SMDY vs. FNCL ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to Fidelity MSCI Financials Index ETF (FNCL)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.31

Average Daily Volume

87,462

Number of Holdings ^*

374

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	FNCL
30 Days	0.32%	1.41%
60 Days	0.23%	11.93%
90 Days	3.92%	10.76%
12 Months	21.05%	42.39%

65 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in FNCL	Overlap
AFG	A	0.17%	0.14%	0.14%
ALLY	F	0.22%	0.13%	0.13%
AMG	B	0.33%	0.08%	0.08%
ASB	D	0.39%	0.05%	0.05%
BHF	D	0.33%	0.04%	0.04%
CACC	F	0.07%	0.04%	0.04%
CADE	B	0.07%	0.08%	0.07%
CBSH	D	0.12%	0.1%	0.1%
CFR	B	0.12%	0.09%	0.09%
CG	B	0.3%	0.14%	0.14%
CNO	B	0.41%	0.06%	0.06%
COLB	C	0.08%	0.08%	0.08%
EEFT	F	0.26%	0.06%	0.06%
EQH	B	0.33%	0.19%	0.19%
ERIE	A	0.5%	0.19%	0.19%
ESNT	A	0.32%	0.09%	0.09%
EVR	C	0.17%	0.13%	0.13%
EWBC	B	0.07%	0.16%	0.07%
FAF	C	0.33%	0.09%	0.09%
FFIN	D	0.08%	0.06%	0.06%
FHI	A	0.32%	0.04%	0.04%
FHN	D	0.11%	0.12%	0.11%
FNB	D	0.06%	0.07%	0.06%
FNF	C	0.35%	0.21%	0.21%
GBCI	B	0.07%	0.07%	0.07%
HLI	A	0.17%	0.11%	0.11%
HOMB	D	0.07%	0.07%	0.07%
HWC	D	0.12%	0.06%	0.06%
IBKR	A	0.42%	0.19%	0.19%
IBOC	D	0.06%	0.05%	0.05%
JEF	A	0.22%	0.14%	0.14%
JHG	A	0.32%	0.07%	0.07%
KMPR	D	0.34%	0.05%	0.05%
KNSL	B	0.16%	0.14%	0.14%
MORN	B	0.31%	0.12%	0.12%
MTG	A	0.34%	0.09%	0.09%
ONB	D	0.07%	0.08%	0.07%
ORI	A	0.19%	0.13%	0.13%
OZK	D	0.07%	0.06%	0.06%
PB	D	0.07%	0.09%	0.07%
PNFP	B	0.07%	0.1%	0.07%
PRI	A	0.38%	0.13%	0.13%
RGA	B	0.3%	0.2%	0.2%
RLI	A	0.16%	0.09%	0.09%
RNR	A	0.34%	0.2%	0.2%
RYAN	A	0.21%	0.09%	0.09%
SEIC	B	0.29%	0.1%	0.1%
SF	A	0.43%	0.13%	0.13%
SIGI	D	0.15%	0.08%	0.08%
SLM	B	0.26%	0.06%	0.06%
SNV	D	0.07%	0.09%	0.07%
SSB	C	0.08%	0.1%	0.08%
STWD	C	0.06%	0.08%	0.06%
TCBI	B	0.13%	0.04%	0.04%
THG	A	0.2%	0.07%	0.07%
UBSI	D	0.07%	0.07%	0.07%
UMBF	C	0.14%	0.07%	0.07%
UNM	A	0.37%	0.13%	0.13%
VLY	C	0.08%	0.05%	0.05%
VOYA	A	0.3%	0.11%	0.11%
WBS	D	0.43%	0.11%	0.11%
WEX	C	0.35%	0.12%	0.12%
WTFC	B	0.12%	0.1%	0.1%
WU	D	0.27%	0.04%	0.04%
ZION	D	0.07%	0.1%	0.07%

