FESM vs. IBBQ ETF Comparison

Comparison of Fidelity Enhanced Small Cap ETF (FESM) to Invesco Nasdaq Biotechnology ETF (IBBQ)

FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$35.21

Average Daily Volume

123,773

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.64

Average Daily Volume

17,660

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	FESM	IBBQ
30 Days	10.20%	-3.74%
60 Days	9.69%	-5.07%
90 Days	10.24%	-7.33%
12 Months	41.78%	19.53%

96 Overlapping Holdings

Symbol	Grade	Weight in FESM	Weight in IBBQ	Overlap
ABUS	D	0.02%	0.07%	0.02%
ACAD	D	0.11%	0.3%	0.11%
ACLX	C	0.09%	0.51%	0.09%
ADMA	B	0.1%	0.48%	0.1%
ADPT	C	0.07%	0.08%	0.07%
AGIO	C	0.06%	0.33%	0.06%
AKRO	B	0.05%	0.21%	0.05%
ALEC	F	0.02%	0.04%	0.02%
ALKS	B	0.21%	0.5%	0.21%
AMPH	D	0.07%	0.23%	0.07%
ANIP	F	0.02%	0.13%	0.02%
ARCT	F	0.05%	0.05%	0.05%
ARQT	C	0.09%	0.12%	0.09%
ARVN	D	0.06%	0.17%	0.06%
ARWR	F	0.05%	0.25%	0.05%
AXSM	B	0.07%	0.48%	0.07%
BBIO	F	0.07%	0.48%	0.07%
BCRX	D	0.1%	0.16%	0.1%
BEAM	D	0.03%	0.21%	0.03%
BPMC	C	0.16%	0.61%	0.16%
CHRS	D	0.01%	0.01%	0.01%
COGT	D	0.05%	0.1%	0.05%
COLL	F	0.07%	0.1%	0.07%
CRBU	F	0.02%	0.02%	0.02%
CRNX	C	0.12%	0.47%	0.12%
CYTK	F	0.16%	0.64%	0.16%
DNLI	D	0.06%	0.39%	0.06%
DVAX	C	0.02%	0.17%	0.02%
DYN	F	0.11%	0.31%	0.11%
EDIT	F	0.03%	0.02%	0.02%
EOLS	D	0.07%	0.08%	0.07%
ERAS	C	0.05%	0.08%	0.05%
ETNB	C	0.04%	0.09%	0.04%
EWTX	C	0.14%	0.32%	0.14%
FOLD	F	0.14%	0.31%	0.14%
GERN	D	0.04%	0.24%	0.04%
GH	B	0.36%	0.39%	0.36%
HALO	F	0.16%	0.62%	0.16%
HROW	D	0.02%	0.15%	0.02%
HUMA	F	0.03%	0.06%	0.03%
IDYA	F	0.04%	0.24%	0.04%
IMVT	F	0.01%	0.42%	0.01%
INSM	C	0.42%	1.23%	0.42%
IOVA	F	0.04%	0.27%	0.04%
IRWD	F	0.07%	0.07%	0.07%
KALV	D	0.04%	0.04%	0.04%
KRYS	B	0.1%	0.53%	0.1%
KURA	F	0.1%	0.13%	0.1%
KYMR	D	0.02%	0.29%	0.02%
LGND	B	0.09%	0.22%	0.09%
MDGL	B	0.14%	0.67%	0.14%
MEDP	D	0.07%	1.04%	0.07%
MGNX	F	0.03%	0.02%	0.02%
MYGN	F	0.09%	0.15%	0.09%
NRIX	D	0.12%	0.16%	0.12%
NTLA	F	0.02%	0.15%	0.02%
NUVL	D	0.04%	0.56%	0.04%
NVAX	F	0.06%	0.13%	0.06%
OABI	F	0.04%	0.05%	0.04%
ORIC	F	0.06%	0.06%	0.06%
PAHC	C	0.05%	0.05%	0.05%
PCRX	C	0.08%	0.08%	0.08%
PCVX	D	0.33%	1.04%	0.33%
PGEN	F	0.02%	0.03%	0.02%
PTCT	B	0.16%	0.32%	0.16%
PTGX	C	0.04%	0.26%	0.04%
RCKT	F	0.03%	0.14%	0.03%
REPL	B	0.07%	0.08%	0.07%
RLAY	F	0.03%	0.07%	0.03%
RNA	D	0.19%	0.53%	0.19%
RVMD	C	0.25%	0.99%	0.25%
RVNC	F	0.06%	0.05%	0.05%
RXRX	F	0.08%	0.18%	0.08%
RYTM	C	0.15%	0.37%	0.15%
SAGE	F	0.04%	0.03%	0.03%
SANA	F	0.03%	0.06%	0.03%
SMMT	D	0.01%	1.43%	0.01%
SNDX	F	0.06%	0.14%	0.06%
SRRK	B	0.13%	0.23%	0.13%
SUPN	C	0.01%	0.21%	0.01%
SVRA	D	0.02%	0.05%	0.02%
SWTX	C	0.02%	0.29%	0.02%
TARS	B	0.08%	0.18%	0.08%
TERN	F	0.03%	0.05%	0.03%
TSHA	C	0.03%	0.05%	0.03%
TVTX	B	0.15%	0.15%	0.15%
TWST	D	0.14%	0.23%	0.14%
VCEL	B	0.03%	0.28%	0.03%
VCYT	B	0.15%	0.3%	0.15%
VERA	B	0.02%	0.27%	0.02%
VNDA	C	0.05%	0.03%	0.03%
VYGR	F	0.03%	0.03%	0.03%
WVE	C	0.07%	0.18%	0.07%
XNCR	B	0.02%	0.15%	0.02%
YMAB	F	0.02%	0.05%	0.02%
ZNTL	F	0.04%	0.03%	0.03%

