SVAL vs. FFSM ETF Comparison

Comparison of iShares US Small Cap Value Factor ETF (SVAL) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

SVAL

iShares US Small Cap Value Factor ETF

SVAL Description

The investment seeks to track the investment results of the Russell 2000 Focused Value Select Index composed of U.S. small-capitalization stocks with prominent value characteristics. The index measures the performance of small-capitalization U.S. companies with prominent value factor characteristics, as determined by the index provider. The fund generally will invest at least 80% of its assets in the component securities and other instruments of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

85,692

Number of Holdings ^*

228

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

27,815

Number of Holdings ^*

162

* may have additional holdings in another (foreign) market

Performance

Period	SVAL	FFSM
30 Days	-3.35%	0.36%
60 Days	-5.60%	1.66%
90 Days	9.02%	8.41%
12 Months	21.44%	31.29%

10 Overlapping Holdings

Symbol	Grade	Weight in SVAL	Weight in FFSM	Overlap
ARCB	D	0.38%	0.3%	0.3%
CADE	D	0.0%	0.63%	0.0%
EBC	D	0.9%	0.52%	0.52%
FBP	D	0.0%	0.32%	0.0%
GMS	D	0.5%	0.5%	0.5%
KBH	C	0.65%	0.62%	0.62%
LCII	B	0.36%	0.3%	0.3%
NOG	D	0.31%	0.65%	0.31%
PATK	B	0.67%	0.19%	0.19%
TCBK	D	0.46%	0.08%	0.08%

