FSMD vs. AFMC ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to Active Factor Mid Cap ETF (AFMC)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

9,370

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	AFMC
30 Days	7.37%	7.36%
60 Days	7.55%	6.97%
90 Days	9.10%	8.83%
12 Months	35.46%	41.05%

177 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in AFMC	Overlap
ABG	B	0.15%	0.17%	0.15%
ACIW	B	0.18%	0.51%	0.18%
ACT	D	0.1%	0.87%	0.1%
ADC	B	0.21%	0.34%	0.21%
AEO	F	0.12%	0.12%	0.12%
AGCO	D	0.15%	0.43%	0.15%
AIT	A	0.24%	0.22%	0.22%
AIZ	A	0.28%	0.4%	0.28%
ALSN	B	0.24%	1.13%	0.24%
AMG	B	0.17%	0.62%	0.17%
AMN	F	0.05%	0.09%	0.05%
AMR	C	0.11%	0.45%	0.11%
AN	C	0.13%	0.26%	0.13%
ANF	C	0.19%	0.37%	0.19%
AOS	F	0.19%	0.09%	0.09%
APPF	B	0.16%	0.3%	0.16%
ARW	D	0.16%	0.34%	0.16%
ASGN	F	0.13%	0.07%	0.07%
ASO	F	0.12%	0.29%	0.12%
ATR	B	0.26%	0.15%	0.15%
AVT	C	0.15%	0.27%	0.15%
AWI	A	0.19%	0.06%	0.06%
AYI	B	0.24%	1.16%	0.24%
BCC	B	0.15%	0.45%	0.15%
BERY	B	0.2%	0.59%	0.2%
BLD	D	0.24%	0.13%	0.13%
BMI	B	0.18%	0.04%	0.04%
BPMC	C	0.17%	0.1%	0.1%
BRBR	A	0.26%	0.62%	0.26%
BRX	A	0.23%	0.08%	0.08%
BTU	B	0.16%	0.43%	0.16%
BWA	D	0.2%	0.21%	0.2%
BYD	C	0.17%	0.35%	0.17%
CACI	D	0.22%	0.62%	0.22%
CASY	A	0.32%	0.14%	0.14%
CATY	B	0.15%	0.25%	0.15%
CBSH	A	0.22%	0.51%	0.22%
CHE	D	0.21%	0.41%	0.21%
CHRD	D	0.21%	0.4%	0.21%
CHRW	C	0.27%	0.28%	0.27%
CMC	B	0.18%	0.6%	0.18%
CNM	D	0.18%	0.72%	0.18%
CNXC	F	0.07%	0.09%	0.07%
COKE	C	0.16%	0.87%	0.16%
CPT	B	0.28%	0.09%	0.09%
CR	A	0.21%	0.3%	0.21%
CROX	D	0.16%	0.17%	0.16%
CRUS	D	0.15%	0.46%	0.15%
CRVL	A	0.15%	0.21%	0.15%
CSWI	A	0.18%	0.33%	0.18%
CTRE	D	0.16%	0.27%	0.16%
CUBE	D	0.25%	0.1%	0.1%
CUZ	B	0.16%	0.56%	0.16%
CVLT	B	0.21%	0.7%	0.21%
CW	B	0.3%	0.78%	0.3%
CXT	B	0.12%	0.05%	0.05%
DBX	B	0.19%	0.54%	0.19%
DCI	B	0.21%	0.08%	0.08%
