FREL vs. MDYV ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$85.86

Average Daily Volume

306,977

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	FREL	MDYV
30 Days	-0.24%	7.26%
60 Days	-1.75%	8.46%
90 Days	2.47%	9.68%
12 Months	26.25%	31.69%

26 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in MDYV	Overlap
ADC	B	0.51%	0.51%	0.51%
AMH	D	0.82%	0.32%	0.32%
BRX	A	0.58%	0.33%	0.33%
CDP	C	0.22%	0.14%	0.14%
CUBE	D	0.72%	0.33%	0.33%
CUZ	B	0.32%	0.32%	0.32%
EGP	F	0.56%	0.21%	0.21%
ELS	C	0.85%	0.32%	0.32%
EPR	D	0.23%	0.09%	0.09%
FR	C	0.47%	0.24%	0.24%
GLPI	C	0.89%	0.51%	0.51%
IRT	A	0.32%	0.32%	0.32%
JLL	D	0.84%	0.84%	0.84%
KRC	C	0.29%	0.28%	0.28%
KRG	B	0.4%	0.4%	0.4%
LAMR	D	0.75%	0.32%	0.32%
NNN	D	0.51%	0.33%	0.33%
NSA	D	0.22%	0.1%	0.1%
OHI	C	0.65%	0.41%	0.41%
PCH	D	0.22%	0.2%	0.2%
REXR	F	0.61%	0.38%	0.38%
RYN	D	0.28%	0.17%	0.17%
SBRA	C	0.29%	0.29%	0.29%
STAG	F	0.45%	0.22%	0.22%
VNO	B	0.46%	0.47%	0.46%
WPC	D	0.8%	0.81%	0.8%

FREL Overweight 114 Positions Relative to MDYV

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%
CPT	B	0.86%
REG	B	0.86%
HST	C	0.82%
Z	A	0.79%
BXP	D	0.79%
FRT	B	0.56%
RHP	B	0.43%
TRNO	F	0.4%
COLD	D	0.4%
EPRT	B	0.37%
SLG	B	0.34%
PECO	A	0.31%
CTRE	D	0.28%
MAC	B	0.28%
SKT	B	0.26%
APLE	B	0.24%
HIW	D	0.23%
NHI	D	0.23%
PK	B	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%
OUT	A	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 258 Positions Relative to MDYV

