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FRELvsUSRTETF 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
USRT

iShares Core U.S. REIT ETF

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

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 5.82% year-to-date (YTD) with +$226M in YTD flows. USRT performs better with 8.87% YTD performance, and +$31M 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

0.01.02.03.04.05.0%Feb 9Feb 17Feb 24Mar 3Mar 10

Cumulative Flows

0 M20 M40 M60 M80 M100 MFeb 9Feb 17Feb 24Mar 3Mar 10

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Historic performance and flows
Data as of 03/09/2026
1M3MYTD1Y3Y5Y
Perf.
FREL
USRT
+1.12%+0.97%
+6.38%+9.41%
+5.82%+8.87%
+6.33%+10.03%
+26.40%+39.06%
+27.50%+39.45%
Flows
FREL
USRT
-$3M+$88M
+$239M+$108M
+$226M+$31M
+$331M+$548M
-$213K+$1.14B
+$126M+$1.41B
Volatility and drawdown
3M1Y3Y5Y
Volatility
FREL
USRT
+11.75%+11.84%
+16.41%+16.99%
+17.30%+17.33%
+18.87%+18.92%
Max drawdown
FREL
USRT
-3.47%-3.52%
-12.43%-13.10%
-17.46%-18.73%
-34.35%-30.96%
Max drawdown duration
FREL
USRT
21d17d
79d68d
441d434d
1527d985d
Trading data

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FREL
USRT
Last sale
3/11/2026 at 1:30 PM
$28.11
$61.40
Previous close
03/10/2026
$28.42
$62.00
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

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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 3/11/2026 at 1:30 PM
Live
Closed
FREL
USRT
Last price
$28.11
$61.40
1D performance
-1.09%
-0.97%
AuM$1.38 B$3.62 B
E/R0.08%0.08%
Characteristics
FREL
USRT
Management strategyPassivePassive
ProviderFidelityiShares
BenchmarkMSCI USA IMI Real Estate 25/25 IndexFTSE Nareit Equity REITs 40 Act Capped Index
N° of holdings116113
Asset classEquities-
Trailing 12m distribution yield
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Inception dateFebruary 2, 2015May 1, 2007
ESGNoNo
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Exposure

Countries

FREL
USA
99.48%
Other
0.52%
USRT
USA
99.97%
Other
0.03%

Sectors

FREL
Real Estate
95.22%
Other
4.78%
USRT
Real Estate
96.58%
Other
3.42%
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Diversification

FREL

Total weight of top 15 holdings out of 15

56.79%
USRT

Total weight of top 15 holdings out of 15

58.53%

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%
USRT
WELLTOWER INC
8.45%
PROLOGIS REIT
8.10%
EQUINIX INC COMMON STOCK REIT
6.06%
SIMON PROPERTY GROUP REIT
4.60%
DIGITAL REALTY REIT
4.59%
REALTY INCOME REIT
4.44%
PUBLIC STORAGE REIT
3.94%
VENTAS REIT
3.25%
VICI PROPERTIES INC
2.72%
EXTRA SPACE STORAGE REIT
2.65%
IRON MOUNTAIN
2.47%
AVALONBAY COMMUNITIES REIT
2.25%
EQUITY RESIDENTIAL REIT
2.12%
INVITATION HOMES INC
1.46%
ESSEX PROPERTY REIT
1.44%
Frequently asked questions about FREL and USRT

How have the FREL and USRT ETFs performed in 2026?

As of March 9, 2026, FREL is up 5.82% year-to-date (YTD), while USRT has returned 8.87%. 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 +$226M in flows, compared to +$31M for USRT.

Which ETF is more volatile: FREL or USRT?

Over the past year, FREL had a volatility of 16.41%, while USRT experienced 16.99%.

Which ETF is bigger: FREL or USRT?

As of March 9, 2026, FREL holds $1.38 B in assets under management (AUM), while USRT manages $3.62 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 PROLOGIS REIT, WELLTOWER INC 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 130 securities with 56.79% of its assets in the top 15. USRT has 131 securities and a top 15 weight of 58.53%.

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