FSMD vs. VNQ ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to Vanguard REIT ETF - DNQ (VNQ)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.02

Average Daily Volume

89,711

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$96.40

Average Daily Volume

3,982,531

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	VNQ
30 Days	0.58%	2.60%
60 Days	5.66%	6.94%
90 Days	9.66%	17.20%
12 Months	30.42%	35.85%

38 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in VNQ	Overlap
AAT	C	0.1%	0.08%	0.08%
ADC	B	0.21%	0.42%	0.21%
ALX	C	0.09%	0.03%	0.03%
AMH	D	0.29%	0.74%	0.29%
BNL	B	0.15%	0.2%	0.15%
BRX	B	0.23%	0.47%	0.23%
BXP	C	0.28%	0.64%	0.28%
CPT	C	0.31%	0.76%	0.31%
CTRE	B	0.17%	0.24%	0.17%
CUBE	C	0.29%	0.66%	0.29%
CUZ	C	0.16%	0.25%	0.16%
DEA	D	0.11%	0.07%	0.07%
DEI	A	0.13%	0.15%	0.13%
ELS	D	0.3%	0.73%	0.3%
EPRT	C	0.19%	0.32%	0.19%
EQC	D	0.12%	0.12%	0.12%
FR	C	0.2%	0.43%	0.2%
FRT	B	0.23%	0.49%	0.23%
HIW	C	0.14%	0.19%	0.14%
JLL	B	0.29%	0.69%	0.29%
KRC	C	0.15%	0.23%	0.15%
LAMR	C	0.28%	0.63%	0.28%
LTC	C	0.11%	0.09%	0.09%
NHI	C	0.15%	0.2%	0.15%
NNN	A	0.23%	0.49%	0.23%
NSA	C	0.14%	0.19%	0.14%
OHI	C	0.26%	0.55%	0.26%
OLP	C	0.09%	0.03%	0.03%
PDM	C	0.11%	0.07%	0.07%
PGRE	D	0.09%	0.05%	0.05%
REG	B	0.28%	0.72%	0.28%
REXR	D	0.27%	0.63%	0.27%
RMR	B	0.08%	0.02%	0.02%
SHO	D	0.12%	0.11%	0.11%
STAG	D	0.2%	0.42%	0.2%
UE	B	0.13%	0.14%	0.13%
WSR	B	0.09%	0.03%	0.03%
XHR	C	0.11%	0.08%	0.08%

