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FRELvsDFARETF Comparison
Fidelity MSCI Real Estate Index ETF (FREL) and Dimensional US Real Estate ETF (DFAR) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, DFAR's top sector exposures are Real Estate FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.2% for DFAR. FREL is up 5.65% year-to-date (YTD) with +$264M in YTD flows. DFAR performs better with 8.25% YTD performance, and +$71M in YTD flows. Run a side-by-side ETF comparison of FREL and DFAR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FREL vs DFAR performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL DFAR | -0.36%+1.27% | +5.83%+8.62% | +5.65%+8.25% | +6.16%+7.21% | +30.55%+31.06% | +25.96%n/a |
| Flows | FREL DFAR | +$35M+$12M | +$276M+$109M | +$264M+$71M | +$369M+$256M | +$43M+$874M | +$163M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL DFAR | +11.75%+12.06% | +16.37%+16.17% | +17.19%+17.43% | +18.86%n/a |
| Max drawdown | FREL DFAR | -3.47%-3.63% | -12.43%-12.27% | -17.46%-17.73% | -34.35%n/a |
| Max drawdown duration | FREL DFAR | 21d17d | 79d79d | 441d514d | 1528dn/a |
FREL | DFAR | |
Last sale 3/12/2026 at 1:30 PM | $27.92 | $24.42 |
| Previous close 03/11/2026 | $28.11 | $24.55 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FREL | DFAR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FREL | DFAR | |
|---|---|---|
| Last price | $27.92 | $24.42 |
| 1D performance | -0.68% | -0.53% |
| AuM | $1.41 B | $1.62 B |
| E/R | 0.08% | 0.2% |
FREL | DFAR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Fidelity | Dimensional |
| Benchmark | MSCI USA IMI Real Estate 25/25 Index | - |
| N° of holdings | 116 | 121 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2015 | February 23, 2022 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FREL and DFAR ETFs performed in 2026?
As of March 10, 2026, FREL is up 5.65% year-to-date (YTD), while DFAR has returned 8.25%. That puts DFAR better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or DFAR?
Year-to-date, the FREL ETF saw +$264M in flows, compared to +$71M for DFAR.
Which ETF is more volatile: FREL or DFAR?
Over the past year, FREL had a volatility of 16.37%, while DFAR experienced 16.17%.
Which ETF is bigger: FREL or DFAR?
As of March 10, 2026, FREL holds $1.41 B in assets under management (AUM), while DFAR manages $1.62 B.
What sectors do the FREL and DFAR ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, DFAR focuses on Real Estate.
What are the top holdings of the FREL ETF and DFAR ETF?
FREL top holdings include PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT. DFAR holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: FREL or DFAR?
FREL holds 130 securities with 56.79% of its assets in the top 15. DFAR has 121 securities and a top 15 weight of 58.83%.
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