FDMO vs. REW ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to ProShares UltraShort Technology (REW)

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

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.26

Average Daily Volume

16,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	REW
30 Days	6.00%	-4.57%
60 Days	8.27%	-9.33%
90 Days	10.44%	-8.88%
12 Months	42.98%	-39.43%

15 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in REW	Overlap
AAPL	C	6.8%	18.06%	6.8%
ANET	C	0.82%	0.18%	0.18%
AVGO	D	2.03%	1.82%	1.82%
EBAY	D	0.42%	0.41%	0.41%
FICO	B	0.86%	0.17%	0.17%
GDDY	A	0.78%	0.19%	0.19%
GOOGL	C	3.54%	5.25%	3.54%
LDOS	C	0.38%	0.2%	0.2%
LUMN	C	0.32%	0.2%	0.2%
META	D	2.39%	4.46%	2.39%
MPWR	F	0.56%	0.11%	0.11%
MSFT	F	6.21%	17.29%	6.21%
MSI	B	0.88%	0.45%	0.45%
NVDA	C	6.97%	2.26%	2.26%
TTD	B	0.32%	0.17%	0.17%

FDMO Overweight 107 Positions Relative to REW

Symbol	Grade	Weight
AMZN	C	3.76%
BRK.A	B	2.14%
TSLA	B	2.03%
JPM	A	1.88%
LLY	F	1.68%
PLTR	B	1.3%
APP	B	1.27%
BAC	A	1.21%
XOM	B	1.12%
COIN	C	1.09%
HD	A	1.08%
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%
AXP	A	0.9%
NFLX	A	0.88%
NTRA	B	0.87%
PGR	A	0.87%
WMT	A	0.86%
HOOD	B	0.83%
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%
UBER	D	0.67%
CVX	A	0.67%
EVR	B	0.67%
HIG	B	0.67%
RTX	C	0.66%
BKNG	A	0.66%
FIS	C	0.65%
TJX	A	0.61%
KO	D	0.61%
TT	A	0.59%
JXN	C	0.59%
PM	B	0.55%
CTAS	B	0.54%
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%
CVNA	B	0.38%
MO	A	0.37%
DUK	C	0.35%
CL	D	0.33%
VST	B	0.31%
WMB	A	0.3%
OKE	A	0.3%
SHW	A	0.29%
CEG	D	0.29%
KMI	A	0.28%
PEG	A	0.28%
KMB	D	0.28%
WELL	A	0.28%
AEP	D	0.28%
TRGP	B	0.27%
SPG	B	0.25%
FRPT	B	0.24%
NRG	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
ECL	D	0.23%
CBRE	B	0.21%
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 73 Positions Relative to REW

Symbol	Grade	Weight
GOOG	C	-5.24%
INTC	D	-3.85%
CSCO	B	-3.09%
ADBE	C	-2.51%
CRM	B	-2.4%
TXN	C	-1.83%
IBM	C	-1.82%
ORCL	B	-1.77%
QCOM	F	-1.63%
INTU	C	-1.09%
MU	D	-0.95%
NOW	A	-0.87%
AMAT	F	-0.86%
AMD	F	-0.84%
LRCX	F	-0.66%
ADI	D	-0.65%
ADSK	A	-0.63%
CTSH	B	-0.51%
HPQ	B	-0.48%
WDAY	B	-0.44%
KLAC	D	-0.42%
MCHP	D	-0.39%
PANW	C	-0.35%
SNPS	B	-0.34%
ANSS	B	-0.34%
VRSN	F	-0.33%
CDNS	B	-0.31%
SWKS	F	-0.31%
IAC	D	-0.3%
WDC	D	-0.3%
VEEV	C	-0.29%
HPE	B	-0.29%
CDW	F	-0.29%
MRVL	B	-0.28%
FTNT	C	-0.25%
AKAM	D	-0.23%
PAYC	B	-0.22%
TWLO	A	-0.22%
SNAP	C	-0.22%
SSNC	B	-0.21%
STX	D	-0.21%
OKTA	C	-0.21%
NTAP	C	-0.21%
GRMN	B	-0.21%
IT	C	-0.21%
RNG	B	-0.21%
QRVO	F	-0.2%
EPAM	C	-0.19%
TYL	B	-0.18%
BAH	F	-0.17%
TER	D	-0.17%
DOX	D	-0.15%
ON	D	-0.15%
DXC	B	-0.14%
GWRE	A	-0.14%
AZPN	A	-0.14%
OLED	D	-0.13%
DOCU	A	-0.13%
DELL	C	-0.12%
JNPR	F	-0.12%
FFIV	B	-0.12%
PTC	A	-0.12%
HUBS	A	-0.11%
DAY	B	-0.11%
ENTG	D	-0.11%
CIEN	B	-0.1%
CACI	D	-0.1%
XRX	F	-0.1%
LITE	B	-0.09%
SNX	C	-0.09%
Z	A	-0.09%
ETSY	D	-0.09%
MKSI	C	-0.09%