FESM Overweight 471 Positions Relative to IBBQ

Symbol	Grade	Weight
SFM	A	0.99%
CRS	A	0.86%
ANF	C	0.8%
CVLT	B	0.79%
QTWO	A	0.73%
SPSC	C	0.71%
FN	D	0.7%
SKYW	B	0.7%
PAYO	A	0.69%
LUMN	C	0.69%
BGC	C	0.67%
ENS	D	0.62%
MWA	B	0.61%
MHO	D	0.61%
JXN	C	0.61%
CRGY	B	0.61%
IBP	D	0.6%
AEO	F	0.6%
CSGS	B	0.6%
MTX	B	0.59%
NWBI	B	0.59%
WT	B	0.58%
YELP	C	0.57%
COMP	B	0.57%
FIX	A	0.57%
PRG	C	0.56%
OUT	A	0.56%
EME	C	0.56%
CVNA	B	0.55%
UCTT	D	0.54%
FUL	F	0.54%
QLYS	C	0.54%
HWKN	B	0.54%
LKFN	B	0.53%
EXLS	B	0.53%
FHI	A	0.52%
UPBD	B	0.51%
VMEO	B	0.5%
AIR	B	0.5%
TMHC	B	0.49%
AIT	A	0.48%
LANC	C	0.47%
ITRI	B	0.47%
CODI	B	0.46%
MXL	C	0.45%
SIGI	C	0.44%
TENB	C	0.43%
BANF	B	0.43%
MMSI	B	0.42%
LMND	B	0.41%
WTS	B	0.41%
MTDR	B	0.41%
REZI	A	0.4%
GT	C	0.4%
BMI	B	0.4%
AROC	B	0.4%
BHE	B	0.4%
MATX	C	0.39%
ACA	A	0.39%
SANM	B	0.39%
CECO	A	0.38%
APOG	B	0.38%
CBU	B	0.38%
ESRT	C	0.37%
ABCB	B	0.37%
AAT	B	0.37%
KNF	A	0.37%
TPH	D	0.36%
FFIN	B	0.36%
CMPR	D	0.36%
PECO	A	0.36%
CNMD	C	0.35%
VREX	C	0.35%
BAND	B	0.35%
GNW	A	0.35%
FLR	B	0.35%
TEX	D	0.35%
UMBF	B	0.34%
GFF	A	0.34%
NMIH	D	0.34%
ATI	D	0.33%
CRDO	B	0.33%
SF	B	0.33%
SXT	B	0.33%
BBSI	B	0.33%
VICR	B	0.33%
COKE	C	0.33%
NJR	A	0.32%
PFS	B	0.32%
KAR	B	0.32%
SWX	B	0.32%
STEP	B	0.32%
ABM	B	0.32%
IGT	F	0.32%
MTH	D	0.31%
YOU	D	0.31%
KTOS	B	0.3%
YEXT	A	0.29%
AX	A	0.29%
EGHT	C	0.29%
SXC	A	0.29%
WK	B	0.29%
BDC	B	0.29%
CNO	A	0.28%
WOOF	D	0.28%
FBP	B	0.28%
SNEX	B	0.27%
PHR	F	0.27%
TRN	C	0.27%
MRTN	C	0.26%
CEIX	A	0.26%
WSBC	A	0.26%
MOG.A	B	0.26%
PRGS	A	0.26%
LNW	D	0.26%
EZPW	A	0.25%
IRTC	D	0.25%
HQY	B	0.25%
HLX	B	0.24%
CPF	A	0.24%
BUSE	B	0.24%
BCO	D	0.24%
WKC	D	0.24%
CDP	C	0.24%
HP	B	0.24%
TRNO	F	0.24%
FRME	B	0.23%
EPAC	B	0.23%
TILE	B	0.23%
CALM	A	0.23%
PLXS	B	0.23%
MAC	B	0.23%
PDFS	C	0.23%
NBR	C	0.23%
HWC	B	0.22%
PBH	A	0.22%
SJW	D	0.22%
CORT	B	0.22%
CRC	B	0.22%
RNST	B	0.22%
DCO	C	0.22%
HL	D	0.21%
OPCH	D	0.21%
HURN	B	0.21%
ROCK	C	0.21%
KBH	D	0.21%
AXGN	D	0.21%
TDS	B	0.21%
WABC	B	0.21%
SHAK	C	0.21%
ZUO	B	0.21%
CRAI	B	0.21%
AXL	C	0.21%
PLAB	C	0.21%
OI	C	0.21%
