OPTZ vs. FDLO ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Fidelity Low Volatility Factor ETF (FDLO)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	FDLO
30 Days	8.47%	0.81%
60 Days	9.68%	1.49%
90 Days	11.36%	4.05%
12 Months		21.68%

45 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in FDLO	Overlap
AAPL	C	1.06%	7.26%	1.06%
AIZ	A	0.23%	0.61%	0.23%
AMT	D	0.07%	0.29%	0.07%
AMZN	C	0.38%	3.92%	0.38%
APD	A	0.18%	0.27%	0.18%
BAH	F	1.02%	0.43%	0.43%
CB	C	0.19%	0.72%	0.19%
CBOE	B	0.19%	0.55%	0.19%
CL	D	0.25%	0.35%	0.25%
CMCSA	B	0.64%	0.95%	0.64%
CME	A	0.2%	0.69%	0.2%
DLR	B	0.11%	0.26%	0.11%
DTM	B	0.07%	0.23%	0.07%
DUK	C	0.05%	0.35%	0.05%
EA	A	0.66%	0.72%	0.66%
ECL	D	0.15%	0.24%	0.15%
ELS	C	0.09%	0.16%	0.09%
EQIX	A	0.1%	0.31%	0.1%
ETN	A	0.15%	0.72%	0.15%
GRMN	B	0.37%	0.51%	0.37%
HII	D	0.09%	0.29%	0.09%
HON	B	0.15%	0.7%	0.15%
IBM	C	1.02%	1.54%	1.02%
LIN	D	0.14%	0.53%	0.14%
LOW	D	0.35%	0.71%	0.35%
MCD	D	0.32%	0.8%	0.32%
MLM	B	0.17%	0.19%	0.17%
MSI	B	1.18%	1.49%	1.18%
ORLY	B	0.34%	0.53%	0.34%
PEP	F	0.26%	0.62%	0.26%
PGR	A	0.21%	0.84%	0.21%
ROP	B	1.0%	1.21%	1.0%
RSG	A	0.12%	0.47%	0.12%
SHW	A	0.16%	0.3%	0.16%
SO	D	0.05%	0.37%	0.05%
T	A	0.64%	0.99%	0.64%
TMO	F	0.11%	0.78%	0.11%
TMUS	B	0.72%	0.97%	0.72%
TRV	B	0.22%	0.69%	0.22%
UNH	C	0.13%	1.55%	0.13%
V	A	0.22%	1.47%	0.22%
VMC	B	0.18%	0.2%	0.18%
VRSN	F	1.03%	1.08%	1.03%
VRTX	F	0.13%	0.69%	0.13%
WMB	A	0.07%	0.34%	0.07%

