PAPI vs. FCOM ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.85

Average Daily Volume

32,973

Number of Holdings ^*

189

* 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

$57.99

Average Daily Volume

78,574

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FCOM
30 Days	2.11%	4.47%
60 Days	3.48%	7.33%
90 Days	4.02%	9.92%
12 Months	18.27%	36.02%

10 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FCOM	Overlap
CCOI	B	0.5%	0.28%	0.28%
CMCSA	B	0.54%	4.15%	0.54%
EA	A	0.59%	1.57%	0.59%
FOX	A	0.59%	0.48%	0.48%
FOXA	A	0.57%	0.85%	0.57%
IPG	D	0.45%	0.77%	0.45%
NYT	D	0.5%	0.65%	0.5%
OMC	C	0.49%	1.03%	0.49%
T	A	0.55%	4.11%	0.55%
VZ	C	0.5%	4.13%	0.5%

PAPI Overweight 179 Positions Relative to FCOM

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
IP	A	0.63%
DTM	A	0.62%
BKR	A	0.62%
EMR	B	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	B	0.61%
PINC	B	0.6%
CFR	B	0.59%
TAP	C	0.59%
PB	B	0.59%
MO	A	0.59%
IDA	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	B	0.58%
WMB	A	0.58%
JCI	B	0.58%
WHR	B	0.57%
RHI	C	0.57%
TRV	B	0.57%
SRE	A	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	B	0.57%
LH	B	0.57%
TXRH	B	0.57%
XEL	A	0.57%
CVX	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
CAH	B	0.56%
EOG	A	0.56%
RS	B	0.56%
PKG	A	0.56%
PM	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
PPL	A	0.55%
DCI	B	0.55%
INGR	C	0.55%
UNH	B	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	A	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
CSCO	B	0.54%
COST	A	0.54%
CHD	A	0.54%
AFG	A	0.54%
DRI	B	0.54%
TJX	A	0.54%
ADP	A	0.54%
MTN	C	0.54%
AEE	A	0.54%
MSFT	D	0.53%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
GILD	C	0.53%
TXN	C	0.53%
PRU	A	0.53%
PAYX	B	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	C	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	C	0.52%
LNT	A	0.52%
BMI	B	0.52%
ROP	B	0.52%
ABT	B	0.52%
NFG	A	0.52%
PG	C	0.52%
ATR	B	0.52%
PEG	A	0.52%
UPS	C	0.52%
HPQ	B	0.52%
EXPD	C	0.52%
XOM	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
WEC	A	0.52%
CME	B	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	C	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	F	0.51%
OXM	F	0.51%
MDT	D	0.51%
CTVA	C	0.5%
BDX	F	0.5%
JNJ	C	0.5%
DUK	C	0.5%
RTX	D	0.5%
POWI	F	0.5%
DVN	F	0.5%
FE	C	0.5%
GD	D	0.5%
ACN	B	0.5%
SNX	D	0.5%
PFG	D	0.5%
AEP	C	0.5%
RGLD	C	0.5%
BG	D	0.5%
D	C	0.5%
MTG	C	0.5%
SO	C	0.5%
AFL	B	0.5%
DOX	D	0.49%
CHE	D	0.49%
KMB	C	0.49%
BBY	D	0.49%
PPG	F	0.49%
SON	F	0.49%
FLO	D	0.49%
LIN	C	0.49%
JKHY	D	0.49%
EMN	C	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	F	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
ED	C	0.48%
PEP	F	0.48%
RPRX	D	0.48%
LEA	F	0.48%
WU	F	0.48%
SHOO	F	0.47%
AMCR	C	0.47%
LEN	D	0.47%
CI	D	0.47%
ADM	D	0.47%
KDP	F	0.46%
ABBV	F	0.46%
ASH	F	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
MRK	D	0.46%
IBM	C	0.46%
SWKS	F	0.45%
GPC	D	0.45%
KO	D	0.45%
DHR	F	0.45%
ESNT	F	0.45%
HUN	F	0.44%
MAN	F	0.44%
DOW	F	0.44%
PFE	F	0.44%
INSW	F	0.44%
PII	F	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	F	0.41%
HII	F	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 83 Positions Relative to FCOM

Symbol	Grade	Weight
META	D	-21.65%
GOOGL	C	-12.65%
GOOG	C	-9.85%
NFLX	A	-5.0%
DIS	B	-4.36%
TMUS	B	-3.35%
TTD	B	-1.8%
CHTR	C	-1.49%
TTWO	A	-1.37%
LYV	A	-1.34%
WBD	B	-1.27%
RBLX	C	-1.25%
NWSA	A	-0.85%
PINS	F	-0.84%
LBRDK	C	-0.81%
ROKU	D	-0.74%
TKO	A	-0.73%
SNAP	D	-0.71%
LUMN	C	-0.65%
MTCH	D	-0.63%
FYBR	C	-0.52%
PARA	C	-0.45%
EDR	A	-0.42%
NXST	C	-0.41%
IAC	F	-0.28%
CNK	C	-0.28%
MSGS	A	-0.27%
RDDT	A	-0.26%
IRDM	D	-0.25%
TDS	B	-0.25%
SATS	D	-0.24%
CARG	B	-0.24%
TGNA	B	-0.24%
ZI	D	-0.2%
ZD	B	-0.2%
YELP	C	-0.18%
MGNI	B	-0.16%
NPAB	F	-0.16%
SIRI	C	-0.15%
DJT	C	-0.15%
CABO	B	-0.14%
LBRDA	C	-0.12%
TRIP	F	-0.12%
GSAT	C	-0.11%
CARS	C	-0.1%
AMC	C	-0.1%
QNST	B	-0.09%
IMAX	B	-0.09%
VMEO	B	-0.08%
USM	B	-0.08%
MSGE	F	-0.08%
IDT	B	-0.07%
LGF.A	C	-0.07%
LILAK	D	-0.07%
STGW	A	-0.06%
GCI	D	-0.06%
SSTK	F	-0.06%
IAS	C	-0.06%
BMBL	C	-0.06%
TTGT	B	-0.06%
SHEN	F	-0.05%
PUBM	C	-0.05%
SCHL	F	-0.05%
ZIP	D	-0.05%
FUBO	D	-0.04%
EVER	D	-0.04%
IBTA	C	-0.04%
THRY	D	-0.04%
GOGO	C	-0.04%
ATUS	B	-0.04%
MCS	B	-0.04%
CNSL	C	-0.03%
BOC	C	-0.03%
ADV	D	-0.03%
ATEX	F	-0.03%
CCO	C	-0.03%
GTN	F	-0.03%
LGF.A	C	-0.03%
MAX	F	-0.03%
LILA	D	-0.02%
EB	C	-0.02%
AMCX	C	-0.02%
ANGI	F	-0.01%