FBUF vs. IUS ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco Strategic US ETF (IUS)

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

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.77

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	IUS
30 Days	3.10%	3.50%
60 Days	4.70%	3.79%
90 Days	6.08%	5.45%
12 Months		27.21%

116 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in IUS	Overlap
AAPL	C	7.34%	4.81%	4.81%
ABBV	D	0.91%	0.63%	0.63%
ABT	B	0.63%	0.38%	0.38%
ADBE	C	0.94%	0.27%	0.27%
ADP	B	0.26%	0.17%	0.17%
AMAT	F	0.67%	0.2%	0.2%
AME	A	0.09%	0.06%	0.06%
AMGN	D	0.25%	0.23%	0.23%
AMZN	C	3.84%	2.07%	2.07%
ANET	C	0.06%	0.04%	0.04%
AON	A	0.12%	0.16%	0.12%
AVGO	D	1.62%	0.73%	0.73%
AXP	A	0.43%	0.53%	0.43%
BDX	F	0.58%	0.15%	0.15%
BIIB	F	0.21%	0.05%	0.05%
BMY	B	0.74%	0.64%	0.64%
BRK.A	B	2.2%	2.95%	2.2%
CACI	D	0.17%	0.03%	0.03%
CAH	B	0.31%	0.48%	0.31%
CAT	B	0.53%	0.45%	0.45%
CI	F	0.63%	0.64%	0.63%
CINF	A	0.07%	0.1%	0.07%
CL	D	0.55%	0.12%	0.12%
CLX	B	0.14%	0.04%	0.04%
CMCSA	B	0.84%	1.13%	0.84%
CMG	B	0.47%	0.05%	0.05%
COST	B	0.3%	0.74%	0.3%
CRM	B	1.16%	0.52%	0.52%
CSCO	B	0.8%	0.74%	0.74%
CSX	B	0.49%	0.21%	0.21%
CTAS	B	0.65%	0.07%	0.07%
CVS	D	0.23%	1.02%	0.23%
CVX	A	0.02%	1.68%	0.02%
DASH	A	0.11%	0.07%	0.07%
DIS	B	0.65%	0.57%	0.57%
DVN	F	0.52%	0.12%	0.12%
ECL	D	0.63%	0.08%	0.08%
ED	D	0.1%	0.14%	0.1%
EOG	A	0.48%	0.35%	0.35%
F	C	0.33%	0.54%	0.33%
FTNT	C	0.2%	0.07%	0.07%
GAP	C	0.21%	0.03%	0.03%
GE	D	0.48%	0.41%	0.41%
GEN	B	0.13%	0.04%	0.04%
GILD	C	0.74%	0.38%	0.38%
GOOGL	C	2.04%	3.66%	2.04%
GRMN	B	0.44%	0.05%	0.05%
HD	A	1.32%	0.89%	0.89%
HWM	A	0.38%	0.05%	0.05%
INTU	C	0.12%	0.19%	0.12%
ITW	B	0.14%	0.14%	0.14%
JNJ	D	0.73%	0.9%	0.73%
KLAC	D	0.61%	0.1%	0.1%
KR	B	0.12%	0.36%	0.12%
LDOS	C	0.31%	0.06%	0.06%
LHX	C	0.21%	0.15%	0.15%
LLY	F	0.76%	0.22%	0.22%
LMT	D	0.71%	0.47%	0.47%
LPLA	A	0.11%	0.06%	0.06%
LRCX	F	0.24%	0.13%	0.13%
MA	C	1.36%	0.45%	0.45%
