IBBQ vs. FFSM ETF Comparison

Comparison of Invesco Nasdaq Biotechnology ETF (IBBQ) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.29

Average Daily Volume

17,582

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	IBBQ	FFSM
30 Days	-6.27%	5.05%
60 Days	-8.87%	4.89%
90 Days	-8.76%	5.78%
12 Months	17.68%	33.64%

21 Overlapping Holdings

Symbol	Grade	Weight in IBBQ	Weight in FFSM	Overlap
ACLX	C	0.51%	0.19%	0.19%
ALXO	F	0.01%	0.0%	0.0%
ANAB	F	0.06%	0.11%	0.06%
ARGX	B	1.96%	0.41%	0.41%
ARVN	F	0.17%	0.04%	0.04%
AUTL	F	0.07%	0.08%	0.07%
AXSM	B	0.48%	0.11%	0.11%
COGT	D	0.1%	0.11%	0.1%
CRNX	C	0.47%	0.19%	0.19%
CYTK	F	0.64%	0.18%	0.18%
ELVN	D	0.12%	0.12%	0.12%
EWTX	C	0.32%	0.0%	0.0%
KROS	D	0.23%	0.13%	0.13%
MDGL	B	0.67%	0.16%	0.16%
MEDP	D	1.04%	0.57%	0.57%
MRUS	F	0.34%	0.07%	0.07%
NUVL	C	0.56%	0.16%	0.16%
PCVX	D	1.04%	0.32%	0.32%
VCEL	B	0.28%	0.12%	0.12%
XENE	D	0.33%	0.09%	0.09%
ZNTL	F	0.03%	0.0%	0.0%

IBBQ Overweight 174 Positions Relative to FFSM

Symbol	Grade	Weight
GILD	C	9.95%
VRTX	D	8.34%
AMGN	F	7.56%
REGN	F	5.67%
AZN	F	3.97%
ALNY	D	3.26%
BIIB	F	2.52%
ILMN	C	2.32%
UTHR	C	1.75%
VTRS	A	1.65%
INCY	C	1.58%
MRNA	F	1.53%
SNY	F	1.51%
SMMT	D	1.43%
BMRN	F	1.3%
NBIX	C	1.28%
RPRX	D	1.24%
INSM	C	1.23%
SRPT	F	1.08%
EXEL	B	1.06%
BNTX	C	1.05%
RVMD	C	0.99%
ITCI	C	0.95%
BGNE	D	0.91%
ROIV	C	0.89%
JAZZ	B	0.81%
ASND	F	0.79%
HALO	F	0.62%
BPMC	B	0.61%
IONS	F	0.54%
KRYS	C	0.53%
RNA	C	0.53%
ALKS	C	0.5%
ADMA	B	0.48%
BBIO	F	0.48%
RARE	F	0.44%
CRSP	D	0.43%
IMVT	F	0.42%
GH	B	0.39%
DNLI	D	0.39%
RYTM	C	0.37%
LEGN	D	0.34%
APLS	F	0.34%
AGIO	C	0.33%
PTCT	B	0.32%
DYN	F	0.31%
FOLD	F	0.31%
VCYT	B	0.3%
ACAD	C	0.3%
KYMR	D	0.29%
SWTX	C	0.29%
VRNA	B	0.28%
IOVA	F	0.27%
JANX	C	0.27%
VERA	C	0.27%
PTGX	D	0.26%
ARWR	D	0.25%
GERN	D	0.24%
IDYA	F	0.24%
MIRM	B	0.23%
SRRK	C	0.23%
TWST	F	0.23%
AMPH	F	0.23%
LGND	C	0.22%
AKRO	B	0.21%
SUPN	C	0.21%
BEAM	D	0.21%
MNKD	C	0.2%
HRMY	D	0.2%
FTRE	D	0.19%
NVCR	C	0.19%
IRON	B	0.19%
RXRX	F	0.18%
TARS	C	0.18%
WVE	C	0.18%
DVAX	C	0.17%
BCRX	D	0.16%
NRIX	C	0.16%
ZLAB	C	0.15%
TVTX	C	0.15%
SPRY	C	0.15%
HROW	D	0.15%
MYGN	F	0.15%
NTLA	F	0.15%
OCUL	D	0.15%
XNCR	B	0.15%
RCKT	F	0.14%
DAWN	D	0.14%
SNDX	F	0.14%
AUPH	B	0.13%
ARDX	F	0.13%
NVAX	F	0.13%
INVA	D	0.13%
ANIP	F	0.13%
IMCR	D	0.13%
KURA	F	0.13%
ARQT	B	0.12%
VIR	D	0.12%
CNTA	B	0.12%
GRFS	C	0.12%
COLL	F	0.1%
CGEM	F	0.09%
BCYC	F	0.09%
ETNB	C	0.09%
GMAB	F	0.09%
REPL	D	0.08%
ADPT	C	0.08%
PLRX	D	0.08%
ERAS	C	0.08%
PRTA	F	0.08%
EOLS	D	0.08%
PCRX	C	0.08%
ABCL	D	0.08%
CSTL	D	0.08%
MRVI	F	0.07%
AVXL	B	0.07%
IRWD	F	0.07%
RLAY	F	0.07%
ABUS	D	0.07%
HCM	D	0.06%
OLMA	F	0.06%
SANA	F	0.06%
GLPG	F	0.06%
CVAC	F	0.06%
MLYS	F	0.06%
HUMA	F	0.06%
PHAT	F	0.06%
ORIC	F	0.06%
TSHA	C	0.05%
SIGA	F	0.05%
ARCT	F	0.05%
XERS	C	0.05%
PACB	F	0.05%
TERN	F	0.05%
RVNC	F	0.05%
FDMT	F	0.05%
OABI	F	0.05%
TBPH	B	0.05%
URGN	F	0.05%
ALLO	F	0.05%
RGNX	D	0.05%
SVRA	F	0.05%
EYPT	D	0.05%
YMAB	F	0.05%
PAHC	C	0.05%
MGTX	C	0.05%
THRD	F	0.05%
LXRX	F	0.04%
ALEC	F	0.04%
PRME	F	0.04%
VERV	F	0.04%
KALV	F	0.04%
PGEN	F	0.03%
BMEA	F	0.03%
ATAI	C	0.03%
LYEL	F	0.03%
VNDA	C	0.03%
ITOS	F	0.03%
QURE	C	0.03%
VYGR	F	0.03%
SAGE	F	0.03%
ACIU	D	0.03%
ACRS	B	0.02%
CABA	F	0.02%
CRBU	D	0.02%
FULC	F	0.02%
AMRN	F	0.02%
EDIT	F	0.02%
MGNX	F	0.02%
BLUE	F	0.01%
OVID	F	0.01%
CHRS	D	0.01%
VTYX	F	0.01%
RAPT	F	0.0%

IBBQ Underweight 150 Positions Relative to FFSM

Symbol	Grade	Weight
EME	A	-1.81%
UHS	D	-1.5%
FTI	A	-1.47%
TPX	B	-1.46%
ACGL	C	-1.45%
EXP	B	-1.44%
MUSA	B	-1.34%
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%
DOX	D	-0.92%
AIZ	A	-0.91%
BOOT	C	-0.9%
TMDX	F	-0.9%
LNG	A	-0.9%
DFS	B	-0.89%
AIT	B	-0.88%
SNV	C	-0.88%
DKS	D	-0.84%
STX	C	-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%
PNFP	B	-0.73%
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%
FCNCA	A	-0.63%
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%
MTSI	B	-0.57%
PRI	B	-0.56%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	F	-0.56%
CHDN	B	-0.54%
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%
IESC	C	-0.51%
GMS	B	-0.51%
WIX	A	-0.5%
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%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	B	-0.42%
TEX	F	-0.42%
COMP	B	-0.4%
LW	C	-0.4%
MASI	B	-0.39%
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%
WFRD	D	-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%
RGEN	D	-0.19%
KFRC	D	-0.18%
AAP	D	-0.15%
XPRO	D	-0.14%
MNDY	C	-0.14%
VRDN	D	-0.12%
OMI	F	-0.12%
CSTM	F	-0.11%
TYRA	F	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
TCBK	C	-0.08%
PBH	A	-0.06%
ATKR	D	-0.01%
FIBK	B	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%