OPTZ vs. FFLG ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

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

$30.32

Average Daily Volume

6,891

Number of Holdings ^*

320

* 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

$25.23

Average Daily Volume

28,822

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	FFLG
30 Days	4.61%	3.15%
60 Days	9.51%	8.22%
90 Days	11.46%	8.41%
12 Months		43.06%

25 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in FFLG	Overlap
AAPL	C	1.04%	12.07%	1.04%
AMZN	A	0.38%	7.12%	0.38%
CDNS	B	1.22%	0.86%	0.86%
COIN	B	0.36%	0.45%	0.36%
CRM	B	1.32%	0.75%	0.75%
CVNA	B	0.55%	0.57%	0.55%
DKS	D	0.29%	0.23%	0.23%
DPZ	C	0.35%	0.33%	0.33%
EME	B	0.18%	0.46%	0.18%
FIX	B	0.18%	0.37%	0.18%
FSLR	F	0.95%	0.33%	0.33%
HQY	B	0.16%	0.33%	0.16%
ICE	C	0.19%	0.54%	0.19%
LOW	B	0.34%	1.57%	0.34%
LULU	B	0.36%	0.8%	0.36%
META	B	0.67%	5.34%	0.67%
NFLX	A	0.68%	2.02%	0.68%
NVDA	A	1.46%	12.31%	1.46%
PODD	B	0.15%	0.42%	0.15%
SQ	B	0.23%	0.31%	0.23%
TGT	C	0.27%	0.07%	0.07%
TMO	F	0.12%	0.57%	0.12%
TMUS	A	0.7%	0.88%	0.7%
UNH	B	0.13%	0.62%	0.13%
VMC	B	0.18%	0.32%	0.18%

