MGMT vs. FFSM ETF Comparison
Comparison of Ballast Small/Mid Cap ETF (MGMT) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)
MGMT
Ballast Small/Mid Cap ETF
MGMT Description
The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.
Grade (RS Rating)
Last Trade
$43.17
Average Daily Volume
12,240
Number of Holdings
*
44
* may have additional holdings in another (foreign) market
FFSM
Fidelity Fundamental Small-Mid Cap ETF
FFSM Description
FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.Grade (RS Rating)
Last Trade
$28.81
Average Daily Volume
28,525
Number of Holdings
*
171
* may have additional holdings in another (foreign) market
Performance
| Period | MGMT | FFSM |
|---|---|---|
| 30 Days | 9.10% | 2.17% |
| 60 Days | 9.61% | 3.06% |
| 90 Days | 15.06% | 6.32% |
| 12 Months | 23.18% | 32.23% |
MGMT Overweight 38 Positions Relative to FFSM
| Symbol | Grade | Weight | |
|---|---|---|---|
| NRP | B | 5.38% | |
| AGM | B | 3.65% | |
| CVCO | A | 3.49% | |
| PHIN | A | 3.41% | |
| IGIC | B | 3.36% | |
| CEIX | B | 2.89% | |
| TPB | A | 2.75% | |
| MTG | C | 2.69% | |
| CBNK | B | 2.64% | |
| BELFB | D | 2.51% | |
| CASS | B | 2.36% | |
| GEO | A | 2.22% | |
| LSTR | D | 2.14% | |
| IMXI | B | 2.11% | |
| TDC | D | 1.98% | |
| BLCO | C | 1.96% | |
| LII | A | 1.94% | |
| ECVT | C | 1.87% | |
| EPR | D | 1.53% | |
| BWA | D | 1.5% | |
| RCMT | C | 1.46% | |
| KOS | D | 1.38% | |
| KN | B | 1.28% | |
| CMPO | B | 1.25% | |
| TRIP | F | 1.23% | |
| GSM | C | 1.22% | |
| IPGP | D | 1.13% | |
| EPSN | A | 1.12% | |
| IMKTA | C | 1.06% | |
| BIOX | F | 1.05% | |
| IRMD | B | 1.03% | |
| EXTR | C | 1.02% | |
| GPRE | F | 0.97% | |
| CRMT | F | 0.96% | |
| NTIC | C | 0.9% | |
| TKR | F | 0.89% | |
| UFPT | C | 0.89% | |
| RMNI | C | 0.41% |
MGMT Underweight 165 Positions Relative to FFSM
| Symbol | Grade | Weight | |
|---|---|---|---|
| EME | A | -1.81% | |
| UHS | D | -1.5% | |
| FTI | A | -1.47% | |
| TPX | B | -1.46% | |
| ACGL | D | -1.45% | |
| MUSA | B | -1.34% | |
| NSIT | F | -1.33% | |
| AR | B | -1.27% | |
| BJ | B | -1.22% | |
| FN | C | -1.22% | |
| ITT | B | -1.2% | |
| CROX | F | -1.17% | |
| PFGC | B | -1.16% | |
| USFD | A | -1.16% | |
| VRT | A | -1.14% | |
| SN | D | -1.11% | |
| JLL | D | -1.1% | |
| MOH | F | -1.1% | |
| CACI | D | -1.06% | |
| WHD | B | -1.01% | |
| CR | A | -1.01% | |
| RRX | B | -1.01% | |
| ORI | A | -0.96% | |
| SNX | C | -0.95% | |
| AIZ | A | -0.91% | |
| BOOT | D | -0.9% | |
| TMDX | F | -0.9% | |
| LNG | A | -0.9% | |
| DFS | B | -0.89% | |
| AIT | B | -0.88% | |
| SNV | B | -0.88% | |
| DKS | D | -0.84% | |
| STX | D | -0.84% | |
| AYI | B | -0.81% | |
| TGLS | B | -0.81% | |
| FAF | A | -0.77% | |
| ALSN | B | -0.76% | |
| BC | F | -0.76% | |
| VTR | B | -0.76% | |
| RGA | B | -0.76% | |
| NXST | D | -0.75% | |
| SF | B | -0.75% | |
| PNFP | B | -0.73% | |
| PCG | A | -0.72% | |
| HLI | A | -0.71% | |
| GPK | D | -0.71% | |
| AEIS | B | -0.66% | |
| ACM | B | -0.66% | |
| ASGN | F | -0.65% | |
| AES | F | -0.65% | |
| LPX | B | -0.65% | |
| KBH | D | -0.64% | |
| FCNCA | A | -0.63% | |
| ON | F | -0.62% | |
| BECN | B | -0.61% | |
| MMS | D | -0.6% | |
| CMC | B | -0.6% | |
| FSS | B | -0.6% | |
| LBRT | F | -0.59% | |
| VNT | C | -0.59% | |
| CBT | C | -0.59% | |
| CADE | B | -0.59% | |
| WBS | A | -0.57% | |
| NOG | A | -0.57% | |
