SPYV vs. FBUF ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to Fidelity Dynamic Buffered Equity ETF (FBUF)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* 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	SPYV	FBUF
30 Days	2.77%	3.10%
60 Days	4.01%	4.70%
90 Days	6.06%	6.08%
12 Months	26.94%

99 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in FBUF	Overlap
ABBV	D	0.88%	0.91%	0.88%
ABT	B	0.94%	0.63%	0.63%
ADP	B	0.35%	0.26%	0.26%
ALLE	D	0.04%	0.38%	0.04%
AME	A	0.11%	0.09%	0.09%
AMGN	D	0.75%	0.25%	0.25%
AMT	D	0.25%	0.21%	0.21%
AON	A	0.19%	0.12%	0.12%
AXP	A	0.23%	0.43%	0.23%
BAC	A	1.45%	1.18%	1.18%
BDX	F	0.31%	0.58%	0.31%
BIIB	F	0.11%	0.21%	0.11%
BK	A	0.27%	0.12%	0.12%
BMY	B	0.56%	0.74%	0.56%
BRK.A	B	4.01%	2.2%	2.2%
C	A	0.61%	0.72%	0.61%
CAH	B	0.14%	0.31%	0.14%
CAT	B	0.37%	0.53%	0.37%
CI	F	0.42%	0.63%	0.42%
CINF	A	0.11%	0.07%	0.07%
CL	D	0.21%	0.55%	0.21%
CLX	B	0.1%	0.14%	0.1%
CMCSA	B	0.79%	0.84%	0.79%
CME	A	0.24%	0.44%	0.24%
COST	B	1.11%	0.3%	0.3%
CSCO	B	1.09%	0.8%	0.8%
CSX	B	0.16%	0.49%	0.16%
CTAS	B	0.16%	0.65%	0.16%
CVS	D	0.32%	0.23%	0.23%
CVX	A	1.29%	0.02%	0.02%
DIS	B	0.93%	0.65%	0.65%
DVN	F	0.12%	0.52%	0.12%
ECL	D	0.14%	0.63%	0.14%
ED	D	0.15%	0.1%	0.1%
EOG	A	0.12%	0.48%	0.12%
F	C	0.2%	0.33%	0.2%
GE	D	0.52%	0.48%	0.48%
GEN	B	0.08%	0.13%	0.08%
GILD	C	0.54%	0.74%	0.54%
GL	B	0.05%	0.13%	0.05%
GRMN	B	0.07%	0.44%	0.07%
HD	A	1.19%	1.32%	1.19%
HWM	A	0.09%	0.38%	0.09%
IDXX	F	0.07%	0.15%	0.07%
INCY	C	0.06%	0.34%	0.06%
ITW	B	0.18%	0.14%	0.14%
JNJ	D	1.71%	0.73%	0.73%
JPM	A	3.22%	1.93%	1.93%
KR	B	0.18%	0.12%	0.12%
LDOS	C	0.11%	0.31%	0.11%
LHX	C	0.22%	0.21%	0.21%
LMT	D	0.54%	0.71%	0.54%
MA	C	0.56%	1.36%	0.56%
MGM	D	0.01%	0.23%	0.01%
MMC	B	0.25%	0.53%	0.25%
MMM	D	0.34%	0.19%	0.19%
MRK	F	0.7%	0.96%	0.7%
MSCI	C	0.1%	0.26%	0.1%
MSI	B	0.16%	0.43%	0.16%
MU	D	0.52%	0.5%	0.5%
NEE	D	0.72%	0.82%	0.72%
NOC	D	0.32%	0.6%	0.32%
NRG	B	0.09%	0.09%	0.09%
NSC	B	0.28%	0.11%	0.11%
