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FRELvsFRIETF Comparison
Fidelity MSCI Real Estate Index ETF (FREL) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, FRI's top sector exposures are Real Estate FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.49% for FRI. FREL is up 5.65% year-to-date (YTD) with +$264M in YTD flows. FRI performs better with 7.69% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of FREL and FRI 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 FRI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL FRI | -0.36%-0.14% | +5.83%+7.82% | +5.65%+7.69% | +6.16%+10.38% | +30.55%+35.01% | +25.96%+35.14% |
| Flows | FREL FRI | +$35M-$1M | +$276M+$3M | +$264M+$3M | +$369M-$4M | +$43M+$16M | +$163M+$87M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL FRI | +11.75%+11.49% | +16.37%+16.69% | +17.19%+17.26% | +18.86%+18.94% |
| Max drawdown | FREL FRI | -3.47%-3.36% | -12.43%-13.04% | -17.46%-18.74% | -34.35%-31.41% |
| Max drawdown duration | FREL FRI | 21d17d | 79d68d | 441d434d | 1528d1496d |
FREL | FRI | |
Last sale 3/12/2026 at 5:59 PM | $28.08 | $29.39 |
| Previous close 03/11/2026 | $28.11 | $29.40 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
FREL | FRI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FREL | FRI | |
|---|---|---|
| Last price | $28.08 | $29.39 |
| 1D performance | -0.11% | -0.04% |
| AuM | $1.41 B | $163.28 M |
| E/R | 0.08% | 0.49% |
FREL | FRI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | First Trust |
| Benchmark | MSCI USA IMI Real Estate 25/25 Index | S&P United States REIT Index |
| N° of holdings | 116 | 115 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2015 | May 8, 2007 |
| 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 FRI ETFs performed in 2026?
As of March 10, 2026, FREL is up 5.65% year-to-date (YTD), while FRI has returned 7.69%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or FRI?
Year-to-date, the FREL ETF saw +$264M in flows, compared to +$3M for FRI.
Which ETF is more volatile: FREL or FRI?
Over the past year, FREL had a volatility of 16.37%, while FRI experienced 16.69%.
Which ETF is bigger: FREL or FRI?
As of March 10, 2026, FREL holds $1.41 B in assets under management (AUM), while FRI manages $163.28 M.
What sectors do the FREL and FRI ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, FRI focuses on Real Estate.
What are the top holdings of the FREL ETF and FRI ETF?
FREL top holdings include PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT. FRI holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FREL or FRI?
FREL holds 130 securities with 56.79% of its assets in the top 15. FRI has 130 securities and a top 15 weight of 58.47%.
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