DDS	B	0.11%	0.43%	0.11%
DINO	D	0.18%	0.48%	0.18%
DKS	C	0.25%	0.29%	0.25%
DOCS	C	0.25%	0.07%	0.07%
DVA	B	0.23%	0.06%	0.06%
DXC	B	0.14%	0.17%	0.14%
EHC	B	0.25%	0.27%	0.25%
EME	C	0.47%	1.33%	0.47%
ENS	D	0.12%	0.48%	0.12%
ENSG	D	0.22%	0.23%	0.22%
EQH	B	0.32%	0.1%	0.1%
ERIE	D	0.24%	0.65%	0.24%
ESAB	B	0.19%	0.23%	0.19%
ESNT	D	0.17%	0.8%	0.17%
EXEL	B	0.28%	0.39%	0.28%
EXLS	B	0.2%	0.1%	0.1%
EXP	A	0.25%	0.56%	0.25%
FHI	A	0.15%	0.68%	0.15%
FHN	A	0.27%	0.32%	0.27%
FIX	A	0.36%	1.06%	0.36%
FSS	B	0.15%	0.3%	0.15%
G	B	0.2%	0.66%	0.2%
GHC	C	0.15%	0.44%	0.15%
GMED	A	0.25%	0.48%	0.25%
GPI	A	0.17%	0.25%	0.17%
HAE	C	0.15%	0.08%	0.08%
HALO	F	0.16%	0.39%	0.16%
HIW	D	0.13%	0.77%	0.13%
HLI	B	0.25%	0.39%	0.25%
HNI	B	0.11%	0.44%	0.11%
HOG	D	0.13%	0.25%	0.13%
HRB	D	0.2%	0.5%	0.2%
HSIC	B	0.23%	0.09%	0.09%
IBOC	A	0.15%	0.85%	0.15%
IBP	D	0.15%	0.25%	0.15%
IDCC	A	0.17%	0.95%	0.17%
INCY	C	0.27%	0.29%	0.27%
INGR	B	0.23%	0.9%	0.23%
ITT	A	0.27%	0.09%	0.09%
JLL	D	0.27%	0.43%	0.27%
JXN	C	0.2%	0.65%	0.2%
KBH	D	0.16%	1.09%	0.16%
L	A	0.33%	0.22%	0.22%
LAMR	D	0.26%	0.39%	0.26%
LECO	B	0.25%	0.08%	0.08%
LEVI	F	0.1%	0.03%	0.03%
LII	A	0.39%	0.75%	0.39%
LNTH	D	0.17%	0.29%	0.17%
LOPE	B	0.16%	0.26%	0.16%
MANH	D	0.35%	0.27%	0.27%
MEDP	D	0.19%	0.43%	0.19%
MLI	C	0.25%	1.15%	0.25%
MMSI	B	0.2%	0.06%	0.06%
MSM	C	0.12%	0.24%	0.12%
MTG	C	0.18%	1.1%	0.18%
MTH	D	0.18%	0.47%	0.18%
MUSA	A	0.24%	0.6%	0.24%
NBIX	C	0.26%	0.22%	0.22%
NEU	C	0.13%	0.19%	0.13%
NFG	A	0.19%	0.56%	0.19%
NNN	D	0.2%	0.0%	0.0%
NRG	B	0.43%	0.99%	0.43%
NSA	D	0.13%	0.27%	0.13%
NSIT	F	0.12%	0.1%	0.1%
NVT	B	0.26%	0.26%	0.26%
NXST	C	0.17%	0.62%	0.17%
NYT	C	0.23%	0.5%	0.23%
OC	A	0.33%	0.8%	0.33%
OGN	D	0.12%	0.08%	0.08%
OHI	C	0.24%	0.58%	0.24%
ONTO	D	0.2%	0.42%	0.2%
ORI	A	0.24%	1.17%	0.24%
OZK	B	0.16%	0.21%	0.16%
PBF	D	0.13%	0.3%	0.13%
