FREL vs. FYC ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to First Trust Small Cap Growth AlphaDEX Fund (FYC)

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

$29.13

Average Daily Volume

168,084

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

FYC

First Trust Small Cap Growth AlphaDEX Fund

FYC Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Small Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P SmallCap 600(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$83.20

Average Daily Volume

28,154

Number of Holdings ^*

240

* may have additional holdings in another (foreign) market

Performance

Period	FREL	FYC
30 Days	-0.24%	11.90%
60 Days	-1.75%	12.40%
90 Days	2.47%	15.20%
12 Months	26.25%	46.68%

21 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in FYC	Overlap
AAT	B	0.09%	0.36%	0.09%
AIV	C	0.07%	0.22%	0.07%
ALX	D	0.04%	0.21%	0.04%
CDP	C	0.22%	0.24%	0.22%
ELME	D	0.1%	0.22%	0.1%
EPR	D	0.23%	0.22%	0.22%
ESRT	C	0.1%	0.33%	0.1%
FCPT	C	0.18%	0.23%	0.18%
GNL	F	0.1%	0.1%	0.1%
GTY	B	0.11%	0.23%	0.11%
JOE	F	0.12%	0.1%	0.1%
KW	B	0.08%	0.23%	0.08%
LTC	B	0.11%	0.12%	0.11%
MAC	B	0.28%	0.25%	0.25%
NHI	D	0.23%	0.32%	0.23%
NSA	D	0.22%	0.31%	0.22%
NXRT	B	0.07%	0.24%	0.07%
OUT	A	0.17%	0.48%	0.17%
SKT	B	0.26%	0.26%	0.26%
UE	C	0.19%	0.38%	0.19%
UMH	C	0.09%	0.24%	0.09%

FREL Overweight 119 Positions Relative to FYC

Symbol	Grade	Weight
PLD	D	7.1%
AMT	D	6.08%
EQIX	A	5.7%
WELL	A	5.08%
SPG	B	3.89%
DLR	B	3.77%
PSA	D	3.51%
O	D	3.23%
CCI	D	2.99%
CBRE	B	2.71%
EXR	D	2.32%
IRM	D	2.22%
VICI	C	2.18%
AVB	B	2.16%
CSGP	D	2.05%
VTR	C	1.72%
EQR	B	1.66%
SBAC	D	1.58%
WY	D	1.5%
INVH	D	1.37%
ESS	B	1.3%
MAA	B	1.23%
ARE	D	1.14%
KIM	A	1.12%
SUI	D	1.03%
DOC	D	1.01%
UDR	B	0.93%
GLPI	C	0.89%
CPT	B	0.86%
REG	B	0.86%
ELS	C	0.85%
JLL	D	0.84%
HST	C	0.82%
AMH	D	0.82%
WPC	D	0.8%
Z	A	0.79%
BXP	D	0.79%
LAMR	D	0.75%
CUBE	D	0.72%
OHI	C	0.65%
REXR	F	0.61%
BRX	A	0.58%
EGP	F	0.56%
FRT	B	0.56%
NNN	D	0.51%
ADC	B	0.51%
FR	C	0.47%
VNO	B	0.46%
STAG	F	0.45%
RHP	B	0.43%
TRNO	F	0.4%
COLD	D	0.4%
KRG	B	0.4%
EPRT	B	0.37%
SLG	B	0.34%
CUZ	B	0.32%
IRT	A	0.32%
PECO	A	0.31%
SBRA	C	0.29%
KRC	C	0.29%
CTRE	D	0.28%
RYN	D	0.28%
APLE	B	0.24%
HIW	D	0.23%
PK	B	0.22%
PCH	D	0.22%
BNL	D	0.21%
DEI	B	0.2%
LXP	D	0.19%
AKR	B	0.18%
HHH	B	0.18%
MPW	F	0.17%
COMP	B	0.17%
CWK	B	0.16%
ROIC	A	0.15%
IVT	B	0.15%
NMRK	B	0.15%
EQC	B	0.14%
SHO	C	0.13%
DRH	B	0.13%
XHR	B	0.11%
PEB	D	0.1%
RLJ	C	0.1%
PDM	D	0.09%
UNIT	B	0.09%
VRE	B	0.09%
JBGS	D	0.09%
ALEX	C	0.09%
NTST	D	0.08%
DEA	D	0.08%
OPEN	D	0.07%
CSR	B	0.07%
RDFN	D	0.07%
MMI	B	0.07%
EXPI	C	0.07%
AHH	D	0.06%
PGRE	F	0.06%
PLYM	F	0.06%
BDN	C	0.06%
INN	D	0.05%
FOR	F	0.05%
WSR	A	0.05%
GOOD	B	0.05%
FPI	B	0.04%
UHT	D	0.04%
GMRE	F	0.04%
OLP	B	0.04%
LAND	F	0.03%
FRPH	A	0.03%
DHC	F	0.03%
SVC	F	0.03%
CLDT	B	0.03%
PKST	D	0.03%
BFS	C	0.03%
HPP	F	0.03%
CHCT	C	0.03%
TRC	F	0.02%
RMR	F	0.02%
CBL	A	0.02%

