TXS vs. FFSM ETF Comparison

Comparison of Texas Capital Texas Equity Index ETF (TXS) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.40

Average Daily Volume

2,647

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$28.75

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	TXS	FFSM
30 Days	10.30%	5.05%
60 Days	10.71%	4.89%
90 Days	12.99%	5.78%
12 Months	41.97%	33.64%

20 Overlapping Holdings

Symbol	Grade	Weight in TXS	Weight in FFSM	Overlap
ACM	B	0.78%	0.66%	0.66%
AMN	F	0.03%	0.27%	0.03%
ASO	F	0.95%	0.53%	0.53%
AZZ	A	0.05%	0.34%	0.05%
BLDR	D	0.13%	0.46%	0.13%
CMC	B	0.05%	0.6%	0.05%
DIOD	D	0.04%	0.27%	0.04%
EAT	A	0.91%	0.47%	0.47%
EXP	B	0.06%	1.44%	0.06%
GRBK	D	0.12%	0.3%	0.12%
IBTX	B	0.07%	0.29%	0.07%
IESC	C	0.2%	0.51%	0.2%
KBR	F	0.42%	0.46%	0.42%
LNG	A	2.46%	0.9%	0.9%
NXST	C	0.05%	0.75%	0.05%
RUSHA	C	1.23%	0.35%	0.35%
UPBD	B	0.05%	0.3%	0.05%
WFRD	D	0.09%	0.33%	0.09%
WHD	B	0.05%	1.01%	0.05%
XPRO	D	0.06%	0.14%	0.06%

TXS Overweight 177 Positions Relative to FFSM

Symbol	Grade	Weight
TSLA	B	5.5%
THC	D	4.2%
CRWD	B	4.06%
SCHW	B	4.06%
DLR	B	4.02%
MCK	A	3.82%
WM	B	3.35%
XOM	B	3.28%
CCI	C	2.93%
GME	C	2.92%
CBRE	B	2.56%
ORCL	A	2.37%
TPL	A	1.96%
COP	C	1.95%
KMI	A	1.89%
SYY	D	1.88%
DHI	F	1.86%
SCI	B	1.85%
PWR	A	1.84%
WING	D	1.64%
GPI	B	1.58%
TRGP	A	1.43%
TYL	B	1.31%
T	A	1.31%
INVH	D	1.23%
EOG	A	1.14%
TXN	C	1.13%
CAT	B	1.09%
J	D	0.96%
SLB	C	0.92%
VST	A	0.84%
CPT	B	0.81%
PLAY	D	0.71%
LUV	C	0.69%
FIX	A	0.63%
ADUS	D	0.62%
BKR	A	0.61%
OXY	D	0.51%
FLR	B	0.48%
FANG	C	0.47%
CPRT	B	0.41%
SBH	C	0.4%
USPH	B	0.39%
HAL	C	0.39%
ATO	A	0.39%
CNP	A	0.35%
AAL	B	0.33%
PSX	C	0.32%
GL	C	0.31%
NRG	B	0.31%
CRBG	B	0.31%
CMA	B	0.3%
KMB	C	0.28%
CFR	B	0.27%
CTRA	B	0.27%
HHH	B	0.27%
KEX	B	0.26%
VLO	C	0.26%
PB	B	0.24%
MRO	B	0.23%
STRL	A	0.22%
DELL	B	0.21%
COOP	B	0.2%
TPG	A	0.19%
PRIM	A	0.16%
HPE	B	0.16%
PR	B	0.14%
FFIN	B	0.14%
AGL	F	0.14%
NSP	F	0.14%
XPEL	B	0.14%
LII	A	0.13%
CHRD	D	0.12%
RRC	B	0.12%
IBOC	B	0.12%
APA	D	0.12%
OMCL	C	0.11%
NTRA	A	0.11%
LUNR	B	0.1%
MTDR	B	0.1%
LGIH	F	0.09%
GSHD	A	0.09%
KNTK	A	0.09%
AAOI	B	0.09%
VCTR	B	0.09%
POWL	C	0.08%
DNOW	B	0.08%
USLM	A	0.08%
NTST	C	0.08%
STC	B	0.07%
RICK	B	0.07%
EE	A	0.07%
MUR	D	0.07%
TFIN	B	0.07%
NXRT	B	0.07%
ANET	C	0.07%
FYBR	C	0.07%
MGY	A	0.07%
ACA	A	0.07%
CSV	B	0.07%
DAR	C	0.06%
BMBL	C	0.06%
OIS	B	0.06%
SABR	C	0.06%
CSWI	B	0.06%
PX	A	0.06%
FFWM	C	0.06%
MRC	B	0.06%
SKWD	A	0.06%
FLS	B	0.06%
WTTR	A	0.06%
GLDD	B	0.06%
TH	C	0.06%
CRGY	B	0.06%
PRO	C	0.06%
TTI	B	0.06%
CRK	B	0.06%
QTWO	A	0.06%
SAVA	C	0.06%
MTCH	D	0.06%
UEC	B	0.06%
DXPE	C	0.06%
YETI	D	0.05%
INN	D	0.05%
HTH	C	0.05%
PTEN	C	0.05%
DINO	D	0.05%
CECO	B	0.05%
TALO	C	0.05%
ATI	C	0.05%
GDOT	D	0.05%
BIGC	B	0.05%
THR	B	0.05%
HLX	B	0.05%
GRNT	B	0.05%
PUMP	C	0.05%
SWI	C	0.05%
ITGR	B	0.05%
HESM	B	0.05%
CHX	C	0.05%
VTOL	B	0.05%
EZPW	B	0.05%
WSR	A	0.05%
SBSI	C	0.05%
CNK	C	0.05%
TASK	C	0.05%
ALG	B	0.05%
CE	F	0.05%
NX	C	0.05%
OII	B	0.05%
ALKT	B	0.05%
VBTX	B	0.05%
AROC	A	0.05%
TRN	B	0.05%
APLD	B	0.05%
THRY	D	0.04%
BRY	F	0.04%
CVI	F	0.04%
TSHA	C	0.04%
TDW	F	0.04%
CSTL	D	0.04%
VITL	D	0.04%
HUN	F	0.04%
WLK	D	0.04%
SLAB	F	0.04%
PARR	F	0.04%
FOR	F	0.04%
EGY	D	0.04%
NR	B	0.04%
NOV	C	0.04%
AESI	B	0.04%
LXRX	F	0.03%
ETWO	F	0.03%
SVRA	F	0.03%
CRUS	D	0.03%
APPS	F	0.02%
NOVA	F	0.01%

