MGC vs. FBUF ETF Comparison

Comparison of Vanguard Mega Cap ETF (MGC) to Fidelity Dynamic Buffered Equity ETF (FBUF)

MGC

Vanguard Mega Cap ETF

MGC Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$214.00

Average Daily Volume

66,120

Number of Holdings ^*

193

* 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	MGC	FBUF
30 Days	2.84%	3.10%
60 Days	4.35%	4.70%
90 Days	5.93%	6.08%
12 Months	33.19%

94 Overlapping Holdings

Symbol	Grade	Weight in MGC	Weight in FBUF	Overlap
AAPL	C	8.16%	7.34%	7.34%
ABBV	D	0.9%	0.91%	0.9%
ABT	B	0.49%	0.63%	0.49%
ADBE	C	0.53%	0.94%	0.53%
ADP	B	0.29%	0.26%	0.26%
AMAT	F	0.37%	0.67%	0.37%
AMGN	D	0.43%	0.25%	0.25%
AMT	D	0.25%	0.21%	0.21%
AMZN	C	4.4%	3.84%	3.84%
ANET	C	0.24%	0.06%	0.06%
AON	A	0.19%	0.12%	0.12%
AVGO	D	1.98%	1.62%	1.62%
AXP	A	0.34%	0.43%	0.34%
BAC	A	0.73%	1.18%	0.73%
BDX	F	0.17%	0.58%	0.17%
BK	A	0.14%	0.12%	0.12%
BMY	B	0.28%	0.74%	0.28%
BRK.A	B	0.14%	2.2%	0.14%
BRK.A	B	1.92%	2.2%	1.92%
C	A	0.29%	0.72%	0.29%
CAT	B	0.46%	0.53%	0.46%
CI	F	0.22%	0.63%	0.22%
CL	D	0.19%	0.55%	0.19%
CMCSA	B	0.42%	0.84%	0.42%
CME	A	0.2%	0.44%	0.2%
CMG	B	0.19%	0.47%	0.19%
COST	B	0.97%	0.3%	0.3%
CRM	B	0.67%	1.16%	0.67%
CSCO	B	0.5%	0.8%	0.5%
CSX	B	0.16%	0.49%	0.16%
CVS	D	0.18%	0.23%	0.18%
CVX	A	0.65%	0.02%	0.02%
DIS	B	0.44%	0.65%	0.44%
ECL	D	0.16%	0.63%	0.16%
EOG	A	0.17%	0.48%	0.17%
F	C	0.1%	0.33%	0.1%
FTNT	C	0.06%	0.2%	0.06%
GE	D	0.44%	0.48%	0.44%
GILD	C	0.28%	0.74%	0.28%
GOOG	C	2.06%	1.89%	1.89%
GOOGL	C	2.49%	2.04%	2.04%
HD	A	0.98%	1.32%	0.98%
INTU	C	0.41%	0.12%	0.12%
ITW	B	0.18%	0.14%	0.14%
JNJ	D	0.96%	0.73%	0.73%
JPM	A	1.58%	1.93%	1.58%
KLAC	D	0.22%	0.61%	0.22%
LLY	F	1.77%	0.76%	0.76%
LMT	D	0.33%	0.71%	0.33%
LRCX	F	0.24%	0.24%	0.24%
MA	C	1.03%	1.36%	1.03%
META	D	3.1%	2.89%	2.89%
MMC	B	0.27%	0.53%	0.27%
MMM	D	0.18%	0.19%	0.18%
MRK	F	0.65%	0.96%	0.65%
MSFT	F	7.55%	5.66%	5.66%
MU	D	0.28%	0.5%	0.28%
NEE	D	0.41%	0.82%	0.41%
NFLX	A	0.81%	1.28%	0.81%
NOC	D	0.19%	0.6%	0.19%
NOW	A	0.48%	0.5%	0.48%
NSC	B	0.14%	0.11%	0.11%
NVDA	C	7.76%	7.37%	7.37%
ORCL	B	0.69%	0.04%	0.04%
OXY	D	0.08%	0.15%	0.08%
PEP	F	0.57%	0.19%	0.19%
PFE	D	0.4%	0.41%	0.4%
PG	A	0.97%	0.8%	0.8%
PGR	A	0.36%	0.67%	0.36%
PM	B	0.52%	0.94%	0.52%
PSA	D	0.13%	0.17%	0.13%
PYPL	B	0.2%	0.72%	0.2%
QCOM	F	0.45%	0.85%	0.45%
RSG	A	0.1%	0.23%	0.1%
RTX	C	0.4%	0.28%	0.28%
SCHW	B	0.27%	0.79%	0.27%
SPG	B	0.07%	0.44%	0.07%
SPGI	C	0.38%	0.21%	0.21%
SYK	C	0.31%	0.24%	0.24%
T	A	0.4%	0.71%	0.4%
TJX	A	0.32%	0.72%	0.32%
TMO	F	0.52%	0.38%	0.38%
TMUS	B	0.26%	0.28%	0.26%
TRV	B	0.14%	0.26%	0.14%
TSLA	B	1.7%	1.27%	1.27%
TT	A	0.21%	0.68%	0.21%
UBER	D	0.36%	0.24%	0.24%
UNH	C	1.3%	0.57%	0.57%
UNP	C	0.35%	0.75%	0.35%
V	A	1.21%	0.65%	0.65%
WFC	A	0.55%	0.28%	0.28%
WM	A	0.22%	0.41%	0.22%
WMT	A	0.91%	0.82%	0.82%
XOM	B	1.3%	1.56%	1.3%

