RNSC vs. FREL ETF Comparison

Comparison of First Trust Small Cap US Equity Select ETF (RNSC) to Fidelity MSCI Real Estate Index ETF (FREL)

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$30.04

Average Daily Volume

2,138

Number of Holdings ^*

304

* 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

$29.68

Average Daily Volume

181,462

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	RNSC	FREL
30 Days	2.68%	6.69%
60 Days	2.15%	10.62%
90 Days	10.02%	18.61%
12 Months	15.62%	26.99%

45 Overlapping Holdings

Symbol	Grade	Weight in RNSC	Weight in FREL	Overlap
AAT	B	0.18%	0.08%	0.08%
AKR	C	0.19%	0.16%	0.16%
ALEX	B	0.17%	0.09%	0.09%
ALX	B	0.16%	0.04%	0.04%
BNL	B	0.18%	0.22%	0.18%
CTRE	B	0.18%	0.27%	0.18%
DBRG	D	0.13%	0.15%	0.13%
DEA	B	0.17%	0.08%	0.08%
DEI	B	0.18%	0.17%	0.17%
DRH	C	0.15%	0.12%	0.12%
ESRT	B	0.17%	0.1%	0.1%
EXPI	C	0.17%	0.07%	0.07%
FCPT	A	0.18%	0.18%	0.18%
GNL	B	0.18%	0.12%	0.12%
GTY	B	0.18%	0.1%	0.1%
HIW	B	0.19%	0.23%	0.19%
HPP	D	0.15%	0.04%	0.04%
IVT	B	0.18%	0.13%	0.13%
JBGS	B	0.18%	0.09%	0.09%
JOE	C	0.16%	0.14%	0.14%
KW	C	0.17%	0.08%	0.08%
LTC	B	0.16%	0.11%	0.11%
LXP	B	0.17%	0.19%	0.17%
MMI	C	0.19%	0.07%	0.07%
MPW	C	0.18%	0.22%	0.18%
NHI	A	0.19%	0.24%	0.19%
NMRK	B	0.22%	0.14%	0.14%
NSA	B	0.18%	0.23%	0.18%
NTST	D	0.16%	0.08%	0.08%
OUT	B	0.17%	0.15%	0.15%
PEB	D	0.14%	0.1%	0.1%
PGRE	C	0.16%	0.05%	0.05%
PK	D	0.14%	0.19%	0.14%
PLYM	D	0.16%	0.07%	0.07%
RLJ	D	0.14%	0.09%	0.09%
ROIC	B	0.19%	0.13%	0.13%
SBRA	B	0.17%	0.28%	0.17%
SHO	D	0.14%	0.13%	0.13%
SKT	B	0.17%	0.22%	0.17%
SLG	B	0.17%	0.29%	0.17%
SVC	F	0.14%	0.05%	0.05%
UE	B	0.17%	0.17%	0.17%
UMH	C	0.19%	0.09%	0.09%
UNIT	C	0.27%	0.08%	0.08%
XHR	C	0.14%	0.09%	0.09%