FSMD Overweight 541 Positions Relative to VNQ

Symbol	Grade	Weight
NRG	A	0.43%
EME	C	0.42%
TPL	B	0.4%
LII	C	0.4%
MANH	C	0.38%
LYV	A	0.37%
THC	C	0.37%
UTHR	B	0.36%
NTNX	D	0.35%
TOL	A	0.35%
UHS	D	0.34%
RPM	C	0.34%
IBKR	A	0.34%
GWRE	A	0.34%
PNR	A	0.34%
NTRA	B	0.34%
TW	A	0.33%
PSTG	F	0.33%
WSO	B	0.33%
RGA	C	0.32%
DUOL	B	0.32%
ERIE	A	0.32%
RNR	A	0.32%
OC	B	0.31%
GGG	B	0.31%
ROL	B	0.31%
NWSA	D	0.31%
FIX	B	0.31%
L	D	0.31%
PCVX	B	0.31%
SNA	B	0.31%
EQH	C	0.3%
WING	B	0.3%
NDSN	B	0.3%
CASY	D	0.3%
ACM	B	0.3%
SW	B	0.29%
FTI	B	0.29%
JNPR	C	0.29%
DKS	D	0.29%
SCI	C	0.28%
TTEK	B	0.28%
BSY	D	0.28%
ALLE	A	0.28%
CHRW	A	0.28%
TXRH	B	0.28%
CW	A	0.28%
TFX	B	0.28%
BLD	C	0.28%
TPR	B	0.27%
SRPT	F	0.27%
CLH	C	0.27%
ITT	B	0.27%
NBIX	F	0.26%
MTCH	C	0.26%
NVT	D	0.26%
ONTO	C	0.26%
AIZ	A	0.26%
SOLV	D	0.26%
EWBC	D	0.26%
SFM	A	0.26%
GL	C	0.25%
SF	A	0.25%
KNSL	D	0.25%
DOX	B	0.25%
BJ	D	0.25%
UNM	A	0.25%
CHK	C	0.25%
INCY	B	0.25%
NYT	B	0.25%
EHC	B	0.25%
CACI	A	0.25%
ATR	A	0.25%
ENSG	D	0.24%
OGE	A	0.24%
HRB	C	0.24%
CPB	D	0.24%
PRI	A	0.24%
CHE	B	0.24%
LECO	F	0.24%
EVR	C	0.24%
DTM	A	0.24%
TPX	B	0.24%
TAP	D	0.24%
AOS	B	0.24%
RGLD	C	0.24%
CIEN	B	0.24%
WAL	C	0.24%
EXP	C	0.24%
WWD	B	0.24%
DVA	B	0.24%
OLED	C	0.23%
SKX	C	0.23%
HLI	B	0.23%
INGR	A	0.23%
ORI	A	0.23%
HSIC	C	0.23%
BFAM	C	0.23%
MUSA	D	0.23%
WMS	D	0.23%
AFG	B	0.23%
SNX	C	0.23%
HII	D	0.23%
BWXT	A	0.23%
CROX	C	0.23%
OWL	B	0.23%
FHN	D	0.22%
MHK	B	0.22%
DOCS	B	0.22%
BRBR	B	0.22%
GMED	D	0.22%
LNTH	C	0.22%
CMA	C	0.22%
EXEL	C	0.22%
GPK	B	0.22%
MORN	C	0.22%
HRL	F	0.22%
FN	C	0.22%
CHRD	F	0.22%
CHDN	D	0.22%
VOYA	A	0.22%
ALLY	F	0.22%
TMHC	B	0.21%
HALO	D	0.21%
ALSN	A	0.21%
BERY	C	0.21%
MASI	C	0.21%
ADMA	B	0.21%
TTC	D	0.21%
WBS	D	0.21%
AYI	A	0.21%
DCI	B	0.21%
BWA	C	0.21%
RL	B	0.21%
RBC	B	0.21%
PLNT	C	0.21%
AIT	A	0.21%
CR	C	0.2%
CBSH	D	0.2%
ANF	D	0.2%
MMSI	C	0.2%
MTG	B	0.2%
CNX	A	0.2%
ARW	C	0.2%
GNTX	F	0.2%
MEDP	F	0.2%
GKOS	C	0.2%
ESNT	C	0.2%
SEIC	B	0.2%
MTN	D	0.2%
BPOP	D	0.2%
SN	B	0.2%
UFPI	B	0.2%
PI	B	0.2%
SSD	C	0.2%
FCN	B	0.2%
ELAN	D	0.2%
MLI	B	0.2%
DINO	F	0.2%
HLNE	A	0.2%
AAON	B	0.2%
MTH	B	0.2%
AXTA	C	0.2%
NOVT	D	0.19%
CRUS	D	0.19%
OLLI	C	0.19%
AXS	A	0.19%
ZION	D	0.19%
JXN	B	0.19%
RLI	A	0.19%
SAIC	B	0.19%
SPSC	D	0.19%
WH	C	0.19%
VRNS	C	0.19%
BMI	A	0.19%
WTFC	C	0.19%
ACI	F	0.19%
CRBG	C	0.19%
CVLT	C	0.19%
