	-0.33%
STGW	A	-0.33%
FLO	D	-0.33%
DRH	B	-0.32%
BPMC	B	-0.32%
GEO	B	-0.32%
KMPR	A	-0.32%
DOLE	D	-0.32%
MAIN	A	-0.31%
DOX	D	-0.31%
SKWD	A	-0.31%
RVTY	F	-0.31%
MOH	F	-0.3%
POR	C	-0.3%
EVRI	A	-0.29%
SHOO	F	-0.29%
TECH	F	-0.28%
OFG	B	-0.28%
ASGN	F	-0.28%
LSTR	D	-0.28%
ARMK	B	-0.28%
BJ	A	-0.28%
FCN	F	-0.28%
FTDR	B	-0.27%
ATEN	A	-0.27%
PAYO	A	-0.27%
ELS	C	-0.26%
CASY	A	-0.26%
CPA	D	-0.26%
VNT	C	-0.26%
STEP	C	-0.26%
KRC	B	-0.26%
ELF	C	-0.26%
PFGC	B	-0.25%
PLAB	C	-0.25%
HST	C	-0.25%
KYMR	D	-0.25%
SCI	B	-0.25%
VRTS	B	-0.25%
AZEK	A	-0.24%
MTX	B	-0.24%
MCB	B	-0.24%
GLOB	B	-0.24%
RVMD	C	-0.24%
BLBD	D	-0.24%
BOX	B	-0.24%
CRNX	C	-0.23%
OIS	B	-0.23%
RDDT	A	-0.23%
CTLT	C	-0.23%
TREX	C	-0.23%
WFRD	D	-0.22%
UFPI	C	-0.22%
TDW	F	-0.22%
CELH	F	-0.22%
CRL	D	-0.22%
ESS	B	-0.22%
ALV	C	-0.22%
ALKS	C	-0.21%
ONON	A	-0.21%
VRNT	C	-0.21%
BRZE	C	-0.21%
RGEN	D	-0.21%
WFG	C	-0.21%
LPRO	B	-0.21%
PK	C	-0.2%
SWN	C	-0.2%
PRDO	B	-0.2%
KEX	B	-0.2%
THG	A	-0.2%
NWE	B	-0.19%
OLLI	D	-0.19%
HAFC	B	-0.19%
NFG	A	-0.19%
BGNE	D	-0.18%
AHH	D	-0.18%
LEGN	D	-0.18%
RARE	F	-0.18%
PBH	A	-0.17%
ENS	F	-0.17%
WDC	D	-0.17%
PLUS	F	-0.16%
AVNT	B	-0.16%
BFS	C	-0.16%
AVY	F	-0.16%
REPL	D	-0.16%
SRPT	F	-0.16%
VERA	C	-0.16%
GMRE	F	-0.15%
CVLT	B	-0.15%
WTTR	A	-0.15%
NRIX	C	-0.14%
AMAL	B	-0.14%
ESNT	F	-0.13%
XNCR	B	-0.12%
ASND	F	-0.12%
NTLA	F	-0.11%
MDGL	B	-0.11%
ACAD	C	-0.11%
CLDX	F	-0.11%
IONS	F	-0.11%
AKRO	B	-0.11%
IDYA	F	-0.1%
ANET	C	-0.1%
APPF	B	-0.08%
RCKT	F	-0.08%
BXC	B	-0.08%
PRTA	F	-0.07%
SRRK	C	-0.06%
PLRX	D	-0.06%
SWTX	C	-0.04%