FBUF vs. IQSM ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM)

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

IQSM

IQ Candriam ESG U.S. Mid Cap Equity ETF

IQSM Description

IQ Candriam ESG U.S. Mid Cap Equity ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of mid-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index, by using full replication technique. IQ Candriam ESG U.S. Mid Cap Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.29

Average Daily Volume

13,747

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	IQSM
30 Days	3.10%	4.29%
60 Days	4.70%	5.32%
90 Days	6.08%	6.64%
12 Months		27.71%

13 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in IQSM	Overlap
ANF	C	0.35%	0.34%	0.34%
CRUS	D	0.07%	0.26%	0.07%
DOCU	A	0.09%	0.77%	0.09%
EXEL	B	0.43%	0.43%	0.43%
GAP	C	0.21%	0.21%	0.21%
GEN	B	0.13%	0.79%	0.13%
GL	B	0.13%	0.47%	0.13%
MEDP	D	0.28%	0.37%	0.28%
NBIX	C	0.06%	0.59%	0.06%
TOL	B	0.02%	0.76%	0.02%
TWLO	A	0.09%	0.76%	0.09%
UNM	A	0.1%	0.65%	0.1%
UTHR	C	0.04%	0.75%	0.04%

FBUF Overweight 142 Positions Relative to IQSM

Symbol	Grade	Weight
NVDA	C	7.37%
AAPL	C	7.34%
MSFT	F	5.66%
AMZN	C	3.84%
META	D	2.89%
BRK.A	B	2.2%
GOOGL	C	2.04%
JPM	A	1.93%
GOOG	C	1.89%
AVGO	D	1.62%
XOM	B	1.56%
MA	C	1.36%
HD	A	1.32%
NFLX	A	1.28%
TSLA	B	1.27%
BAC	A	1.18%
CRM	B	1.16%
MRK	F	0.96%
PM	B	0.94%
ADBE	C	0.94%
ABBV	D	0.91%
QCOM	F	0.85%
CMCSA	B	0.84%
WMT	A	0.82%
NEE	D	0.82%
CSCO	B	0.8%
PG	A	0.8%
SCHW	B	0.79%
LLY	F	0.76%
UNP	C	0.75%
BMY	B	0.74%
GILD	C	0.74%
JNJ	D	0.73%
PYPL	B	0.72%
TJX	A	0.72%
C	A	0.72%
T	A	0.71%
LMT	D	0.71%
TT	A	0.68%
PGR	A	0.67%
AMAT	F	0.67%
V	A	0.65%
CTAS	B	0.65%
DIS	B	0.65%
ECL	D	0.63%
CI	F	0.63%
ABT	B	0.63%
KLAC	D	0.61%
SQ	B	0.6%
NOC	D	0.6%
BDX	F	0.58%
UNH	C	0.57%
CL	D	0.55%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
CAT	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%
GE	D	0.48%
EOG	A	0.48%
CMG	B	0.47%
IGT	F	0.46%
CME	A	0.44%
SPG	B	0.44%
GRMN	B	0.44%
MSI	B	0.43%
AXP	A	0.43%
WM	A	0.41%
PFE	D	0.41%
TMO	F	0.38%
HWM	A	0.38%
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%
COST	B	0.3%
RTX	C	0.28%
TMUS	B	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%
UBER	D	0.24%
SYK	C	0.24%
LRCX	F	0.24%
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%
MMM	D	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%
OXY	D	0.15%
IDXX	F	0.15%
VST	B	0.14%
CLX	B	0.14%
ITW	B	0.14%
KR	B	0.12%
BK	A	0.12%
INTU	C	0.12%
AON	A	0.12%
NSC	B	0.11%
DASH	A	0.11%
LPLA	A	0.11%
ED	D	0.1%
AME	A	0.09%
NRG	B	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
QRVO	F	0.06%
ANET	C	0.06%
ORCL	B	0.04%
VEEV	C	0.04%
TNL	A	0.04%
CVX	A	0.02%
PEGA	A	0.02%

