CAPE vs. FBOT ETF Comparison

Comparison of DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) to Fidelity Disruptive Automation ETF (FBOT)

CAPE

DoubleLine Shiller CAPE U.S. Equities ETF

CAPE Description

The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500®.

Grade (RS Rating)

Last Trade

$31.52

Average Daily Volume

28,710

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBOT

Fidelity Disruptive Automation ETF

FBOT Description

The fund normally invests at least 80% of assets in securities of disruptive automation 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

$27.82

Average Daily Volume

9,711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAPE	FBOT
30 Days	6.57%	4.47%
60 Days	6.80%	6.61%
90 Days	9.18%	5.14%
12 Months	27.17%	18.29%

1 Overlapping Holdings

	Symbol	Grade	Weight in CAPE	Weight in FBOT	Overlap
	GOOG	C	2.23%	2.29%	2.23%

CAPE Overweight 9 Positions Relative to FBOT

Symbol	Grade	Weight
META	D	5.54%
BRK.A	B	3.17%
PG	A	3.07%
COST	B	2.95%
GOOGL	C	2.69%
WMT	A	2.59%
JPM	A	2.26%
KO	D	2.09%
PLD	D	2.02%

CAPE Underweight 19 Positions Relative to FBOT

Symbol	Grade	Weight
NVDA	C	-6.08%
PTC	A	-5.55%
TER	D	-3.53%
TSLA	B	-2.99%
ACN	C	-2.9%
ROK	B	-2.66%
ISRG	A	-2.58%
DE	A	-2.53%
SNPS	B	-2.35%
AME	A	-1.77%
ADSK	A	-1.57%
CAT	B	-1.52%
MANH	D	-1.49%
UBER	D	-1.43%
MSFT	F	-1.3%
AMZN	C	-1.23%
FIVN	C	-1.12%
TDY	B	-1.08%
ST	F	-0.85%