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FRELvsPSRETF Comparison

ETF 1

FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of

US Real Estate

-0.2%

Full FREL fund page

VS

ETF 2

PSR

Invesco Active U.S. Real Estate Fund ETF

This fund is part of

US Real Estate

-0.2%

Full PSR fund page

Fidelity MSCI Real Estate Index ETF (FREL) and Invesco Active U.S. Real Estate Fund ETF (PSR) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, PSR's top sector exposures are Real Estate FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.55% for PSR. FREL is up 9.68% year-to-date (YTD) with +$242M in YTD flows. PSR performs better with 12.35% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of FREL and PSR 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 PSR performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FREL PSR	+10.18%+9.12%	+6.87%+11.07%	+9.68%+12.35%	+12.91%+13.56%	+31.05%+27.46%	+17.09%+15.67%
Flows	FREL PSR	-$27M-	-$21M-	+$242M-$2M	+$289M-$12M	+$165M-$74M	+$78M-$49M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FREL PSR	+14.93%+15.16%	+13.53%+13.36%	+16.94%+16.74%	+18.92%+18.91%
Max drawdown	FREL PSR	-8.45%-9.11%	-8.45%-9.11%	-17.46%-16.57%	-34.35%-34.68%
Max drawdown duration	FREL PSR	44d45d	44d45d	441d141d	1579d1580d

Trading data

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	FREL	PSR
Last sale 5/1/2026 at 1:30 PM	$29.15	$101.54
Previous close 04/29/2026	$29.21	$101.77
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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PSR

is actively managed and doesn’t replicate an index

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	FREL	PSR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	FREL	PSR
Last price	$29.15	$101.54
1D performance	-0.21%	-0.23%
AuM	$1.43 B	$51.81 M
E/R	0.08%	0.55%

Characteristics

	FREL	PSR
Management strategy	Passive	Active
Provider	Fidelity	Invesco
Benchmark	MSCI USA IMI Real Estate 25/25 Index	-
N° of holdings	113	29
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 2, 2015	November 20, 2008
ESG	No	No

More FREL data on Trackinsight

More PSR data on Trackinsight

Exposure

Countries

FREL

USA

99.19%

Other

0.81%

PSR

USA

100%

Sectors

FREL

Real Estate

95.17%

Other

4.83%

PSR

Real Estate

96.54%

Other

3.46%

Diversification

FREL

Total weight of top 15 holdings out of 15

57.23%

PSR

Total weight of top 15 holdings out of 15

75.03%

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%

PSR

PROLOGIS REIT

9.26%

WELLTOWER INC

8.37%

AMERICAN TOWER CL A REIT

7.90%

DIGITAL REALTY REIT

7.49%

EQUINIX INC COMMON STOCK REIT

5.85%

CUBESMART REIT

4.92%

TANGER FACTORY REIT

4.28%

IRON MOUNTAIN

4.05%

OMEGA HEALTHCARE REIT

3.86%

GAMING AND LEISURE PROPERTIES

3.85%

AVALONBAY COMMUNITIES REIT

3.57%

CROWN CASTLE INTERNATIONAL

3.03%

BRIXMOR PROPERTY GROUP REIT

2.98%

CAMDEN PROPERTY REIT

2.85%

WP CAREY INC

2.76%

Frequently asked questions about FREL and PSR

How have the FREL and PSR ETFs performed in 2026?

As of April 30, 2026, FREL is up 9.68% year-to-date (YTD), while PSR has returned 12.35%. That puts PSR better performer ahead so far this year.

Which ETF is attracting more investor money: FREL or PSR?

Year-to-date, the FREL ETF saw +$242M in flows, compared to -$2M for PSR.

Which ETF is more volatile: FREL or PSR?

Over the past year, FREL had a volatility of 13.53%, while PSR experienced 13.36%.

Which ETF is bigger: FREL or PSR?

As of April 30, 2026, FREL holds $1.43 B in assets under management (AUM), while PSR manages $51.81 M.

What sectors do the FREL and PSR ETFs invest in?

FREL leans toward sectors like Real Estate. Meanwhile, PSR focuses on Real Estate.

What are the top holdings of the FREL ETF and PSR ETF?

FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. PSR holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.

FRELvsPSRETF Comparison

Fidelity MSCI Real Estate Index ETF

Invesco Active U.S. Real Estate Fund ETF

FREL vs PSR performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FREL and PSR ETFs performed in 2026?

As of April 30, 2026, FREL is up 9.68% year-to-date (YTD), while PSR has returned 12.35%. That puts PSR better performer ahead so far this year.

Which ETF is attracting more investor money: FREL or PSR?

Year-to-date, the FREL ETF saw +$242M in flows, compared to -$2M for PSR.

Which ETF is more volatile: FREL or PSR?

Over the past year, FREL had a volatility of 13.53%, while PSR experienced 13.36%.

Which ETF is bigger: FREL or PSR?

As of April 30, 2026, FREL holds $1.43 B in assets under management (AUM), while PSR manages $51.81 M.

What sectors do the FREL and PSR ETFs invest in?

FREL leans toward sectors like Real Estate. Meanwhile, PSR focuses on Real Estate.

What are the top holdings of the FREL ETF and PSR ETF?

FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. PSR holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: FREL or PSR?

FREL holds 127 securities with 57.23% of its assets in the top 15. PSR has 30 securities and a top 15 weight of 75.03%.

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