FFSM vs. XSVM ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Invesco S&P SmallCap Value with Momentum ETF (XSVM)

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

$25.15

Average Daily Volume

20,592

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

XSVM

Invesco S&P SmallCap Value with Momentum ETF

XSVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600 High Momentum Value Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 120 stocks in the S&P SmallCap 600® that have the highest “value” and “momentum” scores.

Grade (RS Rating)

Last Trade

$51.79

Average Daily Volume

58,975

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	XSVM
30 Days	-2.44%	-4.92%
60 Days	0.54%	-5.59%
90 Days	-3.71%	-8.32%
12 Months	20.32%	17.15%

6 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in XSVM	Overlap
ASO	F	0.4%	0.6%	0.4%
LBRT	D	0.54%	0.9%	0.54%
NOG	C	0.38%	0.63%	0.38%
OI	F	0.47%	0.83%	0.47%
OMI	F	0.28%	0.66%	0.28%
PATK	C	0.18%	0.84%	0.18%

FFSM Overweight 152 Positions Relative to XSVM

Symbol	Grade	Weight
VRT	C	1.71%
FTI	C	1.68%
EME	B	1.65%
AR	B	1.58%
TPX	D	1.49%
AZO	B	1.47%
ACGL	A	1.33%
MUSA	A	1.27%
UHS	B	1.23%
BJ	A	1.22%
MOH	F	1.21%
CROX	B	1.17%
ITT	D	1.14%
PFGC	C	1.11%
RRX	F	1.09%
EXP	D	1.08%
LPLA	B	1.06%
USFD	A	1.05%
CR	B	1.01%
FN	B	0.99%
DKS	B	0.98%
NSIT	B	0.98%
DOX	D	0.98%
WHD	B	0.97%
CACI	A	0.96%
XPO	D	0.96%
CHDN	A	0.94%
DFS	B	0.89%
ORI	C	0.89%
LNG	B	0.88%
AIZ	D	0.88%
ATKR	F	0.87%
AME	D	0.85%
SNX	C	0.83%
NXST	C	0.82%
JLL	B	0.81%
AYI	D	0.81%
BC	F	0.81%
AIT	C	0.79%
VNT	D	0.79%
BECN	C	0.76%
FAF	D	0.75%
ASGN	D	0.75%
TGLS	F	0.74%
GVA	B	0.74%
ON	D	0.72%
STX	B	0.72%
SN	B	0.72%
MEDP	B	0.72%
PVH	C	0.71%
PCG	C	0.7%
CC	F	0.69%
GPK	C	0.68%
CNM	D	0.68%
KBR	C	0.67%
ACHC	D	0.67%
ALSN	C	0.66%
FCNCA	D	0.66%
AEIS	C	0.66%
ACM	C	0.66%
CRL	F	0.66%
AES	D	0.65%
RGA	B	0.65%
STLD	D	0.64%
CMC	C	0.64%
SNV	C	0.63%
PNFP	D	0.63%
HLI	C	0.63%
G	D	0.63%
BOOT	B	0.63%
DT	F	0.61%
FSS	D	0.59%
VTR	A	0.59%
PRI	B	0.59%
MMS	B	0.59%
HOLX	D	0.59%
MTSI	B	0.58%
CAH	B	0.58%
WBS	D	0.58%
CADE	C	0.58%
RJF	C	0.57%
CIEN	D	0.56%
CBT	D	0.54%
KBH	B	0.54%
TENB	D	0.54%
OLN	D	0.54%
PGNY	F	0.53%
ESI	B	0.52%
AFG	D	0.52%
WTFC	C	0.51%
EXLS	C	0.5%
LPX	C	0.5%
HAYW	D	0.5%
TEX	D	0.5%
EPRT	B	0.48%
BCO	A	0.47%
LSCC	F	0.45%
CACC	D	0.44%
BOKF	C	0.44%
CHX	C	0.43%
EBC	C	0.43%
LEA	F	0.4%
TMDX	B	0.4%
CWK	C	0.39%
WSC	F	0.39%
NOMD	D	0.39%
FIBK	C	0.38%
FROG	C	0.37%
ICHR	D	0.37%
FBP	B	0.35%
ALGM	F	0.34%
CNXC	F	0.34%
LITE	B	0.34%
ESGR	B	0.34%
DOOO	D	0.34%
FLEX	C	0.33%
FIVN	F	0.33%
LAUR	D	0.33%
DIOD	D	0.33%
RUSHA	D	0.32%
ARGX	B	0.31%
LCII	F	0.29%
EAT	B	0.28%
PRO	D	0.28%
MTB	C	0.27%
RGEN	F	0.24%
HELE	F	0.21%
IBTX	B	0.21%
KFRC	D	0.2%
CSTM	D	0.19%
CRNX	D	0.18%
XPRO	B	0.17%
MDGL	B	0.16%
INSM	A	0.15%
CYTK	F	0.15%
VCEL	C	0.14%
ECPG	F	0.13%
CLDX	C	0.12%
NUVL	B	0.11%
ICLR	B	0.11%
ACLX	C	0.1%
PCVX	B	0.09%
XENE	F	0.09%
AXSM	B	0.09%
PBH	C	0.07%
TCBK	C	0.07%
ARVN	F	0.06%
TXG	F	0.04%
MORF	C	0.04%
ZNTL	F	0.02%
KROS	F	0.02%
ALXO	F	0.01%

