DRN vs. FREL ETF Comparison

Comparison of Dexion Daily Real Estate Bull 3x Shares (DRN) to Fidelity MSCI Real Estate Index ETF (FREL)

DRN

Dexion Daily Real Estate Bull 3x Shares

DRN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI US REIT IndexSM. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$8.59

Average Daily Volume

853,847

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

$25.20

Average Daily Volume

161,971

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	DRN	FREL
30 Days	3.89%	1.63%
60 Days	9.40%	3.78%
90 Days	-2.10%	1.10%
12 Months	-9.78%	3.14%

31 Overlapping Holdings

Symbol	Grade	Weight in DRN	Weight in FREL	Overlap
AMT	B	7.14%	6.77%	6.77%
ARE	C	1.43%	1.37%	1.37%
AVB	B	2.29%	2.18%	2.18%
BXP	B	0.69%	0.68%	0.68%
CBRE	C	2.09%	2.03%	2.03%
CCI	D	3.31%	3.14%	3.14%
CPT	B	0.91%	0.87%	0.87%
CSGP	F	2.37%	2.25%	2.25%
DLR	A	3.78%	3.46%	3.46%
DOC	B	1.06%	1.03%	1.03%
EQIX	D	5.58%	5.3%	5.3%
EQR	B	1.84%	1.74%	1.74%
ESS	B	1.37%	1.32%	1.32%
EXR	B	2.58%	2.51%	2.51%
FRT	C	0.59%	0.56%	0.56%
HST	D	0.99%	0.95%	0.95%
INVH	A	1.59%	1.62%	1.59%
IRM	A	2.05%	1.96%	1.96%
KIM	B	1.0%	0.96%	0.96%
MAA	C	1.28%	1.22%	1.22%
O	D	3.57%	3.42%	3.42%
PLD	C	8.07%	7.7%	7.7%
PSA	B	3.55%	3.43%	3.43%
REG	C	0.8%	0.81%	0.8%
SBAC	F	1.66%	1.57%	1.57%
SPG	B	3.82%	3.63%	3.63%
UDR	B	0.97%	0.95%	0.95%
VICI	D	2.32%	2.2%	2.2%
VTR	A	1.61%	1.51%	1.51%
WELL	A	4.83%	4.37%	4.37%
WY	F	1.61%	1.53%	1.53%

DRN Overweight 0 Positions Relative to FREL

	Symbol	Grade	Weight

DRN Underweight 109 Positions Relative to FREL

Symbol	Grade	Weight
SUI	C	-1.11%
GLPI	C	-0.9%
WPC	D	-0.9%
AMH	A	-0.89%
ELS	C	-0.86%
LAMR	A	-0.78%
CUBE	B	-0.76%
REXR	C	-0.73%
JLL	B	-0.72%
EGP	B	-0.62%
OHI	A	-0.62%
NNN	B	-0.57%
Z	C	-0.55%
COLD	C	-0.53%
BRX	B	-0.51%
STAG	B	-0.49%
FR	C	-0.48%
ADC	B	-0.46%
TRNO	B	-0.43%
RHP	D	-0.42%
AIRC	A	-0.42%
KRG	B	-0.36%
EPRT	A	-0.35%
IRT	A	-0.32%
VNO	B	-0.31%
RYN	F	-0.3%
PECO	C	-0.29%
SLG	B	-0.28%
SBRA	A	-0.27%
CTRE	B	-0.26%
CUZ	C	-0.26%
KRC	D	-0.26%
MAC	D	-0.25%
APLE	D	-0.25%
PK	D	-0.24%
EPR	C	-0.24%
SKT	D	-0.23%
NHI	A	-0.23%
PCH	F	-0.23%
NSA	B	-0.23%
BNL	B	-0.22%
SITC	A	-0.21%
LXP	B	-0.21%
HIW	B	-0.21%
MPW	F	-0.21%
FCPT	B	-0.18%
DBRG	D	-0.17%
UE	A	-0.17%
DEI	C	-0.17%
JOE	D	-0.15%
SHO	D	-0.15%
EQC	B	-0.15%
DRH	D	-0.14%
OUT	C	-0.14%
AKR	A	-0.14%
IVT	D	-0.13%
CWK	C	-0.13%
ROIC	C	-0.12%
PEB	F	-0.12%
COMP	D	-0.11%
LTC	A	-0.11%
RLJ	F	-0.11%
GNL	D	-0.11%
XHR	D	-0.11%
NMRK	C	-0.11%
JBGS	B	-0.1%
NTST	D	-0.1%
GTY	D	-0.1%
ESRT	C	-0.1%
DEA	B	-0.09%
ALEX	B	-0.09%
UMH	A	-0.08%
AIV	B	-0.08%
AAT	B	-0.08%
CSR	B	-0.08%
KW	C	-0.08%
OPEN	F	-0.08%
NXRT	B	-0.07%
EXPI	F	-0.07%
PLYM	B	-0.07%
AHH	B	-0.06%
PGRE	C	-0.06%
BDN	D	-0.06%
SVC	D	-0.06%
MMI	D	-0.06%
PDM	B	-0.06%
GOOD	B	-0.05%
CHCT	D	-0.05%
INN	D	-0.05%
UNIT	F	-0.05%
WSR	B	-0.05%
FOR	F	-0.05%
RDFN	F	-0.05%
DHC	B	-0.04%
FPI	C	-0.04%
ALX	B	-0.04%
UHT	B	-0.04%
HPP	D	-0.04%
GMRE	B	-0.04%
CLDT	D	-0.03%
PKST	F	-0.03%
FRPH	D	-0.03%
LAND	B	-0.03%
BFS	C	-0.03%
OLP	B	-0.03%
CBL	B	-0.02%
TRC	C	-0.02%
RMR	D	-0.02%
SRG	F	-0.01%