OUSA vs. FBUF ETF Comparison

Comparison of O'Shares FTSE U.S. Quality Dividend ETF (OUSA) to Fidelity Dynamic Buffered Equity ETF (FBUF)

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$55.14

Average Daily Volume

33,301

Number of Holdings ^*

* 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	OUSA	FBUF
30 Days	3.07%	3.04%
60 Days	2.89%	4.57%
90 Days	5.26%	6.09%
12 Months	26.22%

52 Overlapping Holdings

Symbol	Grade	Weight in OUSA	Weight in FBUF	Overlap
AAPL	B	4.96%	7.34%	4.96%
ABBV	D	0.87%	0.91%	0.87%
ABT	B	1.49%	0.63%	0.63%
ADP	B	0.76%	0.26%	0.26%
AME	A	0.15%	0.09%	0.09%
AMGN	D	0.3%	0.25%	0.25%
AON	A	0.39%	0.12%	0.12%
AVGO	D	0.41%	1.62%	0.41%
CAT	B	0.61%	0.53%	0.53%
CL	D	0.34%	0.55%	0.34%
CMCSA	C	3.75%	0.84%	0.84%
COST	B	0.82%	0.3%	0.3%
CSCO	A	3.07%	0.8%	0.8%
CSX	B	0.29%	0.49%	0.29%
CTAS	B	1.11%	0.65%	0.65%
GILD	B	0.19%	0.74%	0.19%
GOOGL	C	3.96%	2.04%	2.04%
GRMN	A	0.52%	0.44%	0.44%
HD	A	5.35%	1.32%	1.32%
INTU	C	0.16%	0.12%	0.12%
ITW	A	1.34%	0.14%	0.14%
JNJ	D	4.26%	0.73%	0.73%
JPM	B	0.47%	1.93%	0.47%
KR	A	0.08%	0.12%	0.08%
LLY	F	0.91%	0.76%	0.76%
LMT	D	1.07%	0.71%	0.71%
MA	B	3.95%	1.36%	1.36%
MMC	A	2.2%	0.53%	0.53%
MRK	F	3.95%	0.96%	0.96%
MSCI	C	0.53%	0.26%	0.26%
MSFT	D	4.78%	5.66%	4.78%
MSI	C	0.37%	0.43%	0.37%
NOC	D	0.13%	0.6%	0.13%
ORCL	C	0.68%	0.04%	0.04%
PCAR	B	0.41%	0.37%	0.37%
PEP	F	0.79%	0.19%	0.19%
PG	A	2.62%	0.8%	0.8%
PM	B	0.61%	0.94%	0.61%
QCOM	F	0.62%	0.85%	0.62%
SPGI	C	0.43%	0.21%	0.21%
SYK	C	0.31%	0.24%	0.24%
T	A	0.77%	0.71%	0.71%
TJX	A	1.39%	0.72%	0.72%
TMO	F	0.13%	0.38%	0.13%
TMUS	A	1.06%	0.28%	0.28%
TROW	A	0.71%	0.28%	0.28%
TT	B	0.25%	0.68%	0.25%
UNH	B	1.86%	0.57%	0.57%
UNP	C	0.75%	0.75%	0.75%
V	A	5.33%	0.65%	0.65%
WM	A	0.39%	0.41%	0.39%
WMT	B	0.47%	0.82%	0.47%

OUSA Overweight 47 Positions Relative to FBUF

Symbol	Grade	Weight
MCD	D	3.36%
ACN	B	2.77%
TXN	D	2.36%
LOW	C	1.48%
FAST	B	0.86%
KO	D	0.76%
VZ	B	0.74%
HON	B	0.72%
CB	D	0.7%
SBUX	B	0.69%
UPS	C	0.67%
MO	A	0.66%
MCO	A	0.63%
YUM	B	0.57%
EA	C	0.56%
IBM	C	0.56%
BLK	C	0.55%
PAYX	B	0.53%
OTIS	C	0.5%
ZTS	D	0.47%
APH	B	0.42%
CTSH	B	0.4%
NKE	F	0.39%
EBAY	C	0.33%
ETN	A	0.32%
TSCO	C	0.31%
GD	F	0.31%
CBOE	B	0.31%
GWW	A	0.29%
MDT	D	0.29%
SNA	A	0.27%
MDLZ	F	0.23%
HSY	F	0.22%
KMB	C	0.21%
DE	B	0.21%
ELV	F	0.19%
IEX	B	0.17%
CMI	A	0.16%
GGG	B	0.16%
EXPD	C	0.16%
A	D	0.16%
VRSK	A	0.15%
ADI	D	0.14%
GIS	D	0.11%
TGT	F	0.11%
KVUE	A	0.08%
CHD	B	0.06%

OUSA Underweight 103 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	C	-7.37%
AMZN	C	-3.84%
META	D	-2.89%
BRK.A	B	-2.2%
GOOG	C	-1.89%
XOM	C	-1.56%
NFLX	B	-1.28%
TSLA	B	-1.27%
BAC	A	-1.18%
CRM	B	-1.16%
ADBE	C	-0.94%
NEE	D	-0.82%
SCHW	A	-0.79%
BMY	B	-0.74%
PYPL	A	-0.72%
C	A	-0.72%
PGR	A	-0.67%
AMAT	F	-0.67%
DIS	B	-0.65%
ECL	D	-0.63%
CI	D	-0.63%
KLAC	F	-0.61%
SQ	B	-0.6%
BDX	F	-0.58%
SEIC	A	-0.54%
ZM	B	-0.53%
DBX	C	-0.52%
ZBRA	A	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
MU	D	-0.5%
NOW	B	-0.5%
TXT	D	-0.5%
GE	D	-0.48%
EOG	C	-0.48%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
SPG	C	-0.44%
AXP	A	-0.43%
EXEL	A	-0.43%
PFE	D	-0.41%
HWM	B	-0.38%
ALLE	D	-0.38%
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%
CAH	B	-0.31%
RTX	D	-0.28%
MEDP	F	-0.28%
WFC	A	-0.28%
TRV	B	-0.26%
UBER	D	-0.24%
LRCX	F	-0.24%
CVS	D	-0.23%
RSG	A	-0.23%
MGM	F	-0.23%
AMT	D	-0.21%
LHX	C	-0.21%
GAP	C	-0.21%
BIIB	F	-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%
GL	C	-0.13%
GEN	A	-0.13%
BK	A	-0.12%
NSC	A	-0.11%
DASH	A	-0.11%
LPLA	B	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
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%
CVX	B	-0.02%
PEGA	A	-0.02%