FBUF vs. VGT ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Vanguard Information Tech ETF - DNQ (VGT)

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

VGT

Vanguard Information Tech ETF - DNQ

VGT Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Information Technology 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the information technology sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$621.58

Average Daily Volume

413,857

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	VGT
30 Days	3.10%	4.10%
60 Days	4.70%	7.82%
90 Days	6.08%	7.33%
12 Months		35.99%

29 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in VGT	Overlap
AAPL	C	7.34%	15.76%	7.34%
ADBE	C	0.94%	1.41%	0.94%
ALRM	C	0.34%	0.06%	0.06%
AMAT	F	0.67%	1.0%	0.67%
ANET	C	0.06%	0.71%	0.06%
AVGO	D	1.62%	4.55%	1.62%
CRM	B	1.16%	1.84%	1.16%
CRUS	D	0.07%	0.09%	0.07%
CSCO	B	0.8%	1.45%	0.8%
DBX	B	0.52%	0.11%	0.11%
DOCU	A	0.09%	0.17%	0.09%
FTNT	C	0.2%	0.38%	0.2%
GEN	B	0.13%	0.18%	0.13%
INTU	C	0.12%	1.12%	0.12%
KLAC	D	0.61%	0.61%	0.61%
LRCX	F	0.24%	0.66%	0.24%
MSFT	F	5.66%	13.35%	5.66%
MSI	B	0.43%	0.53%	0.43%
MU	D	0.5%	0.74%	0.5%
NOW	A	0.5%	1.25%	0.5%
NVDA	C	7.37%	15.4%	7.37%
ORCL	B	0.04%	1.81%	0.04%
PEGA	A	0.02%	0.08%	0.02%
QCOM	F	0.85%	1.19%	0.85%
QRVO	F	0.06%	0.08%	0.06%
TDC	D	0.35%	0.08%	0.08%
TWLO	A	0.09%	0.17%	0.09%
ZBRA	B	0.52%	0.19%	0.19%
ZM	B	0.53%	0.2%	0.2%

FBUF Overweight 126 Positions Relative to VGT

Symbol	Grade	Weight
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%
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%
ABBV	D	0.91%
CMCSA	B	0.84%
WMT	A	0.82%
NEE	D	0.82%
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%
V	A	0.65%
CTAS	B	0.65%
DIS	B	0.65%
ECL	D	0.63%
CI	F	0.63%
ABT	B	0.63%
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%
CAT	B	0.53%
CVNA	B	0.52%
DVN	F	0.52%
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%
AXP	A	0.43%
EXEL	B	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%
ANF	C	0.35%
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%
MEDP	D	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%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
SPGI	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
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%
GL	B	0.13%
KR	B	0.12%
BK	A	0.12%
AON	A	0.12%
NSC	B	0.11%
DASH	A	0.11%
LPLA	A	0.11%
UNM	A	0.1%
ED	D	0.1%
AME	A	0.09%
NRG	B	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
NBIX	C	0.06%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
CVX	A	0.02%

