FFSM vs. FYT ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to First Trust Small Cap Value AlphaDEX Fund (FYT)

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

$29.06

Average Daily Volume

28,472

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

FYT

First Trust Small Cap Value AlphaDEX Fund

FYT 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 Nasdaq AlphaDEX® Small Cap Value Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is designed to select value stocks from the NASDAQ US 700 Small Cap Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.

Grade (RS Rating)

Last Trade

$59.55

Average Daily Volume

10,617

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	FYT
30 Days	7.11%	9.77%
60 Days	5.92%	7.74%
90 Days	6.92%	6.59%
12 Months	35.08%	25.70%

16 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in FYT	Overlap
AMN	F	0.27%	0.29%	0.27%
ARCB	C	0.3%	0.36%	0.3%
CC	C	0.01%	0.11%	0.01%
CXT	B	0.36%	0.25%	0.25%
EBC	B	0.49%	0.55%	0.49%
FIBK	A	0.01%	0.4%	0.01%
GRBK	D	0.3%	0.3%	0.3%
HAYW	B	0.51%	0.12%	0.12%
KFRC	D	0.18%	0.11%	0.11%
LAUR	A	0.24%	0.41%	0.24%
LCII	C	0.29%	0.24%	0.24%
OMI	F	0.12%	0.28%	0.12%
PATK	D	0.2%	0.23%	0.2%
PBH	A	0.06%	0.28%	0.06%
TCBK	B	0.08%	0.4%	0.08%
UPBD	B	0.3%	0.12%	0.12%

FFSM Overweight 155 Positions Relative to FYT

Symbol	Grade	Weight
EME	C	1.81%
UHS	D	1.5%
FTI	A	1.47%
TPX	B	1.46%
ACGL	D	1.45%
EXP	A	1.44%
MUSA	A	1.34%
NSIT	F	1.33%
AR	B	1.27%
BJ	A	1.22%
FN	D	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%
ORI	A	0.96%
SNX	C	0.95%
DOX	D	0.92%
AIZ	A	0.91%
BOOT	D	0.9%
TMDX	F	0.9%
LNG	B	0.9%
DFS	B	0.89%
AIT	A	0.88%
SNV	B	0.88%
DKS	C	0.84%
STX	D	0.84%
AYI	B	0.81%
TGLS	B	0.81%
FAF	A	0.77%
ALSN	B	0.76%
BC	C	0.76%
VTR	C	0.76%
RGA	A	0.76%
NXST	C	0.75%
SF	B	0.75%
PNFP	B	0.73%
PCG	A	0.72%
HLI	B	0.71%
GPK	C	0.71%
AEIS	B	0.66%
ACM	A	0.66%
ASGN	F	0.65%
AES	F	0.65%
LPX	B	0.65%
KBH	D	0.64%
FCNCA	A	0.63%
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	B	0.59%
CBT	C	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	A	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
PRI	A	0.56%
EPRT	B	0.56%
HOLX	D	0.56%
XPO	B	0.56%
BCO	D	0.56%
CHDN	B	0.54%
ESI	A	0.54%
CIEN	B	0.53%
ASO	F	0.53%
WTFC	A	0.52%
CRL	C	0.52%
CWK	B	0.51%
RJF	A	0.51%
PVH	C	0.51%
IESC	B	0.51%
GMS	B	0.51%
WIX	B	0.5%
AFG	A	0.49%
CTRE	D	0.49%
EAT	A	0.47%
CNM	D	0.47%
KBR	F	0.46%
BOKF	B	0.46%
BLDR	D	0.46%
TENB	C	0.45%
OLN	D	0.45%
PRCT	B	0.44%
LITE	B	0.44%
NOMD	D	0.42%
AXTA	A	0.42%
TEX	D	0.42%
ARGX	A	0.41%
COMP	B	0.4%
LW	C	0.4%
MASI	A	0.39%
IP	B	0.37%
CAH	B	0.36%
GVA	A	0.35%
RUSHA	C	0.35%
AZZ	B	0.34%
GTES	A	0.33%
WFRD	D	0.33%
PCVX	D	0.32%
FLEX	A	0.31%
AZEK	A	0.3%
MTB	A	0.3%
SKY	A	0.3%
LEA	D	0.3%
CNXC	F	0.29%
IBTX	B	0.29%
FBP	B	0.29%
DIOD	D	0.27%
ALGM	D	0.24%
DOOO	F	0.23%
CRNX	C	0.19%
ACLX	C	0.19%
RGEN	D	0.19%
CYTK	F	0.18%
MDGL	B	0.16%
NUVL	D	0.16%
AAP	C	0.15%
XPRO	F	0.14%
MNDY	C	0.14%
KROS	D	0.13%
ELVN	D	0.12%
VCEL	B	0.12%
VRDN	D	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%
MRUS	F	0.07%
ARVN	D	0.04%
ATKR	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 240 Positions Relative to FYT

