FMDE vs. SPVU ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to PowerShares S&P 500 Value Portfolio (SPVU)

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

$34.97

Average Daily Volume

149,789

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

SPVU

PowerShares S&P 500 Value Portfolio

SPVU Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Enhanced Value Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "value score," which the index provider calculates based on fundamental ratios of a company&#39;s stock. A value stock tends to trade at a lower price relative to such fundamentals and thus may be considered undervalued by investors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.67

Average Daily Volume

6,863

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	SPVU
30 Days	8.08%	6.88%
60 Days	9.45%	8.56%
90 Days	11.70%	8.93%
12 Months	39.69%	34.86%

42 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in SPVU	Overlap
ACGL	D	0.09%	0.73%	0.09%
ADM	D	0.07%	0.93%	0.07%
AIZ	A	0.63%	0.23%	0.23%
BBY	D	0.03%	0.35%	0.03%
BK	A	0.99%	1.04%	0.99%
CFG	B	0.23%	0.46%	0.23%
CI	F	0.06%	1.81%	0.06%
CINF	A	0.13%	0.55%	0.13%
CNC	D	0.57%	0.99%	0.57%
COR	B	0.51%	0.73%	0.51%
DAL	C	0.05%	1.07%	0.05%
DHI	D	0.37%	0.94%	0.37%
DVN	F	0.31%	0.44%	0.31%
ED	D	0.02%	0.5%	0.02%
EG	C	0.06%	0.44%	0.06%
EVRG	A	0.41%	0.24%	0.24%
FANG	D	0.26%	0.49%	0.26%
GL	B	0.54%	0.22%	0.22%
HIG	B	0.4%	0.63%	0.4%
HII	D	0.21%	0.14%	0.14%
HPE	B	0.61%	0.58%	0.58%
HPQ	B	0.01%	0.5%	0.01%
HUM	C	0.06%	0.76%	0.06%
KEY	B	0.65%	0.32%	0.32%
KR	B	0.73%	0.96%	0.73%
L	A	0.06%	0.37%	0.06%
LEN	D	0.29%	0.83%	0.29%
LUV	C	0.1%	0.33%	0.1%
MRO	B	0.02%	0.3%	0.02%
MTB	A	0.22%	0.84%	0.22%
NRG	B	0.65%	0.38%	0.38%
NUE	C	0.6%	0.76%	0.6%
PHM	D	0.05%	0.51%	0.05%
PRU	A	0.85%	0.9%	0.85%
SOLV	C	0.39%	0.2%	0.2%
STLD	B	0.47%	0.45%	0.45%
STT	A	0.72%	0.6%	0.6%
SYF	B	0.36%	0.63%	0.36%
UAL	A	0.79%	1.0%	0.79%
UHS	D	0.32%	0.21%	0.21%
VICI	C	0.63%	0.6%	0.6%
WBD	C	0.08%	0.42%	0.08%

