FREL vs. SPSM ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to SPDR Portfolio Small Cap ETF (SPSM)

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

$28.45

Average Daily Volume

167,752

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.86

Average Daily Volume

1,569,736

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

Performance

Period	FREL	SPSM
30 Days	-3.79%	1.47%
60 Days	-4.43%	5.43%
90 Days	3.63%	7.16%
12 Months	23.55%	28.50%

45 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in SPSM	Overlap
AAT	B	0.09%	0.09%	0.09%
AHH	B	0.06%	0.05%	0.05%
AKR	B	0.18%	0.18%	0.18%
ALEX	B	0.09%	0.1%	0.09%
APLE	F	0.24%	0.24%	0.24%
BDN	B	0.06%	0.06%	0.06%
BFS	B	0.03%	0.03%	0.03%
CSR	A	0.07%	0.08%	0.07%
CTRE	A	0.28%	0.36%	0.28%
CWK	C	0.17%	0.24%	0.17%
DEA	B	0.09%	0.09%	0.09%
DEI	B	0.21%	0.22%	0.21%
DRH	D	0.14%	0.13%	0.13%
ELME	A	0.1%	0.11%	0.1%
EPRT	A	0.36%	0.39%	0.36%
EXPI	F	0.08%	0.09%	0.08%
FCPT	A	0.18%	0.18%	0.18%
GNL	B	0.11%	0.11%	0.11%
GTY	A	0.11%	0.11%	0.11%
HIW	A	0.24%	0.25%	0.24%
HPP	D	0.04%	0.05%	0.04%
INN	C	0.05%	0.05%	0.05%
JBGS	B	0.1%	0.1%	0.1%
JOE	C	0.13%	0.14%	0.13%
KW	B	0.08%	0.09%	0.08%
LTC	B	0.11%	0.12%	0.11%
LXP	B	0.19%	0.2%	0.19%
MAC	C	0.28%	0.29%	0.28%
MMI	C	0.07%	0.07%	0.07%
MPW	C	0.18%	0.19%	0.18%
NXRT	B	0.07%	0.07%	0.07%
OUT	B	0.17%	0.17%	0.17%
PEB	F	0.1%	0.11%	0.1%
PECO	A	0.31%	0.33%	0.31%
ROIC	B	0.15%	0.15%	0.15%
SHO	D	0.14%	0.15%	0.14%
SKT	A	0.26%	0.27%	0.26%
SLG	C	0.36%	0.36%	0.36%
SVC	F	0.03%	0.04%	0.03%
UE	B	0.19%	0.19%	0.19%
UHT	A	0.04%	0.04%	0.04%
UNIT	B	0.09%	0.1%	0.09%
VRE	B	0.09%	0.1%	0.09%
WSR	D	0.05%	0.04%	0.04%
XHR	D	0.11%	0.11%	0.11%

FREL Overweight 95 Positions Relative to SPSM

Symbol	Grade	Weight
PLD	B	7.01%
AMT	A	6.12%
EQIX	C	5.71%
WELL	A	5.13%
SPG	B	3.8%
DLR	D	3.74%
PSA	A	3.49%
O	A	3.22%
CCI	A	3.0%
CBRE	B	2.68%
EXR	B	2.31%
IRM	B	2.28%
AVB	A	2.14%
VICI	A	2.13%
CSGP	C	2.07%
VTR	A	1.73%
EQR	A	1.62%
SBAC	B	1.59%
WY	C	1.53%
INVH	A	1.35%
ESS	A	1.26%
MAA	B	1.19%
ARE	D	1.18%
KIM	A	1.11%
DOC	B	1.06%
SUI	A	1.01%
UDR	A	0.9%
GLPI	A	0.89%
REG	A	0.86%
HST	D	0.84%
CPT	B	0.84%
JLL	B	0.84%
ELS	A	0.82%
BXP	A	0.81%
AMH	A	0.8%
WPC	B	0.8%
LAMR	A	0.79%
Z	C	0.76%
CUBE	B	0.71%
OHI	A	0.66%
REXR	C	0.62%
BRX	A	0.57%
EGP	B	0.56%
FRT	A	0.56%
NNN	A	0.5%
VNO	B	0.49%
ADC	A	0.49%
FR	A	0.47%
STAG	B	0.46%
RHP	D	0.43%
COLD	B	0.42%
KRG	A	0.4%
TRNO	B	0.39%
CUZ	A	0.33%
IRT	B	0.31%
KRC	C	0.3%
SBRA	A	0.3%
RYN	C	0.29%
NHI	A	0.24%
CDP	B	0.24%
EPR	A	0.23%
BNL	B	0.22%
NSA	B	0.22%
PCH	C	0.22%
PK	D	0.21%
COMP	B	0.18%
HHH	C	0.18%
NMRK	B	0.15%
IVT	A	0.15%
EQC	B	0.14%
RLJ	F	0.1%
ESRT	B	0.1%
UMH	A	0.09%
PDM	B	0.09%
RDFN	C	0.09%
NTST	B	0.08%
OPEN	D	0.07%
AIV	B	0.07%
PGRE	C	0.06%
PLYM	C	0.06%
FOR	F	0.05%
GOOD	A	0.05%
ALX	B	0.04%
OLP	A	0.04%
GMRE	D	0.04%
LAND	D	0.03%
FRPH	D	0.03%
DHC	C	0.03%
CLDT	F	0.03%
CHCT	F	0.03%
PKST	D	0.03%
FPI	D	0.03%
TRC	C	0.02%
CBL	B	0.02%
RMR	C	0.02%

