REIT vs. FREL ETF Comparison

Comparison of ALPS Active REIT ETF (REIT) to Fidelity MSCI Real Estate Index ETF (FREL)

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.42

Average Daily Volume

10,253

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$29.94

Average Daily Volume

182,275

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	REIT	FREL
30 Days	7.25%	8.44%
60 Days	8.96%	11.34%
90 Days	16.68%	19.41%
12 Months	23.43%	26.41%

30 Overlapping Holdings

Symbol	Grade	Weight in REIT	Weight in FREL	Overlap
ADC	B	1.46%	0.49%	0.49%
AMT	B	1.19%	7.1%	1.19%
AVB	B	3.02%	2.13%	2.13%
BRX	B	2.82%	0.54%	0.54%
COLD	D	2.2%	0.53%	0.53%
CUZ	B	2.24%	0.29%	0.29%
DLR	A	2.98%	3.13%	2.98%
DOC	B	4.11%	1.04%	1.04%
ELS	B	2.61%	0.84%	0.84%
EPRT	A	2.57%	0.36%	0.36%
EQIX	B	8.59%	5.21%	5.21%
EQR	B	3.56%	1.7%	1.7%
ESRT	B	1.36%	0.1%	0.1%
EXR	A	4.05%	2.47%	2.47%
FR	B	4.14%	0.51%	0.51%
HST	D	2.91%	0.81%	0.81%
INVH	B	4.08%	1.5%	1.5%
IRM	A	2.02%	2.19%	2.02%
IVT	B	1.7%	0.13%	0.13%
KRC	C	2.03%	0.26%	0.26%
LXP	B	1.85%	0.21%	0.21%
MAC	B	2.18%	0.22%	0.22%
O	B	3.94%	3.54%	3.54%
PLD	B	6.17%	7.85%	6.17%
PSA	A	5.08%	3.56%	3.56%
SBRA	A	2.72%	0.27%	0.27%
SPG	B	4.02%	3.53%	3.53%
UDR	B	3.18%	0.93%	0.93%
VICI	B	4.98%	2.31%	2.31%
WELL	B	4.69%	4.56%	4.56%

REIT Overweight 0 Positions Relative to FREL

	Symbol	Grade	Weight

REIT Underweight 109 Positions Relative to FREL

Symbol	Grade	Weight
CCI	B	-3.25%
CBRE	B	-2.34%
CSGP	D	-2.05%
VTR	B	-1.67%
SBAC	B	-1.65%
WY	C	-1.46%
ESS	A	-1.28%
MAA	A	-1.26%
ARE	B	-1.23%
SUI	B	-1.11%
KIM	B	-1.04%
GLPI	B	-0.93%
CPT	B	-0.89%
WPC	B	-0.87%
AMH	B	-0.86%
REG	B	-0.84%
JLL	B	-0.79%
CUBE	A	-0.77%
REXR	C	-0.74%
LAMR	A	-0.73%
BXP	A	-0.73%
OHI	B	-0.64%
EGP	B	-0.6%
NNN	B	-0.57%
Z	B	-0.56%
FRT	B	-0.56%
STAG	B	-0.49%
TRNO	B	-0.45%
RHP	D	-0.39%
KRG	B	-0.38%
VNO	A	-0.36%
IRT	A	-0.31%
PECO	B	-0.3%
RYN	C	-0.29%
SLG	B	-0.28%
CTRE	A	-0.27%
NHI	B	-0.24%
EPR	B	-0.24%
BNL	A	-0.23%
PCH	C	-0.23%
HIW	A	-0.23%
NSA	A	-0.23%
SKT	B	-0.22%
APLE	D	-0.22%
PK	F	-0.21%
FCPT	A	-0.18%
MPW	B	-0.18%
UE	B	-0.17%
DEI	A	-0.17%
HHH	C	-0.16%
AKR	B	-0.16%
CWK	B	-0.15%
OUT	B	-0.15%
DBRG	D	-0.14%
NMRK	B	-0.14%
JOE	D	-0.14%
EQC	B	-0.14%
DRH	C	-0.13%
SHO	D	-0.13%
COMP	B	-0.13%
GNL	C	-0.12%
ROIC	B	-0.12%
LTC	B	-0.11%
GTY	A	-0.11%
RLJ	F	-0.1%
XHR	C	-0.1%
PEB	D	-0.1%
UMH	B	-0.09%
AAT	B	-0.09%
ALEX	B	-0.09%
JBGS	B	-0.09%
RDFN	C	-0.08%
OPEN	D	-0.08%
AIV	B	-0.08%
PDM	B	-0.08%
KW	C	-0.08%
DEA	B	-0.08%
NTST	C	-0.08%
UNIT	C	-0.07%
MMI	C	-0.07%
PLYM	D	-0.07%
CSR	C	-0.07%
NXRT	B	-0.07%
PGRE	C	-0.06%
BDN	B	-0.06%
EXPI	C	-0.06%
WSR	D	-0.05%
INN	C	-0.05%
AHH	B	-0.05%
SVC	F	-0.05%
UHT	B	-0.04%
OLP	A	-0.04%
ALX	B	-0.04%
DHC	C	-0.04%
GMRE	C	-0.04%
HPP	F	-0.04%
GOOD	A	-0.04%
FOR	D	-0.04%
FRPH	D	-0.03%
LAND	C	-0.03%
FPI	D	-0.03%
CLDT	D	-0.03%
PKST	C	-0.03%
BFS	B	-0.03%
CHCT	F	-0.03%
CBL	C	-0.02%
TRC	C	-0.02%
RMR	C	-0.02%
SRG	F	-0.0%