FFSM vs. JSMD ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Janus Small/Mid Cap Growth Alpha ETF (JSMD)

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

JSMD

Janus Small/Mid Cap Growth Alpha ETF

JSMD Description

Janus Small/Mid Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$67.05

Average Daily Volume

20,927

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	JSMD
30 Days	-2.73%	-1.86%
60 Days	-0.18%	-2.25%
90 Days	6.13%	2.67%
12 Months	27.24%	22.24%

22 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in JSMD	Overlap
AIT	C	0.79%	0.67%	0.67%
ALGM	C	0.29%	1.47%	0.29%
ASO	D	0.43%	0.12%	0.12%
ATKR	B	0.88%	0.63%	0.63%
BJ	C	1.15%	0.87%	0.87%
BOOT	B	0.35%	0.09%	0.09%
CMC	C	0.66%	1.13%	0.66%
CNM	A	0.64%	1.03%	0.64%
CNXC	F	0.39%	0.35%	0.35%
CRL	D	0.73%	2.77%	0.73%
CROX	D	1.26%	0.2%	0.2%
DKS	B	1.02%	0.32%	0.32%
EME	A	1.51%	1.6%	1.51%
EPRT	A	0.45%	0.12%	0.12%
EXLS	D	0.5%	0.45%	0.45%
EXP	B	1.09%	1.57%	1.09%
FN	D	1.01%	1.61%	1.01%
GPK	C	0.72%	1.5%	0.72%
MEDP	D	0.7%	3.04%	0.7%
PGNY	F	0.3%	0.77%	0.3%
TGLS	B	0.64%	0.25%	0.25%
WSC	F	0.46%	0.69%	0.46%

FFSM Overweight 136 Positions Relative to JSMD

Symbol	Grade	Weight
FTI	A	1.63%
TPX	D	1.58%
AZO	D	1.46%
AR	A	1.41%
VRT	A	1.4%
MOH	F	1.36%
UHS	C	1.23%
ACGL	A	1.23%
XPO	D	1.21%
MUSA	D	1.2%
RRX	D	1.14%
PFGC	D	1.14%
ITT	D	1.12%
USFD	C	1.06%
PVH	D	1.0%
DOX	F	0.99%
LPLA	A	0.97%
NSIT	A	0.93%
WHD	B	0.92%
AIZ	C	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%
ASGN	D	0.76%
SNX	A	0.75%
STX	D	0.73%
PRI	D	0.72%
GVA	A	0.71%
RGA	A	0.7%
ON	F	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%
SNV	C	0.65%
SN	A	0.65%
KBR	A	0.65%
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%
OI	F	0.49%
LBRT	B	0.48%
NOMD	D	0.48%
LSCC	D	0.48%
BCO	A	0.46%
LGIH	D	0.46%
EBC	C	0.44%
LEA	F	0.43%
BOKF	A	0.43%
CHX	D	0.43%
LITE	D	0.41%
CACC	D	0.41%
CWK	C	0.4%
FBP	A	0.39%
FROG	D	0.38%
RUSHA	D	0.37%
FIBK	B	0.36%
OMI	F	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%
EAT	A	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 222 Positions Relative to JSMD

