FDTX vs. CLSE ETF Comparison

Comparison of Fidelity Disruptive Technology ETF (FDTX) to Convergence Long/Short Equity ETF (CLSE)

FDTX

Fidelity Disruptive Technology ETF

FDTX Description

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

$35.49

Average Daily Volume

16,607

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.64

Average Daily Volume

60,008

Number of Holdings ^*

335

* may have additional holdings in another (foreign) market

Performance

Period	FDTX	CLSE
30 Days	7.29%	4.42%
60 Days	18.62%	13.44%
90 Days	16.82%	13.22%
12 Months	43.80%	43.29%

12 Overlapping Holdings

Symbol	Grade	Weight in FDTX	Weight in CLSE	Overlap
AAPL	B	1.39%	1.42%	1.39%
ABNB	C	0.57%	-0.3%	-0.3%
ADBE	F	3.47%	-0.54%	-0.54%
AMZN	A	3.87%	2.27%	2.27%
CFLT	C	1.01%	-0.53%	-0.53%
GOOG	B	3.75%	0.5%	0.5%
MDB	D	1.02%	-0.31%	-0.31%
META	B	4.86%	3.51%	3.51%
MU	C	1.37%	2.4%	1.37%
NFLX	A	4.06%	0.56%	0.56%
NVDA	A	8.15%	4.35%	4.35%
ON	C	1.92%	-0.4%	-0.4%

FDTX Overweight 24 Positions Relative to CLSE

Symbol	Grade	Weight
TSM	B	5.83%
CRM	B	4.98%
MSFT	C	4.81%
MRVL	A	3.95%
SE	C	2.33%
PANW	A	2.26%
HUBS	B	2.23%
DDOG	B	2.17%
SHOP	B	2.08%
SNPS	B	2.05%
INTU	A	1.99%
WDAY	C	1.71%
TEAM	B	1.25%
PDD	C	1.24%
ACN	B	1.2%
CRWD	C	1.13%
TMUS	B	1.11%
UBER	C	1.09%
SNAP	C	1.0%
SQ	C	0.96%
SNOW	C	0.94%
SPOT	A	0.93%
GLBE	B	0.59%
SEDG	F	0.43%