NUE	C	0.06%	0.36%	0.06%
OXY	D	0.16%	0.15%	0.15%
PCAR	B	0.08%	0.37%	0.08%
PEP	F	0.68%	0.19%	0.19%
PFE	D	0.69%	0.41%	0.41%
PG	A	1.12%	0.8%	0.8%
PGR	A	0.35%	0.67%	0.35%
PM	B	0.59%	0.94%	0.59%
PPG	F	0.13%	0.34%	0.13%
PSA	D	0.14%	0.17%	0.14%
PYPL	B	0.41%	0.72%	0.41%
QCOM	F	0.41%	0.85%	0.41%
QRVO	F	0.03%	0.06%	0.03%
RSG	A	0.09%	0.23%	0.09%
RTX	C	0.74%	0.28%	0.28%
SCHW	B	0.56%	0.79%	0.56%
SPG	B	0.16%	0.44%	0.16%
SPGI	C	0.43%	0.21%	0.21%
SYK	C	0.22%	0.24%	0.22%
T	A	0.75%	0.71%	0.71%
TJX	A	0.22%	0.72%	0.22%
TMO	F	0.59%	0.38%	0.38%
TMUS	B	0.55%	0.28%	0.28%
TROW	B	0.13%	0.28%	0.13%
TRV	B	0.27%	0.26%	0.26%
TT	A	0.13%	0.68%	0.13%
TXT	D	0.08%	0.5%	0.08%
UNH	C	1.59%	0.57%	0.57%
UNP	C	0.37%	0.75%	0.37%
V	A	0.82%	0.65%	0.65%
WFC	A	1.16%	0.28%	0.28%
WM	A	0.2%	0.41%	0.2%
WMT	A	1.72%	0.82%	0.82%
XOM	B	2.51%	1.56%	1.56%
ZBRA	B	0.1%	0.52%	0.1%

SPYV Overweight 334 Positions Relative to FBUF

Symbol	Grade	Weight
IBM	C	0.9%
GS	A	0.87%
VZ	C	0.81%
MS	A	0.77%
DHR	F	0.72%
LOW	D	0.72%
HON	B	0.7%
KO	D	0.69%
BLK	C	0.68%
TXN	C	0.56%
MCD	D	0.56%
MDT	D	0.52%
PLD	D	0.5%
INTC	D	0.5%
CB	C	0.5%
ACN	C	0.49%
LIN	D	0.49%
UPS	C	0.46%
ELV	F	0.44%
MO	A	0.44%
SO	D	0.44%
ICE	C	0.42%
DUK	C	0.4%
PNC	B	0.39%
USB	A	0.37%
MCK	B	0.37%
WELL	A	0.36%
EMR	A	0.35%
GD	F	0.35%
COF	B	0.33%
APD	A	0.33%
TGT	F	0.33%
FDX	B	0.31%
ISRG	A	0.3%
GM	B	0.3%
SLB	C	0.29%
TFC	A	0.29%
JCI	C	0.27%
SRE	A	0.27%
BSX	B	0.27%
FI	A	0.27%
ETN	A	0.26%
AFL	B	0.26%
BA	F	0.26%
PSX	C	0.25%
MDLZ	F	0.24%
GEV	B	0.24%
ALL	A	0.24%
KMI	A	0.24%
NKE	D	0.24%
FIS	C	0.23%
MET	A	0.23%
AIG	B	0.23%
O	D	0.23%
CMI	A	0.23%
AEP	D	0.23%
SBUX	A	0.22%
NEM	D	0.22%
D	C	0.22%
KMB	D	0.21%
CCI	D	0.21%
PCG	A	0.21%
VLO	C	0.21%
PRU	A	0.21%
VRTX	F	0.21%
SHW	A	0.21%
KVUE	A	0.21%
EQIX	A	0.21%
COR	B	0.2%
BKR	B	0.2%
ADI	D	0.2%
PEG	A	0.2%
DE	A	0.2%
CBRE	B	0.19%
CTVA	C	0.19%
MCO	B	0.19%
CTSH	B	0.19%
COP	C	0.19%
WMB	A	0.19%
KDP	D	0.18%
GEHC	F	0.18%
STZ	D	0.18%
A	D	0.18%
EXC	C	0.18%
XEL	A	0.18%
APH	A	0.18%
