IVES vs. FMET ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Fidelity Metaverse ETF (FMET)

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$48.38

Average Daily Volume

1,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$30.38

Average Daily Volume

4,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	FMET
30 Days	6.95%	6.53%
60 Days	13.75%	11.74%
90 Days	4.75%	-2.49%
12 Months	40.14%	28.07%

2 Overlapping Holdings

	Symbol	Grade	Weight in IVES	Weight in FMET	Overlap
	FSLY	D	0.19%	0.79%	0.19%
	VNET	B	0.97%	0.85%	0.85%

IVES Overweight 44 Positions Relative to FMET

Symbol	Grade	Weight
ESTC	F	4.62%
OTEX	D	4.45%
GDS	B	3.85%
IOT	C	3.42%
MSTR	B	3.41%
SMCI	F	2.97%
PSTG	F	2.88%
NET	D	2.86%
DDOG	B	2.83%
NTAP	D	2.8%
NTNX	C	2.62%
MDB	D	2.58%
OKTA	F	2.37%
APPF	C	1.58%
GTLB	D	1.54%
DBX	C	1.5%
SMAR	A	1.43%
INFA	D	1.42%
HCP	A	1.28%
CVLT	B	1.24%
ZETA	B	1.21%
CFLT	F	1.19%
KD	D	0.98%
BOX	C	0.87%
BLKB	C	0.8%
INTA	C	0.71%
DOCN	B	0.7%
KC	C	0.66%
NCNO	F	0.65%
FROG	F	0.59%
RNG	F	0.52%
TDC	D	0.52%
APPN	C	0.46%
NABL	F	0.45%
JAMF	F	0.41%
SWI	B	0.4%
PDFS	F	0.31%
APLD	C	0.22%
GDYN	B	0.2%
RXT	C	0.1%
UIS	C	0.07%
EGHT	D	0.05%
BLZE	D	0.05%
DOMO	F	0.05%

IVES Underweight 33 Positions Relative to FMET

Symbol	Grade	Weight
AMD	C	-5.03%
META	A	-4.75%
NVDA	B	-4.65%
GOOGL	B	-4.53%
MSFT	D	-4.39%
AAPL	C	-4.34%
QCOM	D	-4.15%
ADBE	F	-4.05%
INTC	D	-3.67%
EQIX	C	-3.31%
ADSK	B	-2.89%
DLR	C	-2.81%
EA	D	-2.31%
PTC	B	-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	B	-1.31%
CRUS	D	-1.21%
AMBA	C	-0.92%
WB	B	-0.9%
EXPI	C	-0.84%
MOMO	B	-0.83%
DAVA	F	-0.64%
HIMX	F	-0.62%
PLTK	C	-0.6%
BMBL	F	-0.56%
TWKS	C	-0.54%
HEAR	C	-0.46%