PFIX vs. FELC ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Fidelity Enhanced Large Cap Core ETF (FELC)

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.22

Average Daily Volume

80,893

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FELC
30 Days	1.63%	3.27%
60 Days	26.27%	5.09%
90 Days	22.86%	6.09%
12 Months	7.42%	33.74%

30 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FELC	Overlap
ADP	B	0.79%	0.2%	0.2%
AVGO	D	3.86%	1.72%	1.72%
BAC	A	1.73%	1.2%	1.2%
BK	A	0.29%	0.11%	0.11%
C	A	0.77%	0.02%	0.02%
CMCSA	B	1.29%	0.86%	0.86%
CSCO	B	1.48%	0.66%	0.66%
CVS	D	0.76%	0.25%	0.25%
CVX	A	2.06%	0.01%	0.01%
GILD	C	0.66%	0.74%	0.66%
GRMN	B	0.13%	0.22%	0.13%
JNJ	D	2.83%	0.74%	0.74%
JPM	A	3.9%	1.94%	1.94%
KR	B	0.26%	0.03%	0.03%
LHX	C	0.29%	0.21%	0.21%
LMT	D	0.82%	0.71%	0.71%
MMC	B	0.75%	0.29%	0.29%
MS	A	0.81%	0.31%	0.31%
NSC	B	0.42%	0.38%	0.38%
NUE	C	0.32%	0.2%	0.2%
PCAR	B	0.42%	0.52%	0.42%
PG	A	2.82%	0.72%	0.72%
PNC	B	0.43%	0.12%	0.12%
QCOM	F	1.27%	0.88%	0.88%
RSG	A	0.28%	0.24%	0.24%
SWKS	F	0.12%	0.03%	0.03%
TROW	B	0.17%	0.31%	0.17%
TRV	B	0.38%	0.43%	0.38%
VZ	C	1.26%	0.06%	0.06%
XOM	B	3.19%	1.56%	1.56%

PFIX Overweight 78 Positions Relative to FELC

Symbol	Grade	Weight
TM	D	1.97%
NVS	D	1.56%
HSBH	B	1.23%
TXN	C	1.13%
COP	C	1.01%
PLD	D	0.91%
BLK	C	0.87%
TD	F	0.83%
ETN	A	0.82%
UPS	C	0.81%
MDLZ	F	0.76%
SO	D	0.55%
GD	F	0.46%
USB	A	0.45%
HMC	F	0.45%
PSX	C	0.45%
STLA	F	0.43%
APD	A	0.37%
VLO	C	0.36%
AIG	B	0.34%
SRE	A	0.33%
MET	A	0.32%
OKE	A	0.31%
AEP	D	0.31%
PAYX	C	0.3%
JCI	C	0.29%
CMI	A	0.28%
GIS	D	0.28%
EXC	C	0.27%
E	F	0.26%
XEL	A	0.25%
PEG	A	0.23%
FANG	D	0.23%
HSY	F	0.22%
DFS	B	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	C	0.22%
AVB	B	0.19%
EIX	B	0.19%
WEC	A	0.18%
DTE	C	0.17%
STT	A	0.16%
FITB	A	0.16%
ES	D	0.15%
MTB	A	0.15%
PFG	D	0.14%
GPC	D	0.14%
DRI	B	0.14%
AEE	A	0.14%
ETR	B	0.14%
HBAN	A	0.13%
OMC	C	0.13%
HPE	B	0.13%
CMS	C	0.12%
RF	A	0.12%
SYF	B	0.12%
HST	C	0.11%
NTRS	A	0.11%
VTRS	A	0.11%
ATO	A	0.11%
CINF	A	0.11%
FNF	B	0.1%
SNA	A	0.1%
CCEP	C	0.1%
PKG	A	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	D	0.09%
EG	C	0.09%
CAG	D	0.09%
NI	A	0.08%
LNT	A	0.08%
MOS	F	0.07%
EVRG	A	0.07%
CHRW	C	0.06%
CPB	D	0.06%
FRO	F	0.02%

PFIX Underweight 140 Positions Relative to FELC

Symbol	Grade	Weight
NVDA	C	-7.39%
AAPL	C	-7.38%
MSFT	F	-5.68%
AMZN	C	-3.93%
META	D	-2.89%
BRK.A	B	-2.25%
GOOGL	C	-2.05%
GOOG	C	-1.9%
MA	C	-1.36%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	A	-1.29%
CRM	B	-1.15%
WMT	A	-1.14%
ABBV	D	-1.02%
MRK	F	-0.99%
PM	B	-0.94%
ADBE	C	-0.94%
NEE	D	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
BMY	B	-0.75%
PGR	A	-0.74%
T	A	-0.73%
RTX	C	-0.7%
CTAS	B	-0.69%
AMAT	F	-0.68%
MU	D	-0.66%
DIS	B	-0.65%
ECL	D	-0.63%
KLAC	D	-0.63%
CI	F	-0.63%
BDX	F	-0.62%
NOC	D	-0.6%
TJX	A	-0.59%
SPG	B	-0.59%
SQ	B	-0.58%
UNH	C	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
CVNA	B	-0.55%
NOW	A	-0.55%
EOG	A	-0.54%
CSX	B	-0.54%
DVN	F	-0.53%
TXT	D	-0.52%
DBX	B	-0.52%
TT	A	-0.52%
ZM	B	-0.51%
MSI	B	-0.5%
CME	A	-0.5%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
LRCX	F	-0.44%
ANF	C	-0.42%
PFE	D	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
SSNC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
CMG	B	-0.35%
PYPL	B	-0.34%
MSCI	C	-0.33%
TMO	F	-0.33%
ALLE	D	-0.33%
AMGN	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
TMUS	B	-0.31%
COST	B	-0.31%
CAH	B	-0.31%
AXP	A	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
INCY	C	-0.28%
CCL	B	-0.26%
LDOS	C	-0.24%
AMT	D	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
IDXX	F	-0.22%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ALRM	C	-0.2%
OXY	D	-0.19%
DASH	A	-0.18%
WDAY	B	-0.16%
FTNT	C	-0.15%
GS	A	-0.15%
ED	D	-0.15%
UBER	D	-0.14%
WTW	B	-0.14%
MMM	D	-0.13%
BKNG	A	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
VST	B	-0.12%
QRVO	F	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	B	-0.11%
ANET	C	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
BIIB	F	-0.1%
PEGA	A	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
VEEV	C	-0.08%
MKL	A	-0.08%
FR	C	-0.08%
ZBRA	B	-0.06%
MCK	B	-0.06%
DHI	D	-0.06%
STLD	B	-0.06%
ORCL	B	-0.05%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	C	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
A	D	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
DOCU	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%