FFSM vs. FTEC ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Fidelity MSCI Information Technology Index ETF (FTEC)

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

$25.68

Average Daily Volume

20,415

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$158.49

Average Daily Volume

237,024

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	FTEC
30 Days	4.83%	9.19%
60 Days	-0.84%	1.78%
90 Days	2.74%	1.39%
12 Months	29.28%	28.54%

22 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in FTEC	Overlap
AEIS	B	0.66%	0.07%	0.07%
ALGM	D	0.34%	0.06%	0.06%
ASGN	C	0.75%	0.07%	0.07%
CACC	D	0.44%	0.05%	0.05%
CIEN	D	0.56%	0.09%	0.09%
DIOD	D	0.33%	0.06%	0.06%
DT	D	0.61%	0.13%	0.13%
FIVN	F	0.33%	0.05%	0.05%
FLEX	C	0.33%	0.14%	0.14%
FN	B	0.99%	0.11%	0.11%
FROG	D	0.37%	0.05%	0.05%
ICHR	D	0.37%	0.03%	0.03%
LITE	F	0.34%	0.06%	0.06%
LSCC	F	0.45%	0.11%	0.11%
MTSI	B	0.58%	0.08%	0.08%
NSIT	A	0.98%	0.08%	0.08%
ON	F	0.72%	0.25%	0.25%
PRO	F	0.28%	0.03%	0.03%
SNX	A	0.83%	0.12%	0.12%
STX	C	0.72%	0.16%	0.16%
TENB	F	0.54%	0.07%	0.07%
VNT	D	0.79%	0.08%	0.08%

FFSM Overweight 135 Positions Relative to FTEC

Symbol	Grade	Weight
VRT	B	1.71%
FTI	B	1.68%
EME	A	1.65%
AR	C	1.58%
TPX	C	1.49%
AZO	D	1.47%
ACGL	A	1.33%
MUSA	A	1.27%
UHS	C	1.23%
BJ	B	1.22%
MOH	D	1.21%
CROX	B	1.17%
ITT	A	1.14%
PFGC	D	1.11%
RRX	D	1.09%
EXP	A	1.08%
LPLA	C	1.06%
USFD	B	1.05%
DKS	D	0.98%
DOX	F	0.98%
WHD	C	0.97%
CACI	A	0.96%
XPO	D	0.96%
CHDN	B	0.94%
DFS	C	0.89%
ORI	A	0.89%
LNG	D	0.88%
AIZ	D	0.88%
ATKR	D	0.87%
AME	D	0.85%
NXST	B	0.82%
JLL	B	0.81%
AYI	C	0.81%
BC	D	0.81%
AIT	C	0.79%
BECN	C	0.76%
FAF	D	0.75%
TGLS	C	0.74%
GVA	A	0.74%
SN	A	0.72%
MEDP	D	0.72%
PVH	D	0.71%
PCG	B	0.7%
CC	B	0.69%
GPK	C	0.68%
CNM	A	0.68%
KBR	B	0.67%
ACHC	D	0.67%
ALSN	D	0.66%
FCNCA	B	0.66%
ACM	D	0.66%
CRL	D	0.66%
AES	B	0.65%
RGA	A	0.65%
STLD	D	0.64%
CMC	B	0.64%
SNV	A	0.63%
PNFP	C	0.63%
HLI	A	0.63%
G	D	0.63%
BOOT	C	0.63%
FSS	A	0.59%
VTR	B	0.59%
PRI	D	0.59%
MMS	B	0.59%
HOLX	D	0.59%
CAH	F	0.58%
WBS	D	0.58%
CADE	B	0.58%
RJF	B	0.57%
CBT	A	0.54%
KBH	B	0.54%
LBRT	B	0.54%
OLN	D	0.54%
PGNY	F	0.53%
ESI	D	0.52%
AFG	C	0.52%
WTFC	B	0.51%
EXLS	C	0.5%
LPX	A	0.5%
HAYW	C	0.5%
TEX	C	0.5%
EPRT	A	0.48%
BCO	A	0.47%
OI	F	0.47%
BOKF	A	0.44%
CHX	D	0.43%
EBC	B	0.43%
LEA	D	0.4%
ASO	F	0.4%
TMDX	B	0.4%
CWK	B	0.39%
WSC	D	0.39%
NOMD	C	0.39%
FIBK	B	0.38%
NOG	C	0.38%
FBP	A	0.35%
CNXC	F	0.34%
ESGR	A	0.34%
DOOO	C	0.34%
LAUR	B	0.33%
RUSHA	D	0.32%
ARGX	D	0.31%
LCII	D	0.29%
OMI	F	0.28%
EAT	A	0.28%
MTB	A	0.27%
RGEN	D	0.24%
HELE	D	0.21%
IBTX	C	0.21%
KFRC	D	0.2%
CSTM	D	0.19%
CRNX	B	0.18%
PATK	C	0.18%
XPRO	B	0.17%
MDGL	D	0.16%
INSM	D	0.15%
CYTK	D	0.15%
VCEL	B	0.14%
ECPG	C	0.13%
CLDX	D	0.12%
NUVL	D	0.11%
ICLR	D	0.11%
ACLX	F	0.1%
PCVX	D	0.09%
XENE	D	0.09%
AXSM	D	0.09%
PBH	D	0.07%
TCBK	B	0.07%
ARVN	F	0.06%
TXG	F	0.04%
MORF	F	0.04%
ZNTL	F	0.02%
KROS	D	0.02%
ALXO	C	0.01%

