FREL vs. RWR ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to SPDR DJ Wilshire REIT ETF (RWR)

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

$29.13

Average Daily Volume

168,084

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$106.12

Average Daily Volume

327,897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FREL	RWR
30 Days	-0.24%	-0.02%
60 Days	-1.75%	-1.25%
90 Days	2.47%	2.77%
12 Months	26.25%	28.33%

97 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in RWR	Overlap
AAT	B	0.09%	0.13%	0.09%
ADC	B	0.51%	0.75%	0.51%
AIV	C	0.07%	0.11%	0.07%
AKR	B	0.18%	0.25%	0.18%
ALEX	C	0.09%	0.14%	0.09%
AMH	D	0.82%	1.16%	0.82%
APLE	B	0.24%	0.34%	0.24%
ARE	D	1.14%	1.66%	1.14%
AVB	B	2.16%	3.18%	2.16%
BDN	C	0.06%	0.09%	0.06%
BNL	D	0.21%	0.31%	0.21%
BRX	A	0.58%	0.85%	0.58%
BXP	D	0.79%	1.13%	0.79%
CDP	C	0.22%	0.33%	0.22%
CHCT	C	0.03%	0.05%	0.03%
CLDT	B	0.03%	0.04%	0.03%
COLD	D	0.4%	0.56%	0.4%
CPT	B	0.86%	1.26%	0.86%
CSR	B	0.07%	0.11%	0.07%
CTRE	D	0.28%	0.49%	0.28%
CUBE	D	0.72%	1.06%	0.72%
CUZ	B	0.32%	0.46%	0.32%
DEA	D	0.08%	0.12%	0.08%
DEI	B	0.2%	0.3%	0.2%
DHC	F	0.03%	0.05%	0.03%
DLR	B	3.77%	4.39%	3.77%
DOC	D	1.01%	1.47%	1.01%
DRH	B	0.13%	0.18%	0.13%
EGP	F	0.56%	0.82%	0.56%
ELME	D	0.1%	0.14%	0.1%
ELS	C	0.85%	1.31%	0.85%
EPR	D	0.23%	0.33%	0.23%
EPRT	B	0.37%	0.56%	0.37%
EQC	B	0.14%	0.21%	0.14%
EQIX	A	5.7%	7.79%	5.7%
EQR	B	1.66%	2.45%	1.66%
ESRT	C	0.1%	0.14%	0.1%
ESS	B	1.3%	1.91%	1.3%
EXR	D	2.32%	3.4%	2.32%
FCPT	C	0.18%	0.25%	0.18%
FR	C	0.47%	0.68%	0.47%
FRT	B	0.56%	0.84%	0.56%
GMRE	F	0.04%	0.05%	0.04%
GNL	F	0.1%	0.14%	0.1%
GTY	B	0.11%	0.15%	0.11%
HIW	D	0.23%	0.33%	0.23%
HPP	F	0.03%	0.06%	0.03%
HST	C	0.82%	1.2%	0.82%
INN	D	0.05%	0.07%	0.05%
INVH	D	1.37%	1.88%	1.37%
IRT	A	0.32%	0.46%	0.32%
JBGS	D	0.09%	0.13%	0.09%
KIM	A	1.12%	1.64%	1.12%
KRC	C	0.29%	0.41%	0.29%
KRG	B	0.4%	0.58%	0.4%
LXP	D	0.19%	0.27%	0.19%
MAA	B	1.23%	1.81%	1.23%
MAC	B	0.28%	0.41%	0.28%
MPW	F	0.17%	0.25%	0.17%
NHI	D	0.23%	0.33%	0.23%
NNN	D	0.51%	0.75%	0.51%
NSA	D	0.22%	0.29%	0.22%
NTST	D	0.08%	0.12%	0.08%
NXRT	B	0.07%	0.1%	0.07%
O	D	3.23%	4.08%	3.23%
OHI	C	0.65%	1.01%	0.65%
PDM	D	0.09%	0.12%	0.09%
PEB	D	0.1%	0.15%	0.1%
PECO	A	0.31%	0.47%	0.31%
PGRE	F	0.06%	0.09%	0.06%
PK	B	0.22%	0.3%	0.22%
PLD	D	7.1%	9.67%	7.1%
PLYM	F	0.06%	0.07%	0.06%
PSA	D	3.51%	4.4%	3.51%
REG	B	0.86%	1.18%	0.86%
REXR	F	0.61%	0.9%	0.61%
RHP	B	0.43%	0.66%	0.43%
RLJ	C	0.1%	0.15%	0.1%
ROIC	A	0.15%	0.22%	0.15%
SHO	C	0.13%	0.2%	0.13%
SKT	B	0.26%	0.38%	0.26%
SLG	B	0.34%	0.48%	0.34%
SPG	B	3.89%	4.66%	3.89%
STAG	F	0.45%	0.65%	0.45%
SUI	D	1.03%	1.43%	1.03%
SVC	F	0.03%	0.05%	0.03%
TRNO	F	0.4%	0.58%	0.4%
UDR	B	0.93%	1.31%	0.93%
UE	C	0.19%	0.27%	0.19%
UHT	D	0.04%	0.05%	0.04%
UMH	C	0.09%	0.13%	0.09%
VNO	B	0.46%	0.68%	0.46%
VRE	B	0.09%	0.15%	0.09%
VTR	C	1.72%	2.58%	1.72%
WELL	A	5.08%	4.6%	4.6%
WPC	D	0.8%	1.18%	0.8%
XHR	B	0.11%	0.15%	0.11%

FREL Overweight 43 Positions Relative to RWR

Symbol	Grade	Weight
AMT	D	6.08%
CCI	D	2.99%
CBRE	B	2.71%
IRM	D	2.22%
VICI	C	2.18%
CSGP	D	2.05%
SBAC	D	1.58%
WY	D	1.5%
GLPI	C	0.89%
JLL	D	0.84%
Z	A	0.79%
LAMR	D	0.75%
SBRA	C	0.29%
RYN	D	0.28%
PCH	D	0.22%
HHH	B	0.18%
OUT	A	0.17%
COMP	B	0.17%
CWK	B	0.16%
IVT	B	0.15%
NMRK	B	0.15%
JOE	F	0.12%
LTC	B	0.11%
UNIT	B	0.09%
KW	B	0.08%
OPEN	D	0.07%
RDFN	D	0.07%
MMI	B	0.07%
EXPI	C	0.07%
AHH	D	0.06%
FOR	F	0.05%
WSR	A	0.05%
GOOD	B	0.05%
FPI	B	0.04%
ALX	D	0.04%
OLP	B	0.04%
LAND	F	0.03%
FRPH	A	0.03%
PKST	D	0.03%
BFS	C	0.03%
TRC	F	0.02%
RMR	F	0.02%
CBL	A	0.02%

FREL Underweight 1 Positions Relative to RWR

	Symbol	Grade	Weight
	IIPR	D	-0.29%