EFIV vs. FBUF ETF Comparison

Comparison of SPDR S&P 500 ESG ETF (EFIV) to Fidelity Dynamic Buffered Equity ETF (FBUF)

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* 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	EFIV	FBUF
30 Days	2.81%	3.10%
60 Days	4.79%	4.70%
90 Days	5.59%	6.08%
12 Months	30.64%

86 Overlapping Holdings

Symbol	Grade	Weight in EFIV	Weight in FBUF	Overlap
AAPL	C	9.53%	7.34%	7.34%
ABBV	D	0.84%	0.91%	0.84%
ABT	B	0.56%	0.63%	0.56%
ADBE	C	0.66%	0.94%	0.66%
ADP	B	0.35%	0.26%	0.26%
ALLE	D	0.03%	0.38%	0.03%
AMAT	F	0.42%	0.67%	0.42%
AME	A	0.13%	0.09%	0.09%
AMGN	D	0.45%	0.25%	0.25%
AMT	D	0.25%	0.21%	0.21%
AON	A	0.23%	0.12%	0.12%
AXP	A	0.45%	0.43%	0.43%
BAC	A	0.86%	1.18%	0.86%
BDX	F	0.19%	0.58%	0.19%
BIIB	F	0.07%	0.21%	0.07%
BK	A	0.16%	0.12%	0.12%
BMY	B	0.33%	0.74%	0.33%
C	A	0.37%	0.72%	0.37%
CAH	B	0.09%	0.31%	0.09%
CAT	B	0.52%	0.53%	0.52%
CI	F	0.26%	0.63%	0.26%
CL	D	0.21%	0.55%	0.21%
CMCSA	B	0.47%	0.84%	0.47%
CME	A	0.23%	0.44%	0.23%
CMG	B	0.23%	0.47%	0.23%
COST	B	1.15%	0.3%	0.3%
CRM	B	0.92%	1.16%	0.92%
CSCO	B	0.66%	0.8%	0.66%
CSX	B	0.2%	0.49%	0.2%
CTAS	B	0.21%	0.65%	0.21%
CVS	D	0.19%	0.23%	0.19%
CVX	A	0.75%	0.02%	0.02%
DIS	B	0.52%	0.65%	0.52%
DVN	F	0.07%	0.52%	0.07%
ECL	D	0.18%	0.63%	0.18%
ED	D	0.09%	0.1%	0.09%
GE	D	0.55%	0.48%	0.48%
GILD	C	0.32%	0.74%	0.32%
GL	B	0.03%	0.13%	0.03%
GOOG	C	2.42%	1.89%	1.89%
GOOGL	C	2.92%	2.04%	2.04%
HD	A	1.13%	1.32%	1.13%
IDXX	F	0.1%	0.15%	0.1%
INCY	C	0.04%	0.34%	0.04%
ITW	B	0.21%	0.14%	0.14%
JPM	A	1.91%	1.93%	1.91%
KLAC	D	0.24%	0.61%	0.24%
KR	B	0.11%	0.12%	0.11%
LLY	F	1.79%	0.76%	0.76%
LRCX	F	0.27%	0.24%	0.24%
MA	C	1.2%	1.36%	1.2%
MGM	D	0.02%	0.23%	0.02%
MMC	B	0.31%	0.53%	0.31%
MRK	F	0.7%	0.96%	0.7%
MSCI	C	0.14%	0.26%	0.14%
MSFT	F	8.8%	5.66%	5.66%
MU	D	0.31%	0.5%	0.31%
NEE	D	0.42%	0.82%	0.42%
NSC	B	0.17%	0.11%	0.11%
NVDA	C	10.02%	7.37%	7.37%
OXY	D	0.1%	0.15%	0.1%
PCAR	B	0.17%	0.37%	0.17%
PEP	F	0.63%	0.19%	0.19%
PG	A	1.09%	0.8%	0.8%
PPG	F	0.08%	0.34%	0.08%
PSA	D	0.15%	0.17%	0.15%
PYPL	B	0.25%	0.72%	0.25%
QCOM	F	0.5%	0.85%	0.5%
RSG	A	0.12%	0.23%	0.12%
SCHW	B	0.33%	0.79%	0.33%
SPGI	C	0.45%	0.21%	0.21%
SYK	C	0.37%	0.24%	0.24%
T	A	0.45%	0.71%	0.45%
TJX	A	0.38%	0.72%	0.38%
TMUS	B	0.33%	0.28%	0.28%
TROW	B	0.07%	0.28%	0.07%
TRV	B	0.16%	0.26%	0.16%
TSLA	B	2.55%	1.27%	1.27%
TT	A	0.26%	0.68%	0.26%
UBER	D	0.42%	0.24%	0.24%
UNH	C	1.56%	0.57%	0.57%
UNP	C	0.41%	0.75%	0.41%
V	A	1.44%	0.65%	0.65%
WM	A	0.23%	0.41%	0.23%
WMT	A	1.03%	0.82%	0.82%
XOM	B	1.5%	1.56%	1.5%

