FREL vs. MDIV ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV)

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

$29.68

Average Daily Volume

181,496

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.70

Average Daily Volume

79,080

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FREL	MDIV
30 Days	6.69%	3.08%
60 Days	10.62%	4.01%
90 Days	18.25%	7.67%
12 Months	26.83%	19.27%

19 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in MDIV	Overlap
AAT	B	0.08%	0.9%	0.08%
ALEX	B	0.09%	0.75%	0.09%
APLE	D	0.22%	0.8%	0.22%
BRX	B	0.53%	0.7%	0.53%
CTRE	C	0.27%	0.66%	0.27%
CUBE	B	0.78%	0.75%	0.75%
EPR	B	0.24%	1.14%	0.24%
EXR	B	2.42%	0.53%	0.53%
FCPT	C	0.18%	0.85%	0.18%
GLPI	C	0.92%	0.95%	0.92%
GTY	B	0.1%	0.9%	0.1%
LTC	C	0.11%	0.9%	0.11%
MAA	B	1.23%	0.65%	0.65%
NHI	C	0.24%	0.87%	0.24%
NNN	C	0.57%	0.77%	0.57%
PSA	B	3.65%	0.73%	0.73%
REG	C	0.84%	0.65%	0.65%
SPG	B	3.44%	0.7%	0.7%
VICI	C	2.25%	0.8%	0.8%

FREL Overweight 119 Positions Relative to MDIV

Symbol	Grade	Weight
PLD	C	7.76%
AMT	C	7.12%
EQIX	C	5.3%
WELL	C	4.69%
O	C	3.46%
CCI	C	3.33%
DLR	B	3.27%
CBRE	A	2.32%
IRM	C	2.2%
AVB	B	2.11%
CSGP	D	2.05%
VTR	C	1.69%
EQR	B	1.69%
SBAC	C	1.67%
WY	C	1.47%
INVH	C	1.43%
ESS	B	1.28%
ARE	C	1.23%
SUI	B	1.15%
KIM	C	1.03%
DOC	C	1.02%
UDR	C	0.93%
WPC	C	0.87%
AMH	C	0.86%
ELS	C	0.85%
CPT	B	0.84%
HST	C	0.78%
JLL	B	0.77%
BXP	B	0.75%
LAMR	B	0.72%
REXR	C	0.7%
OHI	B	0.64%
Z	B	0.58%
EGP	B	0.58%
FRT	C	0.56%
COLD	D	0.51%
ADC	C	0.49%
FR	B	0.48%
STAG	C	0.47%
TRNO	C	0.43%
VNO	B	0.38%
RHP	C	0.38%
KRG	B	0.38%
EPRT	B	0.35%
PECO	B	0.3%
IRT	B	0.3%
SLG	B	0.29%
CUZ	B	0.29%
SBRA	C	0.28%
RYN	C	0.28%
KRC	B	0.25%
PCH	C	0.23%
HIW	B	0.23%
MAC	B	0.23%
NSA	B	0.23%
MPW	C	0.22%
BNL	B	0.22%
SKT	B	0.22%
PK	D	0.19%
LXP	B	0.19%
UE	B	0.17%
DEI	B	0.17%
AKR	B	0.16%
COMP	C	0.15%
OUT	C	0.15%
DBRG	D	0.15%
HHH	C	0.15%
JOE	C	0.14%
EQC	C	0.14%
CWK	B	0.14%
NMRK	A	0.14%
ROIC	B	0.13%
SHO	C	0.13%
IVT	B	0.13%
GNL	C	0.12%
DRH	C	0.12%
ESRT	B	0.1%
PEB	D	0.1%
UMH	C	0.09%
RLJ	D	0.09%
RDFN	C	0.09%
XHR	B	0.09%
JBGS	C	0.09%
KW	C	0.08%
PDM	B	0.08%
UNIT	C	0.08%
NTST	D	0.08%
DEA	B	0.08%
OPEN	D	0.08%
PLYM	D	0.07%
MMI	C	0.07%
NXRT	C	0.07%
CSR	B	0.07%
EXPI	C	0.07%
AIV	B	0.07%
BDN	B	0.06%
WSR	D	0.05%
AHH	B	0.05%
SVC	D	0.05%
PGRE	C	0.05%
UHT	B	0.04%
OLP	B	0.04%
ALX	B	0.04%
DHC	B	0.04%
HPP	D	0.04%
GMRE	C	0.04%
INN	A	0.04%
GOOD	B	0.04%
FOR	C	0.04%
FRPH	D	0.03%
CLDT	D	0.03%
LAND	C	0.03%
FPI	D	0.03%
CHCT	F	0.03%
BFS	B	0.03%
PKST	C	0.03%
CBL	D	0.02%
TRC	D	0.02%
RMR	C	0.02%

FREL Underweight 83 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	A	-19.81%
PMT	C	-1.41%
RC	F	-1.41%
DKL	C	-1.36%
ARLP	D	-1.25%
KRP	C	-1.12%
BSM	D	-1.1%
LADR	B	-1.1%
AGNCN	B	-1.04%
CAPL	C	-1.0%
IIPR	B	-0.99%
CQP	F	-0.98%
DMLP	D	-0.97%
IEP	F	-0.96%
USAC	D	-0.96%
MPLX	B	-0.9%
ET	B	-0.86%
MO	C	-0.85%
WES	D	-0.84%
EPD	B	-0.79%
SUN	D	-0.76%
PAA	C	-0.73%
CHSCO	A	-0.72%
CHSCL	A	-0.71%
FITBI	B	-0.71%
NRP	C	-0.71%
PAGP	C	-0.7%
RZC	B	-0.67%
CHSCN	B	-0.66%
GLP	C	-0.65%
CHSCM	B	-0.65%
T	C	-0.65%
GEL	D	-0.62%
VZ	B	-0.6%
UVV	D	-0.56%
WU	F	-0.54%
BMY	C	-0.53%
ENLC	B	-0.52%
GILD	B	-0.5%
BBY	C	-0.49%
NWE	B	-0.46%
EVRG	B	-0.45%
PNW	C	-0.45%
ES	C	-0.44%
K	B	-0.44%
AVA	C	-0.44%
SR	B	-0.43%
IBM	B	-0.43%
DTM	B	-0.43%
CAG	C	-0.41%
BKH	B	-0.41%
LYB	D	-0.4%
ETR	B	-0.39%
VTRS	D	-0.39%
AEP	C	-0.39%
FAF	B	-0.39%
FE	C	-0.39%
DUK	C	-0.39%
POR	C	-0.39%
OGS	B	-0.39%
EIX	C	-0.39%
ABBV	C	-0.38%
XEL	B	-0.38%
WEC	C	-0.38%
PNM	B	-0.37%
FNF	B	-0.37%
PRU	C	-0.37%
SO	B	-0.36%
NI	B	-0.36%
LNT	B	-0.36%
KHC	C	-0.35%
EXC	C	-0.35%
NJR	B	-0.34%
CHRD	F	-0.34%
STT	A	-0.34%
FANG	D	-0.33%
TROW	D	-0.33%
NFG	B	-0.32%
MS	D	-0.31%
CVS	D	-0.3%
HPQ	D	-0.29%
CVX	D	-0.28%
NMM	B	-0.06%