CEG	D	0.18%
MTB	A	0.17%
ZTS	D	0.17%
HPQ	B	0.17%
GIS	D	0.17%
GLW	B	0.17%
BX	A	0.17%
SYY	B	0.17%
REGN	F	0.16%
HCA	F	0.16%
RMD	C	0.16%
HUM	C	0.16%
HIG	B	0.16%
ROP	B	0.16%
WAB	B	0.16%
EXR	D	0.16%
DD	D	0.16%
FCX	D	0.15%
DOW	F	0.15%
ETR	B	0.15%
AJG	B	0.15%
ADSK	A	0.15%
EIX	B	0.15%
FITB	A	0.15%
WTW	B	0.15%
DLR	B	0.15%
NDAQ	A	0.15%
AVB	B	0.15%
CARR	D	0.15%
VICI	C	0.15%
XYL	D	0.14%
GPN	B	0.14%
ABNB	C	0.14%
RJF	A	0.14%
UAL	A	0.14%
WEC	A	0.14%
EBAY	D	0.14%
CNC	D	0.14%
KEYS	A	0.13%
HPE	B	0.13%
DOV	A	0.13%
KHC	F	0.13%
STT	A	0.13%
PAYX	C	0.13%
PPL	B	0.12%
DTE	C	0.12%
SW	A	0.12%
EQR	B	0.12%
EW	C	0.12%
ADM	D	0.12%
HBAN	A	0.12%
VLTO	D	0.12%
EQT	B	0.12%
SYF	B	0.12%
AWK	D	0.12%
AMP	A	0.12%
VTR	C	0.12%
HAL	C	0.12%
WY	D	0.11%
IFF	D	0.11%
FAST	B	0.11%
MPC	D	0.11%
OKE	A	0.11%
AEE	A	0.11%
RF	A	0.11%
OTIS	C	0.11%
OMC	C	0.1%
CHTR	C	0.1%
WDC	D	0.1%
YUM	B	0.1%
CFG	B	0.1%
FSLR	F	0.1%
FE	C	0.1%
PKG	A	0.1%
NTRS	A	0.1%
LYB	F	0.1%
K	A	0.1%
IQV	D	0.1%
ES	D	0.1%
WBD	C	0.1%
EA	A	0.1%
ZBH	C	0.1%
TDY	B	0.1%
ATO	A	0.1%
DAL	C	0.09%
TSN	B	0.09%
VRSK	A	0.09%
PFG	D	0.09%
MAA	B	0.09%
BALL	D	0.09%
MKC	D	0.09%
INVH	D	0.09%
ORLY	B	0.09%
LUV	C	0.09%
ESS	B	0.09%
CNP	B	0.09%
EFX	F	0.09%
PH	A	0.09%
IP	B	0.09%
LH	C	0.09%
DFS	B	0.09%
CMS	C	0.09%
ON	D	0.08%
NI	A	0.08%
AVY	D	0.08%
BAX	D	0.08%
IRM	D	0.08%
MTD	D	0.08%
HSY	F	0.08%
AZO	C	0.08%
KIM	A	0.08%
ARE	D	0.08%
ROK	B	0.08%
DG	F	0.08%
TRMB	B	0.08%
GPC	D	0.08%
TSCO	D	0.08%
TER	D	0.08%
IEX	B	0.08%
DGX	A	0.08%
CSGP	D	0.08%
J	F	0.08%
KEY	B	0.08%
WRB	A	0.08%
BBY	D	0.08%
LEN	D	0.08%
HOLX	D	0.08%
DELL	C	0.08%
CDW	F	0.07%
NDSN	B	0.07%
SBAC	D	0.07%
WAT	B	0.07%
FFIV	B	0.07%
NXPI	D	0.07%
RVTY	F	0.07%
CHD	B	0.07%
APTV	D	0.07%
EVRG	A	0.07%
MCHP	D	0.07%
AMCR	D	0.07%
TTWO	A	0.07%
PWR	A	0.07%
JBHT	C	0.07%
DOC	D	0.07%
VTRS	A	0.07%
L	A	0.07%
EL	F	0.07%
NTAP	C	0.07%
LNT	A	0.07%
MNST	C	0.07%
EG	C	0.07%
EMN	D	0.06%
SJM	D	0.06%
ALB	C	0.06%
UHS	D	0.06%
STX	D	0.06%
REG	B	0.06%
MLM	B	0.06%
KMX	B	0.06%
BG	F	0.06%