PSN	D	0.21%
COMM	D	0.2%
HNI	B	0.2%
BL	B	0.2%
HY	D	0.2%
UBSI	B	0.2%
FULT	A	0.2%
CTRE	D	0.2%
HSTM	B	0.2%
MUR	D	0.2%
CNXN	C	0.19%
PBI	B	0.19%
SMTC	B	0.19%
SBH	C	0.19%
RMBS	C	0.19%
AVNS	F	0.18%
PRO	C	0.18%
AORT	B	0.18%
TRTX	B	0.18%
CADE	B	0.18%
BVS	D	0.18%
XRX	F	0.18%
PJT	A	0.18%
SFBS	B	0.18%
ALRM	C	0.17%
ARLO	C	0.17%
BCC	B	0.17%
AWR	B	0.17%
DBRG	F	0.17%
CSWI	A	0.17%
PRK	B	0.17%
PD	C	0.17%
TNC	D	0.17%
FLNC	C	0.17%
INTA	A	0.17%
OFG	B	0.16%
SAH	A	0.16%
STNG	F	0.16%
DY	D	0.16%
BOH	B	0.16%
PLPC	B	0.16%
DXPE	B	0.16%
DOMO	C	0.15%
FLXS	B	0.15%
VRTS	B	0.15%
ETD	C	0.15%
CNK	B	0.15%
NFBK	B	0.15%
UCB	A	0.15%
CWT	D	0.15%
AMSF	B	0.15%
AMAL	B	0.15%
GEO	B	0.14%
CPS	C	0.14%
LMB	A	0.14%
VRE	B	0.14%
FBK	B	0.14%
HAE	C	0.14%
SLG	B	0.14%
GHC	C	0.14%
OSCR	D	0.14%
EXPI	C	0.14%
EXTR	B	0.13%
CMC	B	0.13%
ATRC	C	0.13%
WS	B	0.13%
CPRX	C	0.13%
WSR	A	0.13%
REPX	A	0.13%
SRCE	B	0.13%
OTTR	C	0.12%
AMRX	C	0.12%
USLM	A	0.12%
BSIG	A	0.12%
TRUP	B	0.12%
ZEUS	C	0.12%
EAT	A	0.12%
KREF	D	0.12%
DK	C	0.12%
AUB	B	0.11%
HCAT	D	0.11%
TREE	F	0.11%
CDNA	D	0.11%
VTOL	B	0.11%
CHX	C	0.11%
HCI	C	0.11%
ALTR	B	0.11%
AMSC	B	0.11%
BRC	D	0.11%
INSW	F	0.11%
AUR	C	0.11%
LYTS	B	0.11%
SKT	B	0.11%
RKLB	B	0.1%
SFL	D	0.1%
BCPC	B	0.1%
SLVM	B	0.1%
AGS	A	0.1%
ODP	F	0.1%
ALE	A	0.1%
GKOS	B	0.1%
NGVC	A	0.1%
ADUS	D	0.1%
INDB	B	0.1%
LADR	B	0.1%
GMRE	F	0.1%
TGTX	B	0.1%
FLYW	C	0.1%
FFBC	A	0.1%
PL	A	0.09%
VSTO	A	0.09%
TNDM	F	0.09%
TCMD	A	0.09%
FSS	B	0.09%
MRC	B	0.09%
SPT	C	0.09%
VBTX	B	0.09%
AMBA	B	0.09%
ACMR	F	0.09%
DIOD	D	0.09%
HLIT	D	0.09%
EQC	B	0.09%
FORM	D	0.09%
TRUE	B	0.09%
RDFN	D	0.09%
WGO	C	0.08%
PRLB	A	0.08%
FTDR	A	0.08%
WSBF	C	0.08%
TDOC	C	0.08%
BSRR	B	0.08%
LUNR	B	0.08%
THR	B	0.08%
KOD	C	0.08%
FDP	B	0.08%
CDE	D	0.08%
AKBA	C	0.08%
CDMO	B	0.08%
CATY	B	0.08%
RUSHA	C	0.08%
LTH	C	0.08%
KTB	B	0.08%
AIN	C	0.08%
URBN	C	0.08%
SCS	C	0.08%
KE	C	0.07%
OPEN	D	0.07%
JAMF	F	0.07%
MYE	F	0.07%
SEM	B	0.07%
UNIT	B	0.07%
LGF.A	C	0.07%
AVD	D	0.07%
NBTB	B	0.07%
FISI	A	0.07%
NTCT	C	0.07%
ATNI	F	0.07%
ARAY	D	0.07%
SNBR	F	0.07%
PGC	C	0.07%
