SPHD vs. FREL ETF Comparison

Comparison of PowerShares S&P 500 High Dividend Portfolio (SPHD) to Fidelity MSCI Real Estate Index ETF (FREL)

SPHD

PowerShares S&P 500 High Dividend Portfolio

SPHD Description

The PowerShares S&P 500® High Dividend Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the “Underlying Index”). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Standard & Poor’s® compiles, maintains and calculates the Underlying Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July

Grade (RS Rating)

Last Trade

$51.14

Average Daily Volume

656,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	SPHD	FREL
30 Days	1.23%	-0.24%
60 Days	2.34%	-1.75%
90 Days	5.44%	2.47%
12 Months	33.65%	26.25%

6 Overlapping Holdings

Symbol	Grade	Weight in SPHD	Weight in FREL	Overlap
CCI	D	2.52%	2.99%	2.52%
FRT	B	1.84%	0.56%	0.56%
HST	C	1.82%	0.82%	0.82%
O	D	2.14%	3.23%	2.14%
SPG	B	2.46%	3.89%	2.46%
VICI	C	2.42%	2.18%	2.18%

SPHD Overweight 44 Positions Relative to FREL

Symbol	Grade	Weight
MO	A	3.1%
BMY	B	2.97%
KMI	A	2.93%
T	A	2.72%
VZ	C	2.68%
OKE	A	2.52%
D	C	2.38%
PM	B	2.32%
WMB	A	2.28%
KVUE	A	2.26%
K	A	2.26%
GILD	C	2.24%
ETR	B	2.21%
EVRG	A	2.18%
PFE	D	2.13%
AMCR	D	2.06%
PNW	B	2.02%
VTRS	A	2.01%
UPS	C	1.98%
KHC	F	1.94%
WEC	A	1.93%
ES	D	1.9%
LYB	F	1.88%
EIX	B	1.84%
CAG	D	1.84%
EXC	C	1.8%
DOW	F	1.8%
PRU	A	1.78%
IBM	C	1.77%
FE	C	1.75%
IPG	D	1.75%
DRI	B	1.69%
CSCO	B	1.68%
DUK	C	1.68%
CVX	A	1.65%
MDT	D	1.55%
GIS	D	1.49%
SJM	D	1.48%
OMC	C	1.43%
HRL	D	1.42%
XOM	B	1.39%
EMN	D	1.38%
ABBV	D	1.37%
JNJ	D	1.3%

SPHD Underweight 134 Positions Relative to FREL

Symbol	Grade	Weight
PLD	D	-7.1%
AMT	D	-6.08%
EQIX	A	-5.7%
WELL	A	-5.08%
DLR	B	-3.77%
PSA	D	-3.51%
CBRE	B	-2.71%
EXR	D	-2.32%
IRM	D	-2.22%
AVB	B	-2.16%
CSGP	D	-2.05%
VTR	C	-1.72%
EQR	B	-1.66%
SBAC	D	-1.58%
WY	D	-1.5%
INVH	D	-1.37%
ESS	B	-1.3%
MAA	B	-1.23%
ARE	D	-1.14%
KIM	A	-1.12%
SUI	D	-1.03%
DOC	D	-1.01%
UDR	B	-0.93%
GLPI	C	-0.89%
CPT	B	-0.86%
REG	B	-0.86%
ELS	C	-0.85%
JLL	D	-0.84%
AMH	D	-0.82%
WPC	D	-0.8%
Z	A	-0.79%
BXP	D	-0.79%
LAMR	D	-0.75%
CUBE	D	-0.72%
OHI	C	-0.65%
REXR	F	-0.61%
BRX	A	-0.58%
EGP	F	-0.56%
NNN	D	-0.51%
ADC	B	-0.51%
FR	C	-0.47%
VNO	B	-0.46%
STAG	F	-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	C	-0.29%
CTRE	D	-0.28%
RYN	D	-0.28%
MAC	B	-0.28%
SKT	B	-0.26%
APLE	B	-0.24%
EPR	D	-0.23%
HIW	D	-0.23%
NHI	D	-0.23%
PK	B	-0.22%
NSA	D	-0.22%
PCH	D	-0.22%
CDP	C	-0.22%
BNL	D	-0.21%
DEI	B	-0.2%
UE	C	-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	B	-0.16%
ROIC	A	-0.15%
IVT	B	-0.15%
NMRK	B	-0.15%
EQC	B	-0.14%
SHO	C	-0.13%
DRH	B	-0.13%
JOE	F	-0.12%
XHR	B	-0.11%
GTY	B	-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	D	-0.09%
ALEX	C	-0.09%
UMH	C	-0.09%
AAT	B	-0.09%
NTST	D	-0.08%
KW	B	-0.08%
DEA	D	-0.08%
OPEN	D	-0.07%
AIV	C	-0.07%
NXRT	B	-0.07%
CSR	B	-0.07%
RDFN	D	-0.07%
MMI	B	-0.07%
EXPI	C	-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	A	-0.03%
DHC	F	-0.03%
SVC	F	-0.03%
CLDT	B	-0.03%
PKST	D	-0.03%
BFS	C	-0.03%
HPP	F	-0.03%
CHCT	C	-0.03%
TRC	F	-0.02%
RMR	F	-0.02%
CBL	A	-0.02%