FFSM Underweight 105 Positions Relative to XSVM

Symbol	Grade	Weight
JXN	B	-1.85%
BHE	C	-1.79%
CLW	B	-1.73%
SCSC	D	-1.58%
KELYA	C	-1.5%
DXPE	D	-1.49%
FDP	D	-1.39%
SNEX	C	-1.39%
SLCA	B	-1.34%
GNW	D	-1.33%
GPI	C	-1.32%
GBX	D	-1.31%
SANM	B	-1.29%
EZPW	D	-1.29%
KSS	C	-1.26%
XRX	F	-1.22%
ABG	C	-1.21%
SCVL	B	-1.17%
TDS	C	-1.12%
DNOW	C	-1.11%
GEO	C	-1.11%
NVRI	C	-1.08%
ANDE	D	-1.07%
TPH	D	-1.06%
SAH	C	-1.05%
HIBB	A	-1.03%
ENVA	C	-1.03%
SPNT	D	-1.03%
ABM	B	-1.02%
SKYW	B	-1.01%
AXL	D	-1.01%
CAL	D	-1.0%
AMBC	F	-0.99%
CALM	B	-0.95%
MHO	C	-0.94%
SM	C	-0.94%
DLX	B	-0.93%
SLVM	B	-0.91%
WIRE	B	-0.91%
ODP	F	-0.9%
COOP	C	-0.9%
MTH	D	-0.88%
CCS	D	-0.88%
GMS	D	-0.87%
STC	D	-0.87%
PARR	F	-0.86%
PUMP	F	-0.86%
AGO	C	-0.86%
RDN	B	-0.86%
SXC	D	-0.85%
PRG	B	-0.85%
CVI	F	-0.83%
HI	D	-0.83%
AX	C	-0.81%
ZEUS	F	-0.81%
WNC	D	-0.8%
RC	D	-0.77%
BCC	D	-0.76%
NAVI	F	-0.76%
EIG	C	-0.74%
HUBG	B	-0.74%
ABR	B	-0.74%
MATX	A	-0.73%
APOG	D	-0.73%
URBN	B	-0.72%
HLX	C	-0.72%
CENTA	D	-0.72%
PSMT	C	-0.72%
ALGT	F	-0.72%
PRDO	D	-0.7%
PLAB	F	-0.69%
NMIH	B	-0.69%
GES	F	-0.69%
AMWD	F	-0.69%
ASTE	F	-0.68%
MOV	D	-0.67%
UVV	D	-0.65%
HCC	D	-0.65%
ETD	D	-0.64%
CUBI	C	-0.64%
PMT	D	-0.64%
KOP	F	-0.63%
SIG	D	-0.63%
TALO	D	-0.62%
LZB	B	-0.6%
EFC	B	-0.6%
WGO	F	-0.59%
AMR	F	-0.59%
MLKN	D	-0.59%
HTH	D	-0.59%
CRC	C	-0.58%
CNXN	D	-0.58%
HVT	F	-0.57%
ARI	D	-0.56%
FCF	D	-0.56%
CEIX	B	-0.56%
SCHL	D	-0.55%
MCS	C	-0.52%
GIII	D	-0.52%
CXW	D	-0.51%
SMP	F	-0.51%
BLMN	F	-0.48%
TWI	F	-0.45%
SVC	F	-0.44%
OSUR	F	-0.35%