JUST vs. FBUF ETF Comparison

Comparison of Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) to Fidelity Dynamic Buffered Equity ETF (FBUF)

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

16,662

Number of Holdings ^*

456

* 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

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	JUST	FBUF
30 Days	2.45%	3.10%
60 Days	4.36%	4.70%
90 Days	5.67%	6.08%
12 Months	31.80%

107 Overlapping Holdings

Symbol	Grade	Weight in JUST	Weight in FBUF	Overlap
AAPL	C	7.25%	7.34%	7.25%
ABBV	D	0.67%	0.91%	0.67%
ABT	B	0.45%	0.63%	0.45%
ADBE	C	0.51%	0.94%	0.51%
ADP	B	0.31%	0.26%	0.26%
AMAT	F	0.34%	0.67%	0.34%
AME	A	0.11%	0.09%	0.09%
AMGN	D	0.35%	0.25%	0.25%
AMT	D	0.31%	0.21%	0.21%
AMZN	C	4.89%	3.84%	3.84%
AON	A	0.21%	0.12%	0.12%
AVGO	D	1.69%	1.62%	1.62%
AXP	A	0.41%	0.43%	0.41%
BAC	A	0.9%	1.18%	0.9%
BBWI	D	0.02%	0.16%	0.02%
BDX	F	0.15%	0.58%	0.15%
BIIB	F	0.05%	0.21%	0.05%
BK	A	0.17%	0.12%	0.12%
BMY	B	0.27%	0.74%	0.27%
C	A	0.38%	0.72%	0.38%
CAH	B	0.07%	0.31%	0.07%
CAT	B	0.48%	0.53%	0.48%
CI	F	0.2%	0.63%	0.2%
CL	D	0.19%	0.55%	0.19%
CLX	B	0.05%	0.14%	0.05%
CMCSA	B	0.37%	0.84%	0.37%
CME	A	0.23%	0.44%	0.23%
CMG	B	0.22%	0.47%	0.22%
COST	B	1.09%	0.3%	0.3%
CRM	B	0.68%	1.16%	0.68%
CRUS	D	0.01%	0.07%	0.01%
CSCO	B	0.52%	0.8%	0.52%
CSX	B	0.18%	0.49%	0.18%
CVS	D	0.18%	0.23%	0.18%
CVX	A	0.67%	0.02%	0.02%
DBX	B	0.02%	0.52%	0.02%
DIS	B	0.53%	0.65%	0.53%
DOCU	A	0.04%	0.09%	0.04%
DVN	F	0.06%	0.52%	0.06%
ECL	D	0.16%	0.63%	0.16%
EXEL	B	0.02%	0.43%	0.02%
F	C	0.11%	0.33%	0.11%
FTNT	C	0.13%	0.2%	0.13%
GAP	C	0.01%	0.21%	0.01%
GE	D	0.5%	0.48%	0.48%
GEN	B	0.04%	0.13%	0.04%
GILD	C	0.26%	0.74%	0.26%
GOOG	C	1.91%	1.89%	1.89%
GOOGL	C	2.25%	2.04%	2.04%
GRMN	B	0.09%	0.44%	0.09%
HD	A	1.07%	1.32%	1.07%
IDXX	F	0.08%	0.15%	0.08%
INCY	C	0.03%	0.34%	0.03%
INTU	C	0.41%	0.12%	0.12%
JPM	A	2.01%	1.93%	1.93%
LDOS	C	0.05%	0.31%	0.05%
LHX	C	0.12%	0.21%	0.12%
LLY	F	1.41%	0.76%	0.76%
LMT	D	0.29%	0.71%	0.29%
LPLA	A	0.07%	0.11%	0.07%
LRCX	F	0.21%	0.24%	0.21%
MA	C	1.1%	1.36%	1.1%
MGM	D	0.02%	0.23%	0.02%
MMC	B	0.32%	0.53%	0.32%
MMM	D	0.19%	0.19%	0.19%
MRK	F	0.56%	0.96%	0.56%
MSCI	C	0.13%	0.26%	0.13%
MSFT	F	6.93%	5.66%	5.66%
MU	D	0.24%	0.5%	0.24%
NEE	D	0.43%	0.82%	0.43%
NOC	D	0.18%	0.6%	0.18%
NOW	A	0.46%	0.5%	0.46%
NRG	B	0.05%	0.09%	0.05%
NVDA	C	7.5%	7.37%	7.37%
OXY	D	0.08%	0.15%	0.08%
PEGA	A	0.01%	0.02%	0.01%
PEP	F	0.58%	0.19%	0.19%
PFE	D	0.33%	0.41%	0.33%
PG	A	1.0%	0.8%	0.8%
PGR	A	0.44%	0.67%	0.44%
PPG	F	0.07%	0.34%	0.07%
PYPL	B	0.22%	0.72%	0.22%
QCOM	F	0.4%	0.85%	0.4%
RTX	C	0.4%	0.28%	0.28%
SCHW	B	0.35%	0.79%	0.35%
SPGI	C	0.46%	0.21%	0.21%
SYK	C	0.31%	0.24%	0.24%
T	A	0.36%	0.71%	0.36%
TDC	D	0.01%	0.35%	0.01%
TJX	A	0.36%	0.72%	0.36%
TMO	F	0.46%	0.38%	0.38%
TMUS	B	0.26%	0.28%	0.26%
TNL	A	0.01%	0.04%	0.01%
TRV	B	0.17%	0.26%	0.17%
TT	A	0.23%	0.68%	0.23%
TXT	D	0.04%	0.5%	0.04%
UBER	D	0.38%	0.24%	0.24%
UNH	C	1.22%	0.57%	0.57%
UNM	A	0.04%	0.1%	0.04%
UNP	C	0.37%	0.75%	0.37%
V	A	1.24%	0.65%	0.65%
VST	B	0.13%	0.14%	0.13%
WM	A	0.25%	0.41%	0.25%
WMT	A	0.97%	0.82%	0.82%
XOM	B	1.29%	1.56%	1.29%
ZBRA	B	0.05%	0.52%	0.05%
ZM	B	0.05%	0.53%	0.05%

