FREL vs. LVHD ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Legg Mason Low Volatility High Dividend ETF (LVHD)

FREL

Fidelity MSCI Real Estate Index ETF

FREL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund&#39;s underlying index. The fund&#39;s underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Grade (RS Rating)

Last Trade

$29.15

Average Daily Volume

168,611

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.80

Average Daily Volume

44,376

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

Performance

Period	FREL	LVHD
30 Days	-0.21%	0.60%
60 Days	-1.57%	1.38%
90 Days	1.70%	3.98%
12 Months	25.30%	21.09%

33 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in LVHD	Overlap
AAT	B	0.09%	0.06%	0.06%
ADC	A	0.51%	0.5%	0.5%
APLE	B	0.24%	0.24%	0.24%
BNL	D	0.21%	0.15%	0.15%
BRX	A	0.58%	0.5%	0.5%
CTRE	C	0.28%	0.31%	0.28%
CUBE	C	0.72%	0.49%	0.49%
DEA	D	0.08%	0.08%	0.08%
DOC	C	1.01%	0.26%	0.26%
EPR	C	0.23%	0.22%	0.22%
EPRT	B	0.37%	0.31%	0.31%
EQR	C	1.66%	0.8%	0.8%
ESS	B	1.3%	0.83%	0.83%
FCPT	C	0.18%	0.11%	0.11%
FRT	B	0.56%	0.51%	0.51%
GLPI	C	0.89%	0.48%	0.48%
GTY	A	0.11%	0.07%	0.07%
HIW	C	0.23%	0.2%	0.2%
HST	C	0.82%	1.01%	0.82%
KIM	A	1.12%	0.84%	0.84%
LTC	B	0.11%	0.08%	0.08%
LXP	D	0.19%	0.12%	0.12%
MAA	B	1.23%	0.87%	0.87%
NHI	D	0.23%	0.13%	0.13%
NNN	C	0.51%	0.33%	0.33%
NSA	C	0.22%	0.25%	0.22%
NTST	C	0.08%	0.11%	0.08%
REG	A	0.86%	0.63%	0.63%
ROIC	A	0.15%	0.13%	0.13%
STAG	D	0.45%	0.31%	0.31%
UNIT	B	0.09%	0.07%	0.07%
VICI	C	2.18%	1.4%	1.4%
WPC	C	0.8%	0.53%	0.53%

FREL Overweight 107 Positions Relative to LVHD

Symbol	Grade	Weight
PLD	F	7.1%
AMT	C	6.08%
EQIX	A	5.7%
WELL	A	5.08%
SPG	A	3.89%
DLR	B	3.77%
PSA	C	3.51%
O	C	3.23%
CCI	C	2.99%
CBRE	B	2.71%
EXR	C	2.32%
IRM	C	2.22%
AVB	B	2.16%
CSGP	D	2.05%
VTR	B	1.72%
SBAC	D	1.58%
WY	F	1.5%
INVH	D	1.37%
ARE	F	1.14%
SUI	C	1.03%
UDR	B	0.93%
CPT	B	0.86%
ELS	C	0.85%
JLL	D	0.84%
AMH	C	0.82%
Z	A	0.79%
BXP	C	0.79%
LAMR	C	0.75%
OHI	C	0.65%
REXR	F	0.61%
EGP	D	0.56%
FR	D	0.47%
VNO	C	0.46%
RHP	B	0.43%
TRNO	F	0.4%
COLD	D	0.4%
KRG	B	0.4%
SLG	B	0.34%
CUZ	B	0.32%
IRT	A	0.32%
PECO	A	0.31%
SBRA	C	0.29%
KRC	B	0.29%
RYN	D	0.28%
MAC	B	0.28%
SKT	A	0.26%
PK	C	0.22%
PCH	F	0.22%
CDP	C	0.22%
DEI	B	0.2%
UE	B	0.19%
AKR	B	0.18%
HHH	B	0.18%
MPW	F	0.17%
OUT	A	0.17%
COMP	B	0.17%
CWK	C	0.16%
IVT	A	0.15%
NMRK	C	0.15%
EQC	B	0.14%
SHO	D	0.13%
DRH	B	0.13%
JOE	F	0.12%
XHR	B	0.11%
ELME	D	0.1%
ESRT	C	0.1%
PEB	D	0.1%
RLJ	C	0.1%
GNL	F	0.1%
PDM	D	0.09%
VRE	B	0.09%
JBGS	F	0.09%
ALEX	B	0.09%
UMH	B	0.09%
KW	C	0.08%
OPEN	F	0.07%
AIV	C	0.07%
NXRT	B	0.07%
CSR	B	0.07%
RDFN	D	0.07%
MMI	C	0.07%
EXPI	D	0.07%
AHH	D	0.06%
PGRE	F	0.06%
PLYM	F	0.06%
BDN	C	0.06%
INN	D	0.05%
FOR	F	0.05%
WSR	A	0.05%
GOOD	B	0.05%
FPI	B	0.04%
ALX	D	0.04%
UHT	D	0.04%
GMRE	F	0.04%
OLP	B	0.04%
LAND	F	0.03%
FRPH	B	0.03%
DHC	F	0.03%
SVC	F	0.03%
CLDT	B	0.03%
PKST	F	0.03%
BFS	C	0.03%
HPP	F	0.03%
CHCT	C	0.03%
TRC	F	0.02%
RMR	F	0.02%
CBL	B	0.02%

