LBO vs FSEV

Comparison between WHITEWOLF PUBLICLY LISTED PRIVATE EQUITY ETF (LBO, ETF) and FIDELITY ENHANCED SMALL CAP VALUE ETF (FSEV, ETF).

LBO vs FSEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LBO(ETF)	FSEV(ETF)
Net Assets	$6.70M	$6.70M
Expense Ratio	6.53%	0.28%
Max Drawdown	35.86%	4.16%
Sharpe Ratio	-1.09	1.40
5Y Beta	1.02	0.75
P/E Ratio	25.19	288.84
Forward P/E	11.72	13.31
5Y EPS CAGR	N/A	2.97%
Debt to Equity	121.72%	44.52%
P/S Ratio	2.79	1.02
P/B Ratio	1.68	1.58

Net Assets

LBO

$6.70M

FSEV

$6.70M

Expense Ratio

LBO

6.53%

Winner

FSEV

0.28%

Max Drawdown

LBO

35.86%

Winner

FSEV

4.16%

Sharpe Ratio

LBO

-1.09

Winner

FSEV

1.40

5Y Beta

LBO

1.02

Winner

FSEV

0.75

P/E Ratio

Winner

LBO

25.19

FSEV

288.84

Forward P/E

Winner

LBO

11.72

FSEV

13.31

5Y EPS CAGR

LBO

N/A

FSEV

2.97%

Debt to Equity

LBO

121.72%

Winner

FSEV

44.52%

P/S Ratio

LBO

2.79

Winner

FSEV

1.02

P/B Ratio

LBO

1.68

Winner

FSEV

1.58

LBO vs FSEV - Holdings Comparison

LBO and FSEV have 2 common holdings. Overlap is 0.25%

LBO's top 25 holdings weight is 97.81%. FSEV's top 25 holdings weight is 18.30%.

Rank	LBO	FSEV
#1	ARES CAPITAL CORP (ARCC) - 10.27%	COMMERCIAL METALS CO (CMC) - 0.94%
#2	APOLLO GLOBAL MANAGEMENT INC (APO) - 9.85%	UMB FINANCIAL CORP (UMBF) - 0.94%
#3	BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 7.43%	n/a (PECO) - 0.88%
#4	KKR & CO INC ORDINARY SHARES (KKR) - 7.35%	FLUOR CORP (FLR) - 0.86%
#5	ARES MANAGEMENT CORP ORDINARY SHARES CLASS A (ARES) - 6.68%	VALLEY NATIONAL BANCORP (VLY) - 0.85%
#6	GOLUB CAPITAL BDC INC (GBDC) - 5.47%	FIDELITY CASH CENTRAL FUND (n/a) - 0.82%
#7	HERCULES CAPITAL INC (HTGC) - 4.84%	GLACIER BANCORP INC (GBCI) - 0.78%
#8	BLACKROCK INC (BLK) - 4.69%	BREAD FINANCIAL HOLDINGS INC (BFH) - 0.78%
#9	BLUE OWL CAPITAL INC ORDINARY SHARES CLASS A (OWL) - 4.64%	CNO FINANCIAL GROUP INC (CNO) - 0.76%
#10	THE CARLYLE GROUP INC (CG) - 4.07%	CUSHMAN & WAKEFIELD LTD (CWK) - 0.75%
#11	BROOKFIELD ASSET MANAGEMENT LTD ORDINARY SHARES CLASS A (n/a) - 4.06%	TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.73%
#12	BLACKSTONE INC (BX) - 3.65%	MARRIOTT VACATIONS WORLDWIDE CORP (VAC) - 0.73%
#13	COMPASS DIVERSIFIED HOLDINGS (CODI) - 3.60%	GATX CORP (GATX) - 0.72%
#14	BROOKFIELD CORP REGISTERED SHS -A- LIMITED VTG (BN) - 3.31%	OPENLANE INC (OPLN) - 0.71%
#15	TPG INC ORDINARY SHARES CLASS A (TPG) - 3.20%	ESSENTIAL PROPERTIES REALTY TRUST INC (EPRT) - 0.71%
#16	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.57%	NBT BANCORP INC (NBTB) - 0.70%
#17	TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 2.31%	WSFS FINANCIAL CORP (WSFS) - 0.65%
#18	SIXTH STREET SPECIALTY LENDING INC (TSLX) - 1.75%	INSIGHT ENTERPRISES INC (NSIT) - 0.64%
#19	MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.74%	ASBURY AUTOMOTIVE GROUP INC (ABG) - 0.63%
#20	BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 1.46%	HILLMAN SOLUTIONS CORP SHS (HLMN) - 0.63%
#21	STEPSTONE GROUP INC ORDINARY SHARES CLASS A (STEP) - 1.21%	SOUTHWEST GAS HOLDINGS INC (SWX) - 0.63%
#22	CION INVT CORP ORDINARY SHARES (CION) - 1.06%	CARETRUST REIT INC (CTRE) - 0.62%
#23	BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 0.87%	INNOSPEC INC (IOSP) - 0.62%
#24	MAIN STREET CAPITAL CORP (MAIN) - 0.87%	URBAN OUTFITTERS INC (URBN) - 0.61%
#25	BARINGS BDC INC (BBDC) - 0.86%	UNITED BANKSHARES INC (UBSI) - 0.61%
Total Holdings	44	437

