FFSM vs. SMMV ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$25.03

Average Daily Volume

19,792

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$36.45

Average Daily Volume

55,455

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	SMMV
30 Days	-4.43%	-2.87%
60 Days	1.30%	2.51%
90 Days	-0.12%	-0.12%
12 Months	17.86%	7.15%

22 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in SMMV	Overlap
ACHC	F	0.67%	0.14%	0.14%
ACLX	C	0.1%	0.07%	0.07%
BJ	B	1.22%	0.84%	0.84%
CACI	A	0.96%	0.82%	0.82%
CIEN	F	0.56%	0.12%	0.12%
CRNX	D	0.18%	0.25%	0.18%
ESGR	C	0.34%	0.51%	0.34%
GPK	D	0.68%	0.13%	0.13%
HLI	C	0.63%	0.32%	0.32%
INSM	A	0.15%	0.57%	0.15%
KBR	D	0.67%	0.53%	0.53%
KROS	C	0.02%	0.05%	0.02%
LAUR	D	0.33%	0.43%	0.33%
MMS	B	0.59%	0.29%	0.29%
MUSA	B	1.27%	1.54%	1.27%
NSIT	B	0.98%	0.45%	0.45%
ORI	C	0.89%	1.51%	0.89%
PBH	D	0.07%	0.71%	0.07%
PCVX	B	0.09%	0.45%	0.09%
RGA	B	0.65%	1.17%	0.65%
SNX	A	0.83%	0.42%	0.42%
XENE	F	0.09%	0.37%	0.09%

FFSM Overweight 136 Positions Relative to SMMV

Symbol	Grade	Weight
VRT	D	1.71%
FTI	D	1.68%
EME	B	1.65%
AR	B	1.58%
TPX	D	1.49%
AZO	C	1.47%
ACGL	B	1.33%
UHS	A	1.23%
MOH	F	1.21%
CROX	A	1.17%
ITT	D	1.14%
PFGC	D	1.11%
RRX	F	1.09%
EXP	D	1.08%
LPLA	B	1.06%
USFD	C	1.05%
CR	C	1.01%
FN	B	0.99%
DKS	B	0.98%
DOX	F	0.98%
WHD	D	0.97%
XPO	D	0.96%
CHDN	B	0.94%
DFS	D	0.89%
LNG	D	0.88%
AIZ	D	0.88%
ATKR	F	0.87%
AME	D	0.85%
NXST	D	0.82%
JLL	B	0.81%
AYI	D	0.81%
BC	F	0.81%
AIT	D	0.79%
VNT	D	0.79%
BECN	C	0.76%
FAF	D	0.75%
ASGN	D	0.75%
TGLS	D	0.74%
GVA	B	0.74%
ON	C	0.72%
STX	A	0.72%
SN	B	0.72%
MEDP	C	0.72%
PVH	C	0.71%
PCG	B	0.7%
CC	D	0.69%
CNM	C	0.68%
ALSN	D	0.66%
FCNCA	D	0.66%
AEIS	B	0.66%
ACM	D	0.66%
CRL	F	0.66%
AES	B	0.65%
STLD	D	0.64%
CMC	D	0.64%
SNV	D	0.63%
PNFP	D	0.63%
G	D	0.63%
BOOT	B	0.63%
DT	F	0.61%
FSS	C	0.59%
VTR	A	0.59%
PRI	C	0.59%
HOLX	D	0.59%
MTSI	B	0.58%
CAH	D	0.58%
WBS	F	0.58%
CADE	D	0.58%
RJF	D	0.57%
CBT	C	0.54%
KBH	B	0.54%
TENB	F	0.54%
LBRT	D	0.54%
OLN	D	0.54%
PGNY	F	0.53%
ESI	B	0.52%
AFG	D	0.52%
WTFC	D	0.51%
EXLS	D	0.5%
LPX	B	0.5%
HAYW	D	0.5%
TEX	D	0.5%
EPRT	A	0.48%
BCO	B	0.47%
OI	F	0.47%
LSCC	F	0.45%
CACC	F	0.44%
BOKF	D	0.44%
CHX	F	0.43%
EBC	D	0.43%
LEA	F	0.4%
ASO	F	0.4%
TMDX	B	0.4%
CWK	B	0.39%
WSC	F	0.39%
NOMD	D	0.39%
FIBK	D	0.38%
NOG	D	0.38%
FROG	C	0.37%
ICHR	D	0.37%
FBP	D	0.35%
ALGM	D	0.34%
CNXC	D	0.34%
LITE	B	0.34%
DOOO	F	0.34%
FLEX	B	0.33%
FIVN	F	0.33%
DIOD	D	0.33%
RUSHA	D	0.32%
ARGX	C	0.31%
LCII	F	0.29%
OMI	F	0.28%
EAT	B	0.28%
PRO	F	0.28%
MTB	D	0.27%
RGEN	F	0.24%
HELE	D	0.21%
IBTX	D	0.21%
KFRC	D	0.2%
CSTM	D	0.19%
PATK	D	0.18%
XPRO	B	0.17%
MDGL	B	0.16%
CYTK	D	0.15%
VCEL	D	0.14%
ECPG	F	0.13%
CLDX	F	0.12%
NUVL	B	0.11%
ICLR	B	0.11%
AXSM	C	0.09%
TCBK	C	0.07%
ARVN	F	0.06%
TXG	F	0.04%
MORF	D	0.04%
ZNTL	F	0.02%
ALXO	F	0.01%