SMDY Overweight 326 Positions Relative to FNCL

Symbol	Grade	Weight
SMG	C	2.01%
FYBR	C	1.55%
COTY	F	1.55%
DOCS	A	1.52%
CIEN	A	1.42%
LITE	A	1.41%
IRDM	C	1.23%
ZD	D	0.98%
DT	B	0.84%
SBRA	C	0.73%
OHI	C	0.69%
QLYS	F	0.67%
THC	D	0.66%
ACHC	F	0.65%
ARMK	C	0.62%
WING	C	0.58%
WEN	B	0.58%
TXRH	A	0.58%
LNW	F	0.54%
COKE	C	0.53%
DLB	D	0.52%
LAD	C	0.51%
UTHR	C	0.5%
AMKR	F	0.48%
EXEL	B	0.48%
TOL	C	0.47%
PAG	D	0.47%
POST	C	0.47%
TMHC	C	0.46%
KBH	D	0.46%
ILMN	B	0.45%
MTSI	B	0.45%
BRBR	A	0.45%
HALO	D	0.45%
CRUS	D	0.44%
AN	D	0.44%
SLAB	D	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
SFM	A	0.4%
ONTO	B	0.4%
SRPT	F	0.4%
CYTK	D	0.39%
NVST	D	0.39%
PRGO	F	0.39%
GMED	B	0.39%
CVLT	B	0.38%
LSCC	D	0.38%
JAZZ	F	0.38%
POWI	F	0.37%
MANH	A	0.37%
LIVN	C	0.36%
DUOL	B	0.36%
ALGM	F	0.36%
MKSI	F	0.36%
PCTY	C	0.35%
SYNA	F	0.35%
ENOV	F	0.35%
GHC	A	0.35%
PPC	C	0.34%
CAR	D	0.34%
DBX	C	0.34%
HRB	C	0.34%
NBIX	F	0.34%
BURL	C	0.33%
INGR	B	0.33%
USFD	C	0.33%
HAE	F	0.33%
MIDD	D	0.33%
CPRI	C	0.33%
AZTA	F	0.33%
BMRN	F	0.33%
PFGC	A	0.32%
ESAB	C	0.32%
TGNA	B	0.32%
BLKB	C	0.32%
NXST	D	0.31%
MEDP	F	0.31%
ARWR	F	0.31%
TKO	A	0.31%
RMBS	F	0.3%
JWN	D	0.3%
NYT	C	0.3%
LECO	D	0.29%
CRI	D	0.29%
LOPE	D	0.29%
APPF	C	0.29%
MMS	C	0.29%
SAM	D	0.28%
TEX	F	0.28%
FLO	D	0.28%
ALTR	B	0.28%
DAR	F	0.28%
NWE	C	0.27%
PNM	B	0.27%
IDA	D	0.27%
WMG	D	0.27%
COLM	B	0.27%
OGE	C	0.27%
MSA	F	0.27%
DKS	D	0.27%
AGCO	D	0.26%
TDC	D	0.26%
BJ	B	0.26%
HQY	B	0.26%
ST	F	0.26%
POR	D	0.26%
OSK	F	0.26%
TTC	F	0.25%
OGS	C	0.25%
OPCH	F	0.25%
SKX	B	0.25%
EHC	C	0.25%
LANC	F	0.25%
NSP	F	0.25%
CROX	C	0.25%
PVH	D	0.24%
AYI	A	0.24%
PLNT	B	0.24%
OLLI	C	0.24%
SHC	C	0.24%
VNT	F	0.24%
ORA	C	0.24%
CGNX	F	0.24%
DTM	A	0.24%
ALE	A	0.24%
BKH	C	0.24%
ZI	F	0.24%
THO	C	0.24%
HOG	D	0.24%
BC	C	0.23%
FIVE	D	0.23%
UGI	C	0.23%
GAP	F	0.23%
KEX	C	0.23%
NFG	A	0.23%
M	D	0.23%
RH	C	0.23%
SAIC	A	0.23%
IPGP	D	0.23%
SCI	D	0.23%
NJR	C	0.23%
G	A	0.23%
SR	D	0.23%
EXLS	B	0.23%
AMED	D	0.23%
NSA	D	0.22%
CELH	F	0.22%
AM	A	0.22%
GME	D	0.22%
CASY	D	0.22%
CUBE	C	0.22%
PII	D	0.22%
WSM	C	0.21%
MUSA	D	0.21%
WTRG	D	0.21%
CHE	D	0.21%