SVAL Overweight 218 Positions Relative to FFSM

Symbol	Grade	Weight
SKYW	B	0.71%
MHO	A	0.71%
HTLF	C	0.67%
MLI	B	0.67%
TILE	B	0.66%
LC	D	0.64%
MTH	B	0.59%
UMBF	C	0.59%
LOB	C	0.58%
AX	D	0.58%
TPH	B	0.58%
TMHC	B	0.58%
ARIS	C	0.58%
MBIN	D	0.57%
FBK	D	0.57%
GBCI	D	0.56%
MATX	B	0.56%
AKR	B	0.56%
UVSP	D	0.55%
UVE	C	0.55%
CALM	A	0.54%
CCS	C	0.54%
KFY	C	0.54%
HSII	B	0.53%
NMIH	C	0.53%
STGW	C	0.53%
INVA	B	0.52%
QCRH	D	0.52%
TTMI	D	0.51%
CNO	C	0.51%
PRG	C	0.51%
SASR	C	0.51%
GABC	D	0.5%
SPNT	D	0.5%
FMBH	D	0.5%
TOWN	D	0.5%
AVNT	B	0.5%
SRCE	D	0.49%
JAKK	C	0.49%
CNX	A	0.49%
GHC	B	0.49%
HBNC	D	0.49%
CTBI	D	0.49%
SIG	C	0.49%
ESNT	C	0.48%
NIC	D	0.48%
PFC	D	0.48%
NTB	D	0.48%
HWC	D	0.48%
BZH	B	0.48%
WKC	B	0.48%
CNOB	C	0.48%
BCC	B	0.48%
LZB	C	0.48%
AEO	C	0.47%
ESGR	D	0.47%
STNG	D	0.47%
BY	D	0.47%
ACT	C	0.47%
BUSE	D	0.47%
UBSI	D	0.47%
WAFD	D	0.47%
EFSC	D	0.47%
EGY	D	0.46%
BNL	B	0.46%
FRME	D	0.46%
HCC	D	0.45%
REZI	F	0.45%
ONB	D	0.45%
BXC	D	0.45%
THFF	D	0.45%
HOMB	D	0.45%
UFPI	B	0.45%
AOSL	D	0.44%
ASB	F	0.44%
FOR	D	0.43%
CFFN	D	0.43%
FIBK	D	0.43%
ALE	A	0.43%
RNST	D	0.43%
AMWD	C	0.43%
CCB	C	0.43%
LPG	F	0.42%
UNFI	B	0.42%
VSTO	D	0.42%
NWE	A	0.42%
BANC	C	0.42%
STEL	D	0.42%
TCBI	C	0.42%
CVLG	D	0.42%
WASH	D	0.42%
NFBK	D	0.42%
INSW	C	0.41%
CAL	F	0.41%
KELYA	D	0.41%
PEBO	D	0.41%
TMP	D	0.41%
DEA	D	0.41%
SCS	D	0.41%
FDP	B	0.4%
OSBC	D	0.4%
SBSI	D	0.4%
HTBK	D	0.4%
HUBG	D	0.4%
HTH	D	0.39%
CXW	F	0.39%
FFIC	D	0.38%
OBK	F	0.38%
MNRO	C	0.37%
PGC	D	0.37%
METC	D	0.37%
ABG	D	0.37%
MGY	C	0.37%
ETD	B	0.37%
SPTN	B	0.36%
RMR	B	0.36%
VLY	C	0.36%
APLE	D	0.35%
NX	F	0.35%
ASIX	B	0.35%
WERN	D	0.35%
ARKO	C	0.35%
CEIX	B	0.35%
MLKN	F	0.35%
SM	F	0.35%
AAN	D	0.34%
ANDE	D	0.34%
MCS	B	0.34%
WGO	D	0.34%
THRY	F	0.33%
AMR	F	0.33%
GEF	C	0.33%
RLJ	D	0.33%
IIIN	F	0.33%
WNC	F	0.32%
CRC	B	0.32%
MD	B	0.31%
REPX	D	0.3%
SXC	F	0.3%
HPK	F	0.3%
REI	F	0.29%
HTLD	F	0.29%
CLW	F	0.28%
FLGT	F	0.28%
ARCH	D	0.28%
ATSG	C	0.27%
VSH	F	0.27%
LXU	D	0.27%
MUR	F	0.26%
DAN	F	0.26%
HP	F	0.25%
HNRG	C	0.24%
CVI	F	0.24%
RYI	F	0.24%
MTUS	F	0.24%
XRX	F	0.23%
WOR	F	0.23%
DK	F	0.23%
BRY	F	0.22%
TWI	D	0.22%
TALO	F	0.22%
HDSN	D	0.22%
CMT	F	0.22%
RGP	F	0.22%
ODP	F	0.22%
ATKR	F	0.2%
BOOM	D	0.19%
WS	D	0.19%
OIS	F	0.19%
PTEN	F	0.19%
TBI	F	0.18%
PARR	F	0.17%
CVGI	F	0.16%
TH	F	0.16%
JRVR	F	0.14%
DTC	F	0.1%
MED	F	0.09%
EGBN	C	0.0%
CVBF	D	0.0%
BRKL	D	0.0%
HAFC	D	0.0%
PPBI	D	0.0%
JBGS	C	0.0%
EIG	B	0.0%
SBCF	D	0.0%
HMN	C	0.0%
TRST	D	0.0%
CATY	D	0.0%
INDB	D	0.0%
SFNC	C	0.0%
FFBC	D	0.0%
PRDO	D	0.0%
NWBI	D	0.0%
BHLB	D	0.0%
HFWA	D	0.0%
WSFS	D	0.0%
NBTB	D	0.0%
RDN	D	0.0%
BANR	C	0.0%
FCF	D	0.0%
NBHC	D	0.0%
CASH	D	0.0%
HOPE	D	0.0%
DCOM	C	0.0%
VBTX	C	0.0%
TRMK	D	0.0%
OFG	D	0.0%
FULT	D	0.0%
FBNC	D	0.0%
GDOT	C	0.0%
ABCB	C	0.0%
CPF	C	0.0%
STC	C	0.0%
WABC	F	0.0%
STBA	D	0.0%
PFBC	D	0.0%
AUB	D	0.0%
PFS	D	0.0%

