FFSM vs. DEEP ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Roundhill Acquirers Deep Value ETF (DEEP)

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$25.79

Average Daily Volume

22,032

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

DEEP

Roundhill Acquirers Deep Value ETF

DEEP Description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the “index”). The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 20 of the most undervalued, fundamentally strong stocks drawn from the largest 500 stocks listed in the United States meeting certain liquidity thresholds. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.12

Average Daily Volume

2,457

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	DEEP
30 Days	1.58%	2.67%
60 Days	2.96%	0.33%
90 Days	7.29%	-0.77%
12 Months	28.69%	14.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in FFSM	Weight in DEEP	Overlap
	KFRC	D	0.22%	0.93%	0.22%

FFSM Overweight 157 Positions Relative to DEEP

Symbol	Grade	Weight
FTI	B	1.63%
TPX	D	1.58%
EME	A	1.51%
AZO	D	1.46%
AR	B	1.41%
VRT	A	1.4%
MOH	D	1.36%
CROX	C	1.26%
UHS	D	1.23%
ACGL	A	1.23%
XPO	D	1.21%
MUSA	D	1.2%
BJ	B	1.15%
RRX	D	1.14%
PFGC	D	1.14%
ITT	A	1.12%
EXP	A	1.09%
USFD	C	1.06%
DKS	C	1.02%
FN	C	1.01%
PVH	D	1.0%
DOX	D	0.99%
LPLA	B	0.97%
NSIT	A	0.93%
WHD	B	0.92%
AIZ	D	0.88%
ATKR	D	0.88%
FAF	D	0.87%
DFS	C	0.86%
ORI	A	0.86%
CHDN	B	0.84%
LNG	D	0.84%
CACI	A	0.84%
VNT	D	0.83%
NXST	C	0.82%
AYI	C	0.82%
AME	D	0.82%
JLL	C	0.81%
BC	D	0.8%
AIT	C	0.79%
ASGN	D	0.76%
SNX	A	0.75%
STX	C	0.73%
CRL	D	0.73%
GPK	C	0.72%
PRI	D	0.72%
GVA	A	0.71%
RGA	A	0.7%
ON	F	0.7%
MEDP	D	0.7%
BECN	C	0.7%
ACHC	F	0.67%
ALSN	D	0.67%
STLD	D	0.67%
ACM	C	0.66%
PNFP	C	0.66%
AEIS	D	0.66%
CMC	C	0.66%
SNV	C	0.65%
SN	A	0.65%
KBR	B	0.65%
TGLS	B	0.64%
CNM	A	0.64%
PCG	B	0.64%
CC	C	0.63%
WBS	D	0.63%
G	D	0.63%
AES	B	0.6%
CAH	F	0.59%
DT	F	0.59%
HLI	A	0.59%
FCNCA	B	0.59%
MMS	C	0.58%
HOLX	D	0.57%
OLN	D	0.57%
CADE	B	0.57%
FSS	B	0.57%
RJF	C	0.56%
TENB	F	0.56%
CIEN	D	0.56%
KBH	B	0.55%
LPX	A	0.54%
VTR	B	0.54%
AFG	C	0.52%
ESI	D	0.52%
WTFC	B	0.52%
HAYW	C	0.52%
CBT	B	0.51%
MTSI	B	0.51%
EXLS	C	0.5%
OI	F	0.49%
LBRT	B	0.48%
NOMD	D	0.48%
LSCC	F	0.48%
BCO	B	0.46%
WSC	D	0.46%
LGIH	F	0.46%
EPRT	A	0.45%
EBC	B	0.44%
ASO	F	0.43%
LEA	F	0.43%
BOKF	A	0.43%
CHX	D	0.43%
LITE	F	0.41%
CACC	D	0.41%
CWK	C	0.4%
CNXC	D	0.39%
FBP	A	0.39%
FROG	D	0.38%
RUSHA	D	0.37%
FIBK	B	0.36%
OMI	F	0.35%
BOOT	B	0.35%
FLEX	C	0.35%
TMDX	B	0.34%
ESGR	B	0.34%
ICHR	D	0.34%
NOG	B	0.34%
DOOO	C	0.32%
LCII	D	0.32%
DIOD	B	0.31%
ARGX	C	0.31%
WST	D	0.31%
PGNY	F	0.3%
EAT	A	0.29%
ALGM	D	0.29%
PRO	F	0.29%
HELE	F	0.28%
RGEN	F	0.25%
MTB	A	0.25%
IBTX	C	0.24%
CSTM	D	0.23%
TEX	D	0.21%
PATK	C	0.21%
MDGL	D	0.2%
CRNX	A	0.18%
XPRO	B	0.18%
CYTK	D	0.16%
VCEL	C	0.15%
ECPG	D	0.14%
ACLX	D	0.13%
NUVL	D	0.13%
CLDX	D	0.13%
ICLR	D	0.12%
PCVX	C	0.11%
XENE	D	0.09%
AXSM	B	0.09%
LAUR	A	0.08%
TCBK	B	0.07%
PBH	D	0.07%
ARVN	D	0.07%
MORF	F	0.06%
VRNA	F	0.06%
TXG	F	0.05%
ZNTL	F	0.03%
KROS	D	0.02%
ALXO	B	0.01%