FREL Underweight 541 Positions Relative to SPSM

Symbol	Grade	Weight
MLI	C	-0.73%
LUMN	C	-0.65%
CMA	C	-0.63%
CRS	C	-0.61%
JXN	B	-0.58%
RHI	D	-0.54%
GKOS	C	-0.53%
VFC	C	-0.5%
BBWI	F	-0.49%
ATI	C	-0.49%
SPSC	D	-0.48%
CSWI	C	-0.48%
MTH	C	-0.47%
BMI	C	-0.46%
AWI	C	-0.46%
ALK	D	-0.45%
COOP	B	-0.44%
MOG.A	C	-0.44%
ETSY	D	-0.43%
ACIW	B	-0.43%
AVAV	C	-0.43%
LNC	C	-0.42%
MMSI	A	-0.41%
INSP	B	-0.41%
BCPC	C	-0.4%
ZWS	D	-0.39%
MARA	F	-0.39%
FSS	D	-0.38%
MATX	B	-0.38%
MC	B	-0.38%
BCC	C	-0.38%
ITRI	D	-0.38%
PIPR	B	-0.37%
DY	D	-0.36%
SEE	D	-0.36%
ABG	C	-0.36%
SHAK	C	-0.36%
GPI	B	-0.36%
CORT	C	-0.35%
IBP	F	-0.35%
ACA	C	-0.35%
RDN	C	-0.35%
MGY	D	-0.35%
AL	D	-0.34%
EAT	B	-0.34%
BOX	B	-0.34%
SM	D	-0.34%
KRYS	C	-0.33%
SFBS	C	-0.33%
ALKS	C	-0.33%
GTES	C	-0.33%
NSIT	C	-0.33%
SANM	D	-0.32%
ADMA	C	-0.32%
PI	B	-0.32%
RDNT	B	-0.32%
WHD	C	-0.31%
AEIS	D	-0.31%
KTB	B	-0.31%
ABCB	B	-0.31%
SKYW	D	-0.31%
PLXS	C	-0.31%
HIMS	D	-0.31%
MHO	C	-0.31%
IDCC	B	-0.31%
ITGR	A	-0.31%
FELE	D	-0.3%
AGO	B	-0.3%
BGC	A	-0.3%
AX	C	-0.3%
FUL	C	-0.3%
FTDR	B	-0.3%
SIG	F	-0.3%
ICUI	B	-0.3%
KFY	C	-0.29%
OGN	C	-0.29%
GVA	B	-0.29%
LRN	B	-0.29%
SITM	C	-0.29%
PBH	A	-0.28%
NOG	D	-0.28%
STEP	B	-0.28%
SEM	D	-0.28%
DXC	B	-0.28%
BOOT	C	-0.28%
VRRM	D	-0.27%
IAC	C	-0.27%
RUSHA	C	-0.27%
HCC	F	-0.27%
TPH	C	-0.27%
GMS	D	-0.27%
CRC	D	-0.27%
RXO	D	-0.27%
FULT	C	-0.26%
TGTX	C	-0.26%
JBT	F	-0.26%
HASI	B	-0.26%
UCB	C	-0.26%
ASO	D	-0.26%
AUB	C	-0.26%
PJT	C	-0.26%
NWL	B	-0.26%
CVCO	C	-0.26%
SMTC	B	-0.26%
MSGS	B	-0.26%
AROC	D	-0.26%
CBU	C	-0.25%
WD	B	-0.25%
MDU	D	-0.25%
HP	F	-0.25%
ABM	A	-0.25%
CCOI	B	-0.25%
DORM	B	-0.25%
ESE	C	-0.25%
CALM	B	-0.25%
WDFC	B	-0.25%
BTU	D	-0.25%
CATY	C	-0.25%
ATGE	C	-0.24%
FBP	B	-0.24%
AEO	D	-0.24%
CEIX	D	-0.24%
SXT	C	-0.24%
FHB	C	-0.24%
NPO	D	-0.24%
OTTR	D	-0.24%
MGEE	B	-0.24%
FORM	F	-0.23%
BXMT	C	-0.23%
SHOO	C	-0.23%
WSFS	C	-0.23%
GEO	D	-0.23%
BRC	B	-0.23%
