FFSM vs. IMCG ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to iShares Morningstar Mid-Cap Growth ETF (IMCG)

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

$27.39

Average Daily Volume

27,066

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

IMCG

iShares Morningstar Mid-Cap Growth ETF

IMCG Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Growth IndexSM composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average "growth" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

Grade (RS Rating)

Last Trade

$72.91

Average Daily Volume

92,444

Number of Holdings ^*

299

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	IMCG
30 Days	1.83%	3.85%
60 Days	2.56%	6.05%
90 Days	8.77%	7.62%
12 Months	29.68%	27.67%

29 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in IMCG	Overlap
ACGL	B	1.25%	0.25%	0.25%
ACM	B	0.58%	0.16%	0.16%
AFG	C	0.48%	0.07%	0.07%
AME	C	0.76%	0.73%	0.73%
AZO	B	1.41%	0.96%	0.96%
BJ	D	1.32%	0.08%	0.08%
CHDN	D	0.58%	0.18%	0.18%
CNM	F	0.58%	0.15%	0.15%
CRL	F	0.65%	0.12%	0.12%
DFS	C	0.93%	0.38%	0.38%
DKS	D	0.88%	0.1%	0.1%
EME	B	1.59%	0.38%	0.38%
FCNCA	D	0.73%	0.45%	0.45%
FLEX	B	0.3%	0.08%	0.08%
LNG	D	0.94%	0.23%	0.23%
LPLA	D	0.64%	0.3%	0.3%
LW	D	0.38%	0.18%	0.18%
MEDP	F	0.66%	0.17%	0.17%
MOH	D	1.11%	0.21%	0.21%
ON	D	0.67%	0.2%	0.2%
PCG	C	0.68%	0.33%	0.33%
PFGC	B	1.03%	0.22%	0.22%
RJF	C	0.48%	0.26%	0.26%
RRX	C	0.99%	0.12%	0.12%
UHS	C	1.42%	0.12%	0.12%
USFD	C	1.05%	0.13%	0.13%
VRT	C	0.91%	0.64%	0.64%
VTR	C	0.66%	0.16%	0.16%
XPO	D	0.61%	0.16%	0.16%

FFSM Overweight 140 Positions Relative to IMCG

Symbol	Grade	Weight
FTI	D	1.66%
TPX	B	1.43%
MUSA	D	1.42%
AR	C	1.29%
CROX	C	1.15%
ITT	B	1.15%
FN	C	1.14%
NSIT	C	1.09%
WHD	D	1.07%
TMDX	C	1.07%
EXP	B	1.06%
CR	B	1.05%
JLL	B	1.03%
CACI	B	0.99%
SNX	C	0.95%
ORI	B	0.95%
DOX	C	0.93%
NXST	D	0.86%
AIT	B	0.86%
RGA	C	0.8%
AIZ	B	0.8%
STX	B	0.79%
SN	B	0.79%
LBRT	F	0.76%
BC	C	0.75%
AYI	B	0.75%
SNV	D	0.74%
AEIS	D	0.74%
GPK	C	0.73%
BECN	F	0.73%
BOOT	B	0.73%
ALSN	B	0.72%
PNFP	C	0.72%
FAF	B	0.71%
VNT	F	0.7%
HLI	C	0.68%
ASGN	D	0.67%
CMC	D	0.66%
FSS	D	0.66%
KBH	C	0.65%
TGLS	B	0.65%
CADE	C	0.63%
WBS	C	0.61%
MMS	B	0.61%
ATKR	F	0.61%
LPX	B	0.61%
G	C	0.6%
STLD	C	0.6%
PRI	B	0.59%
HOLX	D	0.58%
AES	C	0.58%
CC	D	0.57%
ESI	C	0.56%
KBR	D	0.56%
BCO	B	0.54%
CBT	B	0.54%
MTSI	C	0.53%
ASO	D	0.53%
CIEN	B	0.53%
EBC	C	0.52%
TEX	F	0.52%
WTFC	C	0.52%
CAH	C	0.52%
PVH	D	0.52%
TENB	F	0.51%
SF	B	0.51%
HAYW	C	0.5%
NOMD	C	0.49%
CWK	B	0.49%
EPRT	B	0.49%
BOKF	C	0.46%
AMN	F	0.44%
AXTA	B	0.43%
OLN	D	0.43%
EAT	C	0.41%
FIBK	C	0.41%
CNXC	F	0.4%
CACC	F	0.4%
CHX	F	0.4%
ARGX	B	0.39%
LITE	B	0.37%
NOG	F	0.37%
FBP	C	0.36%
GMS	C	0.35%
RUSHA	C	0.35%
IP	C	0.35%
LEA	D	0.35%
PRCT	C	0.35%
GTES	C	0.35%
ARCB	D	0.35%
ESGR	D	0.34%
FROG	F	0.33%
DIOD	F	0.33%
AZZ	C	0.33%
MASI	C	0.31%
MTB	C	0.3%
WIX	C	0.3%
IBTX	C	0.3%
GVA	B	0.3%
LAUR	C	0.29%
DOOO	F	0.29%
COMP	C	0.29%
LCII	C	0.29%
ALGM	D	0.25%
AAP	F	0.25%
PCVX	C	0.22%
RGEN	F	0.22%
MDGL	F	0.21%
KFRC	F	0.21%
CRNX	D	0.2%
CYTK	F	0.2%
XPRO	F	0.19%
PATK	C	0.18%
OMI	D	0.16%
NUVL	D	0.14%
CSTM	D	0.14%
VCEL	F	0.14%
ACLX	C	0.14%
ICLR	F	0.12%
CLDX	F	0.12%
VRDN	B	0.11%
HELE	D	0.11%
ANAB	D	0.11%
LBPH	D	0.1%
AUTL	F	0.1%
AXSM	C	0.1%
EWTX	C	0.1%
TCBK	D	0.09%
XENE	F	0.09%
MRUS	D	0.08%
PBH	C	0.06%
ARVN	F	0.05%
KROS	C	0.02%
TXG	D	0.02%
MORF	A	0.0%
INSM	D	0.0%
ALXO	F	0.0%
ICHR	D	0.0%
OI	D	0.0%
ZNTL	D	0.0%

