FREL vs. VNQ ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Vanguard REIT ETF - DNQ (VNQ)

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

$24.56

Average Daily Volume

174,610

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$81.37

Average Daily Volume

4,739,640

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

Performance

Period	FREL	VNQ
30 Days	-3.00%	-3.06%
60 Days	-5.27%	-5.38%
90 Days	-1.86%	-1.94%
12 Months	2.32%	2.22%

138 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in VNQ	Overlap
AAT	B	0.08%	0.07%	0.07%
ADC	B	0.46%	0.36%	0.36%
AHH	B	0.06%	0.04%	0.04%
AIRC	A	0.44%	0.3%	0.3%
AIV	B	0.08%	0.07%	0.07%
AKR	B	0.15%	0.11%	0.11%
ALEX	C	0.09%	0.08%	0.08%
ALX	B	0.04%	0.03%	0.03%
AMH	C	0.92%	0.76%	0.76%
AMT	D	6.53%	5.82%	5.82%
APLE	F	0.25%	0.23%	0.23%
ARE	D	1.52%	1.35%	1.35%
AVB	A	2.13%	1.67%	1.67%
BDN	B	0.06%	0.05%	0.05%
BFS	F	0.04%	0.03%	0.03%
BNL	B	0.22%	0.19%	0.19%
BRX	C	0.53%	0.45%	0.45%
BXP	D	0.7%	0.62%	0.62%
CBL	F	0.02%	0.02%	0.02%
CBRE	D	2.06%	1.87%	1.87%
CCI	D	3.26%	2.9%	2.9%
CHCT	F	0.06%	0.04%	0.04%
CLDT	F	0.04%	0.03%	0.03%
COLD	F	0.5%	0.45%	0.45%
COMP	D	0.09%	0.08%	0.08%
CPT	B	0.84%	0.66%	0.66%
CSGP	B	2.86%	2.49%	2.49%
CSR	A	0.08%	0.05%	0.05%
CTRE	B	0.24%	0.18%	0.18%
CUBE	D	0.73%	0.64%	0.64%
CUZ	B	0.28%	0.23%	0.23%
CWK	C	0.13%	0.12%	0.12%
DBRG	F	0.19%	0.2%	0.19%
DEA	B	0.09%	0.07%	0.07%
DEI	B	0.18%	0.15%	0.15%
DHC	D	0.03%	0.03%	0.03%
DLR	C	3.31%	2.67%	2.67%
DOC	B	1.06%	0.84%	0.84%
DRH	D	0.15%	0.13%	0.13%
EGP	F	0.58%	0.53%	0.53%
ELS	D	0.87%	0.72%	0.72%
EPR	C	0.25%	0.2%	0.2%
EPRT	A	0.33%	0.26%	0.26%
EQC	C	0.16%	0.13%	0.13%
EQIX	F	5.12%	4.9%	4.9%
EQR	A	1.84%	1.44%	1.44%
ESRT	D	0.1%	0.09%	0.09%
ESS	A	1.25%	0.99%	0.99%
EXPI	D	0.07%	0.05%	0.05%
EXR	C	2.31%	1.96%	1.96%
FCPT	B	0.18%	0.14%	0.14%
FOR	D	0.05%	0.05%	0.05%
FPI	C	0.04%	0.03%	0.03%
FR	D	0.49%	0.44%	0.44%
FRT	B	0.6%	0.47%	0.47%
GLPI	F	0.91%	0.78%	0.78%
GMRE	D	0.04%	0.03%	0.03%
GNL	D	0.11%	0.1%	0.1%
GOOD	B	0.04%	0.03%	0.03%
GTY	B	0.11%	0.09%	0.09%
HIW	A	0.22%	0.18%	0.18%
HPP	F	0.05%	0.05%	0.05%
HST	D	1.02%	0.92%	0.92%
