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 2 sector exposures are Finance and Technology. In contrast, SCHH's top sector exposures are Finance. FREL is more expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.07% for SCHH. FREL is up 6.82% year-to-date (YTD) with +$285M in YTD flows. SCHH performs better with 10.34% YTD performance, and +$1.36B 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 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL SCHH | -4.83%-4.54% | -2.01%-2.01% | +6.82%+10.34% | +4.22%+9.01% | +28.82%+31.65% | +6.27%+10.69% |
| Flows | FREL SCHH | +$21M+$67M | +$28M+$1.19B | +$285M+$1.36B | +$338M+$2.00B | +$311M+$3.80B | -$230M+$4.59B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL SCHH | +13.66%+13.51% | +13.71%+13.70% | +16.85%+16.71% | +18.95%+18.82% |
| Max drawdown | FREL SCHH | -8.08%-8.46% | -8.45%-8.46% | -17.46%-17.71% | -34.35%-33.31% |
| Max drawdown duration | FREL SCHH | 52d54d | 44d54d | 441d512d | 1621d1565d |
Trading data
FREL | SCHH | |
Last sale 9/18/2026 at 1:30 PM | $27.93 | $22.74 |
| Previous close 09/17/2026 | $28.43 | $22.97 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/18/2026 at 1:30 PM
Live
Closed
FREL | SCHH | |
|---|---|---|
| Last price | $27.93 | $22.74 |
| 1D performance | -1.76% | -1.00% |
| AuM | $1.41 B | $10.85 B |
| E/R | 0.084% | 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 | 121 | 118 |
| 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
99.48%
Other
0.52%
SCHH
USA
100%
Other
0%
Sectors
FREL
Finance
98.47%
Other
1.53%
SCHH
Finance
100%
Other
0%
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Diversification
FREL
Total weight of top 15 holdings out of 15
57.46%
SCHH
Total weight of top 15 holdings out of 15
60.18%
Top 15 holdings
Data as of July 31, 2026
FREL
Welltower, Inc.
9.25%
Prologis, Inc.
7.92%
Equinix, Inc.
5.21%
Simon Property Group, Inc.
4.74%
American Tower Corp.
3.98%
Digital Realty Trust, Inc.
3.96%
Realty Income Corp.
3.66%
Public Storage
3.42%
Ventas, Inc.
2.79%
CBRE Group, Inc.
2.70%
Iron Mountain, Inc.
2.30%
Crown Castle, Inc.
2.03%
Extra Space Storage, Inc.
2.01%
VICI Properties, Inc.
1.81%
AvalonBay Communities, Inc.
1.69%
SCHH
Welltower, Inc.
11.10%
Prologis, Inc.
8.70%
Simon Property Group, Inc.
4.77%
Digital Realty Trust, Inc.
4.57%
Realty Income Corp.
4.11%
Equinix, Inc.
4.08%
American Tower Corp.
3.84%
Public Storage
3.65%
Ventas, Inc.
3.27%
Iron Mountain, Inc.
2.53%
Crown Castle, Inc.
2.18%
Extra Space Storage, Inc.
2.11%
VICI Properties, Inc.
1.97%
AvalonBay Communities, Inc.
1.75%
Equity Residential
1.54%
Frequently asked questions about FREL and SCHH
How have the FREL and SCHH ETFs performed in 2026?
As of September 18, 2026, FREL is up 6.82% year-to-date (YTD), while SCHH has returned 10.34%. 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 +$285M in flows, compared to +$1.36B for SCHH.
Which ETF is more volatile: FREL or SCHH?
Over the past year, FREL had a volatility of 13.71%, while SCHH experienced 13.7%.
Which ETF is bigger: FREL or SCHH?
As of September 18, 2026, FREL holds $1.41 B in assets under management (AUM), while SCHH manages $10.85 B.
What sectors do the FREL and SCHH ETFs invest in?
FREL leans toward sectors like Finance. Meanwhile, SCHH focuses on Finance.
What are the top holdings of the FREL ETF and SCHH ETF?
FREL top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. SCHH holds in its top three: Welltower, Inc., Prologis, Inc. and Simon Property Group, Inc..
Which ETF is more diversified: FREL or SCHH?
FREL holds 122 securities with 57.46% of its assets in the top 15. SCHH has 118 securities and a top 15 weight of 60.18%.
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