FBUF vs. GSPY ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Gotham Enhanced 500 ETF (GSPY)

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

$27.51

Average Daily Volume

4,691

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

GSPY

Gotham Enhanced 500 ETF

GSPY Description

The investment seeks long-term capital appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities of issuers included in the S&P 500® Index. It is not a passive index fund, but instead utilizes an enhanced strategy implemented by the fund's investment sub-adviser to invest in the securities in the index and weight those securities based on the Sub-Adviser's assessment of value and each security's weight in the ndex.

Grade (RS Rating)

Last Trade

$32.63

Average Daily Volume

44,221

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	GSPY
30 Days	1.93%	1.59%
60 Days	4.39%	4.33%
90 Days	5.67%	5.92%
12 Months		30.49%

123 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in GSPY	Overlap
AAPL	C	7.34%	6.45%	6.45%
ABBV	F	0.91%	0.2%	0.2%
ABT	B	0.63%	0.38%	0.38%
ADBE	C	0.94%	0.15%	0.15%
ADP	A	0.26%	0.12%	0.12%
ALLE	C	0.38%	0.06%	0.06%
AMAT	F	0.67%	0.71%	0.67%
AME	A	0.09%	0.03%	0.03%
AMGN	F	0.25%	0.1%	0.1%
AMT	C	0.21%	0.06%	0.06%
AMZN	C	3.84%	4.81%	3.84%
ANET	C	0.06%	0.07%	0.06%
AON	A	0.12%	0.38%	0.12%
AVGO	D	1.62%	1.09%	1.09%
AXP	A	0.43%	0.44%	0.43%
BAC	A	1.18%	0.66%	0.66%
BBWI	C	0.16%	0.01%	0.01%
BDX	F	0.58%	0.04%	0.04%
BIIB	F	0.21%	0.11%	0.11%
BK	A	0.12%	0.11%	0.11%
BMY	B	0.74%	0.08%	0.08%
BRK.A	B	2.2%	1.88%	1.88%
C	A	0.72%	0.24%	0.24%
CAH	B	0.31%	0.02%	0.02%
CAT	B	0.53%	0.99%	0.53%
CI	D	0.63%	0.5%	0.5%
CINF	A	0.07%	0.11%	0.07%
CL	D	0.55%	0.35%	0.35%
CLX	A	0.14%	0.01%	0.01%
CMCSA	B	0.84%	0.31%	0.31%
CME	B	0.44%	0.09%	0.09%
CMG	B	0.47%	0.05%	0.05%
COST	A	0.3%	0.26%	0.26%
CRM	B	1.16%	0.21%	0.21%
CSCO	B	0.8%	0.7%	0.7%
CSX	C	0.49%	0.32%	0.32%
CTAS	B	0.65%	0.05%	0.05%
CVS	D	0.23%	0.32%	0.23%
CVX	A	0.02%	0.66%	0.02%
DIS	B	0.65%	0.61%	0.61%
DVN	F	0.52%	0.02%	0.02%
ECL	D	0.63%	0.04%	0.04%
ED	C	0.1%	0.02%	0.02%
EOG	A	0.48%	0.05%	0.05%
F	C	0.33%	0.03%	0.03%
FTNT	C	0.2%	0.04%	0.04%
GE	D	0.48%	1.01%	0.48%
GEN	B	0.13%	0.1%	0.1%
GILD	C	0.74%	0.61%	0.61%
GL	C	0.13%	0.01%	0.01%