PBH	A	0.16%	0.06%	0.06%
PI	D	0.17%	0.0%	0.0%
PINC	B	0.12%	0.44%	0.12%
PPC	C	0.12%	0.54%	0.12%
PRI	A	0.25%	0.6%	0.25%
PSN	D	0.13%	0.46%	0.13%
RDN	C	0.15%	0.76%	0.15%
RGLD	C	0.23%	0.43%	0.23%
RL	B	0.22%	0.26%	0.22%
RPM	A	0.36%	0.5%	0.36%
SAIC	F	0.16%	0.31%	0.16%
SANM	B	0.15%	0.49%	0.15%
SF	B	0.29%	0.74%	0.29%
SFM	A	0.33%	1.96%	0.33%
SKX	D	0.2%	0.07%	0.07%
SNA	A	0.38%	0.47%	0.38%
SNX	C	0.22%	0.55%	0.22%
SPSC	C	0.17%	0.05%	0.05%
TAP	C	0.25%	0.07%	0.07%
TGNA	B	0.16%	0.54%	0.16%
THC	D	0.32%	1.12%	0.32%
TMHC	B	0.2%	0.78%	0.2%
TOL	B	0.34%	1.47%	0.34%
TPH	D	0.14%	0.11%	0.11%
TPL	A	0.6%	0.94%	0.6%
TPR	B	0.31%	0.62%	0.31%
TTEK	F	0.23%	0.26%	0.23%
TXRH	C	0.29%	0.72%	0.29%
UFPI	B	0.19%	0.34%	0.19%
UGI	A	0.17%	0.34%	0.17%
UHS	D	0.26%	0.45%	0.26%
UNM	A	0.3%	0.96%	0.3%
UTHR	C	0.35%	1.55%	0.35%
VMI	B	0.18%	0.24%	0.18%
VNT	B	0.17%	0.09%	0.09%
VRNS	D	0.16%	0.0%	0.0%
VSH	D	0.08%	0.13%	0.08%
WBS	A	0.26%	0.73%	0.26%
WFRD	D	0.17%	0.37%	0.17%
WSO	A	0.34%	0.38%	0.34%
WU	D	0.13%	0.07%	0.07%
WWD	B	0.24%	0.26%	0.24%
ZD	C	0.16%	0.25%	0.16%
ZETA	D	0.13%	0.05%	0.05%
ZION	B	0.23%	0.18%	0.18%

FSMD Overweight 400 Positions Relative to AFMC

Symbol	Grade	Weight
LYV	A	0.45%
NTRA	B	0.44%
IBKR	A	0.44%
NTNX	A	0.38%
GWRE	A	0.36%
TW	A	0.35%
PNR	A	0.35%
DUOL	A	0.35%
NWSA	B	0.33%
EWBC	A	0.33%
RGA	A	0.32%
SW	A	0.32%
GGG	B	0.31%
PSTG	D	0.31%
RNR	C	0.31%
ACM	A	0.31%
FTI	A	0.3%
DTM	B	0.3%
ROL	B	0.29%
SCI	B	0.29%
REG	B	0.28%
ELS	C	0.28%
NDSN	B	0.28%
AMH	D	0.27%
EVR	B	0.27%
BWXT	B	0.27%
OWL	A	0.27%
JNPR	F	0.26%
ALLE	D	0.26%
CLH	B	0.26%
BXP	D	0.26%
WAL	B	0.25%
SOLV	C	0.25%
BSY	D	0.25%
CIEN	B	0.25%
BJ	A	0.25%
KNSL	B	0.25%
GL	B	0.24%
OGE	B	0.24%
AAON	B	0.24%
PLNT	A	0.24%
CMA	A	0.24%
MASI	A	0.24%
CNX	A	0.24%
WTFC	A	0.23%
CHDN	B	0.23%
PCVX	D	0.23%
TPX	B	0.23%
HLNE	B	0.23%
SRPT	D	0.23%