RGEN	F	0.19%
BRKR	D	0.19%
NFG	A	0.19%
LSTR	D	0.18%
IBP	C	0.18%
SIGI	D	0.18%
MGY	C	0.18%
EXLS	B	0.18%
THG	A	0.18%
ALTR	C	0.18%
WMG	D	0.18%
COKE	B	0.18%
R	C	0.18%
NSIT	C	0.18%
G	A	0.18%
ALV	F	0.18%
MTSI	C	0.18%
COOP	C	0.18%
RHI	D	0.18%
UGI	C	0.18%
KBH	C	0.18%
FLS	B	0.18%
CNM	F	0.18%
WFRD	F	0.18%
DBX	C	0.18%
CBT	B	0.18%
RDNT	C	0.18%
SNV	D	0.18%
BPMC	F	0.17%
MOG.A	B	0.17%
ESTC	F	0.17%
RDN	D	0.17%
ITGR	C	0.17%
ASO	D	0.17%
DY	C	0.17%
EXPO	B	0.17%
QTWO	C	0.17%
APPF	C	0.17%
BKH	B	0.17%
BCPC	C	0.17%
GPI	C	0.17%
OSK	F	0.17%
PRCT	C	0.17%
ESI	B	0.17%
ESAB	C	0.17%
KNF	C	0.17%
NXST	D	0.17%
AMG	C	0.17%
CSWI	B	0.17%
CMC	C	0.17%
ACIW	A	0.17%
TREX	D	0.17%
ACLX	C	0.17%
POST	B	0.17%
MSA	D	0.17%
ZETA	B	0.17%
MATX	B	0.16%
AROC	C	0.16%
OGN	D	0.16%
KTB	B	0.16%
MHO	A	0.16%
CIVI	F	0.16%
FSS	B	0.16%
AVT	B	0.16%
BCC	B	0.16%
VNT	F	0.16%
VMI	B	0.16%
ALKS	C	0.16%
MMS	A	0.16%
WTS	B	0.16%
CORT	B	0.16%
MDU	C	0.16%
BYD	C	0.16%
NWE	A	0.16%
STRL	C	0.16%
SLM	C	0.16%
ALE	A	0.16%
UMBF	C	0.16%
HOG	C	0.16%
PIPR	C	0.16%
SON	D	0.16%
EWTX	B	0.16%
KD	F	0.16%
VVV	D	0.16%
AGCO	D	0.16%
OMF	D	0.16%
SR	A	0.16%
AWI	A	0.16%
PLXS	B	0.15%
FUL	F	0.15%
CNO	C	0.15%
SHOO	A	0.15%
TDS	B	0.15%
ESGR	D	0.15%
PBH	D	0.15%
QLYS	F	0.15%
PSN	A	0.15%
DORM	C	0.15%
AN	B	0.15%
CEIX	B	0.15%
LOPE	D	0.15%
SUM	D	0.15%
ABG	D	0.15%
FLO	C	0.15%
LRN	C	0.15%
EEFT	F	0.15%
WU	D	0.15%
ASGN	D	0.15%
TPH	B	0.15%
TKR	B	0.15%
KRYS	D	0.15%
DLB	D	0.15%
TENB	F	0.15%
FTDR	C	0.15%
BCO	A	0.15%
WLK	B	0.15%
BTU	B	0.15%
ZWS	A	0.15%
AXNX	A	0.15%
ADUS	C	0.14%
CHH	C	0.14%
PRGS	B	0.14%
FELE	B	0.14%
SANM	D	0.14%
VRRM	D	0.14%
TNL	B	0.14%
TGNA	B	0.14%
PJT	C	0.14%
IDCC	A	0.14%
SLVM	C	0.14%
VIRT	C	0.14%
NEU	F	0.14%
ASH	F	0.14%
LBRT	F	0.14%
ZD	D	0.14%
DXC	D	0.14%
FBP	D	0.14%
PEGA	C	0.14%
AMED	D	0.14%
SEM	D	0.14%
CPRX	C	0.14%
FHI	C	0.14%
CRVL	C	0.14%
PATK	B	0.14%
AGR	C	0.14%
CRNX	D	0.14%
SLGN	A	0.14%
CVCO	A	0.14%
BGC	B	0.14%
ACA	C	0.14%
AEO	C	0.14%
NMIH	C	0.14%
AVA	B	0.14%
STNG	D	0.14%
OZK	F	0.14%
SKYW	B	0.13%
CALM	A	0.13%
UFPT	D	0.13%
AX	D	0.13%
INSW	C	0.13%
ATGE	C	0.13%
GPOR	B	0.13%
MSM	D	0.13%
COLM	B	0.13%
BRC	C	0.13%
PAG	D	0.13%
ENS	C	0.13%
IBOC	D	0.13%
LANC	F	0.13%
ASB	F	0.13%
KFY	C	0.13%
WEN	C	0.13%
ROAD	C	0.13%
PLMR	D	0.13%
FORM	F	0.13%
WDFC	C	0.13%
PBF	F	0.13%
LEVI	B	0.13%
GNW	C	0.13%
PLUS	C	0.13%
YELP	F	0.13%