FFSM Underweight 270 Positions Relative to IMCG

Symbol	Grade	Weight
PLTR	C	-1.38%
ADSK	B	-1.06%
HLT	B	-1.02%
WDAY	D	-0.98%
ROST	C	-0.94%
FTNT	B	-0.93%
TTD	B	-0.91%
FICO	B	-0.89%
GWW	B	-0.86%
CPRT	D	-0.84%
MSCI	C	-0.81%
DASH	B	-0.8%
PAYX	C	-0.8%
PWR	B	-0.79%
IDXX	D	-0.78%
MPWR	B	-0.77%
A	C	-0.76%
EW	F	-0.75%
FAST	C	-0.75%
HWM	B	-0.74%
IR	B	-0.73%
CARR	B	-0.73%
IT	C	-0.73%
HES	F	-0.7%
SYY	C	-0.7%
DLR	B	-0.7%
VRSK	D	-0.7%
ODFL	D	-0.69%
SQ	D	-0.69%
YUM	B	-0.68%
EFX	C	-0.68%
RMD	C	-0.67%
NEM	C	-0.66%
GEV	B	-0.65%
ALNY	C	-0.64%
MLM	D	-0.63%
DDOG	D	-0.63%
VMC	C	-0.62%
COIN	F	-0.62%
XYL	C	-0.6%
WAB	B	-0.59%
CSGP	D	-0.59%
VEEV	C	-0.59%
AMP	B	-0.57%
ROK	D	-0.56%
MTD	C	-0.56%
CDW	D	-0.56%
ARES	B	-0.54%
JCI	B	-0.54%
LULU	D	-0.54%
CMI	B	-0.53%
RCL	B	-0.53%
ANSS	D	-0.52%
DXCM	F	-0.52%
AXON	B	-0.52%
IQV	D	-0.52%
PSA	C	-0.51%
HUBS	D	-0.5%
APP	C	-0.49%
TEAM	D	-0.48%
SBAC	C	-0.48%
CHD	C	-0.47%
FSLR	C	-0.46%
BRO	C	-0.46%
NET	D	-0.46%
URI	B	-0.46%
TEL	D	-0.45%
RBLX	C	-0.45%
EA	D	-0.45%
TYL	C	-0.45%
TTWO	D	-0.45%
BR	C	-0.45%
STE	B	-0.44%
TRV	C	-0.44%
DECK	C	-0.43%
OTIS	B	-0.43%
WST	D	-0.42%
CBRE	B	-0.42%
HUBB	B	-0.42%
SMCI	F	-0.42%
VST	B	-0.41%
GDDY	C	-0.4%
STZ	C	-0.4%
ILMN	D	-0.39%
ALL	C	-0.39%
PTC	C	-0.39%
COR	F	-0.39%
D	C	-0.39%
TSCO	B	-0.39%
CSL	B	-0.38%
TRU	B	-0.38%
INVH	D	-0.38%
EL	D	-0.37%
MDB	D	-0.37%
CPNG	B	-0.36%
LII	C	-0.36%
FTV	C	-0.35%
CTVA	B	-0.34%
TPL	C	-0.34%
DOV	B	-0.34%
BKR	C	-0.34%
FDS	C	-0.33%
O	B	-0.33%
GRMN	D	-0.32%
WSO	C	-0.32%
LVS	C	-0.32%
IRM	C	-0.32%
BURL	C	-0.32%
SUI	C	-0.32%
MCHP	D	-0.32%
PODD	C	-0.31%
KMB	C	-0.31%
MANH	B	-0.31%
ZS	F	-0.3%
HSY	D	-0.3%
HEI	C	-0.3%
CPAY	B	-0.3%
AVB	C	-0.3%
GEHC	B	-0.3%
FWONK	C	-0.3%
DD	B	-0.3%
DOW	C	-0.29%
VLTO	B	-0.29%
LYV	A	-0.29%
MSTR	C	-0.29%
BAH	B	-0.29%
PSTG	F	-0.29%
NTRA	C	-0.29%
VRSN	C	-0.29%
COO	C	-0.29%
ENPH	D	-0.29%
IEX	C	-0.29%
NTNX	D	-0.28%
