FNCL vs. SKF ETF Comparison

Comparison of Fidelity MSCI Financials Index ETF (FNCL) to ProShares UltraShort Financials (SKF)

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials 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 Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.47

Average Daily Volume

114,581

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

SKF

ProShares UltraShort Financials

SKF Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

12,877

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNCL	SKF
30 Days	9.11%	-14.46%
60 Days	13.04%	-19.83%
90 Days	16.04%	-23.27%
12 Months	49.10%	-49.37%

64 Overlapping Holdings

Symbol	Grade	Weight in FNCL	Weight in SKF	Overlap
ACGL	D	0.46%	0.31%	0.31%
AFL	B	0.74%	0.66%	0.66%
AIG	B	0.63%	0.77%	0.63%
AJG	B	0.8%	0.3%	0.3%
ALL	A	0.64%	0.64%	0.64%
ALLY	C	0.12%	0.19%	0.12%
AMP	A	0.69%	0.37%	0.37%
AON	A	0.91%	0.83%	0.83%
AXP	A	2.05%	1.49%	1.49%
BAC	A	4.0%	4.46%	4.0%
BK	A	0.71%	0.65%	0.65%
BLK	C	1.93%	1.06%	1.06%
BRK.A	B	7.67%	7.56%	7.56%
BX	A	1.6%	0.67%	0.67%
C	A	1.61%	2.98%	1.61%
CB	C	1.37%	1.17%	1.17%
CFG	B	0.27%	0.3%	0.27%
CINF	A	0.29%	0.27%	0.27%
CME	A	0.99%	1.25%	0.99%
COF	B	0.87%	0.81%	0.81%
DFS	B	0.54%	0.44%	0.44%
EG	C	0.2%	0.19%	0.19%
EQH	B	0.19%	0.19%	0.19%
FDS	B	0.23%	0.18%	0.18%
FITB	A	0.4%	0.35%	0.35%
FNF	B	0.19%	0.22%	0.19%
GL	B	0.13%	0.18%	0.13%
GS	A	2.35%	1.34%	1.34%
HBAN	A	0.32%	0.26%	0.26%
HIG	B	0.43%	0.37%	0.37%
ICE	C	1.11%	0.91%	0.91%
JPM	A	8.6%	7.27%	7.27%
KEY	B	0.23%	0.32%	0.23%
L	A	0.2%	0.23%	0.2%
LNC	B	0.07%	0.2%	0.07%
MA	C	5.35%	4.83%	4.83%
MCO	B	0.98%	0.7%	0.7%
MET	A	0.63%	0.69%	0.63%
MKL	A	0.28%	0.28%	0.28%
MKTX	D	0.12%	0.24%	0.12%
MMC	B	1.35%	0.97%	0.97%
MS	A	2.0%	1.19%	1.19%
MSCI	C	0.59%	0.4%	0.4%
MTB	A	0.44%	0.36%	0.36%
NDAQ	A	0.42%	0.21%	0.21%
NTRS	A	0.27%	0.39%	0.27%
PFG	D	0.25%	0.25%	0.25%
PGR	A	1.87%	0.75%	0.75%
PNC	B	1.03%	1.13%	1.03%
PRU	A	0.56%	0.66%	0.56%
RF	A	0.3%	0.27%	0.27%
RJF	A	0.39%	0.2%	0.2%
SCHW	B	1.5%	0.93%	0.93%
SPGI	C	2.02%	1.22%	1.22%
STT	A	0.35%	0.5%	0.35%
SYF	B	0.32%	0.36%	0.32%
TFC	A	0.77%	1.27%	0.77%
TROW	B	0.33%	0.52%	0.33%
TRV	B	0.73%	0.61%	0.61%
USB	A	0.98%	1.32%	0.98%
V	A	6.01%	5.88%	5.88%
WFC	A	3.14%	3.19%	3.14%
WRB	A	0.23%	0.17%	0.17%
WTW	B	0.4%	0.44%	0.4%

