FREL vs. QVMS ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)
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's underlying index. The fund'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

$28.77

Average Daily Volume

166,812

Number of Holdings *

140

* may have additional holdings in another (foreign) market
QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description The investment seeks to track the investment results of the S&P SmallCap 600 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.42

Average Daily Volume

502

Number of Holdings *

523

* may have additional holdings in another (foreign) market
Performance
Period FREL QVMS
30 Days -2.54% 2.78%
60 Days -2.04% 4.52%
90 Days 3.74% 7.12%
12 Months 24.43% 27.75%
41 Overlapping Holdings
Symbol Grade Weight in FREL Weight in QVMS Overlap
AAT A 0.09% 0.1% 0.09%
AHH D 0.06% 0.06% 0.06%
AKR A 0.18% 0.19% 0.18%
ALEX B 0.09% 0.1% 0.09%
APLE B 0.24% 0.27% 0.24%
BDN C 0.06% 0.07% 0.06%
BFS C 0.03% 0.04% 0.03%
CSR A 0.07% 0.08% 0.07%
CTRE C 0.28% 0.32% 0.28%
CWK C 0.17% 0.21% 0.17%
DEA D 0.09% 0.1% 0.09%
DEI B 0.21% 0.23% 0.21%
DRH B 0.14% 0.15% 0.14%
ELME D 0.1% 0.11% 0.1%
EPRT A 0.36% 0.43% 0.36%
EXPI C 0.08% 0.07% 0.07%
FCPT C 0.18% 0.18% 0.18%
GNL D 0.11% 0.11% 0.11%
GTY A 0.11% 0.12% 0.11%
HIW D 0.24% 0.26% 0.24%
HPP F 0.04% 0.04% 0.04%
INN D 0.05% 0.05% 0.05%
JBGS F 0.1% 0.1% 0.1%
JOE F 0.13% 0.14% 0.13%
LTC B 0.11% 0.13% 0.11%
LXP D 0.19% 0.21% 0.19%
MAC A 0.28% 0.31% 0.28%
MMI B 0.07% 0.08% 0.07%
MPW F 0.18% 0.18% 0.18%
NXRT A 0.07% 0.08% 0.07%
PEB F 0.1% 0.12% 0.1%
PECO A 0.31% 0.35% 0.31%
ROIC A 0.15% 0.17% 0.15%
SHO D 0.14% 0.16% 0.14%
SKT A 0.26% 0.29% 0.26%
SLG B 0.36% 0.37% 0.36%
SVC F 0.03% 0.04% 0.03%
UE A 0.19% 0.21% 0.19%
UHT D 0.04% 0.04% 0.04%
WSR A 0.05% 0.05% 0.05%
XHR B 0.11% 0.13% 0.11%
FREL Overweight 99 Positions Relative to QVMS
Symbol Grade Weight
PLD D 7.01%
AMT D 6.12%
EQIX A 5.71%
WELL A 5.13%
SPG A 3.8%
DLR A 3.74%
PSA C 3.49%
O C 3.22%
CCI C 3.0%
CBRE B 2.68%
EXR C 2.31%
IRM C 2.28%
AVB B 2.14%
VICI C 2.13%
CSGP F 2.07%
VTR B 1.73%
EQR C 1.62%
SBAC D 1.59%
WY D 1.53%
INVH D 1.35%
ESS A 1.26%
MAA A 1.19%
ARE F 1.18%
KIM A 1.11%
DOC D 1.06%
SUI C 1.01%
UDR C 0.9%
GLPI C 0.89%
REG A 0.86%
HST D 0.84%
CPT C 0.84%
JLL D 0.84%
ELS B 0.82%
BXP D 0.81%
AMH C 0.8%
WPC C 0.8%
LAMR D 0.79%
Z A 0.76%
CUBE C 0.71%
OHI B 0.66%
REXR F 0.62%
BRX A 0.57%
EGP D 0.56%
FRT B 0.56%
NNN C 0.5%