META	D	2.89%	2.2%	2.2%
MGM	D	0.23%	0.07%	0.07%
MMC	B	0.53%	0.17%	0.17%
MMM	D	0.19%	0.27%	0.19%
MRK	F	0.96%	0.39%	0.39%
MSCI	C	0.26%	0.04%	0.04%
MSFT	F	5.66%	2.68%	2.68%
MSI	B	0.43%	0.08%	0.08%
MU	D	0.5%	0.17%	0.17%
NFLX	A	1.28%	0.35%	0.35%
NOC	D	0.6%	0.21%	0.21%
NOW	A	0.5%	0.1%	0.1%
NRG	B	0.09%	0.07%	0.07%
NSC	B	0.11%	0.16%	0.11%
NUE	C	0.36%	0.21%	0.21%
NVDA	C	7.37%	0.97%	0.97%
ORCL	B	0.04%	0.35%	0.04%
OXY	D	0.15%	0.28%	0.15%
PCAR	B	0.37%	0.17%	0.17%
PEP	F	0.19%	0.41%	0.19%
PFE	D	0.41%	0.61%	0.41%
PG	A	0.8%	0.75%	0.75%
PGR	A	0.67%	0.3%	0.3%
PM	B	0.94%	0.37%	0.37%
PPG	F	0.34%	0.07%	0.07%
PSA	D	0.17%	0.13%	0.13%
PYPL	B	0.72%	0.33%	0.33%
QCOM	F	0.85%	0.29%	0.29%
QRVO	F	0.06%	0.02%	0.02%
RSG	A	0.23%	0.08%	0.08%
RTX	C	0.28%	0.65%	0.28%
SQ	B	0.6%	0.1%	0.1%
SSNC	B	0.18%	0.05%	0.05%
SYK	C	0.24%	0.15%	0.15%
T	A	0.71%	1.36%	0.71%
TJX	A	0.72%	0.28%	0.28%
TMO	F	0.38%	0.31%	0.31%
TMUS	B	0.28%	0.4%	0.28%
TOL	B	0.02%	0.07%	0.02%
TROW	B	0.28%	0.08%	0.08%
TRV	B	0.26%	0.28%	0.26%
TSLA	B	1.27%	0.7%	0.7%
TT	A	0.68%	0.12%	0.12%
TWLO	A	0.09%	0.07%	0.07%
TXT	D	0.5%	0.07%	0.07%
UBER	D	0.24%	0.11%	0.11%
UNH	C	0.57%	1.58%	0.57%
UNP	C	0.75%	0.25%	0.25%
UTHR	C	0.04%	0.04%	0.04%
V	A	0.65%	0.74%	0.65%
VST	B	0.14%	0.18%	0.14%
WM	A	0.41%	0.16%	0.16%
WMT	A	0.82%	1.3%	0.82%
XOM	B	1.56%	2.41%	1.56%
ZM	B	0.53%	0.05%	0.05%

FBUF Overweight 39 Positions Relative to IUS

Symbol	Grade	Weight
JPM	A	1.93%
GOOG	C	1.89%
BAC	A	1.18%
NEE	D	0.82%
SCHW	B	0.79%
C	A	0.72%
SEIC	B	0.54%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
IGT	F	0.46%
CME	A	0.44%
SPG	B	0.44%
EXEL	B	0.43%
ALLE	D	0.38%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
INCY	C	0.34%
SKYW	B	0.31%
MEDP	D	0.28%
WFC	A	0.28%
AMT	D	0.21%
SPGI	C	0.21%
TPH	D	0.18%
LNW	D	0.16%
BBWI	D	0.16%
IDXX	F	0.15%
GL	B	0.13%
BK	A	0.12%
UNM	A	0.1%
DOCU	A	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%
PEGA	A	0.02%

FBUF Underweight 429 Positions Relative to IUS

