FCOM vs. OUSA ETF Comparison

Comparison of Fidelity MSCI Telecommunication Services Index ETF (FCOM) to O'Shares FTSE U.S. Quality Dividend ETF (OUSA)

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.90

Average Daily Volume

78,923

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$54.59

Average Daily Volume

33,026

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCOM	OUSA
30 Days	5.29%	1.26%
60 Days	7.10%	1.99%
90 Days	9.75%	4.58%
12 Months	35.81%	25.26%

6 Overlapping Holdings

Symbol	Grade	Weight in FCOM	Weight in OUSA	Overlap
CMCSA	B	4.15%	3.75%	3.75%
EA	A	1.57%	0.56%	0.56%
GOOGL	C	12.65%	3.96%	3.96%
T	A	4.11%	0.77%	0.77%
TMUS	B	3.35%	1.06%	1.06%
VZ	C	4.13%	0.74%	0.74%

FCOM Overweight 87 Positions Relative to OUSA

Symbol	Grade	Weight
META	D	21.65%
GOOG	C	9.85%
NFLX	A	5.0%
DIS	B	4.36%
TTD	B	1.8%
CHTR	C	1.49%
TTWO	A	1.37%
LYV	A	1.34%
WBD	C	1.27%
RBLX	C	1.25%
OMC	C	1.03%
FOXA	B	0.85%
NWSA	B	0.85%
PINS	D	0.84%
LBRDK	C	0.81%
IPG	D	0.77%
ROKU	D	0.74%
TKO	B	0.73%
SNAP	C	0.71%
NYT	C	0.65%
LUMN	C	0.65%
MTCH	D	0.63%
FYBR	D	0.52%
FOX	A	0.48%
PARA	C	0.45%
EDR	A	0.42%
NXST	C	0.41%
IAC	D	0.28%
CNK	B	0.28%
CCOI	B	0.28%
MSGS	A	0.27%
RDDT	B	0.26%
IRDM	D	0.25%
TDS	B	0.25%
SATS	D	0.24%
CARG	C	0.24%
TGNA	B	0.24%
ZI	D	0.2%
ZD	C	0.2%
YELP	C	0.18%
MGNI	A	0.16%
NPAB	B	0.16%
SIRI	C	0.15%
DJT	C	0.15%
CABO	C	0.14%
LBRDA	C	0.12%
TRIP	F	0.12%
GSAT	C	0.11%
CARS	B	0.1%
AMC	C	0.1%
QNST	B	0.09%
IMAX	B	0.09%
VMEO	B	0.08%
USM	B	0.08%
MSGE	F	0.08%
IDT	B	0.07%
LGF.A	C	0.07%
LILAK	D	0.07%
STGW	B	0.06%
GCI	D	0.06%
SSTK	F	0.06%
IAS	C	0.06%
BMBL	C	0.06%
TTGT	C	0.06%
SHEN	F	0.05%
PUBM	C	0.05%
SCHL	D	0.05%
ZIP	F	0.05%
FUBO	F	0.04%
EVER	F	0.04%
IBTA	C	0.04%
THRY	F	0.04%
GOGO	C	0.04%
ATUS	C	0.04%
MCS	B	0.04%
CNSL	C	0.03%
BOC	C	0.03%
ADV	D	0.03%
ATEX	D	0.03%
CCO	C	0.03%
GTN	F	0.03%
LGF.A	C	0.03%
MAX	F	0.03%
LILA	D	0.02%
EB	C	0.02%
AMCX	C	0.02%
ANGI	D	0.01%

FCOM Underweight 93 Positions Relative to OUSA

Symbol	Grade	Weight
HD	A	-5.35%
V	A	-5.33%
AAPL	C	-4.96%
MSFT	F	-4.78%
JNJ	D	-4.26%
MRK	F	-3.95%
MA	C	-3.95%
MCD	D	-3.36%
CSCO	B	-3.07%
ACN	C	-2.77%
PG	A	-2.62%
TXN	C	-2.36%
MMC	B	-2.2%
UNH	C	-1.86%
ABT	B	-1.49%
LOW	D	-1.48%
TJX	A	-1.39%
ITW	B	-1.34%
CTAS	B	-1.11%
LMT	D	-1.07%
LLY	F	-0.91%
ABBV	D	-0.87%
FAST	B	-0.86%
COST	B	-0.82%
PEP	F	-0.79%
ADP	B	-0.76%
KO	D	-0.76%
UNP	C	-0.75%
HON	B	-0.72%
TROW	B	-0.71%
CB	C	-0.7%
SBUX	A	-0.69%
ORCL	B	-0.68%
UPS	C	-0.67%
MO	A	-0.66%
MCO	B	-0.63%
QCOM	F	-0.62%
CAT	B	-0.61%
PM	B	-0.61%
YUM	B	-0.57%
IBM	C	-0.56%
BLK	C	-0.55%
MSCI	C	-0.53%
PAYX	C	-0.53%
GRMN	B	-0.52%
OTIS	C	-0.5%
WMT	A	-0.47%
JPM	A	-0.47%
ZTS	D	-0.47%
SPGI	C	-0.43%
APH	A	-0.42%
AVGO	D	-0.41%
PCAR	B	-0.41%
CTSH	B	-0.4%
WM	A	-0.39%
AON	A	-0.39%
NKE	D	-0.39%
MSI	B	-0.37%
CL	D	-0.34%
EBAY	D	-0.33%
ETN	A	-0.32%
TSCO	D	-0.31%
GD	F	-0.31%
CBOE	B	-0.31%
SYK	C	-0.31%
AMGN	D	-0.3%
GWW	B	-0.29%
MDT	D	-0.29%
CSX	B	-0.29%
SNA	A	-0.27%
TT	A	-0.25%
MDLZ	F	-0.23%
HSY	F	-0.22%
KMB	D	-0.21%
DE	A	-0.21%
ELV	F	-0.19%
GILD	C	-0.19%
IEX	B	-0.17%
CMI	A	-0.16%
GGG	B	-0.16%
EXPD	D	-0.16%
A	D	-0.16%
INTU	C	-0.16%
AME	A	-0.15%
VRSK	A	-0.15%
ADI	D	-0.14%
TMO	F	-0.13%
NOC	D	-0.13%
GIS	D	-0.11%
TGT	F	-0.11%
KR	B	-0.08%
KVUE	A	-0.08%
CHD	B	-0.06%