JKHY	D	0.06%
JNPR	F	0.06%
HUBB	B	0.06%
ANSS	B	0.06%
CPT	B	0.06%
CHRW	C	0.06%
GWW	B	0.06%
CAG	D	0.06%
SWK	D	0.06%
DLTR	F	0.06%
TPR	B	0.06%
SWKS	F	0.06%
MRNA	F	0.06%
UDR	B	0.06%
VMC	B	0.06%
IR	B	0.05%
STE	F	0.05%
AES	F	0.05%
FDS	B	0.05%
MKTX	D	0.05%
CRL	C	0.05%
LKQ	D	0.05%
PNW	B	0.05%
SNA	A	0.05%
CTLT	B	0.05%
FOXA	B	0.05%
EXPD	D	0.05%
IPG	D	0.05%
TAP	C	0.05%
NWSA	B	0.05%
AIZ	A	0.05%
PODD	C	0.05%
BR	A	0.05%
TECH	D	0.05%
BXP	D	0.05%
DXCM	D	0.05%
MRO	B	0.04%
HII	D	0.04%
BWA	D	0.04%
MAS	D	0.04%
IVZ	B	0.04%
ROL	B	0.04%
VRSN	F	0.04%
MTCH	D	0.04%
HAS	D	0.04%
MOS	F	0.04%
EPAM	C	0.04%
HSIC	B	0.04%
FRT	B	0.04%
CPB	D	0.04%
HRL	D	0.04%
TFX	F	0.04%
PTC	A	0.04%
DPZ	C	0.04%
SOLV	C	0.04%
DRI	B	0.04%
ENPH	F	0.03%
DAY	B	0.03%
BRO	B	0.03%
FOX	A	0.03%
POOL	C	0.03%
ULTA	F	0.03%
WBA	F	0.03%
PAYC	B	0.03%
CTRA	B	0.03%
LVS	C	0.03%
BEN	C	0.03%
JBL	B	0.03%
PARA	C	0.03%
FMC	D	0.03%
ALGN	D	0.03%
AKAM	D	0.03%
CF	B	0.03%
CCL	B	0.03%
STLD	B	0.03%
MHK	D	0.03%
MOH	F	0.03%
CBOE	B	0.03%
AOS	F	0.02%
CZR	F	0.02%
NWS	B	0.02%
RL	B	0.02%
LW	C	0.02%
ERIE	D	0.02%
GNRC	B	0.02%
HST	C	0.02%
PNR	A	0.02%
DVA	B	0.01%

SPYV Underweight 56 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	C	-7.37%
AAPL	C	-7.34%
MSFT	F	-5.66%
AMZN	C	-3.84%
META	D	-2.89%
GOOGL	C	-2.04%
GOOG	C	-1.89%
AVGO	D	-1.62%
NFLX	A	-1.28%
TSLA	B	-1.27%
CRM	B	-1.16%
ADBE	C	-0.94%
LLY	F	-0.76%
AMAT	F	-0.67%
KLAC	D	-0.61%
SQ	B	-0.6%
SEIC	B	-0.54%
ZM	B	-0.53%
DBX	B	-0.52%
CVNA	B	-0.52%
NOW	A	-0.5%
CMG	B	-0.47%
IGT	F	-0.46%
EXEL	B	-0.43%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
SKYW	B	-0.31%
MEDP	D	-0.28%
UBER	D	-0.24%
LRCX	F	-0.24%
GAP	C	-0.21%
FTNT	C	-0.2%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
VST	B	-0.14%
INTU	C	-0.12%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
TWLO	A	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
PLTK	B	-0.07%
CRUS	D	-0.07%
NBIX	C	-0.06%
ANET	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%