FHEQ vs. FBUF ETF Comparison
Comparison of Fidelity Hedged Equity ETF (FHEQ) to Fidelity Dynamic Buffered Equity ETF (FBUF)
FHEQ
Fidelity Hedged Equity ETF
FHEQ Description
FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.
Grade (RS Rating)
Last Trade
$27.87
Average Daily Volume
24,517
Number of Holdings
*
168
* may have additional holdings in another (foreign) market
FBUF
Fidelity Dynamic Buffered Equity ETF
FBUF Description
FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.Grade (RS Rating)
Last Trade
$27.53
Average Daily Volume
5,177
Number of Holdings
*
155
* may have additional holdings in another (foreign) market
Performance
Period | FHEQ | FBUF |
---|---|---|
30 Days | 2.51% | 3.10% |
60 Days | 3.80% | 4.70% |
90 Days | 4.54% | 6.08% |
12 Months |
143 Overlapping Holdings
Symbol | Grade | Weight in FHEQ | Weight in FBUF | Overlap | |
---|---|---|---|---|---|
AAPL | C | 7.31% | 7.34% | 7.31% | |
ABBV | D | 1.0% | 0.91% | 0.91% | |
ADBE | C | 0.93% | 0.94% | 0.93% | |
ADP | B | 0.16% | 0.26% | 0.16% | |
ALLE | D | 0.44% | 0.38% | 0.38% | |
ALRM | C | 0.4% | 0.34% | 0.34% | |
AMAT | F | 0.7% | 0.67% | 0.67% | |
AME | A | 0.22% | 0.09% | 0.09% | |
AMGN | D | 0.24% | 0.25% | 0.24% | |
AMT | D | 0.24% | 0.21% | 0.21% | |
AMZN | C | 3.64% | 3.84% | 3.64% | |
ANET | C | 0.08% | 0.06% | 0.06% | |
ANF | C | 0.33% | 0.35% | 0.33% | |
AVGO | D | 1.49% | 1.62% | 1.49% | |
AXP | A | 0.43% | 0.43% | 0.43% | |
BAC | A | 1.17% | 1.18% | 1.17% | |
BBWI | D | 0.11% | 0.16% | 0.11% | |
BDX | F | 0.59% | 0.58% | 0.58% | |
BIIB | F | 0.21% | 0.21% | 0.21% | |
BK | A | 0.36% | 0.12% | 0.12% | |
BMY | B | 0.68% | 0.74% | 0.68% | |
BRK.A | B | 2.19% | 2.2% | 2.19% | |
C | A | 0.54% | 0.72% | 0.54% | |
CACI | D | 0.3% | 0.17% | 0.17% | |
CAH | B | 0.4% | 0.31% | 0.31% | |
CAT | B | 0.48% | 0.53% | 0.48% | |
CI | F | 0.63% | 0.63% | 0.63% | |
CINF | A | 0.12% | 0.07% | 0.07% | |
CL | D | 0.58% | 0.55% | 0.55% | |
CLX | B | 0.2% | 0.14% | 0.14% | |
CMCSA | B | 0.83% | 0.84% | 0.83% | |
CME | A | 0.37% | 0.44% | 0.37% | |
CMG | B | 0.49% | 0.47% | 0.47% | |
COST | B | 0.45% | 0.3% | 0.3% | |
CRM | B | 1.09% | 1.16% | 1.09% | |
CRUS | D | 0.06% | 0.07% | 0.06% | |
CSCO | B | 0.79% | 0.8% | 0.79% | |
CSX | B | 0.43% | 0.49% | 0.43% | |
CTAS | B | 0.66% | 0.65% | 0.65% | |
CVNA | B | 0.52% | 0.52% | 0.52% | |
CVS | D | 0.22% | 0.23% | 0.22% | |
CVX | A | 0.02% | 0.02% | 0.02% | |
DASH | A | 0.12% | 0.11% | 0.11% | |
DBX | B | 0.51% | 0.52% | 0.51% | |