JUST Overweight 349 Positions Relative to FBUF

Symbol	Grade	Weight
KO	D	0.62%
ACN	C	0.58%
LIN	D	0.57%
GS	A	0.54%
AMD	F	0.49%
MS	A	0.45%
BLK	C	0.45%
BKNG	A	0.45%
ISRG	A	0.43%
IBM	C	0.42%
TXN	C	0.41%
LOW	D	0.41%
HON	B	0.38%
VZ	C	0.38%
ETN	A	0.37%
PLD	D	0.36%
DHR	F	0.35%
FI	A	0.31%
COP	C	0.31%
SBUX	A	0.3%
BSX	B	0.29%
EQIX	A	0.29%
VRTX	F	0.28%
PANW	C	0.26%
UPS	C	0.25%
MDT	D	0.25%
DE	A	0.25%
ICE	C	0.25%
DUK	C	0.24%
PNC	B	0.24%
NKE	D	0.24%
BA	F	0.24%
GEV	B	0.23%
ADI	D	0.23%
USB	A	0.23%
SHW	A	0.23%
INTC	D	0.23%
MCO	B	0.22%
MDLZ	F	0.22%
ELV	F	0.21%
DLR	B	0.2%
CEG	D	0.2%
MCK	B	0.2%
TGT	F	0.19%
TFC	A	0.18%
AFL	B	0.18%
CDNS	B	0.18%
ZTS	D	0.18%
SNPS	B	0.18%
REGN	F	0.18%
APD	A	0.18%
EMR	A	0.18%
MRVL	B	0.17%
FDX	B	0.17%
GM	B	0.17%
MAR	B	0.17%
COF	B	0.17%
ABNB	C	0.16%
SRE	A	0.16%
CARR	D	0.16%
WMB	A	0.16%
FCX	D	0.16%
AMP	A	0.16%
HLT	A	0.16%
HCA	F	0.15%
JCI	C	0.15%
ALL	A	0.15%
OKE	A	0.15%
RCL	A	0.15%
CCI	D	0.15%
CBRE	B	0.14%
AEP	D	0.14%
MET	A	0.14%
AIG	B	0.14%
ADSK	A	0.14%
URI	B	0.14%
WDAY	B	0.13%
CMI	A	0.13%
CPRT	A	0.13%
D	C	0.13%
MPC	D	0.13%
PRU	A	0.13%
PWR	A	0.12%
EA	A	0.12%
PEG	A	0.12%
NEM	D	0.12%
DFS	B	0.12%
KMI	A	0.12%
VRSK	A	0.11%
EXC	C	0.11%
LULU	C	0.11%
XEL	A	0.11%
IR	B	0.11%
VLO	C	0.11%
AVB	B	0.11%
IRM	D	0.11%
KMB	D	0.11%
DAL	C	0.11%
LNG	B	0.11%
KDP	D	0.1%
HES	B	0.1%
SYY	B	0.1%
HIG	B	0.1%
COR	B	0.1%
MTB	A	0.1%
ACGL	D	0.1%
OTIS	C	0.1%
CSGP	D	0.1%
BKR	B	0.1%
EIX	B	0.09%
ETR	B	0.09%
VTR	C	0.09%
EW	C	0.09%
WAB	B	0.09%
DD	D	0.09%
CTSH	B	0.09%
IT	C	0.09%
GIS	D	0.09%
FITB	A	0.09%
WTW	B	0.09%
NDAQ	A	0.09%
EQR	B	0.09%
MLM	B	0.09%
BR	A	0.08%
HUM	C	0.08%
WY	D	0.08%
HPQ	B	0.08%
TSCO	D	0.08%
DOW	F	0.08%
GLW	B	0.08%
SBAC	D	0.08%
UAL	A	0.08%
CHTR	C	0.08%
TTWO	A	0.08%