Symbol	Grade	Weight
VZ	C	-1.14%
GM	B	-0.96%
COP	C	-0.68%
MPC	D	-0.65%
MCK	B	-0.63%
IBM	C	-0.54%
ACN	C	-0.48%
LOW	D	-0.47%
VLO	C	-0.47%
PSX	C	-0.46%
COR	B	-0.45%
UPS	C	-0.43%
CB	C	-0.43%
KO	D	-0.43%
INTC	D	-0.42%
LUMN	C	-0.42%
BKNG	A	-0.41%
ELV	F	-0.39%
LIN	D	-0.39%
DE	A	-0.38%
FDX	B	-0.37%
FI	A	-0.36%
MDT	D	-0.34%
CHTR	C	-0.34%
MO	A	-0.34%
CNC	D	-0.32%
HON	B	-0.31%
MCD	D	-0.29%
ADM	D	-0.28%
KMI	A	-0.28%
WBD	C	-0.28%
HUM	C	-0.26%
ALL	A	-0.26%
BX	A	-0.26%
TXN	C	-0.26%
TGT	F	-0.25%
LNG	B	-0.25%
NKE	D	-0.25%
KHC	F	-0.22%
HCA	F	-0.22%
MDLZ	F	-0.22%
DELL	C	-0.22%
HPE	B	-0.21%
SBUX	A	-0.21%
DHR	F	-0.21%
AMD	F	-0.2%
LEN	D	-0.2%
GD	F	-0.19%
SLB	C	-0.18%
XEL	A	-0.18%
BKR	B	-0.18%
HPQ	B	-0.18%
HIG	B	-0.18%
SYY	B	-0.18%
TSN	B	-0.18%
OKE	A	-0.18%
DOW	F	-0.18%
JCI	C	-0.17%
DHI	D	-0.17%
EXC	C	-0.17%
FANG	D	-0.16%
CMI	A	-0.16%
MAR	B	-0.16%
ETN	A	-0.16%
VTRS	A	-0.15%
APD	A	-0.15%
EMR	A	-0.15%
FOXA	B	-0.15%
CTVA	C	-0.14%
URI	B	-0.14%
IP	B	-0.14%
CTSH	B	-0.14%
CBRE	B	-0.14%
PH	A	-0.14%
MRO	B	-0.14%
REGN	F	-0.14%
DD	D	-0.14%
TRGP	B	-0.14%
EXPE	B	-0.14%
CTRA	B	-0.13%
GLW	B	-0.13%
ISRG	A	-0.13%
ABNB	C	-0.13%
LYB	F	-0.13%
BG	F	-0.13%
STLD	B	-0.13%
GIS	D	-0.13%
SHW	A	-0.13%
ORLY	B	-0.13%
NEM	D	-0.13%
AZO	C	-0.13%
BBY	D	-0.13%
UNFI	A	-0.12%
BSX	B	-0.12%
SNEX	B	-0.12%
PFGC	B	-0.12%
CCL	B	-0.12%
BLDR	D	-0.12%
ACI	C	-0.12%
EBAY	D	-0.12%
WBA	F	-0.12%
FCX	D	-0.12%
KMB	D	-0.11%
RCL	A	-0.11%
RGA	A	-0.11%
CARR	D	-0.11%
JBL	B	-0.11%
VRTX	F	-0.11%
KDP	D	-0.11%
BA	F	-0.11%
FLEX	A	-0.11%
SNX	C	-0.11%
PPL	B	-0.1%
LH	C	-0.1%
X	C	-0.1%
HAL	C	-0.1%
HLT	A	-0.1%
CF	B	-0.1%
EG	C	-0.1%
EQIX	A	-0.1%
MKL	A	-0.1%
CNP	B	-0.1%
USFD	A	-0.1%
EQT	B	-0.1%
PHM	D	-0.1%
DTE	C	-0.1%
WTW	B	-0.1%
STZ	D	-0.1%
ROST	C	-0.1%
PARA	C	-0.1%
EA	A	-0.1%
ACGL	D	-0.1%
APP	B	-0.1%
FE	C	-0.09%
GWW	B	-0.09%
TAP	C	-0.09%
SW	A	-0.09%
ZIM	C	-0.09%
ZTS	D	-0.09%
MRVL	B	-0.09%
OVV	B	-0.09%
MOS	F	-0.09%
DINO	D	-0.09%
