OPTZ vs. FCOM ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$30.10

Average Daily Volume

6,435

Number of Holdings ^*

320

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 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 Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.54

Average Daily Volume

86,230

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	FCOM
30 Days	2.77%	3.28%
60 Days	6.36%	6.59%
90 Days	9.67%	9.68%
12 Months		37.03%

12 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in FCOM	Overlap
AMC	F	0.5%	0.1%	0.1%
CMCSA	B	0.63%	4.18%	0.63%
DIS	B	0.64%	3.75%	0.64%
DJT	C	1.03%	0.15%	0.15%
EA	A	0.63%	1.49%	0.63%
LUMN	C	0.9%	0.76%	0.76%
META	C	0.67%	22.7%	0.67%
NFLX	A	0.68%	4.63%	0.68%
NPAB	F	0.46%	0.14%	0.14%
STGW	B	0.14%	0.06%	0.06%
T	A	0.61%	3.94%	0.61%
TMUS	A	0.7%	3.28%	0.7%

OPTZ Overweight 308 Positions Relative to FCOM

Symbol	Grade	Weight
APP	A	1.97%
NVDA	B	1.46%
TTMI	B	1.43%
INTC	C	1.37%
CRM	B	1.32%
CRWD	B	1.3%
BHE	B	1.29%
ANET	C	1.29%
DELL	B	1.28%
QLYS	C	1.26%
NOW	A	1.24%
ITRI	B	1.24%
FFIV	B	1.23%
BAH	D	1.22%
CDNS	B	1.22%
SNPS	C	1.21%
GDDY	A	1.2%
MSI	A	1.18%
AMD	F	1.1%
AMAT	F	1.1%
WIX	A	1.08%
INFN	D	1.08%
IBM	D	1.04%
AAPL	C	1.04%
VZIO	A	1.02%
VRSN	F	1.02%
ROP	C	1.01%
FSLR	F	0.95%
ACLS	F	0.88%
CRUS	F	0.8%
IDCC	A	0.76%
RNG	C	0.74%
ZM	B	0.69%
CVNA	A	0.55%
EAT	A	0.52%
TSLA	A	0.48%
NCLH	B	0.48%
WWW	A	0.47%
RCL	A	0.45%
WOOF	D	0.44%
RL	B	0.4%
UNFI	A	0.39%
LVS	B	0.39%
HBI	A	0.39%
AMZN	B	0.38%
SIG	C	0.38%
MAR	A	0.38%
DECK	A	0.38%
GRMN	B	0.37%
COIN	A	0.36%
LULU	C	0.36%
DPZ	C	0.35%
WHR	A	0.35%
PCT	C	0.35%
ORLY	B	0.34%
BZH	C	0.34%
PVH	C	0.34%
ANF	C	0.34%
LOW	A	0.34%
FIVE	F	0.33%
WYNN	D	0.33%
CHDN	C	0.33%
SBH	A	0.33%
BURL	A	0.32%
ALV	C	0.32%
MCD	D	0.32%
YETI	F	0.31%
ETSY	D	0.31%
ULTA	F	0.31%
ODP	F	0.3%
TAP	B	0.3%
COST	B	0.3%
ENR	A	0.3%
LNW	F	0.3%
DKS	D	0.29%
DOLE	D	0.29%
APO	A	0.29%
WBA	F	0.28%
CHD	A	0.28%
ROST	D	0.28%
GPC	D	0.28%
TGT	C	0.27%
CVS	D	0.27%
LEA	F	0.27%
LC	A	0.27%
APTV	F	0.26%
EWTX	C	0.26%
MELI	D	0.26%
DAN	F	0.26%
PEP	F	0.26%
STZ	D	0.26%
KKR	A	0.25%
AX	A	0.25%
BG	D	0.24%
CL	C	0.24%
CAL	F	0.24%
GS	A	0.24%
AMP	A	0.24%
FI	A	0.24%
CROX	F	0.24%
TROW	A	0.23%
CPAY	A	0.23%
SQ	A	0.23%
AXP	B	0.23%
ARES	B	0.23%
BHF	B	0.23%
TRV	A	0.22%
CINF	A	0.22%
V	A	0.22%
COOP	B	0.22%
STRL	B	0.21%
AXON	A	0.21%
PGR	B	0.21%
LDI	C	0.21%
MSCI	A	0.21%
ALL	A	0.21%
BFH	B	0.21%
