OPTZ vs. FESM ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Fidelity Enhanced Small Cap ETF (FESM)
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

$30.55

Average Daily Volume

7,939

Number of Holdings *

320

* may have additional holdings in another (foreign) market
FESM

Fidelity Enhanced Small Cap ETF

FESM Description The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.74

Average Daily Volume

88,785

Number of Holdings *

561

* may have additional holdings in another (foreign) market
Performance
Period OPTZ FESM
30 Days 7.07% 8.94%
60 Days 14.75% 15.22%
90 Days 16.26% 16.77%
12 Months
46 Overlapping Holdings
Symbol Grade Weight in OPTZ Weight in FESM Overlap
AIT B 0.15% 0.44% 0.15%
AKRO B 0.16% 0.06% 0.06%
ANF F 0.34% 0.7% 0.34%
AX B 0.23% 0.25% 0.23%
BHE B 1.15% 0.42% 0.42%
BKD F 0.09% 0.08% 0.08%
COGT D 0.15% 0.06% 0.06%
CRS B 0.18% 0.78% 0.18%
CVNA B 0.59% 0.61% 0.59%
DK F 0.05% 0.11% 0.05%
DYN F 0.12% 0.12% 0.12%
EAT B 0.5% 0.11% 0.11%
EGP F 0.08% 0.08% 0.08%
EME A 0.16% 0.56% 0.16%
ETNB C 0.13% 0.05% 0.05%
EWTX B 0.26% 0.17% 0.17%
EXPI C 0.11% 0.16% 0.11%
FIX A 0.16% 0.52% 0.16%
GFF C 0.13% 0.31% 0.13%
HBI B 0.37% 0.07% 0.07%
HQY B 0.15% 0.22% 0.15%
ITRI A 1.2% 0.48% 0.48%
KRYS C 0.12% 0.11% 0.11%
KURA F 0.12% 0.11% 0.11%
LIVN C 0.15% 0.07% 0.07%
LNTH D 0.15% 0.15% 0.15%
LNW C 0.3% 0.28% 0.28%
LUMN B 0.64% 0.83% 0.64%
MRC B 0.13% 0.08% 0.08%
NPAB F 0.54% 0.05% 0.05%
ODP F 0.35% 0.13% 0.13%
PBI A 0.14% 0.19% 0.14%
PRG C 0.21% 0.55% 0.21%
QLYS C 1.05% 0.48% 0.48%
RDFN C 0.1% 0.13% 0.1%
SANA F 0.09% 0.04% 0.04%
SBH C 0.36% 0.21% 0.21%
SIGI B 0.21% 0.46% 0.21%
SKYW B 0.16% 0.71% 0.16%
SNDX C 0.14% 0.07% 0.07%
SWX B 0.05% 0.32% 0.05%
UNIT B 0.09% 0.11% 0.09%
VERA B 0.15% 0.02% 0.02%
WFRD F 0.05% 0.01% 0.01%
WKC D 0.05% 0.14% 0.05%
WOOF C 0.47% 0.34% 0.34%
OPTZ Overweight 274 Positions Relative to FESM
Symbol Grade Weight
NVDA A 1.41%
TTMI A 1.36%
ANET A 1.33%
BAH C 1.29%
CRM B 1.28%
FFIV B 1.27%
CRWD C 1.26%
DELL C 1.26%
NOW A 1.23%
APP B 1.23%
DJT D 1.22%
INTC C 1.21%
GDDY A 1.21%
CDNS B 1.2%
