FMET vs. ARB ETF Comparison

Comparison of Fidelity Metaverse ETF (FMET) to AltShares Merger Arbitrage ETF (ARB)

FMET

Fidelity Metaverse ETF

FMET Description

The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.25

Average Daily Volume

5,254

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARB

AltShares Merger Arbitrage ETF

ARB Description

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.81

Average Daily Volume

11,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMET	ARB
30 Days	-2.50%	-0.39%
60 Days	0.95%	0.23%
90 Days	0.11%	1.02%
12 Months	10.74%	5.71%

1 Overlapping Holdings

	Symbol	Grade	Weight in FMET	Weight in ARB	Overlap
	TWKS	B	0.54%	1.11%	0.54%

FMET Overweight 35 Positions Relative to ARB

Symbol	Grade	Weight
NVDA	B	5.75%
META	C	4.77%
GOOGL	B	4.73%
AMD	F	4.56%
MSFT	D	4.32%
AAPL	C	4.27%
QCOM	F	4.19%
INTC	C	4.16%
ADBE	F	3.9%
EQIX	B	3.38%
ADSK	B	3.24%
DLR	A	3.13%
EA	A	2.51%
RBLX	B	2.37%
TTWO	A	2.34%
PTC	B	2.2%
SNAP	D	2.0%
PINS	F	1.77%
GLOB	C	1.68%
BSY	D	1.59%
ALTR	B	1.45%
U	F	1.37%
SMCI	F	1.15%
CRUS	F	1.04%
AMBA	B	1.03%
FSLY	D	0.83%
EXPI	C	0.82%
MOMO	D	0.72%
BMBL	C	0.71%
WB	F	0.7%
VNET	D	0.69%
HIMX	F	0.67%
DAVA	C	0.66%
PLTK	A	0.64%
HEAR	C	0.52%

FMET Underweight 42 Positions Relative to ARB

Symbol	Grade	Weight
MRO	A	-2.76%
RCM	A	-2.73%
CTLT	C	-2.72%
HCP	B	-2.72%
SPR	D	-2.68%
K	B	-2.67%
JNPR	D	-2.66%
ANSS	B	-2.57%
INFN	C	-2.27%
SRCL	B	-2.19%
CHX	C	-2.19%
ENV	B	-2.17%
SILK	A	-2.16%
PETQ	A	-2.14%
EVRI	A	-2.13%
RVNC	F	-2.07%
HA	A	-2.02%
HES	B	-1.95%
DFS	A	-1.9%
X	D	-1.85%
DO	D	-1.83%
ALE	A	-1.81%
PRFT	A	-1.81%
PWSC	C	-1.81%
AXNX	A	-1.81%
INST	B	-1.79%
VZIO	A	-1.78%
AMK	B	-1.78%
GTHX	A	-1.72%
SRDX	C	-1.4%
FBMS	A	-1.16%
HTLF	A	-1.15%
BALY	A	-1.14%
CHUY	B	-1.13%
MGRC	B	-1.07%
SWN	C	-0.94%
CALT	C	-0.58%
AAN	B	-0.56%
CNSL	A	-0.54%
AGS	A	-0.53%
HAYN	A	-0.53%
SRCL	B	-0.5%