VNO C 0.49%
ADC A 0.49%
FR C 0.47%
STAG D 0.46%
RHP B 0.43%
COLD F 0.42%
KRG A 0.4%
TRNO D 0.39%
CUZ B 0.33%
IRT A 0.31%
KRC C 0.3%
SBRA B 0.3%
RYN D 0.29%
NHI D 0.24%
CDP C 0.24%
EPR D 0.23%
BNL D 0.22%
NSA C 0.22%
PCH D 0.22%
PK D 0.21%
COMP B 0.18%
HHH B 0.18%
OUT A 0.17%
NMRK B 0.15%
IVT A 0.15%
EQC A 0.14%
RLJ C 0.1%
ESRT C 0.1%
VRE A 0.09%
UMH A 0.09%
PDM D 0.09%
UNIT B 0.09%
RDFN D 0.09%
NTST D 0.08%
KW B 0.08%
OPEN F 0.07%
AIV C 0.07%
PGRE D 0.06%
PLYM F 0.06%
FOR F 0.05%
GOOD A 0.05%
ALX D 0.04%
OLP A 0.04%
GMRE F 0.04%
LAND F 0.03%
FRPH A 0.03%
DHC F 0.03%
CLDT C 0.03%
CHCT C 0.03%
PKST F 0.03%
FPI A 0.03%
TRC F 0.02%
CBL A 0.02%
RMR F 0.02%
FREL Underweight 482 Positions Relative to QVMS
Symbol Grade Weight
MLI B -0.84%
CMA B -0.71%
CRS A -0.69%
RHI C -0.59%
JXN C -0.58%
GKOS A -0.56%
ATI C -0.55%
SPSC F -0.54%
VFC C -0.53%
AWI B -0.53%
COOP B -0.51%
MTH D -0.51%
MOG.A B -0.5%
LNC B -0.5%
BMI C -0.5%
AVAV C -0.48%
BCC C -0.47%
FSS B -0.47%
BCPC B -0.47%
ACIW B -0.47%
GPI B -0.46%
ABG B -0.46%
MATX B -0.46%
ALK A -0.46%
SM C -0.45%
MARA C -0.45%
MMSI A -0.44%
MC B -0.43%
RDNT B -0.43%
PIPR B -0.42%
ITRI B -0.42%
SEE D -0.42%
AL B -0.42%
RDN D -0.42%
ACA A -0.41%
MGY A -0.41%
IBP F -0.4%
EAT A -0.4%
ALKS C -0.39%
DY C -0.39%
CORT C -0.38%
SFBS B -0.38%
AGO A -0.37%
WHD B -0.36%
ABCB B -0.36%
ITGR B -0.36%
IDCC B -0.36%
FELE B -0.35%
AEIS B -0.35%
AX B -0.35%
GTES A -0.35%
NSIT F -0.35%
SKYW B -0.35%
SHAK C -0.35%
SIG C -0.35%
KTB A -0.35%
MHO D -0.34%
FUL F -0.34%
SANM B -0.34%
KRYS C -0.33%
PBH A -0.33%
OGN F -0.33%
GVA A -0.33%
PLXS B -0.33%
FTDR B -0.33%
NOG B -0.33%
RUSHA B -0.32%
KFY B -0.32%
LRN A -0.32%
SEM B -0.32%
TPH D -0.32%
BGC C -0.32%
FULT B -0.32%
CRC A -0.31%
HCC B -0.31%
ABM B -0.31%
REZI A -0.31%
AUB B -0.31%
GMS B -0.31%
UCB A -0.31%
DORM B -0.3%
CBU B -0.3%
JBT A -0.3%
VRRM F -0.3%
WDFC B -0.3%
CATY B -0.3%
WD D -0.29%
WSFS B -0.29%
MGEE A -0.29%
DXC D -0.29%
CALM A -0.29%
GEO A -0.29%
BOOT D -0.28%
SITM B -0.28%
PJT B -0.28%
CEIX A -0.28%
ASO F -0.28%
CVCO A -0.28%
ESE B -0.28%
AROC A -0.28%
OTTR C -0.28%
FHB B -0.28%
FBP B -0.28%
NPO A -0.28%
HP C -0.27%
RXO C -0.27%
AEO F -0.27%
STEP B -0.27%
AMR C -0.26%
ATGE B -0.26%
FORM F -0.26%
BRC C -0.26%
GNW A -0.26%
ICUI D -0.26%
IAC D -0.26%
APAM B -0.26%
SXT C -0.26%
BFH B -0.26%
CVBF B -0.25%
SFNC B -0.25%
TDW F -0.25%
CCOI B -0.25%
INDB B -0.25%
TRN A -0.25%
IOSP C -0.25%
CNK A -0.25%
ARCH B -0.25%
ALRM C -0.25%
