FBUF vs. WRND ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to IQ Global Equity R&D Leaders ETF (WRND)

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

WRND

IQ Global Equity R&D Leaders ETF

WRND Description

IQ Global Equity R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the IQ Global Equity R&D Leaders Index, by using full replication technique. IQ Global Equity R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

1,357

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	WRND
30 Days	3.10%	-1.90%
60 Days	4.70%	-1.83%
90 Days	6.08%	-1.88%
12 Months		18.15%

47 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in WRND	Overlap
AAPL	C	7.34%	3.25%	3.25%
ABBV	D	0.91%	0.17%	0.17%
ABBV	D	0.91%	0.68%	0.68%
ABT	B	0.63%	0.3%	0.3%
ADBE	C	0.94%	0.39%	0.39%
AMAT	F	0.67%	0.3%	0.3%
AMGN	D	0.25%	0.47%	0.25%
AMZN	C	3.84%	6.24%	3.84%
AVGO	D	1.62%	0.86%	0.86%
BDX	F	0.58%	0.12%	0.12%
BIIB	F	0.21%	0.17%	0.17%
BMY	B	0.74%	1.17%	0.74%
CAT	B	0.53%	0.24%	0.24%
CRM	B	1.16%	0.66%	0.66%
CSCO	B	0.8%	0.93%	0.8%
DASH	A	0.11%	0.14%	0.11%
F	C	0.33%	0.89%	0.33%
GE	D	0.48%	0.18%	0.18%
GILD	C	0.74%	0.64%	0.64%
GOOGL	C	2.04%	5.25%	2.04%
INCY	C	0.34%	0.29%	0.29%
INTU	C	0.12%	0.3%	0.12%
JNJ	D	0.73%	1.48%	0.73%
KLAC	D	0.61%	0.11%	0.11%
LLY	F	0.76%	0.85%	0.76%
LMT	D	0.71%	0.15%	0.15%
LRCX	F	0.24%	0.18%	0.18%
META	D	2.89%	4.08%	2.89%
MMM	D	0.19%	0.16%	0.16%
MRK	F	0.96%	1.59%	0.96%
MSFT	F	5.66%	2.97%	2.97%
MU	D	0.5%	0.38%	0.38%
NFLX	A	1.28%	0.35%	0.35%
NOC	D	0.6%	0.12%	0.12%
NOW	A	0.5%	0.26%	0.26%
NVDA	C	7.37%	1.34%	1.34%
ORCL	B	0.04%	1.05%	0.04%
PFE	D	0.41%	0.94%	0.41%
PG	A	0.8%	0.21%	0.21%
PYPL	B	0.72%	0.34%	0.34%
QCOM	F	0.85%	0.9%	0.85%
RTX	C	0.28%	0.3%	0.28%
SQ	B	0.6%	0.39%	0.39%
SYK	C	0.24%	0.15%	0.15%
TMO	F	0.38%	0.12%	0.12%
TSLA	B	1.27%	0.67%	0.67%
UBER	D	0.24%	0.31%	0.24%

FBUF Overweight 109 Positions Relative to WRND

Symbol	Grade	Weight
BRK.A	B	2.2%
JPM	A	1.93%
GOOG	C	1.89%
XOM	B	1.56%
MA	C	1.36%
HD	A	1.32%
BAC	A	1.18%
PM	B	0.94%
CMCSA	B	0.84%
WMT	A	0.82%
NEE	D	0.82%
SCHW	B	0.79%
UNP	C	0.75%
TJX	A	0.72%
C	A	0.72%
T	A	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%
UNH	C	0.57%
CL	D	0.55%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
TXT	D	0.5%
CSX	B	0.49%
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%
HWM	A	0.38%
ALLE	D	0.38%
PCAR	B	0.37%
NUE	C	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
PPG	F	0.34%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
COST	B	0.3%
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%
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%
FTNT	C	0.2%
PEP	F	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%
GEN	B	0.13%
KR	B	0.12%
BK	A	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%
TWLO	A	0.09%
NRG	B	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
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 65 Positions Relative to WRND

Symbol	Grade	Weight
INTC	D	-1.97%
GM	B	-1.2%
NVS	D	-0.96%
BABA	D	-0.95%
VRTX	F	-0.84%
TM	D	-0.74%
IBM	C	-0.71%
SONY	B	-0.66%
STLA	F	-0.66%
HMC	F	-0.65%
AMD	F	-0.57%
BIDU	F	-0.39%
BA	F	-0.36%
TEAM	A	-0.34%
EA	A	-0.3%
REGN	F	-0.29%
MDT	D	-0.28%
WDAY	B	-0.28%
MRNA	F	-0.27%
HPE	B	-0.27%
TCOM	B	-0.27%
NXPI	D	-0.24%
SHOP	B	-0.24%
MRVL	B	-0.24%
DE	A	-0.24%
SPOT	B	-0.22%
PANW	C	-0.22%
LI	F	-0.22%
SNPS	B	-0.22%
MELI	D	-0.21%
TXN	C	-0.21%
BGNE	D	-0.2%
SNOW	C	-0.19%
HPQ	B	-0.19%
CMI	A	-0.19%
WDC	D	-0.19%
ABNB	C	-0.19%
NIO	F	-0.19%
HON	B	-0.18%
EXPE	B	-0.18%
RIVN	F	-0.17%
BSX	B	-0.17%
ADSK	A	-0.17%
CDNS	B	-0.17%
EBAY	D	-0.16%
RBLX	C	-0.16%
ACN	C	-0.15%
ADI	D	-0.15%
ILMN	D	-0.14%
DHR	F	-0.14%
CTVA	C	-0.14%
GLW	B	-0.12%
DDOG	A	-0.12%
EW	C	-0.12%
ISRG	A	-0.12%
GEHC	F	-0.12%
NTAP	C	-0.11%
LPL	F	-0.11%
JNPR	F	-0.11%
PINS	D	-0.11%
UL	D	-0.11%
ALNY	D	-0.1%
APTV	D	-0.1%
MCHP	D	-0.09%
LCID	F	-0.07%