FRELvsUSRTETF Comparison
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Fidelity MSCI Real Estate Index ETF (FREL) and iShares Core U.S. REIT ETF (USRT) belong to the same industry segment: US Real Estate. FREL's top 3 sector exposures are Real Estate and Industrials. In contrast, USRT's top sector exposures are Real Estate Both FREL and USRT have the same Total Expense Ratio (TER) of 0.08%. FREL is up 7.91% year-to-date (YTD) with +$252M in YTD flows. USRT performs better with 11.75% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of FREL and USRT 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 USRT 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 USRT | +8.83%+9.05% | +5.64%+9.43% | +7.91%+11.75% | +12.16%+17.13% | +29.52%+38.55% | +16.37%+31.30% |
| Flows | FREL USRT | -$16M+$368K | -$4M+$112M | +$252M+$40M | +$304M+$448M | +$175M+$1.19B | +$98M+$1.27B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL USRT | +14.88%+14.89% | +13.43%+13.56% | +16.94%+17.07% | +18.91%+18.95% |
| Max drawdown | FREL USRT | -8.45%-8.02% | -8.45%-8.02% | -17.46%-18.73% | -34.35%-30.96% |
| Max drawdown duration | FREL USRT | 44d44d | 44d44d | 441d434d | 1576d985d |
Trading data
FREL | USRT | |
Last sale 4/28/2026 at 1:30 PM | $29.02 | $64.02 |
| Previous close 04/28/2026 | $28.73 | $63.43 |
| 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 | USRT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
FREL | USRT | |
|---|---|---|
| Last price | $29.02 | $64.02 |
| 1D performance | +1.01% | +0.93% |
| AuM | $1.42 B | $3.71 B |
| E/R | 0.08% | 0.08% |
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Exposure
Countries
FREL
USA
99.19%
Other
0.81%
USRT
USA
99.53%
Other
0.47%
Sectors
FREL
Real Estate
95.17%
Other
4.83%
USRT
Real Estate
96.01%
Other
3.99%
Diversification
FREL
Total weight of top 15 holdings out of 15
57.23%
USRT
Total weight of top 15 holdings out of 15
58.55%
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%
USRT
WELLTOWER INC
8.38%
PROLOGIS REIT
7.83%
EQUINIX INC COMMON STOCK REIT
6.54%
DIGITAL REALTY REIT
4.63%
SIMON PROPERTY GROUP REIT
4.57%
REALTY INCOME REIT
4.30%
PUBLIC STORAGE REIT
3.77%
VENTAS REIT
3.52%
IRON MOUNTAIN
2.75%
VICI PROPERTIES INC
2.68%
EXTRA SPACE STORAGE REIT
2.54%
AVALONBAY COMMUNITIES REIT
2.14%
EQUITY RESIDENTIAL REIT
2.06%
SUN COMMUNITIES REIT
1.42%
ESSEX PROPERTY REIT
1.42%
Frequently asked questions about FREL and USRT
How have the FREL and USRT ETFs performed in 2026?
As of April 27, 2026, FREL is up 7.91% year-to-date (YTD), while USRT has returned 11.75%. That puts USRT better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or USRT?
Year-to-date, the FREL ETF saw +$252M in flows, compared to +$40M for USRT.
Which ETF is more volatile: FREL or USRT?
Over the past year, FREL had a volatility of 13.43%, while USRT experienced 13.56%.
Which ETF is bigger: FREL or USRT?
As of April 27, 2026, FREL holds $1.42 B in assets under management (AUM), while USRT manages $3.71 B.
What sectors do the FREL and USRT ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, USRT focuses on Real Estate.
What are the top holdings of the FREL ETF and USRT ETF?
FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. USRT holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FREL or USRT?
FREL holds 127 securities with 57.23% of its assets in the top 15. USRT has 128 securities and a top 15 weight of 58.55%.
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Latest news about FREL & USRT
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
FREL
USRT
Real Estate Sector Declines on Fed Minutes
May 27, 2024
FREL
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
USRT
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Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
USRT
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
USRT
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
USRT
REIT ETFs: Active Management or Passive Indexing?
March 13, 2023
USRT
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