FREIvsSBILETF Comparison
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Fidelity Real Estate Income ETF (FREI) belongs to the Multi-Asset: Other segment. Simplify Government Money Market ETF (SBIL) is part of the Money Market Bonds segment. FREI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, SBIL's top sector exposures are Government Agencies and Sovereign. FREI is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.15% for SBIL. Run a side-by-side ETF comparison of FREI and SBIL 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 SBIL 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 SBIL | -1.57%+0.29% | -1.07%+0.89% | n/a+2.56% | n/a+3.71% | n/an/a | n/an/a |
| Flows | FREI SBIL | +$22M-$265M | +$46M-$330M | -+$193M | -+$1.68B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREI SBIL | +3.93%+0.13% | n/a+0.12% | n/an/a | n/an/a |
| Max drawdown | FREI SBIL | -2.28%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FREI SBIL | 24dn/a | n/an/a | n/an/a | n/an/a |
Trading data
FREI | SBIL | |
Last sale 9/21/2026 at 1:30 PM | $24.52 | $100.26 |
| Previous close 09/18/2026 | $24.41 | $100.24 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
FREI | SBIL | |
|---|---|---|
| Last price | $24.52 | $100.26 |
| 1D performance | +0.45% | +0.02% |
| AuM | $47.51 M | $4.60 B |
| E/R | 0.59% | 0.15% |
Exposure
Countries
FREI
USA
71.67%
Other
28.33%
SBIL
USA
70.59%
Other
29.41%
Sectors
FREI
Finance
63.42%
Other
36.58%
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
Diversification
FREI
Total weight of top 15 holdings out of 15
21.69%
SBIL
Total weight of top 15 holdings out of 15
25.05%
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%
Annaly Capital Management, Inc.
0.55%
SBIL
Freddie Mac, FRN 22sep2027, USD
2.90%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.52%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.02%
FHLB, 0% 7aug2026, USD (365D)
2.01%
FHLB, 0% 21aug2026, USD (365D)
2.01%
FHLB, 0% 27aug2026, USD (365D)
2.01%
FHLB, 0% 3sep2026, USD (365D)
1.61%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.41%
FHLB, 0% 28aug2026, USD (365D)
1.41%
USA, Bills 0% 8oct2026, USD (182D)
1.40%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.27%
US313313F450
1.20%
US313589C353
1.13%
US313589B447
1.09%
FHLB, 0% 31jul2026, USD (365D)
1.06%
Frequently asked questions about FREI and SBIL
Which ETF is bigger: FREI or SBIL?
As of September 18, 2026, FREI holds $47.51 M in assets under management (AUM), while SBIL manages $4.60 B.
What sectors do the FREI and SBIL ETFs invest in?
FREI leans toward sectors like Finance. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the FREI ETF and SBIL ETF?
FREI top holdings include US31635A1051, American Tower Corp. and Welltower, Inc.. SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027).
Which ETF is more diversified: FREI or SBIL?
FREI holds 569 securities with 21.69% of its assets in the top 15. SBIL has 167 securities and a top 15 weight of 25.05%.
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