GOOGL	C	2.04%	4.43%	2.04%
GRMN	B	0.44%	0.22%	0.22%
HD	B	1.32%	0.71%	0.71%
HWM	A	0.38%	0.03%	0.03%
IDXX	F	0.15%	0.02%	0.02%
INCY	C	0.34%	0.03%	0.03%
INTU	B	0.12%	0.12%	0.12%
ITW	B	0.14%	0.35%	0.14%
JNJ	C	0.73%	1.06%	0.73%
JPM	A	1.93%	1.44%	1.44%
KLAC	F	0.61%	0.4%	0.4%
KR	B	0.12%	0.22%	0.12%
LDOS	C	0.31%	0.13%	0.13%
LHX	C	0.21%	0.19%	0.19%
LLY	F	0.76%	0.45%	0.45%
LMT	D	0.71%	0.46%	0.46%
LRCX	F	0.24%	0.46%	0.24%
MA	B	1.36%	0.88%	0.88%
META	D	2.89%	3.27%	2.89%
MGM	D	0.23%	0.01%	0.01%
MMC	B	0.53%	0.51%	0.51%
MMM	D	0.19%	0.38%	0.19%
MRK	D	0.96%	1.11%	0.96%
MSCI	C	0.26%	0.03%	0.03%
MSFT	D	5.66%	7.1%	5.66%
MSI	B	0.43%	0.05%	0.05%
MU	D	0.5%	0.21%	0.21%
NEE	C	0.82%	0.1%	0.1%
NFLX	A	1.28%	0.23%	0.23%
NOC	D	0.6%	0.14%	0.14%
NOW	A	0.5%	0.12%	0.12%
NRG	B	0.09%	0.11%	0.09%
NSC	B	0.11%	0.04%	0.04%
NUE	C	0.36%	0.02%	0.02%
NVDA	B	7.37%	6.42%	6.42%
ORCL	A	0.04%	0.33%	0.04%
OXY	D	0.15%	0.03%	0.03%
PCAR	B	0.37%	0.04%	0.04%
PEP	F	0.19%	0.3%	0.19%
PFE	F	0.41%	0.1%	0.1%
PG	C	0.8%	0.43%	0.43%
PGR	A	0.67%	0.1%	0.1%
PM	B	0.94%	1.04%	0.94%
PPG	F	0.34%	0.13%	0.13%
PSA	C	0.17%	0.03%	0.03%
PYPL	B	0.72%	0.4%	0.4%
QCOM	F	0.85%	0.97%	0.85%
QRVO	F	0.06%	0.03%	0.03%
RSG	A	0.23%	0.04%	0.04%
RTX	D	0.28%	0.1%	0.1%
SCHW	B	0.79%	0.23%	0.23%
SPG	A	0.44%	0.04%	0.04%
SPGI	C	0.21%	0.1%	0.1%
SYK	B	0.24%	0.09%	0.09%
T	A	0.71%	0.47%	0.47%
TJX	A	0.72%	0.23%	0.23%
TMO	F	0.38%	0.13%	0.13%
TMUS	B	0.28%	1.28%	0.28%
TROW	B	0.28%	0.06%	0.06%
TRV	B	0.26%	0.25%	0.25%
TSLA	B	1.27%	1.02%	1.02%
TT	A	0.68%	0.43%	0.43%
TXT	D	0.5%	0.01%	0.01%
UBER	F	0.24%	0.09%	0.09%
UNH	B	0.57%	0.61%	0.57%
UNP	C	0.75%	0.32%	0.32%
V	A	0.65%	1.48%	0.65%
VST	A	0.14%	0.03%	0.03%
WFC	A	0.28%	0.46%	0.28%
WM	B	0.41%	0.06%	0.06%
WMT	A	0.82%	0.44%	0.44%
XOM	B	1.56%	0.89%	0.89%
ZBRA	B	0.52%	0.09%	0.09%

FBUF Overweight 32 Positions Relative to GSPY

Symbol	Grade	Weight
GOOG	C	1.89%
SQ	A	0.6%
SEIC	B	0.54%
ZM	C	0.53%
DBX	B	0.52%
CVNA	B	0.52%
IGT	F	0.46%
EXEL	B	0.43%
ANF	F	0.35%
TDC	D	0.35%
ALRM	C	0.34%
SKYW	C	0.31%
MEDP	D	0.28%
GAP	C	0.21%
TPH	D	0.18%
SSNC	B	0.18%
CACI	D	0.17%
LNW	F	0.16%
DASH	B	0.11%
LPLA	A	0.11%
UNM	A	0.1%
TWLO	A	0.09%
DOCU	B	0.09%
LYFT	C	0.08%
PLTK	B	0.07%
CRUS	D	0.07%
NBIX	C	0.06%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
PEGA	B	0.02%