FMDE Overweight 250 Positions Relative to SPVU

Symbol	Grade	Weight
WMB	A	1.12%
SQ	B	0.97%
SPG	B	0.96%
CMI	A	0.94%
VST	B	0.94%
HWM	A	0.89%
MSCI	C	0.84%
RJF	A	0.78%
CVNA	B	0.75%
CAH	B	0.74%
EXPE	B	0.73%
RBLX	C	0.72%
WTW	B	0.72%
ROST	C	0.71%
VEEV	C	0.71%
TOST	B	0.69%
TWLO	A	0.67%
ZM	B	0.67%
AXON	A	0.67%
PPG	F	0.66%
CSGP	D	0.66%
DOCU	A	0.65%
CLX	B	0.65%
NVR	D	0.65%
CCL	B	0.65%
NTAP	C	0.64%
FIS	C	0.63%
TOL	B	0.62%
EQH	B	0.62%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
AMP	A	0.6%
INCY	C	0.6%
CCI	D	0.6%
LDOS	C	0.6%
TXT	D	0.59%
CW	B	0.59%
HUBB	B	0.59%
LNG	B	0.59%
SSNC	B	0.59%
EA	A	0.58%
ALLE	D	0.58%
DD	D	0.58%
LYFT	C	0.57%
ALL	A	0.57%
DBX	B	0.56%
DKNG	B	0.56%
TRGP	B	0.56%
FTV	C	0.54%
PYPL	B	0.54%
FFIV	B	0.54%
MANH	D	0.54%
EXEL	B	0.52%
CNP	B	0.52%
CTAS	B	0.52%
UNM	A	0.52%
GRMN	B	0.52%
DCI	B	0.52%
TPR	B	0.51%
GILD	C	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
CACI	D	0.49%
GAP	C	0.49%
AMH	D	0.49%
ECL	D	0.49%
CCK	C	0.48%
TDC	D	0.48%
TT	A	0.48%
BURL	A	0.48%
AXTA	A	0.47%
BWXT	B	0.47%
BERY	B	0.46%
PSA	D	0.46%
BRX	A	0.45%
NYT	C	0.45%
MEDP	D	0.45%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	A	0.45%
ANF	C	0.45%
NDAQ	A	0.44%
CRUS	D	0.44%
SNX	C	0.44%
LNW	D	0.44%
NBIX	C	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
NVT	B	0.41%
AME	A	0.4%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
ALSN	B	0.37%
VMI	B	0.37%
KLAC	D	0.36%
PCG	A	0.36%
HXL	D	0.35%
UTHR	C	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	B	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	D	0.33%
GIS	D	0.33%
NTNX	A	0.33%
WCC	B	0.33%
WU	D	0.33%
BLD	D	0.32%
EBAY	D	0.32%
Z	A	0.32%
EME	C	0.31%
COIN	C	0.31%
CPAY	A	0.31%
AYI	B	0.31%
RS	B	0.3%
APP	B	0.3%
GDDY	A	0.29%
EQR	B	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%
BAH	F	0.27%
CBOE	B	0.27%
DXCM	D	0.27%
A	D	0.27%
ELAN	D	0.27%
ZG	A	0.26%
BMY	B	0.26%
ZBRA	B	0.25%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
INGR	B	0.24%
LHX	C	0.24%
SEIC	B	0.24%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	D	0.22%
FLS	B	0.21%
DFS	B	0.21%
PCTY	B	0.21%
ADTN	A	0.2%
GPN	B	0.2%
DKS	C	0.2%
BLDR	D	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	B	0.18%
NOC	D	0.18%
ACM	A	0.17%
MKL	A	0.16%
DASH	A	0.16%
WWD	B	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	D	0.15%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
ATI	D	0.13%
ANSS	B	0.13%
REG	B	0.13%
FTI	A	0.12%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	0.12%
WSM	B	0.11%
CBSH	A	0.11%
MORN	B	0.11%
IBKR	A	0.11%
GEHC	F	0.11%
NWS	B	0.11%
EXC	C	0.11%
SYY	B	0.11%
ROP	B	0.1%
CTRE	D	0.1%
AWK	D	0.1%
VLTO	D	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ES	D	0.09%
LPLA	A	0.09%
LEG	F	0.08%
XRAY	F	0.08%
MCHP	D	0.08%
VSTS	C	0.07%
JHG	A	0.07%
CWEN	C	0.07%
MSA	D	0.07%
AMT	D	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	C	0.06%
VIRT	B	0.06%
TNL	A	0.06%
NSC	B	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	F	0.05%
TXG	F	0.05%
NTRA	B	0.05%
OGE	B	0.04%
BBWI	D	0.04%
DGX	A	0.04%
BIIB	F	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
K	A	0.04%
CF	B	0.03%
EPR	D	0.03%
REYN	D	0.03%
AKAM	D	0.03%
TXRH	C	0.03%
BMRN	D	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	B	0.02%
OVV	B	0.02%
HAL	C	0.02%
LSCC	D	0.01%
STAG	F	0.01%
OKE	A	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 57 Positions Relative to SPVU

Symbol	Grade	Weight
JPM	A	-5.7%
BAC	A	-5.25%
BRK.A	B	-5.16%
WFC	A	-4.93%
XOM	B	-4.91%
CVX	A	-4.54%
T	A	-3.92%
CMCSA	B	-3.39%
VZ	C	-2.85%
C	A	-2.63%
CVS	D	-2.46%
GM	B	-2.39%
MPC	D	-1.63%
COF	B	-1.61%
VLO	C	-1.59%
PSX	C	-1.58%
USB	A	-1.43%
PNC	B	-1.43%
F	C	-1.43%
MCK	B	-1.38%
EMR	A	-1.27%
FDX	B	-1.25%
AIG	B	-1.24%
CHTR	C	-0.82%
ETR	B	-0.57%
FITB	A	-0.56%
KHC	F	-0.56%
HBAN	A	-0.53%
RF	A	-0.52%
BG	F	-0.44%
TSN	B	-0.4%
BALL	D	-0.38%
APTV	D	-0.37%
LYB	F	-0.37%
JBL	B	-0.36%
BAX	D	-0.36%
MOH	F	-0.33%
TAP	C	-0.32%
PFG	D	-0.32%
KMX	B	-0.28%
VTRS	A	-0.26%
SW	A	-0.25%
FOXA	B	-0.24%
MOS	F	-0.24%
CAG	D	-0.24%
BWA	D	-0.2%
LKQ	D	-0.2%
CZR	F	-0.19%
EMN	D	-0.18%
APA	D	-0.17%
PNW	B	-0.16%
PARA	C	-0.15%
CE	F	-0.15%
BEN	C	-0.15%
FMC	D	-0.15%
WBA	F	-0.14%
MHK	D	-0.11%