CTBI	B	0.07%
HBI	B	0.07%
HRTG	C	0.07%
EBS	C	0.07%
DEA	D	0.07%
BLKB	B	0.07%
WMK	C	0.07%
MCRI	A	0.06%
CVBF	A	0.06%
ALHC	C	0.06%
SGMO	C	0.06%
BOOT	D	0.06%
ORGO	B	0.06%
RXO	C	0.06%
CERS	C	0.06%
BGS	F	0.06%
CTKB	C	0.06%
CDXS	B	0.06%
HURC	C	0.06%
GIC	D	0.06%
BKD	D	0.06%
NARI	C	0.06%
LNTH	D	0.06%
RM	D	0.06%
WEAV	B	0.06%
UEC	B	0.06%
NUVB	C	0.06%
TMCI	D	0.05%
LGF.A	C	0.05%
AOSL	C	0.05%
UVE	B	0.05%
ACIW	B	0.05%
TXRH	C	0.05%
CCCC	F	0.05%
NPAB	B	0.05%
ATRO	D	0.05%
PTON	B	0.05%
ANNX	F	0.05%
DAKT	B	0.05%
LPG	F	0.05%
UHT	D	0.05%
RIG	D	0.05%
QTRX	F	0.05%
NRDS	C	0.05%
OPY	B	0.05%
ONTO	D	0.05%
HNST	B	0.05%
BY	B	0.05%
STBA	B	0.05%
OIS	C	0.05%
SNCY	C	0.05%
EE	A	0.05%
APPN	B	0.05%
IART	C	0.05%
LMAT	A	0.04%
LPSN	F	0.04%
STRO	F	0.04%
CSR	B	0.04%
BLBD	D	0.04%
WFRD	D	0.04%
UNFI	A	0.04%
ALLK	D	0.04%
CXM	C	0.04%
MSBI	B	0.04%
NXRT	B	0.04%
NSP	D	0.04%
KLG	C	0.04%
DSGN	C	0.04%
BRSP	B	0.04%
ALX	D	0.04%
CRVL	A	0.04%
BASE	C	0.04%
VCTR	B	0.04%
BECN	B	0.04%
COUR	F	0.04%
NSSC	D	0.04%
ZIP	F	0.04%
MLNK	B	0.04%
FIZZ	C	0.03%
ENTA	F	0.03%
PDCO	D	0.03%
PKE	B	0.03%
RLMD	F	0.03%
GIII	D	0.03%
RMAX	C	0.03%
ANIK	F	0.03%
NPK	B	0.03%
MED	F	0.03%
MBWM	B	0.03%
IDT	B	0.03%
ENSG	D	0.03%
SHEN	F	0.03%
HIMS	B	0.03%
FSTR	B	0.03%
MTRN	C	0.03%
TSVT	F	0.03%
PRTS	C	0.03%
CWCO	C	0.03%
CLDX	F	0.03%
UVSP	B	0.03%
FNKO	D	0.03%
BDTX	F	0.03%
ASC	F	0.03%
ETWO	F	0.03%
ARRY	C	0.03%
VSCO	B	0.03%
ICFI	F	0.03%
UFPI	B	0.03%
MCY	A	0.03%
BHLB	B	0.03%
CHGG	D	0.03%
FATE	F	0.03%
GRC	A	0.03%
HRTX	F	0.03%
CCBG	B	0.02%
ANGO	D	0.02%
CTMX	F	0.02%
EB	C	0.02%
SSTK	F	0.02%
DIN	C	0.02%
ONTF	C	0.02%
TNYA	C	0.02%
NKTR	F	0.02%
MQ	F	0.02%
TNET	D	0.02%
ZIMV	D	0.02%
ALT	C	0.02%
UPLD	C	0.02%
NKTX	F	0.02%
MCB	B	0.02%
TCBK	B	0.02%
ONB	B	0.02%
SPOK	C	0.02%
MRSN	D	0.02%
JBSS	D	0.02%
PBYI	C	0.02%
GPRE	F	0.02%
ACET	F	0.02%
TSE	F	0.02%
PRAA	C	0.02%
DOC	D	0.02%
KPTI	C	0.02%
ABSI	F	0.02%
FCF	A	0.02%
NABL	F	0.02%
GCI	D	0.02%
BRY	F	0.02%
SPCE	D	0.01%
STNE	F	0.01%
INO	F	0.01%
ALVR	F	0.01%
ZDGE	F	0.01%
FGEN	D	0.01%
ADAP	F	0.01%
XBIT	F	0.01%
RCKY	F	0.01%

