FBUF vs. ITAN ETF Comparison
Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Sparkline Intangible Value ETF (ITAN)
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
ITAN
Sparkline Intangible Value ETF
ITAN Description
The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.Grade (RS Rating)
Last Trade
$32.05
Average Daily Volume
1,878
Number of Holdings
*
151
* may have additional holdings in another (foreign) market
Performance
| Period | FBUF | ITAN |
|---|---|---|
| 30 Days | 3.10% | 5.34% |
| 60 Days | 4.70% | 7.33% |
| 90 Days | 6.08% | 9.71% |
| 12 Months | 31.35% |
43 Overlapping Holdings
| Symbol | Grade | Weight in FBUF | Weight in ITAN | Overlap | |
|---|---|---|---|---|---|
| AMZN | C | 3.84% | 4.86% | 3.84% | |
| ANF | C | 0.35% | 0.28% | 0.28% | |
| BDX | F | 0.58% | 0.7% | 0.58% | |
| BIIB | F | 0.21% | 0.42% | 0.21% | |
| BMY | B | 0.74% | 1.03% | 0.74% | |
| CACI | D | 0.17% | 0.41% | 0.17% | |
| CAH | B | 0.31% | 0.53% | 0.31% | |
| CMCSA | B | 0.84% | 1.06% | 0.84% | |
| CRM | B | 1.16% | 2.14% | 1.16% | |
| CSCO | B | 0.8% | 1.78% | 0.8% | |
| CVNA | B | 0.52% | 0.56% | 0.52% | |
| CVS | D | 0.23% | 0.9% | 0.23% | |
| DASH | A | 0.11% | 0.71% | 0.11% | |
| DBX | B | 0.52% | 0.37% | 0.37% | |
| DIS | B | 0.65% | 1.1% | 0.65% | |
| DOCU | A | 0.09% | 0.53% | 0.09% | |
| F | C | 0.33% | 0.82% | 0.33% | |
| GAP | C | 0.21% | 0.24% | 0.21% | |
| GILD | C | 0.74% | 0.92% | 0.74% | |
| GOOG | C | 1.89% | 2.09% | 1.89% | |
| GOOGL | C | 2.04% | 2.09% | 2.04% | |
| KR | B | 0.12% | 0.51% | 0.12% | |
| LDOS | C | 0.31% | 0.55% | 0.31% | |
| LHX | C | 0.21% | 0.74% | 0.21% | |
| LMT | D | 0.71% | 0.39% | 0.39% | |
| LYFT | C | 0.08% | 0.37% | 0.08% | |
| META | D | 2.89% | 2.87% | 2.87% | |
| MMM | D | 0.19% | 0.89% | 0.19% | |
| NOC | D | 0.6% | 0.91% | 0.6% | |
| ORCL | B | 0.04% | 2.31% | 0.04% | |
| PFE | D | 0.41% | 1.28% | 0.41% | |
| PYPL | B | 0.72% | 1.1% | 0.72% | |
| QCOM | F | 0.85% | 1.55% | 0.85% | |
| QRVO | F | 0.06% | 0.2% | 0.06% | |
| RTX | C | 0.28% | 1.23% | 0.28% | |
| SQ | B | 0.6% | 0.87% | 0.6% | |
| T | A | 0.71% | 1.55% | 0.71% | |
| TMUS | B | 0.28% | 1.42% | 0.28% | |
| TWLO | A | 0.09% | 0.49% | 0.09% | |
| TXT | D | 0.5% | 0.3% | 0.3% | |
| WFC | A | 0.28% | 1.51% | 0.28% | |
| ZBRA | B | 0.52% | 0.46% | 0.46% | |
| ZM | B | 0.53% | 0.54% | 0.53% |
FBUF Overweight 112 Positions Relative to ITAN
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | C | 7.37% | |
| AAPL | C | 7.34% | |
| MSFT | F | 5.66% | |
| BRK.A | B | 2.2% | |
| JPM | A | 1.93% | |
| 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% | |
| MRK | F | 0.96% | |
| PM | B | 0.94% | |
| ADBE | C | 0.94% | |
| ABBV | D | 0.91% | |
| WMT | A | 0.82% | |
| NEE | D | 0.82% | |
| PG | A | 0.8% | |
| SCHW | B | 0.79% | |
| LLY | F | 0.76% | |
| UNP | C | 0.75% | |
| JNJ | D | 0.73% | |
| TJX | A | 0.72% | |
| C | A | 0.72% | |
| TT | A | 0.68% | |
| PGR | A | 0.67% | |
| AMAT | F | 0.67% | |
| V | A | 0.65% | |
| CTAS | B | 0.65% | |
| ECL | D | 0.63% | |
| CI | F | 0.63% | |
| ABT | B | 0.63% | |
| KLAC | D | 0.61% | |
| UNH | C | 0.57% | |
| CL | D | 0.55% | |
| SEIC | B | 0.54% | |
| MMC | B | 0.53% | |
| CAT | B | 0.53% | |
| DVN | F | 0.52% | |
| MU | D | 0.5% | |
| NOW | A | 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% | |
| EXEL | B | 0.43% | |
| WM | A | 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% | |
| SKYW | B | 0.31% | |
| COST | B | 0.3% | |
| MEDP | D | 0.28% | |
| TROW | B | 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% | |
| RSG | A | 0.23% | |
| MGM | D | 0.23% | |
| AMT | D | 0.21% | |
| SPGI | C | 0.21% | |
| FTNT | C | 0.2% | |
| PEP | F | 0.19% | |
| 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% | |
| BK | A | 0.12% | |
| INTU | C | 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% | |
| NRG | B | 0.09% | |
| CINF | A | 0.07% | |
| PLTK | B | 0.07% | |
| CRUS | D | 0.07% | |
| NBIX | C | 0.06% | |
| ANET | C | 0.06% | |