MELI	D	-0.09%
WKC	D	-0.09%
APH	A	-0.09%
ADSK	A	-0.08%
WRB	A	-0.08%
R	B	-0.08%
EXPD	D	-0.08%
PWR	A	-0.08%
UAL	A	-0.08%
ARW	D	-0.08%
DXC	B	-0.08%
K	A	-0.08%
RS	B	-0.08%
HES	B	-0.08%
VRSK	A	-0.08%
CHRW	C	-0.08%
LAD	A	-0.08%
FAST	B	-0.07%
UHS	D	-0.07%
BERY	B	-0.07%
WHR	B	-0.07%
ZBH	C	-0.07%
DG	F	-0.07%
IQV	D	-0.07%
WCN	A	-0.07%
ORI	A	-0.07%
MCO	B	-0.07%
OMC	C	-0.07%
PANW	C	-0.07%
MOH	F	-0.07%
OC	A	-0.07%
PKG	A	-0.07%
MCHP	D	-0.07%
DGX	A	-0.07%
NVR	D	-0.07%
SWK	D	-0.07%
AMCR	D	-0.07%
WAB	B	-0.07%
KMX	B	-0.07%
THC	D	-0.07%
ROP	B	-0.07%
IFF	D	-0.07%
TX	F	-0.07%
CAR	C	-0.07%
DAL	C	-0.06%
GPI	A	-0.06%
SNA	A	-0.06%
WDAY	B	-0.06%
ROK	B	-0.06%
SATS	D	-0.06%
VMC	B	-0.06%
FTV	C	-0.06%
DLTR	F	-0.06%
IR	B	-0.06%
LVS	C	-0.06%
J	F	-0.06%
RNR	C	-0.06%
GPC	D	-0.06%
DKS	C	-0.06%
ON	D	-0.06%
CPAY	A	-0.06%
AIZ	A	-0.06%
OMF	A	-0.06%
LBRDK	C	-0.06%
IRM	D	-0.06%
TPR	B	-0.06%
TSCO	D	-0.06%
PBF	D	-0.06%
NTAP	C	-0.06%
NWSA	B	-0.06%
PAYX	C	-0.06%
CAG	D	-0.06%
WY	D	-0.06%
SNPS	B	-0.06%
DRI	B	-0.06%
SJM	D	-0.06%
BAX	D	-0.06%
JLL	D	-0.06%
GEHC	F	-0.06%
CMS	C	-0.06%
HSY	F	-0.06%
HOLX	D	-0.05%
MNST	C	-0.05%
TMHC	B	-0.05%
BALL	D	-0.05%
AR	B	-0.05%
IPG	D	-0.05%
CSL	C	-0.05%
LYV	A	-0.05%
LULU	C	-0.05%
MHK	D	-0.05%
TDY	B	-0.05%
BJ	A	-0.05%
SWKS	F	-0.05%
CZR	F	-0.05%
COHR	B	-0.05%
LEA	D	-0.05%
CDNS	B	-0.05%
JBHT	C	-0.05%
BFH	B	-0.05%
KNX	B	-0.05%
NDAQ	A	-0.05%
WSM	B	-0.05%
M	D	-0.05%
ULTA	F	-0.05%
KEYS	A	-0.05%
TDS	B	-0.05%
CASY	A	-0.05%
A	D	-0.05%
EME	C	-0.05%
AN	C	-0.05%
ARMK	B	-0.05%
ALB	C	-0.05%
CPNG	D	-0.05%
LKQ	D	-0.05%
MLM	B	-0.05%
AFG	A	-0.05%
HRL	D	-0.05%
OTIS	C	-0.05%
VFC	C	-0.05%
BWA	D	-0.05%
GDDY	A	-0.05%
APTV	D	-0.05%
CNX	A	-0.05%
CDW	F	-0.05%
NCLH	B	-0.05%
DOV	A	-0.05%
ODFL	B	-0.05%
EMN	D	-0.05%
APA	D	-0.05%
CLF	F	-0.05%
ACM	A	-0.05%
MUSA	A	-0.05%
DVA	B	-0.05%
AVT	C	-0.05%
WCC	B	-0.05%
TPG	A	-0.05%
EFX	F	-0.04%
KD	B	-0.04%
SBAC	D	-0.04%
KSS	F	-0.04%
AMG	B	-0.04%
STX	D	-0.04%
