IPAY vs. FFLG ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$47.53

Average Daily Volume

21,065

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$24.32

Average Daily Volume

48,538

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	FFLG
30 Days	-1.31%	5.37%
60 Days	-3.12%	10.70%
90 Days	-6.51%	11.08%
12 Months	13.11%	45.98%

6 Overlapping Holdings

Symbol	Grade	Weight in IPAY	Weight in FFLG	Overlap
DLO	F	0.33%	0.51%	0.33%
GPN	D	4.13%	1.32%	1.32%
MA	C	6.1%	0.59%	0.59%
MQ	C	1.06%	0.87%	0.87%
SQ	C	4.17%	1.85%	1.85%
V	C	6.03%	1.57%	1.57%

IPAY Overweight 20 Positions Relative to FFLG

Symbol	Grade	Weight
AXP	C	5.96%
PYPL	D	5.74%
COIN	C	5.13%
DFS	B	4.69%
CPAY	D	4.58%
FIS	B	4.53%
TOST	B	4.53%
WEX	D	3.64%
AFRM	F	3.05%
FOUR	B	2.46%
EEFT	D	2.43%
ACIW	A	1.85%
WU	D	1.66%
STNE	D	1.63%
QTWO	B	1.54%
PAGS	C	0.95%
EVTC	F	0.93%
IMXI	F	0.31%
GDOT	F	0.3%
QIWI	D	0.0%

IPAY Underweight 94 Positions Relative to FFLG

Symbol	Grade	Weight
MSFT	A	-10.56%
NVDA	B	-7.82%
META	A	-5.36%
AMZN	A	-5.21%
GOOG	A	-4.66%
UBER	B	-3.45%
TMUS	B	-2.86%
GOOGL	A	-2.8%
ROKU	C	-2.65%
AAPL	A	-2.2%
UNH	D	-2.14%
AMD	B	-1.93%
ON	C	-1.9%
BSX	B	-1.88%
FLEX	D	-1.84%
NXPI	B	-1.81%
SE	B	-1.73%
LLY	A	-1.25%
VRT	C	-1.2%
LPLA	B	-1.04%
ADBE	B	-1.01%
FND	F	-0.97%
MDB	D	-0.92%
ORCL	A	-0.91%
HUM	C	-0.89%
SNAP	B	-0.87%
EPAM	F	-0.86%
NOW	A	-0.84%
MRVL	C	-0.8%
CRM	C	-0.77%
BA	C	-0.74%
ZI	F	-0.68%
DT	F	-0.67%
CVNA	B	-0.66%
PCG	D	-0.64%
DDOG	B	-0.64%
TSM	A	-0.64%
INTU	A	-0.58%
HUBS	C	-0.55%
CYTK	D	-0.55%
NFLX	A	-0.55%
PEN	D	-0.54%
CNC	D	-0.5%
CEG	B	-0.49%
JBL	F	-0.47%
AGL	D	-0.46%
TMDX	A	-0.46%
TMO	D	-0.42%
BJ	B	-0.4%
PCVX	B	-0.4%
LOW	D	-0.4%
DHR	D	-0.38%
AMT	B	-0.38%
INTA	C	-0.36%
AR	D	-0.34%
LYFT	F	-0.29%
MGNI	B	-0.29%
GFS	C	-0.28%
AMAT	B	-0.26%
LITE	B	-0.26%
ACVA	C	-0.25%
DV	D	-0.23%
ARGX	B	-0.22%
OVV	D	-0.22%
CLDX	F	-0.22%
PANW	B	-0.19%
LULU	F	-0.17%
ETN	C	-0.17%
COHR	B	-0.16%
PSTG	B	-0.15%
BE	D	-0.14%
KO	A	-0.14%
APO	B	-0.12%
NUVL	C	-0.11%
MRNA	D	-0.1%
ACN	D	-0.1%
NVO	B	-0.1%
REGN	B	-0.1%
ALNY	A	-0.1%
CHTR	C	-0.09%
ZNTL	F	-0.08%
KROS	F	-0.07%
ALXO	F	-0.06%
SNOW	D	-0.06%
W	D	-0.05%
ANET	A	-0.05%
FSLR	C	-0.05%
AVGO	B	-0.04%
VLTO	D	-0.04%
ARM	A	-0.03%
LEN	D	-0.02%
TSLA	B	-0.01%
ASND	B	-0.0%
ALHC	B	-0.0%