FMET vs. BERZ ETF Comparison

Comparison of Fidelity Metaverse ETF (FMET) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

FMET

Fidelity Metaverse ETF

FMET Description

The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.82

Average Daily Volume

5,234

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$14.75

Average Daily Volume

108,486

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMET	BERZ
30 Days	-1.56%	-12.93%
60 Days	0.21%	-23.47%
90 Days	0.31%	-23.95%
12 Months	11.89%	-70.45%

8 Overlapping Holdings

Symbol	Grade	Weight in FMET	Weight in BERZ	Overlap
AAPL	C	4.27%	6.67%	4.27%
ADBE	F	3.9%	6.67%	3.9%
AMD	F	4.56%	6.67%	4.56%
GOOGL	B	4.73%	6.67%	4.73%
INTC	C	4.16%	6.67%	4.16%
META	C	4.77%	6.67%	4.77%
MSFT	D	4.32%	6.67%	4.32%
NVDA	B	5.75%	6.67%	5.75%

FMET Overweight 28 Positions Relative to BERZ

Symbol	Grade	Weight
QCOM	F	4.19%
EQIX	A	3.38%
ADSK	B	3.24%
DLR	A	3.13%
EA	A	2.51%
RBLX	B	2.37%
TTWO	A	2.34%
PTC	B	2.2%
SNAP	D	2.0%
PINS	F	1.77%
GLOB	C	1.68%
BSY	D	1.59%
ALTR	B	1.45%
U	F	1.37%
SMCI	F	1.15%
CRUS	F	1.04%
AMBA	B	1.03%
FSLY	D	0.83%
EXPI	C	0.82%
MOMO	D	0.72%
BMBL	C	0.71%
WB	D	0.7%
VNET	D	0.69%
HIMX	F	0.67%
DAVA	D	0.66%
PLTK	A	0.64%
TWKS	B	0.54%
HEAR	C	0.52%

FMET Underweight 7 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	A	-6.67%
CRM	B	-6.67%
PANW	B	-6.67%
NFLX	A	-6.67%
MU	D	-6.67%
AVGO	C	-6.67%
AMZN	B	-6.67%