RVRB vs. FDMO ETF Comparison

Comparison of Reverb ETF (RVRB) to Fidelity Momentum Factor ETF (FDMO)

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

212

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	RVRB	FDMO
30 Days	3.12%	6.00%
60 Days	5.02%	8.27%
90 Days	7.06%	10.44%
12 Months	31.49%	42.98%

92 Overlapping Holdings

Symbol	Grade	Weight in RVRB	Weight in FDMO	Overlap
AAPL	C	5.64%	6.8%	5.64%
ABBV	D	0.52%	1.08%	0.52%
AEP	D	0.09%	0.28%	0.09%
AMZN	C	4.4%	3.76%	3.76%
ANET	C	0.22%	0.82%	0.22%
APP	B	0.16%	1.27%	0.16%
AVGO	D	1.32%	2.03%	1.32%
AXP	A	0.37%	0.9%	0.37%
BAC	A	0.6%	1.21%	0.6%
BK	A	0.1%	0.7%	0.1%
BKNG	A	0.32%	0.66%	0.32%
BRK.A	B	1.65%	2.14%	1.65%
BSX	B	0.24%	0.95%	0.24%
CARR	D	0.12%	0.51%	0.12%
CAT	B	0.35%	0.73%	0.35%
CBRE	B	0.07%	0.21%	0.07%
CEG	D	0.13%	0.29%	0.13%
CL	D	0.13%	0.33%	0.13%
COIN	C	0.13%	1.09%	0.13%
COST	B	0.77%	0.92%	0.77%
CTAS	B	0.17%	0.54%	0.17%
CVNA	B	0.03%	0.38%	0.03%
CVX	A	0.52%	0.67%	0.52%
DHR	F	0.31%	0.92%	0.31%
DLR	B	0.1%	0.24%	0.1%
DUK	C	0.15%	0.35%	0.15%
EBAY	D	0.06%	0.42%	0.06%
ECL	D	0.13%	0.23%	0.13%
EQR	B	0.05%	0.19%	0.05%
ESS	B	0.02%	0.18%	0.02%
EXR	D	0.06%	0.2%	0.06%
FICO	B	0.15%	0.86%	0.15%
FIS	C	0.09%	0.65%	0.09%
GDDY	A	0.05%	0.78%	0.05%
GE	D	0.34%	0.74%	0.34%
GM	B	0.11%	0.5%	0.11%
GOOGL	C	4.05%	3.54%	3.54%
GS	A	0.34%	0.99%	0.34%
HCA	F	0.15%	0.78%	0.15%
HD	A	0.75%	1.08%	0.75%
HIG	B	0.06%	0.67%	0.06%
HOOD	B	0.02%	0.83%	0.02%
HWM	A	0.08%	0.52%	0.08%
IFF	D	0.04%	0.15%	0.04%
IRM	D	0.06%	0.19%	0.06%
ISRG	A	0.34%	1.06%	0.34%
JPM	A	1.18%	1.88%	1.18%
KKR	A	0.24%	0.8%	0.24%
KMB	D	0.08%	0.28%	0.08%
KMI	A	0.11%	0.28%	0.11%
KO	D	0.5%	0.61%	0.5%
LDOS	C	0.04%	0.38%	0.04%
LIN	D	0.38%	0.51%	0.38%
LLY	F	1.31%	1.68%	1.31%
META	D	2.4%	2.39%	2.39%
MO	A	0.17%	0.37%	0.17%
MPWR	F	0.04%	0.56%	0.04%
MSFT	F	6.29%	6.21%	6.21%
MSI	B	0.16%	0.88%	0.16%
NEE	D	0.27%	0.47%	0.27%
NEM	D	0.08%	0.2%	0.08%
NFLX	A	0.64%	0.88%	0.64%
NRG	B	0.02%	0.24%	0.02%
NVDA	C	6.15%	6.97%	6.15%
PEG	A	0.08%	0.28%	0.08%
PG	A	0.69%	0.92%	0.69%
PGR	A	0.26%	0.87%	0.26%
PKG	A	0.02%	0.16%	0.02%
PLTR	B	0.24%	1.3%	0.24%
PM	B	0.35%	0.55%	0.35%
PSA	D	0.11%	0.24%	0.11%
RCL	A	0.1%	0.48%	0.1%
RTX	C	0.27%	0.66%	0.27%
SHW	A	0.17%	0.29%	0.17%
SPG	B	0.1%	0.25%	0.1%
SW	A	0.02%	0.17%	0.02%
T	A	0.28%	0.52%	0.28%
TDG	D	0.16%	0.5%	0.16%
TJX	A	0.25%	0.61%	0.25%
TMUS	B	0.46%	0.45%	0.45%
TRGP	B	0.07%	0.27%	0.07%
TSLA	B	1.62%	2.03%	1.62%
TT	A	0.16%	0.59%	0.16%
TTD	B	0.1%	0.32%	0.1%
UBER	D	0.26%	0.67%	0.26%
URI	B	0.11%	0.5%	0.11%
VRT	B	0.08%	0.51%	0.08%
VST	B	0.09%	0.31%	0.09%
WELL	A	0.15%	0.28%	0.15%
WMB	A	0.12%	0.3%	0.12%
WMT	A	1.23%	0.86%	0.86%
XOM	B	0.9%	1.12%	0.9%

