FRELvsSCHHETF Comparison
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Fidelity MSCI Real Estate Index ETF (FREL) and Schwab U.S. REIT ETF (SCHH) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, SCHH's top sector exposures are Real Estate FREL is more expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.07% for SCHH. FREL is up 7.91% year-to-date (YTD) with +$252M in YTD flows. SCHH performs better with 11.76% YTD performance, and +$103M in YTD flows. Run a side-by-side ETF comparison of FREL and SCHH 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 SCHH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL SCHH | +8.83%+9.59% | +5.64%+10.83% | +7.91%+11.76% | +12.16%+15.06% | +29.52%+30.64% | +16.37%+22.00% |
| Flows | FREL SCHH | -$16M-$33M | -$4M+$15M | +$252M+$103M | +$304M+$1.22B | +$175M+$2.68B | +$98M+$3.60B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL SCHH | +14.88%+14.98% | +13.43%+13.33% | +16.94%+16.80% | +18.91%+18.78% |
| Max drawdown | FREL SCHH | -8.45%-8.29% | -8.45%-8.29% | -17.46%-17.71% | -34.35%-33.31% |
| Max drawdown duration | FREL SCHH | 44d44d | 44d44d | 441d512d | 1576d1565d |
Trading data
FREL | SCHH | |
Last sale 4/29/2026 at 4:16 PM | $28.83 | $23.08 |
| Previous close 04/28/2026 | $29.02 | $23.21 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FREL | SCHH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/29/2026 at 4:16 PM
Live
Closed
FREL | SCHH | |
|---|---|---|
| Last price | $28.83 | $23.08 |
| 1D performance | -0.65% | -0.56% |
| AuM | $1.42 B | $9.84 B |
| E/R | 0.08% | 0.07% |
Characteristics
FREL | SCHH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Schwab ETFs |
| Benchmark | MSCI USA IMI Real Estate 25/25 Index | Dow Jones Equity All REIT Capped Index |
| N° of holdings | 113 | 105 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2015 | January 13, 2011 |
| ESG | No | No |
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Exposure
Countries
FREL
USA
99.19%
Other
0.81%
SCHH
USA
100%
Other
-0%
Sectors
FREL
Real Estate
95.17%
Other
4.83%
SCHH
Real Estate
97.24%
Other
2.76%
Diversification
FREL
Total weight of top 15 holdings out of 15
57.23%
SCHH
Total weight of top 15 holdings out of 15
60.45%
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%
SCHH
WELLTOWER INC
10.09%
PROLOGIS REIT
8.92%
EQUINIX INC COMMON STOCK REIT
4.84%
DIGITAL REALTY REIT
4.41%
SIMON PROPERTY GROUP REIT
4.36%
REALTY INCOME REIT
4.33%
AMERICAN TOWER CL A REIT
4.33%
PUBLIC STORAGE REIT
3.31%
VENTAS REIT
3.07%
CROWN CASTLE INTERNATIONAL
2.65%
IRON MOUNTAIN
2.31%
VICI PROPERTIES INC
2.27%
EXTRA SPACE STORAGE REIT
2.15%
AVALONBAY COMMUNITIES REIT
1.80%
EQUITY RESIDENTIAL REIT
1.60%
Frequently asked questions about FREL and SCHH
How have the FREL and SCHH ETFs performed in 2026?
As of April 27, 2026, FREL is up 7.91% year-to-date (YTD), while SCHH has returned 11.76%. That puts SCHH better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or SCHH?
Year-to-date, the FREL ETF saw +$252M in flows, compared to +$103M for SCHH.
Which ETF is more volatile: FREL or SCHH?
Over the past year, FREL had a volatility of 13.43%, while SCHH experienced 13.33%.
Which ETF is bigger: FREL or SCHH?
As of April 27, 2026, FREL holds $1.42 B in assets under management (AUM), while SCHH manages $9.84 B.
What sectors do the FREL and SCHH ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, SCHH focuses on Real Estate.
What are the top holdings of the FREL ETF and SCHH ETF?
FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. SCHH holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FREL or SCHH?
FREL holds 127 securities with 57.23% of its assets in the top 15. SCHH has 118 securities and a top 15 weight of 60.45%.
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