FBUF vs. HDUS ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Hartford Disciplined US Equity ETF (HDUS)

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

HDUS

Hartford Disciplined US Equity ETF

HDUS Description

Hartford Disciplined US Equity ETF is an exchange traded fund launched and managed by Lattice Strategies LLC. It is co-managed by Mellon Investments Corporation. It invests in public equity markets of the United States. The fund invests in the stocks of companies operating across diversified sectors. The fund invests in value and momentum stocks of large-cap companies. The fund seeks to track the performance of the Hartford Disciplined US Equity Index, by using full replication technique. Hartford Disciplined US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$58.46

Average Daily Volume

3,372

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	HDUS
30 Days	3.10%	3.75%
60 Days	4.70%	5.23%
90 Days	6.08%	7.06%
12 Months		31.94%

75 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in HDUS	Overlap
AAPL	C	7.34%	5.11%	5.11%
ABBV	D	0.91%	1.02%	0.91%
ABT	B	0.63%	0.52%	0.52%
ADBE	C	0.94%	0.13%	0.13%
AMAT	F	0.67%	0.36%	0.36%
AMGN	D	0.25%	0.2%	0.2%
AMZN	C	3.84%	3.39%	3.39%
AVGO	D	1.62%	1.26%	1.26%
AXP	A	0.43%	0.19%	0.19%
BAC	A	1.18%	0.07%	0.07%
BK	A	0.12%	0.61%	0.12%
BMY	B	0.74%	0.72%	0.72%
BRK.A	B	2.2%	0.46%	0.46%
C	A	0.72%	0.09%	0.09%
CACI	D	0.17%	0.04%	0.04%
CAT	B	0.53%	0.23%	0.23%
CINF	A	0.07%	0.01%	0.01%
CL	D	0.55%	0.67%	0.55%
CMG	B	0.47%	0.09%	0.09%
COST	B	0.3%	0.64%	0.3%
CRM	B	1.16%	0.35%	0.35%
CRUS	D	0.07%	0.02%	0.02%
CSCO	B	0.8%	0.31%	0.31%
CTAS	B	0.65%	0.63%	0.63%
CVX	A	0.02%	0.92%	0.02%
DASH	A	0.11%	0.09%	0.09%
DBX	B	0.52%	0.53%	0.52%
ECL	D	0.63%	0.11%	0.11%
EOG	A	0.48%	0.44%	0.44%
GE	D	0.48%	0.15%	0.15%
GILD	C	0.74%	0.48%	0.48%
GOOGL	C	2.04%	3.95%	2.04%
HD	A	1.32%	0.46%	0.46%
INTU	C	0.12%	0.24%	0.12%
JNJ	D	0.73%	1.51%	0.73%
JPM	A	1.93%	0.92%	0.92%
KLAC	D	0.61%	0.28%	0.28%
LLY	F	0.76%	0.89%	0.76%
LMT	D	0.71%	0.32%	0.32%
LRCX	F	0.24%	0.15%	0.15%
META	D	2.89%	1.85%	1.85%
MMC	B	0.53%	0.18%	0.18%
MMM	D	0.19%	0.16%	0.16%
MRK	F	0.96%	0.26%	0.26%
MSCI	C	0.26%	0.04%	0.04%
MSFT	F	5.66%	5.29%	5.29%
MSI	B	0.43%	0.16%	0.16%
NEE	D	0.82%	0.22%	0.22%
NFLX	A	1.28%	0.63%	0.63%
NOW	A	0.5%	0.18%	0.18%
NRG	B	0.09%	0.1%	0.09%
NVDA	C	7.37%	6.03%	6.03%
ORCL	B	0.04%	0.7%	0.04%
PEP	F	0.19%	1.14%	0.19%
PFE	D	0.41%	0.19%	0.19%
PGR	A	0.67%	0.32%	0.32%
PYPL	B	0.72%	0.02%	0.02%
QCOM	F	0.85%	0.47%	0.47%
RTX	C	0.28%	0.32%	0.28%
SPG	B	0.44%	0.33%	0.33%
SPGI	C	0.21%	0.27%	0.21%
SYK	C	0.24%	0.08%	0.08%
T	A	0.71%	0.54%	0.54%
TJX	A	0.72%	0.07%	0.07%
TMO	F	0.38%	0.15%	0.15%
TMUS	B	0.28%	0.25%	0.25%
TROW	B	0.28%	0.52%	0.28%
TRV	B	0.26%	0.28%	0.26%
TSLA	B	1.27%	1.5%	1.27%
TT	A	0.68%	0.14%	0.14%
UBER	D	0.24%	0.29%	0.24%
UNH	C	0.57%	0.8%	0.57%
WFC	A	0.28%	0.27%	0.27%
WMT	A	0.82%	0.71%	0.71%
XOM	B	1.56%	1.05%	1.05%

