FMDE vs. SHRT ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Gotham Short Strategies ETF (SHRT)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.92

Average Daily Volume

149,918

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.56

Average Daily Volume

2,510

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	SHRT
30 Days	6.40%	-6.95%
60 Days	8.81%	-8.41%
90 Days	10.43%	-8.30%
12 Months	38.09%	-6.87%

54 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in SHRT	Overlap
ALLE	C	0.58%	0.21%	0.21%
BAH	F	0.27%	0.2%	0.2%
BIIB	F	0.04%	1.36%	0.04%
BLD	D	0.32%	0.29%	0.29%
BLDR	D	0.2%	0.02%	0.02%
BMRN	F	0.03%	0.42%	0.03%
CCK	D	0.48%	0.4%	0.4%
CF	A	0.03%	0.34%	0.03%
CHDN	B	0.12%	0.18%	0.12%
CI	D	0.06%	0.31%	0.06%
CL	D	0.42%	0.63%	0.42%
CLX	A	0.65%	0.46%	0.46%
CRUS	D	0.44%	1.26%	0.44%
CTRA	B	0.1%	0.27%	0.1%
DD	C	0.58%	0.35%	0.35%
ECL	D	0.49%	0.5%	0.49%
ELAN	D	0.27%	1.13%	0.27%
EME	A	0.31%	0.5%	0.31%
EXEL	B	0.52%	0.46%	0.46%
FLS	B	0.21%	0.21%	0.21%
GDDY	A	0.29%	0.16%	0.16%
GEHC	D	0.11%	0.01%	0.01%
HES	B	0.22%	0.3%	0.22%
IDXX	F	0.61%	0.11%	0.11%
IGT	F	0.38%	0.08%	0.08%
INGR	C	0.24%	0.73%	0.24%
IQV	F	0.33%	0.33%	0.33%
JAZZ	B	0.02%	0.3%	0.02%
KLAC	F	0.36%	0.8%	0.36%
LHX	C	0.24%	0.65%	0.24%
LPX	B	0.35%	1.65%	0.35%
LYFT	C	0.57%	0.13%	0.13%
MPWR	F	0.51%	0.03%	0.03%
MRO	B	0.02%	0.59%	0.02%
NBIX	C	0.44%	0.17%	0.17%
NOC	D	0.18%	0.81%	0.18%
NSC	B	0.06%	0.35%	0.06%
NTRA	A	0.05%	0.03%	0.03%
OVV	B	0.02%	0.69%	0.02%
POST	C	0.02%	0.55%	0.02%
QGEN	D	0.02%	1.01%	0.02%
QRVO	F	0.5%	0.88%	0.5%
ROST	D	0.71%	0.06%	0.06%
SWKS	F	0.45%	1.21%	0.45%
TPL	A	0.14%	0.09%	0.09%
TWLO	A	0.67%	0.29%	0.29%
TXRH	B	0.03%	0.25%	0.03%
UHS	D	0.32%	0.8%	0.32%
VLTO	C	0.1%	0.14%	0.1%
VMC	B	0.42%	0.36%	0.36%
VMI	B	0.37%	0.32%	0.32%
WSM	C	0.11%	0.23%	0.11%
XRAY	F	0.08%	0.31%	0.08%
ZBRA	B	0.25%	1.0%	0.25%

