FREL Fidelity MSCI Real Estate Index ETF vs SPY
Growth of hypothetical $10,000 FREL vs SPY. No dividend reinvesting, no rebalancing. The time period was constrained by the available data for Fidelity MSCI Real Estate ETF (FREL) Mar 2015 - Dec 2020. The FREL ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate 25/25 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. Using a representative sampling indexing strategy to manage the fund. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment character...