FMET vs. USMC ETF Comparison

Comparison of Fidelity Metaverse ETF (FMET) to Principal U.S. Mega-Cap ETF (USMC)

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

$30.20

Average Daily Volume

4,856

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMC

Principal U.S. Mega-Cap ETF

USMC Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.

Grade (RS Rating)

Last Trade

$56.60

Average Daily Volume

44,457

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMET	USMC
30 Days	8.29%	5.53%
60 Days	8.33%	7.82%
90 Days	-4.12%	2.43%
12 Months	25.21%	32.39%

6 Overlapping Holdings

Symbol	Grade	Weight in FMET	Weight in USMC	Overlap
AAPL	D	4.34%	6.82%	4.34%
AMD	B	5.03%	2.6%	2.6%
GOOGL	C	4.53%	4.01%	4.01%
META	B	4.75%	4.78%	4.75%
MSFT	D	4.39%	6.47%	4.39%
NVDA	B	4.65%	4.35%	4.35%

FMET Overweight 29 Positions Relative to USMC

Symbol	Grade	Weight
QCOM	D	4.15%
ADBE	F	4.05%
INTC	D	3.67%
EQIX	C	3.31%
ADSK	C	2.89%
DLR	C	2.81%
EA	D	2.31%
PTC	D	2.05%
PINS	D	2.03%
TTWO	D	2.02%
RBLX	D	2.01%
SNAP	D	1.77%
BSY	D	1.66%
U	D	1.47%
GLOB	D	1.45%
ALTR	C	1.31%
CRUS	D	1.21%
AMBA	C	0.92%
WB	B	0.9%
VNET	B	0.85%
EXPI	C	0.84%
MOMO	B	0.83%
FSLY	D	0.79%
DAVA	F	0.64%
HIMX	D	0.62%
PLTK	C	0.6%
BMBL	F	0.56%
TWKS	B	0.54%
HEAR	B	0.46%

FMET Underweight 19 Positions Relative to USMC

Symbol	Grade	Weight
BRK.A	C	-5.11%
XOM	A	-4.78%
NFLX	C	-4.74%
MA	B	-4.73%
V	C	-4.6%
PG	D	-4.57%
JPM	C	-4.52%
UNH	C	-4.4%
AVGO	B	-3.75%
AMZN	C	-3.46%
HD	A	-3.39%
ABBV	C	-3.24%
WMT	C	-3.17%
JNJ	D	-3.03%
TSLA	C	-2.76%
COST	D	-2.75%
LLY	D	-2.7%
BAC	B	-2.69%
MRK	F	-2.46%