FBUF vs. ONOF ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Global X Adaptive U.S. Risk Management ETF (ONOF)
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
ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.77

Average Daily Volume

4,670

Number of Holdings *

500

* may have additional holdings in another (foreign) market
Performance
Period FBUF ONOF
30 Days 3.10% 3.66%
60 Days 4.70% 5.15%
90 Days 6.08% 6.75%
12 Months 25.68%
124 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in ONOF Overlap
AAPL C 7.34% 6.64% 6.64%
ABBV D 0.91% 0.59% 0.59%
ABT B 0.63% 0.39% 0.39%
ADBE C 0.94% 0.46% 0.46%
ADP B 0.26% 0.24% 0.24%
AMAT F 0.67% 0.3% 0.3%
AME A 0.09% 0.09% 0.09%
AMGN D 0.25% 0.31% 0.25%
AMT D 0.21% 0.18% 0.18%
AMZN C 3.84% 3.9% 3.84%
ANET C 0.06% 0.18% 0.06%
AON A 0.12% 0.14% 0.12%
AVGO D 1.62% 1.53% 1.53%
AXP A 0.43% 0.32% 0.32%
BAC A 1.18% 0.61% 0.61%
BDX F 0.58% 0.13% 0.13%
BIIB F 0.21% 0.05% 0.05%
BK A 0.12% 0.11% 0.11%
BMY B 0.74% 0.23% 0.23%
BRK.A B 2.2% 1.21% 1.21%
C A 0.72% 0.25% 0.25%
CAH B 0.31% 0.06% 0.06%
CAT B 0.53% 0.37% 0.37%
CI F 0.63% 0.18% 0.18%
CINF A 0.07% 0.04% 0.04%
CL D 0.55% 0.15% 0.15%
CLX B 0.14% 0.04% 0.04%
CMCSA B 0.84% 0.33% 0.33%
CME A 0.44% 0.16% 0.16%
CMG B 0.47% 0.16% 0.16%
COST B 0.3% 0.8% 0.3%
CRM B 1.16% 0.6% 0.6%
CSCO B 0.8% 0.46% 0.46%
CSX B 0.49% 0.14% 0.14%
CTAS B 0.65% 0.15% 0.15%
CVNA B 0.52% 0.05% 0.05%
CVS D 0.23% 0.14% 0.14%
CVX A 0.02% 0.54% 0.02%
DASH A 0.11% 0.11% 0.11%
DIS B 0.65% 0.39% 0.39%
DVN F 0.52% 0.05% 0.05%
ECL D 0.63% 0.12% 0.12%
ED D 0.1% 0.06% 0.06%
EOG A 0.48% 0.15% 0.15%
F C 0.33% 0.08% 0.08%
FTNT C 0.2% 0.11% 0.11%
GE D 0.48% 0.38% 0.38%
GILD C 0.74% 0.23% 0.23%
GOOG C 1.89% 1.82% 1.82%
GOOGL C 2.04% 2.02% 2.02%
GRMN B 0.44% 0.06% 0.06%
HD A 1.32% 0.79% 0.79%
HWM A 0.38% 0.09% 0.09%
IDXX F 0.15% 0.07% 0.07%
INCY C 0.34% 0.03% 0.03%
INTU C 0.12% 0.38% 0.12%
ITW B 0.14% 0.16% 0.14%
JNJ D 0.73% 0.72% 0.72%
JPM A 1.93% 1.35% 1.35%
KLAC D 0.61% 0.17% 0.17%
KR B 0.12% 0.08% 0.08%
LDOS C 0.31% 0.04% 0.04%
LHX C 0.21% 0.09% 0.09%
LLY F 0.76% 1.31% 0.76%
LMT D 0.71% 0.25% 0.25%
LPLA A 0.11% 0.05% 0.05%
LRCX F 0.24% 0.19% 0.19%
MA C 1.36% 0.84% 0.84%
META D 2.89% 2.47% 2.47%
MGM D 0.23% 0.02% 0.02%
MMC B 0.53% 0.21% 0.21%
MMM D 0.19% 0.14% 0.14%
