ADME vs. FFLC ETF Comparison

Comparison of Aptus Drawdown Managed Equity ETF (ADME) to Fidelity Fundamental Large Cap Core ETF (FFLC)

ADME

Aptus Drawdown Managed Equity ETF

ADME Description

The investment seeks capital appreciation with downside protection. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its objective principally by investing in a portfolio of typically 40 to 50 U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investment purposes) will be invested in equity securities.

Grade (RS Rating)

Last Trade

$46.21

Average Daily Volume

20,631

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.70

Average Daily Volume

97,360

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	ADME	FFLC
30 Days	3.19%	5.05%
60 Days	8.17%	12.18%
90 Days	3.51%	3.63%
12 Months	33.06%	43.15%

30 Overlapping Holdings

Symbol	Grade	Weight in ADME	Weight in FFLC	Overlap
AAPL	C	7.1%	4.51%	4.51%
ADBE	F	0.48%	1.41%	0.48%
ADI	B	0.93%	0.55%	0.55%
AMZN	C	3.55%	3.26%	3.26%
BAC	B	0.89%	0.9%	0.89%
CAT	A	1.82%	0.75%	0.75%
CMCSA	B	0.38%	1.16%	0.38%
ETN	B	0.58%	1.05%	0.58%
FCX	B	0.42%	0.75%	0.42%
INTU	F	0.97%	0.92%	0.92%
JPM	C	1.75%	0.98%	0.98%
LIN	C	1.42%	0.81%	0.81%
LLY	D	1.44%	1.93%	1.44%
LMT	A	1.86%	0.68%	0.68%
META	A	2.63%	2.57%	2.57%
MMC	D	0.91%	0.53%	0.53%
MRK	F	0.78%	0.26%	0.26%
MS	A	0.92%	0.6%	0.6%
MSFT	D	6.45%	7.7%	6.45%
NFLX	A	1.08%	1.06%	1.06%
NVDA	B	6.28%	3.39%	3.39%
SLB	D	0.26%	0.6%	0.26%
SO	A	1.07%	0.82%	0.82%
SYK	C	1.72%	0.67%	0.67%
TJX	D	0.88%	1.2%	0.88%
TMO	D	1.27%	1.03%	1.03%
UNH	B	1.26%	1.72%	1.26%
V	B	1.66%	1.63%	1.63%
WMT	A	1.15%	0.49%	0.49%
XOM	A	1.87%	1.49%	1.49%

ADME Overweight 45 Positions Relative to FFLC

Symbol	Grade	Weight
GOOG	B	3.69%
AVGO	B	2.26%
NOW	B	1.8%
BRK.A	B	1.73%
PGR	B	1.68%
AMAT	C	1.55%
TSLA	C	1.49%
LOW	C	1.28%
PG	D	1.28%
PEP	F	1.22%
BLK	A	1.16%
ACN	B	1.14%
JNJ	D	1.1%
TMUS	A	1.1%
MCD	A	1.05%
CSX	D	1.03%
COST	C	1.0%
MAR	A	1.0%
PLD	D	0.95%
FI	A	0.94%
ELV	F	0.93%
CTAS	C	0.93%
PHM	C	0.93%
HON	C	0.86%
MSI	A	0.84%
ABT	C	0.8%
NEE	C	0.79%
ABBV	C	0.78%
MDLZ	D	0.76%
FANG	D	0.75%
ICE	A	0.74%
ISRG	C	0.72%
DUK	C	0.67%
DE	C	0.63%
DLR	C	0.63%
TYL	D	0.58%
MO	D	0.57%
C	B	0.57%
PSA	C	0.54%
VRTX	D	0.48%
EOG	B	0.47%
SHW	C	0.45%
BR	B	0.41%
AMGN	D	0.41%
ADP	A	0.31%

ADME Underweight 103 Positions Relative to FFLC

Symbol	Grade	Weight
GOOGL	B	-2.4%
BA	F	-1.31%
AMD	C	-1.27%
BSX	A	-1.23%
WFC	B	-1.08%
UBER	C	-1.04%
PH	A	-1.02%
CRM	B	-0.98%
CB	A	-0.97%
NKE	D	-0.92%
PWR	A	-0.92%
GE	B	-0.9%
KVUE	C	-0.88%
DHR	D	-0.82%
ORCL	A	-0.79%
REGN	D	-0.76%
KO	C	-0.73%
IR	A	-0.73%
APTV	D	-0.71%
BKR	B	-0.7%
SHOP	B	-0.69%
ON	F	-0.69%
NXPI	F	-0.68%
HWM	A	-0.67%
JBL	C	-0.67%
GNRC	B	-0.66%
CEG	A	-0.66%
VST	A	-0.65%
KDP	C	-0.63%
BKNG	B	-0.61%
NOC	B	-0.6%
BJ	B	-0.58%
TSM	B	-0.58%
DIS	D	-0.57%
PFGC	A	-0.57%
CI	D	-0.52%
FLEX	B	-0.52%
LNG	A	-0.51%
CNC	F	-0.51%
RL	B	-0.51%
ABNB	D	-0.5%
CE	D	-0.49%
HLT	A	-0.49%
MLM	F	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	B	-0.46%
NVR	C	-0.45%
BWXT	A	-0.45%
SNPS	F	-0.44%
CSCO	A	-0.44%
WDAY	D	-0.44%
DT	B	-0.43%
KBR	A	-0.42%
ESI	C	-0.42%
CMG	C	-0.42%
ARES	A	-0.41%
FCN	C	-0.41%
SPOT	C	-0.4%
ITT	C	-0.39%
LEN	C	-0.39%
CBRE	C	-0.39%
BLDR	C	-0.39%
FOUR	A	-0.39%
AVY	D	-0.38%
EDR	A	-0.37%
URI	C	-0.37%
GS	B	-0.33%
WSC	D	-0.32%
HLI	A	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	B	-0.29%
GILD	A	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	D	-0.27%
GLPI	C	-0.26%
TT	A	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
ACGL	A	-0.24%
FND	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	D	-0.2%
WNS	F	-0.19%
ESS	D	-0.18%
FAF	C	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	A	-0.16%
MU	D	-0.14%
MASI	B	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%