OPTZ Overweight 295 Positions Relative to FFLG

Symbol	Grade	Weight
APP	B	1.97%
TTMI	B	1.43%
INTC	C	1.37%
CRWD	B	1.3%
BHE	C	1.29%
ANET	C	1.29%
DELL	C	1.28%
QLYS	B	1.26%
NOW	A	1.24%
ITRI	B	1.24%
FFIV	B	1.23%
BAH	C	1.22%
SNPS	C	1.21%
GDDY	B	1.2%
MSI	B	1.18%
AMD	F	1.1%
AMAT	F	1.1%
WIX	B	1.08%
INFN	D	1.08%
IBM	D	1.04%
DJT	C	1.03%
VZIO	D	1.02%
VRSN	C	1.02%
ROP	A	1.01%
LUMN	C	0.9%
ACLS	F	0.88%
CRUS	F	0.8%
IDCC	B	0.76%
RNG	C	0.74%
ZM	B	0.69%
DIS	B	0.64%
EA	A	0.63%
CMCSA	B	0.63%
T	A	0.61%
EAT	B	0.52%
AMC	C	0.5%
TSLA	B	0.48%
NCLH	B	0.48%
WWW	B	0.47%
NPAB	F	0.46%
RCL	A	0.45%
WOOF	D	0.44%
RL	B	0.4%
UNFI	B	0.39%
LVS	C	0.39%
HBI	B	0.39%
SIG	B	0.38%
MAR	A	0.38%
DECK	B	0.38%
GRMN	A	0.37%
WHR	B	0.35%
PCT	C	0.35%
ORLY	A	0.34%
BZH	B	0.34%
PVH	C	0.34%
ANF	C	0.34%
FIVE	F	0.33%
WYNN	C	0.33%
CHDN	B	0.33%
SBH	A	0.33%
BURL	C	0.32%
ALV	C	0.32%
MCD	C	0.32%
YETI	D	0.31%
ETSY	D	0.31%
ULTA	C	0.31%
ODP	F	0.3%
TAP	B	0.3%
COST	B	0.3%
ENR	A	0.3%
LNW	F	0.3%
DOLE	C	0.29%
APO	B	0.29%
WBA	D	0.28%
CHD	A	0.28%
ROST	D	0.28%
GPC	D	0.28%
CVS	F	0.27%
LEA	F	0.27%
LC	B	0.27%
APTV	F	0.26%
EWTX	C	0.26%
MELI	D	0.26%
DAN	D	0.26%
PEP	D	0.26%
STZ	D	0.26%
KKR	B	0.25%
AX	B	0.25%
BG	D	0.24%
CL	F	0.24%
CAL	D	0.24%
GS	B	0.24%
AMP	A	0.24%
FI	A	0.24%
CROX	F	0.24%
TROW	A	0.23%
CPAY	A	0.23%
AXP	B	0.23%
ARES	B	0.23%
BHF	B	0.23%
TRV	B	0.22%
CINF	A	0.22%
V	A	0.22%
COOP	B	0.22%
STRL	B	0.21%
AXON	B	0.21%
PGR	A	0.21%
LDI	B	0.21%
MSCI	B	0.21%
ALL	B	0.21%
BFH	B	0.21%
PRG	B	0.21%
PRU	B	0.21%
SIGI	B	0.21%
AER	B	0.21%
AGO	B	0.21%
BR	A	0.21%
BRO	B	0.21%
LBPH	A	0.21%
AIZ	A	0.21%
WTW	A	0.21%
VRT	B	0.21%
MCO	C	0.2%
CRS	B	0.2%
GPN	B	0.2%
GL	B	0.2%
MKTX	C	0.2%
GATO	C	0.2%
RNR	D	0.2%
ZIM	B	0.19%
PMT	D	0.19%
NATL	B	0.19%
CME	B	0.19%
SPGI	C	0.19%
HIG	C	0.19%
HASI	F	0.18%
LPX	A	0.18%
INCY	B	0.18%
DAL	A	0.18%
PAYC	B	0.18%
NAVI	D	0.18%
XPO	B	0.18%
SKYW	B	0.18%
ACGL	C	0.18%
CBOE	D	0.18%
EXP	B	0.18%
CB	C	0.18%
AVNT	B	0.17%
VERA	B	0.17%
GNRC	B	0.17%
PCTY	B	0.17%
APD	B	0.17%
AKRO	C	0.17%
CLOV	C	0.17%
GTLS	B	0.17%
MLM	B	0.17%
SHW	A	0.16%
DOCU	B	0.16%
SAIA	B	0.16%
ETNB	C	0.16%
AIT	A	0.16%
PWR	B	0.16%
TPC	C	0.16%
JBLU	C	0.15%
TT	B	0.15%
ISRG	A	0.15%
PH	A	0.15%
BV	C	0.15%
PEGA	B	0.15%
SNDX	D	0.15%
PNR	A	0.15%
PCAR	B	0.15%
ETN	B	0.15%
DAWN	D	0.15%
JAZZ	B	0.15%
PEN	C	0.15%
WAB	B	0.15%
ACHR	B	0.15%
EMN	D	0.15%
HUBB	C	0.15%
UTHR	B	0.15%
URI	B	0.15%
DGX	B	0.14%
GFF	B	0.14%
SYK	A	0.14%
HON	B	0.14%
NBIX	C	0.14%
MANH	C	0.14%
LIVN	C	0.14%
PBI	C	0.14%
MRC	B	0.14%
WWD	B	0.14%
ASH	F	0.14%
COR	B	0.14%
REVG	B	0.14%
CAH	B	0.14%
THC	B	0.14%
WST	B	0.14%
LECO	C	0.14%
LIN	D	0.14%
STGW	B	0.14%
VRTX	B	0.14%
ESTC	C	0.14%
CAT	B	0.14%
ECL	C	0.14%
VRSK	A	0.13%
SHC	D	0.13%
ZBH	C	0.13%
DVA	C	0.13%
SAVA	D	0.13%
MOH	F	0.13%
PHIN	B	0.13%
OSK	B	0.13%
KRYS	C	0.13%
BAX	F	0.12%
BA	F	0.12%
IQV	F	0.12%
AHCO	F	0.12%
STE	D	0.12%
AOS	F	0.12%
RPRX	F	0.12%
KURA	F	0.12%
XYL	F	0.12%
RSG	B	0.12%
VNO	C	0.12%
COGT	D	0.12%
WDAY	B	0.12%
FDX	B	0.12%
SRPT	F	0.12%
ALGN	D	0.12%
CBRE	B	0.11%
ADBE	C	0.11%
EXPI	C	0.11%
OMI	F	0.11%
DLR	C	0.11%
CGEM	F	0.11%
LNTH	F	0.11%
EFX	F	0.11%
DYN	D	0.11%
UHS	D	0.11%
IDXX	F	0.11%
SPG	A	0.1%
RHP	B	0.1%
SBRA	C	0.1%
EQIX	B	0.1%
OGN	F	0.1%
WELL	B	0.1%
UNIT	C	0.1%
CE	F	0.1%
ELS	B	0.09%
PRIM	B	0.09%
HII	F	0.09%
TDW	F	0.09%
RDFN	D	0.09%
PK	C	0.09%
PEB	F	0.09%
LAMR	D	0.09%
WY	F	0.09%
ICLR	F	0.09%
NMRK	B	0.09%
SANA	F	0.08%
REXR	F	0.08%
NVRI	F	0.08%
SBAC	D	0.08%
EGP	D	0.08%
NEXT	B	0.08%
CPT	C	0.08%
KNTK	B	0.07%
BKR	B	0.07%
WMB	B	0.07%
CEG	D	0.07%
DTM	A	0.07%
TRGP	B	0.07%
BKD	F	0.07%
AMT	F	0.07%
ETR	B	0.06%
SLB	C	0.06%
OII	B	0.06%
FTI	B	0.06%
WHD	B	0.06%
NRG	C	0.06%
APA	F	0.05%
VAL	D	0.05%
DTE	D	0.05%
DUK	D	0.05%
SO	D	0.05%
DK	D	0.05%
SWX	B	0.05%
WFRD	F	0.05%
ATO	B	0.05%
WKC	C	0.05%
AES	F	0.04%
NFE	F	0.04%
EIX	C	0.04%
HE	F	0.04%

