SSPY vs. FDMO ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to Fidelity Momentum Factor ETF (FDMO)

SSPY

Syntax Stratified LargeCap ETF

SSPY 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 in the Syntax Stratified LargeCap Index (the "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 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	FDMO
30 Days	4.23%	6.00%
60 Days	1.79%	8.27%
90 Days	3.72%	10.44%
12 Months	23.81%	42.98%

88 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in FDMO	Overlap
AAPL	C	0.5%	6.8%	0.5%
ABBV	D	0.24%	1.08%	0.24%
AEP	D	0.24%	0.28%	0.24%
AMZN	C	0.22%	3.76%	0.22%
ANET	C	0.21%	0.82%	0.21%
AVGO	D	0.23%	2.03%	0.23%
AXP	A	0.04%	0.9%	0.04%
BAC	A	0.12%	1.21%	0.12%
BK	A	0.11%	0.7%	0.11%
BKNG	A	0.11%	0.66%	0.11%
BRK.A	B	0.5%	2.14%	0.5%
BSX	B	0.06%	0.95%	0.06%
CARR	D	0.08%	0.51%	0.08%
CAT	B	0.14%	0.73%	0.14%
CBRE	B	0.04%	0.21%	0.04%
CEG	D	0.38%	0.29%	0.29%
CL	D	0.41%	0.33%	0.33%
COST	B	0.71%	0.92%	0.71%
CTAS	B	0.18%	0.54%	0.18%
CVX	A	0.76%	0.67%	0.67%
DHR	F	0.1%	0.92%	0.1%
DLR	B	0.26%	0.24%	0.24%
DUK	C	0.07%	0.35%	0.07%
EBAY	D	0.22%	0.42%	0.22%
ECL	D	0.05%	0.23%	0.05%
EQR	B	0.1%	0.19%	0.1%
ESS	B	0.1%	0.18%	0.1%
EXR	D	0.11%	0.2%	0.11%
FICO	B	0.05%	0.86%	0.05%
FIS	C	0.05%	0.65%	0.05%
GDDY	A	0.27%	0.78%	0.27%
GE	D	0.17%	0.74%	0.17%
GM	B	0.25%	0.5%	0.25%
GOOGL	C	0.23%	3.54%	0.23%
GS	A	0.25%	0.99%	0.25%
HCA	F	0.33%	0.78%	0.33%
HD	A	0.26%	1.08%	0.26%
HIG	B	0.14%	0.67%	0.14%
HWM	A	0.08%	0.52%	0.08%
IFF	D	0.05%	0.15%	0.05%
IRM	D	0.06%	0.19%	0.06%
ISRG	A	0.12%	1.06%	0.12%
JPM	A	0.13%	1.88%	0.13%
KKR	A	0.09%	0.8%	0.09%
KMB	D	0.42%	0.28%	0.28%
KMI	A	0.25%	0.28%	0.25%
KO	D	0.25%	0.61%	0.25%
LDOS	C	0.13%	0.38%	0.13%
LIN	D	0.04%	0.51%	0.04%
LLY	F	0.23%	1.68%	0.23%
META	D	0.47%	2.39%	0.47%
MO	A	0.35%	0.37%	0.35%
MPWR	F	0.22%	0.56%	0.22%
MSFT	F	0.32%	6.21%	0.32%
MSI	B	0.49%	0.88%	0.49%
NEE	D	0.24%	0.47%	0.24%
NEM	D	0.25%	0.2%	0.2%
NFLX	A	0.22%	0.88%	0.22%
NRG	B	0.33%	0.24%	0.24%
NVDA	C	0.13%	6.97%	0.13%
OKE	A	0.24%	0.3%	0.24%
PEG	A	0.26%	0.28%	0.26%
PG	A	0.42%	0.92%	0.42%
PGR	A	0.19%	0.87%	0.19%
PKG	A	0.06%	0.16%	0.06%
PLTR	B	0.23%	1.3%	0.23%
PM	B	0.35%	0.55%	0.35%
PSA	D	0.11%	0.24%	0.11%
RCL	A	0.09%	0.48%	0.09%
RTX	C	0.08%	0.66%	0.08%
SHW	A	0.06%	0.29%	0.06%
SPG	B	0.07%	0.25%	0.07%
SW	A	0.07%	0.17%	0.07%
SYF	B	0.69%	0.72%	0.69%
T	A	0.33%	0.52%	0.33%
TDG	D	0.08%	0.5%	0.08%
TJX	A	0.72%	0.61%	0.61%
TMUS	B	0.33%	0.45%	0.33%
TRGP	B	0.24%	0.27%	0.24%
TSLA	B	0.28%	2.03%	0.28%
TT	A	0.07%	0.59%	0.07%
UBER	D	0.11%	0.67%	0.11%
URI	B	0.14%	0.5%	0.14%
VST	B	0.41%	0.31%	0.31%
WELL	A	0.11%	0.28%	0.11%
WMB	A	0.25%	0.3%	0.25%
WMT	A	0.73%	0.86%	0.73%
XOM	B	0.77%	1.12%	0.77%