CATY	D	0.13%
FULT	D	0.13%
KAI	C	0.13%
ASTH	B	0.13%
APAM	C	0.13%
SXT	C	0.13%
AMKR	F	0.13%
OTTR	F	0.13%
GHC	B	0.13%
HAE	D	0.13%
ENVA	C	0.12%
VGR	C	0.12%
CBZ	F	0.12%
MIR	B	0.12%
SUPN	D	0.12%
IDT	C	0.12%
VCEL	F	0.12%
GTES	C	0.12%
AMRX	A	0.12%
CACC	F	0.12%
VSTO	D	0.12%
OSIS	B	0.12%
OFG	D	0.12%
RUSHA	C	0.12%
TWST	D	0.12%
POWL	A	0.12%
HCC	D	0.12%
SNEX	C	0.12%
LMAT	B	0.12%
SBH	B	0.12%
PHIN	D	0.12%
VCTR	C	0.12%
TK	B	0.12%
HIMS	C	0.12%
PRIM	C	0.12%
ICFI	C	0.12%
MWA	B	0.12%
AMPH	C	0.12%
SQSP	A	0.12%
BKE	C	0.11%
GNE	D	0.11%
SPOK	D	0.11%
BHE	C	0.11%
PLAB	D	0.11%
SPNT	D	0.11%
ALRM	F	0.11%
WSBC	D	0.11%
FF	B	0.11%
AGX	B	0.11%
ACT	C	0.11%
HCI	C	0.11%
LZB	C	0.11%
KURA	D	0.11%
CASH	D	0.11%
AZZ	C	0.11%
REYN	C	0.11%
SCHL	D	0.11%
LGND	D	0.11%
CNXC	F	0.11%
HMN	C	0.11%
ARCH	D	0.11%
CHCO	D	0.11%
PAHC	C	0.11%
STRA	F	0.11%
UTL	C	0.11%
NHC	D	0.11%
HUBG	D	0.11%
PINC	F	0.11%
HWKN	A	0.11%
GIII	C	0.11%
EPAC	C	0.11%
IESC	B	0.11%
MGRC	D	0.11%
MTX	D	0.11%
SKWD	B	0.11%
IOSP	F	0.11%
USM	C	0.11%
UNF	B	0.11%
PLTK	C	0.11%
ADTN	C	0.11%
MCY	B	0.11%
TNK	D	0.11%
AMAL	D	0.1%
MCB	C	0.1%
ASC	D	0.1%
PFBC	D	0.1%
USPH	F	0.1%
SCSC	D	0.1%
UVSP	D	0.1%
VSH	F	0.1%
PRDO	D	0.1%
SSTK	F	0.1%
ROCK	D	0.1%
INFA	D	0.1%
WINA	D	0.1%
WABC	F	0.1%
DDS	D	0.1%
USLM	C	0.1%
ATEN	C	0.1%
MCRI	B	0.1%
LPG	F	0.1%
AMR	F	0.1%
QCRH	D	0.1%
CTS	D	0.1%
CPF	C	0.1%
UVE	C	0.1%
PPC	A	0.1%
INVA	B	0.1%
SCVL	C	0.1%
URBN	F	0.1%
COLL	B	0.1%
EIG	B	0.1%
GOLF	F	0.1%
REX	D	0.1%
HNI	B	0.1%
ZYXI	F	0.09%
CXW	F	0.09%
OSUR	F	0.09%
IMKTA	F	0.09%
FIZZ	C	0.09%
GEO	F	0.09%
MRVI	D	0.09%
MSBI	D	0.09%
CASS	D	0.09%
UTMD	F	0.09%
ETH	D	0.09%
TPC	B	0.09%
HCKT	C	0.09%
CFB	D	0.09%
THFF	D	0.09%
TNC	F	0.09%
CWCO	F	0.09%
CSV	C	0.09%
CRAI	B	0.09%
EGY	D	0.09%
APOG	B	0.09%
ANIP	D	0.09%
SMP	D	0.09%
STAA	D	0.09%
IBCP	D	0.09%
TRNS	D	0.09%
CNXN	C	0.09%
KLG	D	0.09%
ANDE	D	0.09%
CTBI	D	0.09%
PEBO	D	0.09%
TPB	B	0.09%
SRCE	D	0.09%
HSTM	B	0.09%
VECO	F	0.09%
HSII	B	0.08%
HE	F	0.08%
KFRC	F	0.08%
AMN	F	0.08%
VNDA	F	0.08%
CECO	D	0.08%
HCSG	D	0.08%
CUBI	F	0.08%
NSSC	F	0.08%
SCS	D	0.08%
JBSS	F	0.08%
UTI	D	0.08%
NVEC	F	0.08%
EBF	B	0.08%
BRY	F	0.08%
BBSI	A	0.08%
SMLR	F	0.07%
SIGA	F	0.07%
METC	D	0.07%
KELYA	D	0.07%
MLR	D	0.07%
SXC	F	0.07%
AMCX	F	0.07%
GIC	D	0.07%
NPK	F	0.07%
SLP	F	0.07%
PANL	D	0.07%
IMMR	D	0.06%
KRT	F	0.06%
JBI	F	0.06%
CLW	F	0.05%