FNCL Overweight 316 Positions Relative to SKF

Symbol	Grade	Weight
FI	A	1.53%
KKR	A	1.16%
PYPL	B	1.05%
APO	B	0.81%
COIN	C	0.66%
FIS	C	0.61%
SQ	B	0.58%
ARES	A	0.39%
GPN	B	0.37%
BRO	B	0.33%
CPAY	A	0.31%
LPLA	A	0.29%
FCNCA	A	0.27%
CBOE	B	0.26%
IBKR	A	0.22%
HOOD	B	0.21%
RGA	A	0.19%
EWBC	A	0.18%
TOST	B	0.18%
TW	A	0.18%
SOFI	A	0.17%
RNR	C	0.17%
UNM	A	0.16%
AFRM	B	0.16%
JKHY	D	0.16%
AIZ	A	0.15%
CG	A	0.15%
SF	B	0.15%
JEF	A	0.15%
EVR	B	0.14%
FHN	A	0.14%
ERIE	D	0.13%
WBS	A	0.13%
AFG	A	0.13%
KNSL	B	0.13%
OWL	A	0.13%
PRI	A	0.13%
MORN	B	0.12%
PNFP	B	0.12%
HLI	B	0.12%
WAL	B	0.12%
ORI	A	0.12%
SNV	B	0.11%
CBSH	A	0.11%
WTFC	A	0.11%
ZION	B	0.11%
SEIC	B	0.11%
CMA	A	0.11%
PB	A	0.1%
SSB	B	0.1%
VOYA	B	0.1%
CFR	B	0.1%
JXN	C	0.09%
OMF	A	0.09%
ONB	B	0.09%
RLI	B	0.09%
RYAN	B	0.09%
BPOP	B	0.09%
HLNE	B	0.09%
AXS	A	0.09%
WEX	D	0.09%
JHG	A	0.08%
FNB	A	0.08%
BEN	C	0.08%
GBCI	B	0.08%
COOP	B	0.08%
COLB	A	0.08%
CADE	B	0.08%
MTG	C	0.08%
FAF	A	0.08%
AGNC	D	0.08%
RDN	C	0.07%
FOUR	B	0.07%
UBSI	B	0.07%
UMBF	B	0.07%
HOMB	A	0.07%
THG	A	0.07%
STWD	C	0.07%
IVZ	B	0.07%
SIGI	C	0.07%
ESNT	D	0.07%
AMG	B	0.07%
PIPR	B	0.07%
VLY	B	0.06%
ABCB	B	0.06%
KMPR	B	0.06%
EEFT	B	0.06%
CNO	A	0.06%
MC	C	0.06%
SFBS	B	0.06%
SLM	A	0.06%
WTM	A	0.06%
FFIN	B	0.06%
AGO	B	0.06%
UPST	B	0.06%
TPG	A	0.06%
OZK	B	0.06%
HWC	B	0.06%
WD	D	0.05%
BGC	C	0.05%
PJT	A	0.05%
FHB	A	0.05%
STEP	B	0.05%
TCBI	B	0.05%
ESGR	B	0.05%
IBOC	A	0.05%
ASB	B	0.05%
AX	A	0.05%
PFSI	D	0.05%
VCTR	B	0.04%
HTLF	B	0.04%
INDB	B	0.04%
GSHD	A	0.04%
SFNC	B	0.04%
BKU	A	0.04%
CACC	D	0.04%
BXMT	C	0.04%
BOH	B	0.04%
NMIH	D	0.04%
VIRT	B	0.04%
WAFD	B	0.04%
CVBF	A	0.04%
HASI	D	0.04%
PRK	B	0.04%
GNW	A	0.04%
APAM	B	0.04%
FIBK	A	0.04%
FHI	A	0.04%
CBU	B	0.04%
BOKF	B	0.04%
FBP	B	0.04%
WSFS	A	0.04%
AUB	B	0.04%
EBC	B	0.04%
CATY	B	0.04%
FULT	A	0.04%
UCB	A	0.04%
BHF	B	0.04%
SYBT	B	0.03%
NATL	B	0.03%
AGM	C	0.03%
FBK	B	0.03%
PRG	C	0.03%
FRHC	B	0.03%
TRMK	B	0.03%
BANC	A	0.03%
EVTC	B	0.03%
DBRG	F	0.03%
MCY	A	0.03%
TFIN	A	0.03%
RNST	B	0.03%
NBTB	B	0.03%
EFSC	B	0.03%
WSBC	A	0.03%
SBCF	A	0.03%
IBTX	B	0.03%
TBBK	B	0.03%
FLYW	C	0.03%
BANR	B	0.03%
BANF	B	0.03%
PPBI	B	0.03%
OSCR	D	0.03%
WU	D	0.03%
PFS	B	0.03%
ABR	C	0.03%
PLMR	B	0.03%
TOWN	B	0.03%
CNS	B	0.03%
FRME	B	0.03%
FFBC	A	0.03%
PAYO	A	0.03%
ENVA	B	0.03%
SNEX	B	0.03%
PMT	D	0.02%
OCFC	B	0.02%
SRCE	B	0.02%
EIG	B	0.02%
PEBO	A	0.02%