TXS Underweight 151 Positions Relative to FFSM

Symbol	Grade	Weight
EME	A	-1.81%
UHS	D	-1.5%
FTI	A	-1.47%
TPX	B	-1.46%
ACGL	C	-1.45%
MUSA	B	-1.34%
NSIT	F	-1.33%
AR	B	-1.27%
BJ	A	-1.22%
FN	C	-1.22%
ITT	A	-1.2%
CROX	D	-1.17%
PFGC	B	-1.16%
USFD	A	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
JLL	D	-1.1%
MOH	F	-1.1%
CACI	D	-1.06%
CR	A	-1.01%
RRX	B	-1.01%
ORI	A	-0.96%
SNX	D	-0.95%
DOX	D	-0.92%
AIZ	A	-0.91%
BOOT	C	-0.9%
TMDX	F	-0.9%
DFS	B	-0.89%
AIT	B	-0.88%
SNV	C	-0.88%
DKS	D	-0.84%
STX	C	-0.84%
AYI	B	-0.81%
TGLS	B	-0.81%
FAF	A	-0.77%
ALSN	B	-0.76%
BC	C	-0.76%
VTR	B	-0.76%
RGA	A	-0.76%
SF	B	-0.75%
PNFP	B	-0.73%
PCG	A	-0.72%
HLI	A	-0.71%
GPK	C	-0.71%
AEIS	C	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
KBH	D	-0.64%
FCNCA	A	-0.63%
ON	D	-0.62%
BECN	B	-0.61%
MMS	F	-0.6%
FSS	B	-0.6%
LBRT	D	-0.59%
G	B	-0.59%
VNT	C	-0.59%
CBT	D	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	B	-0.57%
MEDP	D	-0.57%
MTSI	B	-0.57%
PRI	B	-0.56%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	F	-0.56%
CHDN	B	-0.54%
ESI	B	-0.54%
CIEN	C	-0.53%
WTFC	A	-0.52%
CRL	D	-0.52%
CWK	C	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
GMS	B	-0.51%
WIX	A	-0.5%
AFG	A	-0.49%
EBC	B	-0.49%
CTRE	C	-0.49%
CNM	D	-0.47%
BOKF	B	-0.46%
TENB	C	-0.45%
OLN	F	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	B	-0.42%
TEX	F	-0.42%
ARGX	B	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
MASI	B	-0.39%
IP	A	-0.37%
CXT	C	-0.36%
CAH	B	-0.36%
GVA	A	-0.35%
GTES	A	-0.33%
PCVX	D	-0.32%
FLEX	B	-0.31%
AZEK	A	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	F	-0.3%
CNXC	F	-0.29%
FBP	C	-0.29%
LCII	C	-0.29%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	C	-0.2%
CRNX	C	-0.19%
ACLX	C	-0.19%
RGEN	D	-0.19%
KFRC	D	-0.18%
CYTK	F	-0.18%
MDGL	B	-0.16%
NUVL	C	-0.16%
AAP	D	-0.15%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	C	-0.08%
MRUS	F	-0.07%
PBH	A	-0.06%
ARVN	F	-0.04%
ATKR	D	-0.01%
FIBK	B	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%