RVRB Overweight 418 Positions Relative to FDMO

Symbol	Grade	Weight
V	A	1.19%
UNH	C	0.95%
ORCL	B	0.9%
MA	C	0.87%
CRM	B	0.55%
JNJ	D	0.46%
WFC	A	0.45%
ADBE	C	0.41%
CSCO	B	0.41%
NOW	A	0.4%
AMD	F	0.39%
PEP	F	0.39%
ACN	C	0.39%
MS	A	0.38%
INTU	C	0.36%
MCD	D	0.36%
ABT	B	0.35%
MRK	F	0.35%
TMO	F	0.34%
DIS	B	0.34%
TXN	C	0.33%
IBM	C	0.33%
QCOM	F	0.32%
CMCSA	B	0.3%
VZ	C	0.29%
SPGI	C	0.29%
LOW	D	0.28%
AMGN	D	0.28%
BLK	C	0.27%
AMAT	F	0.27%
ETN	A	0.26%
UNP	C	0.26%
SYK	C	0.25%
PFE	D	0.25%
LMT	D	0.24%
SHOP	B	0.24%
C	A	0.23%
PANW	C	0.23%
FI	A	0.23%
COP	C	0.23%
BX	A	0.23%
VRTX	F	0.22%
BMY	B	0.21%
HON	B	0.21%
ADP	B	0.21%
NKE	D	0.21%
UPS	C	0.2%
MU	D	0.2%
MDT	D	0.2%
MMC	B	0.2%
SCHW	B	0.2%
GILD	C	0.2%
CB	C	0.2%
DE	A	0.2%
ADI	D	0.19%
SBUX	A	0.19%
LRCX	F	0.19%
PH	A	0.18%
PLD	D	0.18%
INTC	D	0.18%
KLAC	D	0.17%
CI	F	0.17%
GEV	B	0.17%
APO	B	0.17%
SO	D	0.17%
EQIX	A	0.17%
TD	F	0.17%
CDNS	B	0.16%
WM	A	0.16%
MCK	B	0.16%
ELV	F	0.16%
ORLY	B	0.16%
APH	A	0.16%
PYPL	B	0.16%
MDLZ	F	0.16%
ICE	C	0.16%
CMG	B	0.16%
AMT	D	0.16%
DELL	C	0.16%
ZTS	D	0.15%
PNC	B	0.15%
ABNB	C	0.15%
REGN	F	0.15%
SPOT	B	0.15%
MCO	B	0.15%
CRWD	B	0.15%
USB	A	0.14%
ITW	B	0.14%
EOG	A	0.14%
MRVL	B	0.14%
SNPS	B	0.14%
BA	F	0.14%
SCCO	F	0.14%
MAR	B	0.14%
AON	A	0.14%
CSX	B	0.13%
MMM	D	0.13%
TGT	F	0.13%
NOC	D	0.13%
FDX	B	0.13%
NU	C	0.13%
EMR	A	0.13%
FTNT	C	0.13%
BDX	F	0.12%
COF	B	0.12%
ADSK	A	0.12%
CVS	D	0.12%
MELI	D	0.12%
EPD	A	0.12%
RSG	A	0.12%
APD	A	0.12%
WDAY	B	0.12%
DASH	A	0.12%
MET	A	0.11%
TFC	A	0.11%
AMP	A	0.11%
ROP	B	0.11%
PCAR	B	0.11%
TEAM	A	0.11%
HLT	A	0.11%
AFL	B	0.11%
AJG	B	0.11%
FCX	D	0.11%
TRV	B	0.1%
CPRT	A	0.1%
PCG	A	0.1%
PSX	C	0.1%
MNST	C	0.1%
NXPI	D	0.1%
CHTR	C	0.1%
NSC	B	0.1%
JCI	C	0.1%
SRE	A	0.1%
ET	A	0.1%
FLUT	A	0.09%
ODFL	B	0.09%
MPLX	A	0.09%
AME	A	0.09%
AIG	B	0.09%
ALL	A	0.09%
O	D	0.09%
SQ	B	0.09%
MPC	D	0.09%
CMI	A	0.09%
PAYX	C	0.09%
DHI	D	0.09%
GWW	B	0.08%
MLM	B	0.08%
KR	B	0.08%
BKR	B	0.08%
