SHRT vs. FBCV ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to Fidelity Blue Chip Value ETF (FBCV)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.68

Average Daily Volume

2,509

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.00

Average Daily Volume

10,862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	FBCV
30 Days	-5.19%	-0.29%
60 Days	-7.02%	1.92%
90 Days	-6.68%	4.49%
12 Months	-5.74%	20.08%

14 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in FBCV	Overlap
CCK	D	0.4%	0.73%	0.4%
CF	A	0.34%	0.99%	0.34%
CI	D	0.31%	2.77%	0.31%
DOX	D	0.01%	1.13%	0.01%
JCI	B	0.81%	0.76%	0.76%
LHX	B	0.65%	0.64%	0.64%
MMS	D	0.29%	0.59%	0.29%
MU	D	0.82%	0.5%	0.5%
NOC	D	0.81%	1.38%	0.81%
OVV	C	0.69%	0.28%	0.28%
PNR	B	0.1%	1.1%	0.1%
ROST	D	0.06%	0.97%	0.06%
SO	C	0.27%	0.38%	0.27%
TSN	B	1.15%	0.72%	0.72%

SHRT Overweight 186 Positions Relative to FBCV

Symbol	Grade	Weight
GM	B	2.09%
TGT	B	2.05%
THC	C	1.9%
LRCX	F	1.84%
LPX	B	1.65%
FMC	D	1.45%
BIIB	F	1.36%
CHWY	B	1.34%
CVX	A	1.31%
CRUS	F	1.26%
SWKS	F	1.21%
ELAN	D	1.13%
EOG	A	1.12%
RVTY	D	1.12%
PPC	B	1.09%
GTLS	A	1.08%
QGEN	F	1.01%
ZBRA	B	1.0%
WBA	F	0.92%
JBHT	C	0.9%
QRVO	F	0.88%
LII	A	0.84%
MATX	B	0.83%
CHTR	B	0.82%
MTZ	A	0.8%
D	C	0.8%
KLAC	F	0.8%
UPS	C	0.8%
UHS	D	0.8%
TKO	A	0.78%
CTLT	D	0.75%
INGR	B	0.73%
FCX	F	0.71%
MKSI	C	0.71%
CEG	C	0.69%
ICUI	D	0.67%
STX	D	0.66%
WDC	F	0.65%
PFE	F	0.65%
CROX	F	0.64%
J	D	0.63%
CL	D	0.63%
MOH	F	0.63%
BALL	D	0.62%
MUR	F	0.61%
MRO	A	0.59%
HOLX	D	0.58%
ENPH	F	0.57%
KMX	C	0.56%
EL	F	0.56%
RGEN	F	0.55%
POST	C	0.55%
ANET	C	0.51%
EME	A	0.5%
AVNT	B	0.5%
CNX	A	0.5%
ECL	D	0.5%
AVTR	F	0.49%
ABBV	F	0.48%
NCLH	B	0.48%
FSS	B	0.47%
CLX	A	0.46%
EXEL	B	0.46%
SCCO	F	0.45%
TPX	B	0.44%
HALO	F	0.44%
GNRC	B	0.43%
BMRN	F	0.42%
MAS	D	0.39%
SLGN	A	0.38%
LTH	C	0.37%
VMC	B	0.36%
HAS	D	0.35%
NSC	B	0.35%
DD	D	0.35%
TRU	D	0.34%
ZTS	D	0.33%
IQV	F	0.33%
GD	D	0.33%
MSGS	B	0.32%
VMI	B	0.32%
AMAT	F	0.31%
XRAY	D	0.31%
JAZZ	C	0.3%
LKQ	F	0.3%
HES	B	0.3%
TWLO	A	0.29%
BLD	F	0.29%
CTRA	B	0.27%
EMR	A	0.26%
UI	A	0.26%
ONTO	F	0.26%
TXRH	B	0.25%
ASH	F	0.24%
BPMC	C	0.24%
SYK	A	0.23%
SKYW	B	0.23%
WSM	D	0.23%
ILMN	C	0.22%
NFG	A	0.22%
LEVI	F	0.22%
ALLE	D	0.21%
FLS	A	0.21%
PSN	C	0.21%
BAH	D	0.2%
HIMS	C	0.2%
EFX	F	0.2%
COTY	F	0.2%
MRVL	B	0.2%
EW	C	0.19%
TYL	B	0.19%
CHDN	C	0.18%
FOXA	B	0.18%
H	B	0.17%
NBIX	C	0.17%
ALKS	C	0.17%
GFS	C	0.16%
GDDY	A	0.16%
ACIW	B	0.16%
ESI	B	0.16%
EMN	D	0.16%
ADMA	C	0.15%
APPF	C	0.15%
KTB	A	0.15%
VTRS	A	0.14%
VLTO	C	0.14%
SHAK	C	0.14%
RKLB	B	0.13%
SWX	A	0.13%
LYFT	C	0.13%
ISRG	A	0.12%
INFA	D	0.12%
TMO	F	0.12%
PODD	B	0.11%
GMED	A	0.11%
CNI	F	0.11%
IDXX	F	0.11%
IPG	F	0.1%
AWI	B	0.09%
FCN	F	0.09%
SEM	B	0.09%
OLED	F	0.09%
TPL	A	0.09%
KEX	B	0.09%
PEN	B	0.09%
SPOT	B	0.08%
RGLD	C	0.08%
PLXS	B	0.08%
IGT	F	0.08%
NOV	D	0.08%
REGN	F	0.08%
PTC	B	0.07%
CHD	A	0.07%
CWAN	B	0.07%
ABG	B	0.07%
VRSN	F	0.07%
PRIM	A	0.06%
SNDR	B	0.05%
NXST	C	0.05%
QTWO	B	0.05%
FTDR	B	0.04%
DTM	A	0.04%
NTRA	A	0.03%
MPWR	F	0.03%
UBER	F	0.03%
CMC	B	0.03%
PWR	A	0.02%
AOS	F	0.02%
TER	F	0.02%
DNB	B	0.02%
BFAM	F	0.02%
HSIC	C	0.02%
APG	C	0.02%
MTCH	F	0.02%
TTEK	F	0.02%
BLDR	D	0.02%
R	B	0.01%
RUSHA	B	0.01%
GEHC	D	0.01%
IAC	D	0.01%
SITM	B	0.01%
ZBH	C	0.01%
EHC	B	0.01%
DVA	C	0.01%
OPCH	F	0.01%
CRVL	A	0.0%