SSPY Overweight 412 Positions Relative to FDMO

Symbol	Grade	Weight
SYY	B	0.75%
KR	B	0.74%
ROST	C	0.72%
COF	B	0.7%
CVS	D	0.69%
DFS	B	0.69%
WBA	F	0.64%
CMCSA	B	0.52%
DPZ	C	0.52%
PSX	C	0.51%
DRI	B	0.51%
YUM	B	0.51%
VLO	C	0.5%
EL	F	0.5%
CMG	B	0.5%
MCD	D	0.5%
EA	A	0.49%
MPC	D	0.49%
TTWO	A	0.49%
L	A	0.49%
SBUX	A	0.48%
CHTR	C	0.47%
MTCH	D	0.47%
KVUE	A	0.42%
BWA	D	0.42%
CHD	B	0.42%
CLX	B	0.41%
APTV	D	0.4%
J	F	0.4%
PWR	A	0.4%
JBL	B	0.38%
ADM	D	0.37%
BG	F	0.37%
TSN	B	0.36%
HRL	D	0.36%
SLB	C	0.35%
HPQ	B	0.35%
BKR	B	0.35%
CRM	B	0.35%
IPG	D	0.34%
IBM	C	0.34%
OMC	C	0.34%
HAL	C	0.34%
ORCL	B	0.34%
SNPS	B	0.34%
ATO	A	0.33%
GRMN	B	0.33%
TPR	B	0.33%
NI	A	0.33%
VZ	C	0.33%
NKE	D	0.33%
CDNS	B	0.33%
AES	F	0.32%
AWK	D	0.32%
UHS	D	0.32%
RL	B	0.32%
LULU	C	0.31%
FCX	D	0.3%
EXC	C	0.3%
DECK	A	0.3%
DAL	C	0.28%
UAL	A	0.28%
SWK	D	0.27%
EQIX	A	0.27%
AKAM	D	0.27%
VRSN	F	0.27%
STLD	B	0.27%
CNP	B	0.26%
HUBB	B	0.26%
ENPH	F	0.26%
NUE	C	0.26%
LOW	D	0.26%
HAS	D	0.26%
CNC	D	0.26%
MS	A	0.26%
UNH	C	0.26%
NVR	D	0.26%
HUM	C	0.26%
ETN	A	0.26%
LEN	D	0.25%
DTE	C	0.25%
F	C	0.25%
GILD	C	0.25%
CTLT	B	0.25%
MOH	F	0.25%
EIX	B	0.25%
STZ	D	0.25%
ZTS	D	0.25%
SNA	A	0.25%
PHM	D	0.25%
LUV	C	0.25%
MNST	C	0.25%
ETR	B	0.25%
TAP	C	0.25%
INCY	C	0.25%
RJF	A	0.25%
BMY	B	0.25%
SCHW	B	0.25%
MRNA	F	0.24%
AMGN	D	0.24%
JNJ	D	0.24%
DHI	D	0.24%
MRK	F	0.24%
D	C	0.24%
FE	C	0.24%
VTRS	A	0.24%
ED	D	0.24%
PFE	D	0.24%
KDP	D	0.24%
BIIB	F	0.24%
ELV	F	0.24%
CPRT	A	0.23%
ON	D	0.23%
GOOG	C	0.23%
TXN	C	0.23%
VRTX	F	0.23%
NXPI	D	0.23%
PAYC	B	0.22%
REGN	F	0.22%
TYL	B	0.22%
LW	C	0.22%
DAY	B	0.22%
QCOM	F	0.22%
NOW	A	0.22%
ADI	D	0.22%
FFIV	B	0.21%
KEYS	A	0.21%
DIS	B	0.21%
PFG	D	0.21%
AOS	F	0.21%
CSCO	B	0.21%
MKC	D	0.21%
KHC	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
GIS	D	0.21%
MET	A	0.21%
CAG	D	0.21%
PAYX	C	0.21%
ADP	B	0.21%
ALL	A	0.2%
GL	B	0.2%
AIG	B	0.2%
IEX	B	0.2%
IR	B	0.2%
JNPR	F	0.2%
AFL	B	0.2%
PARA	C	0.2%
CPB	D	0.2%
PRU	A	0.2%