Symbol	Grade	Weight
CXW	B	-1.05%
RIOT	C	-1.01%
GBX	A	-0.78%
VTLE	C	-0.75%
BMBL	C	-0.75%
CTOS	C	-0.74%
BFH	B	-0.74%
JBT	B	-0.74%
CUBI	C	-0.72%
ECVT	C	-0.72%
TGNA	B	-0.71%
CABO	C	-0.71%
GPOR	B	-0.71%
DNOW	B	-0.7%
PINC	B	-0.69%
GEF	A	-0.69%
TALO	C	-0.68%
ULH	B	-0.68%
HTZ	C	-0.68%
HELE	C	-0.67%
KMT	B	-0.67%
TDS	B	-0.67%
EIG	B	-0.67%
CRGY	B	-0.66%
SPNT	A	-0.66%
REZI	A	-0.65%
RLJ	C	-0.65%
UVV	B	-0.64%
WS	B	-0.64%
APLE	B	-0.64%
GT	C	-0.63%
BTU	B	-0.62%
PK	B	-0.62%
IART	C	-0.62%
VAC	B	-0.61%
INVA	D	-0.61%
AVA	A	-0.61%
KOS	F	-0.6%
SHO	C	-0.6%
PLAB	C	-0.6%
PARR	D	-0.6%
PRDO	B	-0.59%
EPC	D	-0.59%
INDB	B	-0.59%
GIII	D	-0.58%
RES	D	-0.58%
TRMK	B	-0.58%
PHIN	A	-0.57%
VC	D	-0.57%
ZD	C	-0.57%
BY	B	-0.57%
PEBO	A	-0.57%
USM	B	-0.57%
IMKTA	C	-0.57%
CAL	D	-0.56%
WKC	D	-0.56%
FFBC	A	-0.56%
FOR	F	-0.55%
GHC	C	-0.54%
MRC	B	-0.53%
GEO	B	-0.53%
CCS	D	-0.52%
HOV	D	-0.52%
SAH	A	-0.52%
SEB	F	-0.52%
DRH	B	-0.51%
NWN	A	-0.51%
VSCO	B	-0.51%
DBRG	F	-0.51%
GES	F	-0.5%
EQC	B	-0.5%
CVI	F	-0.5%
AMWD	C	-0.5%
WMK	C	-0.5%
CENTA	C	-0.5%
SCSC	B	-0.5%
OEC	C	-0.49%
CRK	B	-0.49%
LZB	B	-0.49%
BV	B	-0.49%
CMCO	B	-0.49%
LADR	B	-0.49%
VSH	D	-0.49%
KSS	F	-0.48%
SBH	C	-0.48%
PRG	C	-0.48%
NWE	B	-0.48%
HIW	D	-0.47%
MLKN	D	-0.47%
NAVI	C	-0.47%
ANDE	D	-0.47%
CVBF	A	-0.46%
ABR	C	-0.46%
PDCO	D	-0.45%
CASH	A	-0.44%
BANR	B	-0.44%
VSTS	C	-0.44%
BNL	D	-0.44%
PLYA	B	-0.44%
WSBC	A	-0.43%
CATY	B	-0.43%
EFSC	B	-0.42%
ADNT	F	-0.42%
FRME	B	-0.42%
FULT	A	-0.42%
HY	D	-0.42%
PFBC	B	-0.42%
SASR	B	-0.42%
RNST	B	-0.41%
SFNC	B	-0.41%
VRTS	B	-0.41%
BKU	A	-0.41%
WSFS	A	-0.41%
PTVE	B	-0.41%
SNDR	B	-0.4%
XRX	F	-0.4%
VBTX	B	-0.4%
HUBG	A	-0.4%
KALU	C	-0.4%
ALG	B	-0.39%