FSMD Underweight 105 Positions Relative to VNQ

Symbol	Grade	Weight
PLD	D	-6.7%
AMT	C	-5.93%
EQIX	B	-4.37%
WELL	B	-4.0%
SPG	A	-3.09%
PSA	C	-3.08%
O	A	-3.06%
DLR	C	-2.79%
CCI	A	-2.76%
EXR	C	-2.12%
CBRE	A	-2.0%
IRM	B	-1.88%
VICI	C	-1.82%
AVB	C	-1.82%
CSGP	F	-1.79%
EQR	C	-1.45%
VTR	B	-1.42%
SBAC	B	-1.38%
INVH	D	-1.28%
WY	B	-1.26%
ESS	C	-1.1%
ARE	D	-1.07%
MAA	C	-1.07%
SUI	C	-0.95%
KIM	C	-0.89%
DOC	B	-0.89%
GLPI	B	-0.8%
UDR	C	-0.79%
WPC	C	-0.74%
HST	D	-0.71%
EGP	D	-0.51%
Z	C	-0.49%
COLD	D	-0.44%
TRNO	D	-0.38%
RHP	C	-0.34%
VNO	B	-0.32%
KRG	C	-0.32%
PECO	C	-0.26%
IRT	C	-0.26%
RYN	C	-0.25%
SLG	C	-0.24%
SBRA	C	-0.22%
MAC	B	-0.2%
PCH	C	-0.2%
IIPR	C	-0.2%
EPR	C	-0.2%
APLE	D	-0.19%
SKT	A	-0.19%
PK	D	-0.18%
ZG	C	-0.17%
CWK	C	-0.17%
LXP	D	-0.17%
FCPT	C	-0.15%
MPW	C	-0.15%
HHH	B	-0.14%
OUT	C	-0.13%
AKR	B	-0.13%
COMP	C	-0.12%
JOE	D	-0.12%
DBRG	D	-0.12%
ROIC	B	-0.11%
NMRK	B	-0.11%
IVT	B	-0.11%
GNL	D	-0.1%
DRH	D	-0.1%
ESRT	C	-0.09%
PEB	D	-0.09%
GTY	B	-0.09%
ALEX	D	-0.08%
JBGS	C	-0.08%
RLJ	D	-0.08%
AIV	C	-0.07%
KW	C	-0.07%
NTST	D	-0.07%
OPEN	F	-0.07%
UMH	C	-0.07%
PLYM	D	-0.06%
MMI	C	-0.06%
RDFN	C	-0.06%
UNIT	C	-0.06%
NXRT	D	-0.06%
CSR	D	-0.06%
AHH	F	-0.05%
EXPI	C	-0.05%
BDN	A	-0.05%
FOR	D	-0.04%
HPP	F	-0.04%
INN	B	-0.04%
SVC	F	-0.04%
LAND	D	-0.03%
FPI	D	-0.03%
PKST	D	-0.03%
CHCT	F	-0.03%
BFS	B	-0.03%
GMRE	C	-0.03%
DHC	B	-0.03%
UHT	C	-0.03%
GOOD	A	-0.03%
CBL	D	-0.02%
TRC	D	-0.02%
CLDT	D	-0.02%
OPI	F	-0.01%
SRG	F	-0.01%
NXDT	D	-0.01%
CIO	C	-0.01%