WCEO vs. FBUF ETF Comparison

Comparison of Hypatia Women CEO ETF (WCEO) to Fidelity Dynamic Buffered Equity ETF (FBUF)

WCEO

Hypatia Women CEO ETF

WCEO Description

Hypatia Women CEO ETF ("Fund") seeks to provide capital appreciation. There is no guarantee that the Fund will meet its investment objective. Actively managed Exchange Traded fund (“ETF”) which invests in all publicly traded American companies who have female Chief Executive Officers from small cap to mega cap.

Grade (RS Rating)

Last Trade

$32.48

Average Daily Volume

460

Number of Holdings ^*

129

* 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	WCEO	FBUF
30 Days	4.46%	3.10%
60 Days	4.53%	4.70%
90 Days	5.08%	6.08%
12 Months	27.66%

12 Overlapping Holdings

Symbol	Grade	Weight in WCEO	Weight in FBUF	Overlap
ADP	B	0.66%	0.26%	0.26%
ANET	C	1.75%	0.06%	0.06%
ANF	C	0.58%	0.35%	0.35%
BBWI	D	0.6%	0.16%	0.16%
C	A	1.09%	0.72%	0.72%
CLX	B	0.6%	0.14%	0.14%
NOC	D	0.6%	0.6%	0.6%
ORCL	B	0.99%	0.04%	0.04%
OXY	D	0.83%	0.15%	0.15%
PGR	A	1.03%	0.67%	0.67%
SPGI	C	1.0%	0.21%	0.21%
UTHR	C	0.51%	0.04%	0.04%

WCEO Overweight 117 Positions Relative to FBUF

Symbol	Grade	Weight
AMD	F	1.62%
CLFD	D	1.43%
NNBR	C	1.35%
LUMN	C	1.28%
HUBS	A	1.15%
HAFC	A	1.11%
HMN	B	1.09%
CABO	C	1.08%
EIG	B	1.08%
WK	B	1.08%
EGBN	B	1.07%
LNC	B	1.07%
BEN	C	1.06%
AMAL	B	1.05%
NDAQ	A	1.04%
JXN	C	1.01%
BMBL	C	1.01%
PD	C	0.98%
WEX	D	0.98%
ELV	F	0.95%
CNC	D	0.93%
SIRI	C	0.91%
FIS	C	0.91%
NYT	C	0.9%
SWX	B	0.88%
MPC	D	0.88%
PNM	F	0.88%
GTLS	B	0.87%
PSN	D	0.87%
ALE	A	0.85%
LNT	A	0.84%
POR	C	0.81%
DUK	C	0.8%
TR	B	0.76%
CDW	F	0.76%
SUM	B	0.76%
BROS	B	0.75%
UPWK	B	0.75%
RLJ	C	0.74%
LTC	B	0.74%
VSCO	B	0.73%
TPR	B	0.73%
MSEX	B	0.72%
CWK	B	0.72%
RS	B	0.72%
ELS	C	0.71%
MWA	B	0.71%
REG	B	0.71%
SHW	A	0.71%
ESS	B	0.7%
CMI	A	0.7%
PH	A	0.7%
FUL	F	0.69%
EQIX	A	0.69%
VVV	F	0.69%
CC	C	0.69%
ASIX	A	0.69%
PLNT	A	0.68%
HSY	F	0.67%
SCS	C	0.67%
FSS	B	0.67%
VTR	C	0.67%
NPK	B	0.66%
DD	D	0.66%
TRN	C	0.66%
MLKN	D	0.65%
KRC	C	0.65%
OPEN	D	0.65%
EXPE	B	0.64%
NVT	B	0.63%
BRBR	A	0.63%
HAIN	C	0.62%
ACN	C	0.62%
FCX	D	0.62%
ATI	D	0.62%
GD	F	0.61%
LZB	B	0.61%
RUN	F	0.6%
EXPO	D	0.59%
MTN	C	0.59%
FL	F	0.58%
GM	B	0.58%
GBX	A	0.58%
TMHC	B	0.58%
ARCB	C	0.57%
CBRL	C	0.57%
ROST	C	0.56%
JBHT	C	0.56%
FNKO	D	0.56%
BBY	D	0.56%
DKS	C	0.55%
WSM	B	0.54%
JBLU	F	0.54%
VIR	D	0.54%
LEVI	F	0.54%
COTY	F	0.54%
SAIC	F	0.54%
ITCI	C	0.54%
BPMC	C	0.53%
MATV	D	0.52%
UPS	C	0.52%
SIBN	F	0.51%
OLPX	D	0.5%
INSW	F	0.49%
ZTS	D	0.48%
VRTX	F	0.48%
HALO	F	0.46%
FIGS	F	0.45%
AHCO	F	0.45%
TERN	F	0.45%
TWST	D	0.45%
BKD	D	0.42%
MDU	D	0.41%
ALNY	D	0.4%
CE	F	0.39%
AMN	F	0.3%
IGMS	F	0.29%

WCEO Underweight 143 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%
BRK.A	B	-2.2%
GOOGL	C	-2.04%
JPM	A	-1.93%
GOOG	C	-1.89%
AVGO	D	-1.62%
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%
WMT	A	-0.82%
NEE	D	-0.82%
CSCO	B	-0.8%
PG	A	-0.8%
SCHW	B	-0.79%
LLY	F	-0.76%
UNP	C	-0.75%
BMY	B	-0.74%
GILD	C	-0.74%
JNJ	D	-0.73%
PYPL	B	-0.72%
TJX	A	-0.72%
T	A	-0.71%
LMT	D	-0.71%
TT	A	-0.68%
AMAT	F	-0.67%
V	A	-0.65%
CTAS	B	-0.65%
DIS	B	-0.65%
ECL	D	-0.63%
CI	F	-0.63%
ABT	B	-0.63%
KLAC	D	-0.61%
SQ	B	-0.6%
BDX	F	-0.58%
UNH	C	-0.57%
CL	D	-0.55%
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%
GE	D	-0.48%
EOG	A	-0.48%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
SPG	B	-0.44%
GRMN	B	-0.44%
MSI	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
WM	A	-0.41%
PFE	D	-0.41%
TMO	F	-0.38%
HWM	A	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	C	-0.36%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	F	-0.34%
INCY	C	-0.34%
F	C	-0.33%
LDOS	C	-0.31%
SKYW	B	-0.31%
CAH	B	-0.31%
COST	B	-0.3%
RTX	C	-0.28%
TMUS	B	-0.28%
MEDP	D	-0.28%
TROW	B	-0.28%
WFC	A	-0.28%
TRV	B	-0.26%
MSCI	C	-0.26%
AMGN	D	-0.25%
UBER	D	-0.24%
SYK	C	-0.24%
LRCX	F	-0.24%
CVS	D	-0.23%
RSG	A	-0.23%
MGM	D	-0.23%
AMT	D	-0.21%
LHX	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%
IDXX	F	-0.15%
VST	B	-0.14%
ITW	B	-0.14%
GL	B	-0.13%
GEN	B	-0.13%
KR	B	-0.12%
BK	A	-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%
NRG	B	-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%
VEEV	C	-0.04%
TNL	A	-0.04%
TOL	B	-0.02%
CVX	A	-0.02%
PEGA	A	-0.02%