FREL vs. XLRE ETF Comparison

Comparison of Fidelity MSCI Real Estate Index ETF (FREL) to Real Estate Select Sector SPDR Fund (The) (XLRE)

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

$28.91

Average Daily Volume

168,611

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

XLRE

Real Estate Select Sector SPDR Fund (The)

XLRE Description

The Select Sector SPDR Trust - The Real Estate Select Sector SPDR Fund is an exchange traded fund launched by State Street Global Advisors, Inc. It is managed by SSgA Funds Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating in the real estate sector including companies engaged in real estate management and development and REITs, excluding mortgage REITs. The fund invests in stocks of large-cap companies. It seeks to replicate the performance of The Real Estate Select Sector Index, by investing in stocks of companies as per their weightings in the index. The Select Sector SPDR Trust - The Real Estate Select Sector SPDR Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$43.76

Average Daily Volume

4,852,526

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FREL	XLRE
30 Days	-0.21%	-0.30%
60 Days	-1.57%	-1.37%
90 Days	1.70%	1.61%
12 Months	25.30%	25.19%

31 Overlapping Holdings

Symbol	Grade	Weight in FREL	Weight in XLRE	Overlap
AMT	C	6.08%	8.3%	6.08%
ARE	F	1.14%	1.54%	1.14%
AVB	B	2.16%	2.95%	2.16%
BXP	C	0.79%	1.05%	0.79%
CBRE	B	2.71%	3.63%	2.71%
CCI	C	2.99%	4.08%	2.99%
CPT	B	0.86%	1.17%	0.86%
CSGP	D	2.05%	2.81%	2.05%
DLR	B	3.77%	5.0%	3.77%
DOC	C	1.01%	1.36%	1.01%
EQIX	A	5.7%	7.78%	5.7%
EQR	C	1.66%	2.27%	1.66%
ESS	B	1.3%	1.77%	1.3%
EXR	C	2.32%	3.16%	2.32%
FRT	B	0.56%	0.78%	0.56%
HST	C	0.82%	1.12%	0.82%
INVH	D	1.37%	1.74%	1.37%
IRM	C	2.22%	3.03%	2.22%
KIM	A	1.12%	1.52%	1.12%
MAA	B	1.23%	1.68%	1.23%
O	C	3.23%	4.45%	3.23%
PLD	F	7.1%	9.69%	7.1%
PSA	C	3.51%	4.77%	3.51%
REG	A	0.86%	1.1%	0.86%
SBAC	D	1.58%	2.14%	1.58%
SPG	A	3.89%	4.98%	3.89%
UDR	B	0.93%	1.22%	0.93%
VICI	C	2.18%	2.99%	2.18%
VTR	B	1.72%	2.39%	1.72%
WELL	A	5.08%	7.1%	5.08%
WY	F	1.5%	2.05%	1.5%

FREL Overweight 109 Positions Relative to XLRE

Symbol	Grade	Weight
SUI	C	1.03%
GLPI	C	0.89%
ELS	C	0.85%
JLL	D	0.84%
AMH	C	0.82%
WPC	C	0.8%
Z	A	0.79%
LAMR	C	0.75%
CUBE	C	0.72%
OHI	C	0.65%
REXR	F	0.61%
BRX	A	0.58%
EGP	D	0.56%
NNN	C	0.51%
ADC	A	0.51%
FR	D	0.47%
VNO	C	0.46%
STAG	D	0.45%
RHP	B	0.43%
TRNO	F	0.4%
COLD	D	0.4%
KRG	B	0.4%
EPRT	B	0.37%
SLG	B	0.34%
CUZ	B	0.32%
IRT	A	0.32%
PECO	A	0.31%
SBRA	C	0.29%
KRC	B	0.29%
CTRE	C	0.28%
RYN	D	0.28%
MAC	B	0.28%
SKT	A	0.26%
APLE	B	0.24%
EPR	C	0.23%
HIW	C	0.23%
NHI	D	0.23%
PK	C	0.22%
NSA	C	0.22%
PCH	F	0.22%
CDP	C	0.22%
BNL	D	0.21%
DEI	B	0.2%
UE	B	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	C	0.16%
ROIC	A	0.15%
IVT	A	0.15%
NMRK	C	0.15%
EQC	B	0.14%
SHO	D	0.13%
DRH	B	0.13%
JOE	F	0.12%
XHR	B	0.11%
GTY	A	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	F	0.09%
ALEX	B	0.09%
UMH	B	0.09%
AAT	B	0.09%
NTST	C	0.08%
KW	C	0.08%
DEA	D	0.08%
OPEN	F	0.07%
AIV	C	0.07%
NXRT	B	0.07%
CSR	B	0.07%
RDFN	D	0.07%
MMI	C	0.07%
EXPI	D	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	B	0.03%
DHC	F	0.03%
SVC	F	0.03%
CLDT	B	0.03%
PKST	F	0.03%
BFS	C	0.03%
HPP	F	0.03%
CHCT	C	0.03%
TRC	F	0.02%
RMR	F	0.02%
CBL	B	0.02%

FREL Underweight 0 Positions Relative to XLRE

	Symbol	Grade	Weight