FBUF Underweight 374 Positions Relative to GSPY

Symbol	Grade	Weight
LOW	C	-0.81%
BKNG	A	-0.77%
FI	A	-0.67%
VZ	C	-0.65%
HON	C	-0.55%
MO	A	-0.53%
ELV	F	-0.44%
DELL	B	-0.44%
HCA	F	-0.42%
GS	A	-0.41%
MS	A	-0.4%
ICE	C	-0.39%
GD	D	-0.38%
MDLZ	F	-0.36%
EMR	B	-0.35%
KO	D	-0.35%
DHR	F	-0.33%
NKE	F	-0.33%
TGT	F	-0.33%
BLK	B	-0.33%
FDX	B	-0.33%
MAR	A	-0.32%
CEG	C	-0.32%
GM	C	-0.32%
SLB	C	-0.29%
KKR	A	-0.28%
JCI	B	-0.27%
CMI	A	-0.27%
KMB	C	-0.25%
BX	A	-0.25%
ROST	D	-0.25%
DAL	B	-0.22%
LULU	C	-0.22%
COR	B	-0.22%
D	C	-0.22%
VLO	C	-0.21%
STZ	D	-0.21%
KHC	F	-0.21%
PRU	A	-0.21%
KDP	F	-0.21%
HPQ	B	-0.2%
BKR	A	-0.2%
MET	A	-0.19%
OTIS	C	-0.19%
YUM	D	-0.18%
WAB	B	-0.18%
CB	C	-0.17%
EBAY	D	-0.17%
SYY	D	-0.17%
LVS	B	-0.16%
HUM	C	-0.16%
DD	C	-0.16%
DOV	A	-0.15%
USB	A	-0.15%
ACN	B	-0.15%
PNC	B	-0.15%
LIN	C	-0.14%
MCD	D	-0.14%
AMD	F	-0.14%
CNC	D	-0.14%
NDAQ	A	-0.14%
CPAY	A	-0.14%
LYB	F	-0.13%
COF	C	-0.13%
HPE	B	-0.13%
HIG	B	-0.13%
NTAP	C	-0.13%
TFC	A	-0.12%
BLDR	D	-0.12%
TXN	C	-0.12%
IBM	C	-0.12%
HAL	C	-0.12%
BRO	B	-0.11%
CHTR	C	-0.11%
TSN	B	-0.11%
EXPE	B	-0.11%
OKE	A	-0.11%
ISRG	A	-0.11%
ROP	B	-0.11%
OMC	C	-0.11%
VRSN	C	-0.1%
SNA	A	-0.1%
BALL	F	-0.1%
AMP	A	-0.1%
FOXA	A	-0.1%
BBY	D	-0.1%
COP	C	-0.09%
LEN	D	-0.09%
BR	A	-0.09%
PLTR	B	-0.09%
IP	A	-0.09%
ETN	A	-0.09%
URI	C	-0.09%
CTSH	B	-0.08%
FFIV	B	-0.08%
VRTX	D	-0.08%
PANW	B	-0.08%
DG	F	-0.08%
DFS	B	-0.08%
MAS	D	-0.08%
PNR	A	-0.08%
J	D	-0.08%
EA	A	-0.08%
BSX	A	-0.08%
JBL	C	-0.08%
MOH	F	-0.08%
PCG	A	-0.08%
HOLX	D	-0.08%
L	A	-0.08%
ADI	D	-0.07%
VTRS	A	-0.07%
PLD	F	-0.07%
UHS	D	-0.07%
RL	C	-0.07%
DE	B	-0.07%
INTC	C	-0.07%
TAP	C	-0.07%
GWW	B	-0.07%
MDT	D	-0.07%
TPR	B	-0.07%
UPS	C	-0.07%
SBUX	A	-0.07%
AVY	F	-0.07%