SWX	C	0.21%
LFUS	C	0.21%
ELS	D	0.21%
IRT	D	0.21%
ENS	B	0.2%
CNXC	F	0.2%
AMH	D	0.2%
LNTH	C	0.2%
CLH	B	0.19%
MP	C	0.19%
GNTX	D	0.19%
KNX	D	0.19%
CACI	A	0.19%
BCO	C	0.19%
PEN	D	0.19%
VC	F	0.19%
DINO	F	0.18%
LII	C	0.18%
GXO	D	0.18%
SRCL	B	0.18%
NVT	C	0.18%
LSTR	F	0.18%
SAIA	D	0.18%
RGLD	C	0.18%
XPO	F	0.18%
AVTR	D	0.18%
XRAY	D	0.18%
UAA	B	0.17%
WHR	C	0.17%
MAT	B	0.17%
JLL	C	0.17%
CMC	D	0.17%
TPX	C	0.17%
KD	D	0.17%
EXPO	A	0.17%
ANF	D	0.17%
RS	D	0.17%
CHX	C	0.17%
FLR	B	0.17%
RBA	D	0.17%
R	C	0.17%
FIX	A	0.17%
BRKR	D	0.16%
RCM	B	0.16%
ELF	F	0.16%
EXP	C	0.16%
TTEK	A	0.16%
FCN	C	0.16%
NOV	F	0.16%
KNF	B	0.16%
ACM	A	0.16%
UA	B	0.16%
MTZ	A	0.16%
X	F	0.16%
EME	B	0.15%
COHR	B	0.15%
PBF	F	0.15%
YETI	C	0.15%
FND	C	0.15%
AA	B	0.15%
NOVT	C	0.14%
KBR	A	0.14%
PCH	C	0.14%
MDU	C	0.14%
MAN	D	0.14%
LPX	C	0.14%
VNO	B	0.14%
PGNY	F	0.14%
BDC	A	0.14%
ASGN	D	0.14%
GATX	F	0.14%
BYD	B	0.14%
MASI	B	0.14%
BLD	D	0.14%
GLPI	C	0.14%
NEOG	F	0.14%
VAL	F	0.13%
RYN	C	0.13%
CLF	D	0.13%
OLED	B	0.13%
WFRD	F	0.13%
CUZ	C	0.12%
CHDN	C	0.12%
TREX	D	0.12%
RPM	A	0.11%
AVNT	C	0.11%
CHH	A	0.11%
KRC	C	0.11%
DCI	B	0.1%
AAON	A	0.1%
PK	D	0.1%
TNL	B	0.1%
VSH	F	0.1%
GGG	C	0.1%
LEA	F	0.1%
AXTA	C	0.1%
WTS	C	0.1%
RBC	C	0.1%
FLS	A	0.1%
CBT	B	0.1%
WH	C	0.1%
SSD	B	0.09%
CSL	A	0.09%
FR	D	0.09%
CNX	A	0.09%
HGV	F	0.09%
HXL	F	0.09%
RRX	B	0.09%
MTN	D	0.09%
HELE	D	0.09%
VMI	B	0.09%
ATR	A	0.09%
WLK	C	0.09%
ADNT	F	0.09%
VVV	D	0.09%
H	B	0.09%
WWD	C	0.08%
ARW	C	0.08%
BWXT	A	0.08%
BRX	C	0.08%
ADC	C	0.08%
OC	C	0.08%
EGP	D	0.08%
WMS	D	0.08%
NEU	F	0.08%
AIT	B	0.08%
STAG	D	0.08%
MSM	D	0.08%
ALV	F	0.08%
VAC	D	0.08%
ITT	C	0.08%
CW	A	0.08%
GTLS	D	0.08%
TKR	B	0.08%
REXR	D	0.08%
TPL	A	0.08%
OLN	D	0.08%
WPC	C	0.08%
ASH	F	0.08%
PR	D	0.07%
SNX	C	0.07%
UFPI	C	0.07%
SWN	D	0.07%
NNN	C	0.07%
CR	A	0.07%
AVT	B	0.07%
KRG	C	0.07%
GT	F	0.07%
CC	D	0.07%
EPR	C	0.07%
LAMR	C	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	C	0.06%
WCC	D	0.06%
AR	C	0.06%
BERY	C	0.06%
SLGN	B	0.06%
OVV	D	0.06%
RRC	D	0.06%
MUR	F	0.06%
CHK	C	0.06%
MTDR	D	0.06%
SON	D	0.05%
GEF	B	0.05%
GPK	D	0.05%
WOLF	F	0.04%
WSO	C	0.04%