INN	D	0.05%	0.04%	0.04%
INVH	B	1.65%	1.38%	1.38%
IRM	D	1.75%	1.48%	1.48%
IRT	B	0.29%	0.23%	0.23%
IVT	B	0.13%	0.11%	0.11%
JBGS	F	0.11%	0.09%	0.09%
JLL	C	0.68%	0.59%	0.59%
JOE	B	0.16%	0.13%	0.13%
KIM	C	1.0%	0.84%	0.84%
KRC	D	0.3%	0.26%	0.26%
KRG	C	0.37%	0.3%	0.3%
KW	C	0.08%	0.06%	0.06%
LAMR	B	0.81%	0.66%	0.66%
LAND	D	0.03%	0.03%	0.03%
LTC	A	0.11%	0.09%	0.09%
LXP	D	0.2%	0.17%	0.17%
MAA	B	1.2%	0.97%	0.97%
MAC	D	0.24%	0.23%	0.23%
MMI	D	0.07%	0.05%	0.05%
MPW	D	0.23%	0.18%	0.18%
NHI	A	0.23%	0.17%	0.17%
NMRK	D	0.12%	0.1%	0.1%
NNN	A	0.59%	0.49%	0.49%
NSA	D	0.22%	0.2%	0.2%
NTST	C	0.1%	0.08%	0.08%
NXRT	B	0.06%	0.05%	0.05%
O	B	3.57%	2.84%	2.84%
OHI	B	0.6%	0.49%	0.49%
OLP	A	0.03%	0.02%	0.02%
OPEN	F	0.09%	0.1%	0.09%
OUT	D	0.18%	0.15%	0.15%
PCH	D	0.26%	0.24%	0.24%
PDM	B	0.07%	0.06%	0.06%
PEB	D	0.13%	0.12%	0.12%
PECO	F	0.31%	0.27%	0.27%
PGRE	B	0.06%	0.05%	0.05%
PK	D	0.27%	0.23%	0.23%
PKST	F	0.04%	0.04%	0.04%
PLD	D	7.53%	7.61%	7.53%
PLYM	F	0.07%	0.06%	0.06%
PSA	D	3.26%	2.9%	2.9%
RDFN	D	0.05%	0.04%	0.04%
REG	F	0.82%	0.67%	0.67%
REXR	D	0.72%	0.67%	0.67%
RHP	D	0.47%	0.41%	0.41%
RLJ	D	0.13%	0.12%	0.12%
RMR	B	0.03%	0.02%	0.02%
ROIC	D	0.13%	0.1%	0.1%
RYN	D	0.32%	0.3%	0.3%
SBAC	F	1.63%	1.47%	1.47%
SBRA	C	0.26%	0.22%	0.22%
SHO	D	0.15%	0.14%	0.14%
SITC	C	0.21%	0.17%	0.17%
SKT	D	0.24%	0.2%	0.2%
SLG	B	0.26%	0.22%	0.22%
SPG	D	3.6%	3.23%	3.23%
SRG	C	0.03%	0.02%	0.02%
STAG	D	0.5%	0.44%	0.44%
SUI	F	1.13%	1.01%	1.01%
SVC	F	0.08%	0.07%	0.07%
TRNO	F	0.37%	0.36%	0.36%
UDR	B	0.92%	0.74%	0.74%
UE	B	0.16%	0.13%	0.13%
UHT	D	0.04%	0.03%	0.03%
UMH	B	0.08%	0.06%	0.06%
UNIT	F	0.12%	0.09%	0.09%
VICI	D	2.33%	1.79%	1.79%
VNO	D	0.33%	0.29%	0.29%
VTR	B	1.45%	1.11%	1.11%
WELL	A	4.15%	3.16%	3.16%
WPC	C	0.95%	0.78%	0.78%
WSR	C	0.05%	0.04%	0.04%
WY	D	1.77%	1.66%	1.66%
XHR	C	0.11%	0.1%	0.1%
Z	F	0.48%	0.47%	0.47%

FREL Overweight 2 Positions Relative to VNQ

	Symbol	Grade	Weight
	FRPH	B	0.04%
	TRC	B	0.03%

FREL Underweight 7 Positions Relative to VNQ

Symbol	Grade	Weight
IIPR	B	-0.18%
ZG	F	-0.17%
ILPT	B	-0.02%
OPI	C	-0.01%
FSP	F	-0.01%
CIO	B	-0.01%
NXDT	F	-0.01%