INTU	C	0.2%
AIZ	A	0.2%
ERIE	D	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
MHK	D	0.19%
CI	F	0.19%
APH	A	0.19%
XYL	D	0.19%
CAH	B	0.19%
TEL	B	0.19%
HPE	B	0.19%
MAS	D	0.19%
WBD	C	0.19%
PNR	A	0.19%
BLDR	D	0.19%
GLW	B	0.19%
BBWI	D	0.19%
PEP	F	0.18%
HSY	F	0.18%
RSG	A	0.18%
AMAT	F	0.18%
CRWD	B	0.18%
GEV	B	0.18%
EQT	B	0.18%
WM	A	0.18%
MDLZ	F	0.18%
ROL	B	0.18%
MCK	B	0.18%
COR	B	0.18%
K	A	0.18%
HON	B	0.17%
TGT	F	0.17%
ADSK	A	0.17%
TER	D	0.17%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
FTNT	C	0.17%
DOV	A	0.17%
NTAP	C	0.17%
GEN	B	0.17%
ITW	B	0.17%
BBY	D	0.17%
WY	D	0.17%
CTRA	B	0.17%
MLM	B	0.17%
DLTR	F	0.17%
DELL	C	0.17%
PTC	A	0.17%
VMC	B	0.17%
KLAC	D	0.17%
STX	D	0.17%
ULTA	F	0.17%
WDC	D	0.17%
INTC	D	0.16%
PANW	C	0.16%
ADBE	C	0.16%
DVN	F	0.16%
GD	F	0.16%
BA	F	0.16%
LH	C	0.16%
TXT	D	0.16%
DGX	A	0.16%
TECH	D	0.15%
SMCI	F	0.15%
A	D	0.15%
GPC	D	0.15%
WAT	B	0.15%
MTD	D	0.15%
MU	D	0.15%
WRB	A	0.14%
MCHP	D	0.14%
AZO	C	0.14%
IQV	D	0.14%
TMO	F	0.14%
TRV	B	0.14%
CINF	A	0.14%
ORLY	B	0.14%
CRL	C	0.14%
CB	C	0.14%
ACGL	D	0.14%
AMD	F	0.14%
KMX	B	0.14%
EG	C	0.14%
LKQ	D	0.14%
BALL	D	0.13%
FAST	B	0.13%
PCAR	B	0.13%
CDW	F	0.13%
AMCR	D	0.13%
AME	A	0.13%
POOL	C	0.13%
DE	A	0.13%
ACN	C	0.13%
EPAM	C	0.13%
WFC	A	0.13%
CTSH	B	0.13%
ZBRA	B	0.13%
C	A	0.13%
WAB	B	0.13%
IT	C	0.13%
STT	A	0.12%
HLT	A	0.12%
MAR	B	0.12%
ABNB	C	0.12%
SYK	C	0.12%
STE	F	0.12%
EXPE	B	0.12%
ZBH	C	0.12%
GWW	B	0.12%
TSCO	D	0.12%
ARE	D	0.11%
VTR	C	0.11%
DVA	B	0.11%
CPT	B	0.11%
BR	A	0.11%
DOC	D	0.11%
BXP	D	0.11%
HST	C	0.11%
DXCM	D	0.1%
PODD	C	0.1%
HOLX	D	0.1%
NWSA	B	0.1%
IDXX	F	0.1%
NWS	B	0.1%
RVTY	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
INVH	D	0.1%
GEHC	F	0.1%
AVB	B	0.1%
FOX	A	0.1%
UDR	B	0.1%
FOXA	B	0.1%
TROW	B	0.09%
FMC	D	0.09%
LMT	D	0.09%
BEN	C	0.09%
NOC	D	0.09%
UPS	C	0.09%
EXPD	D	0.09%
AXON	A	0.09%
CCL	B	0.09%
CHRW	C	0.09%
CF	B	0.09%
NCLH	B	0.09%
LYV	A	0.09%
IVZ	B	0.09%
RMD	C	0.09%
ALLE	D	0.08%
