FREIvsPVEXETF Comparison
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Fidelity Real Estate Income ETF (FREI) belongs to the Multi-Asset: Other segment. TrueShares ConVex Protect ETF (PVEX) is part of the Options Strategies segment. FREI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, PVEX's top sector exposures are Finance, Sovereign and Industrials. FREI is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.82% for PVEX. Run a side-by-side ETF comparison of FREI and PVEX 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 PVEX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREI PVEX | -1.57%-1.77% | -1.07%+0.06% | n/a+8.43% | n/a+11.19% | n/an/a | n/an/a |
| Flows | FREI PVEX | +$22M-$310K | +$46M-$1M | -+$7M | -+$51M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREI PVEX | +3.93%+13.96% | n/a+13.08% | n/an/a | n/an/a |
| Max drawdown | FREI PVEX | -2.28%-5.08% | n/a-7.54% | n/an/a | n/an/a |
| Max drawdown duration | FREI PVEX | 24d36d | n/a170d | n/an/a | n/an/a |
Trading data
FREI | PVEX | |
Last sale 9/18/2026 at 1:30 PM | $24.41 | $30.69 |
| Previous close 09/17/2026 | $24.57 | $30.68 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FREI | PVEX | |
|---|---|---|
| Last price | $24.41 | $30.69 |
| 1D performance | -0.65% | +0.03% |
| AuM | $47.51 M | $57.15 M |
| E/R | 0.59% | 0.82% |
Characteristics
FREI | PVEX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | TrueShares |
| Benchmark | - | - |
| N° of holdings | 303 | 1687 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 17, 2026 | June 27, 2025 |
| ESG | No | No |
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Exposure
Countries
FREI
USA
71.67%
Other
28.33%
PVEX
USA
68.61%
Mauritius
8.6%
Other
22.79%
Sectors
FREI
Finance
63.42%
Other
36.58%
PVEX
Finance
39.92%
Sovereign
31.58%
Other
28.5%
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Diversification
FREI
Total weight of top 15 holdings out of 15
21.69%
PVEX
Total weight of top 15 holdings out of 15
57.56%
Top 15 holdings
Data as of July 31, 2026
FREI
US31635A1051
7.34%
American Tower Corp.
1.82%
Welltower, Inc.
1.63%
Prologis, Inc.
1.52%
Equinix, Inc.
1.51%
Invitation Homes, Inc.
1.29%
Equity LifeStyle Properties, Inc.
1.22%
UDR, Inc.
0.86%
Ventas, Inc.
0.81%
VICI Properties, Inc.
0.76%
Digital Realty Trust, Inc.
0.63%
Simon Property Group L.P., 5.85% 8mar2053, USD
0.61%
Equity Residential
0.58%
Crown Castle, 5.8% 1mar2034, USD
0.56%
Sun Communities, Inc.
0.55%
PVEX
Shreya Acquisition Group
8.60%
USA, Bills 0% 3sep2026, USD (364D)
8.01%
USA, Bills 0% 27nov2026, USD (364D)
7.94%
USA, Bills 0% 18mar2027, USD (364D)
7.85%
USA, Bills 0% 10jun2027, USD (364D)
7.77%
Roman DBDR Acquisition Corp. II
6.46%
APEX Tech Acquisition Inc.
3.49%
QuasarEdge Acquisition Corp.
1.71%
XFLH Capital Corp.
1.20%
Fifth Era Acquisition Corp. I
0.88%
K2 Capital Acquisition Corp.
0.85%
ITHAX Acquisition Corp. III
0.84%
RF Acquisition Corp. III
0.84%
Lake Superior Acquisition Corp.
0.67%
SPACSphere Acquisition Corp.
0.45%
Frequently asked questions about FREI and PVEX
Which ETF is bigger: FREI or PVEX?
As of September 18, 2026, FREI holds $47.51 M in assets under management (AUM), while PVEX manages $57.15 M.
What sectors do the FREI and PVEX ETFs invest in?
FREI leans toward sectors like Finance. Meanwhile, PVEX focuses on Finance and Sovereign.
What are the top holdings of the FREI ETF and PVEX ETF?
FREI top holdings include US31635A1051, American Tower Corp. and Welltower, Inc.. PVEX holds in its top three: Shreya Acquisition Group, USA, Bills 0% 3sep2026, USD (364D) and USA, Bills 0% 27nov2026, USD (364D).
Which ETF is more diversified: FREI or PVEX?
FREI holds 569 securities with 21.69% of its assets in the top 15. PVEX has 2232 securities and a top 15 weight of 57.56%.
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