FBUF vs. ACWI ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to iShares MSCI ACWI Index Fund (ACWI)
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
ACWI

iShares MSCI ACWI Index Fund

ACWI Description The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.44

Average Daily Volume

1,917,440

Number of Holdings *

616

* may have additional holdings in another (foreign) market
Performance
Period FBUF ACWI
30 Days 3.10% 1.42%
60 Days 4.70% 1.89%
90 Days 6.08% 3.03%
12 Months 25.57%
134 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in ACWI Overlap
AAPL C 7.34% 4.24% 4.24%
ABBV D 0.91% 0.38% 0.38%
ABT B 0.63% 0.26% 0.26%
ADBE C 0.94% 0.28% 0.28%
ADP B 0.26% 0.15% 0.15%
ALLE D 0.38% 0.02% 0.02%
AMAT F 0.67% 0.18% 0.18%
AME A 0.09% 0.06% 0.06%
AMGN D 0.25% 0.19% 0.19%
AMT D 0.21% 0.12% 0.12%
AMZN C 3.84% 2.45% 2.45%
ANET C 0.06% 0.13% 0.06%
AON A 0.12% 0.1% 0.1%
AVGO D 1.62% 0.93% 0.93%
AXP A 0.43% 0.21% 0.21%
BAC A 1.18% 0.42% 0.42%
BBWI D 0.16% 0.01% 0.01%
BDX F 0.58% 0.08% 0.08%
BIIB F 0.21% 0.03% 0.03%
BK A 0.12% 0.07% 0.07%
BMY B 0.74% 0.15% 0.15%
BRK.A B 2.2% 0.79% 0.79%
C A 0.72% 0.17% 0.17%
CAH B 0.31% 0.04% 0.04%
CAT B 0.53% 0.24% 0.24%
CI F 0.63% 0.12% 0.12%
CINF A 0.07% 0.03% 0.03%
CL D 0.55% 0.09% 0.09%
CLX B 0.14% 0.03% 0.03%
CMCSA B 0.84% 0.21% 0.21%
CME A 0.44% 0.1% 0.1%
CMG B 0.47% 0.1% 0.1%
COST B 0.3% 0.53% 0.3%
CRM B 1.16% 0.4% 0.4%
CSCO B 0.8% 0.29% 0.29%
CSX B 0.49% 0.09% 0.09%
CTAS B 0.65% 0.1% 0.1%
CVS D 0.23% 0.09% 0.09%
CVX A 0.02% 0.36% 0.02%
DASH A 0.11% 0.07% 0.07%
DIS B 0.65% 0.26% 0.26%
DOCU A 0.09% 0.02% 0.02%
DVN F 0.52% 0.03% 0.03%
ECL D 0.63% 0.08% 0.08%
ED D 0.1% 0.04% 0.04%
EOG A 0.48% 0.1% 0.1%
F C 0.33% 0.05% 0.05%
FTNT C 0.2% 0.07% 0.07%
GE D 0.48% 0.25% 0.25%
GEN B 0.13% 0.02% 0.02%
GILD C 0.74% 0.14% 0.14%
GOOG C 1.89% 1.16% 1.16%
GOOGL C 2.04% 1.34% 1.34%
GRMN B 0.44% 0.04% 0.04%
HD A 1.32% 0.52% 0.52%
HWM A 0.38% 0.06% 0.06%
IDXX F 0.15% 0.04% 0.04%
INCY C 0.34% 0.01% 0.01%
INTU C 0.12% 0.23% 0.12%
ITW B 0.14% 0.1% 0.1%
JNJ D 0.73% 0.47% 0.47%
JPM A 1.93% 0.89% 0.89%
KLAC D 0.61% 0.11% 0.11%
KR B 0.12% 0.05% 0.05%
