FREL vs. SCHH ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Schwab U.S. REIT ETF (SCHH)

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

SCHH

Schwab U.S. REIT ETF

SCHH Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Select REIT IndexSM. The fund invests at least 90% of its net assets in securities included in the index. It generally gives the same weight to a given security as the index does. The index is a float-adjusted market capitalization weighted index comprised of real estate investment trusts ("REITs"). The fund may sell securities that are represented in the index in anticipation of their removal from the index, or buy securities that are not yet represented in the index in anticipation of their addition to the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.72

Average Daily Volume

4,590,816

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	FREL	SCHH
30 Days	-0.24%	-1.22%
60 Days	-1.75%	-2.53%
90 Days	2.47%	1.67%
12 Months	26.25%	25.57%

110 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in SCHH	Overlap
AAT	B	0.09%	0.09%	0.09%
ADC	A	0.51%	0.57%	0.51%
AHH	D	0.06%	0.06%	0.06%
AIV	C	0.07%	0.08%	0.07%
AKR	B	0.18%	0.19%	0.18%
ALEX	B	0.09%	0.1%	0.09%
AMH	C	0.82%	0.87%	0.82%
AMT	C	6.08%	6.73%	6.08%
APLE	B	0.24%	0.26%	0.24%
ARE	F	1.14%	1.21%	1.14%
AVB	B	2.16%	2.4%	2.16%
BDN	C	0.06%	0.07%	0.06%
BNL	D	0.21%	0.24%	0.21%
BRX	A	0.58%	0.65%	0.58%
BXP	C	0.79%	0.84%	0.79%
CCI	C	2.99%	3.35%	2.99%
CDP	C	0.22%	0.25%	0.22%
COLD	D	0.4%	0.42%	0.4%
CPT	B	0.86%	0.94%	0.86%
CSR	B	0.07%	0.08%	0.07%
CTRE	C	0.28%	0.38%	0.28%
CUBE	C	0.72%	0.81%	0.72%
CUZ	B	0.32%	0.35%	0.32%
DEA	D	0.08%	0.09%	0.08%
DEI	B	0.2%	0.22%	0.2%
DLR	B	3.77%	4.16%	3.77%
DOC	C	1.01%	1.08%	1.01%
DRH	B	0.13%	0.14%	0.13%
EGP	D	0.56%	0.62%	0.56%
ELME	D	0.1%	0.1%	0.1%
ELS	C	0.85%	0.98%	0.85%
EPR	C	0.23%	0.25%	0.23%
EPRT	B	0.37%	0.43%	0.37%
EQC	B	0.14%	0.16%	0.14%
EQIX	A	5.7%	6.26%	5.7%
EQR	C	1.66%	1.87%	1.66%
ESRT	C	0.1%	0.11%	0.1%
ESS	B	1.3%	1.43%	1.3%
EXR	C	2.32%	2.58%	2.32%
FCPT	C	0.18%	0.2%	0.18%
FPI	B	0.04%	0.04%	0.04%
FR	D	0.47%	0.51%	0.47%
FRT	B	0.56%	0.62%	0.56%
GLPI	C	0.89%	1.0%	0.89%
GMRE	F	0.04%	0.04%	0.04%
GNL	F	0.1%	0.11%	0.1%
GTY	A	0.11%	0.12%	0.11%
HIW	C	0.23%	0.25%	0.23%
HPP	F	0.03%	0.04%	0.03%
HST	C	0.82%	0.9%	0.82%
INN	D	0.05%	0.05%	0.05%
INVH	D	1.37%	1.43%	1.37%
IRM	C	2.22%	2.5%	2.22%
IRT	A	0.32%	0.35%	0.32%
IVT	A	0.15%	0.17%	0.15%
JBGS	F	0.09%	0.1%	0.09%
KIM	A	1.12%	1.25%	1.12%
KRC	B	0.29%	0.3%	0.29%
KRG	B	0.4%	0.44%	0.4%
LAMR	C	0.75%	0.83%	0.75%
LTC	B	0.11%	0.12%	0.11%
LXP	D	0.19%	0.2%	0.19%
MAA	B	1.23%	1.37%	1.23%
MAC	B	0.28%	0.31%	0.28%
MPW	F	0.17%	0.19%	0.17%
NHI	D	0.23%	0.25%	0.23%
NNN	C	0.51%	0.58%	0.51%
NSA	C	0.22%	0.22%	0.22%
NTST	C	0.08%	0.09%	0.08%
NXRT	B	0.07%	0.07%	0.07%
O	C	3.23%	3.65%	3.23%
OHI	C	0.65%	0.75%	0.65%
OUT	A	0.17%	0.19%	0.17%
PCH	F	0.22%	0.22%	0.22%
PDM	D	0.09%	0.09%	0.09%
PEB	D	0.1%	0.11%	0.1%
PECO	A	0.31%	0.35%	0.31%
PGRE	F	0.06%	0.06%	0.06%
PK	C	0.22%	0.22%	0.22%
PLD	F	7.1%	7.7%	7.1%
PLYM	F	0.06%	0.05%	0.05%
PSA	C	3.51%	3.92%	3.51%
REG	A	0.86%	0.89%	0.86%
REXR	F	0.61%	0.69%	0.61%
RHP	B	0.43%	0.49%	0.43%
RLJ	C	0.1%	0.11%	0.1%
ROIC	A	0.15%	0.16%	0.15%
RYN	D	0.28%	0.3%	0.28%
SBAC	D	1.58%	1.76%	1.58%
SBRA	C	0.29%	0.31%	0.29%
SHO	D	0.13%	0.15%	0.13%
SKT	A	0.26%	0.29%	0.26%
SLG	B	0.34%	0.37%	0.34%
SPG	A	3.89%	4.09%	3.89%
STAG	D	0.45%	0.49%	0.45%
SUI	C	1.03%	1.08%	1.03%
SVC	F	0.03%	0.03%	0.03%
TRNO	F	0.4%	0.43%	0.4%
UDR	B	0.93%	0.98%	0.93%
UE	B	0.19%	0.21%	0.19%
UMH	B	0.09%	0.1%	0.09%
UNIT	B	0.09%	0.1%	0.09%
VICI	C	2.18%	2.46%	2.18%
VNO	C	0.46%	0.49%	0.46%
VRE	B	0.09%	0.11%	0.09%
VTR	B	1.72%	1.95%	1.72%
WELL	A	5.08%	4.5%	4.5%
WPC	C	0.8%	0.91%	0.8%
WY	F	1.5%	1.66%	1.5%
XHR	B	0.11%	0.11%	0.11%

FREL Overweight 30 Positions Relative to SCHH

Symbol	Grade	Weight
CBRE	B	2.71%
CSGP	D	2.05%
JLL	D	0.84%
Z	A	0.79%
HHH	B	0.18%
COMP	B	0.17%
CWK	C	0.16%
NMRK	C	0.15%
JOE	F	0.12%
KW	C	0.08%
OPEN	F	0.07%
RDFN	D	0.07%
MMI	C	0.07%
EXPI	D	0.07%
FOR	F	0.05%
WSR	A	0.05%
GOOD	B	0.05%
ALX	D	0.04%
UHT	D	0.04%
OLP	B	0.04%
LAND	F	0.03%
FRPH	B	0.03%
DHC	F	0.03%
CLDT	B	0.03%
PKST	F	0.03%
BFS	C	0.03%
CHCT	C	0.03%
TRC	F	0.02%
RMR	F	0.02%
CBL	B	0.02%

FREL Underweight 1 Positions Relative to SCHH

	Symbol	Grade	Weight
	IIPR	D	-0.22%