FREIvsCWBETF Comparison
VS
ETF 2
CWB
State Street SPDR Bloomberg Convertible Securities ETF
This fund is part of
Convertible Bonds
-3.14%
Fidelity Real Estate Income ETF (FREI) belongs to the Multi-Asset: Other segment. State Street SPDR Bloomberg Convertible Securities ETF (CWB) is part of the Convertible Bonds segment. FREI's top 3 sector exposures are Finance, Industrials and Consumer Services. In contrast, CWB's top sector exposures are Technology, Finance and Utilities. FREI is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.4% for CWB. Run a side-by-side ETF comparison of FREI and CWB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FREI vs CWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREI CWB | +2.59%-10.80% | -1.24%-12.52% | n/a+3.30% | n/a-0.25% | n/a+45.46% | n/a+13.05% |
| Flows | FREI CWB | +$4M+$148M | +$26M+$108M | -+$536M | -+$518M | -+$653M | --$1.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREI CWB | +5.15%+16.22% | n/a+17.55% | n/a+12.93% | n/a+12.94% |
| Max drawdown | FREI CWB | -4.07%-14.50% | n/a-17.31% | n/a-17.31% | n/a-27.85% |
| Max drawdown duration | FREI CWB | 72d81d | n/a137d | n/a137d | n/a1327d |
Trading data
FREI | CWB | |
Last sale 11/5/2026 at 2:30 PM | $24.35 | $90.73 |
| Previous close 11/04/2026 | $24.43 | $93.67 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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FREI
is actively managed and doesn’t replicate an indexFREI | CWB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
FREI | CWB | |
|---|---|---|
| Last price | $24.35 | $90.73 |
| 1D performance | -0.33% | -3.14% |
| AuM | $50.96 M | $5.10 B |
| E/R | 0.59% | 0.4% |
Characteristics
FREI | CWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Convertible Liquid Bond Index |
| N° of holdings | 308 | 308 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 17, 2026 | April 14, 2009 |
| ESG | No | No |
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Exposure
Countries
FREI
USA
72.31%
Other
27.69%
CWB
USA
74.8%
Other
25.2%
Sectors
FREI
Finance
63.76%
Other
36.24%
CWB
Technology
32.39%
Finance
11.85%
Utilities
8.41%
Industrials
7.86%
Healthcare
7.8%
Other
31.69%
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Diversification
FREI
Total weight of top 15 holdings out of 15
17.28%
CWB
Total weight of top 15 holdings out of 15
19.81%
Top 15 holdings
Data as of September 30, 2026
FREI
US31635A1051
3.03%
American Tower Corp.
1.84%
Welltower, Inc.
1.59%
Equinix, Inc.
1.52%
Prologis, Inc.
1.41%
Invitation Homes, Inc.
1.17%
Equity LifeStyle Properties, Inc.
1.13%
Equity Residential
1.02%
UDR, Inc.
0.76%
Ventas, Inc.
0.73%
VICI Properties, Inc.
0.68%
Digital Realty Trust, Inc.
0.60%
Simon Property Group L.P., 5.85% 8mar2053, USD
0.60%
ProLogis LP, 4.9% 15jun2036, USD
0.60%
Essex Portfolio, 4.875% 15feb2036, USD
0.60%
CWB
Alphabet, Inc.
2.30%
Alphabet, Inc.
2.30%
The Boeing Co.
1.64%
US55024UAK51
1.61%
Alibaba, 0.5% 1jun2031, USD (Conv.)
1.54%
Super Micro Computer, Inc.
1.27%
Hewlett Packard Enterprise Co.
1.20%
US21873SAL25
1.10%
Oracle Corp.
1.06%
Wells Fargo & Co.
1.04%
Bloom Energy, 0% 15nov2030, USD (Conv.)
1.02%
Western Digital, 3% 15nov2028, USD (Conv.)
0.98%
Nebius, 1.25% 15mar2031, USD (Conv.)
0.94%
CoreWeave, 1.75% 1oct2032, USD (Conv.)
0.92%
Bank of America Corp.
0.90%
Frequently asked questions about FREI and CWB
Which ETF is bigger: FREI or CWB?
As of November 5, 2026, FREI holds $50.96 M in assets under management (AUM), while CWB manages $5.10 B.
What sectors do the FREI and CWB ETFs invest in?
FREI leans toward sectors like Finance. Meanwhile, CWB focuses on Technology, Finance and Utilities.
What are the top holdings of the FREI ETF and CWB ETF?
FREI top holdings include US31635A1051, American Tower Corp. and Welltower, Inc.. CWB holds in its top three: Alphabet, Inc., Alphabet, Inc. and The Boeing Co..
Which ETF is more diversified: FREI or CWB?
FREI holds 586 securities with 17.28% of its assets in the top 15. CWB has 361 securities and a top 15 weight of 19.81%.
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