LDOS C 0.31% 0.03% 0.03%
LHX C 0.21% 0.06% 0.06%
LLY F 0.76% 0.75% 0.75%
LMT D 0.71% 0.15% 0.15%
LPLA A 0.11% 0.03% 0.03%
LRCX F 0.24% 0.12% 0.12%
MA C 1.36% 0.55% 0.55%
META D 2.89% 1.57% 1.57%
MGM D 0.23% 0.01% 0.01%
MMC B 0.53% 0.14% 0.14%
MMM D 0.19% 0.09% 0.09%
MRK F 0.96% 0.31% 0.31%
MSCI C 0.26% 0.06% 0.06%
MSFT F 5.66% 3.76% 3.76%
MSI B 0.43% 0.1% 0.1%
MU D 0.5% 0.14% 0.14%
NBIX C 0.06% 0.01% 0.01%
NEE D 0.82% 0.2% 0.2%
NFLX A 1.28% 0.48% 0.48%
NOC D 0.6% 0.09% 0.09%
NOW A 0.5% 0.27% 0.27%
NRG B 0.09% 0.03% 0.03%
NSC B 0.11% 0.07% 0.07%
NUE C 0.36% 0.04% 0.04%
NVDA C 7.37% 4.62% 4.62%
ORCL B 0.04% 0.4% 0.04%
OXY D 0.15% 0.04% 0.04%
PCAR B 0.37% 0.07% 0.07%
PEP F 0.19% 0.27% 0.19%
PFE D 0.41% 0.18% 0.18%
PG A 0.8% 0.51% 0.51%
PGR A 0.67% 0.19% 0.19%
PM B 0.94% 0.25% 0.25%
PPG F 0.34% 0.04% 0.04%
PSA D 0.17% 0.07% 0.07%
PYPL B 0.72% 0.11% 0.11%
QCOM F 0.85% 0.23% 0.23%
QRVO F 0.06% 0.01% 0.01%
RSG A 0.23% 0.06% 0.06%
RTX C 0.28% 0.2% 0.2%
SCHW B 0.79% 0.15% 0.15%
SEIC B 0.54% 0.01% 0.01%
SPG B 0.44% 0.08% 0.08%
SPGI C 0.21% 0.21% 0.21%
SQ B 0.6% 0.06% 0.06%
SSNC B 0.18% 0.02% 0.02%
SYK C 0.24% 0.17% 0.17%
T A 0.71% 0.21% 0.21%
TJX A 0.72% 0.17% 0.17%
TMO F 0.38% 0.25% 0.25%
TMUS B 0.28% 0.16% 0.16%
TROW B 0.28% 0.03% 0.03%
TRV B 0.26% 0.07% 0.07%
TSLA B 1.27% 1.27% 1.27%
TT A 0.68% 0.12% 0.12%
TWLO A 0.09% 0.02% 0.02%
TXT D 0.5% 0.02% 0.02%
UBER D 0.24% 0.17% 0.17%
UNH C 0.57% 0.68% 0.57%
UNP C 0.75% 0.18% 0.18%
UTHR C 0.04% 0.02% 0.02%
V A 0.65% 0.63% 0.63%
VEEV C 0.04% 0.04% 0.04%
VST B 0.14% 0.07% 0.07%
WFC A 0.28% 0.33% 0.28%
WM A 0.41% 0.11% 0.11%
WMT A 0.82% 0.49% 0.49%
XOM B 1.56% 0.68% 0.68%
ZBRA B 0.52% 0.02% 0.02%
ZM B 0.53% 0.02% 0.02%
FBUF Overweight 21 Positions Relative to ACWI
Symbol Grade Weight
DBX B 0.52%
CVNA B 0.52%
IGT F 0.46%
EXEL B 0.43%
ANF C 0.35%
TDC D 0.35%
ALRM C 0.34%
SKYW B 0.31%
MEDP D 0.28%
GAP C 0.21%
TPH D 0.18%
CACI D 0.17%
LNW D 0.16%
GL B 0.13%
UNM A 0.1%
LYFT C 0.08%
PLTK B 0.07%
CRUS D 0.07%
TNL A 0.04%
TOL B 0.02%
PEGA A 0.02%
FBUF Underweight 482 Positions Relative to ACWI
Symbol Grade Weight
KO D -0.33%
AMD F -0.29%
ACN C -0.28%
MCD D -0.27%
