SPY vs. FDCF ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Fidelity Disruptive Communications ETF (FDCF)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$568.25

Average Daily Volume

51,175,729

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.53

Average Daily Volume

5,064

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPY	FDCF
30 Days	1.67%	0.82%
60 Days	2.77%	1.61%
90 Days	4.68%	0.79%
12 Months	33.51%	45.66%

7 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in FDCF	Overlap
AMT	C	0.24%	6.01%	0.24%
AMZN	C	3.61%	5.24%	3.61%
ANET	A	0.18%	5.82%	0.18%
GOOGL	D	1.9%	5.59%	1.9%
META	A	2.4%	6.53%	2.4%
NVDA	D	6.15%	6.08%	6.08%
TMUS	C	0.22%	4.13%	0.22%

SPY Overweight 489 Positions Relative to FDCF

Symbol	Grade	Weight
AAPL	C	6.87%
MSFT	C	6.73%
BRK.A	C	1.76%
GOOG	D	1.59%
LLY	C	1.57%
AVGO	C	1.48%
TSLA	C	1.35%
JPM	D	1.27%
UNH	C	1.16%
XOM	D	1.05%
V	C	0.96%
PG	C	0.88%
MA	B	0.86%
JNJ	C	0.85%
COST	B	0.85%
HD	A	0.79%
ABBV	C	0.74%
WMT	B	0.72%
NFLX	B	0.63%
MRK	D	0.62%
KO	B	0.59%
BAC	D	0.57%
ADBE	F	0.56%
ORCL	B	0.54%
PEP	D	0.52%
CRM	D	0.52%
AMD	D	0.52%
TMO	C	0.51%
CVX	D	0.51%
LIN	B	0.48%
ACN	C	0.47%
MCD	B	0.45%
CSCO	B	0.43%
ABT	C	0.43%
PM	C	0.42%
IBM	A	0.41%
QCOM	F	0.4%
WFC	D	0.4%
INTU	C	0.39%
GE	A	0.39%
TXN	C	0.39%
VZ	B	0.39%
AMGN	B	0.38%
DHR	C	0.38%
NOW	A	0.38%
NEE	C	0.37%
ISRG	C	0.37%
PFE	C	0.36%
CAT	B	0.35%
SPGI	A	0.35%
RTX	C	0.34%
DIS	D	0.34%
GS	C	0.33%
T	C	0.33%
AMAT	D	0.33%
UNP	C	0.32%
CMCSA	D	0.32%
AXP	B	0.31%
PGR	A	0.31%
UBER	C	0.31%
LOW	A	0.3%
TJX	C	0.29%
BKNG	B	0.28%
HON	D	0.28%
SYK	C	0.27%
ELV	C	0.27%
COP	D	0.26%
MDT	C	0.26%
REGN	C	0.26%
PLD	C	0.26%
LMT	B	0.26%
BSX	B	0.26%
MS	C	0.26%
VRTX	D	0.26%
BLK	B	0.26%
CB	B	0.25%
ETN	C	0.25%
PANW	C	0.24%
SBUX	C	0.24%
ADI	C	0.24%
MMC	C	0.24%
ADP	B	0.24%
C	D	0.23%
DE	B	0.22%
KLAC	D	0.22%
GILD	B	0.22%
CI	C	0.22%
BX	B	0.22%
SO	A	0.21%
BMY	C	0.21%
LRCX	F	0.21%
MU	F	0.21%
MDLZ	C	0.21%
MO	C	0.2%
ICE	C	0.2%
BA	F	0.2%
UPS	F	0.2%
SCHW	D	0.2%
NKE	D	0.2%
SHW	B	0.19%
CL	C	0.19%
DUK	B	0.19%
EQIX	B	0.18%
INTC	F	0.18%
ZTS	C	0.18%
KKR	A	0.17%
CME	C	0.17%
TT	A	0.17%
PYPL	B	0.16%
SNPS	D	0.16%
TDG	B	0.16%
APH	C	0.16%
AON	B	0.16%
PH	A	0.16%
MCO	A	0.16%
HCA	A	0.16%
WM	D	0.16%
CMG	C	0.16%
WELL	C	0.16%
GD	B	0.15%
EOG	D	0.15%
TGT	C	0.15%
USB	B	0.15%
PNC	A	0.15%
CVS	F	0.15%
CTAS	C	0.15%
