SMLV vs. FMAT ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to Fidelity MSCI Materials Index ETF (FMAT)

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$124.90

Average Daily Volume

11,074

Number of Holdings ^*

403

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials 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 Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.45

Average Daily Volume

35,689

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	FMAT
30 Days	3.56%	3.05%
60 Days	2.43%	2.44%
90 Days	16.65%	4.94%
12 Months	25.39%	16.31%

17 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in FMAT	Overlap
ARCH	D	0.05%	0.16%	0.05%
ASH	D	0.11%	0.3%	0.11%
ECVT	F	0.05%	0.05%	0.05%
FUL	D	0.07%	0.32%	0.07%
GEF	D	0.12%	0.02%	0.02%
GEF	D	0.12%	0.11%	0.11%
HCC	D	0.1%	0.21%	0.1%
HUN	D	0.06%	0.25%	0.06%
HWKN	C	0.12%	0.17%	0.12%
IOSP	D	0.08%	0.2%	0.08%
MTRN	F	0.04%	0.16%	0.04%
MTX	F	0.08%	0.17%	0.08%
SCL	D	0.12%	0.12%	0.12%
SLGN	B	0.21%	0.31%	0.21%
SXC	F	0.07%	0.05%	0.05%
SXT	D	0.17%	0.2%	0.17%
TRS	D	0.15%	0.07%	0.07%

