FDCF vs. WFH ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Direxion Work From Home ETF (WFH)

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

$38.02

Average Daily Volume

3,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WFH

Direxion Work From Home ETF

WFH Description

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

Grade (RS Rating)

Last Trade

$59.66

Average Daily Volume

1,002

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	WFH
30 Days	1.94%	3.70%
60 Days	9.70%	5.59%
90 Days	15.83%	14.38%
12 Months	50.87%	29.42%

8 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in WFH	Overlap
AMZN	A	5.16%	2.55%	2.55%
DOCU	A	0.96%	2.75%	0.96%
GOOGL	A	5.43%	2.55%	2.55%
META	B	3.2%	2.64%	2.64%
MSFT	D	1.42%	2.42%	1.42%
NET	B	0.98%	2.64%	0.98%
NOW	A	1.25%	2.61%	1.25%
ZM	A	1.25%	2.51%	1.25%

FDCF Overweight 27 Positions Relative to WFH

Symbol	Grade	Weight
NVDA	B	5.49%
AMT	D	5.21%
ANET	B	4.98%
TSM	B	4.61%
SE	B	4.54%
TMUS	B	4.22%
LBRDA	A	3.93%
SNAP	B	3.74%
PDD	C	3.15%
PINS	C	2.81%
UBER	C	2.81%
AAPL	C	2.53%
CDNS	C	2.2%
CMCSA	A	2.15%
TWLO	A	2.0%
NFLX	A	1.92%
IOT	C	1.79%
BABA	B	1.54%
PI	C	1.47%
NXPI	C	1.31%
SPOT	A	1.3%
DY	C	1.03%
SNPS	B	1.02%
GOGO	F	0.88%
BMBL	C	0.86%
SATS	B	0.85%
ON	D	0.76%

FDCF Underweight 32 Positions Relative to WFH

Symbol	Grade	Weight
ORCL	B	-2.84%
ATUS	A	-2.83%
RNG	A	-2.79%
PEGA	A	-2.76%
CRM	A	-2.74%
SMAR	A	-2.73%
CRWD	C	-2.72%
ZS	C	-2.72%
DDOG	B	-2.7%
TEAM	A	-2.69%
MRVL	A	-2.68%
AVGO	B	-2.63%
S	B	-2.62%
MOMO	A	-2.61%
DOCN	B	-2.61%
HUBS	B	-2.6%
CSCO	B	-2.56%
PANW	B	-2.38%
SNX	C	-2.36%
FTNT	B	-2.35%
NTCT	C	-2.34%
CYBR	C	-2.34%
IBM	C	-2.3%
VZ	D	-2.28%
NTAP	D	-2.28%
YY	D	-2.26%
BOX	D	-2.24%
OKTA	D	-2.2%
VRNS	D	-2.18%
WDAY	F	-2.11%
ADBE	F	-1.94%
XRX	F	-1.73%