FESM Underweight 99 Positions Relative to IBBQ

Symbol	Grade	Weight
GILD	C	-9.95%
VRTX	F	-8.34%
AMGN	D	-7.56%
REGN	F	-5.67%
AZN	D	-3.97%
ALNY	D	-3.26%
BIIB	F	-2.52%
ILMN	D	-2.32%
ARGX	A	-1.96%
UTHR	C	-1.75%
VTRS	A	-1.65%
INCY	C	-1.58%
MRNA	F	-1.53%
SNY	F	-1.51%
BMRN	D	-1.3%
NBIX	C	-1.28%
RPRX	D	-1.24%
SRPT	D	-1.08%
EXEL	B	-1.06%
BNTX	D	-1.05%
ITCI	C	-0.95%
BGNE	D	-0.91%
ROIV	C	-0.89%
JAZZ	B	-0.81%
ASND	D	-0.79%
IONS	F	-0.54%
RARE	D	-0.44%
CRSP	D	-0.43%
LEGN	F	-0.34%
MRUS	F	-0.34%
APLS	D	-0.34%
XENE	D	-0.33%
VRNA	B	-0.28%
JANX	C	-0.27%
MIRM	B	-0.23%
KROS	D	-0.23%
MNKD	C	-0.2%
HRMY	D	-0.2%
FTRE	D	-0.19%
NVCR	C	-0.19%
IRON	B	-0.19%
ZLAB	C	-0.15%
SPRY	D	-0.15%
OCUL	D	-0.15%
DAWN	F	-0.14%
AUPH	B	-0.13%
ARDX	F	-0.13%
INVA	D	-0.13%
IMCR	D	-0.13%
VIR	D	-0.12%
CNTA	B	-0.12%
ELVN	D	-0.12%
GRFS	C	-0.12%
CGEM	F	-0.09%
BCYC	F	-0.09%
GMAB	F	-0.09%
PLRX	F	-0.08%
PRTA	F	-0.08%
ABCL	D	-0.08%
CSTL	D	-0.08%
AUTL	F	-0.07%
MRVI	F	-0.07%
AVXL	B	-0.07%
HCM	D	-0.06%
OLMA	F	-0.06%
GLPG	D	-0.06%
CVAC	F	-0.06%
MLYS	F	-0.06%
ANAB	F	-0.06%
PHAT	F	-0.06%
SIGA	F	-0.05%
XERS	B	-0.05%
PACB	F	-0.05%
FDMT	F	-0.05%
TBPH	C	-0.05%
URGN	F	-0.05%
ALLO	F	-0.05%
RGNX	F	-0.05%
EYPT	F	-0.05%
MGTX	C	-0.05%
THRD	D	-0.05%
LXRX	F	-0.04%
PRME	F	-0.04%
VERV	F	-0.04%
BMEA	F	-0.03%
ATAI	C	-0.03%
LYEL	F	-0.03%
ITOS	F	-0.03%
QURE	D	-0.03%
ACIU	C	-0.03%
ACRS	C	-0.02%
CABA	F	-0.02%
FULC	F	-0.02%
AMRN	F	-0.02%
BLUE	F	-0.01%
ALXO	F	-0.01%
OVID	F	-0.01%
VTYX	F	-0.01%
RAPT	F	-0.0%