FFSM Underweight 270 Positions Relative to SMMV

Symbol	Grade	Weight
ATR	B	-1.49%
CHE	D	-1.47%
RGLD	D	-1.4%
AXS	B	-1.38%
ADC	B	-1.34%
SIGI	F	-1.27%
EXEL	D	-1.26%
HQY	B	-1.22%
RLI	D	-1.18%
GNTX	D	-1.17%
OGE	B	-1.12%
EHC	B	-1.06%
THG	D	-1.04%
DLB	F	-1.03%
ENSG	B	-1.01%
IDA	D	-1.0%
WTM	C	-0.99%
FLO	D	-0.99%
RNR	C	-0.94%
LSTR	D	-0.91%
MDU	C	-0.91%
DTM	B	-0.88%
CVLT	B	-0.87%
POST	D	-0.86%
PNW	B	-0.86%
NEU	D	-0.84%
PAGP	D	-0.79%
PSN	C	-0.78%
FCN	D	-0.78%
CASY	B	-0.74%
LOPE	C	-0.71%
INGR	D	-0.69%
ALKS	C	-0.69%
PNM	C	-0.69%
TKO	B	-0.68%
CCCS	B	-0.67%
NWE	C	-0.67%
CW	C	-0.67%
SFM	B	-0.67%
MSM	F	-0.67%
AMED	F	-0.65%
CTRE	B	-0.64%
BWXT	D	-0.64%
WEN	F	-0.64%
BRC	B	-0.64%
MSGS	C	-0.63%
RYAN	C	-0.61%
HESM	C	-0.61%
SON	C	-0.6%
FCFS	D	-0.6%
TXRH	B	-0.6%
IONS	C	-0.59%
OHI	A	-0.55%
LRN	B	-0.54%
JJSF	B	-0.54%
GHC	D	-0.53%
CALM	C	-0.53%
CCOI	F	-0.53%
POR	D	-0.52%
INSW	C	-0.52%
MSA	C	-0.51%
VNOM	D	-0.49%
PINC	F	-0.49%
WERN	D	-0.48%
TGNA	F	-0.46%
JAZZ	C	-0.45%
HRB	B	-0.45%
IBKR	B	-0.44%
PRGS	F	-0.44%
NYT	B	-0.44%
EQC	B	-0.43%
AVT	B	-0.42%
PDCO	F	-0.42%
AM	B	-0.4%
ADUS	B	-0.4%
VRRM	C	-0.4%
GO	F	-0.4%
IDYA	D	-0.39%
MGEE	D	-0.39%
HURN	C	-0.39%
BATRK	C	-0.39%
LANC	C	-0.38%
REYN	C	-0.38%
VIRT	B	-0.37%
CWAN	B	-0.36%
GPOR	C	-0.35%
ASH	C	-0.35%
SMPL	B	-0.35%
CWST	B	-0.35%
MCY	D	-0.34%
MGRC	D	-0.34%
KNTK	B	-0.34%
DCI	D	-0.34%
CSWI	B	-0.33%
DVAX	D	-0.33%
BHE	B	-0.32%
HMN	D	-0.32%
NHC	B	-0.31%
PRDO	C	-0.31%
VVV	C	-0.3%
OPCH	D	-0.29%
ALE	B	-0.29%
UNF	F	-0.29%
DRS	A	-0.29%
YELP	F	-0.29%
SAIC	D	-0.28%
SKWD	D	-0.28%
SNDR	D	-0.28%
CRAI	B	-0.27%
WT	B	-0.26%
UNM	D	-0.26%
NWLI	A	-0.25%
NJR	C	-0.25%
OLLI	B	-0.25%
SAFT	D	-0.25%
SCI	B	-0.25%
DBX	F	-0.25%
COLL	D	-0.24%
NTST	C	-0.24%
EIG	D	-0.24%
LBTYK	C	-0.23%
WABC	D	-0.23%
OSW	B	-0.23%
IMKTA	F	-0.22%
AVPT	B	-0.22%
CORT	B	-0.22%
KRP	C	-0.22%
IDCC	B	-0.22%
HWKN	B	-0.22%
AGX	B	-0.21%
AVA	D	-0.21%
SWX	D	-0.2%
EDR	A	-0.2%