OPTZ Overweight 276 Positions Relative to FDLO

Symbol	Grade	Weight
APP	B	2.03%
NVDA	C	1.44%
CRWD	B	1.37%
CRM	B	1.37%
TTMI	B	1.36%
INTC	D	1.31%
DELL	C	1.29%
GDDY	A	1.27%
NOW	A	1.27%
FFIV	B	1.25%
ANET	C	1.24%
QLYS	C	1.22%
CDNS	B	1.21%
BHE	B	1.2%
ITRI	B	1.19%
SNPS	B	1.16%
WIX	B	1.15%
INFN	C	1.11%
VZIO	A	1.04%
AMD	F	1.03%
AMAT	F	1.0%
FSLR	F	0.96%
DJT	C	0.93%
LUMN	C	0.83%
CRUS	D	0.8%
IDCC	A	0.78%
ACLS	F	0.78%
DIS	B	0.77%
NFLX	A	0.73%
RNG	B	0.72%
ZM	B	0.71%
META	D	0.65%
EAT	A	0.55%
CVNA	B	0.55%
AMC	C	0.54%
NPAB	B	0.52%
TSLA	B	0.49%
WWW	B	0.48%
NCLH	B	0.48%
RCL	A	0.47%
COIN	C	0.42%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
RL	B	0.39%
LULU	C	0.39%
SIG	B	0.39%
MAR	B	0.39%
DECK	A	0.39%
LVS	C	0.38%
WHR	B	0.37%
ANF	C	0.36%
SBH	C	0.36%
WYNN	D	0.36%
BZH	B	0.35%
PCT	C	0.34%
FIVE	F	0.34%
DPZ	C	0.34%
PVH	C	0.34%
ALV	C	0.33%
BURL	A	0.33%
TAP	C	0.32%
CHDN	B	0.32%
APO	B	0.31%
YETI	C	0.31%
ENR	B	0.31%
ETSY	D	0.3%
CHD	B	0.3%
ULTA	F	0.3%
ROST	C	0.29%
DKS	C	0.29%
GPC	D	0.29%
COST	B	0.29%
LC	A	0.28%
LEA	D	0.28%
TGT	F	0.28%
LNW	D	0.28%
DOLE	D	0.27%
SQ	B	0.27%
MELI	D	0.27%
WBA	F	0.27%
STZ	D	0.27%
ODP	F	0.27%
AX	A	0.26%
DAN	D	0.26%
CVS	D	0.26%
APTV	D	0.25%
GS	A	0.25%
KKR	A	0.25%
FI	A	0.25%
AMP	A	0.25%
CAL	D	0.25%
BG	F	0.25%
TROW	B	0.24%
ARES	A	0.24%
AXP	A	0.24%
CROX	D	0.24%
BLK	C	0.24%
BHF	B	0.24%
CINF	A	0.23%
AGO	B	0.23%
PRU	A	0.23%
EWTX	C	0.23%
CPAY	A	0.23%
PRG	C	0.22%
SIGI	C	0.22%
GPN	B	0.22%
WTW	B	0.22%
COOP	B	0.22%
LBPH	A	0.22%
BR	A	0.22%
NATL	B	0.21%
GL	B	0.21%
AXON	A	0.21%
VRT	B	0.21%
AER	B	0.21%
BFH	B	0.21%
MSCI	C	0.21%
BRO	B	0.21%
ALL	A	0.21%
LDI	C	0.2%
ICE	C	0.2%
STRL	B	0.2%
MKTX	D	0.2%
SPGI	C	0.2%
HIG	B	0.2%
CRS	A	0.2%
MCO	B	0.2%
GATO	D	0.2%
RNR	C	0.2%
ZIM	C	0.2%
NAVI	C	0.19%
ACGL	D	0.19%
DAL	C	0.19%
PMT	D	0.19%
FIX	A	0.18%
EME	C	0.18%
GTLS	B	0.18%
PAYC	B	0.18%
XPO	B	0.18%
LPX	B	0.18%
EXP	A	0.18%
SKYW	B	0.18%
HQY	B	0.17%
JBLU	F	0.17%
AVNT	B	0.17%
HASI	D	0.17%
PEN	B	0.16%
EMN	D	0.16%
DOCU	A	0.16%
PCTY	B	0.16%
PWR	A	0.16%
AIT	A	0.16%
ACHR	B	0.16%
INCY	C	0.16%
VERA	B	0.16%
GNRC	B	0.16%
HUBB	B	0.15%
ESTC	C	0.15%
GFF	A	0.15%
ISRG	A	0.15%
TT	A	0.15%
PCAR	B	0.15%
PEGA	A	0.15%
WAB	B	0.15%
JAZZ	B	0.15%
PH	A	0.15%
URI	B	0.15%
TPC	C	0.15%
SAIA	B	0.15%
PODD	C	0.15%
CLOV	D	0.15%
PNR	A	0.15%
PHIN	A	0.14%
THC	D	0.14%
STGW	B	0.14%
COR	B	0.14%
ZBH	C	0.14%
MRC	B	0.14%
DGX	A	0.14%
WST	C	0.14%
LECO	B	0.14%
UTHR	C	0.14%
CAH	B	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	B	0.14%
DVA	B	0.14%
SYK	C	0.14%
CAT	B	0.14%
WDAY	B	0.13%
BV	B	0.13%
VRSK	A	0.13%
ALGN	D	0.13%
FDX	B	0.13%
NBIX	C	0.13%
SAVA	D	0.13%
OSK	B	0.13%
PBI	B	0.13%
WWD	B	0.13%
ASH	D	0.13%
MANH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
AOS	F	0.12%
KRYS	B	0.12%
MOH	F	0.12%
RPRX	D	0.12%
XYL	D	0.12%
STE	F	0.12%
ETNB	C	0.12%
DAWN	F	0.12%
IQV	D	0.11%
EFX	F	0.11%
COGT	D	0.11%
SRPT	D	0.11%
BAX	D	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	B	0.11%
BA	F	0.11%
ADBE	C	0.11%
UHS	D	0.11%
IDXX	F	0.11%
DYN	F	0.11%
UNIT	B	0.1%
RHP	B	0.1%
CGEM	F	0.1%
WELL	A	0.1%
SPG	B	0.1%
LNTH	D	0.1%
EXPI	C	0.1%
CBRE	B	0.1%
OMI	F	0.1%
CPT	B	0.09%
PEB	D	0.09%
NEXT	B	0.09%
PK	B	0.09%
CE	F	0.09%
LAMR	D	0.09%
WY	D	0.09%
SBRA	C	0.09%
OGN	D	0.09%
NMRK	B	0.09%
REXR	F	0.08%
NVRI	F	0.08%
RDFN	D	0.08%
SBAC	D	0.08%
EGP	F	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
CEG	D	0.07%
KNTK	B	0.07%
BKR	B	0.07%
BKD	D	0.07%
TRGP	B	0.07%
ATO	A	0.06%
WKC	D	0.06%
ETR	B	0.06%
SLB	C	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
NRG	B	0.06%
EIX	B	0.05%
VAL	D	0.05%
DTE	C	0.05%
APA	D	0.05%
WFRD	D	0.05%
DK	C	0.05%
SWX	B	0.05%
AES	F	0.04%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 80 Positions Relative to FDLO

Symbol	Grade	Weight
MSFT	F	-6.93%
GOOGL	C	-4.12%
BRK.A	B	-2.13%
ORCL	B	-2.01%
JPM	A	-1.89%
CSCO	B	-1.77%
ACN	C	-1.6%
LLY	F	-1.57%
TXN	C	-1.48%
MA	C	-1.34%
HD	A	-1.19%
TYL	B	-1.19%
JNJ	D	-1.18%
XOM	B	-1.17%
DOX	D	-1.08%
AKAM	D	-1.03%
PG	A	-0.99%
ABBV	D	-0.98%
WMT	A	-0.95%
VZ	C	-0.93%
ABT	B	-0.9%
MRK	F	-0.88%
AMGN	D	-0.71%
SBUX	A	-0.7%
CVX	A	-0.69%
MMC	B	-0.67%
ADP	B	-0.66%
KO	D	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
PM	B	-0.62%
AJG	B	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
LMT	D	-0.58%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
FAST	B	-0.54%
JKHY	D	-0.51%
PAYX	C	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
COP	C	-0.41%
J	F	-0.39%
MDLZ	F	-0.37%
FCN	D	-0.34%
EOG	A	-0.32%
XEL	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
GIS	D	-0.28%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
AEE	A	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
O	D	-0.22%
CCI	D	-0.21%
CTVA	C	-0.2%
PKG	A	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%