MRK F 0.96% 0.49% 0.49%
MSCI C 0.26% 0.09% 0.09%
MSFT F 5.66% 6.15% 5.66%
MSI B 0.43% 0.16% 0.16%
MU D 0.5% 0.22% 0.22%
NEE D 0.82% 0.3% 0.3%
NFLX A 1.28% 0.69% 0.69%
NOC D 0.6% 0.15% 0.15%
NOW A 0.5% 0.42% 0.42%
NSC B 0.11% 0.12% 0.11%
NUE C 0.36% 0.07% 0.07%
NVDA C 7.37% 6.8% 6.8%
ORCL B 0.04% 0.6% 0.04%
OXY D 0.15% 0.07% 0.07%
PCAR B 0.37% 0.12% 0.12%
PEP F 0.19% 0.45% 0.19%
PFE D 0.41% 0.29% 0.29%
PG A 0.8% 0.77% 0.77%
PGR A 0.67% 0.3% 0.3%
PM B 0.94% 0.39% 0.39%
PPG F 0.34% 0.06% 0.06%
PSA D 0.17% 0.1% 0.1%
PYPL B 0.72% 0.18% 0.18%
QCOM F 0.85% 0.36% 0.36%
RSG A 0.23% 0.08% 0.08%
RTX C 0.28% 0.31% 0.28%
SCHW B 0.79% 0.23% 0.23%
SPG B 0.44% 0.11% 0.11%
SPGI C 0.21% 0.31% 0.21%
SQ B 0.6% 0.09% 0.09%
SSNC B 0.18% 0.03% 0.03%
SYK C 0.24% 0.24% 0.24%
T A 0.71% 0.31% 0.31%
TJX A 0.72% 0.27% 0.27%
TMO F 0.38% 0.4% 0.38%
TMUS B 0.28% 0.22% 0.22%
TROW B 0.28% 0.05% 0.05%
TRV B 0.26% 0.12% 0.12%
TSLA B 1.27% 1.7% 1.27%
TT A 0.68% 0.18% 0.18%
UBER D 0.24% 0.28% 0.24%
UNH C 0.57% 1.07% 0.57%
UNP C 0.75% 0.28% 0.28%
V A 0.65% 1.01% 0.65%
VEEV C 0.04% 0.07% 0.04%
VST B 0.14% 0.1% 0.1%
WFC A 0.28% 0.49% 0.28%
WM A 0.41% 0.18% 0.18%
WMT A 0.82% 0.73% 0.73%
XOM B 1.56% 1.05% 1.05%
ZBRA B 0.52% 0.04% 0.04%
ZM B 0.53% 0.04% 0.04%
FBUF Overweight 31 Positions Relative to ONOF
Symbol Grade Weight
SEIC B 0.54%
DBX B 0.52%
TXT D 0.5%
IGT F 0.46%
EXEL B 0.43%
ALLE D 0.38%
ANF C 0.35%
TDC D 0.35%
ALRM C 0.34%
SKYW B 0.31%
MEDP D 0.28%
GAP C 0.21%
TPH D 0.18%
CACI D 0.17%
LNW D 0.16%
BBWI D 0.16%
GL B 0.13%
GEN B 0.13%
UNM A 0.1%
TWLO A 0.09%
NRG B 0.09%
DOCU A 0.09%
LYFT C 0.08%
PLTK B 0.07%
CRUS D 0.07%
QRVO F 0.06%
NBIX C 0.06%
TNL A 0.04%
UTHR C 0.04%
TOL B 0.02%
PEGA A 0.02%
FBUF Underweight 376 Positions Relative to ONOF
Symbol Grade Weight
KO D -0.48%
ACN C -0.45%
AMD F -0.44%
LIN D -0.43%
MCD D -0.42%
IBM C -0.38%
TXN C -0.37%
ISRG A -0.37%
GS A -0.36%
VZ C -0.34%
BKNG A -0.33%
MS A -0.32%
HON B -0.3%
DHR F -0.3%
LOW D -0.3%
BLK C -0.3%
ETN A -0.28%
COP C -0.26%
PANW C -0.25%
BSX B -0.25%
BX A -0.25%
FI A -0.24%
VRTX F -0.24%
CB C -0.23%
PLTR B -0.23%
MDT D -0.22%
SBUX A -0.22%
PLD D -0.21%
INTC D -0.21%
ADI D -0.21%
KKR A -0.2%
SO D -0.19%
MO A -0.19%
UPS C -0.19%
ELV F -0.19%
DE A -0.19%
MELI D -0.18%
GEV B -0.18%