FBUF Overweight 80 Positions Relative to HDUS

Symbol	Grade	Weight
GOOG	C	1.89%
MA	C	1.36%
PM	B	0.94%
CMCSA	B	0.84%
PG	A	0.8%
SCHW	B	0.79%
UNP	C	0.75%
V	A	0.65%
DIS	B	0.65%
CI	F	0.63%
SQ	B	0.6%
NOC	D	0.6%
BDX	F	0.58%
SEIC	B	0.54%
ZM	B	0.53%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
MU	D	0.5%
TXT	D	0.5%
CSX	B	0.49%
IGT	F	0.46%
CME	A	0.44%
GRMN	B	0.44%
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%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
MEDP	D	0.28%
ADP	B	0.26%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
TPH	D	0.18%
SSNC	B	0.18%
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%
LPLA	A	0.11%
UNM	A	0.1%
ED	D	0.1%
AME	A	0.09%
TWLO	A	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
PLTK	B	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%

FBUF Underweight 188 Positions Relative to HDUS

Symbol	Grade	Weight
VZ	C	-1.24%
MO	A	-1.12%
TXN	C	-1.09%
CMI	A	-0.88%
LAMR	D	-0.77%
IBM	C	-0.73%
KNF	A	-0.69%
JHG	A	-0.68%
CBOE	B	-0.68%
KVUE	A	-0.64%
NTAP	C	-0.61%
EME	C	-0.59%
ALSN	B	-0.59%
YUM	B	-0.54%
CTSH	B	-0.52%
RHI	B	-0.5%
BKNG	A	-0.5%
GLPI	C	-0.5%
GDDY	A	-0.49%
EA	A	-0.49%
TXRH	C	-0.48%
STWD	C	-0.48%
KO	D	-0.46%
SHW	A	-0.45%
IRM	D	-0.45%
APH	A	-0.45%
RPM	A	-0.44%
CB	C	-0.43%
R	B	-0.42%
MCO	B	-0.41%
MS	A	-0.41%
AXS	A	-0.41%
MLI	C	-0.4%
MCK	B	-0.39%
ACN	C	-0.39%
PEG	A	-0.39%
MUSA	A	-0.38%
HRB	D	-0.37%
NXPI	D	-0.36%
ADC	B	-0.35%
BAH	F	-0.35%
RDN	C	-0.35%
VRTX	F	-0.34%
AGNC	D	-0.34%
KMI	A	-0.34%
WST	C	-0.33%
BSX	B	-0.33%
RL	B	-0.33%
DCI	B	-0.33%
FICO	B	-0.33%
STAG	F	-0.33%
OHI	C	-0.31%
CHRW	C	-0.3%
DGX	A	-0.3%
COP	C	-0.3%
CRBG	B	-0.29%
INGR	B	-0.29%
RMD	C	-0.29%
PLTR	B	-0.28%
AFL	B	-0.28%
MCD	D	-0.28%
FSS	B	-0.26%