CNK	A	-0.23%
APAM	D	-0.23%
IIPR	B	-0.22%
SATS	A	-0.22%
ENV	B	-0.22%
AWR	B	-0.22%
POWL	D	-0.22%
TDS	B	-0.22%
REZI	D	-0.22%
TGNA	D	-0.22%
CRVL	B	-0.22%
SLVM	C	-0.22%
SMPL	D	-0.22%
NMIH	B	-0.21%
LBRT	D	-0.21%
WAFD	B	-0.21%
BFH	B	-0.21%
IOSP	D	-0.21%
INDB	C	-0.21%
PTEN	F	-0.21%
GNW	A	-0.21%
CWT	A	-0.21%
PENN	F	-0.21%
TRN	C	-0.21%
ARCH	F	-0.21%
BL	D	-0.21%
BOH	C	-0.21%
SFNC	C	-0.21%
TDW	F	-0.21%
ALRM	F	-0.2%
PATK	C	-0.2%
ACLS	F	-0.2%
CVBF	C	-0.2%
ABR	C	-0.2%
TMDX	C	-0.2%
OII	C	-0.2%
AVA	A	-0.2%
PRGS	B	-0.2%
BKU	C	-0.2%
DIOD	F	-0.2%
CARG	B	-0.2%
HUBG	B	-0.2%
LCII	C	-0.2%
UNF	B	-0.2%
HBI	B	-0.2%
ARCB	F	-0.19%
PPBI	C	-0.19%
FFBC	C	-0.19%
GSHD	B	-0.19%
PAYO	C	-0.19%
JJSF	C	-0.19%
VIRT	A	-0.19%
CPK	A	-0.19%
CNS	A	-0.19%
SNEX	B	-0.19%
EPAC	B	-0.19%
PFS	B	-0.19%
GFF	D	-0.19%
DV	F	-0.19%
PRK	C	-0.19%
PTGX	B	-0.19%
VSCO	C	-0.19%
UFPT	B	-0.18%
AIN	D	-0.18%
VSTO	B	-0.18%
TTMI	D	-0.18%
HNI	C	-0.18%
RUN	C	-0.18%
CPRX	B	-0.18%
NARI	F	-0.18%
AMR	F	-0.18%
AGYS	C	-0.18%
PLUS	C	-0.18%
ENVA	C	-0.18%
YOU	B	-0.18%
TBBK	C	-0.18%
MTX	D	-0.18%
KLIC	F	-0.18%
BANF	C	-0.17%
MYRG	F	-0.17%
STRA	D	-0.17%
OMCL	C	-0.17%
PINC	B	-0.17%
YELP	F	-0.17%
CXW	D	-0.17%
MTRN	D	-0.17%
MP	D	-0.17%
SXI	C	-0.17%
VCEL	C	-0.17%
DOCN	C	-0.17%
ASTH	C	-0.17%
BANR	B	-0.17%
CCS	C	-0.17%
SBCF	C	-0.17%
WERN	D	-0.17%
AZZ	C	-0.17%
PLMR	B	-0.17%
EVTC	D	-0.16%
IPAR	D	-0.16%
PSMT	B	-0.16%
LGIH	D	-0.16%
KMT	C	-0.16%
NBTB	C	-0.16%
CWEN	B	-0.16%
HAYW	C	-0.16%
CNMD	C	-0.16%
HWKN	C	-0.16%
ADUS	B	-0.16%
PRVA	D	-0.16%
IBTX	B	-0.16%
AAP	F	-0.16%
VIAV	D	-0.16%
RNST	C	-0.16%
KWR	F	-0.16%
TRMK	C	-0.16%
OSIS	C	-0.16%
LGND	C	-0.16%
MRCY	B	-0.15%
KAR	D	-0.15%
URBN	F	-0.15%
B	D	-0.15%
ENR	B	-0.15%
TNDM	C	-0.15%
GRBK	C	-0.15%
HI	F	-0.15%
ZD	F	-0.15%
EXTR	C	-0.15%
ROCK	F	-0.15%
AIR	D	-0.15%
CAKE	C	-0.15%
BANC	C	-0.15%
PHIN	B	-0.15%
CASH	B	-0.14%
STC	B	-0.14%
OI	D	-0.14%
CALX	C	-0.14%