AFG	A	0.23%
DOX	D	0.23%
VOYA	B	0.22%
ADMA	B	0.22%
WH	B	0.22%
ALLY	C	0.22%
RBC	A	0.22%
SEIC	B	0.22%
MORN	B	0.22%
WING	D	0.22%
SNV	B	0.22%
TFX	F	0.21%
HRL	D	0.21%
RLI	B	0.21%
MTSI	B	0.21%
QTWO	A	0.21%
GPK	C	0.21%
FN	D	0.21%
GKOS	B	0.21%
REXR	F	0.21%
AXTA	A	0.21%
FRT	B	0.21%
KD	B	0.2%
AXS	A	0.2%
CRBG	B	0.2%
FLS	B	0.2%
STRL	B	0.2%
CPB	D	0.2%
MTCH	D	0.2%
RDNT	B	0.2%
CORT	B	0.2%
WMG	C	0.19%
ALV	C	0.19%
THG	A	0.19%
GEO	B	0.19%
WMS	D	0.19%
COOP	B	0.19%
ALTR	B	0.19%
BPOP	B	0.19%
MGY	A	0.19%
PRCT	B	0.19%
TDS	B	0.19%
ACI	C	0.19%
RHI	B	0.19%
ELAN	D	0.19%
TTC	D	0.19%
OMF	A	0.19%
EWTX	C	0.19%
OSK	B	0.18%
CEIX	A	0.18%
SUM	B	0.18%
SIGI	C	0.18%
ESTC	C	0.18%
UMBF	B	0.18%
KNF	A	0.18%
EPRT	B	0.18%
MHK	D	0.18%
SSD	D	0.18%
FR	C	0.18%
PIPR	B	0.18%
R	B	0.18%
MTN	C	0.18%
GNTX	C	0.18%
RGEN	D	0.18%
MIR	A	0.17%
ITGR	B	0.17%
BKH	A	0.17%
QLYS	C	0.17%
DORM	B	0.17%
SMLR	B	0.17%
NOVT	D	0.17%
FTDR	A	0.17%
FCN	D	0.17%
SLM	A	0.17%
SN	D	0.17%
ACLX	C	0.17%
MOG.A	B	0.17%
BFAM	D	0.17%
TREX	C	0.17%
LRN	A	0.17%
STAG	F	0.17%
ESI	A	0.17%
OLED	D	0.17%
AROC	B	0.17%
CBT	C	0.17%
CALM	A	0.16%
ASB	B	0.16%
CNO	A	0.16%
PEGA	A	0.16%
MATX	C	0.16%
VIRT	B	0.16%
SKYW	B	0.16%
ALE	A	0.16%
DLB	B	0.16%
MSA	D	0.16%
ROAD	A	0.16%
ALKS	B	0.16%
SR	A	0.16%
POST	C	0.16%
LSTR	D	0.16%
PRIM	A	0.16%
HII	D	0.16%
ZWS	B	0.16%
PLXS	B	0.16%
KTB	B	0.16%
BCPC	B	0.16%
KRC	C	0.15%
SLGN	A	0.15%
CHH	A	0.15%
SON	D	0.15%
FULT	A	0.15%
BRKR	D	0.15%
HIMS	B	0.15%
KAI	A	0.15%
TENB	C	0.15%
BGC	C	0.15%
CRNX	C	0.15%
NWE	B	0.15%
CIVI	D	0.15%
PJT	A	0.15%
IESC	B	0.15%
TNL	A	0.15%
CVCO	A	0.15%
AGX	B	0.15%
EEFT	B	0.15%
AX	A	0.15%
WTS	B	0.15%
OLLI	D	0.15%
ACA	A	0.15%
PRGS	A	0.14%
HCC	B	0.14%
EXPO	D	0.14%
SLVM	B	0.14%
GTES	A	0.14%
ENVA	B	0.14%
AVA	A	0.14%
DEI	B	0.14%
WDFC	B	0.14%
FLO	D	0.14%
AGR	B	0.14%
PLMR	B	0.14%
APAM	B	0.14%
