FBUF vs. RWL ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to RevenueShares Large Cap ETF (RWL)
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
RWL

RevenueShares Large Cap ETF

RWL Description The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings *

499

* may have additional holdings in another (foreign) market
Performance
Period FBUF RWL
30 Days 3.10% 4.90%
60 Days 4.70% 5.46%
90 Days 6.08% 7.07%
12 Months 29.24%
123 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in RWL Overlap
AAPL C 7.34% 2.18% 2.18%
ABBV D 0.91% 0.26% 0.26%
ABT B 0.63% 0.22% 0.22%
ADBE C 0.94% 0.11% 0.11%
ADP B 0.26% 0.11% 0.11%
ALLE D 0.38% 0.02% 0.02%
AMAT F 0.67% 0.15% 0.15%
AME A 0.09% 0.04% 0.04%
AMGN D 0.25% 0.15% 0.15%
AMT D 0.21% 0.05% 0.05%
AMZN C 3.84% 3.77% 3.77%
ANET C 0.06% 0.04% 0.04%
AON A 0.12% 0.08% 0.08%
AVGO D 1.62% 0.26% 0.26%
AXP A 0.43% 0.44% 0.43%
BAC A 1.18% 1.24% 1.18%
BDX F 0.58% 0.11% 0.11%
BIIB F 0.21% 0.04% 0.04%
BK A 0.12% 0.23% 0.12%
BMY B 0.74% 0.3% 0.3%
BRK.A B 2.2% 2.13% 2.13%
C A 0.72% 1.1% 0.72%
CAH B 0.31% 1.34% 0.31%
CAT B 0.53% 0.41% 0.41%
CI F 0.63% 1.06% 0.63%
CINF A 0.07% 0.06% 0.06%
CL D 0.55% 0.09% 0.09%
CLX B 0.14% 0.04% 0.04%
CMCSA B 0.84% 0.73% 0.73%
CME A 0.44% 0.03% 0.03%
CMG B 0.47% 0.06% 0.06%
COST B 0.3% 1.41% 0.3%
CRM B 1.16% 0.26% 0.26%
CSCO B 0.8% 0.34% 0.34%
CSX B 0.49% 0.09% 0.09%
CTAS B 0.65% 0.05% 0.05%
CVS D 0.23% 1.9% 0.23%
CVX A 0.02% 1.25% 0.02%
DIS B 0.65% 0.59% 0.59%
DVN F 0.52% 0.08% 0.08%
ECL D 0.63% 0.08% 0.08%
ED D 0.1% 0.07% 0.07%
EOG A 0.48% 0.15% 0.15%
F C 0.33% 1.03% 0.33%
FTNT C 0.2% 0.04% 0.04%
GE D 0.48% 0.21% 0.21%
GEN B 0.13% 0.02% 0.02%
GILD C 0.74% 0.17% 0.17%
GL B 0.13% 0.03% 0.03%
GOOG C 1.89% 1.01% 1.01%
GOOGL C 2.04% 1.01% 1.01%
GRMN B 0.44% 0.04% 0.04%
HD A 1.32% 0.89% 0.89%
HWM A 0.38% 0.05% 0.05%
IDXX F 0.15% 0.02% 0.02%
INCY C 0.34% 0.03% 0.03%
INTU C 0.12% 0.1% 0.1%
ITW B 0.14% 0.09% 0.09%
JNJ D 0.73% 0.44% 0.44%
JPM A 1.93% 1.74% 1.74%
KLAC D 0.61% 0.05% 0.05%
KR B 0.12% 0.87% 0.12%
LDOS C 0.31% 0.09% 0.09%
LHX C 0.21% 0.12% 0.12%
LLY F 0.76% 0.18% 0.18%
LMT D 0.71% 0.37% 0.37%
LRCX F 0.24% 0.08% 0.08%
MA C 1.36% 0.15% 0.15%
META D 2.89% 0.91% 0.91%
MGM D 0.23% 0.1% 0.1%
MMC B 0.53% 0.13% 0.13%
