FBUF vs. FBCG ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Fidelity Blue Chip Growth ETF (FBCG)

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

FBCG

Fidelity Blue Chip Growth ETF

FBCG Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.39

Average Daily Volume

430,677

Number of Holdings ^*

206

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	FBCG
30 Days	3.10%	4.37%
60 Days	4.70%	7.36%
90 Days	6.08%	7.64%
12 Months		43.27%

53 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in FBCG	Overlap
AAPL	C	7.34%	11.67%	7.34%
ADBE	C	0.94%	0.0%	0.0%
AMAT	F	0.67%	0.05%	0.05%
AMZN	C	3.84%	8.54%	3.84%
ANET	C	0.06%	0.11%	0.06%
ANF	C	0.35%	0.4%	0.35%
AVGO	D	1.62%	0.82%	0.82%
AXP	A	0.43%	0.37%	0.37%
BRK.A	B	2.2%	0.04%	0.04%
C	A	0.72%	0.18%	0.18%
CMG	B	0.47%	0.48%	0.47%
COST	B	0.3%	0.08%	0.08%
CVNA	B	0.52%	0.7%	0.52%
EOG	A	0.48%	0.2%	0.2%
GAP	C	0.21%	0.0%	0.0%
GE	D	0.48%	0.26%	0.26%
GOOGL	C	2.04%	6.31%	2.04%
GRMN	B	0.44%	0.04%	0.04%
HD	A	1.32%	0.09%	0.09%
HWM	A	0.38%	0.2%	0.2%
INTU	C	0.12%	0.23%	0.12%
LLY	F	0.76%	3.11%	0.76%
LRCX	F	0.24%	0.11%	0.11%
LYFT	C	0.08%	0.42%	0.08%
MA	C	1.36%	1.1%	1.1%
META	D	2.89%	5.72%	2.89%
MMM	D	0.19%	0.03%	0.03%
MRK	F	0.96%	0.21%	0.21%
MSFT	F	5.66%	8.36%	5.66%
MU	D	0.5%	0.05%	0.05%
NFLX	A	1.28%	2.4%	1.28%
NOW	A	0.5%	0.39%	0.39%
NVDA	C	7.37%	13.34%	7.37%
ORCL	B	0.04%	0.24%	0.04%
OXY	D	0.15%	0.0%	0.0%
PG	A	0.8%	0.13%	0.13%
PGR	A	0.67%	0.26%	0.26%
PM	B	0.94%	0.11%	0.11%
QCOM	F	0.85%	0.15%	0.15%
SQ	B	0.6%	0.26%	0.26%
SYK	C	0.24%	0.2%	0.2%
TJX	A	0.72%	0.54%	0.54%
TMO	F	0.38%	0.1%	0.1%
TMUS	B	0.28%	0.09%	0.09%
TOL	B	0.02%	0.03%	0.02%
TSLA	B	1.27%	1.03%	1.03%
TT	A	0.68%	0.03%	0.03%
UBER	D	0.24%	1.19%	0.24%
UNH	C	0.57%	1.16%	0.57%
V	A	0.65%	0.24%	0.24%
WMT	A	0.82%	0.41%	0.41%
XOM	B	1.56%	0.0%	0.0%
ZM	B	0.53%	0.13%	0.13%

FBUF Overweight 102 Positions Relative to FBCG

Symbol	Grade	Weight
JPM	A	1.93%
GOOG	C	1.89%
BAC	A	1.18%
CRM	B	1.16%
ABBV	D	0.91%
CMCSA	B	0.84%
NEE	D	0.82%
CSCO	B	0.8%
SCHW	B	0.79%
UNP	C	0.75%
BMY	B	0.74%
GILD	C	0.74%
JNJ	D	0.73%
PYPL	B	0.72%
T	A	0.71%
LMT	D	0.71%
CTAS	B	0.65%
DIS	B	0.65%
ECL	D	0.63%
CI	F	0.63%
ABT	B	0.63%
KLAC	D	0.61%
NOC	D	0.6%
BDX	F	0.58%
CL	D	0.55%
SEIC	B	0.54%
MMC	B	0.53%
CAT	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
DVN	F	0.52%
TXT	D	0.5%
CSX	B	0.49%
IGT	F	0.46%
CME	A	0.44%
SPG	B	0.44%
MSI	B	0.43%
EXEL	B	0.43%
WM	A	0.41%
PFE	D	0.41%
ALLE	D	0.38%
PCAR	B	0.37%
NUE	C	0.36%
TDC	D	0.35%
ALRM	C	0.34%
PPG	F	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
RTX	C	0.28%
MEDP	D	0.28%
TROW	B	0.28%
WFC	A	0.28%
TRV	B	0.26%
ADP	B	0.26%
MSCI	C	0.26%
AMGN	D	0.25%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
SPGI	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
PEP	F	0.19%
TPH	D	0.18%
SSNC	B	0.18%
CACI	D	0.17%
PSA	D	0.17%
LNW	D	0.16%
BBWI	D	0.16%
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%
BK	A	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%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
CVX	A	0.02%
PEGA	A	0.02%

