CRTC vs. FBUF ETF Comparison

Comparison of Xtrackers US National Critical Technologies ETF (CRTC) to Fidelity Dynamic Buffered Equity ETF (FBUF)

CRTC

Xtrackers US National Critical Technologies ETF

CRTC Description

CRTC tracks an index of large- and mid-cap companies considered to support critical emerging technologies to the US and its allies. Companies must be associated with one of 14 critical technology sectors and pose low geopolitical risk. Critical technology sectors are determined by a division of the US DoD and include biotechnology, quantum science, wireless tech, advanced materials, advanced computing or software, directed or renewable energy, human-machine interfaces, hypersonics, integration of systems, integrated sensing and cyber, microelectronics, space technology, AI and autonomy. A model developed by J.H. Whitney aims to quantify the level of entanglement that companies share with nation-states defined as adversarial to the US. Companies with a lower geostrategic risk rating are considered. A selection party determines the index holdings on the last Thursday of January, April, July, and October. Holdings are market cap weighted. Rebalance occurs ten days after the selection date.

Grade (RS Rating)

Last Trade

$32.37

Average Daily Volume

2,990

Number of Holdings ^*

156

* 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	CRTC	FBUF
30 Days	2.76%	3.10%
60 Days	3.55%	4.70%
90 Days	4.69%	6.08%
12 Months	28.11%

48 Overlapping Holdings

Symbol	Grade	Weight in CRTC	Weight in FBUF	Overlap
ABBV	D	1.89%	0.91%	0.91%
ABT	B	1.28%	0.63%	0.63%
ADBE	C	1.4%	0.94%	0.94%
ADP	B	0.78%	0.26%	0.26%
AMAT	F	0.9%	0.67%	0.67%
AME	A	0.28%	0.09%	0.09%
AMGN	D	0.99%	0.25%	0.25%
AMZN	C	5.26%	3.84%	3.84%
ANET	C	0.63%	0.06%	0.06%
BIIB	F	0.14%	0.21%	0.14%
BMY	B	0.75%	0.74%	0.74%
CMCSA	B	1.04%	0.84%	0.84%
CRM	B	1.94%	1.16%	1.16%
CSCO	B	1.46%	0.8%	0.8%
CVX	A	1.89%	0.02%	0.02%
DASH	A	0.35%	0.11%	0.11%
FTNT	C	0.37%	0.2%	0.2%
GEN	B	0.11%	0.13%	0.11%
GILD	C	0.7%	0.74%	0.7%
GOOGL	C	4.97%	2.04%	2.04%
IDXX	F	0.22%	0.15%	0.15%
INCY	C	0.09%	0.34%	0.09%
INTU	C	1.14%	0.12%	0.12%
ITW	B	0.5%	0.14%	0.14%
LDOS	C	0.14%	0.31%	0.14%
LHX	C	0.3%	0.21%	0.21%
LMT	D	0.81%	0.71%	0.71%
LRCX	F	0.57%	0.24%	0.24%
MSFT	F	4.94%	5.66%	4.94%
MSI	B	0.52%	0.43%	0.43%
NEE	D	1.01%	0.82%	0.82%
NOC	D	0.46%	0.6%	0.46%
NOW	A	1.34%	0.5%	0.5%
NVDA	C	5.31%	7.37%	5.31%
ORCL	B	1.97%	0.04%	0.04%
PCAR	B	0.36%	0.37%	0.36%
PFE	D	0.9%	0.41%	0.41%
RTX	C	1.01%	0.28%	0.28%
SQ	B	0.31%	0.6%	0.31%
SSNC	B	0.1%	0.18%	0.1%
T	A	1.04%	0.71%	0.71%
TMO	F	1.25%	0.38%	0.38%
TMUS	B	0.72%	0.28%	0.28%
TXT	D	0.1%	0.5%	0.1%
VEEV	C	0.2%	0.04%	0.04%
XOM	B	3.41%	1.56%	1.56%
ZBRA	B	0.13%	0.52%	0.13%
ZM	B	0.13%	0.53%	0.13%