CXW	B	0.14%
MWA	B	0.14%
GNW	A	0.14%
POWL	C	0.14%
ATGE	B	0.14%
CPRX	C	0.14%
VCTR	B	0.14%
USLM	A	0.14%
VCEL	B	0.14%
IDT	B	0.14%
ESGR	B	0.14%
SNEX	B	0.14%
VVV	F	0.14%
DY	D	0.14%
MHO	D	0.14%
KRYS	B	0.14%
GPOR	B	0.14%
SEM	B	0.14%
MCY	A	0.13%
VSTO	A	0.13%
WKC	D	0.13%
NMIH	D	0.13%
BNL	D	0.13%
CASH	A	0.13%
FUL	F	0.13%
WEN	D	0.13%
WLK	D	0.13%
CBZ	B	0.13%
KFY	B	0.13%
OTTR	C	0.13%
TKR	D	0.13%
YELP	C	0.13%
FBP	B	0.13%
UE	C	0.13%
FELE	B	0.13%
PHIN	A	0.13%
ARCH	B	0.13%
BFH	B	0.13%
SUPN	C	0.13%
LMAT	A	0.13%
MMS	F	0.13%
NHI	D	0.13%
SKWD	A	0.13%
TPB	B	0.13%
ADTN	A	0.12%
MTX	B	0.12%
ATEN	B	0.12%
BRC	D	0.12%
SBH	C	0.12%
LBRT	D	0.12%
PLTK	B	0.12%
HUBG	A	0.12%
ASH	D	0.12%
CHCO	B	0.12%
ADUS	D	0.12%
LGND	B	0.12%
HMN	B	0.12%
EPAC	B	0.12%
QCRH	A	0.12%
PAG	B	0.12%
BCO	D	0.12%
COLM	B	0.12%
SHOO	D	0.12%
USM	B	0.12%
WSBC	A	0.12%
AMED	F	0.12%
OSIS	B	0.12%
RUSHA	C	0.12%
SXT	B	0.12%
LANC	C	0.12%
PATK	D	0.12%
UTL	B	0.11%
HCI	C	0.11%
MDU	D	0.11%
APOG	B	0.11%
PLUS	F	0.11%
MCRI	A	0.11%
AMKR	D	0.11%
SPNT	A	0.11%
LZB	B	0.11%
CPF	A	0.11%
SPOK	C	0.11%
SHO	C	0.11%
WABC	B	0.11%
CTBI	B	0.11%
VRRM	D	0.11%
GOLF	B	0.11%
STNG	F	0.11%
PFBC	B	0.11%
UNF	B	0.11%
BHE	B	0.11%
LTC	B	0.11%
UFPT	B	0.11%
CTS	C	0.11%
STRA	C	0.11%
EIG	B	0.11%
OFG	B	0.11%
AZZ	B	0.11%
EQC	B	0.11%
PAHC	C	0.11%
AMRX	C	0.11%
FORM	D	0.11%
AMPH	D	0.11%
BKE	B	0.11%
PRDO	B	0.11%
MCB	B	0.11%
HWKN	B	0.11%
IOSP	B	0.11%
MGRC	B	0.11%
ALRM	C	0.11%
SCSC	B	0.1%
TPC	C	0.1%
ICFI	F	0.1%
THFF	B	0.1%
UTI	A	0.1%
INFA	D	0.1%
PDM	D	0.1%
URBN	C	0.1%
SIRI	C	0.1%
SRCE	B	0.1%
UVE	B	0.1%
WINA	B	0.1%
HSTM	B	0.1%
MSBI	B	0.1%
REX	D	0.1%
IBCP	B	0.1%
INVA	D	0.1%
INSW	F	0.1%
CRAI	B	0.1%
GIII	D	0.1%
TWST	D	0.1%
CSV	B	0.1%
HCKT	B	0.1%
AAT	B	0.1%
PLAB	C	0.1%
USPH	B	0.1%
UVSP	B	0.1%
XHR	B	0.1%
SXC	A	0.1%
NHC	C	0.1%
AMAL	B	0.1%
PEBO	A	0.1%
SCHL	D	0.09%
