FFSM vs. FDM ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to First Trust DJ Select MicroCap ETF (FDM)

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

$25.12

Average Daily Volume

23,272

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

FDM

First Trust DJ Select MicroCap ETF

FDM Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$61.31

Average Daily Volume

4,437

Number of Holdings ^*

153

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	FDM
30 Days	-2.73%	-1.28%
60 Days	-0.18%	1.67%
90 Days	6.13%	5.21%
12 Months	27.24%	26.31%

0 Overlapping Holdings

	Symbol	Grade	Weight in FFSM	Weight in FDM	Overlap

FFSM Overweight 158 Positions Relative to FDM

Symbol	Grade	Weight
FTI	A	1.63%
TPX	D	1.58%
EME	A	1.51%
AZO	D	1.46%
AR	A	1.41%
VRT	A	1.4%
MOH	F	1.36%
CROX	D	1.26%
UHS	C	1.23%
ACGL	A	1.23%
XPO	D	1.21%
MUSA	D	1.2%
BJ	C	1.15%
RRX	D	1.14%
PFGC	D	1.14%
ITT	D	1.12%
EXP	B	1.09%
USFD	C	1.06%
DKS	B	1.02%
FN	D	1.01%
PVH	D	1.0%
DOX	F	0.99%
LPLA	A	0.97%
NSIT	A	0.93%
WHD	B	0.92%
AIZ	C	0.88%
ATKR	B	0.88%
FAF	F	0.87%
DFS	B	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	F	0.8%
AIT	C	0.79%
ASGN	D	0.76%
SNX	A	0.75%
STX	D	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	B	0.7%
ACHC	F	0.67%
ALSN	D	0.67%
STLD	D	0.67%
ACM	A	0.66%
PNFP	C	0.66%
AEIS	D	0.66%
CMC	C	0.66%
SNV	C	0.65%
SN	A	0.65%
KBR	A	0.65%
TGLS	B	0.64%
CNM	A	0.64%
PCG	A	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	B	0.57%
OLN	D	0.57%
CADE	B	0.57%
FSS	C	0.57%
RJF	A	0.56%
TENB	F	0.56%
CIEN	D	0.56%
KBH	B	0.55%
LPX	D	0.54%
VTR	B	0.54%
AFG	D	0.52%
ESI	C	0.52%
WTFC	A	0.52%
HAYW	C	0.52%
CBT	A	0.51%
MTSI	A	0.51%
EXLS	D	0.5%
OI	F	0.49%
LBRT	B	0.48%
NOMD	D	0.48%
LSCC	D	0.48%
BCO	A	0.46%
WSC	F	0.46%
LGIH	D	0.46%
EPRT	A	0.45%
EBC	C	0.44%
ASO	D	0.43%
LEA	F	0.43%
BOKF	A	0.43%
CHX	D	0.43%
LITE	D	0.41%
CACC	D	0.41%
CWK	C	0.4%
CNXC	F	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	D	0.35%
TMDX	A	0.34%
ESGR	B	0.34%
ICHR	D	0.34%
NOG	B	0.34%
DOOO	C	0.32%
LCII	F	0.32%
DIOD	C	0.31%
ARGX	D	0.31%
WST	F	0.31%
PGNY	F	0.3%
EAT	A	0.29%
ALGM	C	0.29%
PRO	F	0.29%
HELE	D	0.28%
RGEN	D	0.25%
MTB	A	0.25%
IBTX	D	0.24%
CSTM	D	0.23%
KFRC	D	0.22%
TEX	D	0.21%
PATK	D	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	C	0.13%
ICLR	D	0.12%
PCVX	D	0.11%
XENE	C	0.09%
AXSM	C	0.09%
LAUR	A	0.08%
TCBK	B	0.07%
PBH	D	0.07%
ARVN	D	0.07%
MORF	F	0.06%
VRNA	D	0.06%
TXG	F	0.05%
ZNTL	F	0.03%
KROS	D	0.02%
ALXO	B	0.01%

