RVRB vs. FELV ETF Comparison

Comparison of Reverb ETF (RVRB) to Fidelity Enhanced Large Cap Value ETF (FELV)

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

212

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value 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

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	RVRB	FELV
30 Days	3.12%	4.38%
60 Days	5.02%	5.85%
90 Days	7.06%	7.57%
12 Months	31.49%	29.90%

217 Overlapping Holdings

Symbol	Grade	Weight in RVRB	Weight in FELV	Overlap
A	D	0.07%	0.09%	0.07%
AAPL	C	5.64%	0.19%	0.19%
ABBV	D	0.52%	0.85%	0.52%
ABT	B	0.35%	0.54%	0.35%
ACN	C	0.39%	0.34%	0.34%
ADBE	C	0.41%	0.37%	0.37%
ADI	D	0.19%	0.04%	0.04%
ADM	D	0.04%	0.1%	0.04%
ADP	B	0.21%	0.1%	0.1%
AEP	D	0.09%	0.08%	0.08%
AES	F	0.01%	0.16%	0.01%
ALL	A	0.09%	0.19%	0.09%
AMAT	F	0.27%	0.42%	0.27%
AMD	F	0.39%	0.02%	0.02%
AME	A	0.09%	0.26%	0.09%
AMGN	D	0.28%	0.15%	0.15%
AMT	D	0.16%	0.14%	0.14%
AMZN	C	4.4%	0.08%	0.08%
ANSS	B	0.04%	0.01%	0.01%
AON	A	0.14%	0.59%	0.14%
AVGO	D	1.32%	0.12%	0.12%
AXP	A	0.37%	0.2%	0.2%
BAC	A	0.6%	1.77%	0.6%
BBY	D	0.04%	0.15%	0.04%
BDX	F	0.12%	0.74%	0.12%
BIIB	F	0.04%	0.3%	0.04%
BK	A	0.1%	0.63%	0.1%
BKR	B	0.08%	0.1%	0.08%
BLDR	D	0.03%	0.01%	0.01%
BLK	C	0.27%	0.37%	0.27%
BMRN	D	0.01%	0.11%	0.01%
BMY	B	0.21%	0.84%	0.21%
BRK.A	B	1.65%	3.64%	1.65%
BSX	B	0.24%	0.19%	0.19%
C	A	0.23%	0.48%	0.23%
CAH	B	0.05%	0.3%	0.05%
CAT	B	0.35%	0.54%	0.35%
CCI	D	0.08%	0.57%	0.08%
CCL	B	0.06%	0.13%	0.06%
CEG	D	0.13%	0.17%	0.13%
CI	F	0.17%	0.6%	0.17%
CINF	A	0.04%	0.22%	0.04%
CL	D	0.13%	0.54%	0.13%
CLX	B	0.03%	0.25%	0.03%
CMCSA	B	0.3%	1.13%	0.3%
CMG	B	0.16%	0.07%	0.07%
CMI	A	0.09%	0.34%	0.09%
CNC	D	0.06%	0.23%	0.06%
CNP	B	0.03%	0.15%	0.03%
COF	B	0.12%	0.47%	0.12%
COP	C	0.23%	0.56%	0.23%
CRM	B	0.55%	0.22%	0.22%
CSCO	B	0.41%	1.07%	0.41%
CSGP	D	0.05%	0.04%	0.04%
CSX	B	0.13%	0.34%	0.13%
CTAS	B	0.17%	0.43%	0.17%
CTRA	B	0.03%	0.05%	0.03%
CVNA	B	0.03%	0.62%	0.03%
CVS	D	0.12%	0.3%	0.12%
CVX	A	0.52%	0.53%	0.52%
DASH	A	0.12%	0.08%	0.08%
DD	D	0.06%	0.48%	0.06%
DELL	C	0.16%	0.08%	0.08%
DFS	B	0.08%	0.05%	0.05%
DGX	A	0.03%	0.01%	0.01%
DHI	D	0.09%	0.03%	0.03%
DHR	F	0.31%	0.17%	0.17%
DIS	B	0.34%	0.8%	0.34%
DTE	C	0.05%	0.19%	0.05%
DUK	C	0.15%	0.28%	0.15%
DVN	F	0.05%	0.34%	0.05%
EA	A	0.07%	0.11%	0.07%
ECL	D	0.13%	0.5%	0.13%
ED	D	0.06%	0.22%	0.06%
ELV	F	0.16%	0.11%	0.11%
EOG	A	0.14%	0.53%	0.14%
EQIX	A	0.17%	0.2%	0.17%
EQR	B	0.05%	0.17%	0.05%
ES	D	0.04%	0.13%	0.04%
ETN	A	0.26%	0.76%	0.26%
EW	C	0.07%	0.06%	0.06%
EXC	C	0.07%	0.24%	0.07%
F	C	0.08%	0.33%	0.08%
FANG	D	0.06%	0.09%	0.06%
FTV	C	0.05%	0.33%	0.05%
GE	D	0.34%	1.05%	0.34%
GEHC	F	0.07%	0.16%	0.07%
GEV	B	0.17%	0.28%	0.17%
GILD	C	0.2%	0.92%	0.2%
GIS	D	0.06%	0.05%	0.05%
GLW	B	0.07%	0.01%	0.01%
GPN	B	0.05%	0.09%	0.05%
GRMN	B	0.07%	0.11%	0.07%
GS	A	0.34%	0.34%	0.34%
HAL	C	0.05%	0.13%	0.05%
HD	A	0.75%	0.45%	0.45%
HON	B	0.21%	0.08%	0.08%
HPE	B	0.05%	0.21%	0.05%