MGC Overweight 99 Positions Relative to FBUF

Symbol	Grade	Weight
KO	D	0.63%
AMD	F	0.58%
ACN	C	0.54%
LIN	D	0.54%
MCD	D	0.52%
IBM	C	0.48%
TXN	C	0.46%
ISRG	A	0.45%
GS	A	0.41%
VZ	C	0.4%
DHR	F	0.4%
BKNG	A	0.39%
LOW	D	0.37%
BLK	C	0.35%
MS	A	0.35%
ETN	A	0.33%
HON	B	0.33%
COP	C	0.32%
VRTX	F	0.31%
BSX	B	0.31%
BX	A	0.3%
MDT	D	0.29%
PANW	C	0.29%
SBUX	A	0.28%
ADI	D	0.28%
FI	A	0.28%
CB	C	0.27%
BA	F	0.27%
PLD	D	0.26%
DE	A	0.26%
UPS	C	0.25%
SO	D	0.25%
ELV	F	0.24%
REGN	F	0.23%
MDLZ	F	0.23%
KKR	A	0.23%
NKE	D	0.23%
MO	A	0.23%
EQIX	A	0.22%
DUK	C	0.22%
ICE	C	0.22%
INTC	D	0.21%
SNPS	B	0.2%
SHW	A	0.2%
PH	A	0.2%
PNC	B	0.19%
USB	A	0.19%
CDNS	B	0.19%
MCO	B	0.18%
ZTS	D	0.18%
ORLY	B	0.17%
GD	F	0.17%
CRWD	B	0.17%
APD	A	0.17%
TGT	F	0.17%
FCX	D	0.16%
HCA	F	0.16%
MCK	B	0.16%
MAR	B	0.15%
AFL	B	0.15%
COF	B	0.15%
FDX	B	0.15%
ADSK	A	0.15%
EMR	A	0.15%
SLB	C	0.14%
GM	B	0.14%
ROP	B	0.14%
TFC	A	0.14%
PSX	C	0.13%
AEP	D	0.13%
SRE	A	0.13%
ABNB	C	0.13%
ROST	C	0.12%
MET	A	0.12%
CCI	D	0.12%
MPC	D	0.12%
WDAY	B	0.12%
PAYX	C	0.11%
KMB	D	0.11%
STZ	D	0.1%
VLO	C	0.1%
GEV	B	0.1%
DELL	C	0.09%
MRVL	B	0.09%
KDP	D	0.09%
MNST	C	0.09%
CHTR	C	0.08%
HUM	C	0.08%
WMB	A	0.08%
KHC	F	0.07%
HLT	A	0.07%
KMI	A	0.06%
AIG	B	0.06%
D	C	0.06%
JCI	C	0.06%
AZO	C	0.06%
EW	C	0.05%
SNOW	C	0.04%
EL	F	0.02%

MGC Underweight 62 Positions Relative to FBUF

Symbol	Grade	Weight
CTAS	B	-0.65%
SQ	B	-0.6%
SEIC	B	-0.54%
ZM	B	-0.53%
DBX	B	-0.52%
ZBRA	B	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
TXT	D	-0.5%
IGT	F	-0.46%
GRMN	B	-0.44%
MSI	B	-0.43%
EXEL	B	-0.43%
HWM	A	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	C	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	F	-0.34%
INCY	C	-0.34%
LDOS	C	-0.31%
SKYW	B	-0.31%
CAH	B	-0.31%
MEDP	D	-0.28%
TROW	B	-0.28%
MSCI	C	-0.26%
MGM	D	-0.23%
LHX	C	-0.21%
GAP	C	-0.21%
BIIB	F	-0.21%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
IDXX	F	-0.15%
VST	B	-0.14%
CLX	B	-0.14%
GL	B	-0.13%
GEN	B	-0.13%
KR	B	-0.12%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
AME	A	-0.09%
TWLO	A	-0.09%
NRG	B	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
CRUS	D	-0.07%
QRVO	F	-0.06%
NBIX	C	-0.06%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%