PENN C -0.25%
HUBG A -0.25%
NWL B -0.25%
CRVL A -0.25%
BKU A -0.25%
OII B -0.25%
NMIH D -0.24%
AWR A -0.24%
SHOO D -0.24%
ENVA B -0.24%
GSHD B -0.24%
TBBK B -0.24%
TDS B -0.24%
SLVM C -0.24%
BXMT C -0.24%
VSCO A -0.24%
ENV B -0.24%
BL C -0.24%
CWEN C -0.24%
SMPL B -0.24%
BOH B -0.24%
BTU C -0.24%
AVA C -0.23%
PRK B -0.23%
PTEN C -0.23%
PFS B -0.23%
HASI F -0.23%
GFF B -0.23%
CWT C -0.23%
VCEL A -0.23%
LCII D -0.23%
UNF B -0.23%
VIRT A -0.23%
AAP D -0.22%
LBRT F -0.22%
DIOD F -0.22%
POWL C -0.22%
IIPR F -0.22%
ABR B -0.22%
PPBI B -0.22%
HI C -0.22%
PRGS B -0.22%
CARG B -0.22%
FFBC B -0.22%
PAYO A -0.21%
B A -0.21%
JJSF C -0.21%
EPAC B -0.21%
MTRN C -0.21%
MYRG C -0.21%
PATK D -0.21%
ACLS F -0.21%
AZZ A -0.21%
PLMR A -0.21%
CPK A -0.21%
SNEX B -0.21%
HNI B -0.21%
ARCB C -0.21%
KLIC C -0.21%
AIN C -0.21%
HBI B -0.21%
MTX C -0.21%
SXI B -0.2%
CCS F -0.2%
SBCF B -0.2%
WAFD B -0.2%
WERN B -0.2%
IPAR C -0.2%
NBTB B -0.2%
VSTO A -0.2%
HWKN B -0.2%
TTMI B -0.2%
CNS B -0.2%
BANR B -0.2%
AGYS A -0.2%
KWR D -0.19%
PINC B -0.19%
TRMK B -0.19%
PRVA C -0.19%
UFPT C -0.19%
FL F -0.19%
RNST B -0.19%
CPRX C -0.19%
ENR B -0.19%
OSIS A -0.19%
PHIN B -0.19%
CXW B -0.19%
YELP C -0.19%
VIAV C -0.18%
PSMT D -0.18%
KMT C -0.18%
KAR A -0.18%
PLUS F -0.18%
TFIN B -0.18%
IBTX B -0.18%
CAKE B -0.18%
CNMD C -0.17%
PRG C -0.17%
CENTA C -0.17%
JBLU F -0.17%
GBX B -0.17%
STRA C -0.17%
OFG B -0.17%
ADUS D -0.17%
LGIH F -0.17%
SATS C -0.17%
AIR B -0.17%
MRCY C -0.17%
MCY B -0.17%
SUPN B -0.17%
PTGX D -0.17%
ROCK D -0.17%
EVTC B -0.17%
URBN C -0.17%
NEO C -0.16%
STC B -0.16%
KSS F -0.16%
LMAT A -0.16%
GO C -0.16%
CABO C -0.16%
ALG C -0.16%
HAYW B -0.16%
FBK B -0.16%
OI D -0.16%
CASH B -0.16%
EPC F -0.15%
MLKN F -0.15%
WGO D -0.15%
TALO C -0.15%
NHC B -0.15%
APOG B -0.15%
RAMP C -0.15%
TRUP B -0.15%
NBHC B -0.15%
FBNC B -0.15%
NWBI B -0.15%
LGND C -0.15%
FTRE D -0.15%
FCF B -0.15%
LKFN B -0.15%
CHCO B -0.15%
PLAB D -0.14%
CTS C -0.14%
NTCT C -0.14%
HLX C -0.14%
VECO F -0.14%
VSTS F -0.14%
BANF B -0.14%
TNC F -0.14%
HMN B -0.14%
KN B -0.14%
WWW A -0.14%
BHE B -0.14%
PRDO B -0.14%
CALX D -0.14%
LZB B -0.14%
IART C -0.14%
SONO C -0.14%
ROG D -0.14%
GRBK D -0.14%
CSGS B -0.13%
CUBI C -0.13%
ANDE F -0.13%
AMWD C -0.13%
VBTX B -0.13%
STBA B -0.13%
PDCO F -0.13%
WKC D -0.13%
TRIP F -0.13%
ASTH F -0.13%
HOPE B -0.13%
DNOW B -0.13%
UCTT F -0.13%
VRTS B -0.13%
SCL D -0.13%
MYGN F -0.12%
THRM F -0.12%
TILE B -0.12%
DFIN D -0.12%