STZ	D	0.08%
MSCI	C	0.08%
DFS	B	0.08%
COR	B	0.08%
F	C	0.08%
KDP	D	0.08%
CCI	D	0.08%
MTD	D	0.08%
LHX	C	0.08%
CPNG	D	0.08%
NDAQ	A	0.08%
PRU	A	0.08%
VLO	C	0.08%
LNG	B	0.08%
KVUE	A	0.08%
ROST	C	0.08%
LEN	D	0.08%
WCN	A	0.08%
D	C	0.08%
PWR	A	0.08%
HES	B	0.08%
DDOG	A	0.08%
FAST	B	0.08%
OXY	D	0.08%
IQV	D	0.07%
LVS	C	0.07%
CCEP	C	0.07%
NUE	C	0.07%
ALNY	D	0.07%
A	D	0.07%
KHC	F	0.07%
SYY	B	0.07%
GRMN	B	0.07%
MTB	A	0.07%
EXC	C	0.07%
HSY	F	0.07%
IT	C	0.07%
GEHC	F	0.07%
CTVA	C	0.07%
YUM	B	0.07%
STLA	F	0.07%
OTIS	C	0.07%
XEL	A	0.07%
EW	C	0.07%
GLW	B	0.07%
CTSH	B	0.07%
VMC	B	0.07%
IR	B	0.07%
VRSK	A	0.07%
EA	A	0.07%
SNOW	C	0.07%
DAL	C	0.07%
ROK	B	0.06%
PPG	F	0.06%
WEC	A	0.06%
CCL	B	0.06%
BRO	B	0.06%
CNC	D	0.06%
ETR	B	0.06%
DOW	F	0.06%
LYV	A	0.06%
TTWO	A	0.06%
VICI	C	0.06%
AVB	B	0.06%
FANG	D	0.06%
VEEV	C	0.06%
NET	B	0.06%
RMD	C	0.06%
WTW	B	0.06%
RBLX	C	0.06%
ED	D	0.06%
RJF	A	0.06%
GIS	D	0.06%
WAB	B	0.06%
MCHP	D	0.06%
HPQ	B	0.06%
LULU	C	0.06%
DD	D	0.06%
NTAP	C	0.05%
DVN	F	0.05%
DTE	C	0.05%
AEE	A	0.05%
TROW	B	0.05%
VLTO	D	0.05%
CDW	F	0.05%
K	A	0.05%
EXPE	B	0.05%
CPAY	A	0.05%
LYB	F	0.05%
ZM	B	0.05%
HAL	C	0.05%
STT	A	0.05%
WAT	B	0.05%
CHD	B	0.05%
FTV	C	0.05%
KEYS	A	0.05%
TW	A	0.05%
PHM	D	0.05%
EFX	F	0.05%
HPE	B	0.05%
ON	D	0.05%
DOV	A	0.05%
GPN	B	0.05%
IOT	A	0.05%
DXCM	D	0.05%
CSGP	D	0.05%
GOLD	D	0.05%
TSCO	D	0.05%
ZS	C	0.05%
ARES	A	0.05%
IDXX	F	0.05%
CAH	B	0.05%
HUM	C	0.05%
XYL	D	0.05%
HEI	B	0.05%
BBY	D	0.04%
LUV	C	0.04%
STLD	B	0.04%
VRSN	F	0.04%
JBHT	C	0.04%
BALL	D	0.04%
CFG	B	0.04%
J	F	0.04%
WDC	D	0.04%
ILMN	D	0.04%
INVH	D	0.04%
AER	B	0.04%
PTC	A	0.04%
FOX	A	0.04%
ATO	A	0.04%
MDB	C	0.04%
STX	D	0.04%
FSLR	F	0.04%
CINF	A	0.04%
MKC	D	0.04%
PFG	D	0.04%
AXON	A	0.04%
MOH	F	0.04%
TYL	B	0.04%
ES	D	0.04%
WY	D	0.04%
BAH	F	0.04%
NTRS	A	0.04%
TSN	B	0.04%
GFS	C	0.04%
EL	F	0.04%
STM	F	0.04%
ZBH	C	0.04%
FE	C	0.04%
SBAC	D	0.04%
BIIB	F	0.04%
AWK	D	0.04%
STE	F	0.04%