SHW A -0.18%
NKE D -0.18%
DUK C -0.17%
APH A -0.17%
MDLZ F -0.17%
ICE C -0.17%
PH A -0.17%
MCK B -0.16%
WELL A -0.16%
BA F -0.16%
ZTS D -0.16%
REGN F -0.16%
CDNS B -0.16%
PNC B -0.16%
SNPS B -0.16%
EQIX A -0.16%
USB A -0.15%
MCO B -0.15%
MRVL B -0.15%
CRWD B -0.15%
COF B -0.14%
APD A -0.14%
CEG D -0.14%
TGT F -0.14%
ORLY B -0.14%
TDG D -0.14%
EMR A -0.14%
APP B -0.13%
HCA F -0.13%
ADSK A -0.13%
GD F -0.13%
FDX B -0.13%
GM B -0.13%
APO B -0.13%
WMB A -0.13%
SPOT B -0.13%
MAR B -0.13%
WDAY B -0.12%
MSTR C -0.12%
ROP B -0.12%
HLT A -0.12%
TFC A -0.12%
FCX D -0.12%
SLB C -0.12%
OKE A -0.12%
CARR D -0.12%
AJG B -0.12%
COIN C -0.11%
PSX C -0.11%
AZO C -0.11%
TTD B -0.11%
AMP A -0.11%
URI B -0.11%
AFL B -0.11%
FICO B -0.11%
SRE A -0.11%
JCI C -0.11%
ABNB C -0.11%
DLR B -0.11%
CPRT A -0.1%
O D -0.1%
DHI D -0.1%
MET A -0.1%
FIS C -0.1%
AEP D -0.1%
CMI A -0.1%
AIG B -0.1%
ALL A -0.1%
RCL A -0.1%
GWW B -0.1%
KMI A -0.1%
MPC D -0.1%
VRT B -0.09%
BKR B -0.09%
KMB D -0.09%
CCI D -0.09%
PCG A -0.09%
KVUE A -0.09%
VLO C -0.09%
PRU A -0.09%
PWR A -0.09%
ROST C -0.09%
FAST B -0.09%
PAYX C -0.09%
D C -0.09%
NEM D -0.09%
FLUT A -0.09%
LNG B -0.09%
A D -0.08%
MNST C -0.08%
EA A -0.08%
TEAM A -0.08%
DDOG A -0.08%
EW C -0.08%
CTVA C -0.08%
CTSH B -0.08%
HES B -0.08%
IT C -0.08%
DELL C -0.08%
SNOW C -0.08%
CBRE B -0.08%
OTIS C -0.08%
LEN D -0.08%
VRSK A -0.08%
DAL C -0.08%
IR B -0.08%
TRGP B -0.08%
COR B -0.08%
AXON A -0.08%
ODFL B -0.08%
DFS B -0.08%
PEG A -0.08%
RMD C -0.07%
HUBS A -0.07%
EXR D -0.07%
HUM C -0.07%
HIG B -0.07%
MCHP D -0.07%
WAB B -0.07%
MTB A -0.07%
GEHC F -0.07%
KDP D -0.07%
ACGL D -0.07%
MLM B -0.07%
HPQ B -0.07%
GLW B -0.07%
IQV D -0.07%
LULU C -0.07%
GIS D -0.07%
VMC B -0.07%
EXC C -0.07%
XEL A -0.07%
CHTR C -0.07%
SYY B -0.07%
STZ D -0.07%
YUM B -0.07%
STT A -0.06%
MPWR F -0.06%
ON D -0.06%
XYL D -0.06%
DXCM D -0.06%
ANSS B -0.06%
DECK A -0.06%
TTWO A -0.06%
GPN B -0.06%
UAL A -0.06%
RJF A -0.06%
WEC A -0.06%
TSCO D -0.06%
CSGP D -0.06%
ARES A -0.06%
ETR B -0.06%
FANG D -0.06%
CNC D -0.06%
TPL A -0.06%
DD D -0.06%
EBAY D -0.06%
EIX B -0.06%
DOW F -0.06%
EFX F -0.06%
ALNY D -0.06%
FITB A -0.06%
NDAQ A -0.06%
AVB B -0.06%
VICI C -0.06%
WTW B -0.06%
IRM D -0.06%
ROK B -0.06%
SBAC D -0.05%
AEE A -0.05%
CCL B -0.05%
