FENY vs. TXS ETF Comparison

Comparison of Fidelity MSCI Energy Index ETF (FENY) to Texas Capital Texas Equity Index ETF (TXS)

FENY

Fidelity MSCI Energy Index ETF

FENY Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Energy Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Energy Index, which represents the performance of the energy sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Energy Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.95

Average Daily Volume

718,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.84

Average Daily Volume

2,919

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FENY	TXS
30 Days	9.64%	12.19%
60 Days	10.00%	11.01%
90 Days	9.42%	14.42%
12 Months	19.42%	43.77%

52 Overlapping Holdings

Symbol	Grade	Weight in FENY	Weight in TXS	Overlap
AESI	B	0.07%	0.04%	0.04%
APA	D	0.42%	0.12%	0.12%
AROC	B	0.2%	0.05%	0.05%
BKR	B	2.1%	0.61%	0.61%
BRY	F	0.04%	0.04%	0.04%
CHRD	D	0.42%	0.12%	0.12%
CHX	C	0.31%	0.05%	0.05%
COP	C	6.39%	1.95%	1.95%
CRGY	B	0.15%	0.06%	0.06%
CRK	B	0.1%	0.06%	0.06%
CTRA	B	0.94%	0.27%	0.27%
CVI	F	0.05%	0.04%	0.04%
DINO	D	0.35%	0.05%	0.05%
EE	A	0.06%	0.07%	0.06%
EGY	D	0.05%	0.04%	0.04%
EOG	A	3.78%	1.14%	1.14%
FANG	D	1.69%	0.47%	0.47%
GRNT	B	0.05%	0.05%	0.05%
HAL	C	1.3%	0.39%	0.39%
HESM	B	0.2%	0.05%	0.05%
HLX	B	0.1%	0.05%	0.05%
KMI	A	2.59%	1.89%	1.89%
KNTK	B	0.14%	0.09%	0.09%
LNG	B	2.39%	2.46%	2.39%
MGY	A	0.25%	0.07%	0.07%
MRO	B	0.83%	0.23%	0.23%
MTDR	B	0.36%	0.1%	0.1%
MUR	D	0.26%	0.07%	0.07%
NOV	C	0.33%	0.04%	0.04%
NR	B	0.05%	0.04%	0.04%
OII	B	0.16%	0.05%	0.05%
OXY	D	1.64%	0.51%	0.51%
PARR	D	0.07%	0.04%	0.04%
PR	B	0.41%	0.14%	0.14%
PSX	C	2.72%	0.32%	0.32%
PTEN	C	0.18%	0.05%	0.05%
PUMP	B	0.06%	0.05%	0.05%
RRC	B	0.42%	0.12%	0.12%
SLB	C	3.0%	0.92%	0.92%
TALO	C	0.11%	0.05%	0.05%
TDW	F	0.05%	0.04%	0.04%
TPL	A	1.33%	1.96%	1.33%
TRGP	B	1.98%	1.43%	1.43%
TTI	C	0.06%	0.06%	0.06%
UEC	B	0.18%	0.06%	0.06%
VLO	C	2.27%	0.26%	0.26%
VTOL	B	0.04%	0.05%	0.04%
WFRD	D	0.31%	0.09%	0.09%
WHD	B	0.24%	0.05%	0.05%
WTTR	B	0.1%	0.06%	0.06%
XOM	B	21.92%	3.28%	3.28%
XPRO	F	0.07%	0.06%	0.06%

FENY Overweight 46 Positions Relative to TXS

Symbol	Grade	Weight
CVX	A	13.78%
WMB	A	3.28%
OKE	A	3.05%
MPC	D	2.86%
HES	B	1.95%
DVN	F	1.22%
EQT	B	1.21%
FTI	A	0.62%
OVV	B	0.6%
DTM	B	0.5%
AR	B	0.46%
CNX	A	0.32%
AM	A	0.29%
SM	B	0.27%
CRC	A	0.21%
NOG	A	0.21%
CIVI	D	0.21%
CEIX	A	0.21%
BTU	B	0.2%
ENLC	A	0.2%
PAGP	A	0.2%
HP	B	0.19%
PBF	D	0.18%
VAL	D	0.18%
RIG	D	0.18%
LBRT	D	0.16%
GPOR	B	0.14%
KOS	F	0.12%
LEU	C	0.11%
WKC	D	0.11%
INSW	F	0.1%
KRP	B	0.08%
NFE	D	0.08%
CLB	B	0.08%
DK	C	0.08%
LPG	F	0.07%
NEXT	B	0.07%
NBR	C	0.06%
VTLE	C	0.06%
GPRE	F	0.06%
REX	D	0.06%
REPX	A	0.05%
RES	D	0.05%
CLNE	D	0.05%
SD	D	0.04%
HPK	B	0.04%