CRTC Overweight 108 Positions Relative to FBUF

Symbol	Grade	Weight
IBM	C	1.27%
VZ	C	1.14%
DHR	F	0.98%
HON	B	0.94%
ETN	A	0.91%
BSX	B	0.85%
PANW	C	0.81%
PLTR	B	0.8%
SHOP	B	0.8%
VRTX	F	0.74%
BA	F	0.7%
MDT	D	0.69%
ADI	D	0.67%
INTC	D	0.66%
SO	D	0.61%
GEV	B	0.6%
PH	A	0.57%
CDNS	B	0.53%
SNPS	B	0.53%
ZTS	D	0.51%
CRWD	B	0.51%
REGN	F	0.5%
GD	F	0.49%
CEG	D	0.47%
EMR	A	0.47%
TDG	D	0.45%
ADSK	A	0.42%
CARR	D	0.4%
GM	B	0.39%
FCX	D	0.39%
ROP	B	0.37%
TTD	B	0.36%
PSX	C	0.35%
WDAY	B	0.35%
FICO	B	0.35%
JCI	C	0.35%
MPC	D	0.34%
AEP	D	0.33%
D	C	0.31%
FIS	C	0.3%
VLO	C	0.28%
IR	B	0.27%
SNOW	C	0.26%
DELL	C	0.26%
CTSH	B	0.25%
TEAM	A	0.25%
EXC	C	0.25%
EA	A	0.25%
DDOG	A	0.25%
A	D	0.24%
CHTR	C	0.24%
GEHC	F	0.24%
DD	D	0.22%
HUBS	A	0.22%
IQV	D	0.22%
ARGX	A	0.22%
RMD	C	0.22%
ETR	B	0.21%
EIX	B	0.21%
CSGP	D	0.2%
DOW	F	0.2%
ROK	B	0.2%
ALNY	D	0.2%
DXCM	D	0.19%
GPN	B	0.19%
ANSS	B	0.19%
TTWO	A	0.19%
HPE	B	0.18%
KEYS	A	0.18%
NET	B	0.18%
BR	A	0.17%
FTV	C	0.17%
RBLX	C	0.17%
DOV	A	0.17%
MTD	D	0.16%
PPL	B	0.16%
FE	C	0.15%
WAT	B	0.14%
EXPE	B	0.14%
WBD	C	0.14%
MDB	C	0.13%
LH	C	0.13%
ILMN	D	0.13%
ZS	C	0.12%
TER	D	0.11%
EXPD	D	0.11%
ICLR	D	0.11%
VRSN	F	0.11%
TRMB	B	0.11%
PINS	D	0.11%
DGX	A	0.11%
CHKP	D	0.1%
XRX	F	0.1%
AVTR	F	0.09%
OKTA	C	0.08%
BMRN	D	0.08%
MRNA	F	0.08%
CYBR	B	0.08%
AKAM	D	0.08%
WIX	B	0.08%
DOX	D	0.07%
AGR	B	0.07%
CLBT	B	0.07%
SNAP	C	0.07%
ENPH	F	0.06%
OTEX	D	0.06%
RPRX	D	0.06%
MNDY	C	0.06%

CRTC Underweight 107 Positions Relative to FBUF

Symbol	Grade	Weight
AAPL	C	-7.34%
META	D	-2.89%
BRK.A	B	-2.2%
JPM	A	-1.93%
GOOG	C	-1.89%
AVGO	D	-1.62%
MA	C	-1.36%
HD	A	-1.32%
NFLX	A	-1.28%
TSLA	B	-1.27%
BAC	A	-1.18%
MRK	F	-0.96%
PM	B	-0.94%
QCOM	F	-0.85%
WMT	A	-0.82%
PG	A	-0.8%
SCHW	B	-0.79%
LLY	F	-0.76%
UNP	C	-0.75%
JNJ	D	-0.73%
PYPL	B	-0.72%
TJX	A	-0.72%
C	A	-0.72%
TT	A	-0.68%
PGR	A	-0.67%
V	A	-0.65%
CTAS	B	-0.65%
DIS	B	-0.65%
ECL	D	-0.63%
CI	F	-0.63%
KLAC	D	-0.61%
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%
CVNA	B	-0.52%
DVN	F	-0.52%
MU	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%
AXP	A	-0.43%
EXEL	B	-0.43%
WM	A	-0.41%
HWM	A	-0.38%
ALLE	D	-0.38%
NUE	C	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	F	-0.34%
F	C	-0.33%
SKYW	B	-0.31%
CAH	B	-0.31%
COST	B	-0.3%
MEDP	D	-0.28%
TROW	B	-0.28%
WFC	A	-0.28%
TRV	B	-0.26%
MSCI	C	-0.26%
UBER	D	-0.24%
SYK	C	-0.24%
CVS	D	-0.23%
RSG	A	-0.23%
MGM	D	-0.23%
AMT	D	-0.21%
SPGI	C	-0.21%
GAP	C	-0.21%
PEP	F	-0.19%
MMM	D	-0.19%
TPH	D	-0.18%
CACI	D	-0.17%
PSA	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
OXY	D	-0.15%
VST	B	-0.14%
CLX	B	-0.14%
GL	B	-0.13%
KR	B	-0.12%
BK	A	-0.12%
AON	A	-0.12%
NSC	B	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
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%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%

CRTC: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Software - Infrastructure Diversified Industrials Biotechnology Aerospace & Defense Drug Manufacturers - Major Utilities - Regulated Electric Internet Content & Information Business Services Communication Equipment Information Technology Services Semiconductor Equipment & Materials Telecom Services Utilities - Diversified Medical Devices Oil & Gas Refining & Marketing Scientific & Technical Instruments Semiconductors Chemicals