FDTX Underweight 323 Positions Relative to CLSE

Symbol	Grade	Weight
GOOGL	B	-3.28%
AVGO	B	-2.45%
ANET	A	-2.0%
HPE	B	-1.9%
QCOM	C	-1.84%
APP	B	-1.82%
WMT	B	-1.82%
CVLT	A	-1.75%
CVNA	B	-1.67%
NTAP	C	-1.63%
ORCL	A	-1.37%
GDDY	A	-1.34%
IDCC	A	-1.33%
BMY	B	-1.31%
ACIW	A	-1.3%
IBM	D	-1.21%
YOU	D	-1.17%
T	C	-1.15%
JHG	B	-1.14%
PYPL	B	-1.13%
HD	B	-1.13%
DOCU	A	-1.12%
ABBV	B	-1.1%
NTRS	B	-1.08%
NTNX	B	-1.08%
SNEX	B	-1.05%
GILD	A	-1.0%
AMG	C	-1.0%
SYF	B	-1.0%
ALNY	C	-0.94%
JNJ	D	-0.91%
CARG	B	-0.9%
SEIC	B	-0.89%
AMRX	C	-0.89%
HALO	C	-0.87%
PPC	B	-0.84%
APH	A	-0.82%
BFH	B	-0.82%
MLI	B	-0.81%
MPWR	F	-0.79%
AVT	B	-0.79%
MO	B	-0.78%
THC	B	-0.78%
BAC	B	-0.77%
UHS	D	-0.75%
FITB	B	-0.75%
DVA	D	-0.74%
COR	B	-0.73%
NRG	A	-0.72%
LNG	A	-0.72%
PG	F	-0.7%
GVA	B	-0.7%
WFC	B	-0.7%
EME	A	-0.67%
PRIM	A	-0.67%
RF	B	-0.66%
CAH	A	-0.65%
IESC	B	-0.65%
TSLA	A	-0.64%
XOM	B	-0.64%
CEIX	A	-0.64%
ALSN	A	-0.63%
FLR	B	-0.63%
MWA	B	-0.62%
UMBF	B	-0.62%
JPM	B	-0.62%
CHRW	B	-0.62%
LDOS	B	-0.61%
JXN	B	-0.61%
UNP	D	-0.61%
STRL	A	-0.6%
CCL	B	-0.6%
EXP	B	-0.59%
CVS	F	-0.59%
CACI	B	-0.58%
MTZ	B	-0.58%
TSN	D	-0.57%
CPNG	C	-0.57%
EXPE	A	-0.56%
AVA	D	-0.56%
FTDR	B	-0.56%
PM	C	-0.55%
MET	B	-0.55%
GM	A	-0.55%
VRT	B	-0.55%
RGA	C	-0.54%
PNC	A	-0.54%
SLVM	B	-0.53%
IIPR	D	-0.5%
FTI	B	-0.5%
PATK	D	-0.49%
RGLD	C	-0.49%
PNW	C	-0.48%
MDT	C	-0.48%
CNA	D	-0.48%
SCCO	B	-0.47%
VLO	D	-0.47%
CTRE	C	-0.47%
PGR	B	-0.45%
ALL	C	-0.42%
MPC	F	-0.41%
SO	D	-0.39%
LPX	B	-0.39%
BKNG	B	-0.37%
OUT	C	-0.37%
SPG	B	-0.37%
MUSA	C	-0.36%
EQR	D	-0.36%
NEM	D	-0.35%
J	C	-0.35%
R	B	-0.35%
CNC	F	-0.34%
LAMR	B	-0.34%
TOL	B	-0.34%
VST	B	-0.33%
UI	C	-0.33%
JLL	C	-0.31%
GLW	B	-0.31%
PLTR	B	-0.28%
IBP	F	-0.28%
ATGE	A	-0.27%
NVR	D	-0.26%
PTON	B	-0.25%
ANF	F	-0.24%
OGN	F	-0.23%
NEE	D	-0.22%
EEFT	C	-0.22%
FI	B	-0.21%
MRK	F	-0.2%
ABM	B	-0.19%
MATX	B	-0.18%
BCO	D	-0.17%
NTRA	C	-0.16%
NSA	D	-0.16%
ACT	D	-0.16%
KR	B	-0.16%
FMC	D	-0.14%
FFIV	B	-0.13%
OSCR	F	-0.13%
VCYT	B	-0.12%
KMB	F	-0.11%
ILMN	A	-0.1%
LNTH	D	-0.06%
QQQ	A	-0.0%
LRCX	D	-0.0%
CAR	D	--0.05%
HGV	C	--0.06%
FLYW	C	--0.07%
VAC	B	--0.07%
NXST	B	--0.08%
RYN	C	--0.08%
AGO	B	--0.08%
SJM	F	--0.09%
HUN	F	--0.09%
MCW	B	--0.09%
COIN	B	--0.09%
TMHC	A	--0.09%
HHH	B	--0.09%
TROX	F	--0.1%
WOLF	F	--0.1%
ABG	B	--0.1%
HBI	B	--0.1%
THO	C	--0.1%
NARI	C	--0.11%
KLIC	C	--0.11%