EBAY	D	-0.26%
VRSK	A	-0.26%
BG	F	-0.26%
OMC	C	-0.26%
FDX	B	-0.25%
APP	B	-0.25%
FOXA	B	-0.25%
ETN	A	-0.24%
KMB	D	-0.24%
WMB	A	-0.23%
HSY	F	-0.23%
ESS	B	-0.23%
CHRD	D	-0.23%
NNN	D	-0.23%
ABNB	C	-0.22%
ALTR	B	-0.22%
GWRE	A	-0.22%
ALV	C	-0.22%
NYT	C	-0.22%
PRU	A	-0.22%
FANG	D	-0.22%
NWSA	B	-0.21%
PKG	A	-0.21%
MANH	D	-0.21%
CRWD	B	-0.21%
VLO	C	-0.21%
MDT	D	-0.21%
ORI	A	-0.2%
SO	D	-0.2%
LNG	B	-0.2%
NDAQ	A	-0.19%
LOW	D	-0.19%
HUBS	A	-0.18%
MPC	D	-0.18%
BJ	A	-0.17%
FLEX	A	-0.17%
PANW	C	-0.16%
CDNS	B	-0.16%
ACI	C	-0.16%
TSCO	D	-0.16%
ZTS	D	-0.15%
CSWI	A	-0.15%
STT	A	-0.15%
EIX	B	-0.15%
DY	D	-0.14%
AVB	B	-0.14%
GD	F	-0.14%
GLW	B	-0.13%
HPQ	B	-0.13%
BLK	C	-0.13%
GEHC	F	-0.13%
DDOG	A	-0.13%
TRGP	B	-0.13%
COKE	C	-0.12%
PNC	B	-0.12%
WSM	B	-0.12%
BR	A	-0.12%
DKS	C	-0.12%
DUK	C	-0.12%
CBT	C	-0.12%
GS	A	-0.11%
OC	A	-0.11%
MPWR	F	-0.11%
DRI	B	-0.11%
ESI	A	-0.1%
HCA	F	-0.09%
WTW	B	-0.09%
MTG	C	-0.09%
GPC	D	-0.09%
LII	A	-0.09%
VRNS	D	-0.09%
GNTX	C	-0.09%
CUBE	D	-0.08%
EQR	B	-0.08%
DHR	F	-0.08%
CROX	D	-0.08%
SBUX	A	-0.07%
COIN	C	-0.07%
HLNE	B	-0.07%
IT	C	-0.07%
DTE	C	-0.07%
AMD	F	-0.07%
NTNX	A	-0.07%
CPB	D	-0.07%
TER	D	-0.07%
OTIS	C	-0.06%
SNA	A	-0.06%
KKR	A	-0.06%
PAYX	C	-0.05%
ESTC	C	-0.05%
CHH	A	-0.05%
FLO	D	-0.05%
TFC	A	-0.05%
BBY	D	-0.05%
SWKS	F	-0.05%
SMAR	A	-0.04%
DTM	B	-0.04%
FNF	B	-0.04%
INSP	D	-0.04%
RBLX	C	-0.04%
ZS	C	-0.04%
JNPR	F	-0.04%
AYI	B	-0.04%
ODFL	B	-0.04%
SNPS	B	-0.04%
TPR	B	-0.03%
EVR	B	-0.03%
REGN	F	-0.03%
IBKR	A	-0.03%
MORN	B	-0.03%
CSL	C	-0.03%
JKHY	D	-0.03%
TGT	F	-0.03%
JBHT	C	-0.02%
DELL	C	-0.02%
ISRG	A	-0.02%
GM	B	-0.02%
NET	B	-0.02%
FR	C	-0.02%
OGE	B	-0.02%
TMDX	F	-0.01%
SNOW	C	-0.01%
OGN	D	-0.01%
LKQ	D	-0.01%
EGP	F	-0.01%
RYN	D	-0.01%