HOPE	B	-0.39%
NX	C	-0.39%
SRCE	B	-0.39%
BKE	B	-0.39%
FCF	A	-0.39%
MCRI	A	-0.38%
MODG	F	-0.37%
WERN	C	-0.37%
BUSE	B	-0.37%
DAN	D	-0.37%
WGO	C	-0.36%
IPGP	D	-0.36%
KLG	C	-0.36%
XHR	B	-0.36%
LILAK	D	-0.36%
UNF	B	-0.35%
SPB	C	-0.34%
PEB	D	-0.34%
MRTN	C	-0.34%
SJW	D	-0.34%
LC	A	-0.33%
TTMI	B	-0.32%
SNEX	B	-0.31%
LGIH	D	-0.31%
SSTK	F	-0.31%
ASB	B	-0.3%
HMN	B	-0.29%
VSAT	F	-0.29%
KAR	B	-0.29%
FHB	A	-0.29%
HLF	C	-0.29%
CSGS	B	-0.28%
SCVL	F	-0.28%
FHI	A	-0.28%
CAR	C	-0.28%
DFH	D	-0.28%
NIC	B	-0.28%
CRI	D	-0.28%
GOGO	C	-0.27%
NWBI	B	-0.27%
FBNC	A	-0.27%
SBCF	A	-0.27%
MTX	B	-0.26%
ENOV	C	-0.26%
IOSP	B	-0.26%
GO	C	-0.26%
ABM	B	-0.26%
TOWN	B	-0.26%
BHE	B	-0.26%
STBA	B	-0.25%
ALEX	C	-0.25%
LNN	B	-0.25%
WAFD	B	-0.25%
PSMT	C	-0.24%
DK	C	-0.24%
OFG	B	-0.24%
HTH	B	-0.24%
SCL	C	-0.24%
KWR	C	-0.24%
ROCK	C	-0.24%
ARI	C	-0.24%
DFIN	D	-0.23%
SYNA	C	-0.23%
SHEN	F	-0.22%
THRM	D	-0.22%
DEA	D	-0.22%
YETI	C	-0.22%
ROG	D	-0.22%
ODP	F	-0.21%
FOXF	F	-0.19%
AVNS	F	-0.18%
MYRG	B	-0.17%
UPWK	B	-0.17%
PFS	B	-0.14%
MGPI	F	-0.14%
FDP	B	-0.14%
FBK	B	-0.14%
CBU	B	-0.14%
TCBI	B	-0.14%
MCW	B	-0.14%
AIR	B	-0.13%
HLIO	B	-0.13%
DEI	B	-0.13%
SAM	C	-0.13%
IVT	B	-0.13%
GNW	A	-0.13%
PPBI	B	-0.13%
NBTB	B	-0.13%
ROIC	A	-0.13%
BHF	B	-0.13%
CVCO	A	-0.13%
BHLB	B	-0.13%
MSGE	F	-0.12%
OI	C	-0.12%
PGRE	F	-0.12%
STC	B	-0.12%
CNMD	C	-0.12%
XPEL	C	-0.12%
MTRN	C	-0.12%
MSEX	B	-0.12%
SAFT	C	-0.12%
EVTC	B	-0.12%
JBGS	D	-0.11%
CWEN	C	-0.11%
LXP	D	-0.11%
NNI	D	-0.11%
NVEE	F	-0.11%
CNXN	C	-0.11%
AIN	C	-0.11%
RC	D	-0.11%
NMRK	B	-0.11%
SHLS	F	-0.1%
GPRE	F	-0.1%
GIC	D	-0.1%
PLUS	F	-0.1%
SHOO	D	-0.1%
CMTG	F	-0.1%
OXM	D	-0.1%
BLMN	F	-0.09%
OLPX	D	-0.09%