RNSC Overweight 259 Positions Relative to FREL

Symbol	Grade	Weight
NHC	D	2.84%
PINC	C	2.67%
LMAT	B	2.66%
CNMD	D	2.62%
USPH	D	2.3%
PDCO	F	2.15%
YOU	B	2.03%
CSGS	C	1.39%
CNXN	B	1.35%
PRGS	C	1.29%
CTS	D	1.11%
SSTK	F	1.1%
XRX	F	1.1%
VSH	D	1.0%
IDCC	B	0.52%
TDS	C	0.51%
FWRD	C	0.5%
CABO	F	0.44%
SHEN	F	0.4%
PRG	B	0.4%
KNTK	B	0.38%
WHD	C	0.38%
CWH	C	0.37%
TGLS	B	0.36%
AESI	C	0.36%
VSTS	D	0.36%
RES	D	0.35%
GVA	B	0.35%
PATK	B	0.35%
CSWI	B	0.35%
CCS	B	0.35%
PHIN	B	0.35%
HNI	B	0.34%
CRI	C	0.34%
SNDR	B	0.34%
CAL	F	0.34%
BKE	B	0.34%
ICFI	C	0.33%
ESE	B	0.33%
BRC	B	0.33%
AROC	C	0.33%
MCRI	B	0.33%
BDC	B	0.32%
PSMT	B	0.32%
GHC	C	0.32%
REVG	C	0.32%
SAH	D	0.32%
DNUT	D	0.32%
CRK	D	0.32%
POWL	C	0.32%
MWA	C	0.32%
CRC	C	0.32%
LCII	C	0.32%
KFY	B	0.31%
EPAC	B	0.31%
GEF	D	0.31%
KMT	B	0.31%
SXI	C	0.31%
SHOO	B	0.31%
LEG	D	0.31%
LZB	C	0.31%
WGO	D	0.31%
UNF	B	0.31%
JWN	B	0.31%
USLM	B	0.31%
PRDO	D	0.3%
NPO	C	0.3%
GIC	D	0.3%
CDRE	C	0.3%
RRR	D	0.3%
MLKN	D	0.3%
WERN	D	0.3%
AIN	D	0.3%
TGNA	C	0.3%
HUBG	C	0.3%
SCS	B	0.3%
PZZA	D	0.3%
KFRC	D	0.3%
GDEN	D	0.3%
FL	D	0.3%
TRN	C	0.3%
AZZ	C	0.29%
ARCH	F	0.29%
EVTC	D	0.29%
PTVE	D	0.29%
GFF	C	0.29%
HEES	D	0.29%
NX	D	0.29%
PRIM	C	0.29%
LEVI	C	0.29%
APOG	B	0.29%
ABM	D	0.29%
ALG	D	0.29%
WINA	C	0.29%
MATW	F	0.28%
ARCB	D	0.28%
CAKE	C	0.28%
LNN	C	0.28%
GES	F	0.28%
TNL	D	0.28%
HTLD	D	0.28%
TRS	D	0.28%
HWKN	B	0.27%
CRS	B	0.27%
JBT	D	0.27%
WOR	F	0.27%
DK	F	0.27%
GBX	C	0.27%
TNC	D	0.27%
MRTN	D	0.27%
BLMN	F	0.26%
SCHL	D	0.26%
CBRL	D	0.26%
B	D	0.26%
KSS	F	0.26%
CMCO	F	0.26%
JACK	F	0.26%
OXM	D	0.25%
HL	C	0.25%
INSW	D	0.25%
DAN	F	0.25%
ALGT	F	0.25%
VIRT	B	0.25%
WNC	F	0.25%
STRA	D	0.25%
HLIO	D	0.25%
VAC	F	0.24%
PFS	B	0.23%
SASR	B	0.23%
WAFD	B	0.23%
MSEX	C	0.23%
BOWL	D	0.23%
HE	F	0.23%
SLVM	B	0.23%
FBNC	B	0.23%
VGR	C	0.22%
BANF	B	0.22%
TPG	B	0.22%
CBU	C	0.22%
TOWN	B	0.22%
MGEE	B	0.22%
SMG	C	0.22%
BKU	C	0.22%
STBA	B	0.22%
EFSC	B	0.22%
FFBC	C	0.21%
NIC	C	0.21%
NWBI	C	0.21%
NWN	B	0.21%
AUB	C	0.21%
BANR	B	0.21%
SR	B	0.21%
VBTX	B	0.21%
NWE	A	0.21%
EBC	B	0.21%
SJW	C	0.21%
WS	C	0.21%
STC	B	0.21%
PRK	C	0.21%
STEP	B	0.21%
KOP	F	0.21%
SYBT	B	0.21%
FBK	B	0.21%
BGC	B	0.21%
OFG	C	0.21%
SFNC	B	0.21%
AVA	B	0.21%
PNM	B	0.21%
CNO	B	0.21%
CPK	B	0.21%
INDB	C	0.21%
SXT	C	0.21%
CWEN	B	0.21%
LOB	B	0.21%
CWT	C	0.21%
AWR	B	0.21%
NBTB	D	0.21%
CASH	B	0.21%
FCF	C	0.21%
WSFS	C	0.2%
VCTR	B	0.2%
NNI	B	0.2%
FRME	C	0.2%
CHCO	B	0.2%
RYI	F	0.2%
WSBC	D	0.2%
SAFT	C	0.2%
FDP	B	0.2%
EIG	B	0.2%
CATY	B	0.2%
PJT	B	0.2%
FBP	C	0.2%
BOH	C	0.2%
FHB	C	0.2%
SBCF	C	0.2%
NSSC	F	0.2%
MTRN	D	0.2%
HOPE	B	0.2%
HI	F	0.2%
PIPR	B	0.2%
UCBI	B	0.2%
BHLB	C	0.2%
MCY	C	0.2%
PFBC	C	0.19%
ARI	F	0.19%
CNNE	D	0.19%
LKFN	C	0.19%
FULT	C	0.19%
MBIN	C	0.19%
HMN	C	0.19%
WD	B	0.19%
TRMK	C	0.19%
NBHC	C	0.19%
LADR	B	0.19%
IBOC	C	0.19%
NAVI	C	0.19%
BUSE	C	0.19%
RNST	D	0.19%
FIBK	B	0.19%
TCBK	C	0.19%
OCFC	B	0.19%
SRCE	C	0.19%
BANC	B	0.19%
CVBF	C	0.18%
HTH	C	0.18%
PMT	B	0.18%
AGM	D	0.18%
PEBO	C	0.18%
ASB	D	0.18%
WABC	D	0.18%
SCL	D	0.18%
IOSP	D	0.18%
FHI	A	0.18%
PPBI	D	0.18%
MTX	D	0.18%
CODI	D	0.17%
KLG	C	0.17%
HASI	B	0.17%
ABR	B	0.17%
MGPI	C	0.17%
CALM	B	0.17%
GBDC	C	0.17%
APAM	C	0.17%
IIPR	B	0.17%
RC	D	0.17%
CMTG	F	0.17%
TR	C	0.16%
VRTS	D	0.16%
OEC	F	0.16%
IMKTA	D	0.16%
SPB	B	0.16%
UTZ	C	0.16%
WMK	C	0.16%
KALU	F	0.16%
UVV	D	0.16%
ENR	F	0.15%
JJSF	C	0.15%
EPC	F	0.14%
ANDE	D	0.14%