SMLV Overweight 387 Positions Relative to FMAT

Symbol	Grade	Weight
NNI	B	1.77%
THG	A	1.65%
PJT	C	1.62%
CBU	C	1.55%
VIRT	B	1.51%
PRK	C	1.38%
NBTB	D	1.36%
ONB	C	1.34%
ESGR	D	1.26%
CHCO	B	1.23%
NWBI	C	1.17%
FFIN	C	1.15%
TOWN	B	1.13%
NBHC	D	1.08%
GCMG	B	1.07%
CNO	B	1.07%
BUSE	C	1.04%
EFSC	C	1.03%
IBOC	C	1.02%
HMN	C	1.01%
SASR	B	1.01%
FCF	C	1.0%
MGRC	F	1.0%
STBA	C	0.99%
SYBT	C	0.99%
WAFD	B	0.98%
RDN	C	0.93%
FULT	D	0.92%
WABC	D	0.92%
NIC	C	0.91%
TRMK	C	0.91%
HOMB	C	0.9%
WU	F	0.89%
QCRH	C	0.88%
EIG	B	0.87%
SAFT	C	0.86%
GBCI	C	0.86%
WSBC	C	0.84%
AGM	D	0.83%
BLX	C	0.82%
GABC	C	0.8%
LKFN	C	0.79%
SFNC	B	0.79%
SRCE	C	0.75%
EQC	B	0.74%
PEBO	C	0.74%
EVTC	D	0.7%
SBSI	C	0.69%
AMSF	C	0.67%
OBK	D	0.66%
FBMS	B	0.65%
BRKL	C	0.63%
CTBI	B	0.62%
PAX	F	0.61%
UVSP	B	0.59%
BFC	B	0.59%
BHRB	C	0.59%
FMBH	B	0.59%
TMP	C	0.54%
HFWA	C	0.54%
CFFN	D	0.53%
NFG	A	0.52%
FCBC	B	0.48%
TRIN	D	0.45%
TRST	C	0.44%
CAC	C	0.39%
FMNB	C	0.39%
MCBS	B	0.39%
GSBC	D	0.37%
CCNE	C	0.36%
HONE	C	0.36%
HTBI	B	0.36%
AROW	C	0.35%
THFF	C	0.35%
NFBK	C	0.33%
BHB	B	0.33%
CCBG	B	0.32%
MPB	B	0.31%
ESQ	A	0.31%
DHIL	C	0.31%
FLO	C	0.31%
EBF	B	0.3%
SMBK	A	0.3%
ALRS	C	0.29%
BSRR	C	0.28%
SPFI	C	0.28%
GLRE	B	0.27%
KRNY	D	0.27%
HIFS	C	0.27%
IDA	B	0.26%
ORRF	B	0.26%
FMAO	B	0.25%
AGX	B	0.25%
ACNB	C	0.25%
NWE	A	0.25%
ARTNA	C	0.24%
PNM	B	0.24%
FSBC	B	0.24%
FBIZ	C	0.24%
NHC	D	0.23%
PECO	B	0.23%
MGEE	A	0.22%
CPK	A	0.22%
BKH	A	0.22%
PFIS	C	0.22%
SBR	F	0.21%
CZNC	C	0.21%
FSBW	B	0.21%
SR	A	0.21%
BWB	B	0.21%
EBTC	B	0.21%
HBCP	B	0.21%
NWN	B	0.2%
GNTY	B	0.2%
WTBA	C	0.2%
DEA	B	0.19%
NPK	C	0.19%
OKLO	F	0.19%
GTY	A	0.19%
FLIC	C	0.19%
TRC	C	0.18%
PSTL	B	0.18%
WSBF	B	0.18%
FNLC	C	0.18%
VLGEA	A	0.18%
CSWI	B	0.17%
FRST	D	0.17%
JJSF	D	0.16%
ICFI	B	0.16%
CTO	C	0.16%
CBNK	B	0.16%
PBH	B	0.15%
CSR	C	0.15%
BNL	A	0.15%
LXP	B	0.15%
GPOR	C	0.15%
BRC	B	0.15%
CMPO	B	0.15%
HTLD	D	0.15%
CVLT	B	0.14%
UTMD	F	0.14%
HSTM	C	0.14%
UNF	B	0.14%
FELE	D	0.14%
BMI	A	0.14%
NTST	C	0.14%
WERN	D	0.14%
FCPT	A	0.14%
EXPO	B	0.14%
NHI	B	0.14%
LTC	B	0.14%
SMP	C	0.13%
SNDR	B	0.13%
PKE	C	0.13%
GATX	C	0.13%
PLXS	B	0.13%
COLM	B	0.13%
GENC	D	0.13%
KREF	B	0.13%
CTRE	A	0.13%
GOOD	A	0.13%
UHT	B	0.13%
CALM	B	0.13%
ARKO	D	0.13%
CBZ	F	0.12%
HNI	C	0.12%
CSGS	C	0.12%
VMI	D	0.12%
MRTN	D	0.12%
AFCG	C	0.12%
HIW	A	0.12%
ADMA	C	0.12%
BCAL	D	0.12%
ACA	C	0.12%
UFPT	C	0.12%
MLR	D	0.11%
DORM	B	0.11%
HCKT	C	0.11%
ICUI	B	0.11%
BHE	C	0.11%
ROAD	A	0.11%
ADUS	B	0.11%
TGNA	C	0.11%
INVA	B	0.11%
FTDR	B	0.11%
PINC	C	0.11%
PRGS	B	0.11%
CUZ	B	0.11%
ESE	C	0.11%
NOMD	B	0.11%
IRT	A	0.11%