PHG	D	0.04%
WST	C	0.04%
CQP	B	0.04%
WBD	C	0.04%
ANSS	B	0.04%
BR	A	0.04%
ADM	D	0.04%
RF	A	0.04%
HUBS	A	0.04%
PPL	B	0.04%
VTR	C	0.04%
HBAN	A	0.04%
ROL	B	0.04%
DKS	C	0.03%
MRNA	F	0.03%
AVY	D	0.03%
ICLR	D	0.03%
AVTR	F	0.03%
ERIE	D	0.03%
TXT	D	0.03%
HUBB	B	0.03%
ALGN	D	0.03%
BAX	D	0.03%
CSL	C	0.03%
UAL	A	0.03%
HRL	D	0.03%
DG	F	0.03%
DGX	A	0.03%
MAA	B	0.03%
MAS	D	0.03%
TDY	B	0.03%
CRBG	B	0.03%
GPC	D	0.03%
FDS	B	0.03%
L	A	0.03%
CLX	B	0.03%
DRI	B	0.03%
WLK	D	0.03%
OMC	C	0.03%
WSO	A	0.03%
PINS	D	0.03%
TER	D	0.03%
CHKP	D	0.03%
CTRA	B	0.03%
DKNG	B	0.03%
MT	B	0.03%
CMS	C	0.03%
CNP	B	0.03%
ARE	D	0.03%
HOLX	D	0.03%
BLDR	D	0.03%
YUMC	C	0.02%
LH	C	0.02%
WRB	A	0.02%
SNAP	C	0.02%
KEY	B	0.02%
EQT	B	0.02%
CF	B	0.02%
JBL	B	0.02%
CHWY	B	0.02%
PODD	C	0.02%
WSM	B	0.02%
BURL	A	0.02%
IP	B	0.02%
RS	B	0.02%
LPLA	A	0.02%
DLTR	F	0.02%
SMCI	F	0.02%
EXPD	D	0.02%
EG	C	0.02%
SUI	D	0.02%
AMCR	D	0.02%
APTV	D	0.02%
ULTA	F	0.02%
CELH	F	0.01%
IEP	F	0.01%
ETSY	D	0.01%
MOS	F	0.01%
WBA	F	0.01%
SJM	D	0.01%
FMC	D	0.01%
U	C	0.01%
ENPH	F	0.01%
AAL	B	0.01%
AES	F	0.01%
SIRI	C	0.01%
RIVN	F	0.01%
CE	F	0.01%
MGM	D	0.01%
EXAS	D	0.01%
RPRX	D	0.01%
OKTA	C	0.01%
LKQ	D	0.01%
LW	C	0.01%
WPC	D	0.01%
SWKS	F	0.01%
BG	F	0.01%
AKAM	D	0.01%
CPB	D	0.01%
AGR	B	0.01%
CNH	C	0.01%
CAG	D	0.01%
BSY	D	0.01%
BMRN	D	0.01%
ALB	C	0.01%
TRMB	B	0.01%
DT	C	0.01%
PAYC	B	0.01%
IEX	B	0.01%
MRO	B	0.01%
RVTY	F	0.01%
INCY	C	0.01%
WMG	C	0.01%
FTRE	D	0.0%
LCID	F	0.0%

RVRB Underweight 30 Positions Relative to FDMO

Symbol	Grade	Weight
NTRA	B	-0.87%
QTWO	A	-0.78%
CVLT	B	-0.74%
GKOS	B	-0.74%
RVMD	C	-0.73%
SYF	B	-0.72%
THC	D	-0.72%
RNA	D	-0.7%
EVR	B	-0.67%
JXN	C	-0.59%
FIX	A	-0.47%
EME	C	-0.47%
MLI	C	-0.44%
ZETA	D	-0.43%
DY	D	-0.42%
TRU	D	-0.4%
SN	D	-0.39%
LUMN	C	-0.32%
OKE	A	-0.3%
FRPT	B	-0.24%
TPL	A	-0.24%
SFM	A	-0.24%
DTM	B	-0.2%
FTI	A	-0.19%
JLL	D	-0.16%
CRS	A	-0.16%
SLG	B	-0.15%
VNO	B	-0.15%
LPX	B	-0.15%
ATI	D	-0.14%