FFSM vs. LABU ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Direxion Daily S&P Biotech Bull 3X Shares (LABU)

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

LABU

Direxion Daily S&P Biotech Bull 3X Shares

LABU Description

The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$126.92

Average Daily Volume

1,039,524

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	LABU
30 Days	1.83%	-8.00%
60 Days	2.56%	-9.63%
90 Days	8.77%	11.88%
12 Months	29.68%	62.65%

13 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in LABU	Overlap
ACLX	C	0.14%	0.58%	0.14%
ANAB	D	0.11%	0.15%	0.11%
CLDX	F	0.12%	0.42%	0.12%
CRNX	D	0.2%	0.5%	0.2%
CYTK	F	0.2%	1.24%	0.2%
INSM	D	0.0%	0.69%	0.0%
KROS	C	0.02%	0.27%	0.02%
MDGL	F	0.21%	0.72%	0.21%
NUVL	D	0.14%	0.56%	0.14%
PCVX	C	0.22%	0.93%	0.22%
VCEL	F	0.14%	0.26%	0.14%
VRDN	B	0.11%	0.26%	0.11%
ZNTL	D	0.0%	0.06%	0.0%

FFSM Overweight 156 Positions Relative to LABU

Symbol	Grade	Weight
FTI	D	1.66%
EME	B	1.59%
TPX	B	1.43%
UHS	C	1.42%
MUSA	D	1.42%
AZO	B	1.41%
BJ	D	1.32%
AR	C	1.29%
ACGL	B	1.25%
CROX	C	1.15%
ITT	B	1.15%
FN	C	1.14%
MOH	D	1.11%
NSIT	C	1.09%
WHD	D	1.07%
TMDX	C	1.07%
EXP	B	1.06%
CR	B	1.05%
USFD	C	1.05%
PFGC	B	1.03%
JLL	B	1.03%
RRX	C	0.99%
CACI	B	0.99%
SNX	C	0.95%
ORI	B	0.95%
LNG	D	0.94%
DFS	C	0.93%
DOX	C	0.93%
VRT	C	0.91%
DKS	D	0.88%
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%
AME	C	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%
FCNCA	D	0.73%
ALSN	B	0.72%
PNFP	C	0.72%
FAF	B	0.71%
VNT	F	0.7%
HLI	C	0.68%
PCG	C	0.68%
ASGN	D	0.67%
ON	D	0.67%
MEDP	F	0.66%
CMC	D	0.66%
VTR	C	0.66%
FSS	D	0.66%
CRL	F	0.65%
KBH	C	0.65%
TGLS	B	0.65%
LPLA	D	0.64%
CADE	C	0.63%
XPO	D	0.61%
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%
CHDN	D	0.58%
HOLX	D	0.58%
CNM	F	0.58%
AES	C	0.58%
ACM	B	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%
AFG	C	0.48%
RJF	C	0.48%
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%
LW	D	0.38%
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%
FLEX	B	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%
RGEN	F	0.22%
KFRC	F	0.21%
XPRO	F	0.19%
PATK	C	0.18%
OMI	D	0.16%
CSTM	D	0.14%
ICLR	F	0.12%
HELE	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%
TXG	D	0.02%
MORF	A	0.0%
ALXO	F	0.0%
ICHR	D	0.0%
OI	D	0.0%

FFSM Underweight 110 Positions Relative to LABU

Symbol	Grade	Weight
EXAS	D	-2.58%
GILD	B	-2.01%
ALNY	C	-1.87%
UTHR	B	-1.86%
VKTX	D	-1.82%
ABBV	B	-1.79%
NTRA	C	-1.76%
AMGN	D	-1.74%
REGN	D	-1.72%
INCY	C	-1.55%
VRTX	D	-1.54%
SRPT	F	-1.52%
BMRN	F	-1.33%
BIIB	F	-1.33%
NBIX	F	-1.22%
EXEL	C	-0.79%
MRNA	F	-0.78%
CRSP	F	-0.76%
APLS	F	-0.73%
TGTX	C	-0.72%
BPMC	F	-0.71%
HALO	D	-0.69%
RVMD	C	-0.69%
ALKS	D	-0.68%
KRYS	D	-0.64%
RARE	C	-0.61%
IONS	F	-0.6%
BBIO	F	-0.59%
IOVA	F	-0.58%
SWTX	F	-0.47%
ADMA	C	-0.46%
ACAD	F	-0.42%
FOLD	F	-0.42%
DYN	D	-0.42%
TWST	D	-0.41%
RNA	D	-0.41%
VERA	C	-0.41%
NTLA	F	-0.4%
DNLI	C	-0.39%
GERN	D	-0.37%
BEAM	F	-0.36%
KYMR	C	-0.36%
IDYA	F	-0.35%
IMVT	F	-0.34%
SMMT	D	-0.34%
RYTM	C	-0.33%
CPRX	C	-0.32%
ARDX	D	-0.32%
BCRX	D	-0.31%
VCYT	C	-0.31%
JANX	D	-0.31%
PTCT	C	-0.3%
NRIX	D	-0.29%
DVAX	D	-0.29%
AGIO	D	-0.29%
NVAX	D	-0.28%
PTGX	C	-0.28%
SNDX	F	-0.27%
AKRO	D	-0.27%
ARWR	F	-0.26%
ARQT	D	-0.23%
RXRX	F	-0.23%
MIRM	D	-0.22%
TVTX	C	-0.22%
CDNA	C	-0.22%
MYGN	D	-0.22%
RCKT	F	-0.21%
KURA	D	-0.21%
MNKD	C	-0.2%
PRTA	F	-0.18%
CDMO	C	-0.18%
XNCR	D	-0.17%
DAWN	D	-0.17%
CGON	C	-0.16%
COGT	C	-0.16%
IRWD	F	-0.15%
IMNM	F	-0.15%
CGEM	F	-0.15%
ARCT	D	-0.14%
FDMT	F	-0.14%
ALT	F	-0.14%
RCUS	D	-0.13%
SANA	F	-0.12%
RLAY	F	-0.12%
RGNX	F	-0.11%
OLMA	F	-0.11%
VIR	F	-0.1%
IRON	C	-0.1%
CCCC	F	-0.1%
ETNB	F	-0.1%
SPRY	C	-0.1%
ALLO	D	-0.1%
STOK	D	-0.1%
AVXL	D	-0.1%
ORIC	C	-0.1%
SRRK	F	-0.09%
OCGN	F	-0.08%
SAGE	F	-0.08%
FATE	F	-0.08%
VERV	F	-0.07%
EDIT	F	-0.07%
MDXG	F	-0.07%
SCLX	F	-0.06%
VYGR	F	-0.05%
HUMA	D	-0.05%
ALEC	F	-0.05%
SVRA	D	-0.05%
ITOS	F	-0.04%
CABA	F	-0.04%
HRTX	F	-0.04%