NWL	B	-0.04%
XYL	D	-0.04%
OLN	D	-0.04%
MAN	D	-0.04%
GPK	C	-0.04%
FFIV	B	-0.04%
RMD	C	-0.04%
BR	A	-0.04%
PVH	C	-0.04%
CIVI	D	-0.04%
INGR	B	-0.04%
STE	F	-0.04%
WDC	D	-0.04%
RPM	A	-0.04%
AGCO	D	-0.04%
GT	C	-0.04%
IT	C	-0.04%
SCI	B	-0.04%
RRX	B	-0.04%
RH	B	-0.04%
H	B	-0.04%
HST	C	-0.04%
AA	B	-0.04%
TTWO	A	-0.04%
PENN	C	-0.04%
FAF	A	-0.04%
CHRD	D	-0.04%
KBH	D	-0.04%
DOX	D	-0.04%
CHD	B	-0.04%
EL	F	-0.04%
HTZ	C	-0.04%
MAS	D	-0.04%
AES	F	-0.04%
THO	B	-0.04%
NXST	C	-0.04%
FLR	B	-0.04%
CEG	D	-0.04%
ABG	B	-0.04%
JNPR	F	-0.04%
BURL	A	-0.04%
RL	B	-0.04%
AKAM	D	-0.04%
CMC	B	-0.04%
UGI	A	-0.04%
TDG	D	-0.04%
BTU	B	-0.04%
HSIC	B	-0.04%
CCK	C	-0.04%
EW	C	-0.04%
BECN	B	-0.04%
MKC	D	-0.04%
YUM	B	-0.03%
MTN	C	-0.03%
DK	C	-0.03%
SIG	B	-0.03%
PII	D	-0.03%
CE	F	-0.03%
AVTR	F	-0.03%
MTD	D	-0.03%
SAIC	F	-0.03%
AAL	B	-0.03%
WSC	D	-0.03%
ALGN	D	-0.03%
TNET	D	-0.03%
FSLR	F	-0.03%
VVV	F	-0.03%
ARCH	B	-0.03%
VRSN	F	-0.03%
MTH	D	-0.03%
HUN	F	-0.03%
HAS	D	-0.03%
OSK	B	-0.03%
NFG	A	-0.03%
HOG	D	-0.03%
POOL	C	-0.03%
ANSS	B	-0.03%
HRB	D	-0.03%
CPB	D	-0.03%
DAR	C	-0.03%
PR	B	-0.03%
BCC	B	-0.03%
BC	C	-0.03%
RHI	B	-0.03%
HII	D	-0.03%
LUV	C	-0.03%
NU	C	-0.03%
FBIN	D	-0.03%
SKX	D	-0.03%
GXO	B	-0.03%
SM	B	-0.03%
RRC	B	-0.03%
MTDR	B	-0.03%
SNOW	C	-0.03%
AVY	D	-0.03%
BEN	C	-0.03%
TW	A	-0.03%
OGS	A	-0.03%
DECK	A	-0.03%
BAH	F	-0.03%
ALV	C	-0.03%
MUR	D	-0.03%
POST	C	-0.03%
HUBB	B	-0.03%
CPRT	A	-0.03%
UFPI	B	-0.03%
ILMN	D	-0.03%
FTI	A	-0.03%
BRO	B	-0.03%
TGNA	B	-0.03%
CBOE	B	-0.03%
ANDE	D	-0.03%
JAZZ	B	-0.03%
FYBR	D	-0.03%
JHG	A	-0.03%
WSO	A	-0.03%
DAN	D	-0.02%
ODP	F	-0.02%
DXCM	D	-0.02%
AAP	C	-0.02%
XRX	F	-0.02%
CPRI	F	-0.02%
MRNA	F	-0.02%
TER	D	-0.02%
CNM	D	-0.02%
PINS	D	-0.02%
ELAN	D	-0.02%
NSIT	F	-0.02%
AOS	F	-0.02%
IAC	D	-0.02%
WU	D	-0.02%
ASO	F	-0.02%
CVI	F	-0.02%
AMR	C	-0.02%
SON	D	-0.02%
HP	B	-0.02%
PRGO	B	-0.02%
NOV	C	-0.02%
ADNT	F	-0.02%
CSGP	D	-0.02%
WST	C	-0.02%
AMKR	D	-0.02%
ATKR	C	-0.01%