| VEEV | C | 0.04% | |
| TNL | A | 0.04% | |
| UTHR | C | 0.04% | |
| TOL | B | 0.02% | |
| CVX | A | 0.02% | |
| PEGA | A | 0.02% |
FBUF Underweight 108 Positions Relative to ITAN
| Symbol | Grade | Weight | |
|---|---|---|---|
| IBM | C | -1.69% | |
| ACN | C | -1.6% | |
| VZ | C | -1.3% | |
| INTC | D | -1.26% | |
| HON | B | -1.21% | |
| MDT | D | -1.18% | |
| DELL | C | -1.11% | |
| COF | B | -1.09% | |
| TGT | F | -1.03% | |
| GM | B | -1.0% | |
| BA | F | -0.96% | |
| PANW | C | -0.89% | |
| FDX | B | -0.85% | |
| CMI | A | -0.84% | |
| CTSH | B | -0.8% | |
| HPQ | B | -0.72% | |
| CHTR | C | -0.72% | |
| ALL | A | -0.72% | |
| GD | F | -0.7% | |
| WDAY | B | -0.7% | |
| UAL | A | -0.7% | |
| JCI | C | -0.69% | |
| EBAY | D | -0.66% | |
| NXPI | D | -0.66% | |
| ADSK | A | -0.64% | |
| HPE | B | -0.63% | |
| DAL | C | -0.6% | |
| NTAP | C | -0.6% | |
| GLW | B | -0.59% | |
| EXPE | B | -0.58% | |
| CNC | D | -0.54% | |
| ILMN | D | -0.54% | |
| WBD | C | -0.53% | |
| EA | A | -0.53% | |
| PRU | A | -0.53% | |
| WDC | D | -0.53% | |
| HUM | C | -0.53% | |
| SNAP | C | -0.51% | |
| ZS | C | -0.51% | |
| NTNX | A | -0.49% | |
| VTRS | A | -0.49% | |
| BAH | F | -0.47% | |
| FFIV | B | -0.46% | |
| BBY | D | -0.46% | |
| IQV | D | -0.46% | |
| J | F | -0.45% | |
| ROK | B | -0.45% | |
| LH | C | -0.45% | |
| OKTA | C | -0.44% | |
| BAX | D | -0.44% | |
| DD | D | -0.44% | |
| DGX | A | -0.43% | |
| TRMB | B | -0.43% | |
| JNPR | F | -0.42% | |
| ACM | A | -0.42% | |
| CIEN | B | -0.41% | |
| PSTG | D | -0.39% | |
| ROKU | D | -0.39% | |
| AAL | B | -0.38% | |
| LUMN | C | -0.37% | |
| JLL | D | -0.37% | |
| JBL | B | -0.37% | |
| DVA | B | -0.36% | |
| IP | B | -0.34% | |
| EMN | D | -0.34% | |
| TRU | D | -0.34% | |
| TPR | B | -0.34% | |
| NWSA | B | -0.33% | |
| JAZZ | B | -0.32% | |
| SWKS | F | -0.32% | |
| AKAM | D | -0.32% | |
| ALLY | C | -0.32% | |
| TAP | C | -0.31% | |
| ELAN | D | -0.3% | |
| ACI | C | -0.3% | |
| SWK | D | -0.29% | |
| ETSY | D | -0.29% | |
| WBA | F | -0.29% | |
| G | B | -0.28% | |
| PARA | C | -0.28% | |
| RIVN | F | -0.27% | |
| BIO | D | -0.27% | |
| WHR | B | -0.27% | |
| HAS | D | -0.26% | |
| MASI | A | -0.26% | |
| BOX | B | -0.26% | |
| EXAS | D | -0.26% | |
| FAF | A | -0.25% | |
| W | F | -0.25% | |
| U | C | -0.25% | |
| PATH | C | -0.24% | |
| DOX | D | -0.24% | |
| ALK | C | -0.24% | |
| IVZ | B | -0.24% | |
| MAT | D | -0.24% | |
| UAA | C | -0.24% | |
| ARW | D | -0.23% | |
| FLS | B | -0.23% | |
| MTCH | D | -0.23% | |
| BWA | D | -0.22% | |
| NOV | C | -0.22% | |
| RHI | B | -0.22% | |
| HRB | D | -0.21% | |
| AGCO | D | -0.19% | |
| HOG | D | -0.19% | |
| M | D | -0.16% | |
| RUN | F | -0.14% | |
| XRAY | F | -0.13% |
FBUF: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Semiconductors
Aerospace & Defense
Apparel Stores
Banks - Global
Biotechnology
Capital Markets
Credit Services
Diversified Industrials
Software - Infrastructure
Telecom Services
Asset Management
Communication Equipment
Diagnostics & Research
Health Care Plans
Household & Personal Products
Insurance - Property & Casualty
Internet Content & Information
Oil & Gas E&P
ITAN: Top Represented Industries & Keywords
Industries:
Software - Application
Software - Infrastructure
Aerospace & Defense
Diagnostics & Research
Diversified Industrials
Specialty Retail
Communication Equipment
Information Technology Services
Internet Content & Information
Semiconductors
Telecom Services
Airlines
Drug Manufacturers - Major
Medical Instruments & Supplies
Auto Manufacturers
Business Services
Data Storage
Engineering & Construction
Health Care Plans
Leisure
Keywords:
S&P 500
Nasdaq 100
Computing
Cloud Computing
Telecommunications
Work From Home
Mobile Devices
Aerospace
Cloud Infrastructure
Medicine
Dow Jones Component
Software
Electronics
Software As A Service
Aviation
Biotechnology
Broadband
Information And Communications Technology
Operating System
Banking
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