VRAI vs. FREL ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to Fidelity MSCI Real Estate Index ETF (FREL)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.60

Average Daily Volume

822

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

$29.58

Average Daily Volume

181,462

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	FREL
30 Days	0.73%	6.69%
60 Days	1.97%	10.62%
90 Days	7.80%	18.61%
12 Months	11.62%	26.99%

28 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in FREL	Overlap
AAT	B	1.27%	0.08%	0.08%
ADC	C	1.31%	0.49%	0.49%
AMT	C	1.31%	7.12%	1.31%
APLE	D	1.01%	0.22%	0.22%
BNL	B	1.24%	0.22%	0.22%
BRX	B	1.27%	0.53%	0.53%
CCI	B	1.31%	3.33%	1.31%
CPT	B	1.18%	0.84%	0.84%
CUBE	B	1.24%	0.78%	0.78%
EGP	B	1.18%	0.58%	0.58%
EPR	B	1.22%	0.24%	0.24%
EPRT	A	1.25%	0.35%	0.35%
EXR	B	1.18%	2.42%	1.18%
FR	C	1.26%	0.48%	0.48%
HST	D	0.98%	0.78%	0.78%
INVH	C	1.07%	1.43%	1.07%
IVT	B	1.26%	0.13%	0.13%
KIM	B	1.3%	1.03%	1.03%
MAA	B	1.23%	1.23%	1.23%
NSA	B	1.18%	0.23%	0.23%
OUT	B	1.27%	0.15%	0.15%
PSA	B	1.29%	3.65%	1.29%
REG	C	1.28%	0.84%	0.84%
REXR	C	1.2%	0.7%	0.7%
RHP	D	1.06%	0.38%	0.38%
ROIC	B	1.28%	0.13%	0.13%
SKT	B	1.2%	0.22%	0.22%
TRNO	C	1.24%	0.43%	0.43%

VRAI Overweight 51 Positions Relative to FREL

Symbol	Grade	Weight
CCOI	C	1.44%
FDP	B	1.35%
WEC	B	1.27%
AEP	B	1.24%
NI	B	1.24%
ORAN	A	1.23%
CMS	A	1.23%
ES	C	1.23%
LNT	A	1.22%
IIPR	B	1.21%
KT	B	1.21%
OGS	B	1.21%
AVA	B	1.2%
CIG	B	1.19%
PNM	B	1.19%
NJR	B	1.17%
CWEN	B	1.12%
SPOK	C	1.1%
GGB	C	1.09%
PAGP	D	1.08%
PBR	D	1.08%
PAA	D	1.05%
WES	C	1.04%
HESM	C	1.04%
EOG	D	1.03%
ARLP	C	1.0%
SBR	D	0.99%
DMLP	C	0.99%
GFI	D	0.98%
KRP	C	0.98%
COP	D	0.98%
BSM	D	0.97%
TS	D	0.96%
NRP	C	0.95%
ENIC	D	0.95%
EQNR	D	0.93%
FANG	D	0.93%
DVN	F	0.92%
NEP	D	0.92%
VALE	D	0.92%
SCCO	D	0.9%
APA	F	0.89%
BRY	F	0.89%
SID	D	0.89%
CTRA	F	0.88%
OVV	D	0.87%
PTEN	F	0.83%
EC	D	0.77%
GPRK	F	0.73%
SBSW	F	0.72%
NFE	F	0.47%

VRAI Underweight 110 Positions Relative to FREL

Symbol	Grade	Weight
PLD	C	-7.76%
EQIX	B	-5.3%
WELL	B	-4.69%
O	B	-3.46%
SPG	B	-3.44%
DLR	B	-3.27%
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%
ESS	B	-1.28%
ARE	B	-1.23%
SUI	B	-1.15%
DOC	C	-1.02%
UDR	B	-0.93%
GLPI	B	-0.92%
WPC	B	-0.87%
AMH	C	-0.86%
ELS	C	-0.85%
JLL	B	-0.77%
BXP	B	-0.75%
LAMR	A	-0.72%
OHI	A	-0.64%
Z	B	-0.58%
NNN	B	-0.57%
FRT	C	-0.56%
COLD	D	-0.51%
STAG	C	-0.47%
VNO	B	-0.38%
KRG	B	-0.38%
PECO	B	-0.3%
IRT	B	-0.3%
SLG	B	-0.29%
CUZ	B	-0.29%
SBRA	B	-0.28%
RYN	C	-0.28%
CTRE	B	-0.27%
KRC	B	-0.25%
NHI	A	-0.24%
PCH	C	-0.23%
HIW	B	-0.23%
MAC	B	-0.23%
MPW	C	-0.22%
PK	D	-0.19%
LXP	B	-0.19%
FCPT	A	-0.18%
UE	B	-0.17%
DEI	B	-0.17%
AKR	C	-0.16%
COMP	B	-0.15%
DBRG	D	-0.15%
HHH	C	-0.15%
JOE	C	-0.14%
EQC	B	-0.14%
CWK	B	-0.14%
NMRK	B	-0.14%
SHO	D	-0.13%
GNL	B	-0.12%
DRH	C	-0.12%
LTC	B	-0.11%
ESRT	B	-0.1%
PEB	D	-0.1%
GTY	B	-0.1%
UMH	C	-0.09%
RLJ	D	-0.09%
RDFN	C	-0.09%
ALEX	B	-0.09%
XHR	C	-0.09%
JBGS	B	-0.09%
KW	C	-0.08%
PDM	B	-0.08%
UNIT	C	-0.08%
NTST	D	-0.08%
DEA	B	-0.08%
OPEN	D	-0.08%
PLYM	D	-0.07%
MMI	C	-0.07%
NXRT	B	-0.07%
CSR	B	-0.07%
EXPI	C	-0.07%
AIV	B	-0.07%
BDN	B	-0.06%
WSR	D	-0.05%
AHH	B	-0.05%
SVC	F	-0.05%
PGRE	C	-0.05%
UHT	B	-0.04%
OLP	B	-0.04%
ALX	B	-0.04%
DHC	B	-0.04%
HPP	D	-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%