SPYD vs. FREL ETF Comparison

Comparison of SPDR S&P 500 High Dividend ETF (SPYD) to Fidelity MSCI Real Estate Index ETF (FREL)

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.26

Average Daily Volume

1,180,562

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

$29.16

Average Daily Volume

184,523

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	SPYD	FREL
30 Days	1.39%	2.22%
60 Days	6.72%	6.44%
90 Days	14.15%	16.58%
12 Months	39.46%	37.93%

19 Overlapping Holdings

Symbol	Grade	Weight in SPYD	Weight in FREL	Overlap
ARE	D	1.16%	1.19%	1.16%
BXP	C	1.36%	0.77%	0.77%
CCI	C	1.29%	3.34%	1.29%
CPT	C	1.24%	0.84%	0.84%
DOC	C	1.25%	1.04%	1.04%
EQR	C	1.2%	1.62%	1.2%
ESS	C	1.17%	1.21%	1.17%
EXR	C	1.26%	2.44%	1.26%
FRT	D	1.21%	0.55%	0.55%
HST	D	1.17%	0.8%	0.8%
KIM	C	1.26%	1.01%	1.01%
MAA	C	1.26%	1.19%	1.19%
O	A	1.26%	3.51%	1.26%
PSA	C	1.39%	3.67%	1.39%
REG	C	1.27%	0.82%	0.82%
SPG	A	1.29%	3.57%	1.29%
UDR	C	1.24%	0.9%	0.9%
VICI	C	1.24%	2.21%	1.24%
VTR	C	1.37%	1.67%	1.37%

SPYD Overweight 61 Positions Relative to FREL

Symbol	Grade	Weight
K	B	1.61%
SWK	A	1.45%
KVUE	C	1.43%
HAS	A	1.4%
BMY	B	1.36%
ETR	A	1.36%
IBM	B	1.36%
AES	B	1.34%
XEL	A	1.33%
FMC	B	1.32%
EIX	A	1.32%
T	A	1.32%
BBY	B	1.32%
WEC	A	1.32%
GIS	C	1.3%
VZ	A	1.3%
GILD	A	1.3%
D	A	1.28%
ABBV	A	1.28%
EXC	A	1.28%
AMCR	B	1.28%
OKE	B	1.28%
FE	B	1.26%
SO	A	1.26%
WMB	A	1.25%
CAG	D	1.25%
EVRG	C	1.25%
PM	C	1.24%
PNW	A	1.24%
KMI	A	1.23%
ES	C	1.23%
AEP	C	1.23%
IP	C	1.22%
KHC	D	1.22%
DUK	A	1.22%
IPG	C	1.21%
CVS	D	1.2%
SJM	C	1.19%
IVZ	A	1.19%
MO	D	1.18%
KEY	C	1.18%
UPS	D	1.18%
RF	C	1.17%
DOW	B	1.17%
FITB	C	1.17%
MS	B	1.17%
PNC	C	1.16%
MTB	C	1.15%
LYB	D	1.15%
USB	C	1.14%
VTRS	D	1.12%
HBAN	D	1.1%
CVX	B	1.1%
PRU	C	1.1%
PFE	D	1.09%
TFC	D	1.09%
CFG	D	1.08%
TROW	D	1.07%
BEN	F	0.99%
F	D	0.9%
WBA	F	0.89%

SPYD Underweight 121 Positions Relative to FREL

Symbol	Grade	Weight
PLD	D	-7.45%
AMT	C	-6.99%
EQIX	B	-5.41%
WELL	C	-4.66%
DLR	C	-3.27%
CBRE	A	-2.45%
IRM	A	-2.24%
AVB	C	-2.03%
CSGP	F	-1.97%
SBAC	B	-1.69%
WY	B	-1.58%
INVH	D	-1.37%
SUI	D	-1.07%
GLPI	A	-0.9%
WPC	C	-0.86%
JLL	B	-0.82%
AMH	D	-0.81%
ELS	D	-0.8%
CUBE	C	-0.77%
LAMR	C	-0.75%
REXR	D	-0.7%
Z	C	-0.66%
OHI	C	-0.64%
NNN	A	-0.57%
EGP	D	-0.57%
BRX	C	-0.55%
ADC	B	-0.49%
COLD	D	-0.49%
FR	C	-0.48%
STAG	D	-0.46%
TRNO	D	-0.42%
VNO	A	-0.42%
RHP	C	-0.4%
KRG	C	-0.38%
EPRT	C	-0.37%
IRT	C	-0.3%
RYN	C	-0.29%
SLG	C	-0.29%
PECO	C	-0.29%
CUZ	C	-0.29%
CTRE	B	-0.28%
SBRA	C	-0.28%
KRC	C	-0.27%
MAC	C	-0.26%
NHI	C	-0.24%
EPR	C	-0.24%
PCH	C	-0.23%
NSA	C	-0.23%
HIW	C	-0.23%
SKT	A	-0.23%
CDP	A	-0.22%
APLE	D	-0.22%
MPW	C	-0.22%
BNL	C	-0.22%
LXP	D	-0.2%
PK	D	-0.2%
DEI	A	-0.19%
FCPT	C	-0.18%
UE	C	-0.17%
COMP	C	-0.16%
OUT	C	-0.16%
AKR	C	-0.16%
HHH	C	-0.16%
CWK	C	-0.15%
NMRK	A	-0.15%
EQC	D	-0.14%
IVT	C	-0.14%
SHO	D	-0.13%
ROIC	C	-0.13%
JOE	D	-0.13%
DRH	C	-0.12%
GTY	C	-0.11%
GNL	D	-0.11%
ELME	C	-0.1%
ESRT	C	-0.1%
RDFN	C	-0.1%
PEB	D	-0.1%
XHR	B	-0.1%
LTC	D	-0.1%
PDM	C	-0.09%
UNIT	B	-0.09%
ALEX	D	-0.09%
UMH	C	-0.09%
RLJ	D	-0.09%
JBGS	C	-0.09%
EXPI	C	-0.08%
KW	B	-0.08%
NTST	D	-0.08%
VRE	C	-0.08%
DEA	D	-0.08%
AAT	C	-0.08%
PLYM	D	-0.07%
NXRT	D	-0.07%
CSR	D	-0.07%
MMI	C	-0.07%
OPEN	F	-0.07%
AIV	C	-0.07%
BDN	A	-0.06%
GOOD	A	-0.05%
DHC	B	-0.05%
FOR	D	-0.05%
SVC	F	-0.05%
INN	A	-0.05%
PGRE	D	-0.05%
AHH	F	-0.05%
UHT	C	-0.04%
OLP	C	-0.04%
ALX	C	-0.04%
HPP	F	-0.04%
GMRE	C	-0.04%
WSR	C	-0.04%
FRPH	D	-0.03%
LAND	D	-0.03%
FPI	D	-0.03%
CLDT	D	-0.03%
CHCT	F	-0.03%
PKST	D	-0.03%
BFS	A	-0.03%
CBL	D	-0.02%
TRC	D	-0.02%
RMR	B	-0.02%