CMS	C	0.08%
PCG	A	0.08%
SO	D	0.08%
SRE	A	0.08%
XEL	A	0.08%
PPL	B	0.08%
EVRG	A	0.08%
LNT	A	0.08%
AEE	A	0.08%
JCI	C	0.08%
PH	A	0.08%
UNP	C	0.08%
CMI	A	0.08%
NSC	B	0.08%
OTIS	C	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
ODFL	B	0.08%
HII	D	0.08%
BX	A	0.08%
NTRS	A	0.08%
BLK	C	0.08%
LHX	C	0.08%
LVS	C	0.08%
AMP	A	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
CTVA	C	0.08%
O	D	0.07%
LYB	F	0.07%
PPG	F	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
COP	C	0.07%
MRO	B	0.07%
MGM	D	0.07%
EOG	A	0.07%
DOW	F	0.07%
APA	D	0.07%
HES	B	0.07%
PNW	B	0.07%
FDX	B	0.07%
WEC	A	0.07%
CE	F	0.07%
ES	D	0.07%
TFC	A	0.06%
CFG	B	0.06%
HBAN	A	0.06%
FI	A	0.06%
USB	A	0.06%
FITB	A	0.06%
PNC	B	0.06%
KEY	B	0.06%
RF	A	0.06%
MTB	A	0.06%
EW	C	0.06%
ABT	B	0.06%
MDT	D	0.06%
AVY	D	0.06%
PYPL	B	0.06%
IP	B	0.06%
REG	B	0.06%
KIM	A	0.06%
PLD	D	0.06%
AMT	D	0.06%
FRT	B	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
SOLV	C	0.05%
BAX	D	0.05%
APD	A	0.05%
BDX	F	0.05%
TFX	F	0.05%
WST	C	0.05%
EMN	D	0.05%
DD	D	0.05%
ALB	C	0.05%
JKHY	D	0.05%
AON	A	0.04%
MMC	B	0.04%
BRO	B	0.04%
EFX	F	0.04%
CSGP	D	0.04%
VRSK	A	0.04%
SPGI	C	0.04%
GPN	B	0.04%
FDS	B	0.04%
MCO	B	0.04%
MA	C	0.04%
CBOE	B	0.04%
MSCI	C	0.04%
ICE	C	0.04%
V	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
ROP	B	0.03%
VLTO	D	0.03%
ROK	B	0.03%
NDSN	B	0.03%
TDY	B	0.03%
EMR	A	0.03%
TRMB	B	0.03%
FTV	C	0.03%
AJG	B	0.03%
WTW	B	0.03%

SSPY Underweight 34 Positions Relative to FDMO

Symbol	Grade	Weight
APP	B	-1.27%
COIN	C	-1.09%
NTRA	B	-0.87%
HOOD	B	-0.83%
QTWO	A	-0.78%
CVLT	B	-0.74%
GKOS	B	-0.74%
RVMD	C	-0.73%
THC	D	-0.72%
RNA	D	-0.7%
EVR	B	-0.67%
JXN	C	-0.59%
VRT	B	-0.51%
FIX	A	-0.47%
EME	C	-0.47%
MLI	C	-0.44%
ZETA	D	-0.43%
DY	D	-0.42%
TRU	D	-0.4%
SN	D	-0.39%
CVNA	B	-0.38%
TTD	B	-0.32%
LUMN	C	-0.32%
FRPT	B	-0.24%
TPL	A	-0.24%
SFM	A	-0.24%
DTM	B	-0.2%
FTI	A	-0.19%
JLL	D	-0.16%
CRS	A	-0.16%
SLG	B	-0.15%
VNO	B	-0.15%
LPX	B	-0.15%
ATI	D	-0.14%