FDCF vs. FFLG ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.56

Average Daily Volume

6,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$25.03

Average Daily Volume

30,102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	FFLG
30 Days	3.02%	2.46%
60 Days	7.38%	5.66%
90 Days	9.05%	6.27%
12 Months	41.68%	40.11%

15 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in FFLG	Overlap
AAPL	C	2.43%	12.07%	2.43%
AMZN	C	5.62%	7.12%	5.62%
CDNS	B	2.28%	0.86%	0.86%
GOOGL	C	5.47%	2.48%	2.48%
META	D	3.08%	5.34%	3.08%
MSFT	F	1.37%	9.14%	1.37%
NFLX	A	2.08%	2.02%	2.02%
NVDA	C	5.66%	12.31%	5.66%
NXPI	D	1.09%	1.37%	1.09%
ON	D	0.69%	0.76%	0.69%
SE	B	4.91%	0.13%	0.13%
SNAP	C	3.02%	0.44%	0.44%
TMUS	B	4.48%	0.88%	0.88%
TSM	B	4.34%	1.96%	1.96%
UBER	D	2.47%	2.21%	2.21%

FDCF Overweight 20 Positions Relative to FFLG

Symbol	Grade	Weight
ANET	C	4.87%
AMT	D	4.68%
LBRDA	C	4.1%
PDD	F	2.9%
TWLO	A	2.78%
PINS	D	2.53%
CMCSA	B	2.2%
IOT	A	1.88%
SPOT	B	1.51%
BABA	D	1.41%
ZM	B	1.39%
NOW	A	1.35%
PI	D	1.3%
DOCU	A	1.11%
DY	D	1.09%
SNPS	B	1.04%
GOGO	C	1.02%
NET	B	1.01%
BMBL	C	0.98%
SATS	D	0.71%

FDCF Underweight 76 Positions Relative to FFLG

Symbol	Grade	Weight
GOOG	C	-2.82%
MA	C	-1.95%
BSX	B	-1.72%
LOW	D	-1.57%
LLY	F	-1.46%
ASML	F	-1.3%
GE	D	-0.9%
MPWR	F	-0.85%
LULU	C	-0.8%
HUBS	A	-0.76%
CRM	B	-0.75%
MU	D	-0.73%
ALNY	D	-0.71%
MRVL	B	-0.7%
FLEX	A	-0.69%
DHR	F	-0.68%
MDB	C	-0.63%
TJX	A	-0.63%
UNH	C	-0.62%
REGN	F	-0.59%
BLD	D	-0.58%
CVNA	B	-0.57%
TMO	F	-0.57%
BLDR	D	-0.57%
SHOP	B	-0.55%
KDP	D	-0.55%
ICE	C	-0.54%
XOM	B	-0.53%
ABNB	C	-0.52%
MNST	C	-0.52%
IR	B	-0.51%
HWM	A	-0.5%
WMT	A	-0.49%
CMG	B	-0.49%
RH	B	-0.48%
EME	C	-0.46%
COIN	C	-0.45%
GEV	B	-0.44%
PODD	C	-0.42%
NTNX	A	-0.42%
CSGP	D	-0.39%
ROKU	D	-0.38%
FIX	A	-0.37%
BRKR	D	-0.36%
FSLR	F	-0.33%
DPZ	C	-0.33%
HQY	B	-0.33%
FLYW	C	-0.32%
VMC	B	-0.32%
SQ	B	-0.31%
AVGO	D	-0.3%
EXAS	D	-0.3%
NVO	D	-0.28%
ARGX	A	-0.27%
HOOD	B	-0.26%
PM	B	-0.24%
PCVX	D	-0.24%
TEVA	D	-0.24%
DKS	C	-0.23%
ITCI	C	-0.22%
TMDX	F	-0.21%
ATI	D	-0.19%
RRC	B	-0.19%
AZN	D	-0.18%
LYFT	C	-0.18%
IONS	F	-0.16%
NUVL	D	-0.16%
RIVN	F	-0.14%
MRNA	F	-0.13%
RDDT	B	-0.12%
HOLX	D	-0.12%
ROIV	C	-0.1%
IDYA	F	-0.09%
LEGN	F	-0.07%
TGT	F	-0.07%
W	F	-0.03%