SPMV vs. FSST ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to Fidelity Sustainability U.S. Equity ETF (FSST)

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$47.62

Average Daily Volume

711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FSST

Fidelity Sustainability U.S. Equity ETF

FSST Description

FSST mainly invests in US companies that the fund adviser believes to have proven or improving sustainability practices. Evaluation of the companies impact characteristics may involve corporate engagement and its alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. Their approach to sustainable investing not only considers ESG factors but fundamental ones as well, including financial conditions, industry positions, as well as market and economic conditions. Unlike other ETFs that disclose holdings on a daily basis, FSST publishes its full portfolio holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio and may include holdings from recent disclosures, other liquid ETFs as well as cash and cash equivalents in order to track the funds daily performance and facilitate arbitrage opportunities.

Grade (RS Rating)

Last Trade

$27.94

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	FSST
30 Days	1.14%	2.99%
60 Days	2.01%	4.26%
90 Days	4.46%	5.87%
12 Months	26.03%	32.59%

12 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in FSST	Overlap
AAPL	C	2.9%	7.52%	2.9%
ACN	C	0.31%	0.51%	0.31%
AMZN	C	3.04%	3.17%	3.04%
CRM	B	1.66%	2.3%	1.66%
GILD	C	0.09%	1.41%	0.09%
INTU	C	0.74%	0.76%	0.74%
MRK	F	2.46%	1.79%	1.79%
MSFT	F	2.76%	6.22%	2.76%
NEE	D	1.63%	1.57%	1.57%
NVDA	C	3.53%	6.17%	3.53%
PG	A	2.81%	2.98%	2.81%
ZTS	D	1.66%	0.84%	0.84%

SPMV Overweight 63 Positions Relative to FSST

Symbol	Grade	Weight
GEV	B	3.69%
TMUS	B	3.37%
CSCO	B	3.31%
AON	A	3.14%
BRK.A	B	2.95%
ABT	B	2.84%
MMC	B	2.77%
AJG	B	2.7%
QCOM	F	2.64%
CB	C	2.56%
MDLZ	F	2.46%
HD	A	2.25%
VRTX	F	2.25%
ORCL	B	2.23%
AVGO	D	2.03%
ADBE	C	2.01%
AMT	D	1.83%
NOW	A	1.77%
VRSK	A	1.7%
PGR	A	1.65%
SRE	A	1.56%
GIS	D	1.47%
DUK	C	1.34%
JNJ	D	1.2%
REGN	F	1.07%
HSY	F	1.03%
AEE	A	1.02%
TRV	B	1.0%
PFE	D	0.99%
VZ	C	0.97%
TDY	B	0.96%
AEP	D	0.95%
BRO	B	0.81%
MKC	D	0.78%
CCI	D	0.7%
XOM	B	0.69%
RTX	C	0.66%
LLY	F	0.63%
JPM	A	0.62%
IBM	C	0.56%
GOOG	C	0.55%
RSG	A	0.55%
TJX	A	0.5%
NEM	D	0.47%
SO	D	0.47%
ELV	F	0.45%
TSN	B	0.42%
HRL	D	0.38%
IDXX	F	0.37%
AMGN	D	0.32%
META	D	0.32%
BIIB	F	0.3%
T	A	0.29%
KHC	F	0.28%
ADM	D	0.26%
AIG	B	0.25%
PCG	A	0.24%
ACGL	D	0.22%
CVS	D	0.22%
XEL	A	0.2%
TRMB	B	0.1%
GD	F	0.06%
BA	F	0.05%

SPMV Underweight 54 Positions Relative to FSST

Symbol	Grade	Weight
GOOGL	C	-3.43%
MCO	B	-2.6%
CI	F	-2.51%
AXP	A	-2.28%
DIS	B	-2.24%
MA	C	-2.15%
LIN	D	-2.1%
LOW	D	-1.99%
BLK	C	-1.9%
BKR	B	-1.76%
ON	D	-1.66%
KBR	F	-1.61%
PLD	D	-1.53%
DHR	F	-1.46%
AVY	D	-1.32%
HLT	A	-1.24%
JCI	C	-1.24%
TSLA	B	-1.22%
CNC	D	-1.13%
TMHC	B	-1.09%
AYI	B	-1.07%
DE	A	-1.06%
CCK	C	-1.06%
ICLR	D	-1.05%
CMCSA	B	-1.03%
EL	F	-0.99%
NFLX	A	-0.97%
LNG	B	-0.96%
UPS	C	-0.91%
RRX	B	-0.83%
PSA	D	-0.82%
TGNA	B	-0.79%
VLTO	D	-0.78%
IR	B	-0.77%
C	A	-0.77%
FSLR	F	-0.73%
CDW	F	-0.73%
SBUX	A	-0.71%
DELL	C	-0.71%
MAN	D	-0.68%
GEN	B	-0.65%
BAC	A	-0.64%
DFS	B	-0.64%
CWEN	C	-0.62%
AMD	F	-0.6%
GNRC	B	-0.59%
PHM	D	-0.55%
NTRS	A	-0.55%
HIG	B	-0.52%
EXAS	D	-0.51%
TKR	D	-0.5%
NXPI	D	-0.47%
MRNA	F	-0.31%
ESNT	D	-0.26%