FREL Underweight 85 Positions Relative to LVHD

Symbol	Grade	Weight
MO	A	-2.78%
MCD	D	-2.71%
CVX	A	-2.69%
HD	B	-2.66%
USB	A	-2.58%
CSCO	B	-2.57%
LMT	D	-2.54%
IBM	C	-2.47%
PM	B	-2.44%
SO	C	-2.41%
PEP	F	-2.39%
DUK	C	-2.33%
MDLZ	F	-2.32%
KO	D	-2.3%
JNJ	C	-2.29%
KDP	F	-2.26%
OKE	A	-2.18%
HSY	F	-2.14%
KMB	C	-2.1%
AEP	C	-2.07%
PAYX	B	-2.07%
PNC	B	-2.01%
GIS	D	-1.87%
XEL	A	-1.84%
EXC	C	-1.83%
SYY	D	-1.81%
K	A	-1.76%
DRI	B	-1.65%
ETR	B	-1.65%
WEC	A	-1.48%
ED	C	-1.28%
OMC	C	-1.17%
LYB	F	-1.16%
FANG	C	-1.14%
PKG	A	-1.06%
AEE	A	-1.04%
NI	A	-1.04%
DTE	C	-1.02%
EVRG	A	-0.93%
IPG	D	-0.9%
PNW	A	-0.71%
LNT	A	-0.67%
FNF	B	-0.54%
DTM	A	-0.42%
OGE	A	-0.37%
ONB	C	-0.35%
WTRG	B	-0.34%
AFG	A	-0.31%
POR	C	-0.31%
VLY	B	-0.29%
MSM	C	-0.28%
IDA	A	-0.28%
SON	F	-0.27%
FNB	A	-0.25%
OGS	A	-0.23%
BKH	A	-0.22%
INSW	F	-0.22%
SR	A	-0.19%
ALE	A	-0.19%
FHI	B	-0.17%
FIBK	B	-0.17%
NJR	A	-0.17%
FULT	A	-0.17%
BOH	B	-0.16%
UBSI	B	-0.16%
CBU	B	-0.14%
FHB	B	-0.14%
AVA	A	-0.14%
AUB	B	-0.13%
NWE	B	-0.13%
CNA	C	-0.12%
CVBF	A	-0.12%
PFS	B	-0.1%
FRME	B	-0.08%
NWN	A	-0.08%
TOWN	B	-0.07%
NBTB	B	-0.07%
HOPE	C	-0.07%
UVV	B	-0.07%
FFBC	B	-0.07%
NWBI	B	-0.07%
PINC	B	-0.06%
PFBC	B	-0.06%
LADR	B	-0.06%
FCF	B	-0.06%