LIN D -0.27%
GS A -0.24%
ISRG A -0.24%
IBM C -0.24%
TXN C -0.23%
TM D -0.23%
BKNG A -0.22%
VZ C -0.22%
MS A -0.21%
BABA D -0.21%
DHR F -0.2%
ETN A -0.19%
LOW D -0.19%
HON B -0.19%
BLK C -0.19%
MUFG B -0.17%
BX A -0.17%
COP C -0.17%
BSX B -0.17%
PANW C -0.16%
FI A -0.16%
PLTR B -0.16%
VRTX F -0.15%
SONY B -0.15%
PLD D -0.14%
BA F -0.14%
ADI D -0.14%
CB C -0.14%
MDT D -0.14%
SBUX A -0.14%
INTC D -0.13%
DE A -0.13%
ELV F -0.12%
GEV B -0.12%
SO D -0.12%
KKR A -0.12%
UPS C -0.12%
MO A -0.12%
WELL A -0.11%
CDNS B -0.11%
APH A -0.11%
MDLZ F -0.11%
DUK C -0.11%
EQIX A -0.11%
MELI D -0.11%
HDB C -0.11%
NKE D -0.11%
PH A -0.11%
SMFG B -0.11%
ICE C -0.11%
SHW A -0.11%
MRVL B -0.1%
MCO B -0.1%
USB A -0.1%
ZTS D -0.1%
IBN C -0.1%
REGN F -0.1%
PNC B -0.1%
MCK B -0.1%
SNPS B -0.1%
CRWD B -0.1%
APO B -0.09%
HCA F -0.09%
MSTR C -0.09%
COF B -0.09%
FDX B -0.09%
MAR B -0.09%
CRH A -0.09%
TDG D -0.09%
TGT F -0.09%
ORLY B -0.09%
WMB A -0.09%
APD A -0.09%
EMR A -0.09%
CEG D -0.09%
CARR D -0.08%
SLB C -0.08%
ROP B -0.08%
AFL B -0.08%
DLR B -0.08%
SRE A -0.08%
COIN C -0.08%
FCX D -0.08%
TFC A -0.08%
GM B -0.08%
GD F -0.08%
AJG B -0.08%
HLT A -0.08%
OKE A -0.08%
ADSK A -0.08%
APP B -0.08%
LNG B -0.07%
ALL A -0.07%
AIG B -0.07%
MET A -0.07%
GWW B -0.07%
TTD B -0.07%
AZO C -0.07%
WDAY B -0.07%
URI B -0.07%
PSX C -0.07%
NXPI D -0.07%
FICO B -0.07%
JCI C -0.07%
AMP A -0.07%
MPC D -0.07%
ABNB C -0.07%
MFG B -0.07%
RCL A -0.07%
KMI A -0.07%
DFS B -0.06%
PEG A -0.06%
KMB D -0.06%
AXON A -0.06%
KVUE A -0.06%
PAYX C -0.06%
TEL B -0.06%
CCI D -0.06%
PRU A -0.06%
ROST C -0.06%
VLO C -0.06%
FLUT A -0.06%
FAST B -0.06%
PWR A -0.06%
D C -0.06%
DHI D -0.06%
CPRT A -0.06%
WCN A -0.06%
NEM D -0.06%
FIS C -0.06%
CMI A -0.06%
O D -0.06%
AEP D -0.06%
VRT B -0.06%
EXR D -0.05%
HPQ B -0.05%
VMC B -0.05%
MLM B -0.05%
CHTR C -0.05%
DDOG A -0.05%
MTB A -0.05%
SYY B -0.05%
KDP D -0.05%
HIG B -0.05%
ACGL D -0.05%
A D -0.05%
YUM B -0.05%
GLW B -0.05%
XEL A -0.05%
EXC C -0.05%
DELL C -0.05%
TEAM A -0.05%
STZ D -0.05%
SNOW C -0.05%
MNST C -0.05%
IT C -0.05%
CTSH B -0.05%
CTVA C -0.05%
HES B -0.05%
OTIS C -0.05%
VRSK A -0.05%
CBRE B -0.05%