IQV	D	0.08%
STT	A	0.08%
ROK	B	0.08%
EBAY	D	0.08%
A	D	0.08%
SYF	B	0.07%
AEE	A	0.07%
ADM	D	0.07%
ESS	B	0.07%
ANSS	B	0.07%
DXCM	D	0.07%
HSY	F	0.07%
PPL	B	0.07%
FTV	C	0.07%
CNC	D	0.07%
KEYS	A	0.07%
RF	A	0.07%
DECK	A	0.07%
AWK	D	0.07%
ALNY	D	0.07%
RMD	C	0.07%
HBAN	A	0.07%
XYL	D	0.07%
NTAP	C	0.06%
KIM	A	0.06%
K	A	0.06%
GDDY	A	0.06%
MPWR	F	0.06%
TYL	B	0.06%
IFF	D	0.06%
NET	B	0.06%
CBOE	B	0.06%
PFG	D	0.06%
ES	D	0.06%
EXPE	B	0.06%
HPE	B	0.06%
WBD	C	0.06%
HAL	C	0.06%
ON	D	0.06%
IEX	B	0.05%
LVS	C	0.05%
OC	A	0.05%
J	F	0.05%
LH	C	0.05%
EQH	B	0.05%
TSN	B	0.05%
BALL	D	0.05%
ILMN	D	0.05%
TRU	D	0.05%
WAT	B	0.05%
UDR	B	0.05%
ZBH	C	0.05%
MKC	D	0.05%
KEY	B	0.05%
FSLR	F	0.05%
BAH	F	0.05%
LII	A	0.05%
BBY	D	0.05%
CNP	B	0.05%
LUV	C	0.05%
LYB	F	0.05%
OMC	C	0.05%
CSL	C	0.05%
BAX	D	0.04%
ACM	A	0.04%
GWRE	A	0.04%
NDSN	B	0.04%
TER	D	0.04%
TPR	B	0.04%
USFD	A	0.04%
DGX	A	0.04%
Z	A	0.04%
NTNX	A	0.04%
SOFI	A	0.04%
APTV	D	0.04%
ZS	C	0.04%
EL	F	0.04%
HOLX	D	0.04%
CF	B	0.04%
JLL	D	0.04%
BXP	D	0.04%
TW	A	0.04%
MDB	C	0.04%
PNR	A	0.04%
RGA	A	0.04%
WSM	B	0.04%
MAS	D	0.04%
WDC	D	0.04%
AAL	B	0.03%
DAY	B	0.03%
OKTA	C	0.03%
AES	F	0.03%
CNH	C	0.03%
PNFP	B	0.03%
CMA	A	0.03%
INGR	B	0.03%
JNPR	F	0.03%
AA	B	0.03%
AYI	B	0.03%
MKTX	D	0.03%
ALLY	C	0.03%
PNW	B	0.03%
BLD	D	0.03%
ATR	B	0.03%
TAP	C	0.03%
MRNA	F	0.03%
NWSA	B	0.03%
OWL	A	0.03%
DKS	C	0.03%
AFRM	B	0.03%
EMN	D	0.03%
ALB	C	0.03%
AKAM	D	0.03%
IPG	D	0.03%
FOXA	B	0.03%
NCLH	B	0.03%
NVT	B	0.03%
ITT	A	0.03%
AVTR	F	0.03%
FHN	A	0.03%
BG	F	0.03%
AIZ	A	0.03%
FFIV	B	0.03%
CHRW	C	0.03%
SCI	B	0.03%
SWK	D	0.03%
KMX	B	0.03%
VNT	B	0.02%
ESTC	C	0.02%
SLM	A	0.02%
LEA	D	0.02%
SMAR	A	0.02%
AZEK	A	0.02%
FOX	A	0.02%
THG	A	0.02%
WHR	B	0.02%
WBA	F	0.02%