FMDE Overweight 238 Positions Relative to SHRT

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	A	0.97%
SPG	A	0.96%
CMI	A	0.94%
VST	A	0.94%
HWM	A	0.89%
PRU	A	0.85%
MSCI	C	0.84%
UAL	A	0.79%
RJF	A	0.78%
CVNA	B	0.75%
CAH	B	0.74%
EXPE	B	0.73%
KR	B	0.73%
STT	B	0.72%
RBLX	C	0.72%
WTW	B	0.72%
VEEV	C	0.71%
TOST	B	0.69%
ZM	C	0.67%
AXON	A	0.67%
PPG	F	0.66%
CSGP	D	0.66%
DOCU	B	0.65%
NRG	B	0.65%
NVR	D	0.65%
KEY	B	0.65%
CCL	A	0.65%
NTAP	C	0.64%
VICI	C	0.63%
AIZ	A	0.63%
FIS	C	0.63%
TOL	B	0.62%
EQH	C	0.62%
EIX	B	0.61%
HUBS	A	0.61%
HPE	B	0.61%
NUE	C	0.6%
AMP	A	0.6%
INCY	C	0.6%
CCI	C	0.6%
LDOS	C	0.6%
TXT	D	0.59%
CW	C	0.59%
HUBB	B	0.59%
LNG	A	0.59%
SSNC	B	0.59%
EA	A	0.58%
CNC	D	0.57%
ALL	A	0.57%
DBX	B	0.56%
DKNG	B	0.56%
TRGP	A	0.56%
FTV	C	0.54%
PYPL	B	0.54%
GL	C	0.54%
FFIV	B	0.54%
MANH	D	0.54%
CNP	A	0.52%
CTAS	B	0.52%
UNM	A	0.52%
GRMN	B	0.52%
DCI	B	0.52%
COR	B	0.51%
TPR	B	0.51%
GILD	C	0.51%
MSI	B	0.5%
CACI	D	0.49%
GAP	C	0.49%
AMH	C	0.49%
TDC	D	0.48%
TT	A	0.48%
BURL	B	0.48%
AXTA	B	0.47%
STLD	B	0.47%
BWXT	B	0.47%
BERY	C	0.46%
PSA	C	0.46%
BRX	A	0.45%
NYT	D	0.45%
MEDP	D	0.45%
HLT	A	0.45%
PEGA	B	0.45%
ANF	F	0.45%
NDAQ	A	0.44%
SNX	D	0.44%
LNW	F	0.44%
WAB	B	0.43%
PLTR	B	0.43%
GWW	B	0.42%
EVRG	A	0.41%
NVT	B	0.41%
HIG	B	0.4%
AME	A	0.4%
SOLV	D	0.39%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
PCAR	B	0.38%
ALSN	B	0.37%
DHI	F	0.37%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	0.35%
UTHR	C	0.35%
ZION	B	0.34%
RNG	C	0.34%
SEE	C	0.34%
DUOL	A	0.33%
GIS	D	0.33%
NTNX	B	0.33%
WCC	B	0.33%
WU	F	0.33%
EBAY	D	0.32%
Z	A	0.32%
COIN	C	0.31%
CPAY	A	0.31%
DVN	F	0.31%
AYI	B	0.31%
RS	B	0.3%
APP	B	0.3%
LEN	D	0.29%
EQR	C	0.29%
RGA	A	0.28%
MGM	D	0.28%
XEL	A	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
CBOE	C	0.27%
DXCM	C	0.27%
A	D	0.27%
FANG	C	0.26%
ZG	A	0.26%
BMY	B	0.26%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
SEIC	B	0.24%
CFG	B	0.23%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
MTB	A	0.22%
SBAC	D	0.22%
KMB	C	0.22%
DFS	B	0.21%
PCTY	C	0.21%
HII	F	0.21%
ADTN	A	0.2%
GPN	B	0.2%
DKS	D	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	A	0.18%
ACM	B	0.17%
MKL	A	0.16%
DASH	B	0.16%
WWD	C	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
KMI	A	0.14%
CINF	A	0.13%
ATI	C	0.13%
ANSS	B	0.13%
REG	A	0.13%
FTI	A	0.12%
ITT	A	0.12%
AES	F	0.12%
CBSH	B	0.11%
MORN	B	0.11%
IBKR	A	0.11%
NWS	A	0.11%
EXC	C	0.11%
SYY	D	0.11%
ROP	B	0.1%
CTRE	C	0.1%
LUV	C	0.1%
AWK	C	0.1%
AXS	A	0.09%
ACGL	C	0.09%
ES	C	0.09%
LPLA	A	0.09%
LEG	F	0.08%
MCHP	F	0.08%
WBD	B	0.08%
VSTS	C	0.07%
JHG	B	0.07%
CWEN	C	0.07%
ADM	D	0.07%
MSA	F	0.07%
AMT	C	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	D	0.06%
EG	C	0.06%
VIRT	A	0.06%
TNL	A	0.06%
HUM	C	0.06%
L	A	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	D	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	B	0.05%
OGE	A	0.04%
BBWI	C	0.04%
DGX	A	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
K	A	0.04%
BBY	D	0.03%
EPR	C	0.03%
REYN	D	0.03%
AKAM	D	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
AFL	B	0.02%
AJG	A	0.02%
ED	C	0.02%
HAL	C	0.02%
LSCC	D	0.01%
STAG	D	0.01%
OKE	A	0.01%
HPQ	B	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 146 Positions Relative to SHRT