INVA	B	-0.2%
PPC	C	-0.19%
HCC	C	-0.19%
RARE	F	-0.19%
ATEN	D	-0.18%
CHH	D	-0.18%
SPNT	C	-0.18%
NTCT	F	-0.18%
MIRM	C	-0.18%
SHEN	D	-0.18%
ARCH	D	-0.18%
AWR	D	-0.18%
AMSF	F	-0.18%
BFC	D	-0.18%
ICFI	D	-0.18%
JBSS	D	-0.18%
KNSA	C	-0.17%
GTX	D	-0.17%
PRGO	F	-0.17%
CWT	D	-0.17%
IRWD	F	-0.16%
NABL	B	-0.16%
WMK	D	-0.16%
PJT	B	-0.16%
RGR	F	-0.16%
CNXN	C	-0.16%
KRYS	B	-0.15%
REX	D	-0.15%
SPTN	F	-0.15%
HALO	B	-0.15%
USLM	B	-0.15%
BLKB	D	-0.15%
CNX	B	-0.14%
SLGN	D	-0.14%
VITL	B	-0.14%
CXW	F	-0.14%
HSTM	B	-0.14%
CHCO	D	-0.14%
KELYA	D	-0.14%
SMP	F	-0.13%
LSXMA	F	-0.13%
OGS	F	-0.13%
CLW	B	-0.13%
VVX	D	-0.13%
ADMA	A	-0.13%
IDT	D	-0.13%
VREX	F	-0.13%
UVE	D	-0.12%
ALRM	D	-0.12%
ATGE	B	-0.12%
ANIP	D	-0.11%
NTNX	C	-0.11%
UFCS	D	-0.11%
LTC	B	-0.11%
STRA	C	-0.11%
CCRN	D	-0.11%
LQDA	C	-0.11%
EBF	B	-0.11%
HCKT	D	-0.11%
USM	B	-0.11%
IRON	C	-0.11%
PBF	F	-0.1%
LMAT	A	-0.1%
AGIO	B	-0.1%
DJCO	B	-0.1%
DHIL	F	-0.1%
ACEL	D	-0.1%
YORW	D	-0.1%
HCI	D	-0.09%
THS	D	-0.09%
ZYME	C	-0.09%
NPK	D	-0.09%
FRPH	D	-0.09%
LQDT	B	-0.09%
CEIX	B	-0.08%
ITCI	D	-0.08%
RAMP	F	-0.08%
SCHL	F	-0.08%
GWRE	B	-0.08%
DCPH	A	-0.08%
TIPT	D	-0.08%
EPAC	B	-0.08%
ACT	D	-0.08%
PLXS	C	-0.08%
NRC	F	-0.08%
FC	F	-0.08%
IMNM	D	-0.08%
TARS	D	-0.07%
DK	F	-0.07%
WINA	D	-0.07%
IMXI	C	-0.07%
SR	D	-0.07%
TBPH	F	-0.07%
HG	B	-0.07%
CPK	C	-0.07%
SEB	F	-0.07%
CNSL	B	-0.07%
MATX	B	-0.07%
MODN	B	-0.07%
OSIS	C	-0.07%
BBSI	B	-0.07%
ATEX	D	-0.07%
NTGR	B	-0.06%
COKE	B	-0.06%
AESI	D	-0.06%
DORM	C	-0.06%
MCS	D	-0.06%
BATRA	C	-0.06%
UTZ	C	-0.06%
USPH	F	-0.06%
BOX	D	-0.06%
CGON	C	-0.06%
TH	F	-0.06%
RMR	D	-0.06%
CRVL	C	-0.06%
SENEA	C	-0.06%
SPRY	D	-0.06%
CRGX	F	-0.05%
IMAX	F	-0.05%
ITOS	B	-0.05%
ANAB	B	-0.05%
CGEM	D	-0.05%
EWTX	C	-0.05%
ACAD	F	-0.05%
UTI	D	-0.05%
GNK	C	-0.05%
SQSP	A	-0.05%
MITK	F	-0.05%
SWBI	D	-0.05%
GEO	D	-0.05%
ADEA	B	-0.05%
CART	D	-0.05%
BTU	D	-0.05%
IRMD	B	-0.04%
ROG	C	-0.04%
DAWN	F	-0.04%
BMEA	F	-0.02%