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FRELvsBBREETF Comparison

ETF 1
FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of
US Real Estate
-0.99%
Full FREL fund page
VS
ETF 2
BBRE

JPMorgan BetaBuilders MSCI US REIT ETF

This fund is part of
US Real Estate
-0.99%
Full BBRE fund page

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 5.65% year-to-date (YTD) with +$264M in YTD flows. BBRE performs better with 7.42% YTD performance, and +$9M 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

-1.00.01.02.03.0%Feb 10Feb 18Feb 25Mar 4Mar 11

Cumulative Flows

-40 M-20 M0 M20 M40 MFeb 10Feb 18Feb 25Mar 4Mar 11

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Historic performance and flows
Data as of 03/10/2026
1M3MYTD1Y3Y5Y
Perf.
FREL
BBRE
-0.36%-0.49%
+5.83%+7.58%
+5.65%+7.42%
+6.16%+9.04%
+30.55%+34.55%
+25.96%+35.47%
Flows
FREL
BBRE
+$35M-$41M
+$276M+$32M
+$264M+$9M
+$369M+$89M
+$43M+$169M
+$163M-$178M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FREL
BBRE
+11.75%+12.18%
+16.37%+16.99%
+17.19%+17.32%
+18.86%+18.91%
Max drawdown
FREL
BBRE
-3.47%-3.64%
-12.43%-13.12%
-17.46%-18.77%
-34.35%-31.17%
Max drawdown duration
FREL
BBRE
21d17d
79d110d
441d438d
1528d1058d
Trading data

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FREL
BBRE
Last sale
3/11/2026 at 1:30 PM
$28.11
$99.23
Previous close
03/11/2026
$28.42
$100.26
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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 3/11/2026 at 1:30 PM
Live
Closed
FREL
BBRE
Last price
$28.11
$99.23
1D performance
-1.09%
-1.03%
AuM$1.41 B$1.05 B
E/R0.08%0.11%
Characteristics
FREL
BBRE
Management strategyPassivePassive
ProviderFidelityJ.P. Morgan Asset Management
BenchmarkMSCI USA IMI Real Estate 25/25 IndexMSCI US Reit Custom Capped Index
N° of holdings11698
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateFebruary 2, 2015June 18, 2018
ESGNoNo
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Exposure

Countries

FREL
USA
99.48%
Other
0.52%
BBRE
USA
99.98%
Other
0.02%

Sectors

FREL
Real Estate
95.22%
Other
4.78%
BBRE
Real Estate
97.99%
Other
2.01%
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Diversification

FREL

Total weight of top 15 holdings out of 15

56.79%
BBRE

Total weight of top 15 holdings out of 15

59.11%

Top 15 holdings

Data as of January 31, 2026
FREL
PROLOGIS REIT
8.09%
WELLTOWER INC
7.79%
AMERICAN TOWER CL A REIT
5.69%
EQUINIX INC COMMON STOCK REIT
4.56%
SIMON PROPERTY GROUP REIT
4.14%
DIGITAL REALTY REIT
3.74%
REALTY INCOME REIT
3.64%
CBRE GROUP
3.50%
PUBLIC STORAGE REIT
2.99%
CROWN CASTLE INTERNATIONAL
2.56%
VENTAS REIT
2.20%
VICI PROPERTIES INC
2.04%
EXTRA SPACE STORAGE REIT
2.03%
COSTAR GROUP
1.92%
IRON MOUNTAIN
1.90%
BBRE
WELLTOWER INC
9.96%
PROLOGIS REIT
9.65%
REALTY INCOME REIT
4.57%
SIMON PROPERTY GROUP REIT
4.54%
EQUINIX INC COMMON STOCK REIT
4.50%
DIGITAL REALTY REIT
4.22%
PUBLIC STORAGE REIT
3.87%
VENTAS REIT
2.89%
EXTRA SPACE STORAGE REIT
2.66%
VICI PROPERTIES INC
2.61%
IRON MOUNTAIN
2.43%
AVALONBAY COMMUNITIES REIT
2.26%
EQUITY RESIDENTIAL REIT
1.97%
ESSEX PROPERTY REIT
1.51%
SUN COMMUNITIES REIT
1.48%
Frequently asked questions about FREL and BBRE

How have the FREL and BBRE ETFs performed in 2026?

As of March 10, 2026, FREL is up 5.65% year-to-date (YTD), while BBRE has returned 7.42%. 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 +$264M in flows, compared to +$9M for BBRE.

Which ETF is more volatile: FREL or BBRE?

Over the past year, FREL had a volatility of 16.37%, while BBRE experienced 16.99%.

Which ETF is bigger: FREL or BBRE?

As of March 10, 2026, FREL holds $1.41 B in assets under management (AUM), while BBRE manages $1.05 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 PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT. BBRE holds in its top three: WELLTOWER INC, PROLOGIS REIT and REALTY INCOME REIT.

Which ETF is more diversified: FREL or BBRE?

FREL holds 130 securities with 56.79% of its assets in the top 15. BBRE has 108 securities and a top 15 weight of 59.11%.

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