FIZZ	C	0.09%
ANDE	D	0.09%
HSII	B	0.09%
KLG	C	0.09%
CFB	B	0.09%
AMCX	C	0.09%
DEA	D	0.09%
WSR	A	0.09%
CASS	B	0.09%
FF	D	0.09%
ASTH	D	0.09%
UPBD	B	0.09%
ROCK	C	0.09%
CWCO	C	0.09%
GNE	D	0.09%
REYN	D	0.09%
CUBI	C	0.09%
BBSI	B	0.09%
OLP	B	0.09%
STAA	F	0.08%
SCVL	F	0.08%
ALX	D	0.08%
VNDA	C	0.08%
LPG	F	0.08%
HE	C	0.08%
MLR	B	0.08%
SCS	C	0.08%
IMKTA	C	0.08%
HCSG	C	0.08%
TNC	D	0.08%
ZYXI	D	0.08%
PGRE	F	0.08%
COLL	F	0.08%
CECO	A	0.08%
ETD	C	0.08%
SSTK	F	0.08%
UTMD	F	0.08%
EGY	D	0.08%
SMP	B	0.08%
KURA	F	0.08%
CNXN	C	0.08%
ANIP	F	0.08%
ASC	F	0.07%
KRT	A	0.07%
BRY	F	0.07%
EBF	F	0.07%
NSSC	D	0.07%
JBSS	D	0.07%
RMR	F	0.07%
KFRC	D	0.07%
NPK	B	0.07%
TRNS	D	0.07%
VECO	F	0.07%
OSUR	F	0.07%
METC	C	0.07%
NVEC	C	0.07%
IMMR	C	0.06%
GIC	D	0.06%
PANL	F	0.06%
SIGA	F	0.06%
SLP	D	0.06%
KELYA	F	0.05%
MRVI	F	0.05%
CLW	F	0.04%
JBI	F	0.04%

FSMD Underweight 67 Positions Relative to AFMC

Symbol	Grade	Weight
GDDY	A	-1.2%
VST	B	-1.04%
WSM	B	-0.98%
CSL	C	-0.8%
GLPI	C	-0.72%
FICO	B	-0.67%
JBL	B	-0.67%
WPC	D	-0.65%
NTAP	C	-0.62%
BLDR	D	-0.59%
FFIV	B	-0.58%
PHM	D	-0.56%
CRS	A	-0.54%
DECK	A	-0.52%
SBRA	C	-0.51%
NVST	B	-0.47%
KMT	B	-0.47%
PK	B	-0.43%
GEF	A	-0.42%
NTCT	C	-0.42%
PVH	C	-0.39%
JAZZ	B	-0.38%
TEX	D	-0.37%
CDP	C	-0.37%
MAN	D	-0.37%
STLD	B	-0.36%
RS	B	-0.35%
MOH	F	-0.34%
HWC	B	-0.33%
COLB	A	-0.33%
EPR	D	-0.31%
SSB	B	-0.3%
GAP	C	-0.3%
BDC	B	-0.29%
JHG	A	-0.26%
ATKR	C	-0.25%
CNA	B	-0.25%
WCC	B	-0.25%
TDC	D	-0.24%
LPX	B	-0.24%
OLN	D	-0.24%
HST	C	-0.22%
LEA	D	-0.21%
HOMB	A	-0.2%
PRGO	B	-0.19%
JWN	C	-0.19%
NAVI	C	-0.19%
SM	B	-0.18%
SJM	D	-0.18%
NUS	D	-0.18%
CRI	D	-0.18%
APLE	B	-0.17%
ADNT	F	-0.17%
CLF	F	-0.17%
M	D	-0.15%
CAH	B	-0.13%
OPCH	D	-0.12%
HPP	F	-0.12%
ELF	C	-0.1%
BOX	B	-0.1%
GEN	B	-0.1%
APA	D	-0.08%
ITRI	B	-0.08%
OSCR	D	-0.07%
PDCO	D	-0.06%
ACLS	F	-0.04%
IART	C	-0.02%