HUM	C	0.05%	0.14%	0.05%
HWM	A	0.08%	0.12%	0.08%
IBM	C	0.33%	0.27%	0.27%
ICE	C	0.16%	0.18%	0.16%
IFF	D	0.04%	0.08%	0.04%
ILMN	D	0.04%	0.15%	0.04%
INCY	C	0.01%	0.22%	0.01%
INTC	D	0.18%	0.85%	0.18%
IQV	D	0.07%	0.17%	0.07%
ITW	B	0.14%	0.12%	0.12%
JCI	C	0.1%	0.21%	0.1%
JNJ	D	0.46%	1.02%	0.46%
JPM	A	1.18%	2.93%	1.18%
KEY	B	0.02%	0.18%	0.02%
KHC	F	0.07%	0.12%	0.07%
KLAC	D	0.17%	0.03%	0.03%
KMB	D	0.08%	0.14%	0.08%
KMI	A	0.11%	0.24%	0.11%
KR	B	0.08%	0.31%	0.08%
L	A	0.03%	0.35%	0.03%
LDOS	C	0.04%	0.47%	0.04%
LH	C	0.02%	0.08%	0.02%
LHX	C	0.08%	0.45%	0.08%
LIN	D	0.38%	0.46%	0.38%
LMT	D	0.24%	0.64%	0.24%
LOW	D	0.28%	0.07%	0.07%
MA	C	0.87%	0.28%	0.28%
MCD	D	0.36%	0.28%	0.28%
MCK	B	0.16%	0.09%	0.09%
MDLZ	F	0.16%	0.06%	0.06%
MDT	D	0.2%	0.4%	0.2%
META	D	2.4%	0.21%	0.21%
MGM	D	0.01%	0.21%	0.01%
MKC	D	0.04%	0.08%	0.04%
MMC	B	0.2%	0.38%	0.2%
MMM	D	0.13%	0.6%	0.13%
MO	A	0.17%	0.28%	0.17%
MS	A	0.38%	0.54%	0.38%
MSCI	C	0.08%	0.19%	0.08%
MSI	B	0.16%	0.2%	0.16%
MU	D	0.2%	0.86%	0.2%
NEE	D	0.27%	0.81%	0.27%
NEM	D	0.08%	0.05%	0.05%
NFLX	A	0.64%	0.19%	0.19%
NOC	D	0.13%	0.63%	0.13%
NSC	B	0.1%	0.57%	0.1%
NTAP	C	0.05%	0.12%	0.05%
NUE	C	0.07%	0.34%	0.07%
NVDA	C	6.15%	0.17%	0.17%
OKTA	C	0.01%	0.02%	0.01%
OXY	D	0.08%	0.15%	0.08%
PCAR	B	0.11%	0.39%	0.11%
PCG	A	0.1%	0.39%	0.1%
PEG	A	0.08%	0.1%	0.08%
PFE	D	0.25%	0.85%	0.25%
PFG	D	0.04%	0.16%	0.04%
PG	A	0.69%	1.24%	0.69%
PGR	A	0.26%	0.35%	0.26%
PH	A	0.18%	0.12%	0.12%
PHM	D	0.05%	0.01%	0.01%
PKG	A	0.02%	0.13%	0.02%
PM	B	0.35%	1.31%	0.35%
PNC	B	0.15%	0.7%	0.15%
PPG	F	0.06%	0.57%	0.06%
PRU	A	0.08%	0.17%	0.08%
PSA	D	0.11%	0.52%	0.11%
PYPL	B	0.16%	0.79%	0.16%
QCOM	F	0.32%	0.5%	0.32%
RCL	A	0.1%	0.15%	0.1%
RJF	A	0.06%	0.03%	0.03%
ROP	B	0.11%	0.01%	0.01%
ROST	C	0.08%	0.11%	0.08%
RSG	A	0.12%	0.66%	0.12%
RTX	C	0.27%	0.7%	0.27%
SCHW	B	0.2%	0.88%	0.2%
SO	D	0.17%	0.12%	0.12%
SPG	B	0.1%	0.18%	0.1%
SPGI	C	0.29%	0.63%	0.29%
SQ	B	0.09%	0.7%	0.09%
STLD	B	0.04%	0.33%	0.04%
STT	A	0.05%	0.15%	0.05%
SWKS	F	0.01%	0.13%	0.01%
SYK	C	0.25%	0.26%	0.25%
T	A	0.28%	1.02%	0.28%
TFC	A	0.11%	0.24%	0.11%
TGT	F	0.13%	0.01%	0.01%
TJX	A	0.25%	0.28%	0.25%
TMO	F	0.34%	0.73%	0.34%
TMUS	B	0.46%	0.56%	0.46%
TRGP	B	0.07%	0.09%	0.07%
TRMB	B	0.01%	0.05%	0.01%
TROW	B	0.05%	0.13%	0.05%
TRV	B	0.1%	0.28%	0.1%
TT	A	0.16%	0.52%	0.16%
TXN	C	0.33%	0.16%	0.16%
TXT	D	0.03%	0.53%	0.03%
UAL	A	0.03%	0.03%	0.03%
UNH	C	0.95%	1.57%	0.95%
UNP	C	0.26%	0.75%	0.26%
UPS	C	0.2%	0.06%	0.06%
VEEV	C	0.06%	0.28%	0.06%
VICI	C	0.06%	0.25%	0.06%
VLTO	D	0.05%	0.04%	0.04%
VMC	B	0.07%	0.28%	0.07%
VRTX	F	0.22%	0.09%	0.09%
VST	B	0.09%	0.07%	0.07%
VZ	C	0.29%	0.68%	0.29%
WAB	B	0.06%	0.45%	0.06%
WBD	C	0.04%	0.09%	0.04%
WDAY	B	0.12%	0.13%	0.12%
WDC	D	0.04%	0.14%	0.04%
WFC	A	0.45%	1.22%	0.45%
WM	A	0.16%	0.25%	0.16%
WMB	A	0.12%	0.12%	0.12%
WMT	A	1.23%	1.76%	1.23%
WTW	B	0.06%	0.26%	0.06%
XEL	A	0.07%	0.25%	0.07%
XOM	B	0.9%	2.51%	0.9%
ZM	B	0.05%	0.52%	0.05%