SVAL Underweight 152 Positions Relative to FFSM

Symbol	Grade	Weight
EME	C	-1.66%
UHS	D	-1.57%
FTI	B	-1.52%
ACGL	A	-1.47%
MUSA	D	-1.45%
TPX	B	-1.42%
NSIT	C	-1.37%
EXP	C	-1.32%
FN	C	-1.26%
AZO	D	-1.24%
AR	C	-1.2%
BJ	D	-1.19%
CROX	C	-1.15%
MOH	D	-1.13%
USFD	C	-1.13%
ITT	B	-1.12%
PFGC	B	-1.11%
JLL	B	-1.05%
CACI	A	-1.05%
CR	C	-1.04%
RRX	C	-1.03%
WHD	B	-1.02%
ORI	A	-0.99%
SN	B	-0.99%
TMDX	D	-0.97%
DKS	D	-0.97%
SNX	C	-0.97%
VRT	B	-0.96%
LNG	D	-0.95%
SNV	D	-0.94%
DOX	B	-0.93%
AIZ	A	-0.9%
DFS	C	-0.89%
AIT	A	-0.81%
NXST	D	-0.79%
RGA	C	-0.78%
STX	B	-0.77%
VTR	B	-0.76%
AYI	A	-0.76%
ALSN	A	-0.75%
PNFP	D	-0.75%
FAF	B	-0.75%
BOOT	B	-0.74%
PCG	B	-0.74%
TGLS	A	-0.74%
SF	A	-0.72%
GPK	B	-0.72%
FCNCA	D	-0.72%
BC	C	-0.72%
HLI	B	-0.7%
ASGN	D	-0.68%
ON	F	-0.68%
AEIS	D	-0.67%
LBRT	F	-0.65%
ACM	B	-0.65%
BECN	F	-0.64%
LPLA	D	-0.64%
FSS	B	-0.63%
VNT	F	-0.63%
MEDP	F	-0.61%
LPX	A	-0.61%
G	A	-0.61%
XPO	F	-0.6%
CMC	C	-0.59%
WBS	D	-0.58%
CAH	B	-0.58%
MTSI	C	-0.57%
CBT	B	-0.57%
HOLX	D	-0.57%
PRI	A	-0.56%
AES	B	-0.56%
BCO	A	-0.55%
ASO	D	-0.55%
ESI	B	-0.55%
MMS	A	-0.55%
CHDN	D	-0.55%
STLD	C	-0.54%
CIEN	B	-0.53%
EPRT	C	-0.53%
KBR	D	-0.53%
WTFC	C	-0.53%
WIX	D	-0.52%
CNM	F	-0.52%
CRL	F	-0.52%
PVH	F	-0.51%
AFG	B	-0.5%
IESC	B	-0.5%
RJF	B	-0.5%
HAYW	B	-0.5%
BOKF	D	-0.48%
CWK	C	-0.48%
TEX	F	-0.47%
TENB	F	-0.46%
NOMD	D	-0.45%
PRCT	C	-0.44%
EAT	A	-0.44%
AXTA	C	-0.43%
WFRD	F	-0.42%
CNXC	F	-0.42%
BLDR	B	-0.42%
LITE	C	-0.41%
OLN	D	-0.4%
LW	D	-0.39%
ARGX	A	-0.39%
CXT	F	-0.38%
IP	B	-0.37%
MASI	C	-0.35%
AZZ	C	-0.35%
RUSHA	C	-0.35%
COMP	C	-0.34%
GTES	C	-0.34%
AMN	F	-0.34%
GVA	B	-0.33%
LEA	F	-0.33%
MTB	C	-0.3%
IBTX	D	-0.3%
FLEX	B	-0.3%
DOOO	F	-0.29%
DIOD	F	-0.29%
LAUR	C	-0.25%
ALGM	F	-0.25%
PCVX	B	-0.23%
CRNX	D	-0.2%
KFRC	F	-0.2%
RGEN	F	-0.2%
CYTK	F	-0.19%
AAP	F	-0.18%
MDGL	F	-0.18%
ACLX	C	-0.16%
XPRO	F	-0.16%
VCEL	F	-0.15%
NUVL	B	-0.14%
CLDX	F	-0.13%
OMI	F	-0.13%
COGT	C	-0.12%
ICLR	F	-0.12%
CSTM	D	-0.12%
ANAB	D	-0.12%
AXSM	C	-0.11%
LBPH	D	-0.11%
TYRA	C	-0.11%
ELVN	B	-0.1%
XENE	F	-0.09%
AUTL	F	-0.09%
VRDN	B	-0.08%
PBH	D	-0.07%
MRUS	D	-0.07%
ARVN	F	-0.05%
TXG	F	-0.02%
KROS	C	-0.01%
ALXO	F	-0.0%
ZNTL	D	-0.0%