FFSM Underweight 95 Positions Relative to DEEP

Symbol	Grade	Weight
PRDO	B	-1.36%
ULH	A	-1.34%
AGX	A	-1.33%
ZUMZ	B	-1.32%
USLM	A	-1.28%
TH	C	-1.25%
CLFD	B	-1.23%
TPB	B	-1.2%
NGVT	B	-1.19%
GSL	A	-1.18%
CLW	A	-1.17%
VIRT	B	-1.17%
SSP	C	-1.16%
CMRE	A	-1.14%
APOG	A	-1.14%
CCB	B	-1.14%
LPG	B	-1.13%
HLF	C	-1.13%
VSTO	A	-1.13%
SBLK	A	-1.12%
PRG	B	-1.1%
PANL	B	-1.1%
PFBC	A	-1.1%
TNK	A	-1.09%
GIII	D	-1.09%
TK	B	-1.07%
WSBF	B	-1.07%
CRCT	B	-1.06%
PLAB	B	-1.05%
AMCX	D	-1.05%
INVA	B	-1.05%
AAN	D	-1.05%
RMAX	D	-1.04%
BBSI	B	-1.04%
DHT	A	-1.04%
GEO	C	-1.04%
HTBK	D	-1.03%
RMR	D	-1.03%
SMP	C	-1.03%
GRBK	D	-1.03%
NRP	B	-1.02%
PLPC	D	-1.01%
MHO	D	-1.01%
DHIL	C	-1.01%
EBF	B	-1.01%
DFIN	B	-1.01%
BSIG	D	-1.0%
BKE	C	-0.99%
ITRN	C	-0.99%
GTX	D	-0.99%
CNXN	D	-0.98%
MCRI	D	-0.98%
MOV	D	-0.98%
VGR	D	-0.97%
EIG	D	-0.97%
IMKTA	F	-0.97%
WGO	D	-0.97%
NATR	F	-0.96%
CCRN	F	-0.96%
SXC	D	-0.96%
CUBI	D	-0.96%
CASS	D	-0.96%
MD	F	-0.96%
AMSF	D	-0.95%
NVEC	F	-0.95%
IIIN	D	-0.95%
JBSS	D	-0.95%
ACCO	D	-0.94%
TBBK	D	-0.94%
NUS	F	-0.93%
MCFT	F	-0.93%
SMLR	F	-0.93%
HVT	F	-0.92%
EPM	F	-0.92%
HCKT	F	-0.92%
DIN	F	-0.92%
USNA	F	-0.9%
ETD	D	-0.9%
EVRI	F	-0.89%
INMD	F	-0.89%
MYE	F	-0.88%
MBUU	F	-0.88%
IMMR	C	-0.88%
BXC	D	-0.86%
RGP	F	-0.84%
WNC	D	-0.83%
PARR	F	-0.81%
LPRO	F	-0.8%
HBI	F	-0.79%
RMNI	F	-0.78%
FWRD	F	-0.75%
TTEC	F	-0.75%
RYI	F	-0.73%
TWI	F	-0.72%
MED	F	-0.7%