FDFF vs. FAS ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Direxion Financial Bull 3X Shares (FAS)

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance 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

$37.70

Average Daily Volume

2,380

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FAS

Direxion Financial Bull 3X Shares

FAS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000Â® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000Â® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000Â® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$170.21

Average Daily Volume

585,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	FAS
30 Days	9.01%	17.59%
60 Days	14.00%	29.98%
90 Days	16.82%	38.50%
12 Months	43.70%	152.23%

9 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in FAS	Overlap
BLK	B	5.78%	1.44%	1.44%
CBOE	C	1.47%	0.21%	0.21%
COF	C	5.03%	0.69%	0.69%
FI	A	1.83%	1.2%	1.2%
ICE	C	2.9%	0.89%	0.89%
MA	B	5.06%	4.24%	4.24%
MKTX	D	1.16%	0.1%	0.1%
MSCI	C	1.06%	0.47%	0.47%
V	A	5.36%	5.09%	5.09%

FDFF Overweight 24 Positions Relative to FAS

Symbol	Grade	Weight
APO	B	5.71%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
TOST	B	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	C	2.0%
TW	A	1.48%
NRDS	C	1.38%
ARES	A	1.34%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	C	0.96%
AMH	C	0.9%
FOUR	A	0.89%
ALLY	C	0.85%
MELI	C	0.81%
RPAY	D	0.68%
UWMC	D	0.59%

FDFF Underweight 63 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.47%
JPM	A	-6.8%
BAC	A	-3.06%
WFC	A	-2.45%
GS	A	-1.84%
MS	A	-1.63%
SPGI	C	-1.62%
AXP	A	-1.6%
PGR	A	-1.49%
C	A	-1.29%
BX	A	-1.29%
SCHW	B	-1.18%
MMC	B	-1.08%
CB	C	-1.07%
KKR	A	-1.0%
PYPL	B	-0.87%
PNC	B	-0.82%
AON	A	-0.81%
CME	B	-0.8%
USB	A	-0.78%
MCO	B	-0.75%
AJG	A	-0.64%
TFC	A	-0.61%
TRV	B	-0.58%
BK	A	-0.57%
AMP	A	-0.55%
AFL	B	-0.55%
ALL	A	-0.51%
FIS	C	-0.48%
MET	A	-0.48%
AIG	B	-0.48%
PRU	A	-0.44%
DFS	B	-0.43%
ACGL	C	-0.37%
MTB	A	-0.35%
HIG	B	-0.34%
WTW	B	-0.32%
FITB	B	-0.32%
NDAQ	A	-0.32%
GPN	B	-0.29%
RJF	A	-0.29%
STT	B	-0.28%
BRO	B	-0.26%
TROW	B	-0.26%
HBAN	A	-0.25%
SYF	B	-0.25%
CPAY	A	-0.25%
RF	A	-0.24%
CINF	A	-0.23%
CFG	B	-0.21%
NTRS	A	-0.21%
FDS	B	-0.19%
KEY	B	-0.18%
WRB	A	-0.18%
PFG	D	-0.18%
EG	C	-0.16%
L	A	-0.15%
JKHY	D	-0.12%
AIZ	A	-0.11%
GL	C	-0.1%
ERIE	D	-0.1%
IVZ	B	-0.08%
BEN	C	-0.07%