FREL Underweight 219 Positions Relative to FYC

Symbol	Grade	Weight
RKLB	B	-1.06%
EAT	A	-0.91%
PAYO	A	-0.82%
POWL	C	-0.81%
PRIM	A	-0.81%
TGTX	B	-0.79%
IESC	B	-0.79%
ROAD	A	-0.76%
IDCC	A	-0.76%
STRL	B	-0.75%
WWW	B	-0.75%
TRUP	B	-0.74%
QCRH	A	-0.73%
ENVA	B	-0.72%
GVA	A	-0.72%
WULF	C	-0.71%
PJT	A	-0.71%
DOCS	C	-0.71%
LRN	A	-0.7%
STEP	B	-0.69%
USLM	A	-0.69%
FTDR	A	-0.69%
MCY	A	-0.69%
ACLX	C	-0.68%
RYTM	C	-0.68%
CNK	B	-0.68%
ATGE	B	-0.67%
LMND	B	-0.67%
ALHC	C	-0.65%
VCYT	B	-0.65%
GSHD	A	-0.64%
PRCT	B	-0.64%
TRN	C	-0.64%
AMRX	C	-0.64%
REVG	B	-0.63%
SKYW	B	-0.62%
PBI	B	-0.61%
HNI	B	-0.61%
PTON	B	-0.6%
ADMA	B	-0.6%
NHC	C	-0.6%
TBBK	B	-0.6%
CHEF	A	-0.59%
DSGR	D	-0.59%
AGIO	C	-0.59%
CALM	A	-0.58%
KYMR	D	-0.58%
HWKN	B	-0.58%
SKWD	A	-0.58%
SLVM	B	-0.58%
MIRM	B	-0.57%
SGBX	F	-0.57%
INTA	A	-0.57%
SYBT	B	-0.57%
DORM	B	-0.57%
CWAN	B	-0.57%
ALKT	B	-0.56%
VCTR	B	-0.55%
NBHC	B	-0.55%
PRK	B	-0.55%
JANX	C	-0.54%
MWA	B	-0.54%
PRM	C	-0.54%
CDE	D	-0.54%
OSW	A	-0.54%
PTGX	C	-0.54%
PTCT	B	-0.54%
PLMR	B	-0.53%
CHWY	B	-0.53%
SATS	D	-0.53%
MNKD	C	-0.53%
CPRX	C	-0.52%
LMAT	A	-0.52%
TGLS	B	-0.51%
CRAI	B	-0.51%
NPAB	B	-0.49%
CCOI	B	-0.49%
LFST	C	-0.49%
SMTC	B	-0.49%
PRGS	A	-0.48%
SABR	C	-0.48%
AORT	B	-0.48%
YOU	D	-0.48%
UFPT	B	-0.47%
BCRX	D	-0.47%
LITE	B	-0.47%
FBP	B	-0.47%
CENX	B	-0.46%
VERX	B	-0.45%
WTTR	B	-0.43%
MBIN	D	-0.43%
ASTH	D	-0.43%
NMIH	D	-0.43%
OSCR	D	-0.43%
APOG	B	-0.42%
SITM	B	-0.42%
CAKE	C	-0.42%
CARG	C	-0.42%
NRIX	D	-0.42%
SHAK	C	-0.42%
MGNI	A	-0.42%
RNG	B	-0.41%
BANF	B	-0.41%
GABC	B	-0.41%
CIFR	B	-0.4%
BGC	C	-0.4%
