CWS vs. FDFF ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Fidelity Disruptive Finance ETF (FDFF)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$62.24

Average Daily Volume

11,018

Number of Holdings ^*

23

* 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

$29.64

Average Daily Volume

2,096

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	CWS	FDFF
30 Days	-0.23%	-1.49%
60 Days	1.80%	-0.03%
90 Days	-2.27%	-7.54%
12 Months	18.40%	18.43%

0 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in FDFF	Overlap

CWS Overweight 23 Positions Relative to FDFF

	Symbol	Grade	Weight
	APH	B	5.27%
	MLR	C	5.03%
	HEI	B	4.81%
	FICO	A	4.58%
	SYK	B	4.38%
	ROL	A	4.29%
	AFL	B	4.15%
	OTIS	B	4.05%
	MCO	B	4.05%
	ICE	A	4.03%
	TMO	D	4.02%
	HSY	F	3.75%
	AWK	C	3.75%
	BR	B	3.7%
	INTU	B	3.68%
	SLGN	D	3.61%
	ABT	D	3.59%
	SAIC	D	3.46%
	AGM	C	3.42%
	CE	F	3.37%
	MGRC	F	3.31%
	FDS	D	3.26%
	PII	F	3.09%

CWS Underweight 7 Positions Relative to FDFF

	Symbol	Grade	Weight
	V	D	-6.06%
	MA	D	-5.56%
	BLK	B	-5.42%
	BWIN	B	-5.09%
	COF	D	-4.84%
	EFX	C	-4.58%
	FLYW	F	-3.75%

CWS: Top Represented Industries & Keywords

Industries: Business Services Capital Markets Medical Devices Aerospace & Defense Auto Parts Chemicals Confectioners Credit Services Diagnostics & Research Electronic Components Financial Data & Stock Exchanges Information Technology Services Insurance - Life Packaging & Containers Recreational Vehicles Rental & Leasing Services Software - Application Software - Infrastructure Specialty Industrial Machinery Utilities - Regulated Water

Keywords: S&P 500 Cancer Electronics Transport Aerospace Beverage Products Card Processing Chemical Chemical Product Communication Solutions Credit Drink Lab Testing Land Transport Medicine Moody's Analytics Navigation Systems Payment Systems Personal Finance Sanitation

FDFF: Top Represented Industries & Keywords

Industries: Credit Services Asset Management Business Services Information Technology Services Insurance Brokers

Keywords: S&P 500 Payment Systems Credit Card Debit Card Insurance Risk Management Telecommunications Advisory Services Alternative Investment Alternative Payments Bank Blackrock Cement Services Commercial Bank Commercial Banking Connectivity Services Credit Credit Bureau Credit Information Credit Score