FREL vs. REET ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to iShares Global REIT ETF (REET)
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

$29.13

Average Daily Volume

168,084

Number of Holdings *

140

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

iShares Global REIT ETF

REET Description The investment seeks to track the investment results of the FTSE EPRA/NAREIT Global REIT Index. The index is designed to track the performance of publicly-listed real estate investment trusts ("REITs") (or their local equivalents) in both developed and emerging markets. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index. The fund seeks to track the investment results of the index before the fees and expenses of the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.84

Average Daily Volume

672,816

Number of Holdings *

106

* may have additional holdings in another (foreign) market
Performance
Period FREL REET
30 Days -0.24% -1.22%
60 Days -1.75% -3.68%
90 Days 2.47% 0.44%
12 Months 26.25% 21.53%
97 Overlapping Holdings
Symbol Grade Weight in FREL Weight in REET Overlap
AAT B 0.09% 0.08% 0.08%
ADC B 0.51% 0.47% 0.47%
AHH D 0.06% 0.05% 0.05%
AIV C 0.07% 0.08% 0.07%
AKR B 0.18% 0.16% 0.16%
ALEX C 0.09% 0.09% 0.09%
AMH D 0.82% 0.78% 0.78%
APLE B 0.24% 0.21% 0.21%
ARE D 1.14% 1.11% 1.11%
AVB B 2.16% 1.99% 1.99%
BDN C 0.06% 0.05% 0.05%
BNL D 0.21% 0.19% 0.19%
BRX A 0.58% 0.54% 0.54%
BXP D 0.79% 0.76% 0.76%
CDP C 0.22% 0.21% 0.21%
COLD D 0.4% 0.39% 0.39%
CPT B 0.86% 0.77% 0.77%
CSR B 0.07% 0.07% 0.07%
CTRE D 0.28% 0.3% 0.28%
CUBE D 0.72% 0.67% 0.67%
CUZ B 0.32% 0.29% 0.29%
DEA D 0.08% 0.07% 0.07%
DEI B 0.2% 0.18% 0.18%
DLR B 3.77% 3.7% 3.7%
DOC D 1.01% 0.92% 0.92%
DRH B 0.13% 0.11% 0.11%
EGP F 0.56% 0.52% 0.52%
ELME D 0.1% 0.08% 0.08%
ELS C 0.85% 0.8% 0.8%
EPR D 0.23% 0.2% 0.2%
EPRT B 0.37% 0.36% 0.36%
EQIX A 5.7% 5.36% 5.36%
EQR B 1.66% 1.72% 1.66%
ESRT C 0.1% 0.09% 0.09%
ESS B 1.3% 1.18% 1.18%
EXR D 2.32% 2.12% 2.12%
FCPT C 0.18% 0.16% 0.16%
FR C 0.47% 0.43% 0.43%
FRT B 0.56% 0.57% 0.56%
GLPI C 0.89% 0.8% 0.8%
GNL F 0.1% 0.09% 0.09%
GTY B 0.11% 0.1% 0.1%
HIW D 0.23% 0.2% 0.2%
HPP F 0.03% 0.03% 0.03%
HST C 0.82% 0.74% 0.74%
INN D 0.05% 0.04% 0.04%
INVH D 1.37% 1.27% 1.27%
IRM D 2.22% 2.08% 2.08%
IRT A 0.32% 0.29% 0.29%
IVT B 0.15% 0.13% 0.13%
JBGS D 0.09% 0.08% 0.08%
KIM A 1.12% 1.01% 1.01%
KRC C 0.29% 0.28% 0.28%
KRG B 0.4% 0.36% 0.36%
LTC B 0.11% 0.1% 0.1%
LXP D 0.19% 0.16% 0.16%
MAA B 1.23% 1.12% 1.12%
MAC B 0.28% 0.26% 0.26%
MPW F 0.17% 0.16% 0.16%
NHI D 0.23% 0.2% 0.2%
NNN D 0.51% 0.48% 0.48%
NSA D 0.22% 0.18% 0.18%
NTST D 0.08% 0.08% 0.08%
NXRT B 0.07% 0.06% 0.06%
O D 3.23% 3.05% 3.05%
OHI C 0.65% 0.61% 0.61%
PDM D 0.09% 0.07% 0.07%
PEB D 0.1% 0.09% 0.09%
PECO A 0.31% 0.29% 0.29%
PGRE F 0.06% 0.05% 0.05%
PK B 0.22% 0.18% 0.18%
PLD D 7.1% 6.51% 6.51%
PSA D 3.51% 3.24% 3.24%
REG B 0.86% 0.83% 0.83%
REXR F 0.61% 0.57% 0.57%
RHP B 0.43% 0.4% 0.4%
RLJ C 0.1% 0.09% 0.09%
ROIC A 0.15% 0.13% 0.13%
SBRA C 0.29% 0.26% 0.26%
SHO C 0.13% 0.12% 0.12%
SKT B 0.26% 0.24% 0.24%
SLG B 0.34% 0.31% 0.31%
SPG B 3.89% 3.59% 3.59%
STAG F 0.45% 0.4% 0.4%
SUI D 1.03% 0.96% 0.96%
SVC F 0.03% 0.03% 0.03%
TRNO F 0.4% 0.35% 0.35%
UDR B 0.93% 0.89% 0.89%
UE C 0.19% 0.18% 0.18%
UMH C 0.09% 0.08% 0.08%
VICI C 2.18% 2.06% 2.06%
VNO B 0.46% 0.44% 0.44%
VRE B 0.09% 0.09% 0.09%
VTR C 1.72% 1.59% 1.59%
WELL A 5.08% 5.1% 5.08%
WPC D 0.8% 0.75% 0.75%
XHR B 0.11% 0.09% 0.09%
FREL Overweight 43 Positions Relative to REET
Symbol Grade Weight
AMT D 6.08%
CCI D 2.99%
CBRE B 2.71%
CSGP D 2.05%
SBAC D 1.58%
WY D 1.5%
JLL D 0.84%
Z A 0.79%
LAMR D 0.75%
RYN D 0.28%
PCH D 0.22%
HHH B 0.18%
OUT A 0.17%
COMP B 0.17%
CWK B 0.16%
NMRK B 0.15%
EQC B 0.14%
JOE F 0.12%
UNIT B 0.09%
KW B 0.08%
OPEN D 0.07%
RDFN D 0.07%
MMI B 0.07%
EXPI C 0.07%
PLYM F 0.06%
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 A 0.03%
DHC F 0.03%
CLDT B 0.03%
PKST D 0.03%
BFS C 0.03%
CHCT C 0.03%
TRC F 0.02%
RMR F 0.02%
CBL A 0.02%
FREL Underweight 9 Positions Relative to REET
Symbol Grade Weight
HR C -0.41%
LINE F -0.24%
IIPR D -0.18%
CURB D -0.16%
AHR A -0.14%
SILA C -0.09%
SAFE D -0.06%
SITC D -0.05%
SAR A -0.0%
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