PRG	A	0.21%
PRU	A	0.21%
SIGI	B	0.21%
AER	C	0.21%
AGO	A	0.21%
BR	A	0.21%
BRO	B	0.21%
LBPH	A	0.21%
AIZ	A	0.21%
WTW	B	0.21%
VRT	A	0.21%
MCO	D	0.2%
CRS	A	0.2%
GPN	B	0.2%
GL	B	0.2%
MKTX	D	0.2%
GATO	C	0.2%
RNR	D	0.2%
ZIM	A	0.19%
ICE	C	0.19%
PMT	D	0.19%
NATL	C	0.19%
CME	A	0.19%
SPGI	C	0.19%
HIG	A	0.19%
HASI	F	0.18%
LPX	A	0.18%
INCY	B	0.18%
EME	B	0.18%
FIX	A	0.18%
DAL	A	0.18%
PAYC	B	0.18%
VMC	B	0.18%
NAVI	F	0.18%
XPO	B	0.18%
SKYW	B	0.18%
ACGL	D	0.18%
CBOE	C	0.18%
EXP	B	0.18%
CB	C	0.18%
AVNT	A	0.17%
VERA	B	0.17%
GNRC	B	0.17%
PCTY	B	0.17%
APD	A	0.17%
AKRO	C	0.17%
CLOV	D	0.17%
GTLS	A	0.17%
MLM	B	0.17%
SHW	B	0.16%
DOCU	B	0.16%
SAIA	C	0.16%
ETNB	D	0.16%
AIT	A	0.16%
HQY	A	0.16%
PWR	A	0.16%
TPC	B	0.16%
JBLU	D	0.15%
TT	A	0.15%
ISRG	A	0.15%
PH	B	0.15%
BV	C	0.15%
PEGA	B	0.15%
SNDX	F	0.15%
PNR	A	0.15%
PCAR	B	0.15%
ETN	B	0.15%
DAWN	D	0.15%
JAZZ	B	0.15%
PEN	B	0.15%
WAB	B	0.15%
ACHR	B	0.15%
EMN	C	0.15%
HUBB	B	0.15%
UTHR	C	0.15%
PODD	A	0.15%
URI	B	0.15%
DGX	A	0.14%
GFF	B	0.14%
SYK	A	0.14%
HON	A	0.14%
NBIX	D	0.14%
MANH	D	0.14%
LIVN	C	0.14%
PBI	C	0.14%
MRC	B	0.14%
WWD	B	0.14%
ASH	F	0.14%
COR	B	0.14%
REVG	B	0.14%
CAH	A	0.14%
THC	C	0.14%
WST	C	0.14%
LECO	C	0.14%
LIN	D	0.14%
VRTX	C	0.14%
ESTC	C	0.14%
CAT	B	0.14%
ECL	D	0.14%
VRSK	B	0.13%
UNH	B	0.13%
SHC	D	0.13%
ZBH	C	0.13%
DVA	C	0.13%
SAVA	C	0.13%
MOH	F	0.13%
PHIN	A	0.13%
OSK	B	0.13%
KRYS	C	0.13%
BAX	F	0.12%
BA	F	0.12%
TMO	F	0.12%
IQV	F	0.12%
AHCO	F	0.12%
STE	D	0.12%
AOS	F	0.12%
RPRX	F	0.12%
KURA	F	0.12%
XYL	D	0.12%
RSG	B	0.12%
VNO	C	0.12%
COGT	F	0.12%
WDAY	C	0.12%
FDX	A	0.12%
SRPT	F	0.12%
ALGN	C	0.12%
CBRE	B	0.11%
ADBE	F	0.11%
EXPI	C	0.11%
OMI	F	0.11%
DLR	A	0.11%
CGEM	F	0.11%
LNTH	F	0.11%
EFX	F	0.11%
DYN	F	0.11%
UHS	D	0.11%
IDXX	F	0.11%
SPG	A	0.1%
RHP	B	0.1%
SBRA	C	0.1%
EQIX	A	0.1%
OGN	F	0.1%
WELL	A	0.1%
UNIT	B	0.1%
CE	F	0.1%
ELS	B	0.09%
PRIM	A	0.09%
HII	F	0.09%
TDW	F	0.09%
RDFN	F	0.09%
PK	D	0.09%
PEB	F	0.09%
LAMR	D	0.09%
WY	D	0.09%
ICLR	F	0.09%
NMRK	A	0.09%
SANA	F	0.08%
REXR	F	0.08%
NVRI	F	0.08%
SBAC	C	0.08%
EGP	D	0.08%
NEXT	B	0.08%
CPT	D	0.08%
KNTK	A	0.07%
BKR	A	0.07%
WMB	A	0.07%
CEG	D	0.07%
DTM	A	0.07%
TRGP	A	0.07%
BKD	F	0.07%
AMT	D	0.07%
ETR	A	0.06%
SLB	C	0.06%
OII	B	0.06%
FTI	A	0.06%
WHD	B	0.06%
NRG	B	0.06%
APA	F	0.05%
VAL	F	0.05%
DTE	C	0.05%
DUK	C	0.05%
SO	C	0.05%
DK	D	0.05%
SWX	A	0.05%
WFRD	F	0.05%
ATO	A	0.05%
WKC	D	0.05%
AES	F	0.04%
NFE	F	0.04%
EIX	C	0.04%
HE	D	0.04%