LBO vs FSEV - Historical Returns

Returns include dividend reinvestment.

Period	LBO	FSEV
1 month	+0.40%	+1.05%
3 months	-2.21%	+5.59%
6 months	-13.97%	N/A
1 year	-21.09%	N/A
Max(CAGR)	+4.95%	+26.69%

LBO

+0.40%

Winner

FSEV

+1.05%

LBO

-2.21%

Winner

FSEV

+5.59%

LBO

-13.97%

FSEV

N/A

LBO

-21.09%

FSEV

N/A

Max(CAGR)

LBO

+4.95%

Winner

FSEV

+26.69%

LBO vs FSEV - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	LBO	FSEV
2026	-14.59%	+5.59%
2025	-7.23%	N/A
2024	+31.97%	N/A
2023	+7.27%	N/A

LBO vs FSEV Drawdown Comparison

The maximum drawdown for LBO was -31.38%, occurring on Mar 12, 2026. This drawdown has not yet recovered.

The maximum drawdown for FSEV was -4.16%, occurring on May 19, 2026. Recovery took 13 trading sessions.

The current LBO drawdown is -23.99%. The current FSEV drawdown is -1.69%.

Rank	LBO	FSEV
#1	-31.38% Jan 31, 2025 - Mar 12, 2026	-4.16% May 6, 2026 - May 26, 2026
#2	-10.74% Jul 31, 2024 - Sep 19, 2024	-2.81% May 28, 2026 - Jun 11, 2026
#3	-5.51% Nov 29, 2024 - Jan 17, 2025	-2.05% Jun 26, 2026 - Jul 16, 2026
#4	-4.85% Oct 21, 2024 - Nov 6, 2024	-1.69% Jul 16, 2026 - Jul 23, 2026
#5	-3.35% Apr 8, 2024 - May 6, 2024	-1.51% Jun 12, 2026 - Jun 18, 2026
#6	-2.50% May 24, 2024 - Jul 3, 2024	-0.78% May 1, 2026 - May 5, 2026
#7	-2.50% Dec 28, 2023 - Jan 22, 2024	-0.21% Jun 22, 2026 - Jun 24, 2026
#8	-2.00% Nov 11, 2024 - Nov 21, 2024	-0.04% May 26, 2026 - May 28, 2026
#9	-1.92% Jul 22, 2024 - Jul 30, 2024	N/A
#10	-1.81% Jan 30, 2024 - Feb 8, 2024	N/A
#11	-1.71% Feb 12, 2024 - Feb 15, 2024	N/A
#12	-1.66% Mar 12, 2024 - Mar 21, 2024	N/A
#13	-1.47% Mar 28, 2024 - Apr 8, 2024	N/A
#14	-1.36% May 15, 2024 - May 24, 2024	N/A
#15	-1.19% Dec 19, 2023 - Dec 26, 2023	N/A

Correlation

Correlation between LBO and FSEV is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101