FFSM vs. FXO ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to First Trust Financials AlphaDEX (FXO)

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

$28.75

Average Daily Volume

27,802

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO 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 StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.42

Average Daily Volume

54,562

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	FXO
30 Days	5.05%	7.73%
60 Days	4.89%	12.20%
90 Days	5.78%	14.01%
12 Months	33.64%	49.93%

16 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in FXO	Overlap
ACGL	C	1.45%	1.35%	1.35%
AFG	A	0.49%	0.3%	0.3%
AIZ	A	0.91%	0.31%	0.31%
BOKF	B	0.46%	0.63%	0.46%
DFS	B	0.89%	0.36%	0.36%
FAF	A	0.77%	0.28%	0.28%
FCNCA	A	0.63%	1.06%	0.63%
HLI	A	0.71%	1.34%	0.71%
MTB	A	0.3%	1.09%	0.3%
ORI	A	0.96%	0.61%	0.61%
PNFP	B	0.73%	0.36%	0.36%
RGA	A	0.76%	0.3%	0.3%
RJF	A	0.51%	0.38%	0.38%
SF	B	0.75%	0.36%	0.36%
WBS	A	0.57%	1.48%	0.57%
WTFC	A	0.52%	1.1%	0.52%

FFSM Overweight 155 Positions Relative to FXO

Symbol	Grade	Weight
EME	A	1.81%
UHS	D	1.5%
FTI	A	1.47%
TPX	B	1.46%
EXP	B	1.44%
MUSA	B	1.34%
NSIT	F	1.33%
AR	B	1.27%
BJ	A	1.22%
FN	C	1.22%
ITT	A	1.2%
CROX	D	1.17%
PFGC	B	1.16%
USFD	A	1.16%
VRT	B	1.14%
SN	D	1.11%
JLL	D	1.1%
MOH	F	1.1%
CACI	D	1.06%
WHD	B	1.01%
CR	A	1.01%
RRX	B	1.01%
SNX	D	0.95%
DOX	D	0.92%
BOOT	C	0.9%
TMDX	F	0.9%
LNG	A	0.9%
AIT	B	0.88%
SNV	C	0.88%
DKS	D	0.84%
STX	C	0.84%
AYI	B	0.81%
TGLS	B	0.81%
ALSN	B	0.76%
BC	C	0.76%
VTR	B	0.76%
NXST	C	0.75%
PCG	A	0.72%
GPK	C	0.71%
AEIS	C	0.66%
ACM	B	0.66%
ASGN	F	0.65%
AES	F	0.65%
LPX	B	0.65%
KBH	D	0.64%
ON	D	0.62%
BECN	B	0.61%
MMS	F	0.6%
CMC	B	0.6%
FSS	B	0.6%
LBRT	D	0.59%
G	B	0.59%
VNT	C	0.59%
CBT	D	0.59%
CADE	B	0.59%
NOG	B	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
PRI	B	0.56%
EPRT	B	0.56%
HOLX	D	0.56%
XPO	B	0.56%
BCO	F	0.56%
CHDN	B	0.54%
ESI	B	0.54%
CIEN	C	0.53%
ASO	F	0.53%
CRL	D	0.52%
CWK	C	0.51%
PVH	C	0.51%
HAYW	B	0.51%
IESC	C	0.51%
GMS	B	0.51%
WIX	A	0.5%
EBC	B	0.49%
CTRE	C	0.49%
EAT	A	0.47%
CNM	D	0.47%
KBR	F	0.46%
BLDR	D	0.46%
TENB	C	0.45%
OLN	F	0.45%
PRCT	B	0.44%
LITE	B	0.44%
NOMD	D	0.42%
AXTA	B	0.42%
TEX	F	0.42%
ARGX	B	0.41%
COMP	B	0.4%
LW	C	0.4%
MASI	B	0.39%
IP	A	0.37%
CXT	C	0.36%
CAH	B	0.36%
GVA	A	0.35%
RUSHA	C	0.35%
AZZ	A	0.34%
GTES	A	0.33%
WFRD	D	0.33%
PCVX	D	0.32%
FLEX	B	0.31%
AZEK	A	0.3%
UPBD	B	0.3%
ARCB	C	0.3%
SKY	A	0.3%
LEA	F	0.3%
GRBK	D	0.3%
CNXC	F	0.29%
IBTX	B	0.29%
FBP	C	0.29%
LCII	C	0.29%
DIOD	D	0.27%
AMN	F	0.27%
ALGM	D	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	C	0.2%
CRNX	C	0.19%
ACLX	C	0.19%
RGEN	D	0.19%
KFRC	D	0.18%
CYTK	F	0.18%
MDGL	B	0.16%
NUVL	C	0.16%
AAP	D	0.15%
XPRO	D	0.14%
MNDY	C	0.14%
KROS	D	0.13%
ELVN	D	0.12%
VCEL	B	0.12%
VRDN	D	0.12%
OMI	F	0.12%
AXSM	B	0.11%
ANAB	F	0.11%
CSTM	F	0.11%
TYRA	F	0.11%
COGT	D	0.11%
LBPH	A	0.1%
ICLR	D	0.1%
CLDX	F	0.1%
XENE	D	0.09%
AUTL	F	0.08%
TCBK	C	0.08%
MRUS	F	0.07%
PBH	A	0.06%
ARVN	F	0.04%
ATKR	D	0.01%
FIBK	B	0.01%
CC	C	0.01%
LPLA	A	0.01%
STLD	B	0.01%
AME	A	0.01%
ALXO	F	0.0%
EWTX	C	0.0%
ZNTL	F	0.0%