NOC	A	0.15%
MMM	A	0.15%
CDNS	D	0.15%
MSI	B	0.15%
ECL	A	0.14%
AJG	D	0.14%
FDX	F	0.14%
CSX	D	0.14%
ORLY	D	0.14%
MCK	F	0.14%
ITW	C	0.14%
BDX	F	0.14%
ROP	C	0.13%
CRWD	D	0.13%
NEM	B	0.13%
CEG	A	0.13%
NXPI	D	0.13%
FCX	D	0.13%
CARR	B	0.13%
APD	B	0.13%
AZO	D	0.12%
AEP	C	0.12%
WMB	B	0.12%
O	C	0.12%
MAR	C	0.12%
DHI	C	0.12%
ADSK	C	0.12%
TFC	D	0.12%
AFL	C	0.12%
MPC	D	0.12%
SLB	F	0.12%
GEV	B	0.12%
PSA	B	0.12%
EMR	D	0.12%
NSC	C	0.12%
PCAR	D	0.11%
BK	A	0.11%
GM	B	0.11%
ROST	C	0.11%
DLR	B	0.11%
ABNB	D	0.11%
SRE	B	0.11%
COF	A	0.11%
CCI	C	0.11%
HLT	B	0.11%
OKE	B	0.11%
TRV	B	0.11%
PSX	D	0.11%
SPG	A	0.11%
MSCI	C	0.1%
MET	A	0.1%
FICO	B	0.1%
FIS	B	0.1%
JCI	B	0.1%
URI	B	0.1%
AIG	D	0.1%
D	B	0.1%
ALL	B	0.1%
KMB	D	0.1%
FTNT	B	0.1%
CMI	C	0.09%
STZ	D	0.09%
KMI	A	0.09%
A	C	0.09%
ACGL	B	0.09%
IDXX	D	0.09%
F	F	0.09%
PEG	A	0.09%
EW	F	0.09%
PRU	C	0.09%
GIS	B	0.09%
RSG	D	0.09%
MCHP	D	0.09%
PCG	B	0.09%
PAYX	C	0.09%
MPWR	C	0.09%
CPRT	D	0.09%
LHX	C	0.09%
VLO	F	0.09%
IQV	D	0.09%
GWW	A	0.09%
AMP	B	0.09%
LEN	C	0.09%
TEL	D	0.09%
KVUE	C	0.09%
XEL	B	0.08%
EA	D	0.08%
MNST	D	0.08%
DOW	D	0.08%
ED	C	0.08%
IR	C	0.08%
EFX	C	0.08%
HWM	B	0.08%
GEHC	C	0.08%
RMD	C	0.08%
EXR	B	0.08%
YUM	F	0.08%
OTIS	C	0.08%
SYY	D	0.08%
AME	C	0.08%
CTSH	C	0.08%
PWR	B	0.08%
RCL	A	0.08%
KDP	B	0.08%
VRSK	D	0.08%
CTVA	B	0.08%
IT	A	0.08%
EXC	B	0.08%
CNC	C	0.08%
HUM	F	0.08%
FAST	C	0.08%
EBAY	B	0.07%
VMC	D	0.07%
XYL	D	0.07%
MLM	D	0.07%
GLW	B	0.07%
DFS	B	0.07%
TRGP	B	0.07%
EIX	C	0.07%
AVB	C	0.07%
CHTR	D	0.07%
CSGP	D	0.07%
NUE	F	0.07%
BKR	C	0.07%
IRM	B	0.07%
DD	B	0.07%
OXY	F	0.07%
KR	C	0.07%
ODFL	D	0.07%
HIG	B	0.07%
CBRE	A	0.07%
HES	D	0.07%
VICI	C	0.07%
KEYS	C	0.06%
ETR	A	0.06%
SBAC	C	0.06%
VST	A	0.06%
VTR	C	0.06%
EQR	C	0.06%
MRNA	F	0.06%
IFF	C	0.06%
DXCM	F	0.06%
MTB	A	0.06%
ANSS	D	0.06%
CAH	C	0.06%
PHM	B	0.06%
GPN	D	0.06%
KHC	C	0.06%
GRMN	D	0.06%
FITB	B	0.06%
WAB	A	0.06%
AWK	C	0.06%
DAL	C	0.06%
HSY	D	0.06%
BIIB	F	0.06%
NVR	B	0.06%
CDW	D	0.06%
HPQ	D	0.06%
ADM	D	0.06%
LULU	D	0.06%
PPG	D	0.06%
ROK	F	0.06%
WTW	C	0.06%
NDAQ	A	0.06%
TSCO	C	0.06%
MTD	D	0.06%
WEC	B	0.06%
FANG	D	0.06%
ON	F	0.06%
HPE	D	0.05%
CINF	C	0.05%
HUBB	A	0.05%
K	A	0.05%
GDDY	C	0.05%
CPAY	C	0.05%
AEE	A	0.05%
RJF	C	0.05%
SW	C	0.05%
ZBH	F	0.05%
CBOE	C	0.05%
WST	D	0.05%
SMCI	F	0.05%
WY	C	0.05%
FE	C	0.05%
TROW	D	0.05%
DECK	D	0.05%
PPL	B	0.05%
