FTEC vs. REW ETF Comparison

Comparison of Fidelity MSCI Information Technology Index ETF (FTEC) to ProShares UltraShort Technology (REW)

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

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

Grade (RS Rating)

Last Trade

$184.90

Average Daily Volume

212,411

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW 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. TechnologySM 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 technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.26

Average Daily Volume

16,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTEC	REW
30 Days	4.14%	-4.57%
60 Days	7.90%	-9.33%
90 Days	7.31%	-8.88%
12 Months	36.13%	-39.43%

68 Overlapping Holdings

Symbol	Grade	Weight in FTEC	Weight in REW	Overlap
AAPL	C	15.03%	18.06%	15.03%
ADBE	C	1.51%	2.51%	1.51%
ADI	D	0.67%	0.65%	0.65%
ADSK	A	0.46%	0.63%	0.46%
AKAM	D	0.13%	0.23%	0.13%
AMAT	F	0.98%	0.86%	0.86%
AMD	F	1.39%	0.84%	0.84%
ANET	C	0.66%	0.18%	0.18%
ANSS	B	0.24%	0.34%	0.24%
AVGO	D	4.31%	1.82%	1.82%
CDNS	B	0.55%	0.31%	0.31%
CDW	F	0.19%	0.29%	0.19%
CIEN	B	0.13%	0.1%	0.1%
CRM	B	2.04%	2.4%	2.04%
CSCO	B	1.47%	3.09%	1.47%
CTSH	B	0.3%	0.51%	0.3%
DELL	C	0.29%	0.12%	0.12%
DOCU	A	0.18%	0.13%	0.13%
DXC	B	0.09%	0.14%	0.09%
ENTG	D	0.14%	0.11%	0.11%
EPAM	C	0.16%	0.19%	0.16%
FFIV	B	0.16%	0.12%	0.12%
FICO	B	0.41%	0.17%	0.17%
FTNT	C	0.43%	0.25%	0.25%
GDDY	A	0.22%	0.19%	0.19%
GWRE	A	0.17%	0.14%	0.14%
HPE	B	0.23%	0.29%	0.23%
HPQ	B	0.27%	0.48%	0.27%
HUBS	A	0.28%	0.11%	0.11%
IBM	C	1.18%	1.82%	1.18%
INTC	D	0.69%	3.85%	0.69%
INTU	C	1.23%	1.09%	1.09%
IT	C	0.31%	0.21%	0.21%
JNPR	F	0.13%	0.12%	0.12%
KLAC	D	0.57%	0.42%	0.42%
LITE	B	0.12%	0.09%	0.09%
LRCX	F	0.64%	0.66%	0.64%
MCHP	D	0.25%	0.39%	0.25%
MKSI	C	0.1%	0.09%	0.09%
MPWR	F	0.2%	0.11%	0.11%
MRVL	B	0.54%	0.28%	0.28%
MSFT	F	13.23%	17.29%	13.23%
MSI	B	0.55%	0.45%	0.45%
MU	D	0.7%	0.95%	0.7%
NOW	A	1.33%	0.87%	0.87%
NTAP	C	0.19%	0.21%	0.19%
NVDA	C	16.06%	2.26%	2.26%
OKTA	C	0.12%	0.21%	0.12%
OLED	D	0.1%	0.13%	0.1%
ON	D	0.22%	0.15%	0.15%
ORCL	B	1.9%	1.77%	1.77%
PANW	C	0.81%	0.35%	0.35%
PTC	A	0.2%	0.12%	0.12%
QCOM	F	1.14%	1.63%	1.14%
QRVO	F	0.07%	0.2%	0.07%
RNG	B	0.06%	0.21%	0.06%
SNPS	B	0.55%	0.34%	0.34%
SNX	C	0.11%	0.09%	0.09%
STX	D	0.17%	0.21%	0.17%
SWKS	F	0.13%	0.31%	0.13%
TER	D	0.14%	0.17%	0.14%
TWLO	A	0.19%	0.22%	0.19%
TXN	C	1.16%	1.83%	1.16%
TYL	B	0.22%	0.18%	0.18%
VRSN	F	0.16%	0.33%	0.16%
WDAY	B	0.41%	0.44%	0.41%
WDC	D	0.18%	0.3%	0.18%
XRX	F	0.02%	0.1%	0.02%

