PPTY vs. FPRO ETF Comparison

Comparison of PPTY U.S. Diversified Real Estate ETF (PPTY) to Fidelity Real Estate Investment ETF (FPRO)

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$29.06

Average Daily Volume

8,574

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.77

Average Daily Volume

1,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPTY	FPRO
30 Days	-0.31%	-3.59%
60 Days	-2.59%	-7.42%
90 Days	0.22%	-5.03%
12 Months	9.55%	-1.85%

31 Overlapping Holdings

Symbol	Grade	Weight in PPTY	Weight in FPRO	Overlap
AIRC	A	1.14%	1.7%	1.14%
AMH	D	2.71%	1.99%	1.99%
COLD	F	1.63%	1.33%	1.33%
CUBE	D	0.29%	3.44%	0.29%
DBRG	F	0.81%	0.67%	0.67%
DLR	B	2.91%	3.41%	2.91%
DRH	D	0.23%	1.45%	0.23%
ELS	D	0.7%	0.51%	0.51%
EQIX	F	3.51%	7.07%	3.51%
EQR	A	3.14%	2.45%	2.45%
EXR	C	0.57%	1.39%	0.57%
FCPT	C	3.3%	0.74%	0.74%
INVH	B	0.97%	1.39%	0.97%
KIM	C	1.27%	3.5%	1.27%
MAA	B	2.11%	2.92%	2.11%
NNN	A	0.1%	3.39%	0.1%
O	B	0.1%	1.06%	0.1%
PECO	D	0.78%	1.22%	0.78%
PLD	D	3.37%	11.77%	3.37%
PSA	D	0.79%	5.07%	0.79%
REG	F	1.79%	1.69%	1.69%
RHP	D	0.52%	0.71%	0.52%
SITC	C	0.62%	1.07%	0.62%
SKT	D	1.19%	0.46%	0.46%
STAG	D	1.48%	0.64%	0.64%
SUI	F	0.98%	3.2%	0.98%
TRNO	D	2.35%	0.8%	0.8%
UDR	B	2.12%	2.98%	2.12%
UE	B	0.1%	1.2%	0.1%
VTR	B	1.2%	5.75%	1.2%
WELL	A	2.43%	2.58%	2.43%

PPTY Overweight 60 Positions Relative to FPRO

Symbol	Grade	Weight
AVB	A	4.09%
SPG	D	2.96%
DEA	C	2.87%
KRC	D	2.31%
ARE	D	2.18%
MAR	D	2.18%
ESS	A	2.04%
HIW	A	1.87%
HLT	D	1.71%
FRT	B	1.66%
BXP	F	1.63%
AAT	B	1.55%
CPT	A	1.48%
IIPR	A	1.39%
CUZ	A	1.35%
ESRT	D	1.29%
DOC	A	1.26%
WPC	C	1.25%
CSR	A	1.19%
EGP	F	1.12%
AHH	C	1.02%
KRG	C	1.0%
LXP	D	0.94%
SLG	B	0.85%
GTY	C	0.85%
H	C	0.79%
EQC	D	0.78%
HST	D	0.68%
OHI	A	0.62%
ADC	B	0.56%
FR	D	0.55%
NTST	C	0.54%
WH	D	0.48%
CHH	D	0.47%
NHI	A	0.46%
CTRE	B	0.42%
APLE	F	0.39%
SHO	D	0.36%
DEI	B	0.33%
CHCT	F	0.31%
LTC	A	0.31%
NHC	D	0.3%
SBRA	B	0.29%
UMH	C	0.28%
JBGS	F	0.28%
BRX	C	0.26%
NSA	D	0.22%
IVT	B	0.19%
ALEX	C	0.17%
REXR	D	0.13%
IRT	B	0.11%
EPRT	A	0.11%
AIV	B	0.11%
BNL	C	0.1%
AKR	B	0.1%
ROIC	D	0.09%
BFS	F	0.09%
VNO	D	0.09%
PLYM	F	0.09%
GMRE	D	0.08%

PPTY Underweight 8 Positions Relative to FPRO

Symbol	Grade	Weight
SBAC	F	-5.27%
CCI	D	-4.99%
CBRE	D	-3.55%
IRM	D	-2.19%
AMT	D	-1.58%
LAMR	B	-1.34%
WY	D	-1.33%
GLPI	F	-0.5%