OPTZ Underweight 81 Positions Relative to FCOM

Symbol	Grade	Weight
GOOGL	B	-12.69%
GOOG	B	-9.88%
VZ	C	-3.9%
TTD	B	-1.9%
CHTR	B	-1.5%
TTWO	A	-1.32%
RBLX	B	-1.26%
LYV	A	-1.23%
WBD	B	-1.22%
OMC	C	-1.08%
LBRDK	C	-0.89%
NWSA	B	-0.87%
FOXA	B	-0.83%
IPG	F	-0.83%
PINS	F	-0.83%
SNAP	D	-0.8%
ROKU	C	-0.73%
TKO	C	-0.7%
NYT	D	-0.68%
MTCH	F	-0.62%
FYBR	C	-0.5%
FOX	A	-0.46%
PARA	D	-0.46%
NXST	D	-0.42%
EDR	A	-0.41%
IAC	F	-0.31%
CCOI	B	-0.29%
MSGS	B	-0.28%
CNK	A	-0.27%
TGNA	B	-0.26%
RDDT	A	-0.26%
ZI	D	-0.25%
TDS	B	-0.25%
IRDM	D	-0.25%
SATS	D	-0.25%
CARG	A	-0.23%
ZD	B	-0.2%
YELP	C	-0.18%
SIRI	D	-0.16%
CABO	C	-0.15%
MGNI	B	-0.14%
LBRDA	C	-0.13%
TRIP	D	-0.13%
GSAT	C	-0.12%
IMAX	B	-0.09%
MSGE	F	-0.09%
CARS	B	-0.09%
QNST	C	-0.09%
LILAK	F	-0.08%
USM	B	-0.08%
VMEO	B	-0.08%
SSTK	F	-0.07%
IDT	B	-0.07%
LGF.A	F	-0.07%
IAS	D	-0.07%
ZIP	D	-0.06%
TTGT	C	-0.06%
BMBL	C	-0.06%
GCI	D	-0.06%
SHEN	F	-0.05%
SCHL	F	-0.05%
PUBM	D	-0.05%
EVER	F	-0.04%
THRY	F	-0.04%
GOGO	C	-0.04%
IBTA	D	-0.04%
MCS	B	-0.04%
ATUS	C	-0.04%
CNSL	B	-0.03%
GTN	F	-0.03%
ATEX	F	-0.03%
CCO	D	-0.03%
BOC	D	-0.03%
LGF.A	F	-0.03%
MAX	F	-0.03%
ADV	F	-0.03%
FUBO	F	-0.03%
LILA	F	-0.02%
EB	C	-0.02%
AMCX	C	-0.02%
ANGI	F	-0.01%