Symbol	Grade	Weight
GM	C	-2.09%
TGT	F	-2.05%
THC	D	-1.9%
LRCX	F	-1.84%
FMC	D	-1.45%
CHWY	B	-1.34%
CVX	A	-1.31%
TSN	B	-1.15%
EOG	A	-1.12%
RVTY	F	-1.12%
PPC	C	-1.09%
GTLS	A	-1.08%
WBA	F	-0.92%
JBHT	C	-0.9%
LII	A	-0.84%
MATX	C	-0.83%
MU	D	-0.82%
CHTR	C	-0.82%
JCI	B	-0.81%
MTZ	B	-0.8%
D	C	-0.8%
UPS	C	-0.8%
TKO	A	-0.78%
CTLT	C	-0.75%
FCX	F	-0.71%
MKSI	C	-0.71%
CEG	C	-0.69%
ICUI	D	-0.67%
STX	C	-0.66%
WDC	D	-0.65%
PFE	F	-0.65%
CROX	D	-0.64%
J	D	-0.63%
MOH	F	-0.63%
BALL	F	-0.62%
MUR	D	-0.61%
HOLX	D	-0.58%
ENPH	F	-0.57%
KMX	B	-0.56%
EL	F	-0.56%
RGEN	D	-0.55%
ANET	C	-0.51%
AVNT	B	-0.5%
CNX	A	-0.5%
AVTR	F	-0.49%
ABBV	F	-0.48%
NCLH	B	-0.48%
FSS	B	-0.47%
SCCO	F	-0.45%
TPX	B	-0.44%
HALO	F	-0.44%
GNRC	C	-0.43%
MAS	D	-0.39%
SLGN	A	-0.38%
LTH	C	-0.37%
HAS	D	-0.35%
TRU	D	-0.34%
ZTS	D	-0.33%
GD	D	-0.33%
MSGS	A	-0.32%
AMAT	F	-0.31%
LKQ	F	-0.3%
MMS	F	-0.29%
SO	C	-0.27%
EMR	B	-0.26%
UI	B	-0.26%
ONTO	F	-0.26%
ASH	F	-0.24%
BPMC	B	-0.24%
SYK	B	-0.23%
SKYW	C	-0.23%
ILMN	C	-0.22%
NFG	A	-0.22%
LEVI	F	-0.22%
PSN	D	-0.21%
HIMS	B	-0.2%
EFX	F	-0.2%
COTY	F	-0.2%
MRVL	B	-0.2%
EW	C	-0.19%
TYL	B	-0.19%
FOXA	A	-0.18%
H	B	-0.17%
ALKS	C	-0.17%
GFS	C	-0.16%
ACIW	B	-0.16%
ESI	B	-0.16%
EMN	C	-0.16%
ADMA	B	-0.15%
APPF	B	-0.15%
KTB	B	-0.15%
VTRS	A	-0.14%
SHAK	C	-0.14%
RKLB	A	-0.13%
SWX	B	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
TMO	F	-0.12%
PODD	C	-0.11%
GMED	A	-0.11%
CNI	F	-0.11%
PNR	A	-0.1%
IPG	D	-0.1%
AWI	A	-0.09%
FCN	F	-0.09%
SEM	B	-0.09%
OLED	F	-0.09%
KEX	B	-0.09%
PEN	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
NOV	C	-0.08%
REGN	F	-0.08%
PTC	B	-0.07%
CHD	A	-0.07%
CWAN	B	-0.07%
ABG	C	-0.07%
VRSN	C	-0.07%
PRIM	A	-0.06%
SNDR	B	-0.05%
NXST	C	-0.05%
QTWO	A	-0.05%
FTDR	B	-0.04%
DTM	A	-0.04%
UBER	F	-0.03%
CMC	B	-0.03%
PWR	A	-0.02%
AOS	F	-0.02%
TER	F	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	C	-0.02%
APG	B	-0.02%
MTCH	D	-0.02%
TTEK	F	-0.02%
R	B	-0.01%
RUSHA	C	-0.01%
IAC	F	-0.01%
SITM	B	-0.01%
DOX	D	-0.01%
ZBH	C	-0.01%
EHC	B	-0.01%
DVA	C	-0.01%
OPCH	D	-0.01%
CRVL	B	-0.0%