RVRB Overweight 293 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	F	6.29%
GOOGL	C	4.05%
TSLA	B	1.62%
LLY	F	1.31%
V	A	1.19%
ORCL	B	0.9%
COST	B	0.77%
KO	D	0.5%
NOW	A	0.4%
PEP	F	0.39%
INTU	C	0.36%
MRK	F	0.35%
ISRG	A	0.34%
BKNG	A	0.32%
UBER	D	0.26%
PLTR	B	0.24%
KKR	A	0.24%
SHOP	B	0.24%
PANW	C	0.23%
FI	A	0.23%
BX	A	0.23%
ANET	C	0.22%
NKE	D	0.21%
CB	C	0.2%
DE	A	0.2%
SBUX	A	0.19%
LRCX	F	0.19%
PLD	D	0.18%
APO	B	0.17%
TD	F	0.17%
SHW	A	0.17%
CDNS	B	0.16%
ORLY	B	0.16%
APH	A	0.16%
TDG	D	0.16%
APP	B	0.16%
ZTS	D	0.15%
WELL	A	0.15%
ABNB	C	0.15%
FICO	B	0.15%
REGN	F	0.15%
SPOT	B	0.15%
MCO	B	0.15%
CRWD	B	0.15%
HCA	F	0.15%
USB	A	0.14%
MRVL	B	0.14%
SNPS	B	0.14%
BA	F	0.14%
SCCO	F	0.14%
MAR	B	0.14%
COIN	C	0.13%
FDX	B	0.13%
NU	C	0.13%
EMR	A	0.13%
FTNT	C	0.13%
ADSK	A	0.12%
CARR	D	0.12%
MELI	D	0.12%
EPD	A	0.12%
APD	A	0.12%
MET	A	0.11%
AMP	A	0.11%
URI	B	0.11%
TEAM	A	0.11%
HLT	A	0.11%
AFL	B	0.11%
AJG	B	0.11%
FCX	D	0.11%
GM	B	0.11%
CPRT	A	0.1%
PSX	C	0.1%
MNST	C	0.1%
NXPI	D	0.1%
CHTR	C	0.1%
DLR	B	0.1%
SRE	A	0.1%
ET	A	0.1%
TTD	B	0.1%
FIS	C	0.09%
FLUT	A	0.09%
ODFL	B	0.09%
MPLX	A	0.09%
AIG	B	0.09%
O	D	0.09%
MPC	D	0.09%
PAYX	C	0.09%
GWW	B	0.08%
MLM	B	0.08%
STZ	D	0.08%
VRT	B	0.08%
COR	B	0.08%
KDP	D	0.08%
MTD	D	0.08%
CPNG	D	0.08%
NDAQ	A	0.08%
VLO	C	0.08%
LNG	B	0.08%
KVUE	A	0.08%
LEN	D	0.08%
WCN	A	0.08%
D	C	0.08%
PWR	A	0.08%
HES	B	0.08%
DDOG	A	0.08%
FAST	B	0.08%
LVS	C	0.07%
CCEP	C	0.07%
ALNY	D	0.07%
SYY	B	0.07%
CBRE	B	0.07%
MTB	A	0.07%
HSY	F	0.07%
IT	C	0.07%
CTVA	C	0.07%
YUM	B	0.07%
STLA	F	0.07%
OTIS	C	0.07%
CTSH	B	0.07%
IR	B	0.07%
VRSK	A	0.07%
SNOW	C	0.07%
DAL	C	0.07%
ROK	B	0.06%
WEC	A	0.06%
EBAY	D	0.06%
BRO	B	0.06%
ETR	B	0.06%
DOW	F	0.06%
LYV	A	0.06%
IRM	D	0.06%
TTWO	A	0.06%
AVB	B	0.06%
NET	B	0.06%
RMD	C	0.06%
HIG	B	0.06%
RBLX	C	0.06%
EXR	D	0.06%
MCHP	D	0.06%
HPQ	B	0.06%
LULU	C	0.06%
AEE	A	0.05%
CDW	F	0.05%
K	A	0.05%
