EQWL vs. FBUF ETF Comparison

Comparison of PowerShares Russell Top 200 Equal Weight Portfolio (EQWL) to Fidelity Dynamic Buffered Equity ETF (FBUF)

EQWL

PowerShares Russell Top 200 Equal Weight Portfolio

EQWL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell Top 200 Equal Weight Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the component securities that comprise the underlying index. The underlying index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the U.S. equity market.

Grade (RS Rating)

Last Trade

$106.55

Average Daily Volume

61,555

Number of Holdings ^*

101

* 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	EQWL	FBUF
30 Days	3.32%	3.10%
60 Days	4.89%	4.70%
90 Days	7.38%	6.08%
12 Months	31.93%

62 Overlapping Holdings

Symbol	Grade	Weight in EQWL	Weight in FBUF	Overlap
AAPL	C	0.97%	7.34%	0.97%
ABBV	D	0.83%	0.91%	0.83%
ABT	B	0.94%	0.63%	0.63%
ADBE	C	0.94%	0.94%	0.94%
AMGN	D	0.84%	0.25%	0.25%
AMT	D	0.77%	0.21%	0.21%
AMZN	C	1.08%	3.84%	1.08%
AVGO	D	0.97%	1.62%	0.97%
AXP	A	1.06%	0.43%	0.43%
BAC	A	1.13%	1.18%	1.13%
BK	A	1.07%	0.12%	0.12%
BMY	B	1.13%	0.74%	0.74%
BRK.A	B	0.99%	2.2%	0.99%
C	A	1.12%	0.72%	0.72%
CAT	B	1.06%	0.53%	0.53%
CL	D	0.82%	0.55%	0.55%
CMCSA	B	1.04%	0.84%	0.84%
COST	B	0.96%	0.3%	0.3%
CRM	B	1.24%	1.16%	1.16%
CSCO	B	1.1%	0.8%	0.8%
CVS	D	0.9%	0.23%	0.23%
CVX	A	1.09%	0.02%	0.02%
DIS	B	1.14%	0.65%	0.65%
F	C	0.98%	0.33%	0.33%
GE	D	0.95%	0.48%	0.48%
GILD	C	1.06%	0.74%	0.74%
GOOG	C	0.48%	1.89%	0.48%
GOOGL	C	0.58%	2.04%	0.58%
HD	A	1.02%	1.32%	1.02%
INTU	C	1.02%	0.12%	0.12%
JNJ	D	0.87%	0.73%	0.73%
JPM	A	1.12%	1.93%	1.12%
LLY	F	0.81%	0.76%	0.76%
LMT	D	0.9%	0.71%	0.71%
MA	C	1.0%	1.36%	1.0%
META	D	1.04%	2.89%	1.04%
MMM	D	0.94%	0.19%	0.19%
MRK	F	0.8%	0.96%	0.8%
MSFT	F	0.94%	5.66%	0.94%
NEE	D	0.84%	0.82%	0.82%
NFLX	A	1.14%	1.28%	1.14%
NVDA	C	1.17%	7.37%	1.17%
ORCL	B	1.09%	0.04%	0.04%
PEP	F	0.88%	0.19%	0.19%
PFE	D	0.84%	0.41%	0.41%
PG	A	0.91%	0.8%	0.8%
PM	B	0.97%	0.94%	0.94%
PYPL	B	1.17%	0.72%	0.72%
QCOM	F	0.93%	0.85%	0.85%
RTX	C	0.95%	0.28%	0.28%
SCHW	B	1.23%	0.79%	0.79%
SPG	B	1.03%	0.44%	0.44%
T	A	0.97%	0.71%	0.71%
TMO	F	0.83%	0.38%	0.38%
TMUS	B	1.12%	0.28%	0.28%
TSLA	B	1.29%	1.27%	1.27%
UNH	C	0.95%	0.57%	0.57%
UNP	C	0.9%	0.75%	0.75%
V	A	1.02%	0.65%	0.65%
WFC	A	1.31%	0.28%	0.28%
WMT	A	0.99%	0.82%	0.82%
XOM	B	1.03%	1.56%	1.03%

EQWL Overweight 39 Positions Relative to FBUF

Symbol	Grade	Weight
MS	A	1.28%
COF	B	1.25%
INTC	D	1.21%
EMR	A	1.2%
BKNG	A	1.2%
GM	B	1.18%
GS	A	1.17%
BLK	C	1.12%
CHTR	C	1.1%
USB	A	1.07%
HON	B	1.07%
MET	A	1.03%
COP	C	1.03%
LOW	D	1.0%
UPS	C	0.99%
MO	A	0.99%
TXN	C	0.98%
AIG	B	0.98%
ACN	C	0.98%
FDX	B	0.97%
MCD	D	0.96%
TGT	F	0.96%
DE	A	0.95%
SBUX	A	0.95%
IBM	C	0.93%
SO	D	0.92%
LIN	D	0.92%
MDT	D	0.91%
NKE	D	0.91%
GD	F	0.91%
DUK	C	0.89%
AMD	F	0.87%
VZ	C	0.87%
KHC	F	0.85%
BA	F	0.84%
DOW	F	0.84%
MDLZ	F	0.83%
KO	D	0.83%
DHR	F	0.83%

EQWL Underweight 93 Positions Relative to FBUF

Symbol	Grade	Weight
TJX	A	-0.72%
TT	A	-0.68%
PGR	A	-0.67%
AMAT	F	-0.67%
CTAS	B	-0.65%
ECL	D	-0.63%
CI	F	-0.63%
KLAC	D	-0.61%
SQ	B	-0.6%
NOC	D	-0.6%
BDX	F	-0.58%
SEIC	B	-0.54%
MMC	B	-0.53%
ZM	B	-0.53%
DBX	B	-0.52%
ZBRA	B	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
MU	D	-0.5%
NOW	A	-0.5%
TXT	D	-0.5%
CSX	B	-0.49%
EOG	A	-0.48%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
GRMN	B	-0.44%
MSI	B	-0.43%
EXEL	B	-0.43%
WM	A	-0.41%
HWM	A	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	C	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	F	-0.34%
INCY	C	-0.34%
LDOS	C	-0.31%
SKYW	B	-0.31%
CAH	B	-0.31%
MEDP	D	-0.28%
TROW	B	-0.28%
TRV	B	-0.26%
ADP	B	-0.26%
MSCI	C	-0.26%
UBER	D	-0.24%
SYK	C	-0.24%
LRCX	F	-0.24%
RSG	A	-0.23%
MGM	D	-0.23%
LHX	C	-0.21%
SPGI	C	-0.21%
GAP	C	-0.21%
BIIB	F	-0.21%
FTNT	C	-0.2%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
PSA	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
OXY	D	-0.15%
IDXX	F	-0.15%
VST	B	-0.14%
CLX	B	-0.14%
ITW	B	-0.14%
GL	B	-0.13%
GEN	B	-0.13%
KR	B	-0.12%
AON	A	-0.12%
NSC	B	-0.11%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
AME	A	-0.09%
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%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%