EMN	C	-0.06%
ANSS	B	-0.06%
BA	F	-0.06%
DUK	C	-0.06%
GEV	B	-0.06%
PH	A	-0.06%
APH	A	-0.06%
APTV	F	-0.06%
TTWO	A	-0.06%
FITB	B	-0.06%
SWK	D	-0.06%
SO	C	-0.06%
DVA	C	-0.06%
BEN	C	-0.06%
SHW	B	-0.06%
MTB	A	-0.06%
EQIX	A	-0.05%
SW	A	-0.05%
SYF	B	-0.05%
SMCI	F	-0.05%
SNPS	B	-0.05%
MCK	A	-0.05%
MCO	B	-0.05%
REGN	F	-0.05%
CRWD	B	-0.05%
ZTS	D	-0.05%
STT	B	-0.05%
IPG	D	-0.05%
CDNS	B	-0.05%
AFL	B	-0.05%
WELL	A	-0.05%
LKQ	F	-0.05%
SOLV	D	-0.05%
ABNB	C	-0.05%
PSX	C	-0.04%
KMX	B	-0.04%
CPRT	B	-0.04%
NXPI	D	-0.04%
SRE	A	-0.04%
BWA	D	-0.04%
MTCH	D	-0.04%
MNST	C	-0.04%
CE	F	-0.04%
RCL	A	-0.04%
KMI	A	-0.04%
CFG	B	-0.04%
CZR	F	-0.04%
ORLY	B	-0.04%
WBA	F	-0.04%
FCX	F	-0.04%
HLT	A	-0.04%
NTRS	A	-0.04%
TDG	D	-0.04%
MHK	D	-0.04%
AJG	A	-0.04%
ADSK	A	-0.04%
CARR	C	-0.04%
WMB	A	-0.04%
APD	A	-0.04%
XEL	A	-0.03%
CTVA	C	-0.03%
EW	C	-0.03%
K	A	-0.03%
RJF	A	-0.03%
IR	B	-0.03%
HES	B	-0.03%
TRGP	A	-0.03%
PEG	A	-0.03%
PWR	A	-0.03%
NEM	D	-0.03%
CCI	C	-0.03%
KVUE	A	-0.03%
ODFL	C	-0.03%
FAST	B	-0.03%
PAYX	B	-0.03%
AEP	C	-0.03%
FICO	B	-0.03%
DHI	F	-0.03%
AIG	B	-0.03%
O	C	-0.03%
VLTO	C	-0.03%
FMC	D	-0.03%
FIS	C	-0.03%
ALL	A	-0.03%
MPC	D	-0.03%
KEY	B	-0.03%
WDC	D	-0.03%
AZO	C	-0.03%
DLR	B	-0.03%
FANG	C	-0.03%
FE	C	-0.02%
MPWR	F	-0.02%
ROL	B	-0.02%
AEE	A	-0.02%
PPL	A	-0.02%
DECK	A	-0.02%
TSCO	D	-0.02%
WBD	B	-0.02%
FTV	C	-0.02%
DTE	C	-0.02%
CHD	A	-0.02%
DXCM	C	-0.02%
VTR	B	-0.02%
PHM	D	-0.02%
ROK	C	-0.02%
UAL	A	-0.02%
AVB	B	-0.02%
EFX	F	-0.02%
ADM	D	-0.02%
EQR	C	-0.02%
ON	D	-0.02%
WEC	A	-0.02%
VICI	C	-0.02%
XYL	D	-0.02%
GPN	B	-0.02%
NVR	D	-0.02%
LYV	A	-0.02%
DOW	F	-0.02%
HBAN	A	-0.02%
IQV	F	-0.02%
IRM	C	-0.02%
RF	A	-0.02%
WTW	B	-0.02%
CSGP	D	-0.02%
CCL	A	-0.02%
