New

Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →

Advertisement
ETF Central logo
Advertisement

FRELvsRWRETF Comparison

ETF 1
FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of
US Real Estate
-0.09%
Full FREL fund page
VS
ETF 2
RWR

SPDR Dow Jones REIT ETF

This fund is part of
US Real Estate
-0.09%
Full RWR fund page

Fidelity MSCI Real Estate Index ETF (FREL) and SPDR Dow Jones REIT ETF (RWR) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, RWR's top sector exposures are Real Estate  FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.25% for RWR. FREL is up 5.82% year-to-date (YTD) with +$226M in YTD flows. RWR performs better with 8.08% YTD performance, and -$127M in YTD flows. Run a side-by-side ETF comparison of FREL and RWR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios.  Discover our library of Model portfolios

FREL vs RWR performance and flow charts

Performance

0.01.02.03.04.0%Feb 9Feb 17Feb 24Mar 3Mar 10

Cumulative Flows

-40 M-20 M0 M20 M40 MFeb 9Feb 17Feb 24Mar 3Mar 10

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

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

Historic performance and flows
Data as of 03/09/2026
1M3MYTD1Y3Y5Y
Perf.
FREL
RWR
+1.12%+0.50%
+6.38%+8.43%
+5.82%+8.08%
+6.33%+9.79%
+26.40%+37.95%
+27.50%+35.98%
Flows
FREL
RWR
-$3M+$3M
+$239M-$100M
+$226M-$127M
+$331M-$211M
-$213K-$26M
+$126M+$124M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FREL
RWR
+11.75%+11.99%
+16.41%+17.06%
+17.30%+17.44%
+18.87%+19.08%
Max drawdown
FREL
RWR
-3.47%-3.67%
-12.43%-13.39%
-17.46%-18.77%
-34.35%-32.62%
Max drawdown duration
FREL
RWR
21d17d
79d133d
441d434d
1527d1499d
Trading data

Create an account to view trading data

Join for free
FREL
RWR
Last sale
3/11/2026 at 1:30 PM
$28.11
$105.10
Previous close
03/10/2026
$28.42
$106.18
Consolidated volume
03/10/2026
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

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free
FREL
RWR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
FREL
RWR
Last price
$28.11
$105.10
1D performance
-1.09%
-1.02%
AuM$1.38 B$1.71 B
E/R0.08%0.25%
Characteristics
FREL
RWR
Management strategyPassivePassive
ProviderFidelitySPDR
BenchmarkMSCI USA IMI Real Estate 25/25 IndexDow Jones U.S. Select REIT Capped Index
N° of holdings11690
Asset classEquities-
Trailing 12m distribution yield
Join
Join
Inception dateFebruary 2, 2015April 23, 2001
ESGNoNo
Advertisement
Exposure

Countries

FREL
USA
99.48%
Other
0.52%
RWR
USA
98.61%
Other
1.39%

Sectors

FREL
Real Estate
95.22%
Other
4.78%
RWR
Real Estate
96.09%
Other
3.91%

Diversification

FREL

Total weight of top 15 holdings out of 15

56.79%
RWR

Total weight of top 15 holdings out of 15

60.3%

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%
RWR
PROLOGIS REIT
9.72%
WELLTOWER INC
9.52%
EQUINIX INC COMMON STOCK REIT
4.86%
REALTY INCOME REIT
4.69%
SIMON PROPERTY GROUP REIT
4.58%
DIGITAL REALTY REIT
4.52%
PUBLIC STORAGE REIT
4.47%
VENTAS REIT
3.74%
EXTRA SPACE STORAGE REIT
3.00%
AVALONBAY COMMUNITIES REIT
2.58%
EQUITY RESIDENTIAL REIT
2.21%
ESSEX PROPERTY REIT
1.66%
MID AMERICA APARTMENT COMMUNITI REIT
1.61%
WP CAREY INC
1.57%
INVITATION HOMES INC
1.55%
Frequently asked questions about FREL and RWR

How have the FREL and RWR ETFs performed in 2026?

As of March 9, 2026, FREL is up 5.82% year-to-date (YTD), while RWR has returned 8.08%. That puts RWR better performer ahead so far this year.

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

Year-to-date, the FREL ETF saw +$226M in flows, compared to -$127M for RWR.

Which ETF is more volatile: FREL or RWR?

Over the past year, FREL had a volatility of 16.41%, while RWR experienced 17.06%.

Which ETF is bigger: FREL or RWR?

As of March 9, 2026, FREL holds $1.38 B in assets under management (AUM), while RWR manages $1.71 B.

What sectors do the FREL and RWR ETFs invest in?

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

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

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

Which ETF is more diversified: FREL or RWR?

FREL holds 130 securities with 56.79% of its assets in the top 15. RWR has 99 securities and a top 15 weight of 60.3%.

Advertisement
Webcast on Demand

Calamos Investments Powers the Next Phase of the Autocallable Revolution

Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.

Accepted for 1 CE Credit

Calamos Webcast
Sign up for our weekly newsletter
The latest news from The Home of ETFs, delivered straight to your inbox.