FTQI vs. FFSM ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.77

Average Daily Volume

178,615

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$28.75

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	FFSM
30 Days	1.17%	5.05%
60 Days	2.84%	4.89%
90 Days	4.93%	5.78%
12 Months	17.52%	33.64%

23 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in FFSM	Overlap
ACGL	C	0.05%	1.45%	0.05%
ARGX	B	0.16%	0.41%	0.16%
CHDN	B	0.14%	0.54%	0.14%
CYTK	F	0.13%	0.18%	0.13%
DOX	D	0.17%	0.92%	0.17%
FCNCA	A	0.18%	0.63%	0.18%
HOLX	D	0.09%	0.56%	0.09%
ICLR	D	0.25%	0.1%	0.1%
IESC	C	0.31%	0.51%	0.31%
LITE	B	0.25%	0.44%	0.25%
MASI	B	0.16%	0.39%	0.16%
MDGL	B	0.17%	0.16%	0.16%
MEDP	D	0.27%	0.57%	0.27%
MRUS	F	0.13%	0.07%	0.07%
MTSI	B	0.23%	0.57%	0.23%
MUSA	B	0.16%	1.34%	0.16%
PCVX	D	0.16%	0.32%	0.16%
PNFP	B	0.27%	0.73%	0.27%
RGEN	D	0.02%	0.19%	0.02%
STX	C	0.38%	0.84%	0.38%
TMDX	F	0.01%	0.9%	0.01%
WFRD	D	0.31%	0.33%	0.31%
WIX	A	0.16%	0.5%	0.16%

FTQI Overweight 172 Positions Relative to FFSM

Symbol	Grade	Weight
AAPL	C	9.03%
MSFT	D	8.03%
NVDA	B	5.22%
AMZN	C	4.39%
META	D	4.15%
AVGO	D	4.07%
TSLA	B	3.05%
COST	A	2.64%
NFLX	A	2.4%
GOOG	C	1.87%
GOOGL	C	1.87%
TMUS	B	1.78%
CSCO	B	1.56%
TXN	C	1.54%
AMD	F	1.45%
PEP	F	1.45%
INTU	B	1.32%
EQIX	A	1.25%
ADBE	C	1.22%
LIN	C	1.19%
QCOM	F	1.11%
CME	B	0.96%
LLY	F	0.9%
NTAP	C	0.79%
ORCL	A	0.75%
CHKP	C	0.72%
SPGI	C	0.6%
CRM	B	0.58%
APH	A	0.58%
MGEE	B	0.58%
APP	B	0.52%
UFPI	C	0.51%
PTC	B	0.5%
LNT	A	0.49%
DUOL	A	0.48%
NOW	A	0.46%
CASY	A	0.43%
TYL	B	0.4%
WMT	A	0.39%
BGC	C	0.39%
ZBRA	B	0.37%
CG	B	0.37%
NDAQ	A	0.36%
A	D	0.34%
ANET	C	0.29%
PAGP	A	0.29%
BCPC	B	0.29%
TSCO	D	0.28%
SBAC	D	0.28%
SNY	F	0.28%
MORN	B	0.28%
EWBC	A	0.28%
OTTR	C	0.27%
AMT	C	0.27%
EVRG	A	0.26%
SOFI	B	0.26%
WWD	C	0.25%
AXON	A	0.25%
UMBF	B	0.24%
CYBR	A	0.24%
V	A	0.24%
UPST	B	0.24%
IDCC	B	0.24%
COIN	C	0.24%
STRL	A	0.24%
HOOD	B	0.23%
MSI	B	0.22%
ERIE	D	0.22%
RVMD	C	0.22%
PTEN	C	0.22%
EXPE	B	0.22%
NBIX	C	0.21%
COKE	C	0.2%
PODD	C	0.2%
NTRA	A	0.2%
MANH	D	0.2%
DJT	C	0.2%
MPWR	F	0.2%
FFIV	B	0.2%
SAIA	B	0.2%
INCY	C	0.19%
NTRS	A	0.19%
CL	D	0.19%
AAON	B	0.18%
HBAN	A	0.18%
REG	A	0.18%
NOVT	D	0.18%
ZION	B	0.18%
ICUI	D	0.18%
UTHR	C	0.18%
MKSI	C	0.18%
CHRW	B	0.18%
TRMB	B	0.18%
VRNS	D	0.18%
OLLI	D	0.18%
GH	B	0.17%
CINF	A	0.17%
SSNC	B	0.17%
ABBV	F	0.17%
EBAY	D	0.17%
OLED	F	0.17%
LECO	C	0.16%
ITRI	C	0.16%
JAZZ	B	0.16%
BNTX	C	0.16%
FITB	B	0.16%
WTW	B	0.16%
LSTR	D	0.15%
XOM	B	0.15%
CAT	B	0.15%
POOL	C	0.15%
AXP	A	0.15%
JBHT	C	0.15%
FRPT	A	0.14%
PH	A	0.14%
RMD	C	0.14%
BSY	F	0.14%
ETN	A	0.14%
PGR	A	0.14%
ENSG	C	0.14%
HALO	F	0.14%
ULTA	F	0.14%
MKTX	D	0.13%
TECH	F	0.13%
MIDD	C	0.13%
SFM	A	0.13%
WAT	C	0.13%
VEEV	C	0.13%
RGLD	C	0.13%
TTEK	F	0.13%
VMC	B	0.13%
GE	D	0.12%
VKTX	F	0.12%
ALNY	D	0.12%
LANC	C	0.12%
KRYS	C	0.12%
TWST	F	0.12%
ROIV	C	0.12%
LOW	C	0.12%
MTD	F	0.11%
UFPT	C	0.11%
WM	B	0.11%
SHOO	F	0.11%
TROW	B	0.1%
MMYT	B	0.09%
BL	B	0.09%
DOCU	B	0.09%
LOGI	D	0.09%
TRMD	F	0.09%
CRVL	B	0.09%
CVLT	B	0.08%
CSWI	B	0.07%
BMRN	F	0.06%
ASND	F	0.05%
NWSA	A	0.05%
TW	A	0.05%
GEV	B	0.05%
CVCO	A	0.04%
APA	D	0.03%
QRVO	F	0.03%
OKTA	C	0.02%
REYN	D	0.01%
RXST	F	0.01%
ACHC	F	0.01%
LEGN	D	0.01%
ACLS	F	0.01%
APLS	F	0.01%
LNTH	D	0.01%
XRAY	F	0.01%
SRPT	F	0.01%
EXAS	D	0.01%
RPRX	D	0.01%