| MEDP | F | -0.57% | |
| MTSI | B | -0.57% | |
| PRI | B | -0.56% | |
| EPRT | A | -0.56% | |
| HOLX | D | -0.56% | |
| XPO | B | -0.56% | |
| CHDN | B | -0.54% | |
| ESI | B | -0.54% | |
| CIEN | B | -0.53% | |
| ASO | F | -0.53% | |
| WTFC | B | -0.52% | |
| CRL | D | -0.52% | |
| CWK | C | -0.51% | |
| RJF | A | -0.51% | |
| PVH | D | -0.51% | |
| HAYW | B | -0.51% | |
| IESC | B | -0.51% | |
| GMS | B | -0.51% | |
| WIX | A | -0.5% | |
| AFG | A | -0.49% | |
| EBC | B | -0.49% | |
| CTRE | C | -0.49% | |
| EAT | A | -0.47% | |
| CNM | C | -0.47% | |
| KBR | F | -0.46% | |
| BOKF | B | -0.46% | |
| BLDR | F | -0.46% | |
| TENB | D | -0.45% | |
| OLN | F | -0.45% | |
| PRCT | B | -0.44% | |
| LITE | B | -0.44% | |
| NOMD | D | -0.42% | |
| AXTA | B | -0.42% | |
| TEX | D | -0.42% | |
| ARGX | A | -0.41% | |
| COMP | B | -0.4% | |
| LW | C | -0.4% | |
| MASI | B | -0.39% | |
| IP | A | -0.37% | |
| CXT | C | -0.36% | |
| CAH | B | -0.36% | |
| GVA | A | -0.35% | |
| RUSHA | B | -0.35% | |
| GTES | A | -0.33% | |
| WFRD | F | -0.33% | |
| PCVX | D | -0.32% | |
| FLEX | A | -0.31% | |
| AZEK | B | -0.3% | |
| UPBD | C | -0.3% | |
| ARCB | C | -0.3% | |
| MTB | A | -0.3% | |
| SKY | A | -0.3% | |
| LEA | F | -0.3% | |
| GRBK | D | -0.3% | |
| CNXC | F | -0.29% | |
| IBTX | B | -0.29% | |
| FBP | B | -0.29% | |
| LCII | C | -0.29% | |
| DIOD | F | -0.27% | |
| AMN | F | -0.27% | |
| ALGM | F | -0.24% | |
| LAUR | A | -0.24% | |
| DOOO | F | -0.23% | |
| CRNX | B | -0.19% | |
| ACLX | C | -0.19% | |
| RGEN | D | -0.19% | |
| KFRC | D | -0.18% | |
| CYTK | D | -0.18% | |
| MDGL | C | -0.16% | |
| NUVL | D | -0.16% | |
| AAP | D | -0.15% | |
| XPRO | F | -0.14% | |
| MNDY | D | -0.14% | |
| KROS | D | -0.13% | |
| ELVN | C | -0.12% | |
| VCEL | A | -0.12% | |
| VRDN | D | -0.12% | |
| OMI | F | -0.12% | |
| AXSM | B | -0.11% | |
| ANAB | F | -0.11% | |
| CSTM | F | -0.11% | |
| TYRA | F | -0.11% | |
| COGT | D | -0.11% | |
| LBPH | A | -0.1% | |
| ICLR | D | -0.1% | |
| CLDX | D | -0.1% | |
| XENE | D | -0.09% | |
| AUTL | F | -0.08% | |
| TCBK | B | -0.08% | |
| MRUS | F | -0.07% | |
| PBH | A | -0.06% | |
| ARVN | F | -0.04% | |
| ATKR | D | -0.01% | |
| FIBK | A | -0.01% | |
| CC | C | -0.01% | |
| LPLA | A | -0.01% | |
| STLD | B | -0.01% | |
| AME | A | -0.01% | |
| ALXO | F | -0.0% | |
| EWTX | C | -0.0% | |
| ZNTL | D | -0.0% |
MGMT: Top Represented Industries & Keywords
Industries:
Business Services
Specialty Chemicals
Auto Parts
Coal
Communication Equipment
Diversified Industrials
Oil & Gas E&P
Auto & Truck Dealerships
Banks - Regional - US
Building Materials
Conglomerates
Credit Services
Data Storage
Electronic Components
Engineering & Construction
Grocery Stores
Home Furnishings & Fixtures
Industrial Metals & Minerals
Insurance - Diversified
Insurance - Specialty
FFSM: Top Represented Industries & Keywords
Industries:
Biotechnology
Banks - Regional - US
Diversified Industrials
Building Materials
Engineering & Construction
Oil & Gas Equipment & Services
Specialty Chemicals
Specialty Retail
Capital Markets
Diagnostics & Research
Semiconductors
Business Services
Information Technology Services
Insurance - Diversified
Medical Distribution
Auto Parts
Communication Equipment
Electronic Components
Food Distribution
Home Furnishings & Fixtures
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