FTEC Overweight 207 Positions Relative to REW

Symbol	Grade	Weight
ACN	C	1.42%
PLTR	B	0.81%
APH	A	0.57%
APP	B	0.55%
CRWD	B	0.54%
MSTR	C	0.45%
ROP	B	0.41%
NXPI	D	0.39%
TEAM	A	0.33%
SNOW	C	0.29%
GLW	B	0.29%
DDOG	A	0.28%
NET	B	0.23%
KEYS	A	0.22%
TDY	B	0.2%
ZM	B	0.2%
ZBRA	B	0.19%
MDB	C	0.19%
TRMB	B	0.18%
NTNX	A	0.18%
MANH	D	0.17%
FSLR	F	0.17%
GEN	B	0.17%
ZS	C	0.17%
JBL	B	0.16%
FLEX	A	0.16%
COHR	B	0.16%
BILL	A	0.15%
DT	C	0.15%
IOT	A	0.14%
PSTG	D	0.14%
QTWO	A	0.12%
PCOR	B	0.12%
GTLB	B	0.12%
CFLT	B	0.12%
IDCC	A	0.11%
ALTR	B	0.11%
FN	D	0.11%
DBX	B	0.11%
SMAR	A	0.11%
KD	B	0.11%
MARA	C	0.11%
S	B	0.11%
CVLT	B	0.11%
CRDO	B	0.11%
MTSI	B	0.11%
PATH	C	0.1%
U	C	0.1%
AUR	C	0.1%
WK	B	0.1%
BDC	B	0.1%
PLXS	B	0.1%
RMBS	C	0.1%
CGNX	C	0.1%
BSY	D	0.1%
BOX	B	0.1%
BMI	B	0.1%
VNT	B	0.1%
LSCC	D	0.1%
ACIW	B	0.1%
ITRI	B	0.1%
CWAN	B	0.1%
QLYS	C	0.1%
DLB	B	0.09%
AVT	C	0.09%
SITM	B	0.09%
AEIS	B	0.09%
PEGA	A	0.09%
TENB	C	0.09%
HCP	B	0.09%
ARW	D	0.09%
VRNS	D	0.09%
APPF	B	0.09%
LFUS	F	0.09%
SANM	B	0.09%
NOVT	D	0.09%
ONTO	D	0.09%
PI	D	0.09%
ESTC	C	0.09%
SPSC	C	0.09%
CLSK	C	0.08%
SLAB	D	0.08%
POWI	D	0.08%
RIOT	C	0.08%
BLKB	B	0.08%
NCNO	B	0.08%
ENPH	F	0.08%
ASGN	F	0.08%
FORM	D	0.07%
ALRM	C	0.07%
TDC	D	0.07%
FRSH	C	0.07%
PRGS	A	0.07%
FIVN	C	0.07%
AI	B	0.07%
FROG	C	0.07%
INTA	A	0.07%
DV	C	0.07%
MIR	A	0.07%
NSIT	F	0.07%
SYNA	C	0.07%
AGYS	A	0.07%
SMTC	B	0.07%
SMCI	F	0.07%
BL	B	0.07%
CRUS	D	0.07%
ALGM	D	0.06%
ACLS	F	0.06%
TTMI	B	0.06%
OSIS	B	0.06%
PAR	B	0.06%
KLIC	B	0.06%
DIOD	D	0.06%
RPD	C	0.06%
CXT	B	0.06%
VERX	B	0.06%
AMKR	D	0.06%
ZETA	D	0.06%
VYX	B	0.05%
EXTR	B	0.05%
BRZE	C	0.05%
ALKT	B	0.05%
PLUS	F	0.05%
IPGP	D	0.05%
YOU	D	0.05%
DOCN	D	0.05%
VIAV	B	0.05%
AMBA	B	0.05%
RBRK	A	0.05%
VRNT	C	0.04%
VECO	F	0.04%
UCTT	D	0.04%
PLAB	C	0.04%
CTS	C	0.04%
NTCT	C	0.04%
INFA	D	0.04%
KN	B	0.04%
WULF	C	0.04%
ROG	D	0.04%
BHE	B	0.04%
PD	C	0.04%
CALX	D	0.04%
VSH	D	0.04%
SOUN	C	0.04%
RAMP	C	0.04%
ICHR	C	0.03%
ARLO	C	0.03%
SCSC	B	0.03%
ENV	B	0.03%
MXL	C	0.03%
DGII	B	0.03%
APPN	B	0.03%
COHU	C	0.03%
ASAN	C	0.03%
ATEN	B	0.03%
CIFR	B	0.03%
ZUO	B	0.03%
NSSC	D	0.03%
HLIT	D	0.03%
INFN	C	0.03%
SPT	C	0.03%
CEVA	B	0.02%
OLO	B	0.02%
SWI	B	0.02%
NTGR	B	0.02%
AOSL	C	0.02%
SEDG	F	0.02%
DJCO	B	0.02%
INDI	C	0.02%
IBUY	A	0.02%
HCKT	B	0.02%
BASE	C	0.02%
NABL	F	0.02%
BELFB	C	0.02%
BLND	B	0.02%
YEXT	A	0.02%
ACMR	F	0.02%
CXM	C	0.02%
APLD	A	0.02%
CNXN	C	0.02%
PRO	C	0.02%
WOLF	F	0.02%
FSLY	D	0.02%
PDFS	C	0.02%
JAMF	F	0.02%
GDYN	B	0.02%
AAOI	B	0.02%
VPG	D	0.01%
CRSR	C	0.01%
MEI	D	0.01%
CLFD	D	0.01%
LWLG	F	0.01%
RBBN	C	0.01%
SEMR	B	0.01%
ENFN	A	0.01%
BIGC	C	0.01%
MITK	C	0.01%
ETWO	F	0.01%
WEAV	B	0.01%
DMRC	C	0.01%
LASR	D	0.01%
KE	C	0.01%
MLNK	B	0.01%
NNBR	C	0.01%
DAKT	B	0.01%
VSAT	F	0.01%
OSPN	A	0.01%

FTEC Underweight 20 Positions Relative to REW

Symbol	Grade	Weight
GOOGL	C	-5.25%
GOOG	C	-5.24%
META	D	-4.46%
EBAY	D	-0.41%
IAC	D	-0.3%
VEEV	C	-0.29%
PAYC	B	-0.22%
SNAP	C	-0.22%
SSNC	B	-0.21%
GRMN	B	-0.21%
LDOS	C	-0.2%
LUMN	C	-0.2%
BAH	F	-0.17%
TTD	B	-0.17%
DOX	D	-0.15%
AZPN	A	-0.14%
DAY	B	-0.11%
CACI	D	-0.1%
Z	A	-0.09%
ETSY	D	-0.09%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information