EXPE	B	0.05%
CPAY	A	0.05%
GDDY	A	0.05%
LYB	F	0.05%
WAT	B	0.05%
CHD	B	0.05%
KEYS	A	0.05%
TW	A	0.05%
EFX	F	0.05%
ON	D	0.05%
DOV	A	0.05%
IOT	A	0.05%
DXCM	D	0.05%
GOLD	D	0.05%
TSCO	D	0.05%
ZS	C	0.05%
ARES	A	0.05%
IDXX	F	0.05%
XYL	D	0.05%
HEI	B	0.05%
LUV	C	0.04%
VRSN	F	0.04%
JBHT	C	0.04%
BALL	D	0.04%
CFG	B	0.04%
J	F	0.04%
INVH	D	0.04%
AER	B	0.04%
PTC	A	0.04%
FOX	A	0.04%
MPWR	F	0.04%
ATO	A	0.04%
MDB	C	0.04%
STX	D	0.04%
FSLR	F	0.04%
AXON	A	0.04%
MOH	F	0.04%
TYL	B	0.04%
WY	D	0.04%
BAH	F	0.04%
NTRS	A	0.04%
TSN	B	0.04%
GFS	C	0.04%
EL	F	0.04%
STM	F	0.04%
ZBH	C	0.04%
FE	C	0.04%
SBAC	D	0.04%
AWK	D	0.04%
STE	F	0.04%
PHG	D	0.04%
WST	C	0.04%
CQP	B	0.04%
BR	A	0.04%
RF	A	0.04%
HUBS	A	0.04%
PPL	B	0.04%
VTR	C	0.04%
HBAN	A	0.04%
ROL	B	0.04%
DKS	C	0.03%
MRNA	F	0.03%
AVY	D	0.03%
ICLR	D	0.03%
AVTR	F	0.03%
ERIE	D	0.03%
HUBB	B	0.03%
ALGN	D	0.03%
BAX	D	0.03%
CSL	C	0.03%
HRL	D	0.03%
DG	F	0.03%
MAA	B	0.03%
MAS	D	0.03%
TDY	B	0.03%
CRBG	B	0.03%
GPC	D	0.03%
FDS	B	0.03%
DRI	B	0.03%
WLK	D	0.03%
OMC	C	0.03%
WSO	A	0.03%
PINS	D	0.03%
TER	D	0.03%
CHKP	D	0.03%
DKNG	B	0.03%
MT	B	0.03%
CMS	C	0.03%
ARE	D	0.03%
HOLX	D	0.03%
YUMC	C	0.02%
WRB	A	0.02%
SNAP	C	0.02%
EQT	B	0.02%
CF	B	0.02%
JBL	B	0.02%
CHWY	B	0.02%
PODD	C	0.02%
WSM	B	0.02%
BURL	A	0.02%
NRG	B	0.02%
IP	B	0.02%
ESS	B	0.02%
RS	B	0.02%
LPLA	A	0.02%
DLTR	F	0.02%
SW	A	0.02%
SMCI	F	0.02%
EXPD	D	0.02%
EG	C	0.02%
SUI	D	0.02%
AMCR	D	0.02%
APTV	D	0.02%
ULTA	F	0.02%
HOOD	B	0.02%
CELH	F	0.01%
IEP	F	0.01%
ETSY	D	0.01%
MOS	F	0.01%
WBA	F	0.01%
SJM	D	0.01%
FMC	D	0.01%
U	C	0.01%
ENPH	F	0.01%
AAL	B	0.01%
SIRI	C	0.01%
RIVN	F	0.01%
CE	F	0.01%
EXAS	D	0.01%
RPRX	D	0.01%
LKQ	D	0.01%
LW	C	0.01%
WPC	D	0.01%
BG	F	0.01%
AKAM	D	0.01%
CPB	D	0.01%
AGR	B	0.01%
CNH	C	0.01%
CAG	D	0.01%
BSY	D	0.01%
ALB	C	0.01%
DT	C	0.01%
PAYC	B	0.01%
IEX	B	0.01%
MRO	B	0.01%
RVTY	F	0.01%
WMG	C	0.01%
FTRE	D	0.0%
LCID	F	0.0%