AWK	C	-0.27%
DPZ	D	-0.27%
KDP	B	-0.27%
WTW	B	-0.27%
ROL	C	-0.27%
FIX	B	-0.26%
TW	B	-0.26%
TRGP	C	-0.26%
HAL	F	-0.26%
IBKR	B	-0.26%
DT	C	-0.26%
GGG	C	-0.26%
ZBRA	B	-0.26%
NTAP	D	-0.25%
BMRN	F	-0.25%
EXR	C	-0.25%
DELL	C	-0.25%
DAL	C	-0.25%
JKHY	B	-0.24%
AMH	D	-0.24%
PHM	B	-0.24%
WAT	B	-0.24%
FND	C	-0.24%
EQT	C	-0.24%
CLX	C	-0.24%
EXAS	D	-0.24%
NDSN	C	-0.24%
ERIE	B	-0.24%
OKTA	F	-0.23%
TTEK	C	-0.23%
ALGN	D	-0.23%
WING	C	-0.23%
TECH	C	-0.23%
J	A	-0.23%
MKL	C	-0.23%
CLH	C	-0.23%
SRPT	F	-0.22%
NVT	C	-0.22%
HOOD	C	-0.22%
EBAY	B	-0.22%
DOCU	C	-0.22%
WSM	C	-0.22%
PPG	C	-0.22%
NBIX	F	-0.22%
KEYS	B	-0.22%
BALL	C	-0.22%
MKC	C	-0.21%
GPN	D	-0.21%
HEI	C	-0.21%
KIM	C	-0.21%
PNR	B	-0.21%
BLDR	C	-0.21%
NDAQ	C	-0.21%
SAIA	D	-0.21%
RPM	B	-0.2%
EQR	C	-0.2%
LECO	D	-0.2%
TWLO	C	-0.2%
AVTR	C	-0.2%
WMS	D	-0.2%
SNAP	D	-0.2%
TDY	B	-0.2%
ZBH	F	-0.2%
PINS	D	-0.19%
ENTG	D	-0.19%
DRI	C	-0.19%
DKNG	C	-0.19%
WRB	D	-0.19%
MRNA	F	-0.18%
TRMB	C	-0.18%
CASY	D	-0.18%
TER	C	-0.18%
DAY	D	-0.17%
ESS	C	-0.17%
ULTA	D	-0.17%
EXPE	C	-0.17%
TSN	D	-0.16%
UDR	C	-0.16%
MORN	C	-0.16%
LDOS	A	-0.16%
JBHT	D	-0.16%
AVY	C	-0.16%
PAYC	D	-0.16%
MAS	B	-0.15%
GEN	A	-0.15%
CINF	C	-0.15%
ELS	D	-0.15%
TXT	D	-0.15%
GPC	D	-0.15%
APTV	D	-0.15%
CMS	B	-0.14%
ALLE	B	-0.14%
LUV	C	-0.14%
BLD	C	-0.14%
SWK	B	-0.14%
WYNN	C	-0.14%
CE	D	-0.14%
AKAM	D	-0.13%
JBL	C	-0.13%
MAA	C	-0.13%
CTRA	F	-0.13%
AOS	B	-0.13%
NRG	B	-0.12%
SCI	C	-0.12%
AZPN	B	-0.12%
BRKR	D	-0.12%
KMX	D	-0.12%
RVTY	B	-0.12%
HII	F	-0.12%
DLTR	F	-0.12%
POOL	C	-0.12%
BSY	C	-0.12%
QRVO	F	-0.11%
TOL	A	-0.11%
EPAM	F	-0.11%
INCY	C	-0.11%
CPT	C	-0.11%
U	D	-0.11%
PCOR	D	-0.1%
CELH	F	-0.1%
FFIV	B	-0.1%
ALB	D	-0.1%
ARE	C	-0.1%
REG	C	-0.09%
SNA	B	-0.09%
CCK	B	-0.08%
TFX	B	-0.08%
DVA	B	-0.07%
MGM	D	-0.07%
HRL	F	-0.06%
UHAL	B	-0.06%
WTRG	D	-0.06%
COTY	D	-0.05%
WLK	C	-0.04%
FWONA	C	-0.03%
ALAB	C	-0.02%
UHAL	B	-0.0%