MWA	C	0.11%
KW	C	0.11%
FSS	D	0.11%
OSIS	C	0.11%
GRC	D	0.11%
JBSS	F	0.11%
PAHC	B	0.1%
CCOI	C	0.1%
AHH	B	0.1%
ACIW	B	0.1%
WEN	C	0.1%
GMRE	C	0.1%
JBGS	B	0.1%
MOG.A	B	0.1%
GHC	C	0.1%
CASS	C	0.1%
NTCT	D	0.1%
WDFC	C	0.1%
AROC	D	0.1%
DEI	A	0.1%
MSGS	B	0.1%
SRCL	A	0.1%
LMAT	B	0.1%
LNN	C	0.1%
RGP	D	0.1%
BFS	B	0.1%
HUBG	C	0.1%
PSMT	B	0.09%
LILAK	C	0.09%
RLGT	C	0.09%
WINA	D	0.09%
ALG	D	0.09%
CHCT	F	0.09%
RDWR	C	0.09%
PLOW	C	0.09%
RNGR	C	0.09%
HSII	C	0.09%
DNB	C	0.09%
BLKB	B	0.09%
PCH	C	0.09%
TRNS	C	0.09%
INSM	D	0.09%
RUSHA	C	0.09%
ITGR	B	0.08%
MRCY	C	0.08%
AZZ	D	0.08%
EPAC	B	0.08%
HURN	C	0.08%
GLDD	C	0.08%
ENS	D	0.08%
APLE	D	0.08%
NCNO	F	0.08%
ABM	D	0.08%
FPI	D	0.08%
MGIC	C	0.08%
KAI	C	0.08%
SXI	D	0.08%
PRIM	C	0.08%
LOPE	D	0.08%
SQSP	A	0.08%
VAL	F	0.08%
BBSI	B	0.08%
LZB	C	0.08%
AVT	D	0.08%
KFRC	F	0.08%
CRC	C	0.08%
TNC	D	0.08%
ATNI	C	0.08%
OMCL	C	0.08%
PBT	D	0.08%
MLAB	C	0.07%
ITRN	C	0.07%
CENT	D	0.07%
AMSWA	C	0.07%
ENV	C	0.07%
TTMI	D	0.07%
SUPN	D	0.07%
SANM	D	0.07%
SFL	D	0.07%
KN	D	0.07%
CTS	D	0.07%
SPOK	C	0.07%
SHOO	B	0.07%
LAUR	C	0.07%
CNNE	D	0.07%
PRGO	C	0.07%
AVNS	B	0.07%
CACC	F	0.07%
PRDO	D	0.07%
CRI	C	0.07%
APOG	C	0.07%
BOX	A	0.07%
PLUS	B	0.07%
FORR	D	0.07%
WEYS	B	0.07%
SPNS	D	0.07%
SATS	B	0.07%
RGR	F	0.07%
FSTR	D	0.06%
VPG	F	0.06%
AMED	D	0.06%
NVEC	F	0.06%
SCSC	D	0.06%
CABO	F	0.06%
DK	F	0.06%
JOUT	D	0.06%
IBEX	B	0.06%
MEI	F	0.06%
ATEX	C	0.06%
CORT	B	0.06%
STRA	D	0.06%
VSH	F	0.06%
SEM	D	0.06%
JBT	D	0.06%
GPRK	F	0.06%
CSV	C	0.06%
OFIX	C	0.06%
AIN	F	0.06%
VIAV	D	0.06%
GPI	B	0.06%
CVCO	B	0.06%
TPH	C	0.06%
CNXC	D	0.06%
MMSI	A	0.06%
NARI	F	0.05%
WK	D	0.05%
JBI	F	0.05%
SCHL	D	0.05%
XNCR	C	0.05%
FORM	F	0.05%
HRMY	B	0.05%
BOWL	D	0.05%
NATR	F	0.05%
BL	D	0.05%
PZZA	D	0.05%
SHEN	F	0.05%
POWI	F	0.05%
SRDX	D	0.05%
AEIS	D	0.05%
AMN	F	0.05%
AMPH	C	0.05%
ASGN	D	0.05%
LIVN	D	0.05%
GKOS	D	0.05%
CNMD	D	0.05%
IRDM	D	0.05%
ZD	D	0.05%
PDCO	D	0.05%
ALKS	C	0.05%
CMCO	F	0.05%
NVST	D	0.05%
HAE	D	0.05%
RDNT	B	0.05%
AGIO	D	0.05%
CEVA	C	0.05%
SPB	B	0.05%
ATEN	C	0.05%
KIDS	C	0.05%
IRMD	B	0.05%
ETH	F	0.05%
MATW	F	0.05%
MNRO	D	0.05%
ALRM	F	0.04%
ARCO	F	0.04%
ZIP	D	0.04%
IPGP	F	0.04%
IART	F	0.04%
PTCT	C	0.04%
IMTX	C	0.04%
LEG	D	0.04%
ANIP	F	0.04%
USPH	F	0.04%
NRC	F	0.04%
OXM	D	0.04%
RARE	B	0.04%
TTGT	F	0.04%
VECO	F	0.04%
MYRG	F	0.04%
NEOG	D	0.04%
THRM	D	0.04%
VRNT	F	0.04%
USNA	F	0.04%
ANIK	D	0.04%
OGN	C	0.04%
AAP	F	0.03%
CBRL	F	0.03%
PCRX	F	0.03%
HELE	D	0.03%
IRWD	F	0.03%
TBPH	D	0.03%
VREX	F	0.03%
HLF	F	0.03%
HI	F	0.03%
ATRC	D	0.03%
ACAD	F	0.02%
AZTA	D	0.02%

