FDFF vs. SIMS ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to SPDR S&P Kensho Intelligent Structures ETF (SIMS)

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

$38.02

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SIMS

SPDR S&P Kensho Intelligent Structures ETF

SIMS Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Intelligent Infrastructure Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Intelligent Infrastructure sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.88

Average Daily Volume

1,222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	SIMS
30 Days	7.85%	0.57%
60 Days	13.79%	5.21%
90 Days	18.77%	6.43%
12 Months	43.70%	14.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in SIMS	Overlap

FDFF Overweight 33 Positions Relative to SIMS

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
V	A	5.36%
MA	B	5.06%
COF	B	5.03%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
ICE	D	2.9%
TOST	A	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	B	2.0%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	D	1.38%
ARES	A	1.34%
MKTX	D	1.16%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
MSCI	C	1.06%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	D	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 41 Positions Relative to SIMS

Symbol	Grade	Weight
MWA	B	-3.62%
PNR	B	-3.52%
GNRC	B	-3.47%
WTTR	A	-3.34%
REZI	A	-3.31%
JCI	B	-3.18%
CARR	D	-3.09%
BMI	B	-3.08%
ITRI	B	-2.88%
VLTO	C	-2.71%
ADTN	B	-2.66%
TTEK	F	-2.55%
ALRM	C	-2.51%
XYL	D	-2.3%
BE	A	-2.29%
SLAB	F	-2.28%
ARLO	C	-2.23%
ROKU	D	-2.14%
PSN	D	-2.12%
AYI	B	-2.08%
SHLS	F	-1.96%
ERII	D	-1.94%
GTLS	A	-1.88%
NRG	B	-1.85%
AME	A	-1.81%
HON	B	-1.8%
CHPT	F	-1.64%
ROP	C	-1.64%
AY	A	-1.63%
NVEE	F	-1.57%
BIDU	D	-1.45%
ON	F	-1.43%
GNTX	F	-1.42%
CNM	C	-1.34%
BP	F	-1.33%
BLNK	F	-1.25%
CWCO	C	-1.03%
MVIS	F	-0.99%
STM	F	-0.94%
STEM	F	-0.65%
REKR	F	-0.47%