EFIV Overweight 227 Positions Relative to FBUF

Symbol	Grade	Weight
KO	D	0.68%
ACN	C	0.65%
AMD	F	0.63%
LIN	D	0.61%
MCD	D	0.59%
GS	A	0.52%
MS	A	0.46%
LOW	D	0.43%
DHR	F	0.43%
ETN	A	0.41%
BLK	C	0.4%
BSX	B	0.36%
FI	A	0.34%
SBUX	A	0.32%
MDT	D	0.31%
INTC	D	0.3%
CB	C	0.3%
PLD	D	0.3%
DE	A	0.28%
ELV	F	0.27%
UPS	C	0.27%
NKE	D	0.26%
MDLZ	F	0.25%
ICE	C	0.25%
SHW	A	0.25%
PH	A	0.25%
REGN	F	0.24%
EQIX	A	0.24%
PNC	B	0.23%
WELL	A	0.22%
USB	A	0.22%
ZTS	D	0.22%
EMR	A	0.21%
MCO	B	0.21%
COF	B	0.2%
TGT	F	0.2%
MAR	B	0.19%
ADSK	A	0.19%
WMB	A	0.19%
APD	A	0.19%
OKE	A	0.18%
CARR	D	0.18%
GM	B	0.18%
AJG	B	0.18%
SLB	C	0.17%
FCX	D	0.17%
HLT	A	0.17%
TFC	A	0.17%
AFL	B	0.16%
JCI	C	0.16%
URI	B	0.16%
SRE	A	0.16%
ALL	A	0.15%
GWW	B	0.15%
MPC	D	0.15%
PSX	C	0.15%
DLR	B	0.15%
AMP	A	0.15%
RCL	A	0.15%
FIS	C	0.14%
AIG	B	0.14%
CMI	A	0.14%
KMI	A	0.14%
PAYX	C	0.13%
ROST	C	0.13%
NEM	D	0.13%
DHI	D	0.13%
MET	A	0.13%
PWR	A	0.13%
DAL	C	0.12%
IR	B	0.12%
TRGP	B	0.12%
BKR	B	0.12%
PEG	A	0.12%
COR	B	0.12%
AXON	A	0.12%
DFS	B	0.12%
VLO	C	0.12%
PRU	A	0.12%
SYY	B	0.11%
KDP	D	0.11%
ACGL	D	0.11%
YUM	B	0.11%
EXC	C	0.11%
A	D	0.11%
EA	A	0.11%
HES	B	0.11%
CTVA	C	0.11%
EW	C	0.11%
OTIS	C	0.11%
CBRE	B	0.11%
VRSK	A	0.11%
HIG	B	0.1%
RMD	C	0.1%
WAB	B	0.1%
EXR	D	0.1%
HUM	C	0.1%
MTB	A	0.1%
HPQ	B	0.1%
GIS	D	0.1%
LULU	C	0.1%
CNC	D	0.09%
CSGP	D	0.09%
DOW	F	0.09%
ETR	B	0.09%
EIX	B	0.09%
FITB	A	0.09%
WTW	B	0.09%
ROK	B	0.09%
AVB	B	0.09%
NDAQ	A	0.09%
FANG	D	0.09%
IRM	D	0.09%
DECK	A	0.08%
HSY	F	0.08%
DOV	A	0.08%
KHC	F	0.08%
STT	A	0.08%
HPE	B	0.08%
ON	D	0.08%
TTWO	A	0.08%
GPN	B	0.08%
RJF	A	0.08%
XYL	D	0.08%
EBAY	D	0.08%
TSCO	D	0.08%
RF	A	0.07%
HUBB	B	0.07%
CCL	B	0.07%
ADM	D	0.07%
SW	A	0.07%
EQR	B	0.07%
HBAN	A	0.07%
SYF	B	0.07%
EQT	B	0.07%
MTD	D	0.07%
AWK	D	0.07%
CPAY	A	0.07%
PHM	D	0.07%
BR	A	0.07%
HAL	C	0.07%
VTR	C	0.07%
FTV	C	0.07%
OMC	C	0.06%
CBOE	B	0.06%
WDC	D	0.06%
CFG	B	0.06%
NTRS	A	0.06%
LYB	F	0.06%
ES	D	0.06%
K	A	0.06%
ZBH	C	0.06%
WY	D	0.06%
EXPE	B	0.06%
IFF	D	0.06%
WAT	B	0.06%
SBAC	D	0.06%
AVY	D	0.05%
KIM	A	0.05%
BAX	D	0.05%
ARE	D	0.05%
GPC	D	0.05%
MAS	D	0.05%
LVS	C	0.05%
PNR	A	0.05%
KEY	B	0.05%
IEX	B	0.05%
BBY	D	0.05%
TSN	B	0.05%
DGX	A	0.05%
FDS	B	0.05%
HOLX	D	0.05%
PFG	D	0.05%
ULTA	F	0.05%
BALL	D	0.05%
MKC	D	0.05%
JKHY	D	0.04%
ALB	C	0.04%
POOL	C	0.04%
CHRW	C	0.04%
SWK	D	0.04%
CAG	D	0.04%
AKAM	D	0.04%
UDR	B	0.04%
MRNA	F	0.04%
AMCR	D	0.04%
EL	F	0.04%
RVTY	F	0.04%
APTV	D	0.04%
JBHT	C	0.04%
DOC	D	0.04%
CF	B	0.04%
EG	C	0.04%
TFX	F	0.03%
MKTX	D	0.03%
LKQ	D	0.03%
NWSA	B	0.03%
CRL	C	0.03%
IPG	D	0.03%
AIZ	A	0.03%
TAP	C	0.03%
LW	C	0.03%
BXP	D	0.03%
SJM	D	0.03%
TPR	B	0.03%
NCLH	B	0.03%
REG	B	0.03%
KMX	B	0.03%
DAY	B	0.03%
HST	C	0.03%
WBA	F	0.02%
PARA	C	0.02%
BEN	C	0.02%
FMC	D	0.02%
DVA	B	0.02%
MHK	D	0.02%
BWA	D	0.02%
IVZ	B	0.02%
WYNN	D	0.02%
RL	B	0.02%
HAS	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
FRT	B	0.02%
CPB	D	0.02%
HRL	D	0.02%
NWS	B	0.01%