ARI	C	0.02%
BHLB	B	0.02%
RC	D	0.02%
ACT	D	0.02%
GABC	B	0.02%
WT	B	0.02%
NAVI	C	0.02%
WABC	B	0.02%
NBHC	B	0.02%
NNI	D	0.02%
NIC	B	0.02%
HTH	B	0.02%
VBTX	B	0.02%
CODI	B	0.02%
TCBK	B	0.02%
LOB	B	0.02%
LADR	B	0.02%
STBA	B	0.02%
SPNT	A	0.02%
MQ	F	0.02%
QCRH	A	0.02%
HOPE	B	0.02%
CUBI	C	0.02%
HMN	B	0.02%
BUSE	B	0.02%
CHCO	B	0.02%
LMND	B	0.02%
RKT	F	0.02%
LC	A	0.02%
SKWD	A	0.02%
DFIN	D	0.02%
LKFN	B	0.02%
NWBI	B	0.02%
SASR	B	0.02%
TRUP	B	0.02%
VRTS	B	0.02%
FCF	A	0.02%
FBNC	A	0.02%
STC	B	0.02%
CASH	A	0.02%
OFG	B	0.02%
CLBK	B	0.01%
HONE	B	0.01%
KRNY	B	0.01%
CCBG	B	0.01%
GDOT	D	0.01%
PX	A	0.01%
TRTX	B	0.01%
GSBC	B	0.01%
UFCS	B	0.01%
HAFC	A	0.01%
TREE	F	0.01%
UWMC	D	0.01%
NFBK	B	0.01%
NRDS	C	0.01%
BHB	B	0.01%
SPFI	B	0.01%
AMBC	C	0.01%
TIPT	B	0.01%
PGC	C	0.01%
KREF	D	0.01%
FMNB	B	0.01%
TRST	A	0.01%
MCB	B	0.01%
EZPW	A	0.01%
LPRO	C	0.01%
FSBC	B	0.01%
THFF	B	0.01%
CTLP	B	0.01%
MSBI	B	0.01%
PAY	B	0.01%
SMBC	B	0.01%
UVE	B	0.01%
IIIV	C	0.01%
CAC	B	0.01%
RBCAA	B	0.01%
EQBK	A	0.01%
BFH	B	0.01%
RPAY	D	0.01%
TFSL	A	0.01%
IMXI	B	0.01%
CPF	A	0.01%
BFST	C	0.01%
CASS	B	0.01%
MCBS	B	0.01%
AMTB	B	0.01%
FG	B	0.01%
CFFN	B	0.01%
FCBC	B	0.01%
HTBK	A	0.01%
CMTG	F	0.01%
PRA	C	0.01%
PFBC	B	0.01%
AMAL	B	0.01%
OSBC	A	0.01%
EGBN	B	0.01%
FMBH	B	0.01%
CCB	A	0.01%
CFB	B	0.01%
WASH	C	0.01%
HFWA	B	0.01%
TMP	B	0.01%
PRAA	C	0.01%
BFC	B	0.01%
BHRB	B	0.01%
HBNC	B	0.01%
BRSP	B	0.01%
MBIN	D	0.01%
BSIG	A	0.01%
DX	B	0.01%
MBWM	B	0.01%
RWT	D	0.01%
BY	B	0.01%
SBSI	B	0.01%
OBK	B	0.01%
ECPG	B	0.01%
CNOB	B	0.01%
EFC	C	0.01%
CTBI	B	0.01%
CNNE	B	0.01%
HCI	C	0.01%
IBCP	B	0.01%
BRKL	B	0.01%
FBMS	B	0.01%
UVSP	B	0.01%
FBRT	C	0.01%
AMSF	B	0.01%
PFC	A	0.01%
DCOM	A	0.01%
SAFT	C	0.01%
AROW	B	0.0%
RILY	F	0.0%
GCBC	C	0.0%
DGICA	A	0.0%
DHIL	A	0.0%
HGTY	B	0.0%
HBT	B	0.0%
WRLD	C	0.0%

FNCL Underweight 33 Positions Relative to SKF

Symbol	Grade	Weight
AMT	D	-1.74%
CCI	D	-1.02%
PLD	D	-1.0%
EQIX	A	-0.84%
SPG	B	-0.76%
WELL	A	-0.59%
PSA	D	-0.56%
AVB	B	-0.51%
SBAC	D	-0.48%
EQR	B	-0.48%
DLR	B	-0.44%
O	D	-0.42%
CSGP	D	-0.4%
WY	D	-0.39%
VTR	C	-0.37%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	D	-0.32%
DOC	D	-0.3%
INVH	D	-0.28%
MAA	B	-0.26%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
NLY	C	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
MPW	F	-0.19%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%