FRELvsVNQETF Comparison
VS
Fidelity MSCI Real Estate Index ETF (FREL) and Vanguard Real Estate ETF (VNQ) belong to the same industry segment: US Real Estate. Both ETFs have the same top 3 sector exposures: Real Estate and Industrials. FREL is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.13% for VNQ. FREL is up 11.82% year-to-date (YTD) with +$258M in YTD flows. VNQ performs worse with 9.22% YTD performance, and +$863M in YTD flows. Run a side-by-side ETF comparison of FREL and VNQ 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 VNQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL VNQ | +3.26%+0.63% | +6.70%+3.55% | +11.82%+9.22% | +13.24%+10.92% | +31.63%+30.17% | +14.31%+11.64% |
| Flows | FREL VNQ | +$15M+$634M | -$7M+$562M | +$258M+$863M | +$304M+$1.34B | +$247M+$902M | +$8M-$342M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL VNQ | +15.76%+16.49% | +13.60%+13.79% | +16.85%+16.78% | +18.91%+18.86% |
| Max drawdown | FREL VNQ | -5.78%-5.75% | -8.45%-8.32% | -17.46%-17.41% | -34.35%-34.43% |
| Max drawdown duration | FREL VNQ | 22d22d | 44d44d | 441d141d | 1621d1621d |
Trading data
FREL | VNQ | |
Last sale 6/18/2026 at 3:08 PM | $28.90 | $96.03 |
| Previous close 06/17/2026 | $29.05 | $95.61 |
| Consolidated volume 06/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FREL | VNQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 6/18/2026 at 3:08 PM
Live
Closed
FREL | VNQ | |
|---|---|---|
| Last price | $28.90 | $96.03 |
| 1D performance | -0.52% | +0.44% |
| AuM | $1.48 B | $37.46 B |
| E/R | 0.084% | 0.13% |
Characteristics
FREL | VNQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Vanguard |
| Benchmark | MSCI USA IMI Real Estate 25/25 Index | MSCI US Investable Market Real Estate 25/50 Transition Index |
| N° of holdings | 113 | 126 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2015 | September 23, 2004 |
| ESG | No | No |
Advertisement
Exposure
Countries
FREL
USA
99.66%
Other
0.34%
VNQ
USA
98.94%
Other
1.06%
Sectors
FREL
Real Estate
95.81%
Other
4.19%
VNQ
Real Estate
95.32%
Other
4.68%
Advertisement
Diversification
FREL
Total weight of top 15 holdings out of 15
57.66%
VNQ
Total weight of top 15 holdings out of 15
59.3%
Top 15 holdings
Data as of April 30, 2026
FREL
WELLTOWER INC
8.45%
PROLOGIS REIT
8.20%
AMERICAN TOWER CL A REIT
5.16%
EQUINIX INC COMMON STOCK REIT
4.83%
SIMON PROPERTY GROUP REIT
4.30%
DIGITAL REALTY REIT
4.29%
REALTY INCOME REIT
3.67%
PUBLIC STORAGE REIT
3.17%
CBRE GROUP
2.86%
VENTAS REIT
2.53%
CROWN CASTLE INTERNATIONAL
2.39%
IRON MOUNTAIN
2.20%
VICI PROPERTIES INC
1.98%
EXTRA SPACE STORAGE REIT
1.97%
AVALONBAY COMMUNITIES REIT
1.65%
VNQ
WELLTOWER INC
9.15%
PROLOGIS REIT
8.16%
EQUINIX INC COMMON STOCK REIT
6.58%
AMERICAN TOWER CL A REIT
5.29%
DIGITAL REALTY REIT
4.27%
SIMON PROPERTY GROUP REIT
4.11%
REALTY INCOME REIT
3.63%
PUBLIC STORAGE REIT
2.91%
CBRE GROUP
2.63%
VENTAS REIT
2.55%
CROWN CASTLE INTERNATIONAL
2.39%
IRON MOUNTAIN
2.30%
EXTRA SPACE STORAGE REIT
1.88%
VICI PROPERTIES INC
1.84%
AVALONBAY COMMUNITIES REIT
1.60%
Frequently asked questions about FREL and VNQ
How have the FREL and VNQ ETFs performed in 2026?
As of June 16, 2026, FREL is up 11.82% year-to-date (YTD), while VNQ has returned 9.22%. That puts FREL better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or VNQ?
Year-to-date, the FREL ETF saw +$258M in flows, compared to +$863M for VNQ.
Which ETF is more volatile: FREL or VNQ?
Over the past year, FREL had a volatility of 13.6%, while VNQ experienced 13.79%.
Which ETF is bigger: FREL or VNQ?
As of June 16, 2026, FREL holds $1.48 B in assets under management (AUM), while VNQ manages $37.46 B.
What sectors do the FREL and VNQ ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, VNQ focuses on Real Estate.
What are the top holdings of the FREL ETF and VNQ ETF?
FREL top holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT. VNQ holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FREL or VNQ?
FREL holds 127 securities with 57.66% of its assets in the top 15. VNQ has 144 securities and a top 15 weight of 59.3%.
Advertisement
Latest news about FREL & VNQ
REIT Renaissance: The Long-Awaited Comeback Begins
March 30, 2025
VNQ
ETF Comparison: Schwab U.S. REIT ETF (SCHH) Versus Vanguard Real Estate ETF (VNQ)
September 13, 2024
VNQ
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
FREL
Real Estate Sector Declines on Fed Minutes
May 27, 2024
FREL
VNQ
Advertisement
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
VNQ
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
VNQ
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
FREL
VNQ
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
FREL
VNQ
Advertisement