Symbol	Grade	Weight
NBIX	A	-3.23%
BSY	B	-3.17%
SWAV	A	-3.04%
BRKR	F	-2.77%
HEI	A	-2.36%
ROL	B	-2.02%
SPSC	C	-1.7%
ENSG	D	-1.66%
DBX	F	-1.6%
QLYS	D	-1.57%
OC	A	-1.39%
BMI	A	-1.37%
DV	D	-1.32%
OPCH	F	-1.29%
HALO	D	-1.21%
WMS	C	-1.18%
CASY	B	-1.04%
SAIA	F	-1.03%
FIX	C	-1.03%
CRVL	C	-1.02%
TTEK	A	-0.96%
IBKR	A	-0.92%
SANM	B	-0.9%
ACLS	D	-0.86%
PCTY	D	-0.83%
AGCO	F	-0.83%
EWBC	A	-0.79%
DOCN	D	-0.78%
AMR	D	-0.78%
DOCS	F	-0.73%
AAON	C	-0.72%
FCN	B	-0.71%
PLXS	B	-0.71%
SSD	D	-0.7%
SITE	F	-0.68%
UFPI	C	-0.67%
NYT	B	-0.66%
BRBR	C	-0.64%
MLI	B	-0.62%
KNSL	F	-0.61%
DAR	F	-0.61%
COKE	B	-0.6%
ZI	C	-0.58%
MKTX	F	-0.57%
STAA	B	-0.57%
PLUS	C	-0.53%
AMPH	F	-0.5%
TNET	F	-0.49%
RLI	D	-0.48%
WSM	A	-0.48%
WAL	C	-0.47%
PLAB	C	-0.45%
CPRX	D	-0.44%
WIRE	A	-0.42%
UFPT	A	-0.42%
YOU	F	-0.42%
HRMY	C	-0.41%
NSSC	B	-0.4%
ADUS	C	-0.38%
ACMR	D	-0.38%
MTDR	D	-0.38%
PRFT	F	-0.38%
CIVI	B	-0.36%
BLD	D	-0.35%
CSWI	A	-0.35%
SLM	A	-0.35%
GMS	C	-0.35%
CBZ	D	-0.34%
TOL	C	-0.33%
HLNE	A	-0.32%
STRL	D	-0.31%
USLM	A	-0.31%
FND	D	-0.31%
KAI	D	-0.31%
WING	A	-0.3%
OTTR	B	-0.3%
HWKN	A	-0.29%
UMBF	B	-0.28%
MYRG	F	-0.27%
PAG	D	-0.27%
REXR	D	-0.26%
NFE	F	-0.26%
VCTR	A	-0.25%
IESC	B	-0.25%
SFBS	C	-0.24%
SOUN	D	-0.24%
ETSY	F	-0.22%
AX	A	-0.22%
AWR	C	-0.22%
CALM	D	-0.22%
DRVN	F	-0.22%
ALG	D	-0.22%
FIVE	F	-0.21%
LAD	F	-0.19%
ARRY	D	-0.18%
AN	B	-0.18%
IBP	C	-0.18%
NMIH	A	-0.18%
PJT	C	-0.17%
STAG	D	-0.17%
MGPI	D	-0.16%
MTH	A	-0.16%
TMHC	C	-0.16%
PLMR	B	-0.15%
CCRN	F	-0.15%
SHLS	F	-0.14%
SSTK	F	-0.14%
TRNO	D	-0.13%
RC	C	-0.12%
CTOS	F	-0.12%
SKY	D	-0.12%
ABG	F	-0.12%
TBBK	F	-0.12%
RH	D	-0.12%
CEIX	F	-0.12%
MBIN	C	-0.12%
EFSC	C	-0.11%
GOLF	D	-0.11%
GPI	A	-0.11%
CUBI	D	-0.11%
CLFD	B	-0.11%
AESI	B	-0.11%
BANR	B	-0.11%
SKWD	B	-0.1%
ZYXI	D	-0.1%
CASH	B	-0.1%
CRAI	B	-0.1%
NX	D	-0.1%
NAPA	F	-0.09%
MHO	D	-0.09%
HPK	F	-0.09%
NBHC	C	-0.09%
WABC	B	-0.09%
DCGO	F	-0.09%
IIPR	A	-0.08%
NSA	D	-0.08%
CVCO	C	-0.08%
PFBC	A	-0.08%
YETI	F	-0.08%
GRBK	C	-0.07%
CCS	D	-0.07%
QCRH	C	-0.07%
OBK	B	-0.07%
BY	A	-0.07%
FBMS	D	-0.06%
PLPC	D	-0.06%
BFC	D	-0.06%
ACDC	F	-0.06%
JYNT	A	-0.05%
SMLR	F	-0.05%
OSBC	B	-0.05%
MNTK	F	-0.05%
CRGY	F	-0.05%
AMPS	F	-0.05%
APPS	F	-0.05%
KRT	D	-0.05%
IMXI	D	-0.05%
DCOM	C	-0.05%
HGTY	B	-0.05%
AMAL	B	-0.05%
ASLE	F	-0.04%
ALTG	D	-0.04%
SKIN	F	-0.04%
GCBC	B	-0.04%
CCB	B	-0.04%
BFST	D	-0.04%
IBCP	B	-0.04%
XPEL	F	-0.04%
GRNT	B	-0.04%
HDSN	F	-0.04%
CFB	D	-0.04%
SMBK	C	-0.03%
PLYM	F	-0.03%
HIBB	A	-0.03%
FSBC	D	-0.03%
BOWL	D	-0.03%
ESQ	C	-0.03%
SMMF	B	-0.03%
PX	F	-0.03%
NBN	C	-0.03%
ODC	B	-0.03%
DFH	D	-0.03%
HTBI	B	-0.03%
MCB	B	-0.03%
EGY	B	-0.03%
ASC	A	-0.03%
CCBG	D	-0.03%
CHMG	B	-0.02%
OVLY	C	-0.02%
PLBC	B	-0.02%
HZO	F	-0.02%
SSBK	C	-0.02%
NECB	B	-0.02%
AFCG	B	-0.02%
MBUU	F	-0.02%
OBT	B	-0.02%
PCYO	D	-0.02%
ORGN	C	-0.02%
ARHS	D	-0.02%
TCBX	A	-0.02%
UNTY	B	-0.02%
FBIZ	C	-0.02%
ORRF	B	-0.02%
FIGS	F	-0.02%
REFI	A	-0.02%
BWB	B	-0.02%
SCVL	B	-0.02%
EP	D	-0.01%
HGBL	F	-0.01%
MNSB	D	-0.01%
LOVE	B	-0.01%
FRAF	C	-0.01%
OPBK	D	-0.01%
SAMG	F	-0.01%
SACH	D	-0.01%
LEGH	D	-0.01%
BWFG	F	-0.01%
CALB	D	-0.01%
RCMT	F	-0.01%
PKBK	C	-0.01%
GORV	F	-0.0%
STKS	C	-0.0%