HMC F -0.05%
FERG B -0.05%
TRGP B -0.05%
ODFL B -0.05%
EA A -0.05%
LEN D -0.05%
EW C -0.05%
PCG A -0.05%
COR B -0.05%
IR B -0.05%
BKR B -0.05%
PHM D -0.04%
BR A -0.04%
TPL A -0.04%
DOV A -0.04%
ON D -0.04%
MPWR F -0.04%
SW A -0.04%
CSGP D -0.04%
NET B -0.04%
NVR D -0.04%
ALNY D -0.04%
STT A -0.04%
GPN B -0.04%
XYL D -0.04%
TSCO D -0.04%
TTWO A -0.04%
DXCM D -0.04%
WEC A -0.04%
ANSS B -0.04%
EFX F -0.04%
CNC D -0.04%
FITB A -0.04%
DOW F -0.04%
ROK B -0.04%
ETR B -0.04%
EBAY D -0.04%
AVB B -0.04%
WTW B -0.04%
VICI C -0.04%
EIX B -0.04%
ARES A -0.04%
HUBS A -0.04%
HUM C -0.04%
RJF A -0.04%
TCOM B -0.04%
DD D -0.04%
FANG D -0.04%
IRM D -0.04%
WAB B -0.04%
MCHP D -0.04%
GIS D -0.04%
RMD C -0.04%
NDAQ A -0.04%
IQV D -0.04%
LULU C -0.04%
GEHC F -0.04%
STX D -0.03%
FDS B -0.03%
LH C -0.03%
OMC C -0.03%
DRI B -0.03%
PFG D -0.03%
COO D -0.03%
SNA A -0.03%
WAT B -0.03%
LII A -0.03%
CBOE B -0.03%
WDC D -0.03%
PKG A -0.03%
MDB C -0.03%
STE F -0.03%
NTRS A -0.03%
TDY B -0.03%
WY D -0.03%
LYB F -0.03%
ILMN D -0.03%
CNP B -0.03%
CSL C -0.03%
STLD B -0.03%
K A -0.03%
WBD C -0.03%
CFG B -0.03%
ES D -0.03%
LYV A -0.03%
ATO A -0.03%
WST C -0.03%
INVH D -0.03%
MKL A -0.03%
BLDR D -0.03%
PTC A -0.03%
ZBH C -0.03%
FE C -0.03%
IFF D -0.03%
FCNCA A -0.03%
EXPE B -0.03%
EME C -0.03%
BIDU F -0.03%
HUBB B -0.03%
CDW F -0.03%
RF A -0.03%
RBLX C -0.03%
SBAC D -0.03%
MTD D -0.03%
HSY F -0.03%
DTE C -0.03%
NTAP C -0.03%
TYL B -0.03%
FTV C -0.03%
PPL B -0.03%
CPAY A -0.03%
VLTO D -0.03%
CCL B -0.03%
EQR B -0.03%
VTR C -0.03%
EQT B -0.03%
BRO B -0.03%
KEYS A -0.03%
HAL C -0.03%
ADM D -0.03%
GDDY A -0.03%
DECK A -0.03%
HBAN A -0.03%
AWK D -0.03%
SYF B -0.03%
CHD B -0.03%
AEE A -0.03%
KHC F -0.03%
HPE B -0.03%
DKS C -0.02%
KMX B -0.02%
ALB C -0.02%
HST C -0.02%
UHS D -0.02%
MRNA F -0.02%
AIZ A -0.02%
ELS C -0.02%
OKTA C -0.02%
CPT B -0.02%
AMH D -0.02%
NDSN B -0.02%
REG B -0.02%
Z A -0.02%
BG F -0.02%
JKHY D -0.02%
CHRW C -0.02%
CAG D -0.02%
UDR B -0.02%
SWK D -0.02%
AKAM D -0.02%
WPC D -0.02%
AVTR F -0.02%
EPAM C -0.02%
SWKS F -0.02%
HEI B -0.02%
DT C -0.02%
DLTR F -0.02%
CHT D -0.02%
POOL C -0.02%
RVTY F -0.02%