SUPN	B	-0.14%
PRG	B	-0.14%
GBX	D	-0.14%
NEO	C	-0.14%
VYX	F	-0.14%
OFG	C	-0.14%
NATL	D	-0.14%
KSS	D	-0.14%
ALG	D	-0.14%
FL	D	-0.14%
LMAT	B	-0.14%
CRGY	D	-0.14%
TFIN	D	-0.14%
JBLU	D	-0.13%
PZZA	D	-0.13%
LKFN	C	-0.13%
APOG	C	-0.13%
FBNC	C	-0.13%
BHE	C	-0.13%
NWBI	C	-0.13%
NBHC	C	-0.13%
CHCO	C	-0.13%
FCF	C	-0.13%
ROG	F	-0.13%
RAMP	D	-0.13%
FBK	B	-0.13%
MCY	B	-0.13%
SJW	B	-0.12%
DFIN	C	-0.12%
WKC	B	-0.12%
PDCO	F	-0.12%
SCL	D	-0.12%
NGVT	F	-0.12%
GO	F	-0.12%
HMN	B	-0.12%
MLKN	C	-0.12%
TRIP	F	-0.12%
KN	C	-0.12%
IART	F	-0.12%
LZB	D	-0.12%
ADNT	D	-0.12%
TNC	F	-0.12%
WWW	B	-0.12%
UCTT	F	-0.12%
AMPH	D	-0.12%
WGO	C	-0.12%
THS	B	-0.12%
CABO	D	-0.12%
CTS	D	-0.12%
EPC	B	-0.12%
PRDO	D	-0.11%
STAA	F	-0.11%
ANDE	D	-0.11%
AMWD	D	-0.11%
AMN	F	-0.11%
NWN	B	-0.11%
VRTS	D	-0.11%
WS	D	-0.11%
CSGS	C	-0.11%
NTCT	D	-0.11%
STBA	C	-0.11%
VBTX	B	-0.11%
UPBD	C	-0.11%
NHC	B	-0.11%
MYGN	B	-0.11%
VSTS	C	-0.11%
FTRE	F	-0.11%
TRUP	C	-0.11%
LEG	D	-0.11%
HOPE	C	-0.11%
SONO	D	-0.11%
CENTA	D	-0.11%
PLAB	F	-0.11%
VECO	F	-0.11%
MODG	F	-0.1%
HLIT	C	-0.1%
LNN	D	-0.1%
THRM	F	-0.1%
TILE	B	-0.1%
HELE	F	-0.1%
XNCR	F	-0.1%
USPH	D	-0.1%
SNDR	C	-0.1%
NX	F	-0.1%
DNOW	D	-0.1%
DVAX	D	-0.1%
HLX	D	-0.1%
TALO	F	-0.1%
FOXF	F	-0.1%
CHEF	C	-0.1%
WABC	C	-0.1%
HTH	C	-0.1%
CUBI	F	-0.1%
QNST	B	-0.09%
GIII	B	-0.09%
PBI	C	-0.09%
PLAY	F	-0.09%
UNFI	B	-0.09%
SAFT	B	-0.09%
BHLB	C	-0.09%
BLMN	F	-0.09%
WT	D	-0.09%
UVV	C	-0.09%
PGNY	D	-0.09%
EIG	B	-0.09%
KLG	B	-0.09%
NVEE	F	-0.09%
VICR	D	-0.09%
WOR	F	-0.09%
KALU	F	-0.09%
HRMY	C	-0.09%
COHU	F	-0.09%
SBH	C	-0.09%
SABR	F	-0.09%
SPNT	B	-0.09%
MD	C	-0.09%
BKE	C	-0.09%
CARS	D	-0.08%
BRKL	C	-0.08%
FBRT	C	-0.08%
EFC	A	-0.08%
CBRL	F	-0.08%
AORT	C	-0.08%
AMSF	C	-0.08%
INVA	B	-0.08%
COLL	B	-0.08%
MXL	D	-0.08%
ICHR	F	-0.08%
ATEN	C	-0.08%
FIZZ	D	-0.08%
DAN	F	-0.08%
CENX	F	-0.08%
FDP	B	-0.08%
OXM	F	-0.08%
PFBC	C	-0.08%
SCSC	C	-0.08%
DGII	C	-0.08%
