FMED vs. PSCH ETF Comparison

Comparison of Fidelity Disruptive Medicine ETF (FMED) to PowerShares S&P SmallCap Health Care Portfolio (PSCH)

FMED

Fidelity Disruptive Medicine ETF

FMED Description

The fund normally invests at least 80% of assets in securities of disruptive medicine companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

4,772

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCH

PowerShares S&P SmallCap Health Care Portfolio

PSCH Description

The PowerShares S&P SmallCap Health Care Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Health Care Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks in the health care sector. Included are healthcare companies principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$45.92

Average Daily Volume

12,059

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMED	PSCH
30 Days	-3.41%	3.39%
60 Days	-4.25%	-1.56%
90 Days	-2.27%	-1.86%
12 Months	17.18%	22.54%

4 Overlapping Holdings

Symbol	Grade	Weight in FMED	Weight in PSCH	Overlap
GKOS	B	1.42%	5.03%	1.42%
INSP	D	1.92%	3.5%	1.92%
PRVA	C	1.34%	1.44%	1.34%
TNDM	D	1.0%	1.26%	1.0%

FMED Overweight 48 Positions Relative to PSCH

Symbol	Grade	Weight
BSX	A	6.26%
UNH	B	4.7%
PODD	C	4.44%
ISRG	A	4.42%
DHR	F	3.8%
ARGX	B	3.27%
REGN	F	3.26%
ALNY	D	2.9%
SYK	B	2.73%
EXAS	D	2.72%
PEN	B	2.64%
LFST	B	2.41%
VEEV	C	2.18%
MASI	B	2.01%
LEGN	D	1.95%
EW	C	1.95%
DXCM	C	1.88%
TMO	F	1.87%
LLY	F	1.78%
PRCT	B	1.65%
ZLAB	C	1.54%
AGL	F	1.43%
RGEN	D	1.34%
KROS	D	1.34%
JANX	C	1.32%
RMD	C	1.3%
CRNX	C	1.23%
CYTK	F	1.19%
XENE	D	1.17%
DOCS	C	1.14%
DYN	F	1.13%
PCVX	D	1.13%
BRKR	D	1.12%
WST	C	1.01%
PHR	F	0.99%
CNC	D	0.98%
ASND	F	0.88%
VRTX	D	0.84%
ALGN	D	0.72%
TXG	F	0.63%
NTRA	A	0.56%
ACLX	C	0.45%
DNLI	D	0.45%
NRIX	C	0.44%
IRTC	C	0.44%
DAWN	D	0.41%
BNTX	C	0.4%
ANAB	F	0.24%

FMED Underweight 65 Positions Relative to PSCH

Symbol	Grade	Weight
MMSI	A	-4.05%
RDNT	B	-3.44%
CORT	B	-3.27%
ADMA	B	-3.05%
ALKS	C	-3.03%
ITGR	B	-3.02%
KRYS	C	-2.97%
ICUI	D	-2.78%
PBH	A	-2.7%
HIMS	B	-2.66%
TGTX	B	-2.64%
OGN	F	-2.6%
SEM	B	-2.58%
CRVL	B	-2.16%
TMDX	F	-1.81%
VCEL	B	-1.73%
NARI	C	-1.72%
PTGX	D	-1.59%
PINC	B	-1.57%
CPRX	C	-1.55%
CNMD	C	-1.46%
ADUS	D	-1.42%
LMAT	A	-1.42%
OMCL	C	-1.42%
UFPT	C	-1.36%
LGND	C	-1.36%
SUPN	C	-1.3%
NEO	C	-1.29%
ASTH	F	-1.13%
FTRE	D	-1.13%
AMPH	F	-1.12%
PDCO	F	-1.1%
NHC	C	-1.02%
IART	C	-1.0%
XNCR	B	-0.96%
DVAX	C	-0.95%
MYGN	F	-0.92%
USPH	B	-0.91%
STAA	F	-0.87%
HRMY	D	-0.84%
MD	C	-0.82%
PGNY	F	-0.73%
CERT	F	-0.73%
INVA	D	-0.7%
AHCO	F	-0.68%
AORT	B	-0.67%
AMN	F	-0.67%
SDGR	C	-0.67%
COLL	F	-0.63%
OMI	F	-0.61%
ANIP	F	-0.61%
EMBC	C	-0.56%
AVNS	F	-0.56%
RCUS	F	-0.52%
PCRX	C	-0.51%
HSTM	B	-0.5%
BLFS	C	-0.49%
CTKB	C	-0.43%
VIR	D	-0.43%
IRWD	F	-0.38%
MLAB	F	-0.37%
PAHC	C	-0.33%
SLP	D	-0.31%
RGNX	D	-0.31%
FLGT	F	-0.22%