BPAY vs. FDFF ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to Fidelity Disruptive Finance ETF (FDFF)

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$26.66

Average Daily Volume

216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.02

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	FDFF
30 Days	4.42%	7.85%
60 Days	6.55%	13.79%
90 Days	7.94%	18.77%
12 Months	31.84%	43.70%

8 Overlapping Holdings

Symbol	Grade	Weight in BPAY	Weight in FDFF	Overlap
COF	B	6.07%	5.03%	5.03%
FI	A	4.5%	1.83%	1.83%
FOUR	A	2.87%	0.89%	0.89%
MA	B	1.15%	5.06%	1.15%
NU	C	2.24%	1.09%	1.09%
RPAY	D	2.53%	0.68%	0.68%
SQ	A	2.98%	2.07%	2.07%
V	A	1.14%	5.36%	1.14%

BPAY Overweight 14 Positions Relative to FDFF

Symbol	Grade	Weight
DFS	B	6.11%
SYF	B	6.05%
SCHW	A	5.15%
GPN	C	5.0%
PYPL	B	4.92%
WEX	F	3.25%
AXP	B	2.62%
FIS	C	2.49%
PAYO	A	2.49%
AX	B	2.32%
LOB	C	1.6%
CCB	A	1.45%
HCI	C	1.15%
BLND	A	1.02%

BPAY Underweight 25 Positions Relative to FDFF

Symbol	Grade	Weight
BLK	B	-5.78%
APO	B	-5.71%
FLYW	B	-4.39%
MSTR	B	-3.84%
EFX	F	-3.33%
ICE	D	-2.9%
TOST	A	-2.83%
OWL	A	-2.06%
DLO	C	-2.0%
COIN	B	-2.0%
TW	A	-1.48%
CBOE	C	-1.47%
NRDS	D	-1.38%
ARES	A	-1.34%
MKTX	D	-1.16%
CASH	B	-1.15%
VRSK	A	-1.1%
MSCI	C	-1.06%
BILL	A	-1.03%
VIRT	A	-0.99%
PFSI	D	-0.96%
AMH	C	-0.9%
ALLY	C	-0.85%
MELI	C	-0.81%
UWMC	D	-0.59%