FESM vs. LVHD ETF Comparison

Comparison of Fidelity Enhanced Small Cap ETF (FESM) to Legg Mason Low Volatility High Dividend ETF (LVHD)

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

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.82

Average Daily Volume

43,099

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

Performance

Period	FESM	LVHD
30 Days	10.20%	1.05%
60 Days	9.69%	1.24%
90 Days	10.24%	4.51%
12 Months	41.78%	21.71%

23 Overlapping Holdings

Symbol	Grade	Weight in FESM	Weight in LVHD	Overlap
AAT	B	0.37%	0.06%	0.06%
ALE	A	0.1%	0.19%	0.1%
AUB	B	0.11%	0.13%	0.11%
BOH	B	0.16%	0.16%	0.16%
CBU	B	0.38%	0.14%	0.14%
CTRE	D	0.2%	0.31%	0.2%
CVBF	A	0.06%	0.12%	0.06%
DEA	D	0.07%	0.08%	0.07%
DOC	D	0.02%	0.26%	0.02%
FCF	A	0.02%	0.06%	0.02%
FFBC	A	0.1%	0.07%	0.07%
FHI	A	0.52%	0.17%	0.17%
FRME	B	0.23%	0.08%	0.08%
FULT	A	0.2%	0.17%	0.17%
INSW	F	0.11%	0.22%	0.11%
LADR	B	0.1%	0.06%	0.06%
NBTB	B	0.07%	0.07%	0.07%
NJR	A	0.32%	0.17%	0.17%
NWBI	B	0.59%	0.07%	0.07%
ONB	B	0.02%	0.35%	0.02%
PFS	B	0.32%	0.1%	0.1%
UBSI	B	0.2%	0.16%	0.16%
UNIT	B	0.07%	0.07%	0.07%