DIS | B | 0.57% | 0.65% | 0.57% | |
DOCU | A | 0.18% | 0.09% | 0.09% | |
DVN | F | 0.53% | 0.52% | 0.52% | |
ECL | D | 0.62% | 0.63% | 0.62% | |
EOG | A | 0.43% | 0.48% | 0.43% | |
EXEL | B | 0.43% | 0.43% | 0.43% | |
F | C | 0.15% | 0.33% | 0.15% | |
FTNT | C | 0.24% | 0.2% | 0.2% | |
GAP | C | 0.18% | 0.21% | 0.18% | |
GE | D | 0.45% | 0.48% | 0.45% | |
GEN | B | 0.13% | 0.13% | 0.13% | |
GILD | C | 0.73% | 0.74% | 0.73% | |
GL | B | 0.2% | 0.13% | 0.13% | |
GOOG | C | 1.74% | 1.89% | 1.74% | |
GOOGL | C | 2.02% | 2.04% | 2.02% | |
GRMN | B | 0.31% | 0.44% | 0.31% | |
HD | A | 1.32% | 1.32% | 1.32% | |
HWM | A | 0.27% | 0.38% | 0.27% | |
IDXX | F | 0.26% | 0.15% | 0.15% | |
IGT | F | 0.45% | 0.46% | 0.45% | |
INCY | C | 0.27% | 0.34% | 0.27% | |
JNJ | D | 0.61% | 0.73% | 0.61% | |
JPM | A | 1.82% | 1.93% | 1.82% | |
KLAC | D | 0.54% | 0.61% | 0.54% | |
KR | B | 0.11% | 0.12% | 0.11% | |
LDOS | C | 0.32% | 0.31% | 0.31% | |
LHX | C | 0.23% | 0.21% | 0.21% | |
LLY | F | 0.76% | 0.76% | 0.76% | |
LMT | D | 0.69% | 0.71% | 0.69% | |
LNW | D | 0.17% | 0.16% | 0.16% | |
LPLA | A | 0.03% | 0.11% | 0.03% | |
LRCX | F | 0.23% | 0.24% | 0.23% | |
LYFT | C | 0.06% | 0.08% | 0.06% | |
MA | C | 1.34% | 1.36% | 1.34% | |
MEDP | D | 0.31% | 0.28% | 0.28% | |
META | D | 2.87% | 2.89% | 2.87% | |
MGM | D | 0.22% | 0.23% | 0.22% | |
MMC | B | 0.52% | 0.53% | 0.52% | |
MMM | D | 0.22% | 0.19% | 0.19% | |
MRK | F | 0.69% | 0.96% | 0.69% | |
MSCI | C | 0.49% | 0.26% | 0.26% | |
MSFT | F | 5.64% | 5.66% | 5.64% | |
MSI | B | 0.26% | 0.43% | 0.26% | |
MU | D | 0.47% | 0.5% | 0.47% | |
NBIX | C | 0.11% | 0.06% | 0.06% | |
NEE | D | 0.73% | 0.82% | 0.73% | |
NFLX | A | 1.26% | 1.28% | 1.26% | |
NOC | D | 0.56% | 0.6% | 0.56% | |
NOW | A | 0.34% | 0.5% | 0.34% | |
NSC | B | 0.26% | 0.11% | 0.11% | |
NUE | C | 0.32% | 0.36% | 0.32% | |
NVDA | C | 7.27% | 7.37% | 7.27% | |
ORCL | B | 0.04% | 0.04% | 0.04% | |
PCAR | B | 0.42% | 0.37% | 0.37% | |
PEGA | A | 0.16% | 0.02% | 0.02% | |
PFE | D | 0.56% | 0.41% | 0.41% | |
PG | A | 0.87% | 0.8% | 0.8% | |
PGR | A | 0.63% | 0.67% | 0.63% | |
PLTK | B | 0.1% | 0.07% | 0.07% | |
PM | B | 0.92% | 0.94% | 0.92% | |
PPG | F | 0.34% | 0.34% | 0.34% | |
PSA | D | 0.19% | 0.17% | 0.17% | |
PYPL | B | 0.54% | 0.72% | 0.54% | |
QCOM | F | 0.84% | 0.85% | 0.84% | |
QRVO | F | 0.11% | 0.06% | 0.06% | |
RSG | A | 0.2% | 0.23% | 0.2% | |
RTX | C | 0.44% | 0.28% | 0.28% | |
SCHW | B | 0.56% | 0.79% | 0.56% | |
SEIC | B | 0.54% | 0.54% | 0.54% | |
SKYW | B | 0.29% | 0.31% | 0.29% | |