SNPS B 1.19%
INFN C 1.17%
AMD F 1.15%
MSI B 1.13%
WIX B 1.12%
AMAT D 1.12%
AAPL B 1.11%
VZIO B 1.07%
IBM D 1.07%
VRSN C 1.05%
FSLR F 1.02%
ROP B 1.02%
ACLS F 0.95%
CRUS F 0.91%
RNG A 0.76%
TMUS B 0.71%
META B 0.7%
NFLX A 0.7%
CMCSA B 0.68%
ZM A 0.68%
DIS C 0.67%
IDCC A 0.67%
T C 0.66%
EA A 0.64%
AMC F 0.55%
NCLH B 0.48%
RCL B 0.44%
LVS C 0.43%
PCT C 0.41%
TSLA A 0.4%
UNFI B 0.4%
WYNN D 0.4%
LULU C 0.38%
DECK B 0.38%
MAR A 0.38%
SIG B 0.38%
RL B 0.38%
FIVE D 0.38%
GRMN A 0.37%
LOW B 0.36%
AMZN A 0.36%
WWW A 0.35%
WHR B 0.35%
MCD D 0.34%
DPZ C 0.34%
ORLY B 0.34%
CHDN B 0.34%
PVH C 0.34%
BZH C 0.33%
WBA D 0.32%
BURL C 0.32%
ULTA C 0.32%
ETSY D 0.32%
ALV C 0.32%
ENR B 0.31%
COST B 0.3%
ROST F 0.3%
DKS F 0.3%
YETI D 0.3%
MELI D 0.3%
DOLE B 0.3%
CHD C 0.29%
GPC F 0.29%
LEA F 0.29%
CVS F 0.29%
TAP C 0.29%
APTV F 0.28%
STZ F 0.28%
CROX F 0.28%
APO B 0.28%
PEP F 0.28%
TGT F 0.28%
LC B 0.27%
CAL F 0.26%
CL F 0.26%
BG F 0.25%
FI B 0.25%
GATO C 0.25%
ARES B 0.25%
DAN F 0.25%
COIN B 0.25%
BHF B 0.24%
SQ C 0.24%
AMP B 0.24%
KKR B 0.24%
TROW B 0.23%
GS B 0.23%
PRU B 0.23%
MKTX C 0.23%
LBPH A 0.23%
HASI C 0.23%
AXP B 0.23%
AGO B 0.22%
AER B 0.22%
V A 0.22%
CLOV C 0.22%
WTW A 0.22%
CINF B 0.22%
CPAY B 0.22%
TRV B 0.22%
PGR B 0.21%
PMT D 0.21%
CME C 0.21%
GL C 0.21%
COOP B 0.21%
AIZ B 0.21%
ALL C 0.21%
BRO B 0.21%
CBOE C 0.21%
BR B 0.21%
RNR C 0.21%
MSCI C 0.21%
HIG D 0.2%
SPGI D 0.2%
CB D 0.2%
VRT B 0.2%
MCO D 0.2%
GPN C 0.2%
ICE D 0.2%
ACGL D 0.19%
BFH B 0.19%
NATL C 0.19%
ZIM B 0.19%
PAYC B 0.18%
STRL A 0.18%
LDI C 0.18%
DAL B 0.18%
MLM B 0.18%
APD B 0.18%
VMC B 0.18%
EXP B 0.18%
NAVI F 0.18%
XPO B 0.17%
LPX B 0.17%
INCY A 0.17%
EMN D 0.17%
AXON A 0.16%
PEN C 0.16%
PCTY B 0.16%
GNRC A 0.16%
PWR A 0.16%
CE F 0.16%
AVNT B 0.16%
PCAR B 0.15%
DOCU A 0.15%
ISRG A 0.15%
CAT B 0.15%
HUBB B 0.15%
TPC B 0.15%
SAIA C 0.15%
UTHR A 0.15%
LIN D 0.15%
PNR B 0.15%
WAB B 0.15%
ECL D 0.15%
ASH F 0.15%
SHW C 0.15%
URI B 0.15%
COR B 0.14%
WWD B 0.14%
MOH D 0.14%
MANH C 0.14%
ZBH C 0.14%
HON B 0.14%
SRPT D 0.14%
LECO C 0.14%
SYK B 0.14%
BV B 0.14%
NBIX C 0.14%
