FPRO vs. VNQ ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to Vanguard REIT ETF - DNQ (VNQ)

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

$23.90

Average Daily Volume

5,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$96.13

Average Daily Volume

3,402,660

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	VNQ
30 Days	-0.38%	-0.32%
60 Days	-2.17%	-1.84%
90 Days	1.66%	2.28%
12 Months	21.86%	26.00%

40 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in VNQ	Overlap
AKR	B	0.24%	0.14%	0.14%
AMH	D	2.09%	0.66%	0.66%
AMT	D	9.56%	5.69%	5.69%
CBRE	B	4.11%	2.29%	2.29%
CCI	D	2.18%	2.66%	2.18%
COLD	D	2.21%	0.4%	0.4%
COMP	B	0.55%	0.15%	0.15%
CPT	B	1.08%	0.7%	0.7%
CSGP	D	1.36%	1.7%	1.36%
CUBE	D	3.33%	0.61%	0.61%
DLR	B	3.31%	3.3%	3.3%
DRH	B	0.02%	0.1%	0.02%
ELME	D	0.42%	0.08%	0.08%
ELS	C	0.4%	0.71%	0.4%
EQIX	A	7.21%	4.79%	4.79%
EQR	B	2.75%	1.37%	1.37%
EXR	D	1.92%	1.97%	1.92%
FCPT	C	0.84%	0.14%	0.14%
INVH	D	1.57%	1.1%	1.1%
IVT	B	0.09%	0.13%	0.09%
KIM	A	3.9%	0.91%	0.91%
LAMR	D	1.29%	0.66%	0.66%
MAA	B	2.02%	1.01%	1.01%
MAC	B	0.34%	0.23%	0.23%
NNN	D	3.78%	0.45%	0.45%
PECO	A	0.77%	0.26%	0.26%
PLD	D	10.01%	5.97%	5.97%
PSA	D	5.89%	2.97%	2.97%
REG	B	0.92%	0.72%	0.72%
RHP	B	0.45%	0.35%	0.35%
SBAC	D	1.17%	1.41%	1.17%
SKT	B	0.68%	0.21%	0.21%
STAG	F	1.07%	0.39%	0.39%
SUI	D	2.69%	0.94%	0.94%
TRNO	F	0.73%	0.33%	0.33%
UDR	B	3.51%	0.75%	0.75%
UE	C	1.36%	0.15%	0.15%
VTR	C	5.69%	1.51%	1.51%
WELL	A	5.23%	4.5%	4.5%
WY	D	0.64%	1.3%	0.64%

FPRO Overweight 0 Positions Relative to VNQ

	Symbol	Grade	Weight

FPRO Underweight 105 Positions Relative to VNQ

Symbol	Grade	Weight
SPG	B	-3.15%
O	D	-2.95%
IRM	D	-2.07%
AVB	B	-1.8%
VICI	C	-1.73%
ESS	B	-1.04%
ARE	D	-1.0%
DOC	D	-0.9%
GLPI	C	-0.78%
JLL	D	-0.74%
WPC	D	-0.7%
BXP	D	-0.69%
HST	C	-0.69%
OHI	C	-0.6%
Z	A	-0.54%
REXR	F	-0.53%
EGP	F	-0.47%
FRT	B	-0.47%
BRX	A	-0.46%
ADC	B	-0.43%
FR	D	-0.4%
VNO	B	-0.38%
EPRT	B	-0.32%
KRG	B	-0.32%
SLG	B	-0.28%
CUZ	B	-0.27%
KRC	C	-0.26%
SBRA	C	-0.26%
CTRE	D	-0.26%
IRT	A	-0.25%
RYN	D	-0.25%
CDP	C	-0.21%
IIPR	D	-0.21%
EPR	D	-0.2%
HIW	D	-0.2%
PCH	D	-0.19%
BNL	D	-0.19%
NHI	D	-0.19%
APLE	B	-0.19%
CWK	B	-0.18%
ZG	A	-0.18%
PK	B	-0.17%
DEI	B	-0.17%
NSA	D	-0.17%
LXP	D	-0.16%
MPW	F	-0.16%
HHH	B	-0.14%
OUT	A	-0.13%
EQC	B	-0.12%
NMRK	B	-0.12%
SHO	C	-0.11%
ROIC	A	-0.11%
JOE	F	-0.1%
GNL	F	-0.09%
GTY	B	-0.09%
LTC	B	-0.09%
DEA	D	-0.08%
ALEX	C	-0.08%
RLJ	B	-0.08%
JBGS	D	-0.08%
XHR	B	-0.08%
PEB	D	-0.08%
ESRT	C	-0.08%
RDFN	D	-0.07%
KW	B	-0.07%
UNIT	B	-0.07%
VRE	B	-0.07%
PDM	D	-0.07%
UMH	C	-0.07%
AAT	B	-0.07%
NXRT	B	-0.06%
EXPI	C	-0.06%
OPEN	D	-0.06%
CSR	B	-0.06%
AIV	C	-0.06%
NTST	D	-0.06%
PLYM	F	-0.05%
PGRE	F	-0.05%
AHH	D	-0.05%
BDN	C	-0.05%
MMI	B	-0.05%
GOOD	B	-0.04%
FOR	F	-0.04%
INN	D	-0.04%
LAND	F	-0.03%
OLP	B	-0.03%
PKST	D	-0.03%
BFS	C	-0.03%
UHT	D	-0.03%
CHCT	C	-0.03%
ALX	D	-0.03%
SVC	F	-0.03%
FPI	B	-0.03%
HPP	F	-0.03%
GMRE	F	-0.03%
WSR	A	-0.03%
DHC	F	-0.03%
TRC	F	-0.02%
CBL	A	-0.02%
RMR	F	-0.02%
CLDT	B	-0.02%
SRG	F	-0.01%
NXDT	D	-0.01%
CIO	D	-0.01%
OPI	F	-0.0%