FREL vs. RWO ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to SPDR DJ Wilshire Global Real Estate ETF (RWO)

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

$24.51

Average Daily Volume

175,419

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

RWO

SPDR DJ Wilshire Global Real Estate ETF

RWO Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the Dow Jones Global Select Real Estate Securities Indexsm. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index designed to measure the performance of publicly traded global real estate securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.11

Average Daily Volume

87,106

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FREL	RWO
30 Days	-3.16%	-1.51%
60 Days	-6.11%	-2.96%
90 Days	-2.71%	-1.41%
12 Months	3.87%	2.99%

98 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in RWO	Overlap
AAT	B	0.08%	0.08%	0.08%
ADC	B	0.46%	0.45%	0.45%
AIRC	A	0.44%	0.43%	0.43%
AIV	B	0.08%	0.08%	0.08%
AKR	B	0.15%	0.14%	0.14%
AMH	D	0.92%	0.89%	0.89%
APLE	F	0.25%	0.24%	0.24%
ARE	D	1.52%	1.41%	1.41%
AVB	A	2.13%	2.09%	2.09%
BDN	B	0.06%	0.06%	0.06%
BNL	C	0.22%	0.2%	0.2%
BRX	C	0.53%	0.5%	0.5%
BXP	F	0.7%	0.68%	0.68%
CHCT	F	0.06%	0.05%	0.05%
CLDT	F	0.04%	0.03%	0.03%
COLD	F	0.5%	0.46%	0.46%
CPT	A	0.84%	0.82%	0.82%
CSR	A	0.08%	0.07%	0.07%
CTRE	B	0.24%	0.24%	0.24%
CUBE	D	0.73%	0.7%	0.7%
CUZ	A	0.28%	0.26%	0.26%
DBRG	F	0.19%	0.19%	0.19%
DEA	C	0.09%	0.09%	0.09%
DEI	B	0.18%	0.17%	0.17%
DHC	C	0.03%	0.04%	0.03%
DLR	B	3.31%	3.32%	3.31%
DOC	A	1.06%	1.02%	1.02%
DRH	D	0.15%	0.15%	0.15%
EGP	F	0.58%	0.57%	0.57%
ELS	D	0.87%	0.87%	0.87%
EPR	D	0.25%	0.24%	0.24%
EPRT	A	0.33%	0.31%	0.31%
EQC	D	0.16%	0.15%	0.15%
EQIX	F	5.12%	5.27%	5.12%
EQR	A	1.84%	1.73%	1.73%
ESRT	D	0.1%	0.09%	0.09%
ESS	A	1.25%	1.22%	1.22%
EXR	C	2.31%	2.17%	2.17%
FCPT	C	0.18%	0.16%	0.16%
FR	D	0.49%	0.47%	0.47%
FRT	B	0.6%	0.58%	0.58%
GMRE	D	0.04%	0.04%	0.04%
GNL	D	0.11%	0.1%	0.1%
GTY	C	0.11%	0.1%	0.1%
HIW	A	0.22%	0.21%	0.21%
HPP	F	0.05%	0.06%	0.05%
HST	D	1.02%	1.02%	1.02%
INN	D	0.05%	0.05%	0.05%
INVH	B	1.65%	1.54%	1.54%
IRT	B	0.29%	0.27%	0.27%
JBGS	F	0.11%	0.1%	0.1%
KIM	C	1.0%	0.94%	0.94%
KRC	D	0.3%	0.27%	0.27%
KRG	C	0.37%	0.36%	0.36%
KW	C	0.08%	0.08%	0.08%
LXP	D	0.2%	0.19%	0.19%
MAA	B	1.2%	1.16%	1.16%
MAC	D	0.24%	0.26%	0.24%
MPW	C	0.23%	0.21%	0.21%
NHI	A	0.23%	0.21%	0.21%
NNN	A	0.59%	0.57%	0.57%
NSA	D	0.22%	0.21%	0.21%
NTST	C	0.1%	0.09%	0.09%
NXRT	B	0.06%	0.06%	0.06%
O	B	3.57%	3.43%	3.43%
OHI	A	0.6%	0.59%	0.59%
PDM	B	0.07%	0.06%	0.06%
PEB	F	0.13%	0.14%	0.13%
PECO	D	0.31%	0.3%	0.3%
PGRE	B	0.06%	0.06%	0.06%
PK	D	0.27%	0.27%	0.27%
PLD	D	7.53%	7.39%	7.39%
PLYM	F	0.07%	0.06%	0.06%
PSA	D	3.26%	3.13%	3.13%
REG	F	0.82%	0.74%	0.74%
REXR	D	0.72%	0.7%	0.7%
RHP	D	0.47%	0.49%	0.47%
RLJ	D	0.13%	0.13%	0.13%
ROIC	D	0.13%	0.12%	0.12%
SHO	D	0.15%	0.16%	0.15%
SITC	C	0.21%	0.19%	0.19%
SKT	D	0.24%	0.24%	0.24%
SLG	B	0.26%	0.25%	0.25%
SPG	D	3.6%	3.56%	3.56%
SRG	D	0.03%	0.03%	0.03%
STAG	D	0.5%	0.48%	0.48%
SUI	F	1.13%	1.14%	1.13%
SVC	F	0.08%	0.08%	0.08%
TRNO	D	0.37%	0.39%	0.37%
UDR	B	0.92%	0.88%	0.88%
UE	B	0.16%	0.15%	0.15%
UHT	D	0.04%	0.03%	0.03%
UMH	C	0.08%	0.07%	0.07%
VNO	D	0.33%	0.32%	0.32%
VTR	B	1.45%	1.36%	1.36%
WELL	A	4.15%	4.01%	4.01%
WPC	C	0.95%	0.93%	0.93%
XHR	B	0.11%	0.12%	0.11%

FREL Overweight 42 Positions Relative to RWO

Symbol	Grade	Weight
AMT	D	6.53%
CCI	D	3.26%
CSGP	C	2.86%
VICI	D	2.33%
CBRE	D	2.06%
WY	D	1.77%
IRM	D	1.75%
SBAC	F	1.63%
GLPI	F	0.91%
LAMR	B	0.81%
JLL	C	0.68%
Z	F	0.48%
RYN	F	0.32%
PCH	D	0.26%
SBRA	B	0.26%
OUT	D	0.18%
JOE	B	0.16%
CWK	C	0.13%
IVT	B	0.13%
UNIT	F	0.12%
NMRK	D	0.12%
LTC	A	0.11%
OPEN	F	0.09%
ALEX	C	0.09%
COMP	D	0.09%
MMI	D	0.07%
EXPI	D	0.07%
AHH	C	0.06%
WSR	D	0.05%
FOR	D	0.05%
RDFN	D	0.05%
FRPH	A	0.04%
BFS	F	0.04%
PKST	F	0.04%
FPI	B	0.04%
ALX	C	0.04%
GOOD	A	0.04%
TRC	B	0.03%
RMR	B	0.03%
OLP	A	0.03%
LAND	D	0.03%
CBL	F	0.02%

FREL Underweight 2 Positions Relative to RWO

	Symbol	Grade	Weight
	IIPR	A	-0.21%
	OPI	C	-0.01%