FESM Overweight 544 Positions Relative to LVHD

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%
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%
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%
INSM	C	0.42%
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%
ESRT	C	0.37%
ABCB	B	0.37%
KNF	A	0.37%
GH	B	0.36%
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%
PCVX	D	0.33%
SF	B	0.33%
SXT	B	0.33%
BBSI	B	0.33%
VICR	B	0.33%
COKE	C	0.33%
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%
RVMD	C	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%
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%
ALKS	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%
HSTM	B	0.2%
MUR	D	0.2%
CNXN	C	0.19%
PBI	B	0.19%
SMTC	B	0.19%
RNA	D	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%
HALO	F	0.16%
PTCT	B	0.16%
STNG	F	0.16%
CYTK	F	0.16%
DY	D	0.16%
BPMC	C	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%
VCYT	B	0.15%
CNK	B	0.15%
NFBK	B	0.15%
RYTM	C	0.15%
UCB	A	0.15%
TVTX	B	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%
TWST	D	0.14%
VRE	B	0.14%
MDGL	B	0.14%
FBK	B	0.14%
FOLD	F	0.14%
HAE	C	0.14%
SLG	B	0.14%
GHC	C	0.14%
OSCR	D	0.14%
EXPI	C	0.14%
EWTX	C	0.14%
EXTR	B	0.13%
CMC	B	0.13%
ATRC	C	0.13%
SRRK	B	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%
NRIX	D	0.12%
USLM	A	0.12%
BSIG	A	0.12%
TRUP	B	0.12%
ZEUS	C	0.12%
CRNX	C	0.12%
EAT	A	0.12%
KREF	D	0.12%
DK	C	0.12%
HCAT	D	0.11%
TREE	F	0.11%
ACAD	D	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%
AUR	C	0.11%
LYTS	B	0.11%
SKT	B	0.11%
DYN	F	0.11%
KURA	F	0.1%
RKLB	B	0.1%
SFL	D	0.1%
BCPC	B	0.1%
SLVM	B	0.1%
AGS	A	0.1%
BCRX	D	0.1%
ODP	F	0.1%
GKOS	B	0.1%
ADMA	B	0.1%
NGVC	A	0.1%
ADUS	D	0.1%
INDB	B	0.1%
KRYS	B	0.1%
GMRE	F	0.1%
TGTX	B	0.1%
FLYW	C	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%
ACLX	C	0.09%
SPT	C	0.09%
LGND	B	0.09%
VBTX	B	0.09%
AMBA	B	0.09%
ARQT	C	0.09%
ACMR	F	0.09%
DIOD	D	0.09%
HLIT	D	0.09%
MYGN	F	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%
RXRX	F	0.08%
FDP	B	0.08%
CDE	D	0.08%
AKBA	C	0.08%
CDMO	B	0.08%
PCRX	C	0.08%
CATY	B	0.08%
RUSHA	C	0.08%
TARS	B	0.08%
LTH	C	0.08%
KTB	B	0.08%
AIN	C	0.08%
URBN	C	0.08%
SCS	C	0.08%
MEDP	D	0.07%
AXSM	B	0.07%
EOLS	D	0.07%
IRWD	F	0.07%
AMPH	D	0.07%
KE	C	0.07%
OPEN	D	0.07%
JAMF	F	0.07%
MYE	F	0.07%
SEM	B	0.07%
LGF.A	C	0.07%
REPL	B	0.07%
AVD	D	0.07%
FISI	A	0.07%
NTCT	C	0.07%
WVE	C	0.07%
ATNI	F	0.07%
ARAY	D	0.07%
SNBR	F	0.07%
PGC	C	0.07%
BBIO	F	0.07%
CTBI	B	0.07%
COLL	F	0.07%
HBI	B	0.07%
HRTG	C	0.07%
ADPT	C	0.07%
EBS	C	0.07%
BLKB	B	0.07%
WMK	C	0.07%
MCRI	A	0.06%
ALHC	C	0.06%
SGMO	C	0.06%
BOOT	D	0.06%
ORGO	B	0.06%
ARVN	D	0.06%
RXO	C	0.06%
RVNC	F	0.06%
ORIC	F	0.06%
CERS	C	0.06%
BGS	F	0.06%
CTKB	C	0.06%
CDXS	B	0.06%
SNDX	F	0.06%
HURC	C	0.06%
GIC	D	0.06%
BKD	D	0.06%
NARI	C	0.06%
LNTH	D	0.06%
DNLI	D	0.06%
RM	D	0.06%
AGIO	C	0.06%
WEAV	B	0.06%
UEC	B	0.06%
NUVB	C	0.06%
NVAX	F	0.06%
TMCI	D	0.05%
COGT	D	0.05%
LGF.A	C	0.05%
AOSL	C	0.05%
UVE	B	0.05%
ARWR	F	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%
PAHC	C	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%
VNDA	C	0.05%
ARCT	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%
ERAS	C	0.05%
AKRO	B	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%
ZNTL	F	0.04%
IDYA	F	0.04%
BLBD	D	0.04%
PTGX	C	0.04%
WFRD	D	0.04%
UNFI	A	0.04%
IOVA	F	0.04%
ALLK	D	0.04%
KALV	D	0.04%
GERN	D	0.04%
CXM	C	0.04%
MSBI	B	0.04%
OABI	F	0.04%
NUVL	D	0.04%
SAGE	F	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%
ETNB	C	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%
RLAY	F	0.03%
FIZZ	C	0.03%
BEAM	D	0.03%
ENTA	F	0.03%
SANA	F	0.03%
PDCO	D	0.03%
PKE	B	0.03%
TSHA	C	0.03%
RLMD	F	0.03%
RCKT	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%
HUMA	F	0.03%
TSVT	F	0.03%
PRTS	C	0.03%
EDIT	F	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%
TERN	F	0.03%
MGNX	F	0.03%
VYGR	F	0.03%
BHLB	B	0.03%
CHGG	D	0.03%
FATE	F	0.03%
VCEL	B	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%
SVRA	D	0.02%
ALEC	F	0.02%
NTLA	F	0.02%
DIN	C	0.02%
ONTF	C	0.02%
TNYA	C	0.02%
NKTR	F	0.02%
DVAX	C	0.02%
MQ	F	0.02%
PGEN	F	0.02%
TNET	D	0.02%
ZIMV	D	0.02%
ALT	C	0.02%
CRBU	F	0.02%
UPLD	C	0.02%
NKTX	F	0.02%
ABUS	D	0.02%
MCB	B	0.02%
TCBK	B	0.02%
SPOK	C	0.02%
MRSN	D	0.02%
JBSS	D	0.02%
XNCR	B	0.02%
PBYI	C	0.02%
GPRE	F	0.02%
ACET	F	0.02%
TSE	F	0.02%
PRAA	C	0.02%
KPTI	C	0.02%
ABSI	F	0.02%
VERA	B	0.02%
KYMR	D	0.02%
YMAB	F	0.02%
NABL	F	0.02%
SWTX	C	0.02%
HROW	D	0.02%
GCI	D	0.02%
BRY	F	0.02%
ANIP	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%
IMVT	F	0.01%
ADAP	F	0.01%
CHRS	D	0.01%
SMMT	D	0.01%
XBIT	F	0.01%
SUPN	C	0.01%
RCKY	F	0.01%