FTQI Underweight 148 Positions Relative to FFSM

Symbol	Grade	Weight
EME	A	-1.81%
UHS	D	-1.5%
FTI	A	-1.47%
TPX	B	-1.46%
EXP	B	-1.44%
NSIT	F	-1.33%
AR	B	-1.27%
BJ	A	-1.22%
FN	C	-1.22%
ITT	A	-1.2%
CROX	D	-1.17%
PFGC	B	-1.16%
USFD	A	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
JLL	D	-1.1%
MOH	F	-1.1%
CACI	D	-1.06%
WHD	B	-1.01%
CR	A	-1.01%
RRX	B	-1.01%
ORI	A	-0.96%
SNX	D	-0.95%
AIZ	A	-0.91%
BOOT	C	-0.9%
LNG	A	-0.9%
DFS	B	-0.89%
AIT	B	-0.88%
SNV	C	-0.88%
DKS	D	-0.84%
AYI	B	-0.81%
TGLS	B	-0.81%
FAF	A	-0.77%
ALSN	B	-0.76%
BC	C	-0.76%
VTR	B	-0.76%
RGA	A	-0.76%
NXST	C	-0.75%
SF	B	-0.75%
PCG	A	-0.72%
HLI	A	-0.71%
GPK	C	-0.71%
AEIS	C	-0.66%
ACM	B	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
KBH	D	-0.64%
ON	D	-0.62%
BECN	B	-0.61%
MMS	F	-0.6%
CMC	B	-0.6%
FSS	B	-0.6%
LBRT	D	-0.59%
G	B	-0.59%
VNT	C	-0.59%
CBT	D	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	B	-0.57%
PRI	B	-0.56%
EPRT	B	-0.56%
XPO	B	-0.56%
BCO	F	-0.56%
ESI	B	-0.54%
CIEN	C	-0.53%
ASO	F	-0.53%
WTFC	A	-0.52%
CRL	D	-0.52%
CWK	C	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
GMS	B	-0.51%
AFG	A	-0.49%
EBC	B	-0.49%
CTRE	C	-0.49%
EAT	A	-0.47%
CNM	D	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
BLDR	D	-0.46%
TENB	C	-0.45%
OLN	F	-0.45%
PRCT	B	-0.44%
NOMD	D	-0.42%
AXTA	B	-0.42%
TEX	F	-0.42%
COMP	B	-0.4%
LW	C	-0.4%
IP	A	-0.37%
CXT	C	-0.36%
CAH	B	-0.36%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	A	-0.34%
GTES	A	-0.33%
FLEX	B	-0.31%
AZEK	A	-0.3%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	F	-0.3%
GRBK	D	-0.3%
CNXC	F	-0.29%
IBTX	B	-0.29%
FBP	C	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
AMN	F	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	C	-0.2%
CRNX	C	-0.19%
ACLX	C	-0.19%
KFRC	D	-0.18%
NUVL	C	-0.16%
AAP	D	-0.15%
XPRO	D	-0.14%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	C	-0.08%
PBH	A	-0.06%
ARVN	F	-0.04%
ATKR	D	-0.01%
FIBK	B	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%