SMRI vs. FCLD ETF Comparison

Comparison of Bushido Capital US Equity ETF (SMRI) to Fidelity Cloud Computing ETF (FCLD)

SMRI

Bushido Capital US Equity ETF

SMRI Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

Grade (RS Rating)

Last Trade

$33.31

Average Daily Volume

5,596

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$28.72

Average Daily Volume

13,562

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMRI	FCLD
30 Days	8.74%	14.22%
60 Days	9.55%	19.43%
90 Days	10.46%	21.40%
12 Months	33.52%	39.76%

4 Overlapping Holdings

Symbol	Grade	Weight in SMRI	Weight in FCLD	Overlap
FFIV	B	2.03%	1.88%	1.88%
HPE	B	2.1%	2.37%	2.1%
NTAP	C	1.79%	1.99%	1.79%
ZM	C	2.2%	2.21%	2.2%

SMRI Overweight 46 Positions Relative to FCLD

Symbol	Grade	Weight
APP	B	4.07%
DAL	B	2.56%
DOCU	B	2.55%
MCK	A	2.34%
EXPE	B	2.33%
SNA	A	2.33%
VST	A	2.32%
EPAM	B	2.28%
BKNG	A	2.22%
PCAR	B	2.16%
EME	A	2.14%
JBL	C	2.11%
GEN	B	2.07%
OC	A	2.07%
CAH	B	2.04%
CVX	A	2.04%
PYPL	B	2.03%
PAYX	B	2.03%
COR	B	2.0%
UTHR	C	2.0%
EG	C	1.97%
EOG	A	1.97%
VLO	C	1.94%
NRG	B	1.93%
ABNB	C	1.91%
XOM	B	1.91%
BWA	D	1.89%
SLB	C	1.87%
FANG	C	1.84%
NUE	C	1.81%
QCOM	F	1.81%
LKQ	F	1.79%
MPC	D	1.79%
DVN	F	1.78%
NVR	D	1.76%
CI	D	1.71%
LEN	D	1.71%
BLD	D	1.68%
BG	D	1.68%
AMGN	F	1.68%
PHM	D	1.68%
MOH	F	1.64%
WSM	C	1.59%
MRK	D	1.58%
CNC	D	1.46%
ELV	F	1.43%

SMRI Underweight 44 Positions Relative to FCLD

Symbol	Grade	Weight
CRM	B	-5.14%
MSTR	B	-4.92%
ORCL	A	-4.92%
NOW	A	-4.68%
INTU	B	-4.27%
MSFT	D	-3.85%
EQIX	A	-3.15%
TEAM	A	-3.1%
DLR	B	-2.92%
HUBS	A	-2.76%
WDAY	B	-2.75%
SNOW	B	-2.63%
DDOG	A	-2.54%
TWLO	A	-2.4%
DAY	B	-1.96%
MDB	B	-1.93%
NTNX	B	-1.91%
WDC	D	-1.84%
STX	C	-1.77%
XRX	F	-1.75%
PSTG	D	-1.74%
DT	D	-1.67%
CFLT	B	-1.64%
ESTC	C	-1.52%
CVLT	B	-1.49%
DBX	B	-1.42%
GTLB	B	-1.34%
PEGA	B	-1.26%
PATH	C	-1.24%
BOX	B	-1.2%
FIVN	C	-1.19%
RNG	C	-1.18%
VERX	A	-1.14%
AI	B	-1.1%
TDC	D	-1.0%
FROG	C	-0.99%
SMCI	F	-0.91%
PD	C	-0.88%
DOCN	C	-0.88%
VRNT	C	-0.77%
FSLY	D	-0.75%
INFA	D	-0.7%
VNET	B	-0.65%
SWI	C	-0.64%