EIX	B	-0.02%
ETR	B	-0.02%
GDDY	A	-0.02%
MLM	C	-0.02%
RMD	C	-0.02%
VMC	B	-0.02%
VRSK	A	-0.02%
MCHP	F	-0.02%
EXR	C	-0.02%
IT	C	-0.02%
MRO	B	-0.02%
HSY	F	-0.02%
GIS	D	-0.02%
AXON	A	-0.02%
A	D	-0.02%
ACGL	C	-0.02%
CBRE	B	-0.02%
GEHC	D	-0.02%
EXC	C	-0.02%
GLW	B	-0.02%
CTLT	C	-0.01%
FRT	B	-0.01%
MOS	F	-0.01%
HAS	D	-0.01%
LW	C	-0.01%
ALB	B	-0.01%
AIZ	A	-0.01%
AOS	F	-0.01%
AES	F	-0.01%
TECH	F	-0.01%
SJM	D	-0.01%
GNRC	C	-0.01%
CPT	B	-0.01%
AKAM	D	-0.01%
WYNN	C	-0.01%
DAY	B	-0.01%
BXP	C	-0.01%
JKHY	D	-0.01%
PAYC	B	-0.01%
BG	D	-0.01%
REG	A	-0.01%
HST	C	-0.01%
JNPR	D	-0.01%
CHRW	B	-0.01%
POOL	C	-0.01%
RVTY	F	-0.01%
NCLH	B	-0.01%
EG	C	-0.01%
CAG	F	-0.01%
CPB	D	-0.01%
NDSN	B	-0.01%
EXPD	C	-0.01%
DPZ	C	-0.01%
UDR	B	-0.01%
EPAM	B	-0.01%
DOC	C	-0.01%
DLTR	F	-0.01%
ALGN	D	-0.01%
PODD	C	-0.01%
TER	F	-0.01%
EVRG	A	-0.01%
IEX	C	-0.01%
AMCR	C	-0.01%
LNT	A	-0.01%
GPC	D	-0.01%
MRNA	F	-0.01%
SWKS	F	-0.01%
BAX	F	-0.01%
DGX	A	-0.01%
MAA	B	-0.01%
JBHT	C	-0.01%
FDS	B	-0.01%
HRL	D	-0.01%
CF	A	-0.01%
KIM	A	-0.01%
EQT	B	-0.01%
NI	A	-0.01%
ULTA	F	-0.01%
ESS	B	-0.01%
ARE	F	-0.01%
NWSA	A	-0.01%
FSLR	F	-0.01%
CBOE	C	-0.01%
STLD	B	-0.01%
LH	B	-0.01%
TRMB	B	-0.01%
ERIE	D	-0.01%
DRI	B	-0.01%
TDY	B	-0.01%
STE	D	-0.01%
PTC	B	-0.01%
CMS	C	-0.01%
WAT	C	-0.01%
ATO	A	-0.01%
CNP	A	-0.01%
MKC	C	-0.01%
ES	C	-0.01%
LUV	C	-0.01%
PFG	D	-0.01%
WST	C	-0.01%
CTRA	B	-0.01%
STX	C	-0.01%
INVH	D	-0.01%
AWK	C	-0.01%
PKG	A	-0.01%
TYL	B	-0.01%
SBAC	D	-0.01%
EL	F	-0.01%
HUBB	B	-0.01%
CDW	F	-0.01%
KEYS	A	-0.01%
MTD	F	-0.01%
WY	F	-0.01%
IVZ	B	-0.01%
ZBH	C	-0.01%
IFF	D	-0.01%
WRB	A	-0.01%
TFX	F	-0.0%
APA	D	-0.0%
ENPH	F	-0.0%
CRL	D	-0.0%
HII	F	-0.0%
MKTX	D	-0.0%
PNW	A	-0.0%
PARA	C	-0.0%
HSIC	C	-0.0%