SMLV Underweight 93 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	B	-16.36%
SHW	A	-6.29%
ECL	A	-4.57%
APD	B	-4.39%
NEM	B	-4.33%
FCX	D	-4.26%
CTVA	B	-2.78%
DOW	F	-2.62%
NUE	D	-2.49%
DD	B	-2.46%
MLM	D	-2.3%
VMC	D	-2.27%
PPG	C	-2.15%
IFF	B	-1.9%
LYB	F	-1.79%
SW	B	-1.7%
BALL	C	-1.42%
PKG	B	-1.33%
AVY	B	-1.27%
STLD	F	-1.22%
AMCR	B	-1.17%
IP	B	-1.13%
RS	D	-1.12%
RPM	B	-1.07%
CF	C	-1.04%
CE	D	-0.98%
EMN	A	-0.85%
CCK	A	-0.78%
ALB	D	-0.71%
ATR	A	-0.71%
GPK	A	-0.65%
RGLD	B	-0.64%
MOS	F	-0.63%
EXP	A	-0.59%
AXTA	C	-0.57%
X	D	-0.57%
BERY	B	-0.56%
FMC	C	-0.56%
ATI	D	-0.54%
AA	D	-0.51%
CRS	B	-0.45%
LPX	B	-0.44%
CMC	D	-0.42%
ESI	D	-0.42%
CLF	F	-0.41%
BCPC	C	-0.4%
CBT	B	-0.4%
WLK	D	-0.39%
SON	C	-0.39%
SEE	D	-0.36%
OLN	D	-0.36%
SUM	D	-0.33%
AVNT	B	-0.31%
NEU	C	-0.29%
KNF	B	-0.29%
HL	B	-0.23%
SMG	C	-0.22%
CC	F	-0.2%
SLVM	B	-0.19%
KWR	D	-0.17%
AMR	F	-0.17%
CDE	C	-0.16%
OI	D	-0.14%
MP	D	-0.12%
PRM	B	-0.12%
ASPN	D	-0.12%
TROX	F	-0.11%
NGVT	F	-0.09%
KALU	D	-0.08%
MATV	B	-0.07%
WS	D	-0.07%
OEC	F	-0.07%
HAYN	D	-0.06%
KOP	F	-0.06%
USLM	B	-0.06%
PCT	C	-0.05%
CENX	D	-0.05%
ASIX	C	-0.05%
GATO	B	-0.04%
PTVE	D	-0.04%
CLW	F	-0.04%
RYI	F	-0.04%
MTUS	F	-0.04%
ZEUS	F	-0.03%
LXU	D	-0.03%
RDUS	D	-0.03%
MYE	F	-0.03%
IE	F	-0.03%
MERC	F	-0.02%
KRO	D	-0.02%
CMP	F	-0.02%
PACK	D	-0.02%
METC	F	-0.02%