MMM D 0.19% 0.13% 0.13%
MRK F 0.96% 0.29% 0.29%
MSCI C 0.26% 0.02% 0.02%
MSFT F 5.66% 1.34% 1.34%
MSI B 0.43% 0.06% 0.06%
MU D 0.5% 0.13% 0.13%
NEE D 0.82% 0.12% 0.12%
NFLX A 1.28% 0.24% 0.24%
NOC D 0.6% 0.22% 0.22%
NOW A 0.5% 0.07% 0.07%
NRG B 0.09% 0.18% 0.09%
NSC B 0.11% 0.07% 0.07%
NUE C 0.36% 0.18% 0.18%
NVDA C 7.37% 0.65% 0.65%
ORCL B 0.04% 0.34% 0.04%
OXY D 0.15% 0.15% 0.15%
PCAR B 0.37% 0.23% 0.23%
PEP F 0.19% 0.47% 0.19%
PFE D 0.41% 0.27% 0.27%
PG A 0.8% 0.44% 0.44%
PGR A 0.67% 0.38% 0.38%
PM B 0.94% 0.2% 0.2%
PPG F 0.34% 0.1% 0.1%
PSA D 0.17% 0.02% 0.02%
PYPL B 0.72% 0.21% 0.21%
QCOM F 0.85% 0.2% 0.2%
QRVO F 0.06% 0.01% 0.01%
RSG A 0.23% 0.09% 0.09%
RTX C 0.28% 0.4% 0.28%
SCHW B 0.79% 0.18% 0.18%
SPG B 0.44% 0.03% 0.03%
SPGI C 0.21% 0.07% 0.07%
SYK C 0.24% 0.12% 0.12%
T A 0.71% 0.69% 0.69%
TJX A 0.72% 0.31% 0.31%
TMO F 0.38% 0.2% 0.2%
TMUS B 0.28% 0.51% 0.28%
TROW B 0.28% 0.04% 0.04%
TRV B 0.26% 0.26% 0.26%
TSLA B 1.27% 0.71% 0.71%
TT A 0.68% 0.12% 0.12%
TXT D 0.5% 0.07% 0.07%
UBER D 0.24% 0.22% 0.22%
UNH C 0.57% 2.1% 0.57%
UNP C 0.75% 0.13% 0.13%
V A 0.65% 0.21% 0.21%
VST B 0.14% 0.13% 0.13%
WFC A 0.28% 0.93% 0.28%
WM A 0.41% 0.12% 0.12%
WMT A 0.82% 3.83% 0.82%
XOM B 1.56% 2.04% 1.56%
ZBRA B 0.52% 0.03% 0.03%
FBUF Overweight 32 Positions Relative to RWL
Symbol Grade Weight
SQ B 0.6%
SEIC B 0.54%
ZM B 0.53%
DBX B 0.52%
CVNA B 0.52%
IGT F 0.46%
EXEL B 0.43%
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%
SSNC B 0.18%
CACI D 0.17%
LNW D 0.16%
BBWI D 0.16%
DASH A 0.11%
LPLA A 0.11%
UNM A 0.1%
TWLO A 0.09%
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%
UTHR C 0.04%
TOL B 0.02%
PEGA A 0.02%
FBUF Underweight 376 Positions Relative to RWL
Symbol Grade Weight
MCK B -2.03%
COR B -1.58%
GM B -1.22%
PSX C -0.86%
GS A -0.82%
VLO C -0.8%
MPC D -0.79%
WBA F -0.77%
MS A -0.76%
ELV F -0.7%
CNC D -0.68%
VZ C -0.68%
TGT F -0.6%
DELL C -0.59%
UAL A -0.56%
HUM C -0.54%
UPS C -0.51%
LOW D -0.49%
FDX B -0.49%
DAL C -0.48%
ADM D -0.42%
SYY B -0.42%
MET A -0.41%
INTC D -0.39%
COF B -0.38%
ACN C -0.37%
BA F -0.36%
PRU A -0.36%
CHTR C -0.35%
COP C -0.34%
ALL A -0.34%
HCA F -0.33%
IBM C -0.33%
HPQ B -0.32%
DE A -0.31%
TSN B -0.3%
CB C -0.29%
BG F -0.28%
NKE D -0.27%
USB A -0.26%
GEV B -0.25%
