FPRO vs. RIET ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to Hoya Capital High Dividend Yield ETF (RIET)

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.43

Average Daily Volume

3,248

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RIET

Hoya Capital High Dividend Yield ETF

RIET Description

Hoya Capital High Dividend Yield ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Hoya Capital Real Estate, LLC and Penserra Capital Management, LLC. It invests in the public equity markets of the United States. The fund invests in the stocks of companies operating in the financial, diversified financials, mortgage real estate investment trust, real estate investment trusts, real estate, equity real estate investment trust, real estate management and development and real estate operating companies sectors. The fund invests in dividend paying, growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Hoya Capital High Dividend Yield Index, by using full replication technique. Hoya Capital High Dividend Yield ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$11.29

Average Daily Volume

69,208

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	RIET
30 Days	6.91%	6.91%
60 Days	11.30%	7.20%
90 Days	18.04%	15.51%
12 Months	25.30%	18.20%

4 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in RIET	Overlap
CCI	B	2.71%	1.62%	1.62%
EQR	B	2.54%	1.57%	1.57%
EXR	B	1.8%	1.65%	1.65%
NNN	B	3.61%	1.56%	1.56%

FPRO Overweight 33 Positions Relative to RIET

Symbol	Grade	Weight
PLD	C	11.02%
AMT	C	8.86%
EQIX	B	6.69%
VTR	C	5.67%
PSA	B	5.38%
CBRE	A	3.97%
KIM	B	3.83%
DLR	B	3.56%
CUBE	B	3.46%
UDR	B	3.16%
SUI	B	3.09%
MAA	B	2.77%
WELL	B	2.71%
IRM	B	2.04%
AMH	C	1.92%
COLD	D	1.53%
CSGP	D	1.52%
INVH	C	1.36%
UE	B	1.36%
SBAC	C	1.35%
LAMR	A	1.3%
STAG	C	1.03%
REG	C	1.02%
DRH	C	0.97%
CPT	B	0.95%
PECO	B	0.92%
FCPT	A	0.81%
TRNO	C	0.79%
WY	C	0.73%
SKT	B	0.61%
COMP	B	0.59%
RHP	D	0.53%
ELS	C	0.42%

FPRO Underweight 58 Positions Relative to RIET

Symbol	Grade	Weight
NSA	B	-1.77%
BXP	B	-1.76%
UNIT	C	-1.73%
OHI	A	-1.71%
O	B	-1.59%
VICI	C	-1.58%
GLPI	B	-1.56%
DOC	C	-1.56%
SPG	B	-1.45%
WPC	B	-1.45%
KRC	B	-1.44%
AGNC	A	-1.42%
CLPR	B	-1.42%
STWD	A	-1.4%
SBRA	B	-1.36%
KREF	B	-1.36%
HIW	B	-1.35%
CIO	B	-1.34%
APLE	D	-1.3%
BNL	B	-1.29%
UHT	B	-1.29%
OLP	B	-1.27%
NREF	B	-1.26%
OUT	B	-1.26%
EPR	B	-1.25%
GNL	B	-1.25%
DEA	B	-1.24%
IIPR	B	-1.22%
MPW	C	-1.19%
ALX	B	-1.19%
BDN	B	-1.19%
ACRE	C	-1.18%
GOOD	B	-1.18%
LADR	B	-1.17%
EFC	B	-1.17%
GMRE	C	-1.16%
BXMT	C	-1.16%
LTC	B	-1.16%
PSTL	B	-1.16%
CMTG	F	-1.15%
CTO	C	-1.15%
TRTX	C	-1.14%
AHH	B	-1.12%
ABR	B	-1.12%
DX	A	-1.1%
PMT	B	-1.09%
BRSP	D	-1.01%
CHMI	C	-1.01%
ARI	F	-1.0%
RC	D	-0.97%
GPMT	D	-0.92%
SACH	D	-0.91%
SVC	F	-0.88%
AFCG	C	-0.87%
CHCT	F	-0.78%
NYMTN	A	-0.32%
AGNCN	B	-0.3%
NYMTM	A	-0.3%