FBUF Underweight 267 Positions Relative to VGT

Symbol	Grade	Weight
AMD	F	-1.52%
ACN	C	-1.41%
IBM	C	-1.24%
TXN	C	-1.21%
PANW	C	-0.78%
ADI	D	-0.75%
INTC	D	-0.63%
PLTR	B	-0.6%
APH	A	-0.56%
SNPS	B	-0.55%
CDNS	B	-0.53%
CRWD	B	-0.5%
MRVL	B	-0.5%
ADSK	A	-0.45%
NXPI	D	-0.43%
ROP	B	-0.42%
FICO	B	-0.38%
WDAY	B	-0.37%
APP	B	-0.34%
MSTR	C	-0.32%
IT	C	-0.31%
GLW	B	-0.31%
MCHP	D	-0.3%
DDOG	A	-0.29%
DELL	C	-0.29%
CTSH	B	-0.29%
HPQ	B	-0.28%
MPWR	F	-0.28%
SNOW	C	-0.27%
TEAM	A	-0.26%
ON	D	-0.25%
ANSS	B	-0.24%
HUBS	A	-0.24%
TYL	B	-0.23%
KEYS	A	-0.23%
NET	B	-0.23%
HPE	B	-0.22%
PTC	A	-0.21%
CDW	F	-0.21%
GDDY	A	-0.21%
WDC	D	-0.2%
NTAP	C	-0.2%
TDY	B	-0.2%
STX	D	-0.19%
MDB	C	-0.19%
FSLR	F	-0.18%
MANH	D	-0.17%
NTNX	A	-0.17%
GWRE	A	-0.17%
FLEX	A	-0.16%
ENTG	D	-0.16%
AKAM	D	-0.16%
ZS	C	-0.16%
FFIV	B	-0.16%
TRMB	B	-0.16%
VRSN	F	-0.16%
DT	C	-0.16%
JBL	B	-0.15%
PSTG	D	-0.15%
COHR	B	-0.15%
TER	D	-0.15%
IOT	A	-0.14%
SWKS	F	-0.14%
JNPR	F	-0.14%
SMCI	F	-0.13%
EPAM	C	-0.13%
CIEN	B	-0.13%
ENPH	F	-0.12%
CFLT	B	-0.12%
SNX	C	-0.12%
OKTA	C	-0.12%
SMAR	A	-0.12%
ONTO	D	-0.12%
VNT	B	-0.11%
PI	D	-0.11%
ITRI	B	-0.11%
QTWO	A	-0.11%
CRDO	B	-0.11%
MTSI	B	-0.11%
CGNX	C	-0.11%
ZETA	D	-0.11%
CVLT	B	-0.11%
GTLB	B	-0.11%
U	C	-0.11%
BSY	D	-0.11%
LSCC	D	-0.11%
BILL	A	-0.11%
OLED	D	-0.11%
FN	D	-0.11%
S	B	-0.11%
PCOR	B	-0.11%
ALTR	B	-0.11%
HCP	B	-0.1%
CWAN	B	-0.1%
MARA	C	-0.1%
MKSI	C	-0.1%
KD	B	-0.1%
LFUS	F	-0.1%
PLXS	B	-0.1%
ARW	D	-0.1%
ACIW	B	-0.1%
RMBS	C	-0.1%
AUR	C	-0.1%
PATH	C	-0.1%
NOVT	D	-0.1%
BDC	B	-0.1%
LITE	B	-0.1%
BMI	B	-0.1%
BOX	B	-0.1%
NSIT	F	-0.09%
DXC	B	-0.09%
APPF	B	-0.09%
WK	B	-0.09%
SANM	B	-0.09%
ESTC	C	-0.09%
TENB	C	-0.09%
QLYS	C	-0.09%
AEIS	B	-0.09%
ASGN	F	-0.09%
DLB	B	-0.09%
VRNS	D	-0.09%
SPSC	C	-0.09%
IDCC	A	-0.09%
AVT	C	-0.09%
YOU	D	-0.08%
SITM	B	-0.08%
BLKB	B	-0.08%
NCNO	B	-0.08%
POWI	D	-0.08%
SLAB	D	-0.08%
CXT	B	-0.07%
RNG	B	-0.07%
RIOT	C	-0.07%
ACLS	F	-0.07%
FROG	C	-0.07%
AI	B	-0.07%
DIOD	D	-0.07%
SYNA	C	-0.07%
PRGS	A	-0.07%
FORM	D	-0.07%
AMKR	D	-0.07%
ENV	B	-0.07%
MIR	A	-0.07%
SMTC	B	-0.07%
