# Portfolio overlap — FREL vs VGSIX

Comparing **Fidelity MSCI Real Estate Index ETF** (2026-04-30) and **VANGUARD REAL ESTATE INDEX FUND** (2026-01-31).

- Shared positions: 126
- Fidelity MSCI Real Estate Index ETF covered by VANGUARD REAL ESTATE INDEX FUND: 0.8305604852679088313450079440
- VANGUARD REAL ESTATE INDEX FUND covered by Fidelity MSCI Real Estate Index ETF: 0.8305604852679088313450079439

## Fidelity MSCI Real Estate Index ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.086035 | ✓ |
| PROLOGIS INC REIT | 0.081908 | ✓ |
| AMERICAN TOWER CORP | 0.052947 | ✓ |
| EQUINIX INC | 0.047259 | ✓ |
| DIGITAL REALTY TRUST INC | 0.043222 | ✓ |
| SIMON PROPERTY | 0.042809 | ✓ |
| REALTY INCOME CORP REIT | 0.037021 | ✓ |
| PUBLIC STORAGE | 0.030872 | ✓ |
| CBRE GROUP INC - CL A | 0.027483 | ✓ |
| VENTAS INC REIT | 0.025860 | ✓ |
| CROWN CASTLE INC | 0.025022 | ✓ |
| IRON MOUNTAIN INC | 0.024249 | ✓ |
| VICI PROPERTIES | 0.020362 | ✓ |
| EXTRA SPACE STORAGE INC | 0.019895 | ✓ |
| AVALONBAY COMMUNITIES INC REIT | 0.017087 | ✓ |
| SBA COMMUNICATIONS CORP | 0.015659 | ✓ |
| EQUITY RESIDENTIAL REIT | 0.014843 | ✓ |
| WEYERHAEUSER CO | 0.011789 | ✓ |
| INVITATION HOMES INC | 0.011174 | ✓ |
| ESSEX PROPERTY TRUST INC | 0.011149 | ✓ |
| SUN COMMUNITIES INC - REIT | 0.010578 | ✓ |
| WP CAREY INC | 0.010525 | ✓ |
| KIMCO REALTY CORPORATION | 0.010497 | ✓ |
| JONES LANG LASALLE INC | 0.009961 | ✓ |
| MID AMERICA APT CMNTY INC | 0.009916 | ✓ |
| HOST HOTELS & RE | 0.009820 | ✓ |
| COSTAR GROUP INC | 0.009535 | ✓ |
| REGENCY CENTERS CORP REIT | 0.009030 | ✓ |
| OMEGA HEALTHCARE INVESTORS INC | 0.008746 | ✓ |
| GAMING AND LEISURE PROPRTI INC | 0.008709 | ✓ |
| LAMAR ADVERTISING CO CL A | 0.007975 | ✓ |
| HEALTHPEAK PROPERTIES INC | 0.007555 | ✓ |
| UDR INC | 0.007463 | ✓ |
| EQUITY LIFESTYLE PPTYS INC | 0.007460 | ✓ |
| CAMDEN PROP TR | 0.007401 | ✓ |
| AMERICAN HOMES-A | 0.006890 | ✓ |
| EASTGROUP PROP | 0.006753 | ✓ |
| CUBESMART | 0.006007 | ✓ |
| BRIXMOR PROPERTY | 0.005969 | ✓ |
| BXP INC | 0.005737 | ✓ |
| CARETRUST REIT INC | 0.005726 | ✓ |
| FED REALTY INVS | 0.005724 | ✓ |
| AMERICAN HEALTHCARE REIT INC | 0.005678 | ✓ |
| AGREE REALTY CORP | 0.005550 | ✓ |
| FIRST INDUSTRIAL REALTY TRUST | 0.005435 | ✓ |
| NNN REIT INC | 0.005357 | ✓ |
| REXFORD INDUSTRIAL REALTY INC | 0.005249 | ✓ |
| ZILLOW GROUP INC CL C | 0.004689 | ✓ |
| HEALTHCARE REALTY TRUST INC | 0.004626 | ✓ |
| STAG INDUSTRIAL INC CL A | 0.004588 | ✓ |