OPTZ Underweight 66 Positions Relative to FFLG

Symbol	Grade	Weight
MSFT	C	-9.14%
GOOG	C	-2.82%
GOOGL	C	-2.48%
UBER	F	-2.21%
TSM	C	-1.96%
MA	B	-1.95%
BSX	A	-1.72%
LLY	F	-1.46%
NXPI	F	-1.37%
ASML	D	-1.3%
GE	D	-0.9%
MPWR	F	-0.85%
ON	F	-0.76%
HUBS	B	-0.76%
MU	D	-0.73%
ALNY	D	-0.71%
MRVL	B	-0.7%
FLEX	B	-0.69%
DHR	F	-0.68%
MDB	C	-0.63%
TJX	A	-0.63%
REGN	F	-0.59%
BLD	F	-0.58%
BLDR	C	-0.57%
SHOP	B	-0.55%
KDP	C	-0.55%
XOM	B	-0.53%
ABNB	C	-0.52%
MNST	B	-0.52%
IR	A	-0.51%
HWM	B	-0.5%
WMT	A	-0.49%
CMG	B	-0.49%
RH	C	-0.48%
GEV	B	-0.44%
SNAP	C	-0.44%
NTNX	B	-0.42%
CSGP	F	-0.39%
ROKU	C	-0.38%
BRKR	F	-0.36%
FLYW	B	-0.32%
AVGO	C	-0.3%
EXAS	F	-0.3%
NVO	F	-0.28%
ARGX	B	-0.27%
HOOD	B	-0.26%
PM	B	-0.24%
PCVX	D	-0.24%
TEVA	D	-0.24%
ITCI	B	-0.22%
TMDX	F	-0.21%
ATI	F	-0.19%
RRC	B	-0.19%
AZN	F	-0.18%
LYFT	B	-0.18%
IONS	F	-0.16%
NUVL	D	-0.16%
RIVN	F	-0.14%
MRNA	F	-0.13%
SE	B	-0.13%
RDDT	B	-0.12%
HOLX	D	-0.12%
ROIV	D	-0.1%
IDYA	F	-0.09%
LEGN	F	-0.07%
W	F	-0.03%