BL	B	-0.07%
TTMI	B	-0.06%
VERX	B	-0.06%
DOCN	D	-0.06%
PLUS	F	-0.06%
IPGP	D	-0.06%
CLSK	C	-0.06%
AGYS	A	-0.06%
KLIC	B	-0.06%
DV	C	-0.06%
ALGM	D	-0.06%
RPD	C	-0.06%
INTA	A	-0.06%
BRZE	C	-0.05%
VSH	D	-0.05%
EXTR	B	-0.05%
PAR	B	-0.05%
FRSH	C	-0.05%
VIAV	B	-0.05%
CALX	D	-0.05%
OSIS	B	-0.05%
ALKT	B	-0.05%
FIVN	C	-0.05%
AMBA	B	-0.05%
SOUN	C	-0.04%
NSSC	D	-0.04%
INFN	C	-0.04%
COMM	D	-0.04%
CTS	C	-0.04%
PLAB	C	-0.04%
NTCT	C	-0.04%
UCTT	D	-0.04%
KN	B	-0.04%
BHE	B	-0.04%
VECO	F	-0.04%
WULF	C	-0.04%
PD	C	-0.04%
WOLF	F	-0.04%
RAMP	C	-0.04%
ROG	D	-0.04%
INFA	D	-0.04%
VYX	B	-0.04%
ASAN	C	-0.03%
MXL	C	-0.03%
DGII	B	-0.03%
JAMF	F	-0.03%
ATEN	B	-0.03%
COHU	C	-0.03%
APPN	B	-0.03%
HLIT	D	-0.03%
ZUO	B	-0.03%
VRNT	C	-0.03%
SPT	C	-0.03%
BASE	C	-0.02%
SWI	B	-0.02%
IBUY	A	-0.02%
BLND	B	-0.02%
BELFB	C	-0.02%
YEXT	A	-0.02%
VSAT	F	-0.02%
PRO	C	-0.02%
AOSL	C	-0.02%
CNXN	C	-0.02%
PDFS	C	-0.02%
CXM	C	-0.02%
NABL	F	-0.02%
APLD	A	-0.02%
ACMR	F	-0.02%
ICHR	C	-0.02%
GDYN	B	-0.02%
FSLY	D	-0.02%
XRX	F	-0.02%
SEDG	F	-0.02%
ARLO	C	-0.02%
CIFR	B	-0.02%
SCSC	B	-0.02%
MVIS	F	-0.01%
BELFA	D	-0.01%
EGHT	C	-0.01%
DOMO	C	-0.01%
OUST	C	-0.01%
VPG	D	-0.01%
MEI	D	-0.01%
APPS	F	-0.01%
CRSR	C	-0.01%
LGTY	D	-0.01%
FARO	B	-0.01%
RBBN	C	-0.01%
BIGC	C	-0.01%
ENFN	A	-0.01%
LWLG	F	-0.01%
AEHR	F	-0.01%
SEMR	B	-0.01%
MITK	C	-0.01%
CCSI	C	-0.01%
CLFD	D	-0.01%
KE	C	-0.01%
ETWO	F	-0.01%
UIS	B	-0.01%
DMRC	C	-0.01%
NNBR	C	-0.01%
WEAV	B	-0.01%
TWKS	D	-0.01%
OLO	B	-0.01%
MLNK	B	-0.01%
INDI	C	-0.01%
CEVA	B	-0.01%
LASR	D	-0.01%
OSPN	A	-0.01%
HCKT	B	-0.01%
NTGR	B	-0.01%
MASS	F	-0.0%
LPSN	F	-0.0%
RMNI	C	-0.0%
EXFY	B	-0.0%
SCWX	B	-0.0%
CRNC	C	-0.0%
LAW	D	-0.0%
ONTF	C	-0.0%
RXT	C	-0.0%
MX	F	-0.0%
TCX	F	-0.0%
TLS	F	-0.0%

VGT: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Semiconductor Equipment & Materials Communication Equipment Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Telecom Services Capital Markets Business Services Computer Systems Internet Content & Information Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution