JAVA vs. FBUF ETF Comparison

Comparison of JPMorgan Active Value ETF (JAVA) to Fidelity Dynamic Buffered Equity ETF (FBUF)

JAVA

JPMorgan Active Value ETF

JAVA Description

JPMorgan Active Value ETF is a transparent and actively managed fund that falls within the J.P. Morgan Global Equities platform. The fund invests primarily in large-cap equities using a bottom-up approach to select stocks that have an attractive value base and the potential for capital appreciation.

Grade (RS Rating)

Last Trade

$68.51

Average Daily Volume

349,002

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,170

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	JAVA	FBUF
30 Days	6.53%	3.04%
60 Days	7.74%	4.57%
90 Days	9.55%	6.09%
12 Months	31.85%

51 Overlapping Holdings

Symbol	Grade	Weight in JAVA	Weight in FBUF	Overlap
ABBV	D	1.55%	0.91%	0.91%
ADBE	C	0.14%	0.94%	0.14%
AMZN	C	0.6%	3.84%	0.6%
AXP	A	0.68%	0.43%	0.43%
BAC	A	2.53%	1.18%	1.18%
BDX	F	0.3%	0.58%	0.3%
BIIB	F	0.26%	0.21%	0.21%
BMY	B	1.65%	0.74%	0.74%
BRK.A	B	1.95%	2.2%	1.95%
C	A	0.78%	0.72%	0.72%
CAH	B	0.71%	0.31%	0.31%
CI	D	0.59%	0.63%	0.59%
CMCSA	C	0.62%	0.84%	0.62%
CRM	B	0.58%	1.16%	0.58%
CSX	B	1.45%	0.49%	0.49%
CVS	D	0.72%	0.23%	0.23%
CVX	B	1.61%	0.02%	0.02%
DIS	B	0.79%	0.65%	0.65%
EOG	C	0.69%	0.48%	0.48%
GOOG	C	0.61%	1.89%	0.61%
HD	A	0.7%	1.32%	0.7%
JNJ	D	0.6%	0.73%	0.6%
LLY	F	0.21%	0.76%	0.21%
LPLA	B	0.17%	0.11%	0.11%
META	D	0.35%	2.89%	0.35%
MMC	A	0.28%	0.53%	0.28%
MRK	F	0.24%	0.96%	0.24%
MSFT	D	0.66%	5.66%	0.66%
MU	D	1.09%	0.5%	0.5%
NEE	D	0.82%	0.82%	0.82%
NOC	D	0.31%	0.6%	0.31%
ORCL	C	0.15%	0.04%	0.04%
PEP	F	0.33%	0.19%	0.19%
PFE	D	0.08%	0.41%	0.08%
PG	A	0.58%	0.8%	0.58%
PM	B	1.79%	0.94%	0.94%
RSG	A	0.26%	0.23%	0.23%
RTX	D	0.59%	0.28%	0.28%
SCHW	A	0.99%	0.79%	0.79%
SQ	B	1.22%	0.6%	0.6%
TJX	A	0.69%	0.72%	0.69%
TMO	F	0.46%	0.38%	0.38%
TMUS	A	0.21%	0.28%	0.21%
TT	B	0.27%	0.68%	0.27%
TXT	D	0.38%	0.5%	0.38%
UBER	D	0.14%	0.24%	0.14%
UNH	B	2.32%	0.57%	0.57%
UNP	C	0.48%	0.75%	0.48%
WFC	A	3.01%	0.28%	0.28%
WMT	B	1.14%	0.82%	0.82%
XOM	C	1.86%	1.56%	1.56%