JBLU F 0.14%
TT B 0.14%
DGX B 0.14%
VRTX B 0.14%
THC B 0.14%
ESTC C 0.14%
JAZZ B 0.14%
PH B 0.14%
WST C 0.14%
PODD B 0.14%
DAWN C 0.14%
PEGA B 0.14%
ETN B 0.14%
FDX B 0.13%
PHIN B 0.13%
UNH B 0.13%
XYL F 0.13%
BAX F 0.13%
AOS F 0.13%
STE F 0.13%
AHCO F 0.13%
DVA D 0.13%
OSK B 0.13%
ACHR D 0.13%
VRSK B 0.13%
RPRX F 0.13%
REVG C 0.13%
SAVA F 0.13%
SHC D 0.13%
GTLS B 0.13%
CAH A 0.13%
CGEM F 0.12%
VNO A 0.12%
EFX D 0.12%
IQV F 0.12%
UHS D 0.12%
WDAY C 0.12%
STGW C 0.12%
RSG B 0.12%
OGN F 0.12%
BA F 0.12%
ALGN F 0.12%
TMO F 0.12%
CBRE B 0.11%
ADBE F 0.11%
OMI F 0.11%
DLR C 0.11%
IDXX F 0.11%
WY D 0.1%
SPG B 0.1%
NMRK B 0.1%
LAMR B 0.1%
RHP B 0.1%
TDW F 0.1%
ICLR F 0.1%
EQIX B 0.1%
SBRA B 0.1%
WELL B 0.1%
HII F 0.09%
CPT D 0.09%
SBAC D 0.09%
PEB D 0.09%
PK D 0.09%
ELS D 0.09%
NVRI F 0.09%
REXR F 0.08%
CEG C 0.08%
AMT F 0.08%
TRGP A 0.07%
WMB A 0.07%
DTM A 0.07%
PRIM A 0.07%
NEXT C 0.07%
ATO B 0.06%
SLB D 0.06%
OII B 0.06%
WHD B 0.06%
KNTK B 0.06%
FTI B 0.06%
ETR B 0.06%
NRG A 0.06%
BKR A 0.06%
HE D 0.05%
EIX D 0.05%
AES F 0.05%
VAL F 0.05%
DUK D 0.05%
DTE D 0.05%
APA F 0.05%
SO D 0.05%
NFE F 0.04%
OPTZ Underweight 515 Positions Relative to FESM
Symbol Grade Weight
SFM A -0.96%
CVLT A -0.78%
FN B -0.77%
QTWO B -0.74%
SPSC F -0.71%
PRMW C -0.68%
BGC A -0.66%
IBP F -0.66%
MHO C -0.63%
JXN B -0.63%
PAYO A -0.63%
COMP B -0.62%
ENS F -0.62%
FLR B -0.61%
MWA B -0.58%
MTX B -0.58%
NWBI B -0.57%
OUT C -0.57%
CRGY A -0.56%
YELP C -0.56%
FUL D -0.55%
CSGS B -0.54%
EXLS A -0.53%
FHI B -0.53%
IGT D -0.53%
MTDR C -0.51%
TMHC A -0.51%
AEO F -0.51%
WT B -0.5%
LKFN B -0.5%
UMBF B -0.5%
CRDO A -0.5%
UPBD C -0.49%
HWKN D -0.49%
AIR F -0.47%
YOU D -0.47%
LANC B -0.47%
INSM D -0.45%
MXL C -0.45%
CODI B -0.44%
PCVX D -0.43%
MMSI A -0.42%
LMND B -0.42%
VMEO B -0.41%
CMPR F -0.41%
REZI B -0.41%
WTS C -0.4%
BMI C -0.4%
BANF B -0.4%
ESRT C -0.38%
SANM B -0.38%
AAT B -0.38%
BAND C -0.38%
TEX C -0.37%
PECO B -0.37%
APOG B -0.37%
GT C -0.37%
AWR C -0.37%
CBU B -0.36%
CECO D -0.36%
CNMD C -0.36%
TPH D -0.36%
COMM D -0.35%
ABCB B -0.35%
NMIH D -0.35%
AROC B -0.35%
SXT B -0.34%
GNW C -0.33%
COKE D -0.33%
ABM B -0.33%
FFIN B -0.33%
MTH D -0.33%
MATX B -0.33%
EQC C -0.33%
ATI D -0.32%
BBSI A -0.31%
VICR B -0.31%
NJR C -0.31%
SF B -0.31%
UCTT D -0.31%
SJW F -0.3%
KAR B -0.3%
GH C -0.3%
PFS B -0.3%
TRNO F -0.3%
BDC B -0.3%
BCO D -0.29%
KTOS B -0.29%
FBP C -0.29%
PHR F -0.28%
YEXT B -0.28%
VREX C -0.27%
WK C -0.27%
CNO B -0.27%
PRGS A -0.27%
ACA B -0.27%
CDP C -0.27%
PSN B -0.26%
SNEX B -0.26%
TRN B -0.25%
EZPW B -0.25%
HP C -0.25%
PDFS D -0.24%
SHAK B -0.24%
HY F -0.24%
AORT B -0.24%
AXGN D -0.24%
SXC B -0.24%
RVMD B -0.24%
EGHT C -0.24%
PLPC B -0.24%
MOG.A B -0.24%
NBR C -0.24%
CTRE C -0.23%
PLXS B -0.23%
BVS D -0.23%
BUSE C -0.23%
FORM F -0.23%
MAC B -0.23%
CEIX A -0.23%
TENB D -0.22%
CPF B -0.22%
KBH D -0.22%
CWT D -0.22%
HALO C -0.22%
CRAI B -0.22%
ZUO B -0.22%
TILE B -0.22%
EPAC B -0.22%
HLX D -0.22%
TNC F -0.22%
CALM B -0.22%
OTTR C -0.21%
HWC B -0.21%
ROCK D -0.21%
MRTN C -0.21%
AXL D -0.21%
PBH B -0.21%
STEP B -0.21%
HURN B -0.21%
CORT B -0.21%
CRC B -0.21%
RNA B -0.21%
RNST B -0.21%
ALKS C -0.21%
HSTM A -0.2%
BL C -0.2%
WABC B -0.2%
MUR F -0.2%
VRE B -0.2%
OI D -0.2%
HL D -0.2%
RMBS C -0.19%
UBSI B -0.19%
XRX F -0.19%
SLVM B -0.19%
AVNS F -0.19%
SMTC A -0.19%
HNI B -0.19%
STNG F -0.18%
PRO C -0.18%
HCI B -0.18%
PD C -0.18%
CNXN C -0.18%
PLAB C -0.18%
FULT B -0.18%
ALE A -0.17%
BCC B -0.17%
CYTK D -0.17%
BPMC C -0.17%
PJT B -0.17%
PTCT B -0.17%
SFBS B -0.17%
FOLD D -0.17%
GEO A -0.17%
CADE B -0.17%
LMB B -0.16%
ALRM C -0.16%
OPCH F -0.16%
CSWI A -0.16%
ARLO C -0.16%
BOH B -0.16%
TVTX C -0.16%
INTA A -0.16%
DCO C -0.16%
TDS B -0.16%
PRK B -0.16%
TRTX B -0.16%
CNK A -0.15%
SAH B -0.15%
AMSF B -0.15%
CPS C -0.15%
ETD F -0.15%
DY D -0.15%
FLXS B -0.15%
MDGL B -0.15%
OFG C -0.15%
SRRK C -0.15%
CRNX B -0.14%
TRUP C -0.14%
AGIO A -0.14%
FRME B -0.14%
NRIX B -0.14%
NFBK B -0.14%
DOMO C -0.14%
OSCR F -0.14%
VRTS B -0.14%
UCB B -0.14%
KNF B -0.14%
SLG A -0.14%
CPRX B -0.14%
TWST C -0.14%
VCYT B -0.14%
AMRX C -0.13%
DXPE B -0.13%
ATRC C -0.13%
EXTR B -0.13%
SRCE B -0.13%
WSR B -0.13%