FFSM Underweight 264 Positions Relative to FTEC

Symbol	Grade	Weight
MSFT	C	-17.34%
AAPL	B	-15.31%
NVDA	B	-13.29%
AVGO	C	-4.4%
CRM	D	-1.96%
AMD	D	-1.83%
QCOM	A	-1.61%
ADBE	D	-1.57%
ORCL	D	-1.44%
ACN	D	-1.37%
CSCO	D	-1.35%
INTU	D	-1.33%
AMAT	C	-1.32%
TXN	A	-1.27%
IBM	D	-1.11%
NOW	D	-1.11%
MU	B	-1.0%
LRCX	D	-0.93%
INTC	F	-0.9%
ADI	A	-0.85%
KLAC	A	-0.77%
PANW	B	-0.71%
SNPS	D	-0.65%
APH	A	-0.6%
ANET	B	-0.59%
CDNS	D	-0.59%
CRWD	C	-0.58%
NXPI	A	-0.52%
MRVL	D	-0.48%
MSI	A	-0.45%
ROP	D	-0.43%
WDAY	F	-0.41%
MCHP	C	-0.4%
SMCI	D	-0.37%
ADSK	D	-0.35%
TEL	A	-0.35%
DELL	B	-0.34%
SNOW	F	-0.33%
PLTR	D	-0.3%
FTNT	F	-0.3%
MPWR	B	-0.29%
CTSH	D	-0.27%
IT	D	-0.27%
FICO	C	-0.27%
DDOG	D	-0.26%
HPQ	C	-0.25%
GLW	B	-0.24%
CDW	D	-0.24%
HUBS	D	-0.23%
ANSS	D	-0.23%
FSLR	B	-0.23%
MSTR	D	-0.22%
WDC	B	-0.21%
MDB	F	-0.21%
TEAM	D	-0.21%
HPE	D	-0.2%
NTAP	B	-0.2%
KEYS	D	-0.2%
TER	A	-0.19%
NET	F	-0.18%
GDDY	A	-0.18%
TYL	A	-0.18%
PTC	D	-0.18%
ENTG	D	-0.17%
PSTG	C	-0.17%
NTNX	A	-0.17%
APP	B	-0.17%
TDY	D	-0.16%
ENPH	F	-0.15%
ZBRA	B	-0.15%
JBL	D	-0.14%
ZS	F	-0.14%
VRSN	F	-0.14%
ZM	D	-0.14%
OKTA	D	-0.14%
MANH	D	-0.13%
AKAM	F	-0.13%
TRMB	D	-0.13%
SWKS	F	-0.13%
ONTO	B	-0.12%
JNPR	D	-0.11%
BSY	A	-0.11%
DOCU	B	-0.11%
QRVO	F	-0.1%
MKSI	C	-0.1%
CGNX	B	-0.1%
EPAM	F	-0.1%
ESTC	B	-0.1%
COHR	D	-0.1%
FFIV	D	-0.1%
GWRE	B	-0.1%
TWLO	D	-0.1%
PATH	F	-0.09%
ARW	B	-0.09%
SPSC	B	-0.09%
CRUS	A	-0.09%
IOT	B	-0.09%
KD	A	-0.09%
OLED	B	-0.09%
ITRI	B	-0.08%
DBX	F	-0.08%
PCOR	D	-0.08%
MARA	D	-0.08%
NOVT	D	-0.08%
FORM	A	-0.08%
CFLT	D	-0.08%
LFUS	B	-0.08%
BMI	A	-0.08%
ACIW	A	-0.07%
SANM	B	-0.07%
DLB	C	-0.07%
QLYS	F	-0.07%
CWAN	C	-0.07%
QTWO	A	-0.07%
BDC	B	-0.07%
GTLB	F	-0.07%
SMTC	B	-0.07%
PRFT	B	-0.07%
APPF	B	-0.07%
VRNS	D	-0.07%
POWI	C	-0.07%
S	D	-0.07%
ALTR	B	-0.07%
ZETA	A	-0.07%
AVT	A	-0.07%
SMAR	D	-0.07%
CVLT	A	-0.07%
PI	C	-0.07%
RMBS	D	-0.07%
HCP	B	-0.07%
SITM	B	-0.06%
RIOT	F	-0.06%
VECO	B	-0.06%
AI	F	-0.06%
WOLF	F	-0.06%
CLSK	D	-0.06%
VSH	C	-0.06%
