FMAT vs. VSMV ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV)

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.01

Average Daily Volume

33,943

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$50.09

Average Daily Volume

11,492

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	VSMV
30 Days	0.02%	3.22%
60 Days	1.58%	4.01%
90 Days	3.81%	4.52%
12 Months	21.02%	23.25%

6 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in VSMV	Overlap
ATR	B	0.81%	0.54%	0.54%
BERY	B	0.53%	0.24%	0.24%
CCK	C	0.76%	0.84%	0.76%
NUE	C	2.46%	0.25%	0.25%
PKG	A	1.49%	0.39%	0.39%
STLD	B	1.44%	0.27%	0.27%

FMAT Overweight 104 Positions Relative to VSMV

Symbol	Grade	Weight
LIN	D	15.3%
SHW	A	6.57%
APD	A	4.93%
ECL	D	4.47%
FCX	D	4.36%
NEM	D	3.29%
CTVA	C	2.81%
VMC	B	2.62%
MLM	B	2.54%
DD	D	2.44%
DOW	F	2.2%
PPG	F	2.03%
SW	A	1.84%
IFF	D	1.6%
LYB	F	1.51%
BALL	D	1.35%
IP	B	1.32%
RS	B	1.25%
RPM	A	1.23%
AVY	D	1.13%
CF	B	1.1%
AMCR	D	1.03%
ALB	C	0.84%
EMN	D	0.83%
EXP	A	0.73%
AA	B	0.68%
RGLD	C	0.65%
AXTA	A	0.63%
GPK	C	0.61%
MOS	F	0.59%
CE	F	0.57%
CRS	A	0.57%
X	C	0.57%
LPX	B	0.51%
FMC	D	0.49%
ATI	D	0.49%
CMC	B	0.48%
ESI	A	0.46%
SUM	B	0.42%
CBT	C	0.42%
CLF	F	0.4%
BCPC	B	0.4%
KNF	A	0.36%
SON	D	0.35%
OLN	D	0.35%
SEE	C	0.35%
WLK	D	0.34%
AVNT	B	0.33%
SLGN	A	0.32%
FUL	F	0.29%
NEU	C	0.27%
ASH	D	0.26%
HCC	B	0.24%
HL	D	0.23%
HUN	F	0.22%
SMG	D	0.22%
SLVM	B	0.21%
IOSP	B	0.21%
SXT	B	0.2%
ARCH	B	0.2%
CC	C	0.2%
AMR	C	0.18%
MTX	B	0.18%
MTRN	C	0.17%
KWR	C	0.17%
HWKN	B	0.17%
CDE	D	0.17%
MP	B	0.16%
OI	C	0.14%
GEF	A	0.12%
PRM	C	0.12%
SCL	C	0.12%
NGVT	B	0.11%
USLM	A	0.11%
WS	B	0.1%
TROX	D	0.09%
PCT	C	0.09%
KALU	C	0.09%
CENX	B	0.08%
ASPN	F	0.07%
TRS	B	0.07%
OEC	C	0.07%
SXC	A	0.07%
KOP	C	0.06%
ASIX	A	0.06%
ECVT	C	0.06%
MATV	D	0.05%
GATO	D	0.05%
IE	C	0.05%
RYI	C	0.05%
HAYN	C	0.05%
PTVE	B	0.04%
MTUS	C	0.04%
METC	C	0.03%
MYE	F	0.03%
ZEUS	C	0.03%
CMP	C	0.03%
CLW	F	0.03%
LXU	B	0.03%
RDUS	C	0.03%
MERC	F	0.02%
KRO	D	0.02%
PACK	B	0.02%
GEF	A	0.02%

FMAT Underweight 62 Positions Relative to VSMV

Symbol	Grade	Weight
AAPL	C	-9.39%
MSFT	F	-8.89%
WMT	A	-3.81%
XOM	B	-3.55%
JNJ	D	-3.43%
COR	B	-3.24%
RSG	A	-3.09%
LMT	D	-3.01%
WM	A	-3.0%
PG	A	-2.92%
ADP	B	-2.91%
AFL	B	-2.87%
CAH	B	-2.74%
MCK	B	-2.64%
CTSH	B	-2.59%
COST	B	-2.58%
ALL	A	-2.55%
CI	F	-2.51%
MRK	F	-2.46%
LDOS	C	-2.38%
HPE	B	-2.26%
ABBV	D	-2.15%
NTAP	C	-2.02%
EOG	A	-1.95%
GOOGL	C	-1.88%
KMI	A	-1.73%
CINF	A	-1.33%
WMB	A	-1.24%
FFIV	B	-1.06%
MUSA	A	-0.86%
PAYX	C	-0.83%
NYT	C	-0.69%
GD	F	-0.48%
DVA	B	-0.48%
ANF	C	-0.4%
SPG	B	-0.39%
CMCSA	B	-0.38%
CSX	B	-0.32%
ALSN	B	-0.3%
SNA	A	-0.3%
CPAY	A	-0.29%
TJX	A	-0.28%
GILD	C	-0.27%
WSO	A	-0.27%
MSI	B	-0.27%
PYPL	B	-0.27%
BMY	B	-0.27%
KMB	D	-0.26%
ACN	C	-0.25%
THC	D	-0.24%
CAT	B	-0.24%
CHRD	D	-0.24%
AM	A	-0.24%
LSTR	D	-0.24%
MMM	D	-0.23%
PHM	D	-0.22%
LEA	D	-0.22%
HCA	F	-0.21%
KO	D	-0.21%
CL	D	-0.21%
BBY	D	-0.21%
GIS	D	-0.21%