RYTM B -0.13%
KREF C -0.13%
GHC B -0.13%
AMPH D -0.12%
WDFC B -0.12%
CDNA D -0.12%
WS B -0.12%
HAE C -0.12%
BRC B -0.12%
BCRX C -0.12%
LADR C -0.11%
AMSC C -0.11%
ZEUS D -0.11%
SKT A -0.11%
AUR C -0.11%
ADUS D -0.11%
HCAT C -0.11%
GMRE D -0.11%
AMBA B -0.1%
EOLS D -0.1%
ACAD D -0.1%
TRUE B -0.1%
FFBC B -0.1%
LYTS A -0.1%
AUB B -0.1%
VTOL C -0.1%
BCPC B -0.1%
GKOS B -0.1%
CHX D -0.1%
PACB D -0.1%
REPX B -0.1%
AGS A -0.1%
ADMA C -0.1%
BBIO F -0.09%
RXRX D -0.09%
MYGN F -0.09%
DEA C -0.09%
SPT D -0.09%
COLL F -0.09%
ADPT B -0.09%
NGVC B -0.09%
ARQT C -0.09%
RVNC C -0.09%
HLIT F -0.09%
AMAL B -0.09%
LGND A -0.09%
SSTK D -0.09%
INDB B -0.09%
WSBC B -0.09%
PTGX B -0.09%
CATY B -0.08%
ARAY C -0.08%
WSBF B -0.08%
FDP B -0.08%
MTRN C -0.08%
KTB A -0.08%
AKBA C -0.08%
CDE C -0.08%
REPL B -0.08%
WVE B -0.08%
ATNI F -0.08%
OPEN F -0.08%
IART C -0.08%
ANIP F -0.08%
NABL F -0.08%
JAMF D -0.08%
NVAX F -0.08%
PRLB B -0.08%
FLNC D -0.08%
RUSHA B -0.08%
SCS C -0.08%
EBS C -0.08%
TDOC D -0.08%
URBN D -0.08%
FSS D -0.08%
TGTX B -0.08%
TCMD B -0.08%
BGS F -0.08%
PCRX D -0.08%
CLDX F -0.07%
NBTB B -0.07%
CCCC D -0.07%
PGC B -0.07%
KE C -0.07%
AXSM C -0.07%
PL B -0.07%
CTBI B -0.07%
ORIC D -0.07%
ANNX C -0.07%
WEAV B -0.07%
SEM B -0.07%
RAMP C -0.07%
THR D -0.07%
ARVN C -0.07%
MEDP D -0.07%
CDMO B -0.07%
WMK B -0.07%
IRWD D -0.07%
DNLI C -0.07%
FTDR B -0.07%
BLKB C -0.07%
BSRR B -0.07%
MYE F -0.07%
LGF.A C -0.07%
HRTX F -0.06%
KOD C -0.06%
CDXS C -0.06%
CERS F -0.06%
ERAS B -0.06%
LUNR C -0.06%
LPSN C -0.06%
CMC B -0.06%
APPN B -0.06%
ARCT F -0.06%
ONTO F -0.06%
SGMO B -0.06%
UEC B -0.06%
NUVB D -0.06%
ABSI D -0.06%
AVD D -0.06%
QTRX D -0.06%
RM D -0.06%
RXO C -0.06%
HURC C -0.06%
GIC F -0.06%
HRTG D -0.06%
FISI C -0.06%
GERN D -0.05%
KALV F -0.05%
NUVL D -0.05%
ALX D -0.05%
COUR F -0.05%
VYGR C -0.05%
OIS C -0.05%
BY B -0.05%
ALLK C -0.05%
TXRH B -0.05%
OABI C -0.05%
ZIP C -0.05%
MLNK B -0.05%
PAHC B -0.05%
VNDA C -0.05%
STRO C -0.05%
EE B -0.05%
NSSC F -0.05%
ARWR D -0.05%
UHT D -0.05%
CVBF B -0.05%
LGF.A C -0.05%
OPY B -0.05%
IOVA C -0.05%