LI F -0.02%
ROL B -0.02%
APTV D -0.02%
FFIV B -0.02%
EL F -0.02%
DOC D -0.02%
TOST B -0.02%
AMCR D -0.02%
SMCI F -0.02%
ACM A -0.02%
VTRS A -0.02%
GGG B -0.02%
EVRG A -0.02%
ENTG D -0.02%
JBHT C -0.02%
TER D -0.02%
JBL B -0.02%
DPZ C -0.02%
NI A -0.02%
TW A -0.02%
HEI B -0.02%
ALGN D -0.02%
GLPI C -0.02%
VRSN F -0.02%
LNT A -0.02%
BAX D -0.02%
EG C -0.02%
FWONK B -0.02%
UMC F -0.02%
J F -0.02%
CF B -0.02%
ULTA F -0.02%
MOH F -0.02%
PSTG D -0.02%
FNF B -0.02%
KIM A -0.02%
DG F -0.02%
MANH D -0.02%
SUI D -0.02%
AVY D -0.02%
KEY B -0.02%
MAS D -0.02%
LVS C -0.02%
GPC D -0.02%
EXPD D -0.02%
TSN B -0.02%
RPM A -0.02%
OC A -0.02%
ARE D -0.02%
BURL A -0.02%
YUMC C -0.02%
PINS D -0.02%
MRO B -0.02%
EQH B -0.02%
RS B -0.02%
TRMB B -0.02%
WSM B -0.02%
IP B -0.02%
IEX B -0.02%
L A -0.02%
MAA B -0.02%
DGX A -0.02%
HOOD B -0.02%
WSO A -0.02%
MKC D -0.02%
WRB A -0.02%
DKNG B -0.02%
BALL D -0.02%
NMR B -0.02%
BBY D -0.02%
BAH F -0.02%
PODD C -0.02%
FSLR F -0.02%
PNR A -0.02%
CMS C -0.02%
HOLX D -0.02%
TRU D -0.02%
ZS C -0.02%
CTRA B -0.02%
ESS B -0.02%
EXE B -0.02%
CELH F -0.01%
MBAVU D -0.01%
BILI D -0.01%
WLK D -0.01%
UHAL D -0.01%
LUV C -0.01%
PARA C -0.01%
WBA F -0.01%
H B -0.01%
DINO D -0.01%
FOX A -0.01%
AGCO D -0.01%
BEN C -0.01%
ACI C -0.01%
NIO F -0.01%
AZPN A -0.01%
XPEV C -0.01%
RIVN F -0.01%
BIO D -0.01%
MTCH D -0.01%
HII D -0.01%
CE F -0.01%
APA D -0.01%
MOS F -0.01%
BSY D -0.01%
TTC D -0.01%
TME D -0.01%
WIT A -0.01%
ENPH F -0.01%
HRL D -0.01%
FBIN D -0.01%
DVA B -0.01%
WTRG B -0.01%
CRL C -0.01%
CPB D -0.01%
RPRX D -0.01%
KNX B -0.01%
NLY C -0.01%
ROKU D -0.01%
TFX F -0.01%
WYNN D -0.01%
HSIC B -0.01%
BGNE D -0.01%
AOS F -0.01%
AES F -0.01%
DAL C -0.01%
CNH C -0.01%
SOLV C -0.01%
FOXA B -0.01%
CHRD D -0.01%
ALLY C -0.01%
LKQ D -0.01%
EXAS D -0.01%
TECH D -0.01%
DAY B -0.01%
LW C -0.01%
MKTX D -0.01%
IOT A -0.01%
PAYC B -0.01%
IPG D -0.01%
CTLT B -0.01%
AFG A -0.01%
ERIE D -0.01%
CCK C -0.01%
JNPR F -0.01%
SNAP C -0.01%
SJM D -0.01%
NWSA B -0.01%
EMN D -0.01%
TAP C -0.01%
BXP D -0.01%
CG A -0.01%
BMRN D -0.01%
OVV B -0.01%
MNSO F -0.0%
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