DVLU vs. FFSM ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Value ETF (DVLU) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

DVLU

First Trust Dorsey Wright Momentum & Value ETF

DVLU Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Value Index (the "index"). Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is a rules-based equity index designed to track the overall performance of the 50 most undervalued stocks comprising the NASDAQ US Large Mid Index that exhibit high levels of "relative strength." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.34

Average Daily Volume

4,684

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$29.06

Average Daily Volume

28,472

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	DVLU	FFSM
30 Days	4.63%	7.11%
60 Days	4.77%	5.92%
90 Days	6.59%	6.92%
12 Months	38.44%	35.08%

15 Overlapping Holdings

Symbol	Grade	Weight in DVLU	Weight in FFSM	Overlap
ACGL	D	1.64%	1.45%	1.45%
AYI	B	1.32%	0.81%	0.81%
CACI	D	0.81%	1.06%	0.81%
CAH	B	3.1%	0.36%	0.36%
DKS	C	1.07%	0.84%	0.84%
EME	C	1.26%	1.81%	1.26%
FCNCA	A	2.63%	0.63%	0.63%
JLL	D	1.83%	1.1%	1.1%
KBH	D	2.78%	0.64%	0.64%
MUSA	A	1.03%	1.34%	1.03%
NSIT	F	0.92%	1.33%	0.92%
RGA	A	3.13%	0.76%	0.76%
SF	B	1.99%	0.75%	0.75%
UHS	D	2.44%	1.5%	1.5%
USFD	A	1.75%	1.16%	1.16%

DVLU Overweight 35 Positions Relative to FFSM

Symbol	Grade	Weight
COF	B	3.43%
JXN	C	3.09%
TMHC	B	3.05%
TRV	B	2.93%
DELL	C	2.92%
INGR	B	2.78%
OC	A	2.77%
AIG	B	2.76%
BPOP	B	2.7%
TOL	B	2.69%
MTH	D	2.66%
THC	D	2.63%
MHK	D	2.43%
PHM	D	2.33%
CB	C	2.19%
LEN	D	2.18%
DHI	D	2.15%
WAL	B	2.14%
NRG	B	2.11%
ALL	A	2.09%
GS	A	1.83%
JPM	A	1.72%
MTG	C	1.69%
JEF	A	1.66%
WRB	A	1.54%
KMI	A	1.49%
OKE	A	1.46%
FLR	B	1.22%
HCA	F	1.16%
CBRE	B	1.14%
KEX	C	1.1%
AFL	B	1.09%
DVA	B	1.02%
CASY	A	1.01%
AM	A	0.99%

DVLU Underweight 156 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	A	-1.47%
TPX	B	-1.46%
EXP	A	-1.44%
AR	B	-1.27%
BJ	A	-1.22%
FN	D	-1.22%
ITT	A	-1.2%
CROX	D	-1.17%
PFGC	B	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
MOH	F	-1.1%
WHD	B	-1.01%
CR	A	-1.01%
RRX	B	-1.01%
ORI	A	-0.96%
SNX	C	-0.95%
DOX	D	-0.92%
AIZ	A	-0.91%
BOOT	D	-0.9%
TMDX	F	-0.9%
LNG	B	-0.9%
DFS	B	-0.89%
AIT	A	-0.88%
SNV	B	-0.88%
STX	D	-0.84%
TGLS	B	-0.81%
FAF	A	-0.77%
ALSN	B	-0.76%
BC	C	-0.76%
VTR	C	-0.76%
NXST	C	-0.75%
PNFP	B	-0.73%
PCG	A	-0.72%
HLI	B	-0.71%
GPK	C	-0.71%
AEIS	B	-0.66%
ACM	A	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
ON	D	-0.62%
BECN	B	-0.61%
MMS	F	-0.6%
CMC	B	-0.6%
FSS	B	-0.6%
LBRT	D	-0.59%
G	B	-0.59%
VNT	B	-0.59%
CBT	C	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	A	-0.57%
MEDP	D	-0.57%
MTSI	B	-0.57%
PRI	A	-0.56%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	D	-0.56%
CHDN	B	-0.54%
ESI	A	-0.54%
CIEN	B	-0.53%
ASO	F	-0.53%
WTFC	A	-0.52%
CRL	C	-0.52%
CWK	B	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
IESC	B	-0.51%
GMS	B	-0.51%
WIX	B	-0.5%
AFG	A	-0.49%
EBC	B	-0.49%
CTRE	D	-0.49%
EAT	A	-0.47%
CNM	D	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
BLDR	D	-0.46%
TENB	C	-0.45%
OLN	D	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	A	-0.42%
TEX	D	-0.42%
ARGX	A	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
MASI	A	-0.39%
IP	B	-0.37%
CXT	B	-0.36%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	B	-0.34%
GTES	A	-0.33%
WFRD	D	-0.33%
PCVX	D	-0.32%
FLEX	A	-0.31%
AZEK	A	-0.3%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	D	-0.3%
GRBK	D	-0.3%
CNXC	F	-0.29%
IBTX	B	-0.29%
FBP	B	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
AMN	F	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	D	-0.2%
CRNX	C	-0.19%
ACLX	C	-0.19%
RGEN	D	-0.19%
KFRC	D	-0.18%
CYTK	F	-0.18%
MDGL	B	-0.16%
NUVL	D	-0.16%
AAP	C	-0.15%
XPRO	F	-0.14%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	B	-0.08%
MRUS	F	-0.07%
PBH	A	-0.06%
ARVN	D	-0.04%
ATKR	C	-0.01%
FIBK	A	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%