QTUM vs. FDEM ETF Comparison

Comparison of Defiance Quantum ETF (QTUM) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

QTUM

Defiance Quantum ETF

QTUM Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to the development of quantum computing and machine learning technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.45

Average Daily Volume

38,983

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDEM

Fidelity Targeted Emerging Markets Factor ETF

FDEM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. The fund invests at least 80% of its assets in securities included in the index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market.

Grade (RS Rating)

Last Trade

$25.68

Average Daily Volume

31,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QTUM	FDEM
30 Days	8.84%	-2.61%
60 Days	11.51%	-1.98%
90 Days	10.08%	-1.62%
12 Months	37.45%	16.06%

3 Overlapping Holdings

Symbol	Grade	Weight in QTUM	Weight in FDEM	Overlap
BABA	D	1.54%	1.37%	1.37%
BIDU	F	1.27%	0.64%	0.64%
WIT	A	1.7%	0.17%	0.17%

QTUM Overweight 47 Positions Relative to FDEM

Symbol	Grade	Weight
MSTR	C	4.52%
QBTS	B	2.48%
COHR	B	2.03%
RGTI	C	2.03%
RDNT	B	1.84%
IBM	C	1.75%
ACN	C	1.73%
MRVL	B	1.69%
LMT	D	1.61%
NVDA	C	1.61%
NOC	D	1.59%
NOK	D	1.54%
RTX	C	1.54%
HON	B	1.5%
TSM	B	1.5%
HPE	B	1.4%
JNPR	F	1.39%
TXN	C	1.38%
GOOGL	C	1.37%
CDNS	B	1.35%
ABBV	D	1.32%
BAH	F	1.31%
MSFT	F	1.3%
SNPS	B	1.27%
TDC	D	1.23%
ON	D	1.22%
ADI	D	1.22%
AMD	F	1.19%
NVEC	C	1.18%
CRUS	D	1.12%
LSCC	D	1.11%
MKSI	C	1.1%
NXPI	D	1.08%
INTC	D	1.08%
ESTC	C	1.07%
SYNA	C	1.05%
KLAC	D	1.03%
ONTO	D	1.0%
QCOM	F	0.99%
AMAT	F	0.99%
MU	D	0.97%
FORM	D	0.96%
TER	D	0.96%
MCHP	D	0.95%
LRCX	F	0.93%
ASML	F	0.85%
STM	F	0.75%

QTUM Underweight 10 Positions Relative to FDEM

Symbol	Grade	Weight
PDD	F	-0.85%
CHT	D	-0.57%
ATHM	D	-0.5%
BCH	F	-0.38%
TCOM	B	-0.32%
VALE	F	-0.28%
YUMC	C	-0.18%
VIPS	F	-0.1%
MNSO	F	-0.09%
LPL	F	-0.03%