AVAV	B	--0.11%
APD	B	--0.11%
ACVA	C	--0.11%
PCH	D	--0.11%
PENN	C	--0.11%
SBUX	C	--0.11%
MASI	B	--0.12%
TXG	F	--0.12%
NTLA	F	--0.12%
VMC	B	--0.12%
CHDN	B	--0.12%
VNO	A	--0.13%
ALIT	D	--0.13%
EQIX	B	--0.13%
JBLU	F	--0.14%
FDS	B	--0.14%
BIO	B	--0.14%
BEAM	D	--0.14%
DAY	A	--0.14%
MKL	B	--0.14%
PYCR	C	--0.14%
DRVN	A	--0.14%
WBS	B	--0.14%
AES	F	--0.15%
OKE	A	--0.15%
AA	B	--0.15%
EXR	D	--0.15%
ALB	C	--0.16%
LGIH	D	--0.16%
CC	C	--0.16%
KNSL	D	--0.17%
MTN	F	--0.17%
RNR	C	--0.17%
AIR	F	--0.18%
LKQ	F	--0.18%
CZR	D	--0.18%
ALGM	D	--0.18%
BIRK	F	--0.18%
EL	F	--0.18%
AJG	C	--0.18%
EW	F	--0.18%
BE	D	--0.18%
KRG	B	--0.18%
WAL	B	--0.19%
PRCT	B	--0.19%
UHAL	B	--0.19%
GTLS	B	--0.19%
TEX	C	--0.19%
ENOV	C	--0.19%
COTY	F	--0.19%
KROS	B	--0.19%
CNH	B	--0.19%
GATX	B	--0.2%
CINF	B	--0.2%
TFC	B	--0.2%
OSK	B	--0.2%
AGCO	D	--0.2%
COLD	F	--0.2%
TTD	A	--0.2%
XYL	F	--0.2%
CGON	C	--0.2%
XPO	B	--0.21%
TREX	C	--0.21%
UEC	B	--0.21%
BRKR	F	--0.21%
C	B	--0.21%
SRE	A	--0.21%
COLB	B	--0.22%
PNFP	B	--0.22%
RBA	A	--0.22%
SAIA	C	--0.22%
EXAS	F	--0.22%
ATO	B	--0.22%
WTM	A	--0.22%
AEIS	B	--0.23%
FCNCA	B	--0.23%
AESI	D	--0.23%
SITE	C	--0.24%
AL	B	--0.24%
SUM	B	--0.24%
ESTC	C	--0.24%
WTRG	C	--0.24%
ELF	D	--0.24%
GPOR	C	--0.24%
ARWR	D	--0.24%
BANC	B	--0.24%
VAL	F	--0.25%
GT	C	--0.25%
SOFI	B	--0.25%
ROIV	D	--0.25%
AWK	D	--0.26%
HSY	F	--0.26%
LYV	B	--0.26%
SW	B	--0.26%
PSA	D	--0.26%
MARA	C	--0.27%
FOUR	B	--0.27%
LW	C	--0.27%
ENPH	F	--0.27%
EVTC	D	--0.28%
RIOT	C	--0.28%
PTEN	D	--0.28%
MSCI	C	--0.28%
MNST	B	--0.29%
EQT	B	--0.29%
NEOG	C	--0.29%
CELH	F	--0.3%
INSP	D	--0.31%
GTLB	C	--0.31%
APLS	F	--0.31%
COHR	A	--0.32%
NDAQ	B	--0.32%
BEN	C	--0.33%
AFRM	B	--0.33%
APO	B	--0.34%
PINS	C	--0.34%
AUR	C	--0.35%
BILL	C	--0.35%
VVV	B	--0.35%
WBD	C	--0.36%
MKTX	C	--0.36%
CCOI	B	--0.37%
ZBRA	B	--0.37%
BBIO	F	--0.38%
LPLA	B	--0.38%
CACC	D	--0.38%
RIVN	F	--0.39%
PATH	D	--0.41%
DLTR	F	--0.42%
SMCI	F	--0.43%
CYTK	D	--0.43%
BA	F	--0.44%
DG	F	--0.44%
MCHP	F	--0.45%
MRNA	F	--0.46%
DV	D	--0.47%
LBRDK	B	--0.47%
TTWO	A	--0.49%
CGNX	C	--0.49%
RBLX	A	--0.49%
U	C	--0.5%
GE	D	--0.5%
SATS	C	--0.51%
FIVN	D	--0.51%
ZI	C	--0.52%
RH	B	--0.52%
DXCM	F	--0.53%
BRZE	D	--0.54%
POOL	B	--0.55%
DELL	C	--0.55%
FND	F	--0.56%
FIVE	D	--0.58%
WDC	C	--0.71%
LITE	A	--0.75%
LSCC	C	--0.87%
TXN	A	--0.9%
GFS	D	--0.91%
INTC	C	--1.01%