FREL vs. JPRE ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to JPMorgan Realty Income ETF (JPRE)

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

JPRE

JPMorgan Realty Income ETF

JPRE Description

The investment seeks to provide high total investment return through a combination of capital appreciation and current income. The fund seeks to achieve its objective by investing substantially all of its assets, and in any event under normal circumstances at least 80% of its net assets (plus the amount of any borrowings for investment purposes), in equity securities of real estate investment trusts (REITs), including REITs with relatively small market capitalizations. It may invest in both equity REITs and mortgage REITs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.49

Average Daily Volume

23,825

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FREL	JPRE
30 Days	-0.24%	-0.94%
60 Days	-1.75%	-1.77%
90 Days	2.47%	2.85%
12 Months	26.25%	25.24%

29 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in JPRE	Overlap
AMH	D	0.82%	3.69%	0.82%
AMT	D	6.08%	7.89%	6.08%
ARE	D	1.14%	3.23%	1.14%
BXP	D	0.79%	2.94%	0.79%
CDP	C	0.22%	2.12%	0.22%
COLD	D	0.4%	1.75%	0.4%
CTRE	D	0.28%	1.87%	0.28%
CUZ	B	0.32%	1.44%	0.32%
DLR	B	3.77%	5.7%	3.77%
EGP	F	0.56%	2.88%	0.56%
ELS	C	0.85%	3.7%	0.85%
EQIX	A	5.7%	8.35%	5.7%
EQR	B	1.66%	2.66%	1.66%
EXR	D	2.32%	3.73%	2.32%
FRT	B	0.56%	2.96%	0.56%
HST	C	0.82%	2.32%	0.82%
INVH	D	1.37%	1.41%	1.37%
KIM	A	1.12%	1.41%	1.12%
KRG	B	0.4%	2.64%	0.4%
OUT	A	0.17%	1.07%	0.17%
PLD	D	7.1%	6.33%	6.33%
PSA	D	3.51%	1.6%	1.6%
SBAC	D	1.58%	2.02%	1.58%
SBRA	C	0.29%	1.72%	0.29%
UDR	B	0.93%	3.8%	0.93%
VICI	C	2.18%	4.05%	2.18%
VTR	C	1.72%	4.67%	1.72%
WELL	A	5.08%	7.66%	5.08%
WY	D	1.5%	1.35%	1.35%

FREL Overweight 111 Positions Relative to JPRE

Symbol	Grade	Weight
SPG	B	3.89%
O	D	3.23%
CCI	D	2.99%
CBRE	B	2.71%
IRM	D	2.22%
AVB	B	2.16%
CSGP	D	2.05%
ESS	B	1.3%
MAA	B	1.23%
SUI	D	1.03%
DOC	D	1.01%
GLPI	C	0.89%
CPT	B	0.86%
REG	B	0.86%
JLL	D	0.84%
WPC	D	0.8%
Z	A	0.79%
LAMR	D	0.75%
CUBE	D	0.72%
OHI	C	0.65%
REXR	F	0.61%
BRX	A	0.58%
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%
EPRT	B	0.37%
SLG	B	0.34%
IRT	A	0.32%
PECO	A	0.31%
KRC	C	0.29%
RYN	D	0.28%
MAC	B	0.28%
SKT	B	0.26%
APLE	B	0.24%
EPR	D	0.23%
HIW	D	0.23%
NHI	D	0.23%
PK	B	0.22%
NSA	D	0.22%
PCH	D	0.22%
BNL	D	0.21%
DEI	B	0.2%
UE	C	0.19%
LXP	D	0.19%
AKR	B	0.18%
HHH	B	0.18%
FCPT	C	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%
JOE	F	0.12%
XHR	B	0.11%
GTY	B	0.11%
LTC	B	0.11%
ELME	D	0.1%
ESRT	C	0.1%
PEB	D	0.1%
RLJ	C	0.1%
GNL	F	0.1%
PDM	D	0.09%
UNIT	B	0.09%
VRE	B	0.09%
JBGS	D	0.09%
ALEX	C	0.09%
UMH	C	0.09%
AAT	B	0.09%
NTST	D	0.08%
KW	B	0.08%
DEA	D	0.08%
OPEN	D	0.07%
AIV	C	0.07%
NXRT	B	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%
ALX	D	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 0 Positions Relative to JPRE

	Symbol	Grade	Weight