ES	C	0.05%
BRO	C	0.05%
LYB	F	0.05%
VLTO	B	0.05%
STE	C	0.05%
NTAP	D	0.05%
TTWO	D	0.05%
TYL	C	0.05%
BR	D	0.05%
STT	B	0.05%
HAL	F	0.05%
CHD	C	0.05%
FTV	C	0.05%
AXON	A	0.05%
DVN	D	0.05%
DOV	B	0.05%
DTE	B	0.05%
FSLR	C	0.05%
EXPE	C	0.04%
FDS	C	0.04%
CCL	C	0.04%
NRG	A	0.04%
TXT	D	0.04%
DGX	C	0.04%
MAS	B	0.04%
LUV	C	0.04%
CTRA	D	0.04%
PFG	B	0.04%
ZBRA	B	0.04%
EXPD	C	0.04%
WRB	C	0.04%
TSN	D	0.04%
AVY	D	0.04%
CNP	D	0.04%
DG	F	0.04%
APTV	D	0.04%
J	C	0.04%
NTRS	B	0.04%
ULTA	D	0.04%
PKG	B	0.04%
CFG	C	0.04%
SYF	C	0.04%
HOLX	C	0.04%
ARE	C	0.04%
BBY	C	0.04%
DRI	B	0.04%
GPC	D	0.04%
MAA	C	0.04%
WAT	C	0.04%
OMC	B	0.04%
EQT	D	0.04%
EL	F	0.04%
ESS	C	0.04%
STX	C	0.04%
BAX	C	0.04%
TDY	C	0.04%
ATO	B	0.04%
MOH	D	0.04%
PTC	D	0.04%
TER	D	0.04%
CMS	B	0.04%
WDC	D	0.04%
CLX	C	0.04%
HBAN	B	0.04%
RF	B	0.04%
BALL	C	0.04%
INVH	C	0.04%
MKC	C	0.04%
LDOS	B	0.04%
BLDR	C	0.04%
EMN	B	0.03%
HST	C	0.03%
IPG	C	0.03%
KMX	D	0.03%
AES	C	0.03%
CE	F	0.03%
ALLE	C	0.03%
FFIV	B	0.03%
SJM	C	0.03%
REG	C	0.03%
JNPR	A	0.03%
JBL	D	0.03%
JKHY	C	0.03%
CPT	B	0.03%
NDSN	C	0.03%
POOL	D	0.03%
VTRS	D	0.03%
TRMB	C	0.03%
JBHT	D	0.03%
LYV	B	0.03%
EVRG	B	0.03%
DLTR	F	0.03%
BG	D	0.03%
ROL	C	0.03%
UDR	C	0.03%
UHS	B	0.03%
CF	C	0.03%
L	D	0.03%
DPZ	D	0.03%
PNR	B	0.03%
LVS	D	0.03%
AKAM	D	0.03%
MRO	C	0.03%
SNA	C	0.03%
IEX	D	0.03%
LNT	B	0.03%
KEY	B	0.03%
CAG	C	0.03%
SWK	B	0.03%
NI	B	0.03%
ENPH	D	0.03%
WBD	D	0.03%
KIM	C	0.03%
DOC	C	0.03%
AMCR	C	0.03%
UAL	C	0.03%
PODD	B	0.03%
STLD	D	0.03%
ALGN	D	0.03%
VRSN	D	0.03%
EG	C	0.03%
SWKS	F	0.03%
IP	C	0.03%
AAL	D	0.02%
IVZ	B	0.02%
WYNN	D	0.02%
BWA	D	0.02%
MHK	C	0.02%
CZR	C	0.02%
FMC	C	0.02%
NCLH	C	0.02%
MOS	F	0.02%
PAYC	D	0.02%
DVA	B	0.02%
APA	F	0.02%
FRT	C	0.02%
HAS	B	0.02%
GL	C	0.02%
HSIC	D	0.02%
GNRC	D	0.02%
DAY	D	0.02%
MGM	D	0.02%
LW	D	0.02%
HRL	D	0.02%
INCY	C	0.02%
TPR	C	0.02%
SOLV	C	0.02%
MKTX	C	0.02%
MTCH	C	0.02%
FOXA	B	0.02%
AOS	D	0.02%
CPB	B	0.02%
CRL	F	0.02%
NWSA	D	0.02%
AIZ	B	0.02%
PNW	B	0.02%
TAP	D	0.02%
HII	D	0.02%
LKQ	F	0.02%
QRVO	F	0.02%
ALB	F	0.02%
BXP	B	0.02%
CTLT	B	0.02%
TFX	C	0.02%
TECH	D	0.02%
EPAM	F	0.02%
CHRW	A	0.02%
NWS	D	0.01%
FOX	B	0.01%
PARA	F	0.01%
BEN	F	0.01%
BBWI	F	0.01%
ETSY	F	0.01%
WBA	F	0.01%
BIO	C	0.01%
RL	B	0.01%

SPY Underweight 3 Positions Relative to FDCF

Symbol	Grade	Weight
SE	A	-4.89%
TSM	C	-3.94%
LBRDA	F	-3.26%