FDMO vs. NXTI ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to Simplify Next Intangible Core Index ETF (NXTI)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	NXTI
30 Days	6.00%	5.73%
60 Days	8.27%	7.47%
90 Days	10.44%	10.93%
12 Months	42.98%

31 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in NXTI	Overlap
APP	B	1.27%	0.54%	0.54%
AXP	A	0.9%	0.77%	0.77%
BKNG	A	0.66%	0.88%	0.66%
BRK.A	B	2.14%	4.18%	2.14%
CBRE	B	0.21%	0.15%	0.15%
CL	D	0.33%	0.55%	0.33%
CTAS	B	0.54%	0.55%	0.54%
CVNA	B	0.38%	0.19%	0.19%
EBAY	D	0.42%	0.33%	0.33%
ECL	D	0.23%	0.35%	0.23%
FICO	B	0.86%	0.57%	0.57%
GDDY	A	0.78%	0.31%	0.31%
HD	A	1.08%	1.6%	1.08%
HIG	B	0.67%	0.13%	0.13%
KMB	D	0.28%	0.31%	0.28%
KO	D	0.61%	1.23%	0.61%
META	D	2.39%	5.28%	2.39%
MSI	B	0.88%	0.91%	0.88%
NRG	B	0.24%	0.17%	0.17%
NTRA	B	0.87%	0.45%	0.45%
PGR	A	0.87%	0.56%	0.56%
PLTR	B	1.3%	0.99%	0.99%
PM	B	0.55%	0.9%	0.55%
SHW	A	0.29%	0.36%	0.29%
TRGP	B	0.27%	0.34%	0.27%
TT	A	0.59%	0.52%	0.52%
UBER	D	0.67%	1.04%	0.67%
VST	B	0.31%	0.32%	0.31%
WMB	A	0.3%	0.59%	0.3%
WMT	A	0.86%	5.09%	0.86%
XOM	B	1.12%	3.43%	1.12%

FDMO Overweight 91 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	6.97%
AAPL	C	6.8%
MSFT	F	6.21%
AMZN	C	3.76%
GOOGL	C	3.54%
AVGO	D	2.03%
TSLA	B	2.03%
JPM	A	1.88%
LLY	F	1.68%
BAC	A	1.21%
COIN	C	1.09%
ABBV	D	1.08%
ISRG	A	1.06%
GS	A	0.99%
BSX	B	0.95%
DHR	F	0.92%
PG	A	0.92%
COST	B	0.92%
NFLX	A	0.88%
HOOD	B	0.83%
ANET	C	0.82%
KKR	A	0.8%
HCA	F	0.78%
QTWO	A	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
GE	D	0.74%
CAT	B	0.73%
RVMD	C	0.73%
SYF	B	0.72%
THC	D	0.72%
BK	A	0.7%
RNA	D	0.7%
CVX	A	0.67%
EVR	B	0.67%
RTX	C	0.66%
FIS	C	0.65%
TJX	A	0.61%
JXN	C	0.59%
MPWR	F	0.56%
HWM	A	0.52%
T	A	0.52%
CARR	D	0.51%
VRT	B	0.51%
LIN	D	0.51%
URI	B	0.5%
TDG	D	0.5%
GM	B	0.5%
RCL	A	0.48%
FIX	A	0.47%
NEE	D	0.47%
EME	C	0.47%
TMUS	B	0.45%
MLI	C	0.44%
ZETA	D	0.43%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
LDOS	C	0.38%
MO	A	0.37%
DUK	C	0.35%
TTD	B	0.32%
LUMN	C	0.32%
OKE	A	0.3%
CEG	D	0.29%
KMI	A	0.28%
PEG	A	0.28%
WELL	A	0.28%
AEP	D	0.28%
SPG	B	0.25%
FRPT	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
NEM	D	0.2%
DTM	B	0.2%
EXR	D	0.2%
IRM	D	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	A	0.17%
JLL	D	0.16%
CRS	A	0.16%
PKG	A	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 166 Positions Relative to NXTI

Symbol	Grade	Weight
MA	C	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	C	-2.16%
INTU	C	-2.08%
PANW	C	-1.5%
ALNY	D	-1.07%
IDXX	F	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
SNPS	B	-0.95%
SPOT	B	-0.93%
HON	B	-0.91%
CDNS	B	-0.87%
NKE	D	-0.82%
WDAY	B	-0.81%
UPS	C	-0.79%
FTNT	C	-0.77%
BX	A	-0.77%
AMAT	F	-0.74%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
TEAM	A	-0.61%
LOW	D	-0.59%
ABNB	C	-0.58%
DDOG	A	-0.54%
LRCX	F	-0.53%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
CTSH	B	-0.47%
MMM	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
HPQ	B	-0.45%
FDX	B	-0.44%
SRPT	D	-0.43%
MMC	B	-0.43%
DASH	A	-0.42%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
CI	F	-0.36%
ELV	F	-0.36%
HUBS	A	-0.34%
MPC	D	-0.33%
ZS	C	-0.33%
ED	D	-0.32%
PAYX	C	-0.32%
PEN	B	-0.32%
GWW	B	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
CDW	F	-0.3%
ITCI	C	-0.29%
CVS	D	-0.29%
NTAP	C	-0.29%
PINS	D	-0.29%
EXEL	B	-0.29%
IOT	A	-0.28%
A	D	-0.26%
STX	D	-0.26%
BKR	B	-0.25%
AJG	B	-0.25%
IT	C	-0.24%
AFL	B	-0.24%
RDDT	B	-0.24%
MDB	C	-0.24%
SNAP	C	-0.23%
VLTO	D	-0.23%
VMC	B	-0.23%
ZBRA	B	-0.23%
NWS	B	-0.22%
AMP	A	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
IONS	F	-0.22%
NTNX	A	-0.21%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
AIG	B	-0.2%
MANH	D	-0.19%
DT	C	-0.19%
INSP	D	-0.19%
ALL	A	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DOCU	A	-0.18%
DD	D	-0.18%
MTD	D	-0.18%
BBY	D	-0.18%
FFIV	B	-0.17%
KEYS	A	-0.17%
CACI	D	-0.16%
ULTA	F	-0.16%
OTIS	C	-0.16%
GWRE	A	-0.16%
SYY	B	-0.16%
JNPR	F	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
RARE	D	-0.15%
CORT	B	-0.15%
ILMN	D	-0.15%
HSY	F	-0.15%
ROL	B	-0.15%
BAH	F	-0.15%
LYV	A	-0.15%
DECK	A	-0.14%
ALKS	B	-0.14%
WAT	B	-0.14%
DUOL	A	-0.14%
WSM	B	-0.14%
EXPE	B	-0.14%
BURL	A	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
ACGL	D	-0.14%
CNC	D	-0.13%
CLX	B	-0.13%
DOV	A	-0.12%
AVY	D	-0.12%
EXPD	D	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
TER	D	-0.12%
APLS	D	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
BRO	B	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
RL	B	-0.11%
TSCO	D	-0.11%
NYT	C	-0.11%
LII	A	-0.11%
PCOR	B	-0.11%
DKNG	B	-0.1%
APPF	B	-0.1%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	D	-0.1%
DNLI	D	-0.1%
APTV	D	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
WING	D	-0.08%
DLB	B	-0.04%
LNW	D	-0.04%