CTKB C -0.05%
SAGE F -0.05%
BSIG B -0.05%
ATRO F -0.05%
MCRI B -0.05%
NARI C -0.04%
FNKO B -0.04%
EDIT F -0.04%
BASE C -0.04%
HUMA F -0.04%
BDTX F -0.04%
MGNX D -0.04%
CRVL B -0.04%
FATE F -0.04%
NXRT C -0.04%
ASC F -0.04%
CWK B -0.04%
DSGN C -0.04%
MSBI B -0.04%
VBTX B -0.04%
TSHA F -0.04%
CXM D -0.04%
TSVT C -0.04%
BRSP C -0.04%
ICFI C -0.04%
TERN F -0.04%
ZNTL F -0.04%
FLYW C -0.04%
ORGO C -0.04%
BLBD F -0.04%
TNDM F -0.04%
UVE C -0.04%
IDYA F -0.04%
ACIW A -0.04%
DAKT B -0.04%
DIOD D -0.04%
PKE B -0.03%
BEAM D -0.03%
FIZZ B -0.03%
PRTS D -0.03%
SPNS B -0.03%
GPRE F -0.03%
MBWM B -0.03%
KYMR B -0.03%
NKTX F -0.03%
PDCO C -0.03%
KPTI D -0.03%
SNBR D -0.03%
IDT B -0.03%
NPK D -0.03%
BECN B -0.03%
ANIK F -0.03%
HNST C -0.03%
SFL F -0.03%
FBK B -0.03%
GIII B -0.03%
CWCO F -0.03%
MQ F -0.03%
VSCO A -0.03%
STBA C -0.03%
RMAX B -0.03%
HIMS B -0.03%
VCEL B -0.03%
STNE F -0.03%
ACLX A -0.03%
MCY B -0.03%
ACET F -0.03%
UVSP B -0.03%
MED D -0.03%
ENTA F -0.03%
HROW C -0.03%
TMCI D -0.03%
TSE F -0.03%
RLAY F -0.03%
UFPI C -0.03%
BHLB B -0.03%
RLMD F -0.03%
PSMT C -0.03%
ENSG C -0.03%
AXNX A -0.03%
SHEN F -0.03%
ETWO F -0.03%
GRC B -0.03%
CHGG F -0.03%
LMAT B -0.03%
YMAB C -0.03%
RCKT F -0.03%
ARRY F -0.03%
CSR C -0.03%
SUPN B -0.02%
ENVX F -0.02%
RIG D -0.02%
URGN F -0.02%
EB D -0.02%
ANGO C -0.02%
DIN C -0.02%
ONTF C -0.02%
RCKY F -0.02%
AOSL F -0.02%
TNYA D -0.02%
XBIT C -0.02%
NTLA F -0.02%
DVAX C -0.02%
MCB B -0.02%
ALT D -0.02%
TNET F -0.02%
MRSN D -0.02%
CTMX F -0.02%
TCBK B -0.02%
PGEN D -0.02%
SVRA D -0.02%
XNCR C -0.02%
SPOK B -0.02%
FCF B -0.02%
NKTR C -0.02%
ZIMV F -0.02%
PRAA C -0.02%
FSTR C -0.02%
CRBU D -0.02%
JBSS F -0.02%
SWTX F -0.02%
ABUS D -0.02%
ALEC C -0.02%
USLM A -0.02%
GCI B -0.02%
MDXG C -0.02%
DOC B -0.02%
PBYI D -0.02%
CARA D -0.01%
BOLT D -0.01%
GATX B -0.01%
INO F -0.01%
FGEN F -0.01%
ZDGE F -0.01%
CHRS F -0.01%
SCWX C -0.01%
IMVT D -0.01%
ALVR C -0.01%
SMMT C -0.01%
SPCE F -0.01%
UPLD F -0.01%
NOVA F -0.01%
ADAP F -0.01%
AVTE D -0.01%
CCBG B -0.01%
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