SPG | B | 0.16% | 0.44% | 0.16% | |
SPGI | C | 0.28% | 0.21% | 0.21% | |
SQ | B | 0.59% | 0.6% | 0.59% | |
T | A | 0.67% | 0.71% | 0.67% | |
TDC | D | 0.35% | 0.35% | 0.35% | |
TJX | A | 0.73% | 0.72% | 0.72% | |
TMO | F | 0.26% | 0.38% | 0.26% | |
TMUS | B | 0.29% | 0.28% | 0.28% | |
TPH | D | 0.15% | 0.18% | 0.15% | |
TROW | B | 0.23% | 0.28% | 0.23% | |
TRV | B | 0.49% | 0.26% | 0.26% | |
TSLA | B | 1.26% | 1.27% | 1.26% | |
TT | A | 0.69% | 0.68% | 0.68% | |
TWLO | A | 0.02% | 0.09% | 0.02% | |
TXT | D | 0.51% | 0.5% | 0.5% | |
UBER | D | 0.14% | 0.24% | 0.14% | |
UNH | C | 0.57% | 0.57% | 0.57% | |
UNM | A | 0.01% | 0.1% | 0.01% | |
UNP | C | 0.73% | 0.75% | 0.73% | |
UTHR | C | 0.05% | 0.04% | 0.04% | |
V | A | 0.47% | 0.65% | 0.47% | |
VEEV | C | 0.12% | 0.04% | 0.04% | |
VST | B | 0.11% | 0.14% | 0.11% | |
WFC | A | 0.15% | 0.28% | 0.15% | |
WM | A | 0.38% | 0.41% | 0.38% | |
WMT | A | 0.8% | 0.82% | 0.8% | |
XOM | B | 1.54% | 1.56% | 1.54% | |
ZBRA | B | 0.47% | 0.52% | 0.47% | |
ZM | B | 0.52% | 0.53% | 0.52% |
FHEQ Overweight 25 Positions Relative to FBUF
Symbol | Grade | Weight | |
---|---|---|---|
BLK | C | 0.23% | |
XEL | A | 0.21% | |
HLT | A | 0.18% | |
VZ | C | 0.18% | |
GEHC | F | 0.17% | |
FTI | A | 0.17% | |
WDAY | B | 0.16% | |
MS | A | 0.16% | |
ETN | A | 0.15% | |
SOLV | C | 0.12% | |
ROST | C | 0.1% | |
MKL | A | 0.09% | |
BAH | F | 0.09% | |
DOC | D | 0.08% | |
ALL | A | 0.07% | |
BCC | B | 0.07% | |
MDLZ | F | 0.07% | |
L | A | 0.07% | |
TENB | C | 0.06% | |
BLD | D | 0.05% | |
QGEN | D | 0.04% | |
SCCO | F | 0.04% | |
MHO | D | 0.02% | |
NWL | B | 0.01% | |
OGE | B | 0.01% |
FHEQ: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Insurance - Property & Casualty
Apparel Stores
Capital Markets
Semiconductors
Telecom Services
Aerospace & Defense
Asset Management
Banks - Global
Biotechnology
Credit Services
Diagnostics & Research
Household & Personal Products
Software - Infrastructure
Specialty Industrial Machinery
Business Services
Communication Equipment
Diversified Industrials
Health Care Plans
FBUF: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Semiconductors
Aerospace & Defense
Apparel Stores
Banks - Global
Biotechnology
Capital Markets
Credit Services
Diversified Industrials
Software - Infrastructure
Telecom Services
Asset Management
Communication Equipment
Diagnostics & Research
Health Care Plans
Household & Personal Products
Insurance - Property & Casualty
Internet Content & Information
Oil & Gas E&P