FESM Underweight 95 Positions Relative to LVHD

Symbol	Grade	Weight
MO	A	-2.78%
MCD	D	-2.71%
CVX	A	-2.69%
HD	A	-2.66%
USB	A	-2.58%
CSCO	B	-2.57%
LMT	D	-2.54%
IBM	C	-2.47%
PM	B	-2.44%
SO	D	-2.41%
PEP	F	-2.39%
DUK	C	-2.33%
MDLZ	F	-2.32%
KO	D	-2.3%
JNJ	D	-2.29%
KDP	D	-2.26%
OKE	A	-2.18%
HSY	F	-2.14%
KMB	D	-2.1%
AEP	D	-2.07%
PAYX	C	-2.07%
PNC	B	-2.01%
GIS	D	-1.87%
XEL	A	-1.84%
EXC	C	-1.83%
SYY	B	-1.81%
K	A	-1.76%
DRI	B	-1.65%
ETR	B	-1.65%
WEC	A	-1.48%
VICI	C	-1.4%
ED	D	-1.28%
OMC	C	-1.17%
LYB	F	-1.16%
FANG	D	-1.14%
PKG	A	-1.06%
AEE	A	-1.04%
NI	A	-1.04%
DTE	C	-1.02%
HST	C	-1.01%
EVRG	A	-0.93%
IPG	D	-0.9%
MAA	B	-0.87%
KIM	A	-0.84%
ESS	B	-0.83%
EQR	B	-0.8%
PNW	B	-0.71%
LNT	A	-0.67%
REG	B	-0.63%
FNF	B	-0.54%
WPC	D	-0.53%
FRT	B	-0.51%
ADC	B	-0.5%
BRX	A	-0.5%
CUBE	D	-0.49%
GLPI	C	-0.48%
DTM	B	-0.42%
OGE	B	-0.37%
WTRG	B	-0.34%
NNN	D	-0.33%
EPRT	B	-0.31%
AFG	A	-0.31%
STAG	F	-0.31%
POR	C	-0.31%
VLY	B	-0.29%
MSM	C	-0.28%
IDA	A	-0.28%
SON	D	-0.27%
FNB	A	-0.25%
NSA	D	-0.25%
APLE	B	-0.24%
OGS	A	-0.23%
EPR	D	-0.22%
BKH	A	-0.22%
HIW	D	-0.2%
SR	A	-0.19%
FIBK	A	-0.17%
BNL	D	-0.15%
FHB	A	-0.14%
AVA	A	-0.14%
NWE	B	-0.13%
ROIC	A	-0.13%
NHI	D	-0.13%
CNA	B	-0.12%
LXP	D	-0.12%
NTST	D	-0.11%
FCPT	C	-0.11%
LTC	B	-0.08%
NWN	A	-0.08%
TOWN	B	-0.07%
HOPE	B	-0.07%
UVV	B	-0.07%
GTY	B	-0.07%
PINC	B	-0.06%
PFBC	B	-0.06%