SMDY Underweight 309 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	B	-8.31%
JPM	C	-8.29%
V	B	-5.94%
MA	A	-5.62%
BAC	B	-3.8%
WFC	B	-2.67%
SPGI	C	-2.25%
GS	B	-2.21%
AXP	A	-2.14%
PGR	B	-2.02%
BLK	A	-1.92%
MS	A	-1.74%
C	B	-1.62%
CB	A	-1.53%
BX	C	-1.52%
MMC	D	-1.51%
FI	A	-1.44%
SCHW	D	-1.34%
ICE	A	-1.25%
KKR	A	-1.13%
CME	A	-1.08%
PYPL	A	-1.06%
MCO	D	-1.06%
PNC	C	-1.0%
USB	C	-0.97%
AON	A	-0.93%
AJG	C	-0.84%
AFL	A	-0.83%
TFC	D	-0.78%
COF	A	-0.78%
TRV	B	-0.74%
BK	A	-0.73%
APO	A	-0.69%
MET	A	-0.69%
ALL	A	-0.68%
AIG	C	-0.67%
FIS	A	-0.64%
AMP	A	-0.64%
MSCI	B	-0.62%
PRU	B	-0.6%
ACGL	A	-0.58%
SQ	D	-0.51%
COIN	F	-0.5%
DFS	A	-0.48%
HIG	A	-0.48%
NDAQ	C	-0.43%
FITB	C	-0.41%
WTW	C	-0.41%
MTB	A	-0.4%
ARES	A	-0.4%
GPN	F	-0.36%
STT	A	-0.36%
TROW	D	-0.34%
BRO	A	-0.34%
RJF	B	-0.33%
CPAY	A	-0.29%
RF	B	-0.29%
CBOE	B	-0.29%
CINF	A	-0.29%
HBAN	B	-0.29%
MKL	B	-0.28%
SYF	A	-0.27%
PFG	A	-0.27%
FCNCA	D	-0.26%
CFG	C	-0.26%
NTRS	B	-0.25%
EG	A	-0.24%
LPLA	D	-0.24%
FDS	C	-0.24%
WRB	C	-0.24%
KEY	B	-0.22%
L	C	-0.21%
TW	A	-0.19%
JKHY	A	-0.18%
HOOD	B	-0.17%
AIZ	B	-0.15%
AFRM	C	-0.14%
GL	C	-0.14%
TOST	B	-0.14%
MKTX	B	-0.13%
WAL	C	-0.12%
OWL	A	-0.12%
CMA	C	-0.11%
SOFI	C	-0.11%
BPOP	D	-0.1%
AGNC	B	-0.1%
JXN	A	-0.09%
HLNE	A	-0.09%
AXS	A	-0.09%
IVZ	A	-0.08%
OMF	D	-0.08%
BEN	F	-0.08%
COOP	B	-0.08%
PFSI	C	-0.07%
FOUR	A	-0.07%
PIPR	A	-0.07%
LNC	B	-0.07%
RDN	D	-0.07%
ESGR	C	-0.06%
SFBS	B	-0.06%
TPG	A	-0.06%
AGO	B	-0.06%
WTM	C	-0.06%
MC	B	-0.06%
NMIH	B	-0.05%
AX	D	-0.05%
BGC	B	-0.05%
STEP	A	-0.05%
FBP	B	-0.05%
OSCR	C	-0.05%
WD	C	-0.05%
HASI	B	-0.05%
ABCB	C	-0.05%
SFNC	B	-0.04%
CNS	C	-0.04%
BKU	D	-0.04%
VIRT	B	-0.04%
PRK	D	-0.04%
ABR	C	-0.04%
CBU	D	-0.04%
WAFD	D	-0.04%
FIBK	C	-0.04%
APAM	B	-0.04%
CATY	B	-0.04%
WSFS	D	-0.04%
EBC	B	-0.04%
AUB	D	-0.04%
GNW	A	-0.04%
BOKF	B	-0.04%
UPST	C	-0.04%
FHB	D	-0.04%
BXMT	C	-0.04%
FULT	D	-0.04%
PJT	A	-0.04%
UCBI	B	-0.04%
FLYW	F	-0.03%
EFSC	D	-0.03%
BANC	D	-0.03%
DFIN	B	-0.03%
RNST	D	-0.03%
NBTB	D	-0.03%
NATL	D	-0.03%
BANR	B	-0.03%
STC	D	-0.03%
MQ	F	-0.03%
OFG	D	-0.03%
SBCF	D	-0.03%
IBTX	B	-0.03%
BANF	D	-0.03%
EVTC	D	-0.03%
PRG	C	-0.03%
GSHD	B	-0.03%
PFS	D	-0.03%
FRME	D	-0.03%
