ARVR vs. FBUF ETF Comparison

Comparison of First Trust Indxx Metaverse ETF (ARVR) to Fidelity Dynamic Buffered Equity ETF (FBUF)
ARVR

First Trust Indxx Metaverse ETF

ARVR Description

The investment seeks to provide investment results that, before fees and expenses, track the price return performance of the EQM Tactile AR/VR Virtual Technology Index. The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that are expected to benefit from the increased adoption of augmented reality ("AR") and virtual reality ("VR") technologies. The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the index concentrates in an industry or group of industries. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.67

Average Daily Volume

1,681

Number of Holdings *

23

* may have additional holdings in another (foreign) market
FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings *

155

* may have additional holdings in another (foreign) market
Performance
Period ARVR FBUF
30 Days 4.17% 3.10%
60 Days 5.22% 4.70%
90 Days 5.43% 6.08%
12 Months 18.55%
9 Overlapping Holdings
Symbol Grade Weight in ARVR Weight in FBUF Overlap
AAPL C 3.04% 7.34% 3.04%
ADBE C 3.1% 0.94% 0.94%
META D 2.94% 2.89% 2.89%
MSFT F 3.09% 5.66% 3.09%
MU D 2.82% 0.5% 0.5%
NFLX A 3.49% 1.28% 1.28%
NVDA C 3.26% 7.37% 3.26%
QCOM F 2.95% 0.85% 0.85%
ZM B 3.55% 0.53% 0.53%
ARVR Overweight 14 Positions Relative to FBUF
Symbol Grade Weight
RBLX C 3.79%
TTWO A 3.58%
EA A 3.52%
APH A 3.38%
INTC D 3.25%
TSM B 3.1%
TXN C 3.08%
SNAP C 3.08%
SNPS B 3.03%
SONY B 2.98%
AMD F 2.54%
MCHP D 2.52%
TDOC C 1.18%
U C 1.01%
ARVR Underweight 146 Positions Relative to FBUF
Symbol Grade Weight
AMZN C -3.84%
BRK.A B -2.2%
GOOGL C -2.04%
JPM A -1.93%
GOOG C -1.89%
AVGO D -1.62%
XOM B -1.56%
MA C -1.36%
HD A -1.32%
TSLA B -1.27%
BAC A -1.18%
CRM B -1.16%
MRK F -0.96%
PM B -0.94%
ABBV D -0.91%
CMCSA B -0.84%
WMT A -0.82%
NEE D -0.82%
CSCO B -0.8%
PG A -0.8%
SCHW B -0.79%
LLY F -0.76%
UNP C -0.75%
BMY B -0.74%
GILD C -0.74%
JNJ D -0.73%
PYPL B -0.72%
TJX A -0.72%
C A -0.72%
T A -0.71%
LMT D -0.71%
TT A -0.68%
PGR A -0.67%
AMAT F -0.67%
V A -0.65%
CTAS B -0.65%
DIS B -0.65%
ECL D -0.63%
CI F -0.63%
ABT B -0.63%
KLAC D -0.61%
SQ B -0.6%
NOC D -0.6%
BDX F -0.58%
UNH C -0.57%
CL D -0.55%
SEIC B -0.54%
MMC B -0.53%
CAT B -0.53%
DBX B -0.52%
ZBRA B -0.52%
CVNA B -0.52%
DVN F -0.52%
NOW A -0.5%
TXT D -0.5%
CSX B -0.49%
GE D -0.48%
EOG A -0.48%
CMG B -0.47%
IGT F -0.46%
CME A -0.44%
SPG B -0.44%
GRMN B -0.44%
MSI B -0.43%
AXP A -0.43%
EXEL B -0.43%
WM A -0.41%
PFE D -0.41%
TMO F -0.38%
HWM A -0.38%
ALLE D -0.38%
PCAR B -0.37%
NUE C -0.36%
ANF C -0.35%
TDC D -0.35%
ALRM C -0.34%
PPG F -0.34%
INCY C -0.34%
F C -0.33%
LDOS C -0.31%
SKYW B -0.31%
CAH B -0.31%
COST B -0.3%
RTX C -0.28%
TMUS B -0.28%
MEDP D -0.28%
TROW B -0.28%
WFC A -0.28%
TRV B -0.26%
ADP B -0.26%
MSCI C -0.26%
AMGN D -0.25%
UBER D -0.24%
SYK C -0.24%
LRCX F -0.24%
CVS D -0.23%
RSG A -0.23%
MGM D -0.23%
AMT D -0.21%
LHX C -0.21%
SPGI C -0.21%
GAP C -0.21%
BIIB F -0.21%
FTNT C -0.2%
PEP F -0.19%
MMM D -0.19%
TPH D -0.18%
SSNC B -0.18%
CACI D -0.17%
PSA D -0.17%
LNW D -0.16%
BBWI D -0.16%
OXY D -0.15%
IDXX F -0.15%
VST B -0.14%
CLX B -0.14%
ITW B -0.14%
GL B -0.13%
GEN B -0.13%
KR B -0.12%
BK A -0.12%
INTU C -0.12%
AON A -0.12%
NSC B -0.11%
DASH A -0.11%
LPLA A -0.11%
UNM A -0.1%
ED D -0.1%
AME A -0.09%
TWLO A -0.09%
NRG B -0.09%
DOCU A -0.09%
LYFT C -0.08%
CINF A -0.07%
PLTK B -0.07%
CRUS D -0.07%
QRVO F -0.06%
NBIX C -0.06%
ANET C -0.06%
ORCL B -0.04%
VEEV C -0.04%
TNL A -0.04%
UTHR C -0.04%
TOL B -0.02%
CVX A -0.02%
PEGA A -0.02%
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