FBUF Underweight 201 Positions Relative to IQSM

Symbol	Grade	Weight
EME	C	-1.12%
PKG	A	-1.0%
YUMC	C	-0.86%
KEY	B	-0.85%
PNR	A	-0.84%
BURL	A	-0.84%
NTNX	A	-0.83%
RPM	A	-0.83%
MANH	D	-0.82%
MAS	D	-0.82%
OC	A	-0.81%
XPO	B	-0.81%
KIM	A	-0.78%
EQH	B	-0.75%
FIX	A	-0.74%
FLEX	A	-0.72%
USFD	A	-0.72%
GWRE	A	-0.72%
RGA	A	-0.72%
GGG	B	-0.71%
ACM	A	-0.7%
SAIA	B	-0.69%
EWBC	A	-0.69%
FFIV	B	-0.68%
DT	C	-0.68%
SFM	A	-0.68%
POOL	C	-0.66%
EPAM	C	-0.66%
UDR	B	-0.65%
RNR	C	-0.64%
TPR	B	-0.63%
CHRW	C	-0.62%
CPT	B	-0.61%
ELS	C	-0.61%
JLL	D	-0.6%
ITT	A	-0.6%
AMH	D	-0.6%
JKHY	D	-0.6%
REG	B	-0.59%
HST	C	-0.59%
KMX	B	-0.59%
JNPR	F	-0.58%
NVT	B	-0.58%
FTI	A	-0.58%
ALB	C	-0.57%
WPC	D	-0.57%
PAYC	B	-0.56%
RRX	B	-0.55%
SJM	D	-0.55%
DAY	B	-0.55%
BLD	D	-0.55%
BJ	A	-0.55%
Z	A	-0.55%
LW	C	-0.55%
AIZ	A	-0.54%
DKS	C	-0.54%
CG	A	-0.54%
NCLH	B	-0.54%
TECH	D	-0.54%
INSM	C	-0.54%
ATR	B	-0.54%
SF	B	-0.54%
NWSA	B	-0.53%
IPG	D	-0.53%
TTEK	F	-0.52%
CTLT	B	-0.51%
FND	C	-0.51%
CUBE	D	-0.51%
PRI	A	-0.5%
WTRG	B	-0.5%
CRL	C	-0.48%
EHC	B	-0.48%
LAD	A	-0.48%
AYI	B	-0.48%
OHI	C	-0.47%
ALLY	C	-0.47%
LKQ	D	-0.47%
INGR	B	-0.47%
MKTX	D	-0.47%
WAL	B	-0.47%
SRPT	D	-0.46%
ARMK	B	-0.46%
QGEN	D	-0.46%
WCC	B	-0.46%
PCVX	D	-0.46%
GLOB	B	-0.46%
DTM	B	-0.46%
EXAS	D	-0.45%
ORI	A	-0.45%
BRBR	A	-0.45%
FBIN	D	-0.45%
FN	D	-0.44%
DCI	B	-0.44%
ROKU	D	-0.44%
TFX	F	-0.43%
PCTY	B	-0.43%
REXR	F	-0.43%
AXTA	A	-0.43%
WMS	D	-0.42%
SNX	C	-0.42%
KNX	B	-0.42%
AOS	F	-0.42%
RVMD	C	-0.42%
RL	B	-0.41%
TTC	D	-0.41%
ITCI	C	-0.41%
PEN	B	-0.41%
BRX	A	-0.41%
GPK	C	-0.41%
MTZ	B	-0.41%
CHE	D	-0.4%
FRT	B	-0.4%
PLNT	A	-0.4%
MOS	F	-0.4%
DVA	B	-0.4%
X	C	-0.39%
HAS	D	-0.39%
HRB	D	-0.39%
VOYA	B	-0.39%
NYT	C	-0.39%
ONTO	D	-0.38%
WH	B	-0.37%
TREX	C	-0.37%
HSIC	B	-0.37%
RHI	B	-0.37%
ADC	B	-0.36%
JAZZ	B	-0.36%
ESTC	C	-0.36%
KEX	C	-0.36%
AA	B	-0.35%
OLED	D	-0.35%
RIVN	F	-0.35%
APG	B	-0.35%
G	B	-0.35%
MHK	D	-0.35%
RGEN	D	-0.35%
GNTX	C	-0.34%
WEX	D	-0.34%
GTLS	B	-0.34%
ALV	C	-0.34%
BPOP	B	-0.33%
BEN	C	-0.33%
H	B	-0.33%
CMC	B	-0.33%
FR	C	-0.33%
AGNC	D	-0.33%
RYAN	B	-0.33%
LSCC	D	-0.33%
CGNX	C	-0.33%
GXO	B	-0.33%
MKSI	C	-0.33%
DINO	D	-0.32%
AZEK	A	-0.32%
LSTR	D	-0.32%
PARA	C	-0.32%
FCN	D	-0.32%
HLNE	B	-0.32%
HALO	F	-0.32%
FAF	A	-0.31%
CFLT	B	-0.31%
DAR	C	-0.31%
STAG	F	-0.31%
MTN	C	-0.31%
AXS	A	-0.31%
ARW	D	-0.3%
WBA	F	-0.3%
ESI	A	-0.3%
NOV	C	-0.3%
MSA	D	-0.3%
LFUS	F	-0.29%
PVH	C	-0.28%
AGCO	D	-0.28%
SUM	B	-0.28%
STWD	C	-0.28%
CHX	C	-0.28%
WFRD	D	-0.28%
CROX	D	-0.28%
SIGI	C	-0.28%
ETSY	D	-0.28%
BPMC	C	-0.28%
VKTX	F	-0.27%
ALTR	B	-0.27%
WTS	B	-0.27%
CLF	F	-0.26%
LEA	D	-0.26%
PATH	C	-0.26%
POST	C	-0.25%
AM	A	-0.24%
TKR	D	-0.23%
FIVE	F	-0.23%
ST	F	-0.23%
IBP	D	-0.23%
DLB	B	-0.21%
AN	C	-0.21%
ACHC	F	-0.17%
ZG	A	-0.16%
COTY	F	-0.13%
CACC	D	-0.13%
NWS	B	-0.11%
LEVI	F	-0.08%
LCID	F	-0.08%