RGEN	D	0.02%
LNC	B	0.02%
SITE	D	0.02%
ETSY	D	0.02%
FCN	D	0.02%
MTCH	D	0.02%
APA	D	0.02%
FMC	D	0.02%
PVH	C	0.02%
AWI	A	0.02%
PARA	C	0.02%
DVA	B	0.02%
LPX	B	0.02%
KBR	F	0.02%
ALK	C	0.02%
IVZ	B	0.02%
COLB	A	0.02%
OSK	B	0.02%
AXS	A	0.02%
HSIC	B	0.02%
VFC	C	0.02%
RRC	B	0.02%
BERY	B	0.02%
TFX	F	0.02%
MTG	C	0.02%
H	B	0.02%
CE	F	0.02%
WH	B	0.02%
GPK	C	0.02%
HRB	D	0.02%
BWA	D	0.02%
MOS	F	0.02%
HAS	D	0.02%
CPB	D	0.02%
VOYA	B	0.02%
CIEN	B	0.02%
SNV	B	0.02%
SOLV	C	0.02%
HRL	D	0.02%
FBIN	D	0.02%
ARMK	B	0.02%
KSS	F	0.01%
CAR	C	0.01%
PINC	B	0.01%
DV	C	0.01%
RARE	D	0.01%
NVST	B	0.01%
AGR	B	0.01%
SPR	D	0.01%
XRAY	F	0.01%
PENN	C	0.01%
OGN	D	0.01%
PAG	B	0.01%
W	F	0.01%
YETI	C	0.01%
MDU	D	0.01%
BHF	B	0.01%
PII	D	0.01%
WU	D	0.01%
NWS	B	0.01%
INSP	D	0.01%
M	D	0.01%
HOG	D	0.01%
TKR	D	0.01%
CHH	A	0.01%
GTLB	B	0.01%
SON	D	0.01%
ST	F	0.01%
LITE	B	0.01%
ZG	A	0.01%
LOPE	B	0.01%
AGCO	D	0.01%
DINO	D	0.01%
AGO	B	0.01%
CLF	F	0.01%
QS	F	0.0%
SNDR	B	0.0%
RKT	F	0.0%

JUST Underweight 48 Positions Relative to FBUF

Symbol	Grade	Weight
META	D	-2.89%
BRK.A	B	-2.2%
NFLX	A	-1.28%
TSLA	B	-1.27%
PM	B	-0.94%
JNJ	D	-0.73%
CTAS	B	-0.65%
KLAC	D	-0.61%
SQ	B	-0.6%
SEIC	B	-0.54%
CVNA	B	-0.52%
EOG	A	-0.48%
IGT	F	-0.46%
SPG	B	-0.44%
MSI	B	-0.43%
HWM	A	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	C	-0.36%
ANF	C	-0.35%
ALRM	C	-0.34%
SKYW	B	-0.31%
MEDP	D	-0.28%
TROW	B	-0.28%
WFC	A	-0.28%
RSG	A	-0.23%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
PSA	D	-0.17%
LNW	D	-0.16%
ITW	B	-0.14%
GL	B	-0.13%
KR	B	-0.12%
NSC	B	-0.11%
DASH	A	-0.11%
ED	D	-0.1%
TWLO	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
QRVO	F	-0.06%
NBIX	C	-0.06%
ANET	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%