JAVA Overweight 118 Positions Relative to FBUF

Symbol	Grade	Weight
CARR	C	1.67%
FCNCA	B	1.35%
FI	A	1.35%
MCD	D	1.28%
WDC	C	1.27%
COP	D	1.08%
PFGC	A	0.98%
APD	A	0.97%
MS	B	0.95%
HPE	B	0.9%
CTSH	B	0.82%
LOW	C	0.82%
ETN	A	0.8%
ADI	D	0.78%
MET	A	0.78%
CPAY	A	0.76%
GS	B	0.76%
TXN	D	0.75%
DOV	A	0.74%
DLR	A	0.74%
REGN	F	0.72%
VZ	B	0.71%
UPS	C	0.68%
FITB	B	0.67%
MCK	C	0.67%
GD	F	0.67%
EQIX	A	0.66%
AXTA	A	0.65%
VMC	B	0.63%
TFC	B	0.61%
MTB	B	0.6%
CCL	B	0.6%
BX	B	0.59%
PEG	A	0.55%
PNC	A	0.55%
BLK	C	0.54%
VRTX	D	0.53%
CB	D	0.53%
MHK	D	0.52%
EMR	A	0.51%
FDX	B	0.51%
PH	A	0.51%
NXPI	D	0.5%
RRX	A	0.48%
COF	B	0.47%
BSX	C	0.47%
BJ	B	0.46%
AZO	C	0.45%
CMS	C	0.45%
DE	B	0.44%
ARES	B	0.44%
LUV	B	0.43%
EQT	B	0.42%
LYV	A	0.4%
HIG	B	0.39%
HUM	C	0.39%
AFRM	B	0.38%
PINS	F	0.38%
FCX	F	0.38%
HON	B	0.38%
STX	D	0.37%
OC	B	0.36%
MDT	D	0.36%
ROST	C	0.36%
MDLZ	F	0.35%
LH	B	0.35%
ORLY	B	0.34%
BKNG	B	0.34%
XEL	A	0.33%
VTR	D	0.32%
GPK	C	0.32%
SLGN	A	0.31%
AES	F	0.31%
DAL	B	0.31%
D	C	0.3%
AA	A	0.3%
DELL	C	0.3%
AMD	F	0.3%
NI	A	0.28%
OSCR	F	0.28%
DFS	B	0.28%
WCC	B	0.28%
G	B	0.27%
IBM	C	0.27%
IP	B	0.26%
AAL	B	0.26%
HES	C	0.26%
MCHP	F	0.26%
CC	C	0.25%
RJF	A	0.24%
SBAC	D	0.23%
Z	B	0.23%
ELAN	F	0.23%
ELS	C	0.23%
LW	C	0.22%
BA	D	0.22%
GNTX	C	0.22%
SNX	C	0.21%
NVT	B	0.21%
GLW	B	0.21%
BMRN	F	0.21%
HST	C	0.2%
GEV	C	0.2%
KTB	A	0.2%
MIDD	B	0.2%
UHS	D	0.2%
ETR	B	0.19%
FSLR	F	0.19%
BALL	D	0.17%
AVB	B	0.16%
JEF	A	0.16%
INTC	C	0.15%
SEE	C	0.14%
PLD	D	0.13%
BC	C	0.1%
OUT	A	0.09%
SPR	D	0.03%
MTG	B	0.0%

JAVA Underweight 104 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	C	-7.37%
AAPL	B	-7.34%
GOOGL	C	-2.04%
JPM	B	-1.93%
AVGO	D	-1.62%
MA	B	-1.36%
NFLX	B	-1.28%
TSLA	B	-1.27%
QCOM	F	-0.85%
CSCO	A	-0.8%
GILD	B	-0.74%
PYPL	A	-0.72%
T	A	-0.71%
LMT	D	-0.71%
PGR	A	-0.67%
AMAT	F	-0.67%
V	A	-0.65%
CTAS	B	-0.65%
ECL	D	-0.63%
ABT	B	-0.63%
KLAC	F	-0.61%
CL	D	-0.55%
SEIC	A	-0.54%
ZM	B	-0.53%
CAT	B	-0.53%
DBX	C	-0.52%
ZBRA	A	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
NOW	B	-0.5%
GE	D	-0.48%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
SPG	C	-0.44%
GRMN	A	-0.44%
MSI	C	-0.43%
EXEL	A	-0.43%
WM	A	-0.41%
HWM	B	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	D	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	D	-0.34%
INCY	C	-0.34%
F	C	-0.33%
LDOS	D	-0.31%
SKYW	B	-0.31%
COST	B	-0.3%
MEDP	F	-0.28%
TROW	A	-0.28%
TRV	B	-0.26%
ADP	B	-0.26%
MSCI	C	-0.26%
AMGN	D	-0.25%
SYK	C	-0.24%
LRCX	F	-0.24%
MGM	F	-0.23%
AMT	D	-0.21%
LHX	C	-0.21%
SPGI	C	-0.21%
GAP	C	-0.21%
FTNT	C	-0.2%
MMM	D	-0.19%
TPH	C	-0.18%
SSNC	A	-0.18%
CACI	D	-0.17%
PSA	C	-0.17%
LNW	D	-0.16%
BBWI	C	-0.16%
OXY	F	-0.15%
IDXX	F	-0.15%
VST	B	-0.14%
CLX	C	-0.14%
ITW	A	-0.14%
GL	C	-0.13%
GEN	A	-0.13%
KR	A	-0.12%
BK	A	-0.12%
INTU	C	-0.12%
AON	A	-0.12%
NSC	A	-0.11%
DASH	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
AME	A	-0.09%
TWLO	B	-0.09%
NRG	C	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
CRUS	F	-0.07%
QRVO	F	-0.06%
NBIX	C	-0.06%
ANET	C	-0.06%
VEEV	B	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	A	-0.02%
PEGA	A	-0.02%