EFIV Underweight 69 Positions Relative to FBUF

Symbol	Grade	Weight
AMZN	C	-3.84%
META	D	-2.89%
BRK.A	B	-2.2%
AVGO	D	-1.62%
NFLX	A	-1.28%
PM	B	-0.94%
JNJ	D	-0.73%
LMT	D	-0.71%
PGR	A	-0.67%
SQ	B	-0.6%
NOC	D	-0.6%
SEIC	B	-0.54%
ZM	B	-0.53%
DBX	B	-0.52%
ZBRA	B	-0.52%
CVNA	B	-0.52%
NOW	A	-0.5%
TXT	D	-0.5%
EOG	A	-0.48%
IGT	F	-0.46%
SPG	B	-0.44%
GRMN	B	-0.44%
MSI	B	-0.43%
EXEL	B	-0.43%
PFE	D	-0.41%
TMO	F	-0.38%
HWM	A	-0.38%
NUE	C	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
F	C	-0.33%
LDOS	C	-0.31%
SKYW	B	-0.31%
RTX	C	-0.28%
MEDP	D	-0.28%
WFC	A	-0.28%
LHX	C	-0.21%
GAP	C	-0.21%
FTNT	C	-0.2%
MMM	D	-0.19%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
VST	B	-0.14%
CLX	B	-0.14%
GEN	B	-0.13%
INTU	C	-0.12%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-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%
ANET	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%