Symbol	Grade	Weight
ILMN	D	-1.53%
DOCU	A	-1.11%
USFD	A	-1.09%
FNF	B	-1.07%
THC	D	-1.05%
COHR	B	-1.03%
RGA	A	-1.02%
PFGC	B	-0.9%
UNM	A	-0.83%
SF	B	-0.8%
JEF	A	-0.8%
BJ	A	-0.78%
RRX	B	-0.77%
FHN	A	-0.73%
GME	C	-0.72%
AA	B	-0.72%
ARMK	B	-0.69%
WBS	A	-0.69%
AFG	A	-0.69%
ALLY	C	-0.67%
LAD	A	-0.67%
UTHR	C	-0.64%
WCC	B	-0.63%
CNH	C	-0.63%
AAL	B	-0.63%
GMED	A	-0.62%
XPO	B	-0.62%
KNX	B	-0.61%
ORI	A	-0.6%
AR	B	-0.6%
FLR	B	-0.59%
WTFC	A	-0.59%
SNX	C	-0.59%
ZION	B	-0.59%
SFM	A	-0.57%
OGE	B	-0.57%
MTZ	B	-0.57%
TPL	A	-0.57%
GPK	C	-0.57%
AVTR	F	-0.56%
SSB	B	-0.55%
X	C	-0.55%
IBKR	A	-0.54%
SNV	B	-0.54%
RPM	A	-0.54%
PB	A	-0.53%
FYBR	D	-0.52%
ACM	A	-0.52%
BERY	B	-0.51%
G	B	-0.5%
OSK	B	-0.49%
TMHC	B	-0.49%
EQH	B	-0.48%
R	B	-0.48%
CACI	D	-0.47%
CADE	B	-0.47%
ONB	B	-0.47%
BURL	A	-0.46%
CMC	B	-0.46%
VMI	B	-0.46%
DINO	D	-0.46%
EWBC	A	-0.45%
FAF	A	-0.45%
BIO	D	-0.45%
COLB	A	-0.44%
DAR	C	-0.44%
KD	B	-0.44%
GBCI	B	-0.43%
NOV	C	-0.43%
STWD	C	-0.42%
INGR	B	-0.42%
WHR	B	-0.42%
RNR	C	-0.41%
ARW	D	-0.41%
ESNT	D	-0.4%
CIEN	B	-0.4%
FNB	A	-0.4%
SCI	B	-0.4%
AGCO	D	-0.39%
LITE	B	-0.39%
PVH	C	-0.39%
JHG	A	-0.39%
THO	B	-0.39%
THG	A	-0.39%
PNFP	B	-0.38%
AMG	B	-0.38%
CG	A	-0.38%
FBIN	D	-0.38%
EHC	B	-0.38%
HOMB	A	-0.38%
CCK	C	-0.38%
UBSI	B	-0.38%
UMBF	B	-0.37%
BMRN	D	-0.37%
NFG	A	-0.37%
CLF	F	-0.37%
LEA	D	-0.36%
DKS	C	-0.36%
CFR	B	-0.35%
AYI	B	-0.34%
UGI	A	-0.34%
WTRG	B	-0.34%
NXST	C	-0.34%
POST	C	-0.34%
CW	B	-0.33%
BDC	B	-0.33%
GAP	C	-0.33%
WAL	B	-0.33%
ST	F	-0.33%
SON	D	-0.33%
CBSH	A	-0.33%
AVNT	B	-0.32%
AVT	C	-0.32%
NJR	A	-0.32%
POR	C	-0.32%
ATR	B	-0.32%
VLY	B	-0.32%
VOYA	B	-0.32%
SWX	B	-0.31%
AN	C	-0.3%
SLGN	A	-0.3%
BRBR	A	-0.3%
RGLD	C	-0.3%
TTC	D	-0.3%
JAZZ	B	-0.3%
TKO	B	-0.3%
FLO	D	-0.29%
ORA	B	-0.29%
FLS	B	-0.29%
KMPR	B	-0.29%
M	D	-0.29%
KBR	F	-0.29%
KEX	C	-0.29%
BKH	A	-0.29%
HQY	B	-0.28%
TCBI	B	-0.28%
ASGN	F	-0.28%
CNO	A	-0.28%
PNM	F	-0.28%
SAIC	F	-0.28%
OGS	A	-0.28%
MTG	C	-0.27%
ASB	B	-0.27%
DCI	B	-0.27%
SEIC	B	-0.27%
IDA	A	-0.26%
SR	A	-0.26%
ASH	D	-0.26%
HOG	D	-0.26%
MKSI	C	-0.26%
CGNX	C	-0.26%
MIDD	C	-0.25%
PRGO	B	-0.25%
ALE	A	-0.25%
PII	D	-0.24%
CYTK	F	-0.24%
WU	D	-0.24%
DTM	B	-0.24%
MAT	D	-0.24%
XRAY	F	-0.24%
NWE	B	-0.23%
CHE	D	-0.23%
GATX	A	-0.23%
NVST	B	-0.23%
CNM	D	-0.23%
FFIN	B	-0.22%
GHC	C	-0.22%
DOCS	C	-0.22%
FHI	A	-0.22%
EVR	B	-0.22%
PBF	D	-0.21%
BHF	B	-0.21%
SLM	A	-0.21%
EXLS	B	-0.21%
OLN	D	-0.2%
TKR	D	-0.2%
AMKR	D	-0.2%
CVLT	B	-0.2%
VAC	B	-0.2%
MAN	D	-0.2%
PAG	B	-0.2%
KBH	D	-0.19%
ALV	C	-0.19%
CC	C	-0.19%
NEOG	F	-0.19%
WH	B	-0.18%
CHWY	B	-0.18%
GXO	B	-0.18%
RH	B	-0.18%
GT	C	-0.18%
MASI	A	-0.18%
MUR	D	-0.18%
MTSI	B	-0.18%
SIGI	C	-0.18%
CXT	B	-0.18%
EXPO	D	-0.17%
LPX	B	-0.17%
HWC	B	-0.17%
HXL	D	-0.17%
GNTX	C	-0.17%
ENOV	C	-0.17%
RLI	B	-0.17%
NOVT	D	-0.17%
CRUS	D	-0.16%
BRKR	D	-0.16%
OZK	B	-0.16%
IBOC	A	-0.15%
JWN	C	-0.15%
ENS	D	-0.15%
RCM	F	-0.15%
MTN	C	-0.15%
ALGM	D	-0.14%
PPC	C	-0.14%
ZI	D	-0.14%
SRPT	D	-0.14%
BC	C	-0.14%
LSTR	D	-0.14%
AM	A	-0.14%
UAA	C	-0.13%
LFUS	F	-0.13%
CNXC	F	-0.13%
DLB	B	-0.13%
ROIV	C	-0.13%
CRI	D	-0.13%
CHX	C	-0.13%
SMG	D	-0.13%
CBT	C	-0.13%
EEFT	B	-0.13%
AMED	F	-0.12%
GEF	A	-0.12%
IRDM	D	-0.12%
SYNA	C	-0.12%
POWI	D	-0.12%
MSM	C	-0.12%
LIVN	F	-0.12%
VSH	D	-0.12%
LANC	C	-0.12%
HAE	C	-0.12%
CHH	A	-0.11%
OPCH	D	-0.11%
COLM	B	-0.1%
WEN	D	-0.1%
SAM	C	-0.1%
TEX	D	-0.1%
KNF	A	-0.1%
BLKB	B	-0.09%
PSN	D	-0.09%
MMS	F	-0.09%
NSP	D	-0.09%
VC	D	-0.09%
TNL	A	-0.08%
IPGP	D	-0.08%
UA	C	-0.08%
YETI	C	-0.08%
CPRI	F	-0.08%
HGV	B	-0.07%
WMG	C	-0.07%
AZTA	D	-0.05%