FRELvsBBREETF Comparison
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Fidelity MSCI Real Estate Index ETF (FREL) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, BBRE's top sector exposures are Real Estate FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.11% for BBRE. FREL is up 9.68% year-to-date (YTD) with +$242M in YTD flows. BBRE performs better with 13.08% YTD performance, and +$20M in YTD flows. Run a side-by-side ETF comparison of FREL and BBRE 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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FREL vs BBRE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL BBRE | +10.18%+8.15% | +6.87%+10.90% | +9.68%+13.08% | +12.91%+17.08% | +31.05%+38.16% | +17.09%+30.67% |
| Flows | FREL BBRE | -$27M-$3M | -$21M-$22M | +$242M+$20M | +$289M+$97M | +$165M+$149M | +$78M-$504M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL BBRE | +14.93%+14.81% | +13.53%+13.73% | +16.94%+17.07% | +18.92%+18.96% |
| Max drawdown | FREL BBRE | -8.45%-8.06% | -8.45%-8.06% | -17.46%-18.77% | -34.35%-31.17% |
| Max drawdown duration | FREL BBRE | 44d44d | 44d44d | 441d438d | 1579d1058d |
Trading data
FREL | BBRE | |
Last sale 5/1/2026 at 1:30 PM | $29.15 | $104.07 |
| Previous close 04/29/2026 | $29.21 | $104.21 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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FREL | BBRE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
FREL | BBRE | |
|---|---|---|
| Last price | $29.15 | $104.07 |
| 1D performance | -0.21% | -0.13% |
| AuM | $1.43 B | $1.12 B |
| E/R | 0.08% | 0.11% |
Characteristics
FREL | BBRE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | J.P. Morgan Asset Management |
| Benchmark | MSCI USA IMI Real Estate 25/25 Index | MSCI US Reit Custom Capped Index |
| N° of holdings | 113 | 96 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2015 | June 18, 2018 |
| ESG | No | No |
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Exposure
Countries
FREL
USA
99.19%
Other
0.81%
BBRE
USA
100.03%
Other
-0.03%
Sectors
FREL
Real Estate
95.17%
Other
4.83%
BBRE
Real Estate
97.94%
Other
2.06%
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Diversification
FREL
Total weight of top 15 holdings out of 15
57.23%
BBRE
Total weight of top 15 holdings out of 15
59.94%
Top 15 holdings
Data as of March 31, 2026
FREL
WELLTOWER INC
8.42%
PROLOGIS REIT
8.14%
AMERICAN TOWER CL A REIT
5.32%
EQUINIX INC COMMON STOCK REIT
4.80%
SIMON PROPERTY GROUP REIT
4.15%
DIGITAL REALTY REIT
4.09%
REALTY INCOME REIT
3.77%
PUBLIC STORAGE REIT
2.97%
CBRE GROUP
2.82%
VENTAS REIT
2.64%
CROWN CASTLE INTERNATIONAL
2.38%
IRON MOUNTAIN
2.09%
VICI PROPERTIES INC
2.02%
EXTRA SPACE STORAGE REIT
1.96%
AVALONBAY COMMUNITIES REIT
1.65%
BBRE
WELLTOWER INC
10.90%
PROLOGIS REIT
9.74%
EQUINIX INC COMMON STOCK REIT
4.69%
DIGITAL REALTY REIT
4.58%
REALTY INCOME REIT
4.41%
SIMON PROPERTY GROUP REIT
4.37%
PUBLIC STORAGE REIT
3.71%
VENTAS REIT
3.15%
IRON MOUNTAIN
2.61%
VICI PROPERTIES INC
2.46%
EXTRA SPACE STORAGE REIT
2.46%
AVALONBAY COMMUNITIES REIT
2.08%
EQUITY RESIDENTIAL REIT
1.86%
SUN COMMUNITIES REIT
1.47%
ESSEX PROPERTY REIT
1.45%
Frequently asked questions about FREL and BBRE
How have the FREL and BBRE ETFs performed in 2026?
As of April 30, 2026, FREL is up 9.68% year-to-date (YTD), while BBRE has returned 13.08%. That puts BBRE better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or BBRE?
Year-to-date, the FREL ETF saw +$242M in flows, compared to +$20M for BBRE.
Which ETF is more volatile: FREL or BBRE?
Over the past year, FREL had a volatility of 13.53%, while BBRE experienced 13.73%.
Which ETF is bigger: FREL or BBRE?
As of April 30, 2026, FREL holds $1.43 B in assets under management (AUM), while BBRE manages $1.12 B.
What sectors do the FREL and BBRE ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, BBRE focuses on Real Estate.
What are the top holdings of the FREL ETF and BBRE ETF?
FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. BBRE holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FREL or BBRE?
FREL holds 127 securities with 57.23% of its assets in the top 15. BBRE has 106 securities and a top 15 weight of 59.94%.
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Latest news about FREL & BBRE
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August 2, 2024
FREL
Real Estate Sector Declines on Fed Minutes
May 27, 2024
FREL
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
FREL
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