SEMR	B	-0.4%
WT	B	-0.4%
VITL	D	-0.39%
GFF	A	-0.39%
OII	B	-0.39%
GERN	D	-0.39%
CHCO	B	-0.39%
HRMY	D	-0.39%
HURN	B	-0.39%
KTOS	B	-0.38%
ESE	B	-0.38%
BLBD	D	-0.38%
COLL	F	-0.37%
AZZ	B	-0.36%
KN	B	-0.36%
OSIS	B	-0.35%
BRC	D	-0.34%
AMPH	D	-0.33%
ICFI	F	-0.33%
DOCN	D	-0.33%
IOVA	F	-0.32%
PMT	D	-0.32%
ADUS	D	-0.32%
FLNC	C	-0.32%
CWT	D	-0.32%
ASPN	F	-0.32%
WRBY	B	-0.31%
HLIT	D	-0.3%
KNTK	B	-0.3%
TWST	D	-0.3%
BLFS	C	-0.3%
HEES	B	-0.29%
LGND	B	-0.28%
BKD	D	-0.28%
MGEE	C	-0.28%
DRVN	B	-0.28%
TNL	A	-0.28%
CEIX	A	-0.28%
IIPR	D	-0.27%
LKFN	B	-0.27%
OCUL	D	-0.27%
EPAC	B	-0.27%
AROC	B	-0.27%
NEO	C	-0.26%
WDFC	B	-0.26%
SXI	B	-0.26%
BANC	A	-0.26%
AGYS	A	-0.26%
AGM	C	-0.26%
SWI	B	-0.25%
ARQT	C	-0.25%
ANIP	F	-0.24%
TNDM	F	-0.24%
IAS	C	-0.24%
CPK	A	-0.24%
GTX	D	-0.23%
JJSF	B	-0.23%
SXT	B	-0.23%
DNLI	D	-0.23%
CMPR	D	-0.23%
SCS	C	-0.23%
ACVA	B	-0.23%
PHR	F	-0.22%
AESI	B	-0.22%
HLX	B	-0.22%
CDRE	D	-0.21%
HUMA	F	-0.21%
RXST	F	-0.21%
EVH	F	-0.21%
NVAX	F	-0.2%
MYGN	F	-0.2%
SOUN	C	-0.17%
TGI	B	-0.16%
MIR	A	-0.16%
ARDX	F	-0.16%
PAR	B	-0.16%
CBZ	B	-0.14%
SMPL	B	-0.13%
BEAM	D	-0.13%
CLB	B	-0.13%
BL	B	-0.13%
APPN	B	-0.13%
APAM	B	-0.13%
MLNK	B	-0.13%
ACAD	D	-0.13%
CARS	B	-0.13%
CTS	C	-0.13%
WABC	B	-0.13%
PLAY	D	-0.13%
FBRT	C	-0.12%
THR	B	-0.12%
AMC	C	-0.12%
AWR	B	-0.12%
YELP	C	-0.12%
STRA	C	-0.12%
TR	B	-0.12%
WEN	D	-0.12%
TNC	D	-0.11%
PZZA	D	-0.11%
NSSC	D	-0.11%
RRR	D	-0.11%
ARLO	C	-0.11%
FOLD	F	-0.11%
ENVX	F	-0.11%
BXMT	C	-0.11%
IRDM	D	-0.11%
VECO	F	-0.1%
AZTA	D	-0.1%
JAMF	F	-0.1%
CLDX	F	-0.09%
XPRO	F	-0.09%
RLAY	F	-0.09%
LPG	F	-0.09%