RVRB Underweight 115 Positions Relative to FELV

Symbol	Grade	Weight
SEIC	B	-0.58%
CME	A	-0.57%
ALLE	D	-0.54%
SSNC	B	-0.5%
CACI	D	-0.46%
DBX	B	-0.42%
UNM	A	-0.38%
IGT	F	-0.36%
EXEL	B	-0.35%
TPH	D	-0.35%
EVRG	A	-0.35%
BRX	A	-0.35%
LPX	B	-0.33%
ZBRA	B	-0.32%
TWLO	A	-0.3%
FR	C	-0.28%
TOL	B	-0.28%
GL	B	-0.28%
ANF	C	-0.28%
TDC	D	-0.27%
GAP	C	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
DOC	D	-0.22%
SKYW	B	-0.21%
VMI	B	-0.2%
PNR	A	-0.19%
USFD	A	-0.19%
FTI	A	-0.19%
ITT	A	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
EIX	B	-0.17%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
TAP	C	-0.16%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
JXN	C	-0.15%
GD	F	-0.14%
SOLV	C	-0.12%
EEFT	B	-0.12%
UHS	D	-0.12%
BLD	D	-0.11%
AIZ	A	-0.11%
QRVO	F	-0.11%
ENS	D	-0.11%
BCC	B	-0.11%
AMH	D	-0.11%
TPR	B	-0.1%
ADTN	A	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
CNO	A	-0.09%
MTDR	B	-0.09%
KD	B	-0.09%
ACT	D	-0.09%
CRUS	D	-0.09%
TENB	C	-0.08%
BBWI	D	-0.08%
ALRM	C	-0.08%
REG	B	-0.07%
BYD	C	-0.07%
LYFT	C	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
NWSA	B	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
SAM	C	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
AM	A	-0.04%
INGR	B	-0.04%
VAC	B	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
SYF	B	-0.03%
TFX	F	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
ALKS	B	-0.03%
NWS	B	-0.03%
MATX	C	-0.03%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
M	D	-0.01%