FBUF Underweight 153 Positions Relative to FBCG

Symbol	Grade	Weight
NXPI	D	-1.49%
SNAP	C	-1.47%
MRVL	B	-1.35%
LOW	D	-1.07%
TSM	B	-0.85%
REGN	F	-0.81%
BSX	B	-0.8%
ON	D	-0.54%
DECK	A	-0.54%
APP	B	-0.51%
MPWR	F	-0.49%
SBUX	A	-0.49%
ZTS	D	-0.47%
LULU	C	-0.46%
ABNB	C	-0.45%
AMD	F	-0.42%
BA	F	-0.41%
NKE	D	-0.4%
NVO	D	-0.38%
GFS	C	-0.37%
ISRG	A	-0.36%
RH	B	-0.35%
SN	D	-0.35%
DHR	F	-0.32%
OKTA	C	-0.32%
COIN	C	-0.31%
TER	D	-0.3%
CROX	D	-0.28%
PDD	F	-0.28%
AEO	F	-0.27%
WELL	A	-0.27%
DKS	C	-0.26%
GS	A	-0.25%
HUBS	A	-0.24%
CRS	A	-0.23%
FANG	D	-0.22%
ASML	F	-0.21%
WDC	D	-0.2%
DKNG	B	-0.2%
SGBX	F	-0.2%
THC	D	-0.18%
RIVN	F	-0.18%
SHOP	B	-0.17%
GLW	B	-0.14%
DELL	C	-0.13%
FLUT	A	-0.13%
DHI	D	-0.13%
ALNY	D	-0.12%
ETN	A	-0.12%
MCD	D	-0.12%
GEV	B	-0.12%
PENN	C	-0.12%
RDDT	B	-0.12%
TEVA	D	-0.12%
MS	A	-0.12%
WRBY	B	-0.12%
DDOG	A	-0.12%
OWL	A	-0.12%
MDB	C	-0.11%
KKR	A	-0.11%
SNOW	C	-0.11%
FIVE	F	-0.1%
PHM	D	-0.1%
MCO	B	-0.1%
APH	A	-0.09%
PODD	C	-0.09%
OLLI	D	-0.09%
Z	A	-0.09%
APO	B	-0.09%
BLDR	D	-0.09%
SHW	A	-0.09%
TGT	F	-0.08%
ATI	D	-0.08%
SPOT	B	-0.08%
MRNA	F	-0.07%
VSCO	B	-0.07%
EXP	A	-0.07%
DUOL	A	-0.07%
FSLR	F	-0.07%
PLNT	A	-0.06%
MLM	B	-0.06%
ENPH	F	-0.06%
AYI	B	-0.06%
KVUE	A	-0.06%
VMC	B	-0.06%
CHRW	C	-0.06%
CIEN	B	-0.06%
VFC	C	-0.06%
FBIN	D	-0.06%
SAP	B	-0.06%
JEF	A	-0.06%
TOST	B	-0.06%
SNPS	B	-0.06%
EXAS	D	-0.05%
LEGN	F	-0.05%
LIN	D	-0.05%
ALGM	D	-0.05%
AXON	A	-0.05%
TDG	D	-0.05%
DAL	C	-0.05%
WSM	B	-0.05%
EME	C	-0.05%
UAL	A	-0.05%
SPR	D	-0.05%
RL	B	-0.04%
GKOS	B	-0.04%
PI	D	-0.04%
HDB	C	-0.04%
BKNG	A	-0.04%
COHR	B	-0.04%
PVH	C	-0.04%
TKO	B	-0.04%
MASI	A	-0.03%
LEVI	F	-0.03%
LNG	B	-0.03%
WSO	A	-0.03%
MMYT	B	-0.03%
CHWY	B	-0.03%
USB	A	-0.03%
FDX	B	-0.03%
CCL	B	-0.03%
MTB	A	-0.03%
CAR	C	-0.03%
CCK	C	-0.03%
ROKU	D	-0.03%
IP	B	-0.03%
FLR	B	-0.03%
TTWO	A	-0.03%
WING	D	-0.03%
EAT	A	-0.03%
EL	F	-0.03%
ONON	A	-0.03%
RCL	A	-0.03%
SW	A	-0.03%
TTD	B	-0.03%
AZEK	A	-0.03%
NTRA	B	-0.03%
ACVA	B	-0.03%
ELF	C	-0.02%
FL	F	-0.02%
W	F	-0.02%
ASND	D	-0.01%
KEY	B	-0.0%
HLT	A	-0.0%
TPR	B	-0.0%
TMDX	F	-0.0%
MCK	B	-0.0%
GM	B	-0.0%
CELH	F	-0.0%
PINS	D	-0.0%
CZR	F	-0.0%
MAR	B	-0.0%
SE	B	-0.0%