HTH B -0.12%
NWN A -0.12%
THS F -0.12%
WABC B -0.12%
CHEF B -0.12%
SJW F -0.12%
UPBD C -0.12%
SCSC B -0.11%
KALU C -0.11%
NX C -0.11%
USPH C -0.11%
NAVI F -0.11%
BKE B -0.11%
SPNT A -0.11%
LNN B -0.11%
STAA F -0.11%
SBH B -0.11%
HLIT D -0.11%
WS B -0.11%
VICR C -0.1%
BLMN F -0.1%
DGII B -0.1%
WOR F -0.1%
MODG F -0.1%
DAN F -0.1%
UNFI B -0.1%
CRK A -0.1%
WT A -0.1%
SAFT B -0.1%
COHU D -0.1%
BHLB B -0.1%
UVV B -0.1%
EIG B -0.1%
SNDR B -0.09%
PARR F -0.09%
AMN F -0.09%
ICHR C -0.09%
FIZZ C -0.09%
CBRL C -0.09%
ARLO C -0.09%
PMT D -0.09%
FDP B -0.09%
RC D -0.09%
OXM F -0.09%
BRKL B -0.09%
AMSF B -0.09%
AORT B -0.09%
MSEX B -0.09%
SXC A -0.09%
XNCR B -0.09%
CARS C -0.09%
ATEN A -0.09%
CENX B -0.09%
ARI C -0.09%
PFBC B -0.09%
NVEE F -0.09%
MD C -0.09%
DCOM A -0.09%
CERT F -0.09%
PLAY D -0.09%
PRLB C -0.08%
HRMY F -0.08%
MRTN C -0.08%
TMP B -0.08%
VVI B -0.08%
EFC C -0.08%
DXPE B -0.08%
PRAA C -0.08%
VTOL B -0.08%
COLL F -0.08%
ANIP D -0.08%
INVA C -0.08%
LPG F -0.08%
KLG D -0.08%
VTLE C -0.08%
GIII D -0.08%
XRX F -0.08%
SBSI B -0.08%
CLB C -0.08%
CXM C -0.08%
FBRT C -0.08%
DLX B -0.08%
MCRI A -0.08%
QNST C -0.08%
SAH B -0.08%
ALGT C -0.08%
CAL F -0.08%
CPF B -0.07%
KOP C -0.07%
BLFS C -0.07%
EYE C -0.07%
CFFN B -0.07%
ODP F -0.07%
HCSG C -0.07%
AVNS F -0.07%
BJRI C -0.07%
WNC D -0.07%
EGBN B -0.07%
PRA B -0.07%
PCRX C -0.07%
ASTE C -0.07%
RWT D -0.07%
OMI F -0.07%
MNRO C -0.07%
HFWA B -0.07%
XPEL C -0.07%
UTL C -0.07%
HSII B -0.07%
GDEN B -0.06%
TRST B -0.06%
REX D -0.06%
AHCO D -0.06%
NBR D -0.06%
HAYN A -0.06%
JBSS F -0.06%
NABL F -0.06%
MCW C -0.06%
HSTM A -0.06%
MATW C -0.06%
SSTK F -0.06%
HAFC B -0.06%
GPRE F -0.06%
AXL C -0.06%
AOSL C -0.06%
CNXN D -0.06%
HCI C -0.06%
MGPI F -0.06%
RCUS F -0.06%
ASIX C -0.06%
HTZ C -0.05%
VSAT F -0.05%
HAIN D -0.05%
CEVA B -0.05%
HZO F -0.05%
CTKB C -0.05%
MTUS D -0.05%
SMP C -0.05%
SPTN F -0.05%
CVI D -0.05%
KREF D -0.05%
IIIN D -0.05%
SCHL F -0.05%
SCVL F -0.05%
NVRI F -0.05%
RGR F -0.05%
SHEN F -0.05%
EZPW A -0.05%
MATV F -0.05%
ETD D -0.05%
PUMP D -0.05%
SWI B -0.05%
USNA C -0.04%
RGNX D -0.04%
KELYA F -0.04%
MYE F -0.04%
GDOT D -0.04%
BGS F -0.04%
GES F -0.04%
GOGO C -0.04%
PAHC B -0.04%
SLP F -0.04%
TR B -0.04%
UFCS A -0.04%
LQDT A -0.04%
RES F -0.04%
SNCY C -0.04%
HTLD B -0.04%
MLAB F -0.04%
AMBC C -0.04%
CRSR D -0.03%
TWI F -0.03%
FLGT F -0.03%
NPK C -0.03%
WRLD D -0.03%
THRY F -0.03%
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