RNSC Underweight 93 Positions Relative to FREL

Symbol	Grade	Weight
PLD	C	-7.76%
AMT	C	-7.12%
EQIX	B	-5.3%
WELL	B	-4.69%
PSA	B	-3.65%
O	B	-3.46%
SPG	B	-3.44%
CCI	B	-3.33%
DLR	B	-3.27%
EXR	B	-2.42%
CBRE	A	-2.32%
VICI	C	-2.25%
IRM	B	-2.2%
AVB	B	-2.11%
CSGP	D	-2.05%
VTR	C	-1.69%
EQR	B	-1.69%
SBAC	C	-1.67%
WY	C	-1.47%
INVH	C	-1.43%
ESS	B	-1.28%
MAA	B	-1.23%
ARE	B	-1.23%
SUI	B	-1.15%
KIM	B	-1.03%
DOC	C	-1.02%
UDR	B	-0.93%
GLPI	B	-0.92%
WPC	B	-0.87%
AMH	C	-0.86%
ELS	C	-0.85%
REG	C	-0.84%
CPT	B	-0.84%
HST	D	-0.78%
CUBE	B	-0.78%
JLL	B	-0.77%
BXP	B	-0.75%
LAMR	A	-0.72%
REXR	C	-0.7%
OHI	A	-0.64%
Z	B	-0.58%
EGP	B	-0.58%
NNN	B	-0.57%
FRT	C	-0.56%
BRX	B	-0.53%
COLD	D	-0.51%
ADC	C	-0.49%
FR	C	-0.48%
STAG	C	-0.47%
TRNO	C	-0.43%
VNO	B	-0.38%
RHP	D	-0.38%
KRG	B	-0.38%
EPRT	A	-0.35%
PECO	B	-0.3%
IRT	B	-0.3%
CUZ	B	-0.29%
RYN	C	-0.28%
KRC	B	-0.25%
EPR	B	-0.24%
PCH	C	-0.23%
MAC	B	-0.23%
APLE	D	-0.22%
COMP	B	-0.15%
HHH	C	-0.15%
EQC	B	-0.14%
CWK	B	-0.14%
RDFN	C	-0.09%
PDM	B	-0.08%
OPEN	D	-0.08%
NXRT	B	-0.07%
CSR	B	-0.07%
AIV	B	-0.07%
BDN	B	-0.06%
WSR	D	-0.05%
AHH	B	-0.05%
UHT	B	-0.04%
OLP	B	-0.04%
DHC	B	-0.04%
GMRE	C	-0.04%
INN	C	-0.04%
GOOD	B	-0.04%
FOR	C	-0.04%
FRPH	D	-0.03%
CLDT	D	-0.03%
LAND	C	-0.03%
FPI	D	-0.03%
CHCT	F	-0.03%
BFS	C	-0.03%
PKST	C	-0.03%
CBL	D	-0.02%
TRC	C	-0.02%
RMR	C	-0.02%