WBD C -0.25%
GD F -0.24%
AIG B -0.24%
CMI A -0.23%
HON B -0.23%
BBY D -0.22%
KO D -0.22%
SLB C -0.21%
DOW F -0.21%
PNC B -0.21%
HPE B -0.2%
DG F -0.2%
LYB F -0.2%
SBUX A -0.2%
CBRE B -0.2%
JBL B -0.2%
BKR B -0.19%
MOH F -0.18%
LEN D -0.18%
CCL B -0.18%
LUV C -0.17%
MDT D -0.17%
LYV A -0.17%
MDLZ F -0.17%
DHI D -0.17%
PARA C -0.17%
JCI C -0.17%
LIN D -0.17%
DUK C -0.16%
TFC A -0.16%
ETN A -0.16%
BKNG A -0.16%
KKR A -0.16%
DLTR F -0.16%
MAR B -0.16%
DFS B -0.16%
PWR A -0.15%
SYF B -0.15%
FCX D -0.14%
HAL C -0.14%
SO D -0.14%
CEG D -0.14%
HIG B -0.14%
KMX B -0.14%
MCD D -0.14%
PCG A -0.14%
BLK C -0.13%
CARR D -0.13%
KHC F -0.13%
PH A -0.13%
SHW A -0.13%
FI A -0.13%
TRGP B -0.12%
AMD F -0.12%
MO A -0.12%
RCL A -0.12%
EMR A -0.12%
EXC C -0.12%
AMP A -0.12%
DHR F -0.12%
IP B -0.12%
SW A -0.12%
STT A -0.12%
STLD B -0.12%
OKE A -0.12%
ROST C -0.11%
KMI A -0.11%
CHRW C -0.11%
AFL B -0.11%
RJF A -0.11%
GWW B -0.11%
CTSH B -0.11%
GPC D -0.11%
NTRS A -0.1%
GIS D -0.1%
L A -0.1%
ORLY B -0.1%
AEP D -0.1%
EXPE B -0.1%
AZO C -0.1%
GEHC F -0.1%
KMB D -0.1%
KVUE A -0.09%
PHM D -0.09%
APTV D -0.09%
OMC C -0.09%
BSX B -0.09%
EIX B -0.09%
VTRS A -0.09%
J F -0.09%
TXN C -0.09%
MTB A -0.09%
PFG D -0.09%
BLDR D -0.09%
CTVA C -0.09%
CDW F -0.09%
URI B -0.09%
GLW B -0.08%
LVS C -0.08%
HBAN A -0.08%
ETR B -0.08%
HES B -0.08%
TSCO D -0.08%
SRE A -0.08%
CFG B -0.08%
XEL A -0.08%
FITB A -0.08%
OTIS C -0.08%
APH A -0.08%
BWA D -0.08%
EG C -0.08%
WAB B -0.07%
EL F -0.07%
BAX D -0.07%
ABNB C -0.07%
DRI B -0.07%
BALL D -0.07%
FE C -0.07%
MOS F -0.07%
DD D -0.07%
LULU C -0.07%
HLT A -0.07%
NCLH B -0.07%
AMCR D -0.07%
BX A -0.07%
WDC D -0.07%
WMB A -0.07%
KEY B -0.07%
NXPI D -0.07%
IQV D -0.07%
AIZ A -0.07%
UHS D -0.07%
WRB A -0.07%
SWK D -0.07%
KDP D -0.07%
ACGL D -0.07%
LH C -0.07%
APD A -0.07%
JBHT C -0.07%
K A -0.07%
TAP C -0.07%
D C -0.07%
LKQ D -0.07%
ICE C -0.06%
PEG A -0.06%
ES D -0.06%
VRTX F -0.06%
CAG D -0.06%
IPG D -0.06%
GPN B -0.06%
FIS C -0.06%
WTW B -0.06%
AJG B -0.06%
RF A -0.06%
NEM D -0.06%
HRL D -0.06%
CZR F -0.06%
ULTA F -0.06%
DTE C -0.06%
HSIC B -0.06%
DVA B -0.06%
ISRG A -0.05%
FOXA B -0.05%
CPB D -0.05%
FOX A -0.05%
PPL B -0.05%
WYNN D -0.05%
APA D -0.05%
EQIX A -0.05%
WEC A -0.05%
ALB C -0.05%