ENVA	B	-0.03%
PPBI	D	-0.03%
FFBC	D	-0.03%
PLMR	A	-0.03%
INDB	D	-0.03%
SNEX	B	-0.03%
TBBK	A	-0.03%
VCTR	A	-0.03%
RKT	D	-0.03%
CVBF	B	-0.03%
HTLF	B	-0.03%
BOH	D	-0.03%
TOWN	C	-0.03%
OCFC	C	-0.02%
GABC	D	-0.02%
EIG	A	-0.02%
BHLB	D	-0.02%
SAFT	D	-0.02%
NBHC	D	-0.02%
NIC	D	-0.02%
WABC	F	-0.02%
LC	D	-0.02%
QCRH	C	-0.02%
ACT	B	-0.02%
PMT	B	-0.02%
ARI	F	-0.02%
CUBI	F	-0.02%
VBTX	C	-0.02%
TCBK	D	-0.02%
SASR	B	-0.02%
NAVI	D	-0.02%
HTH	F	-0.02%
RC	F	-0.02%
SKWD	A	-0.02%
NNI	B	-0.02%
HMN	B	-0.02%
CODI	D	-0.02%
HOPE	B	-0.02%
TRUP	B	-0.02%
VRTS	D	-0.02%
LOB	B	-0.02%
CHCO	D	-0.02%
FBNC	B	-0.02%
SPNT	D	-0.02%
STBA	D	-0.02%
LKFN	D	-0.02%
BUSE	D	-0.02%
CASH	C	-0.02%
LADR	D	-0.02%
FRHC	A	-0.02%
SYBT	C	-0.02%
NWBI	D	-0.02%
FCF	D	-0.02%
FBK	B	-0.02%
WSBC	D	-0.02%
TRMK	D	-0.02%
AGM	D	-0.02%
MCY	B	-0.02%
PGC	B	-0.01%
WRLD	F	-0.01%
HAFC	D	-0.01%
CLBK	F	-0.01%
PAY	D	-0.01%
HONE	D	-0.01%
SPFI	D	-0.01%
UFCS	D	-0.01%
CCBG	D	-0.01%
PX	A	-0.01%
NFBK	D	-0.01%
GSBC	D	-0.01%
SMBC	B	-0.01%
MCB	B	-0.01%
NRDS	D	-0.01%
TRTX	D	-0.01%
BHB	D	-0.01%
TIPT	B	-0.01%
CTLP	B	-0.01%
MSBI	F	-0.01%
TRST	D	-0.01%
AMBC	F	-0.01%
EZPW	C	-0.01%
GDOT	C	-0.01%
FSBC	C	-0.01%
THFF	D	-0.01%
WASH	C	-0.01%
IIIV	D	-0.01%
CAC	C	-0.01%
AMTB	F	-0.01%
FMNB	D	-0.01%
RBCAA	C	-0.01%
BFST	C	-0.01%
TMP	C	-0.01%
CCB	B	-0.01%
EQBK	D	-0.01%
TFSL	D	-0.01%
EGBN	C	-0.01%
TREE	C	-0.01%
IMXI	F	-0.01%
LPRO	D	-0.01%
MCBS	D	-0.01%
UVE	C	-0.01%
CFFN	D	-0.01%
KREF	C	-0.01%
OSBC	D	-0.01%
CPF	C	-0.01%
PFBC	D	-0.01%
AMAL	B	-0.01%
CASS	F	-0.01%
PRA	C	-0.01%
HTBK	D	-0.01%
FCBC	D	-0.01%
HFWA	D	-0.01%
RPAY	F	-0.01%
HBNC	D	-0.01%
BFC	D	-0.01%
FMBH	D	-0.01%
FG	B	-0.01%
BHRB	D	-0.01%
BY	D	-0.01%
CFB	D	-0.01%
BSIG	D	-0.01%
MBWM	D	-0.01%
UWMC	D	-0.01%
AMSF	B	-0.01%
FBMS	D	-0.01%
CTBI	B	-0.01%
BRSP	D	-0.01%
PRAA	F	-0.01%
CMTG	F	-0.01%
BRKL	D	-0.01%
DX	D	-0.01%
LMND	F	-0.01%
OBK	D	-0.01%
CNOB	B	-0.01%
SBSI	D	-0.01%
IBCP	D	-0.01%
DCOM	B	-0.01%
PFC	D	-0.01%
UVSP	B	-0.01%
ECPG	F	-0.01%
CNNE	F	-0.01%
HCI	B	-0.01%
MBIN	C	-0.01%
RWT	C	-0.01%
EFC	D	-0.01%
PEBO	F	-0.01%
SRCE	D	-0.01%
AROW	D	-0.0%
RILY	F	-0.0%
GCBC	F	-0.0%
DGICA	D	-0.0%
DHIL	C	-0.0%
HGTY	D	-0.0%
KRNY	C	-0.0%
HBT	D	-0.0%