RF A -0.05%
NTAP C -0.05%
CDW F -0.05%
EQT B -0.05%
WST C -0.05%
DTE C -0.05%
PPL B -0.05%
WAT B -0.05%
MKL A -0.05%
GDDY A -0.05%
EQR B -0.05%
KHC F -0.05%
HBAN A -0.05%
FCNCA A -0.05%
VTR C -0.05%
AWK D -0.05%
ADM D -0.05%
HUBB B -0.05%
SW A -0.05%
RBLX C -0.05%
SYF B -0.05%
BRO B -0.05%
MTD D -0.05%
CHD B -0.05%
HSY F -0.05%
FTV C -0.05%
BR A -0.05%
KEYS A -0.05%
HAL C -0.05%
NET B -0.05%
PHM D -0.05%
HPE B -0.05%
CPNG D -0.05%
DOV A -0.05%
CPAY A -0.05%
NVR D -0.05%
TYL B -0.05%
HOLX D -0.04%
WSO A -0.04%
MAA B -0.04%
LYV A -0.04%
STX D -0.04%
FDS B -0.04%
MKC D -0.04%
CNP B -0.04%
CTRA B -0.04%
DKNG B -0.04%
TRU D -0.04%
LUV C -0.04%
BALL D -0.04%
ESS B -0.04%
INVH D -0.04%
ZS C -0.04%
LII A -0.04%
BAH F -0.04%
CMS C -0.04%
WDC D -0.04%
LH C -0.04%
MDB C -0.04%
DRI B -0.04%
PFG D -0.04%
STLD B -0.04%
OMC C -0.04%
CBOE B -0.04%
K A -0.04%
CFG B -0.04%
LYB F -0.04%
CSL C -0.04%
ES D -0.04%
NTRS A -0.04%
ATO A -0.04%
BLDR D -0.04%
STE F -0.04%
WBD C -0.04%
TDY B -0.04%
FE C -0.04%
FSLR F -0.04%
WY D -0.04%
PTC A -0.04%
ILMN D -0.04%
VLTO D -0.04%
ZBH C -0.04%
IFF D -0.04%
EXPE B -0.04%
EME C -0.04%
SWK D -0.03%
CAG D -0.03%
AKAM D -0.03%
DLTR F -0.03%
MRNA F -0.03%
SWKS F -0.03%
NDSN B -0.03%
AVTR F -0.03%
EL F -0.03%
JBL B -0.03%
EVRG A -0.03%
RVTY F -0.03%
AMCR D -0.03%
APTV D -0.03%
ROL B -0.03%
TW A -0.03%
LNT A -0.03%
DOC D -0.03%
VTRS A -0.03%
L A -0.03%
JBHT C -0.03%
ENTG D -0.03%
SUI D -0.03%
PSTG D -0.03%
CF B -0.03%
ALGN D -0.03%
WSM B -0.03%
HOOD B -0.03%
BAX D -0.03%
AVY D -0.03%
VRSN F -0.03%
HEI B -0.03%
MRO B -0.03%
TER D -0.03%
ARE D -0.03%
DG F -0.03%
EXPD D -0.03%
GPC D -0.03%
IEX B -0.03%
TRMB B -0.03%
RS B -0.03%
PINS D -0.03%
DGX A -0.03%
J F -0.03%
MOH F -0.03%
LVS C -0.03%
ULTA F -0.03%
BBY D -0.03%
TSN B -0.03%
IBKR A -0.03%
WRB A -0.03%
CE F -0.02%
TKO B -0.02%
CPB D -0.02%
ENPH F -0.02%
SCCO F -0.02%
HRL D -0.02%
SMCI F -0.02%
RPRX D -0.02%
DOX D -0.02%
IOT A -0.02%
FOXA B -0.02%
SNAP C -0.02%
OWL A -0.02%
HEI B -0.02%
BXP D -0.02%
ERIE D -0.02%
EG C -0.02%
BMRN D -0.02%
OKTA C -0.02%
BG F -0.02%
GFS C -0.01%
WLK D -0.01%
WMG C -0.01%
EDR A -0.01%
FOX A -0.01%
TPG A -0.01%
BSY D -0.01%
LEN D -0.0%
SIRI C -0.0%
RKT F -0.0%
AGR B -0.0%
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