## VANGUARD REAL ESTATE INDEX FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| VANG-RL ES2-INS+ | 0.145081 |  |
| WELLTOWER INC | 0.070724 | ✓ |
| PROLOGIS INC REIT | 0.068789 | ✓ |
| AMERICAN TOWER CORP | 0.047628 | ✓ |
| EQUINIX INC | 0.045580 | ✓ |
| SIMON PROPERTY | 0.035436 | ✓ |
| DIGITAL REALTY TRUST INC | 0.032110 | ✓ |
| REALTY INCOME CORP REIT | 0.031475 | ✓ |
| CBRE GROUP INC - CL A | 0.028755 | ✓ |
| PUBLIC STORAGE | 0.024744 | ✓ |
| CROWN CASTLE INC | 0.021448 | ✓ |
| VENTAS INC REIT | 0.020027 | ✓ |
| EXTRA SPACE STORAGE INC | 0.016615 | ✓ |
| VICI PROPERTIES | 0.015863 | ✓ |
| IRON MOUNTAIN INC | 0.015438 | ✓ |
| COSTAR GROUP INC | 0.014712 | ✓ |
| AVALONBAY COMMUNITIES INC REIT | 0.014352 | ✓ |
| EQUITY RESIDENTIAL REIT | 0.012828 | ✓ |
| SBA COMMUNICATIONS CORP | 0.011216 | ✓ |
| WEYERHAEUSER CO | 0.010553 | ✓ |
| JONES LANG LASALLE INC | 0.009621 | ✓ |
| ESSEX PROPERTY TRUST INC | 0.009203 | ✓ |
| SUN COMMUNITIES INC - REIT | 0.009048 | ✓ |
| MID AMERICA APT CMNTY INC | 0.008920 | ✓ |
| INVITATION HOMES INC | 0.008832 | ✓ |
| WP CAREY INC | 0.008666 | ✓ |
| KIMCO REALTY CORPORATION | 0.008099 | ✓ |
| OMEGA HEALTHCARE INVESTORS INC | 0.007344 | ✓ |
| HOST HOTELS & RE | 0.007228 | ✓ |
| GAMING AND LEISURE PROPRTI INC | 0.007185 | ✓ |
| REGENCY CENTERS CORP REIT | 0.007131 | ✓ |
| HEALTHPEAK PROPERTIES INC | 0.006797 | ✓ |
| UDR INC | 0.006635 | ✓ |
| CAMDEN PROP TR | 0.006611 | ✓ |
| EQUITY LIFESTYLE PPTYS INC | 0.006598 | ✓ |
| LAMAR ADVERTISING CO CL A | 0.006250 | ✓ |
| ZILLOW GROUP INC CL C | 0.005975 | ✓ |
| AMERICAN HOMES-A | 0.005922 | ✓ |
| EASTGROUP PROP | 0.005496 | ✓ |
| BXP INC | 0.005447 | ✓ |
| REXFORD INDUSTRIAL REALTY INC | 0.005441 | ✓ |
| ALEXANDRIA REAL ES EQ INC REIT | 0.004826 | ✓ |
| CUBESMART | 0.004776 | ✓ |
| CARETRUST REIT INC | 0.004730 | ✓ |
| FED REALTY INVS | 0.004704 | ✓ |
| BRIXMOR PROPERTY | 0.004653 | ✓ |
| AGREE REALTY CORP | 0.004535 | ✓ |
| COMPASS INC - A | 0.004528 | ✓ |
| AMERICAN HEALTHCARE REIT INC | 0.004486 | ✓ |
| NNN REIT INC | 0.004464 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-063884` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/945908/000141036826063884/0001410368-26-063884-index.htm>
- N-PORT (fund B) — accession `0000734383-26-000087` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/734383/000073438326000087/0000734383-26-000087-index.htm>

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