FFSM Underweight 153 Positions Relative to FDM

Symbol	Grade	Weight
POWL	B	-2.27%
ACMR	D	-2.06%
SCSC	C	-1.76%
CRAI	B	-1.71%
VSEC	A	-1.7%
CGEM	A	-1.51%
GNK	A	-1.5%
CRGY	F	-1.49%
SXC	D	-1.46%
REX	B	-1.43%
BBSI	A	-1.35%
MYE	A	-1.35%
HAYN	C	-1.26%
VVI	D	-1.23%
CECO	C	-1.22%
DCO	A	-1.21%
IDT	A	-1.18%
EGY	B	-1.15%
CLW	B	-1.11%
DXPE	B	-1.1%
AMBC	D	-1.1%
ZEUS	F	-1.08%
UVSP	A	-1.04%
BELFB	B	-0.98%
UWMC	C	-0.98%
BRY	B	-0.97%
EZPW	C	-0.96%
MLR	A	-0.93%
OSBC	B	-0.92%
LEU	C	-0.92%
ARHS	D	-0.91%
HCKT	D	-0.9%
WSR	D	-0.89%
MBWM	B	-0.88%
KE	D	-0.88%
CFB	D	-0.87%
TTI	F	-0.87%
IBCP	B	-0.86%
PLOW	D	-0.85%
HTBK	D	-0.81%
BFST	D	-0.8%
GATO	B	-0.79%
GSBC	B	-0.75%
TITN	D	-0.75%
LMB	C	-0.75%
SD	C	-0.74%
RICK	F	-0.73%
DENN	F	-0.72%
NPK	A	-0.71%
AVNW	F	-0.71%
AMAL	B	-0.71%
DHIL	C	-0.71%
VPG	D	-0.7%
HVT	F	-0.69%
CCB	B	-0.69%
LYTS	B	-0.68%
HDSN	F	-0.67%
HTBI	B	-0.66%
CYH	B	-0.66%
CENT	D	-0.65%
LQDT	D	-0.65%
OSUR	D	-0.65%
BHB	B	-0.64%
THFF	B	-0.64%
SMBC	D	-0.64%
BBW	A	-0.63%
VYGR	D	-0.62%
CWCO	D	-0.62%
OLP	A	-0.6%
CCBG	D	-0.6%
ODC	B	-0.59%
KRNY	F	-0.58%
NBN	C	-0.57%
SIGA	A	-0.57%
RMR	B	-0.57%
CSV	B	-0.57%
GNE	F	-0.57%
PAHC	A	-0.56%
BOOM	F	-0.54%
ARTNA	D	-0.54%
GLRE	A	-0.54%
NWPX	C	-0.53%
OSG	B	-0.53%
KODK	D	-0.52%
SPFI	B	-0.52%
SPOK	F	-0.52%
AVD	C	-0.51%
ESQ	C	-0.5%
MCFT	F	-0.5%
MOFG	D	-0.49%
LINC	A	-0.49%
JOUT	F	-0.45%
AMPY	B	-0.44%
SOI	B	-0.44%
BSRR	B	-0.44%
NEWT	D	-0.43%
NRIM	C	-0.43%
FSBC	D	-0.42%
PBPB	F	-0.42%
PANL	C	-0.41%
HBT	B	-0.4%
RM	B	-0.39%
WTI	F	-0.38%
ONEW	F	-0.38%
FET	F	-0.37%
LOCO	C	-0.37%
NECB	B	-0.37%
MVBF	F	-0.37%
FSBW	C	-0.36%
BCML	C	-0.35%
INSE	F	-0.35%
CVLY	B	-0.34%
TSBK	D	-0.33%
OBT	B	-0.32%
OMER	C	-0.32%
AFCG	B	-0.31%
PKOH	C	-0.31%
NATH	D	-0.3%
EPM	F	-0.29%
KFS	A	-0.29%
GENC	A	-0.29%
IPI	D	-0.29%
RLGT	F	-0.29%
PLBC	B	-0.28%
OVLY	C	-0.27%
CMT	D	-0.24%
LEGH	D	-0.24%
TSQ	B	-0.24%
FF	B	-0.24%
MEC	B	-0.24%
MPX	C	-0.23%
STKS	C	-0.23%
QUAD	D	-0.23%
RNGR	F	-0.23%
INTT	F	-0.22%
OCN	D	-0.22%
LSEA	F	-0.21%
HNRG	F	-0.21%
ATLC	F	-0.21%
EVC	C	-0.21%
CMPO	B	-0.2%
III	F	-0.17%
RCMT	F	-0.17%
KLXE	F	-0.16%
MNSB	D	-0.15%
REI	B	-0.14%
HGBL	F	-0.13%
BGFV	F	-0.13%
ASRT	D	-0.13%
TUSK	F	-0.12%
CCRD	C	-0.12%
TZOO	D	-0.09%
CMBM	F	-0.07%