FUTY vs. SDP ETF Comparison

Comparison of Fidelity MSCI Utilities Index ETF (FUTY) to ProShares UltraShort Utilities (SDP)

FUTY

Fidelity MSCI Utilities Index ETF

FUTY Description

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

Grade (RS Rating)

Last Trade

$43.04

Average Daily Volume

266,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SDP

ProShares UltraShort Utilities

SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.16

Average Daily Volume

6,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FUTY	SDP
30 Days	3.86%	-7.73%
60 Days	8.84%	-14.70%
90 Days	10.47%	-17.13%
12 Months	-1.34%	6.62%

44 Overlapping Holdings

Symbol	Grade	Weight in FUTY	Weight in SDP	Overlap
AEE	B	1.77%	1.92%	1.77%
AEP	B	4.04%	4.77%	4.04%
AES	A	1.01%	1.33%	1.01%
ALE	A	0.31%	0.42%	0.31%
ATO	A	1.61%	1.34%	1.34%
AVA	A	0.25%	0.32%	0.25%
AWK	C	2.12%	2.31%	2.12%
BKH	A	0.33%	0.49%	0.33%
CMS	A	1.59%	1.82%	1.59%
CNP	A	1.64%	1.33%	1.33%
D	A	3.78%	6.77%	3.78%
DTE	A	2.04%	2.52%	2.04%
DUK	A	6.87%	6.69%	6.69%
ED	A	2.92%	2.94%	2.92%
EIX	A	2.43%	2.7%	2.43%
ES	A	1.92%	2.81%	1.92%
ETR	A	2.04%	2.46%	2.04%
EVRG	A	1.09%	1.5%	1.09%
EXC	A	3.4%	4.51%	3.4%
FE	B	1.91%	2.6%	1.91%
HE	F	0.1%	0.51%	0.1%
IDA	A	0.43%	0.54%	0.43%
LNT	A	1.16%	1.35%	1.16%
NEE	A	12.21%	12.13%	12.13%
NFG	A	0.42%	0.38%	0.38%
NI	A	1.14%	1.06%	1.06%
NJR	A	0.38%	0.41%	0.38%
NRG	A	1.48%	0.95%	0.95%
NWE	A	0.28%	0.37%	0.28%
OGS	B	0.32%	0.49%	0.32%
PEG	A	3.02%	2.93%	2.93%
PNM	D	0.27%	0.4%	0.27%
PNW	A	0.77%	1.03%	0.77%
POR	A	0.39%	0.51%	0.39%
PPL	A	1.82%	2.56%	1.82%
SO	A	7.16%	6.91%	6.91%
SR	A	0.29%	0.42%	0.29%
SRE	B	4.01%	4.34%	4.01%
SWX	A	0.39%	0.41%	0.39%
UGI	A	0.46%	0.91%	0.46%
VST	A	2.08%	1.01%	1.01%
WEC	A	2.36%	2.98%	2.36%
WTRG	B	0.85%	1.07%	0.85%
XEL	B	2.76%	3.36%	2.76%

FUTY Overweight 23 Positions Relative to SDP

Symbol	Grade	Weight
CEG	B	5.46%
PCG	A	3.12%
OGE	A	0.62%
ORA	C	0.32%
OTTR	B	0.29%
MGEE	A	0.25%
CWT	C	0.24%
AWR	D	0.23%
NEP	D	0.23%
CPK	B	0.21%
CWEN	A	0.17%
SJW	D	0.15%
NWN	A	0.12%
MSEX	D	0.08%
UTL	B	0.07%
CWEN	A	0.06%
YORW	C	0.05%
NOVA	F	0.04%
GNE	D	0.03%
SGU	C	0.03%
ARTNA	F	0.03%
MNTK	F	0.02%
AMPS	F	0.02%

FUTY Underweight 2 Positions Relative to SDP

	Symbol	Grade	Weight
	MDU	A	-0.58%
	AGR	A	-0.28%