FREL vs. AVRE ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Avantis Real Estate ETF (AVRE)

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's underlying index. The fund'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

$28.50

Average Daily Volume

167,877

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

AVRE

Avantis Real Estate ETF

AVRE Description

Avantis Real Estate ETF is an exchange traded fund launched and managed by American Century Investment Management, Inc. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating across financials, diversified financials, mortgage real estate investment trusts, mortgage reits, real estate, equity real estate investment trusts sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. It benchmarks the performance of its portfolio against the S&P Global REIT Index. American Century ETF Trust - Avantis Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$44.83

Average Daily Volume

26,089

Number of Holdings ^*

71

* may have additional holdings in another (foreign) market

Performance

Period	FREL	AVRE
30 Days	-2.76%	-4.43%
60 Days	-0.09%	-1.82%
90 Days	4.04%	2.57%
12 Months	33.83%	27.69%

69 Overlapping Holdings

	Symbol	Grade	Weight in FREL	Weight in AVRE	Overlap
	ADC	C	0.49%	0.39%	0.39%
	ALEX	C	0.09%	0.08%	0.08%
	AMH	F	0.81%	0.68%	0.68%
	AMT	D	6.76%	5.82%	5.82%
	APLE	B	0.23%	0.19%	0.19%
	ARE	F	1.23%	1.09%	1.09%
	AVB	C	2.07%	1.92%	1.92%
	BNL	D	0.22%	0.22%	0.22%
	CCI	D	3.14%	2.6%	2.6%
	CHCT	B	0.03%	0.02%	0.02%
	COLD	F	0.48%	0.42%	0.42%
	CPT	D	0.82%	0.72%	0.72%
	CTRE	A	0.27%	0.27%	0.27%
	CUBE	D	0.72%	0.6%	0.6%
	CUZ	B	0.32%	0.02%	0.02%
	DLR	A	3.35%	3.24%	3.24%
	DOC	B	1.02%	0.89%	0.89%
	DRH	D	0.13%	0.05%	0.05%
	EGP	D	0.57%	0.49%	0.49%
	ELME	D	0.09%	0.1%	0.09%
	ELS	C	0.8%	0.66%	0.66%
	EPRT	C	0.37%	0.37%	0.37%
	EQIX	A	5.45%	5.0%	5.0%
	EQR	D	1.65%	1.73%	1.65%
	ESS	D	1.22%	1.17%	1.17%
	EXR	D	2.33%	2.07%	2.07%
	FCPT	D	0.18%	0.12%	0.12%
	FR	D	0.48%	0.38%	0.38%
	FRT	D	0.55%	0.53%	0.53%
	GLPI	D	0.9%	0.75%	0.75%
	GTY	C	0.11%	0.09%	0.09%
	HST	D	0.82%	0.69%	0.69%
	INVH	F	1.35%	1.08%	1.08%
	IRM	B	2.37%	2.08%	2.08%
	IRT	D	0.29%	0.21%	0.21%
	IVT	B	0.15%	0.11%	0.11%
	KIM	B	1.07%	0.88%	0.88%
	KRG	C	0.37%	0.32%	0.32%
	LAMR	B	0.78%	0.66%	0.66%
	LTC	A	0.1%	0.1%	0.1%
	LXP	D	0.19%	0.18%	0.18%
	MAA	D	1.15%	1.0%	1.0%
	NHI	C	0.22%	0.23%	0.22%
	NNN	D	0.57%	0.48%	0.48%
	NTST	F	0.08%	0.06%	0.06%
	O	C	3.57%	2.99%	2.99%
	OHI	A	0.65%	0.61%	0.61%
	PECO	B	0.29%	0.25%	0.25%
	PLD	F	7.34%	5.94%	5.94%
	PSA	D	3.53%	3.04%	3.04%
	REG	C	0.81%	0.72%	0.72%
	REXR	F	0.64%	0.54%	0.54%
	RHP	B	0.41%	0.35%	0.35%
	SBAC	C	1.72%	1.38%	1.38%
	SBRA	A	0.28%	0.16%	0.16%
	SHO	D	0.13%	0.14%	0.13%
	SKT	B	0.25%	0.2%	0.2%
	SPG	B	3.68%	3.01%	3.01%
	STAG	D	0.46%	0.38%	0.38%
	SUI	D	1.1%	0.91%	0.91%
	TRNO	F	0.41%	0.32%	0.32%
	UDR	D	0.89%	0.81%	0.81%
	UHT	D	0.03%	0.0%	0.0%
	UMH	D	0.09%	0.08%	0.08%
	VICI	D	2.22%	1.89%	1.89%
	VTR	A	1.68%	1.6%	1.6%
	WELL	A	4.78%	4.51%	4.51%
	WPC	F	0.84%	0.61%	0.61%
	XHR	C	0.1%	0.05%	0.05%