FAST B -0.05%
HII D -0.05%
PKG A -0.05%
EMN D -0.05%
BEN C -0.05%
VMC B -0.05%
TPR B -0.05%
PANW C -0.05%
ADI D -0.05%
EXPD D -0.05%
CNP B -0.05%
REGN F -0.05%
DOV A -0.05%
AES F -0.05%
NVR D -0.05%
DGX A -0.05%
ROK B -0.05%
STZ D -0.05%
MHK D -0.05%
IFF D -0.05%
FANG D -0.05%
HSY F -0.05%
EBAY D -0.05%
IVZ B -0.04%
NTAP C -0.04%
IT C -0.04%
TTWO A -0.04%
SNA A -0.04%
MCO B -0.04%
ADSK A -0.04%
ROP B -0.04%
PLD D -0.04%
ODFL B -0.04%
BR A -0.04%
SNPS B -0.04%
NDAQ A -0.04%
CMS C -0.04%
TDG D -0.04%
WY D -0.04%
MRO B -0.04%
YUM B -0.04%
ON D -0.04%
WELL A -0.04%
MLM B -0.04%
AEE A -0.04%
ZBH C -0.04%
MAS D -0.04%
SJM D -0.04%
AVY D -0.04%
XYL D -0.04%
RL B -0.04%
SOLV C -0.04%
IR B -0.04%
LW C -0.04%
ZTS D -0.04%
MNST C -0.04%
EA A -0.04%
VTR C -0.03%
CPAY A -0.03%
EFX F -0.03%
TRMB B -0.03%
CDNS B -0.03%
CRWD B -0.03%
VLTO D -0.03%
PNR A -0.03%
BRO B -0.03%
CPRT A -0.03%
STE F -0.03%
PNW B -0.03%
DECK A -0.03%
DPZ C -0.03%
JNPR F -0.03%
KEYS A -0.03%
GNRC B -0.03%
GDDY A -0.03%
POOL C -0.03%
HST C -0.03%
NI A -0.03%
MCHP D -0.03%
EPAM C -0.03%
NWSA B -0.03%
IRM D -0.03%
PAYX C -0.03%
CCI D -0.03%
EW C -0.03%
EVRG A -0.03%
NWS B -0.03%
SMCI F -0.03%
EQT B -0.03%
MKC D -0.03%
HUBB B -0.03%
CTRA B -0.03%
DLR B -0.03%
A D -0.03%
TDY B -0.03%
CHD B -0.03%
STX D -0.03%
FTV C -0.03%
CE F -0.03%
CF B -0.03%
ERIE D -0.02%
AVB B -0.02%
EXR D -0.02%
VRSK A -0.02%
MRNA F -0.02%
AXON A -0.02%
MTCH D -0.02%
FSLR F -0.02%
WST C -0.02%
FFIV B -0.02%
ROL B -0.02%
WAT B -0.02%
BXP D -0.02%
MTD D -0.02%
VICI C -0.02%
AKAM D -0.02%
FMC D -0.02%
ALGN D -0.02%
SWKS F -0.02%
AOS F -0.02%
CBOE B -0.02%
IEX B -0.02%
HOLX D -0.02%
AWK D -0.02%
LNT A -0.02%
CRL C -0.02%
PLTR B -0.02%
HAS D -0.02%
DXCM D -0.02%
O D -0.02%
ATO A -0.02%
CTLT B -0.02%
RMD C -0.02%
FRT B -0.01%
TECH D -0.01%
MPWR F -0.01%
REG B -0.01%
CPT B -0.01%
VRSN F -0.01%
UDR B -0.01%
ESS B -0.01%
KIM A -0.01%
FICO B -0.01%
TYL B -0.01%
MAA B -0.01%
PODD C -0.01%
DAY B -0.01%
JKHY D -0.01%
TER D -0.01%
DOC D -0.01%
PAYC B -0.01%
TFX F -0.01%
INVH D -0.01%
SBAC D -0.01%
FDS B -0.01%
PTC A -0.01%
CSGP D -0.01%
ANSS B -0.01%
RVTY F -0.01%
ARE D -0.01%
NDSN B -0.01%
EQR B -0.01%
MKTX D -0.0%
ENPH F -0.0%
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