FFSM vs. VUSE ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Vident Core US Equity ETF (VUSE)

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

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$52.33

Average Daily Volume

16,110

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	VUSE
30 Days	-2.73%	-2.62%
60 Days	-0.18%	-2.38%
90 Days	6.13%	-0.09%
12 Months	27.24%	21.45%

9 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in VUSE	Overlap
AFG	D	0.52%	0.46%	0.46%
ATKR	B	0.88%	0.76%	0.76%
DT	F	0.59%	0.54%	0.54%
EXLS	D	0.5%	0.41%	0.41%
ITT	D	1.12%	0.66%	0.66%
LSCC	D	0.48%	0.5%	0.48%
MEDP	D	0.7%	0.16%	0.16%
STLD	D	0.67%	0.53%	0.53%
WST	F	0.31%	0.51%	0.31%

FFSM Overweight 149 Positions Relative to VUSE

Symbol	Grade	Weight
FTI	A	1.63%
TPX	D	1.58%
EME	A	1.51%
AZO	D	1.46%
AR	A	1.41%
VRT	A	1.4%
MOH	F	1.36%
CROX	D	1.26%
UHS	C	1.23%
ACGL	A	1.23%
XPO	D	1.21%
MUSA	D	1.2%
BJ	C	1.15%
RRX	D	1.14%
PFGC	D	1.14%
EXP	B	1.09%
USFD	C	1.06%
DKS	B	1.02%
FN	D	1.01%
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%
AIT	C	0.79%
ASGN	D	0.76%
SNX	A	0.75%
STX	D	0.73%
CRL	D	0.73%
GPK	C	0.72%
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%
ACM	A	0.66%
PNFP	C	0.66%
AEIS	D	0.66%
CMC	C	0.66%
SNV	C	0.65%
SN	A	0.65%
KBR	A	0.65%
TGLS	B	0.64%
CNM	A	0.64%
PCG	A	0.64%
CC	C	0.63%
WBS	D	0.63%
G	D	0.63%
AES	B	0.6%
CAH	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%
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%
BCO	A	0.46%
WSC	F	0.46%
LGIH	D	0.46%
EPRT	A	0.45%
EBC	C	0.44%
ASO	D	0.43%
LEA	F	0.43%
BOKF	A	0.43%
CHX	D	0.43%
LITE	D	0.41%
CACC	D	0.41%
CWK	C	0.4%
CNXC	F	0.39%
FBP	A	0.39%
FROG	D	0.38%
RUSHA	D	0.37%
FIBK	B	0.36%
OMI	F	0.35%
BOOT	B	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%
PGNY	F	0.3%
EAT	A	0.29%
ALGM	C	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 116 Positions Relative to VUSE

Symbol	Grade	Weight
XOM	B	-2.37%
CVX	B	-2.17%
ADBE	D	-2.17%
JPM	B	-2.13%
PEP	B	-2.11%
AVGO	D	-2.1%
AMZN	A	-2.08%
KO	A	-2.05%
MRK	B	-2.05%
MA	D	-1.98%
V	D	-1.97%
MSFT	C	-1.97%
UNH	C	-1.9%
AAPL	C	-1.89%
JNJ	F	-1.84%
HD	D	-1.81%
PG	A	-1.61%
CMG	A	-1.49%
MCHP	A	-1.41%
NVDA	C	-1.29%
BKNG	C	-1.27%
AMAT	C	-1.27%
SNPS	D	-1.17%
CDNS	D	-1.16%
CRM	D	-1.14%
MO	A	-1.07%
CAT	D	-1.06%
DIS	C	-1.06%
KLAC	B	-1.02%
ORLY	D	-1.01%
CSCO	F	-1.0%
T	C	-1.0%
PAYX	D	-0.99%
TJX	C	-0.98%
FTNT	F	-0.96%
MCD	F	-0.94%
EOG	B	-0.94%
TSLA	D	-0.93%
SBUX	F	-0.93%
UBER	D	-0.9%
BMY	F	-0.88%
ZTS	D	-0.79%
LRCX	D	-0.79%
HCC	B	-0.76%
NFLX	D	-0.73%
ITW	F	-0.72%
YELP	C	-0.7%
ABBV	D	-0.68%
MTG	C	-0.67%
NKE	F	-0.67%
IDXX	F	-0.64%
GWW	D	-0.63%
CORT	D	-0.63%
MSCI	F	-0.62%
DFIN	A	-0.62%
CARG	C	-0.61%
IT	D	-0.61%
QLYS	D	-0.6%
RMBS	F	-0.6%
CTAS	A	-0.6%
TREX	D	-0.6%
META	D	-0.59%
VRSK	C	-0.58%
CBOE	D	-0.58%
ODFL	F	-0.57%
NFG	A	-0.57%
PLAB	C	-0.57%
NYT	B	-0.57%
VST	A	-0.57%
IBOC	A	-0.55%
ZION	A	-0.54%
FICO	D	-0.54%
EQH	A	-0.54%
BRC	B	-0.53%
GGG	D	-0.53%
IRDM	C	-0.53%
RLI	D	-0.51%
WTM	A	-0.51%
AMP	B	-0.51%
RAMP	D	-0.5%
AMR	D	-0.5%
COST	C	-0.49%
FHI	F	-0.49%
FFIN	C	-0.49%
TGNA	D	-0.48%
FAST	D	-0.48%
MANH	F	-0.48%
ALGN	F	-0.47%
SHO	D	-0.47%
LSTR	D	-0.46%
EA	D	-0.45%
CRWD	D	-0.43%
EXPI	D	-0.41%
TTD	B	-0.4%
WNC	F	-0.4%
ANET	D	-0.35%
MSI	A	-0.34%
TBBK	F	-0.34%
HST	D	-0.33%
TMUS	A	-0.32%
PANW	B	-0.3%
SEIC	C	-0.26%
OTTR	B	-0.26%
SCCO	A	-0.26%
ERIE	C	-0.25%
AOS	D	-0.25%
DBRG	F	-0.23%
NUE	D	-0.18%
WIRE	A	-0.16%
PINS	A	-0.15%
LNTH	B	-0.1%
DOCS	F	-0.1%
RS	D	-0.09%
CMCSA	F	-0.09%
APLE	F	-0.09%
SIRI	F	-0.08%