FENY Underweight 145 Positions Relative to TXS

Symbol	Grade	Weight
TSLA	B	-5.5%
THC	D	-4.2%
CRWD	B	-4.06%
SCHW	B	-4.06%
DLR	B	-4.02%
MCK	B	-3.82%
WM	A	-3.35%
CCI	D	-2.93%
GME	C	-2.92%
CBRE	B	-2.56%
ORCL	B	-2.37%
SYY	B	-1.88%
DHI	D	-1.86%
SCI	B	-1.85%
PWR	A	-1.84%
WING	D	-1.64%
GPI	A	-1.58%
TYL	C	-1.31%
T	A	-1.31%
RUSHA	C	-1.23%
INVH	D	-1.23%
TXN	C	-1.13%
CAT	B	-1.09%
J	F	-0.96%
ASO	F	-0.95%
EAT	A	-0.91%
VST	B	-0.84%
CPT	B	-0.81%
ACM	B	-0.78%
PLAY	D	-0.71%
LUV	C	-0.69%
FIX	A	-0.63%
ADUS	D	-0.62%
FLR	B	-0.48%
KBR	F	-0.42%
CPRT	A	-0.41%
SBH	C	-0.4%
USPH	B	-0.39%
ATO	A	-0.39%
CNP	B	-0.35%
AAL	B	-0.33%
GL	B	-0.31%
NRG	B	-0.31%
CRBG	B	-0.31%
CMA	A	-0.3%
KMB	D	-0.28%
CFR	B	-0.27%
HHH	B	-0.27%
KEX	C	-0.26%
PB	A	-0.24%
STRL	B	-0.22%
DELL	C	-0.21%
COOP	B	-0.2%
IESC	B	-0.2%
TPG	A	-0.19%
PRIM	A	-0.16%
HPE	B	-0.16%
FFIN	B	-0.14%
AGL	F	-0.14%
NSP	D	-0.14%
XPEL	C	-0.14%
LII	A	-0.13%
BLDR	D	-0.13%
GRBK	D	-0.12%
IBOC	A	-0.12%
OMCL	C	-0.11%
NTRA	B	-0.11%
LUNR	B	-0.1%
LGIH	D	-0.09%
GSHD	A	-0.09%
AAOI	B	-0.09%
VCTR	B	-0.09%
POWL	C	-0.08%
DNOW	B	-0.08%
USLM	A	-0.08%
NTST	D	-0.08%
STC	B	-0.07%
RICK	C	-0.07%
TFIN	A	-0.07%
NXRT	B	-0.07%
ANET	C	-0.07%
FYBR	D	-0.07%
ACA	A	-0.07%
CSV	B	-0.07%
IBTX	B	-0.07%
DAR	C	-0.06%
BMBL	D	-0.06%
OIS	C	-0.06%
SABR	C	-0.06%
CSWI	A	-0.06%
PX	A	-0.06%
FFWM	C	-0.06%
MRC	B	-0.06%
SKWD	A	-0.06%
FLS	B	-0.06%
GLDD	B	-0.06%
TH	C	-0.06%
PRO	C	-0.06%
QTWO	A	-0.06%
EXP	A	-0.06%
SAVA	D	-0.06%
MTCH	D	-0.06%
DXPE	B	-0.06%
YETI	C	-0.05%
INN	D	-0.05%
HTH	B	-0.05%
CECO	A	-0.05%
ATI	D	-0.05%
GDOT	D	-0.05%
NXST	C	-0.05%
BIGC	C	-0.05%
THR	B	-0.05%
SWI	B	-0.05%
ITGR	B	-0.05%
EZPW	A	-0.05%
AZZ	B	-0.05%
WSR	A	-0.05%
SBSI	B	-0.05%
CNK	B	-0.05%
TASK	C	-0.05%
UPBD	B	-0.05%
ALG	B	-0.05%
CE	F	-0.05%
NX	C	-0.05%
CMC	B	-0.05%
ALKT	B	-0.05%
VBTX	B	-0.05%
TRN	B	-0.05%
APLD	A	-0.05%
THRY	F	-0.04%
DIOD	D	-0.04%
TSHA	C	-0.04%
CSTL	D	-0.04%
VITL	D	-0.04%
HUN	F	-0.04%
WLK	D	-0.04%
SLAB	D	-0.04%
FOR	F	-0.04%
LXRX	F	-0.03%
ETWO	F	-0.03%
SVRA	D	-0.03%
CRUS	D	-0.03%
AMN	F	-0.03%
APPS	F	-0.02%
NOVA	F	-0.01%