FFSM Underweight 85 Positions Relative to FXO

Symbol	Grade	Weight
JHG	B	-1.82%
JEF	A	-1.81%
GS	A	-1.8%
KKR	A	-1.75%
AGO	B	-1.74%
TPG	A	-1.73%
WTM	A	-1.72%
TROW	B	-1.67%
CINF	A	-1.66%
BEN	C	-1.62%
AMG	B	-1.6%
ALL	A	-1.56%
PGR	A	-1.54%
MTG	C	-1.46%
BPOP	C	-1.45%
RNR	C	-1.43%
EG	C	-1.42%
UNM	A	-1.4%
COLB	B	-1.38%
BX	A	-1.37%
SEIC	B	-1.36%
FNB	A	-1.35%
OMF	A	-1.34%
EQH	C	-1.31%
LNC	C	-1.28%
OZK	B	-1.28%
MKL	A	-1.26%
RYAN	A	-1.23%
AXS	A	-1.23%
L	A	-1.21%
TW	A	-1.2%
GL	C	-1.19%
FHN	A	-1.18%
WFC	A	-1.17%
BRK.A	B	-1.17%
ALLY	C	-1.17%
ZION	B	-1.15%
MS	A	-1.15%
EWBC	A	-1.14%
CNA	C	-1.14%
HBAN	A	-1.08%
NTRS	A	-1.07%
UWMC	D	-1.02%
NU	C	-1.01%
C	A	-0.99%
SOFI	B	-0.98%
STT	B	-0.97%
BRO	B	-0.96%
CRBG	B	-0.95%
SLM	A	-0.95%
MCO	B	-0.92%
HIG	B	-0.9%
CB	C	-0.9%
AFL	B	-0.89%
AMP	A	-0.69%
CMA	B	-0.68%
OWL	A	-0.68%
FHB	B	-0.68%
VIRT	A	-0.67%
BAC	A	-0.67%
PB	B	-0.66%
JPM	A	-0.66%
PNC	B	-0.65%
RF	A	-0.65%
CFG	B	-0.65%
FITB	B	-0.64%
TRV	B	-0.63%
USB	A	-0.63%
BK	A	-0.62%
WRB	A	-0.61%
WAL	B	-0.61%
VOYA	B	-0.59%
APO	B	-0.38%
CFR	B	-0.36%
CBSH	B	-0.35%
KEY	B	-0.33%
MORN	B	-0.31%
AIG	B	-0.3%
PRU	A	-0.3%
AJG	A	-0.3%
PFG	D	-0.29%
STWD	C	-0.28%
FNF	B	-0.28%
XP	F	-0.27%
AGNC	C	-0.26%