FRIvsFRELETF Comparison
VS
First Trust S&P REIT Index Fund ETF (FRI) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. FRI's top 3 sector exposures are Finance and Utilities. In contrast, FREL's top sector exposures are Finance and Technology. FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.084% for FREL. FRI is up 23.02% year-to-date (YTD) with +$21M in YTD flows. FREL performs worse with 15.99% YTD performance, and +$263M in YTD flows. Run a side-by-side ETF comparison of FRI and FREL 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
FRI vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI FREL | +5.28%+3.95% | +10.06%+6.89% | +23.02%+15.99% | +24.25%+13.80% | +40.24%+30.49% | +30.48%+15.25% |
| Flows | FRI FREL | +$13M+$6M | +$24M+$10M | +$21M+$263M | +$15M+$345M | +$40M+$281M | +$26M-$68M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI FREL | +15.49%+16.07% | +13.72%+14.16% | +16.84%+16.94% | +18.91%+18.95% |
| Max drawdown | FRI FREL | -3.78%-3.32% | -7.64%-8.45% | -18.74%-17.46% | -31.41%-34.35% |
| Max drawdown duration | FRI FREL | 13d16d | 44d44d | 434d441d | 1496d1621d |
Trading data
FRI | FREL | |
Last sale 7/27/2026 at 1:30 PM | $33.18 | $30.53 |
| Previous close 07/27/2026 | $33.34 | $30.59 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FRI | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
FRI | FREL | |
|---|---|---|
| Last price | $33.18 | $30.53 |
| 1D performance | -0.47% | -0.20% |
| AuM | $203.21 M | $1.52 B |
| E/R | 0.49% | 0.084% |
Characteristics
FRI | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Fidelity |
| Benchmark | S&P United States REIT Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 126 | 124 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | February 2, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
FRI
USA
95.48%
Other
4.52%
FREL
USA
99.19%
Other
0.81%
Sectors
FRI
Finance
95.46%
Other
4.54%
FREL
Finance
98.23%
Other
1.77%
Advertisement
Diversification
FRI
Total weight of top 15 holdings out of 15
58.76%
FREL
Total weight of top 15 holdings out of 15
56.98%
Top 15 holdings
Data as of June 30, 2026
FRI
Welltower, Inc.
11.87%
Prologis, Inc.
9.32%
Simon Property Group, Inc.
4.57%
Digital Realty Trust, Inc.
4.30%
Equinix, Inc.
4.29%
Realty Income Corp.
4.21%
Public Storage
3.73%
Ventas, Inc.
3.18%
Iron Mountain, Inc.
2.65%
Extra Space Storage, Inc.
2.27%
VICI Properties, Inc.
2.10%
AvalonBay Communities, Inc.
1.93%
Equity Residential
1.71%
Essex Property Trust, Inc.
1.39%
Kimco Realty Corp.
1.24%
FREL
Welltower, Inc.
8.75%
Prologis, Inc.
7.79%
Equinix, Inc.
5.64%
Simon Property Group, Inc.
4.65%
Digital Realty Trust, Inc.
4.06%
American Tower Corp.
4.03%
Realty Income Corp.
3.56%
Public Storage
3.21%
Ventas, Inc.
2.56%
CBRE Group, Inc.
2.54%
Iron Mountain, Inc.
2.47%
Crown Castle, Inc.
2.20%
Extra Space Storage, Inc.
2.00%
VICI Properties, Inc.
1.82%
AvalonBay Communities, Inc.
1.70%
Frequently asked questions about FRI and FREL
How have the FRI and FREL ETFs performed in 2026?
As of July 24, 2026, FRI is up 23.02% year-to-date (YTD), while FREL has returned 15.99%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or FREL?
Year-to-date, the FRI ETF saw +$21M in flows, compared to +$263M for FREL.
Which ETF is more volatile: FRI or FREL?
Over the past year, FRI had a volatility of 13.72%, while FREL experienced 14.16%.
Which ETF is bigger: FRI or FREL?
As of July 24, 2026, FRI holds $203.21 M in assets under management (AUM), while FREL manages $1.52 B.
What sectors do the FRI and FREL ETFs invest in?
FRI leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the FRI ETF and FREL ETF?
FRI top holdings include Welltower, Inc., Prologis, Inc. and Simon Property Group, Inc.. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: FRI or FREL?
FRI holds 126 securities with 58.76% of its assets in the top 15. FREL has 125 securities and a top 15 weight of 56.98%.
Advertisement
Latest news about FRI & FREL
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
FREL
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 Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
FREL
Advertisement
Advertisement
