SPMO vs. FBUF ETF Comparison

Comparison of PowerShares S&P 500 Momentum Portfolio (SPMO) to Fidelity Dynamic Buffered Equity ETF (FBUF)

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

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

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	SPMO	FBUF
30 Days	2.84%	3.10%
60 Days	5.10%	4.70%
90 Days	6.74%	6.08%
12 Months	54.82%

34 Overlapping Holdings

Symbol	Grade	Weight in SPMO	Weight in FBUF	Overlap
AMGN	D	1.04%	0.25%	0.25%
AMZN	C	9.74%	3.84%	3.84%
ANET	C	0.92%	0.06%	0.06%
AVGO	D	5.46%	1.62%	1.62%
AXP	A	1.39%	0.43%	0.43%
BK	A	0.54%	0.12%	0.12%
BRK.A	B	6.07%	2.2%	2.2%
C	A	0.89%	0.72%	0.72%
CL	D	0.62%	0.55%	0.55%
CMG	B	0.47%	0.47%	0.47%
COST	B	3.79%	0.3%	0.3%
CTAS	B	0.72%	0.65%	0.65%
ECL	D	0.33%	0.63%	0.33%
GE	D	2.09%	0.48%	0.48%
GRMN	B	0.29%	0.44%	0.29%
HWM	A	0.44%	0.38%	0.38%
JPM	A	5.38%	1.93%	1.93%
KLAC	D	0.53%	0.61%	0.53%
LDOS	C	0.21%	0.31%	0.21%
LLY	F	5.19%	0.76%	0.76%
META	D	6.24%	2.89%	2.89%
MSI	B	0.67%	0.43%	0.43%
NRG	B	0.23%	0.09%	0.09%
NVDA	C	10.2%	7.37%	7.37%
PGR	A	1.61%	0.67%	0.67%
RSG	A	0.33%	0.23%	0.23%
RTX	C	1.01%	0.28%	0.28%
T	A	1.15%	0.71%	0.71%
TJX	A	0.99%	0.72%	0.72%
TMUS	B	0.99%	0.28%	0.28%
TT	A	0.85%	0.68%	0.68%
VST	B	0.59%	0.14%	0.14%
WM	A	0.44%	0.41%	0.41%
WMT	A	2.39%	0.82%	0.82%

SPMO Overweight 64 Positions Relative to FBUF

Symbol	Grade	Weight
GS	A	1.47%
IBM	C	1.27%
KKR	A	1.23%
BSX	B	0.98%
ETN	A	0.96%
CB	C	0.84%
MCK	B	0.81%
FI	A	0.78%
VRTX	F	0.77%
REGN	F	0.72%
ICE	C	0.65%
APH	A	0.65%
CEG	D	0.58%
WELL	A	0.57%
FICO	B	0.57%
TDG	D	0.56%
GD	F	0.55%
PH	A	0.52%
TRGP	B	0.47%
ALL	A	0.46%
WMB	A	0.45%
AJG	B	0.44%
HLT	A	0.43%
AFL	B	0.38%
HIG	B	0.38%
OKE	A	0.38%
IRM	D	0.37%
URI	B	0.36%
IR	B	0.34%
PRU	A	0.33%
AIG	B	0.33%
GWW	B	0.32%
KMI	A	0.32%
GDDY	A	0.31%
AXON	A	0.3%
PSX	C	0.3%
RCL	A	0.28%
MPC	D	0.27%
PEG	A	0.27%
COR	B	0.26%
IT	C	0.24%
FANG	D	0.22%
WAB	B	0.22%
VLTO	D	0.21%
BRO	B	0.21%
NDAQ	A	0.21%
FITB	A	0.2%
WTW	B	0.2%
NTAP	C	0.19%
MLM	B	0.19%
PHM	D	0.18%
SYF	B	0.17%
DECK	A	0.17%
TYL	B	0.16%
NVR	D	0.15%
STX	D	0.15%
BR	A	0.15%
PKG	A	0.14%
CBOE	B	0.13%
WRB	A	0.12%
L	A	0.11%
UHS	D	0.09%
NWSA	B	0.07%
NWS	B	0.02%

SPMO Underweight 121 Positions Relative to FBUF

Symbol	Grade	Weight
AAPL	C	-7.34%
MSFT	F	-5.66%
GOOGL	C	-2.04%
GOOG	C	-1.89%
XOM	B	-1.56%
MA	C	-1.36%
HD	A	-1.32%
NFLX	A	-1.28%
TSLA	B	-1.27%
BAC	A	-1.18%
CRM	B	-1.16%
MRK	F	-0.96%
PM	B	-0.94%
ADBE	C	-0.94%
ABBV	D	-0.91%
QCOM	F	-0.85%
CMCSA	B	-0.84%
NEE	D	-0.82%
CSCO	B	-0.8%
PG	A	-0.8%
SCHW	B	-0.79%
UNP	C	-0.75%
BMY	B	-0.74%
GILD	C	-0.74%
JNJ	D	-0.73%
PYPL	B	-0.72%
LMT	D	-0.71%
AMAT	F	-0.67%
V	A	-0.65%
DIS	B	-0.65%
CI	F	-0.63%
ABT	B	-0.63%
SQ	B	-0.6%
NOC	D	-0.6%
BDX	F	-0.58%
UNH	C	-0.57%
SEIC	B	-0.54%
MMC	B	-0.53%
ZM	B	-0.53%
CAT	B	-0.53%
DBX	B	-0.52%
ZBRA	B	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
MU	D	-0.5%
NOW	A	-0.5%
TXT	D	-0.5%
CSX	B	-0.49%
EOG	A	-0.48%
IGT	F	-0.46%
CME	A	-0.44%
SPG	B	-0.44%
EXEL	B	-0.43%
PFE	D	-0.41%
TMO	F	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	C	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	F	-0.34%
INCY	C	-0.34%
F	C	-0.33%
SKYW	B	-0.31%
CAH	B	-0.31%
MEDP	D	-0.28%
TROW	B	-0.28%
WFC	A	-0.28%
TRV	B	-0.26%
ADP	B	-0.26%
MSCI	C	-0.26%
UBER	D	-0.24%
SYK	C	-0.24%
LRCX	F	-0.24%
CVS	D	-0.23%
MGM	D	-0.23%
AMT	D	-0.21%
LHX	C	-0.21%
SPGI	C	-0.21%
GAP	C	-0.21%
BIIB	F	-0.21%
FTNT	C	-0.2%
PEP	F	-0.19%
MMM	D	-0.19%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
PSA	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
OXY	D	-0.15%
IDXX	F	-0.15%
CLX	B	-0.14%
ITW	B	-0.14%
GL	B	-0.13%
GEN	B	-0.13%
KR	B	-0.12%
INTU	C	-0.12%
AON	A	-0.12%
NSC	B	-0.11%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
AME	A	-0.09%
TWLO	A	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
CRUS	D	-0.07%
QRVO	F	-0.06%
NBIX	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
CVX	A	-0.02%
PEGA	A	-0.02%