SHRT Underweight 69 Positions Relative to FBCV

Symbol	Grade	Weight
XOM	B	-4.38%
JPM	A	-3.47%
CMCSA	B	-2.85%
UNH	C	-2.81%
TRV	A	-2.81%
BRK.A	B	-2.65%
PCG	A	-2.45%
DIS	B	-2.37%
BAC	A	-2.36%
CSCO	B	-2.17%
CNC	F	-2.14%
DE	C	-2.03%
KVUE	A	-1.98%
AZN	F	-1.83%
JNJ	D	-1.78%
CB	C	-1.75%
BMY	A	-1.7%
HRB	D	-1.7%
WFC	A	-1.64%
EIX	C	-1.5%
KO	D	-1.38%
ELV	F	-1.36%
CTSH	C	-1.35%
GEN	B	-1.35%
PNC	B	-1.33%
CVS	F	-1.27%
PG	C	-1.26%
LMT	D	-1.24%
WTW	B	-1.23%
KDP	D	-1.2%
GILD	C	-1.13%
NGG	D	-1.11%
LOW	C	-1.06%
USFD	A	-1.0%
HLN	C	-0.98%
MTB	A	-0.96%
FDX	B	-0.91%
USB	B	-0.87%
MRK	F	-0.87%
NTRS	A	-0.86%
SRE	A	-0.83%
APO	A	-0.77%
CCI	C	-0.76%
CCEP	D	-0.74%
MDLZ	F	-0.74%
RRX	B	-0.69%
NEE	C	-0.67%
EQNR	D	-0.66%
BJ	B	-0.63%
DEO	F	-0.62%
AES	F	-0.56%
OXY	F	-0.49%
SPG	A	-0.45%
CMI	A	-0.41%
MUSA	B	-0.39%
CHRW	B	-0.38%
G	B	-0.32%
TPR	B	-0.31%
ALSN	B	-0.3%
SNY	F	-0.3%
OTEX	F	-0.28%
GEV	A	-0.26%
BNTX	C	-0.26%
CFR	B	-0.21%
OSK	C	-0.16%
NXPI	F	-0.15%
AVGO	C	-0.14%
AR	B	-0.12%
ULTA	F	-0.1%