FEPI vs. FDTX ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to Fidelity Disruptive Technology ETF (FDTX)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$52.95

Average Daily Volume

112,076

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$31.24

Average Daily Volume

41,247

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	FDTX
30 Days	-2.47%	-2.22%
60 Days	-2.16%	-4.58%
90 Days	0.20%	0.68%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in FDTX	Overlap
ADBE	D	6.93%	3.87%	3.87%
AMZN	A	6.59%	3.93%	3.93%
CRM	D	6.83%	5.43%	5.43%
META	D	6.12%	4.41%	4.41%
MSFT	C	6.68%	5.05%	5.05%
NFLX	D	6.35%	3.93%	3.93%
NVDA	C	6.58%	6.69%	6.58%

FEPI Overweight 8 Positions Relative to FDTX

Symbol	Grade	Weight
TSLA	D	7.59%
PANW	B	7.32%
GOOGL	A	7.02%
AAPL	C	6.98%
INTC	F	6.74%
AVGO	D	6.74%
AMD	D	6.55%
MU	B	6.38%

FEPI Underweight 2 Positions Relative to FDTX

	Symbol	Grade	Weight
	TSM	C	-5.15%
	GOOG	A	-3.59%