FREIvsUSAFETF Comparison
VS
Fidelity Real Estate Income ETF (FREI) and Atlas America Fund (USAF) belong to the same industry segment: Multi-Asset: Other. FREI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, USAF's top sector exposures are Sovereign, Finance and Industrials. FREI is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.89% for USAF. Run a side-by-side ETF comparison of FREI and USAF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FREI vs USAF 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 USAF | -1.57%-0.71% | -1.07%+3.18% | n/a+4.37% | n/a+6.39% | n/an/a | n/an/a |
| Flows | FREI USAF | +$22M-$561K | +$46M-$1M | --$1M | --$1M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREI USAF | +3.93%+4.40% | n/a+6.04% | n/an/a | n/an/a |
| Max drawdown | FREI USAF | -2.28%-1.84% | n/a-4.43% | n/an/a | n/an/a |
| Max drawdown duration | FREI USAF | 24d22d | n/a197d | n/an/a | n/an/a |
Trading data
FREI | USAF | |
Last sale 9/18/2026 at 1:30 PM | $24.41 | $28.04 |
| Previous close 09/17/2026 | $24.57 | $28.11 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FREI | USAF | |
|---|---|---|
| Last price | $24.41 | $28.04 |
| 1D performance | -0.65% | -0.25% |
| AuM | $47.51 M | $16.55 M |
| E/R | 0.59% | 0.89% |
Characteristics
FREI | USAF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | Foreside Management Services |
| Benchmark | - | - |
| N° of holdings | 303 | 253 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 17, 2026 | November 20, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
FREI
USA
71.67%
Other
28.33%
USAF
USA
56.21%
Other
43.79%
Sectors
FREI
Finance
63.42%
Other
36.58%
USAF
Sovereign
39.84%
Finance
13.32%
Other
46.84%
Advertisement
Diversification
FREI
Total weight of top 15 holdings out of 15
21.69%
USAF
Total weight of top 15 holdings out of 15
46.06%
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%
USAF
US46090F3082
9.37%
US98149E3036
7.79%
US46436F1030
7.57%
US82889N5665
3.64%
US74347B2016
3.23%
US37954Y3844
2.52%
US37960A5294
2.34%
US9220408457
1.94%
Digital Realty Trust, Inc.
1.44%
Equinix, Inc.
1.34%
Realty Income Corp.
1.34%
American Tower Corp.
1.28%
Crown Castle, Inc.
0.87%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.70%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.69%
Frequently asked questions about FREI and USAF
Which ETF is bigger: FREI or USAF?
As of September 18, 2026, FREI holds $47.51 M in assets under management (AUM), while USAF manages $16.55 M.
What sectors do the FREI and USAF ETFs invest in?
FREI leans toward sectors like Finance. Meanwhile, USAF focuses on Sovereign and Finance.
What are the top holdings of the FREI ETF and USAF ETF?
FREI top holdings include US31635A1051, American Tower Corp. and Welltower, Inc.. USAF holds in its top three: US46090F3082, US98149E3036 and US46436F1030.
Which ETF is more diversified: FREI or USAF?
FREI holds 569 securities with 21.69% of its assets in the top 15. USAF has 262 securities and a top 15 weight of 46.06%.
Advertisement
Advertisement