FREL Overweight 71 Positions Relative to AVRE

	Symbol	Grade	Weight
	CBRE	A	2.48%
	CSGP	F	2.07%
	WY	F	1.54%
	BXP	B	0.86%
	JLL	A	0.82%
	Z	D	0.64%
	BRX	C	0.55%
	VNO	B	0.45%
	SLG	B	0.32%
	KRC	B	0.31%
	RYN	C	0.29%
	MAC	A	0.27%
	HIW	B	0.25%
	EPR	D	0.24%
	CDP	B	0.23%
	NSA	D	0.22%
	PCH	F	0.22%
	PK	F	0.2%
	DEI	B	0.2%
	MPW	D	0.18%
	AKR	A	0.17%
	OUT	B	0.17%
	UE	A	0.17%
	HHH	B	0.16%
	CWK	A	0.15%
	NMRK	A	0.15%
	JOE	F	0.14%
	COMP	B	0.14%
	ROIC	C	0.13%
	EQC	D	0.13%
	GNL	D	0.11%
	PEB	F	0.1%
	ESRT	C	0.1%
	JBGS	C	0.1%
	DEA	C	0.09%
	UNIT	C	0.09%
	RLJ	F	0.09%
	AAT	B	0.09%
	PDM	C	0.09%
	KW	C	0.08%
	VRE	D	0.08%
	RDFN	C	0.08%
	PLYM	F	0.07%
	MMI	D	0.07%
	CSR	D	0.07%
	EXPI	B	0.07%
	NXRT	D	0.07%
	BDN	C	0.07%
	OPEN	F	0.07%
	AIV	D	0.07%
	AHH	D	0.06%
	PGRE	C	0.06%
	INN	F	0.05%
	GOOD	B	0.05%
	WSR	B	0.05%
	FOR	D	0.05%
	ALX	D	0.04%
	OLP	C	0.04%
	HPP	F	0.04%
	SVC	F	0.04%
	GMRE	D	0.04%
	DHC	C	0.04%
	LAND	F	0.03%
	FRPH	D	0.03%
	CLDT	F	0.03%
	FPI	A	0.03%
	BFS	D	0.03%
	PKST	F	0.03%
	TRC	F	0.02%
	CBL	B	0.02%
	RMR	D	0.02%

FREL Underweight 2 Positions Relative to AVRE

	Symbol	Grade	Weight
	IIPR	B	-0.26%
	PSTL	B	-0.01%

FREL: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Diversified REIT - Office REIT - Residential REIT - Industrial REIT - Healthcare Facilities REIT - Hotel & Motel Real Estate Services Real Estate - General Lumber & Wood Production Telecom Services Business Services Software - Application

Keywords: Real Estate Investment Trust S&P 500 Real Estate Market Retail Properties Real Estate Properties Property Management Equity Global Management Property Equity Real Estate Investment Trust Real Estate Broker Shopping Mall Champion Reit Dream Office Real Estate Investment Trust Industrial Properties Land Law Property Management Services Real Estate Services Residential Real Estate Assisted Living Healthcare Facilities

AVRE: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Residential REIT - Diversified REIT - Industrial REIT - Healthcare Facilities REIT - Hotel & Motel REIT - Office Telecom Services Business Services

Keywords: Real Estate Investment Trust S&P 500 Real Estate Market Retail Properties Equity Global Management Real Estate Properties Equity Real Estate Investment Trust Shopping Mall Assisted Living Property Management David Sobelman Dream Office Real Estate Investment Trust Industrial Properties Industrial Real Estate Mobile Home Real Estate Investing Real Estate Investment Sba Communications Communications Sites Distributed Antenna System