ALRM	D	-0.06%
RNG	C	-0.06%
SQSP	A	-0.06%
IDCC	B	-0.06%
BOX	D	-0.06%
AGYS	B	-0.06%
SYNA	F	-0.06%
U	F	-0.06%
BLKB	C	-0.06%
WK	D	-0.06%
ACLS	C	-0.06%
PLXS	B	-0.06%
SLAB	D	-0.06%
AMKR	B	-0.06%
BILL	F	-0.06%
RPD	F	-0.05%
VERX	C	-0.05%
SEDG	F	-0.05%
MIR	D	-0.05%
AUR	C	-0.05%
BL	D	-0.05%
DXC	F	-0.05%
PRGS	F	-0.05%
VRNT	C	-0.05%
AMBA	F	-0.05%
PLUS	B	-0.05%
UCTT	C	-0.05%
BRZE	F	-0.05%
TTMI	A	-0.05%
ROG	C	-0.05%
OSIS	C	-0.05%
CALX	F	-0.05%
DOCN	D	-0.05%
RAMP	F	-0.05%
TDC	F	-0.05%
KLIC	D	-0.05%
IPGP	D	-0.05%
PEGA	D	-0.05%
CRDO	D	-0.05%
ZUO	B	-0.04%
PAR	C	-0.04%
MXL	F	-0.04%
ENV	B	-0.04%
EXTR	F	-0.04%
EVBG	D	-0.04%
CXM	F	-0.04%
INFA	D	-0.04%
DV	F	-0.04%
XRX	D	-0.04%
NTCT	F	-0.04%
COHU	F	-0.04%
FRSH	F	-0.04%
BHE	A	-0.04%
CTS	A	-0.04%
NCNO	C	-0.04%
PLAB	B	-0.04%
KN	B	-0.04%
VIAV	F	-0.04%
NSSC	B	-0.04%
INTA	C	-0.04%
PDFS	C	-0.04%
VSAT	D	-0.03%
SOUN	D	-0.03%
ACMR	D	-0.03%
FSLY	F	-0.03%
SGH	F	-0.03%
ATEN	B	-0.03%
PDFS	C	-0.03%
INFN	D	-0.03%
ARLO	C	-0.03%
APPN	F	-0.03%
SPT	F	-0.03%
MODN	B	-0.03%
ALKT	B	-0.03%
PWSC	D	-0.03%
ASAN	F	-0.03%
HLIT	D	-0.03%
SCSC	A	-0.03%
YOU	F	-0.03%
YEXT	F	-0.02%
SEMR	A	-0.02%
KE	C	-0.02%
MITK	B	-0.02%
LASR	B	-0.02%
GDYN	F	-0.02%
SWI	C	-0.02%
IBUY	D	-0.02%
AOSL	B	-0.02%
BELFB	B	-0.02%
CNXN	C	-0.02%
BASE	C	-0.02%
ETWO	C	-0.02%
NABL	D	-0.02%
JAMF	C	-0.02%
INDI	F	-0.02%
DGII	F	-0.02%
APPS	F	-0.01%
DOMO	F	-0.01%
MVIS	F	-0.01%
CIFR	D	-0.01%
COMM	F	-0.01%
NNBR	D	-0.01%
TWKS	C	-0.01%
WEAV	F	-0.01%
RBBN	C	-0.01%
AEHR	F	-0.01%
ENFN	D	-0.01%
LWLG	F	-0.01%
AMSWA	F	-0.01%
NTGR	F	-0.01%
DMRC	F	-0.01%
CCSI	D	-0.01%
APLD	F	-0.01%
MLNK	F	-0.01%
MEI	F	-0.01%
VPG	F	-0.01%
OSPN	C	-0.01%
CEVA	F	-0.01%
CLFD	B	-0.01%
AAOI	F	-0.01%
DJCO	B	-0.01%
OLO	F	-0.01%
BIGC	D	-0.01%
CRSR	F	-0.01%
HCKT	F	-0.01%
CRNC	F	-0.0%
LAW	D	-0.0%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Telecom Services Business Services Computer Systems Semiconductor Memory Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution