PAVE vs. FMAT ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to Fidelity MSCI Materials Index ETF (FMAT)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$45.38

Average Daily Volume

1,110,201

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

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

Grade (RS Rating)

Last Trade

$54.01

Average Daily Volume

33,179

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	FMAT
30 Days	9.35%	0.02%
60 Days	11.83%	1.58%
90 Days	15.65%	3.81%
12 Months	45.99%	21.02%

24 Overlapping Holdings

Symbol	Grade	Weight in PAVE	Weight in FMAT	Overlap
AA	B	0.51%	0.68%	0.51%
ATI	D	0.5%	0.49%	0.49%
CENX	B	0.43%	0.08%	0.08%
CLF	F	0.4%	0.4%	0.4%
CMC	B	0.48%	0.48%	0.48%
CRS	A	0.59%	0.57%	0.57%
EXP	A	0.74%	0.73%	0.73%
HAYN	C	0.27%	0.05%	0.05%
KNF	A	0.37%	0.36%	0.36%
LPX	B	0.56%	0.51%	0.51%
MLM	B	2.73%	2.54%	2.54%
MTRN	C	0.23%	0.17%	0.17%
MTUS	C	0.17%	0.04%	0.04%
MTX	B	0.29%	0.18%	0.18%
NUE	C	1.98%	2.46%	1.98%
RPM	A	1.22%	1.23%	1.22%
RS	B	1.24%	1.25%	1.24%
RYI	C	0.17%	0.05%	0.05%
STLD	B	1.55%	1.44%	1.44%
SUM	B	0.4%	0.42%	0.4%
USLM	A	0.71%	0.11%	0.11%
VMC	B	2.62%	2.62%	2.62%
WLK	D	1.13%	0.34%	0.34%
X	C	0.56%	0.57%	0.56%

PAVE Overweight 74 Positions Relative to FMAT

Symbol	Grade	Weight
TT	A	3.76%
PH	A	3.45%
ETN	A	3.45%
URI	B	3.41%
PWR	A	3.28%
HWM	A	3.25%
EMR	A	3.13%
SRE	A	2.93%
FAST	B	2.74%
NSC	B	2.54%
CSX	B	2.37%
DE	A	2.36%
UNP	C	2.25%
ROK	B	2.19%
FTV	C	1.85%
HUBB	B	1.64%
EME	C	1.63%
BLDR	D	1.56%
CSL	C	1.53%
J	F	1.24%
PNR	A	1.22%
TRMB	B	1.22%
IEX	B	1.21%
GGG	B	1.05%
ACM	A	1.02%
POWL	C	0.89%
LECO	B	0.83%
RRX	B	0.8%
BLD	D	0.8%
AGX	B	0.79%
TTEK	F	0.76%
TPC	C	0.75%
MTZ	B	0.75%
WCC	B	0.74%
WWD	B	0.72%
AYI	B	0.71%
WMS	D	0.71%
MLI	C	0.71%
CR	A	0.69%
RBC	A	0.64%
STRL	B	0.59%
PRIM	A	0.56%
DXPE	B	0.5%
GVA	A	0.49%
ROAD	A	0.49%
VMI	B	0.49%
ZWS	B	0.47%
BMI	B	0.45%
CSWI	A	0.44%
HRI	B	0.43%
NWPX	A	0.43%
MWA	B	0.4%
DY	D	0.38%
EXPO	D	0.35%
ACA	A	0.35%
GBX	A	0.34%
TRN	C	0.34%
DNOW	B	0.34%
MRC	B	0.3%
GRC	A	0.29%
HEES	B	0.27%
TEX	D	0.25%
ASTE	B	0.25%
MYRG	B	0.25%
MDU	D	0.25%
CMCO	B	0.23%
ATKR	C	0.23%
CXT	B	0.22%
IIIN	C	0.21%
ROCK	C	0.21%
WNC	C	0.18%
CTOS	C	0.18%
CALX	D	0.16%
TITN	C	0.13%

PAVE Underweight 86 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	D	-15.3%
SHW	A	-6.57%
APD	A	-4.93%
ECL	D	-4.47%
FCX	D	-4.36%
NEM	D	-3.29%
CTVA	C	-2.81%
DD	D	-2.44%
DOW	F	-2.2%
PPG	F	-2.03%
SW	A	-1.84%
IFF	D	-1.6%
LYB	F	-1.51%
PKG	A	-1.49%
BALL	D	-1.35%
IP	B	-1.32%
AVY	D	-1.13%
CF	B	-1.1%
AMCR	D	-1.03%
ALB	C	-0.84%
EMN	D	-0.83%
ATR	B	-0.81%
CCK	C	-0.76%
RGLD	C	-0.65%
AXTA	A	-0.63%
GPK	C	-0.61%
MOS	F	-0.59%
CE	F	-0.57%
BERY	B	-0.53%
FMC	D	-0.49%
ESI	A	-0.46%
CBT	C	-0.42%
BCPC	B	-0.4%
SON	D	-0.35%
OLN	D	-0.35%
SEE	C	-0.35%
AVNT	B	-0.33%
SLGN	A	-0.32%
FUL	F	-0.29%
NEU	C	-0.27%
ASH	D	-0.26%
HCC	B	-0.24%
HL	D	-0.23%
HUN	F	-0.22%
SMG	D	-0.22%
SLVM	B	-0.21%
IOSP	B	-0.21%
SXT	B	-0.2%
ARCH	B	-0.2%
CC	C	-0.2%
AMR	C	-0.18%
KWR	C	-0.17%
HWKN	B	-0.17%
CDE	D	-0.17%
MP	B	-0.16%
OI	C	-0.14%
GEF	A	-0.12%
PRM	C	-0.12%
SCL	C	-0.12%
NGVT	B	-0.11%
WS	B	-0.1%
TROX	D	-0.09%
PCT	C	-0.09%
KALU	C	-0.09%
ASPN	F	-0.07%
TRS	B	-0.07%
OEC	C	-0.07%
SXC	A	-0.07%
KOP	C	-0.06%
ASIX	A	-0.06%
ECVT	C	-0.06%
MATV	D	-0.05%
GATO	D	-0.05%
IE	C	-0.05%
PTVE	B	-0.04%
METC	C	-0.03%
MYE	F	-0.03%
ZEUS	C	-0.03%
CMP	C	-0.03%
CLW	F	-0.03%
LXU	B	-0.03%
RDUS	C	-0.03%
MERC	F	-0.02%
KRO	D	-0.02%
PACK	B	-0.02%
GEF	A	-0.02%