ARI	C	-0.08%
PMT	C	-0.08%
DCOM	B	-0.08%
ECPG	C	-0.08%
RC	D	-0.08%
CRK	D	-0.08%
TGI	F	-0.08%
NAVI	C	-0.08%
CERT	F	-0.08%
ARLO	F	-0.08%
MSEX	B	-0.08%
SAH	C	-0.07%
BLFS	C	-0.07%
OMI	D	-0.07%
RWT	B	-0.07%
XPEL	D	-0.07%
ANIP	D	-0.07%
PRAA	D	-0.07%
PRLB	F	-0.07%
HCI	B	-0.07%
CLB	D	-0.07%
LPG	F	-0.07%
SBSI	C	-0.07%
PDFS	F	-0.07%
DLX	D	-0.07%
SXC	F	-0.07%
MRTN	D	-0.07%
XRX	F	-0.07%
ALGT	F	-0.07%
SDGR	D	-0.07%
AHCO	B	-0.07%
WOLF	F	-0.07%
MCRI	B	-0.07%
CAL	C	-0.07%
VSAT	D	-0.06%
CPF	B	-0.06%
VTLE	F	-0.06%
BSIG	B	-0.06%
PCRX	F	-0.06%
BJRI	F	-0.06%
ASIX	C	-0.06%
SSTK	D	-0.06%
PRA	C	-0.06%
EGBN	D	-0.06%
WNC	F	-0.06%
SEDG	F	-0.06%
NABL	D	-0.06%
ASTE	D	-0.06%
CFFN	C	-0.06%
HCSG	D	-0.06%
RCUS	D	-0.06%
EMBC	C	-0.06%
MNRO	C	-0.06%
VIR	F	-0.06%
VVI	D	-0.06%
PARR	F	-0.06%
CWEN	B	-0.06%
CNXN	C	-0.06%
TMP	C	-0.06%
DXPE	C	-0.06%
HFWA	C	-0.06%
EYE	F	-0.06%
ODP	F	-0.06%
CXM	F	-0.06%
JACK	F	-0.06%
VTOL	C	-0.06%
AVNS	B	-0.06%
UTL	B	-0.06%
HSII	C	-0.06%
GDEN	C	-0.05%
IRWD	F	-0.05%
SCHL	D	-0.05%
SPTN	B	-0.05%
HAIN	B	-0.05%
SCVL	C	-0.05%
TRST	C	-0.05%
RGR	F	-0.05%
MGPI	C	-0.05%
KREF	B	-0.05%
GDOT	C	-0.05%
FWRD	D	-0.05%
CEVA	C	-0.05%
SMP	C	-0.05%
AXL	F	-0.05%
NBR	F	-0.05%
HAFC	C	-0.05%
REX	F	-0.05%
MATV	C	-0.05%
SWI	B	-0.05%
MATW	F	-0.05%
GPRE	F	-0.05%
TTGT	F	-0.05%
CTKB	F	-0.05%
HSTM	B	-0.05%
HAYN	A	-0.05%
KOP	D	-0.05%
MCW	F	-0.05%
JBSS	D	-0.05%
TR	B	-0.04%
RES	F	-0.04%
RGNX	F	-0.04%
UFCS	D	-0.04%
BGS	C	-0.04%
HTLD	F	-0.04%
AMBC	F	-0.04%
CVI	F	-0.04%
NVRI	C	-0.04%
LESL	D	-0.04%
LQDT	B	-0.04%
IIIN	D	-0.04%
SHEN	D	-0.04%
KELYA	D	-0.04%
EZPW	B	-0.04%
SNCY	D	-0.04%
MTUS	F	-0.04%
PUMP	F	-0.04%
HZO	F	-0.04%
MLAB	C	-0.04%
AOSL	D	-0.04%
ETD	C	-0.04%
CNSL	A	-0.03%
HTZ	F	-0.03%
NPK	C	-0.03%
WRLD	D	-0.03%
MYE	D	-0.03%
USNA	F	-0.03%
FLGT	D	-0.03%
GOGO	D	-0.03%
PAHC	C	-0.03%
SLP	F	-0.03%
GES	F	-0.03%
THRY	D	-0.03%
CRSR	F	-0.02%
CENT	D	-0.02%
TWI	D	-0.02%