IAKvsFRELETF Comparison
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iShares U.S. Insurance ETF (IAK) belongs to the US Financials segment. Fidelity MSCI Real Estate Index ETF (FREL) is part of the US Real Estate segment. IAK's top 3 sector exposures are Finance, Non-Corporate and Healthcare. In contrast, FREL's top sector exposures are Finance and Technology. IAK is more expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.084% for FREL. IAK is up 10.82% year-to-date (YTD) with -$75M in YTD flows. FREL performs worse with 8.06% YTD performance, and +$247M in YTD flows. Run a side-by-side ETF comparison of IAK 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.
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IAK vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IAK FREL | +7.09%+2.95% | -0.60%-6.59% | +10.82%+8.06% | +18.20%+4.07% | +67.59%+44.37% | +91.94%+3.07% |
| Flows | IAK FREL | -$7M-$38M | -$56M-$16M | -$75M+$247M | -$241M+$282M | -$144M+$286M | +$115M-$337M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IAK FREL | +16.07%+12.64% | +16.08%+14.08% | +16.79%+16.51% | +18.21%+18.96% |
| Max drawdown | IAK FREL | -10.43%-11.58% | -10.43%-11.58% | -11.52%-17.46% | -14.68%-34.35% |
| Max drawdown duration | IAK FREL | 90d90d | 90d90d | 254d441d | 203d1621d |
Trading data
IAK | FREL | |
Last sale 10/27/2026 at 3:11 PM | $146.29 | $28.12 |
| Previous close 10/26/2026 | $147.57 | $28.27 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IAK | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 3:11 PM
Live
Closed
IAK | FREL | |
|---|---|---|
| Last price | $146.29 | $28.12 |
| 1D performance | -0.87% | -0.53% |
| AuM | $450.01 M | $1.39 B |
| E/R | 0.37% | 0.084% |
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Exposure
Countries
IAK
USA
83.04%
Switzerland
12.77%
Other
4.19%
FREL
USA
99.78%
Other
0.22%
Sectors
IAK
Finance
99.09%
Other
0.91%
FREL
Finance
98.65%
Other
1.35%
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Diversification
IAK
Total weight of top 15 holdings out of 15
78.59%
FREL
Total weight of top 15 holdings out of 15
60%
Top 15 holdings
Data as of August 31, 2026
IAK
The Progressive Corp.
13.32%
Chubb Ltd.
12.77%
The Travelers Cos., Inc.
8.13%
The Allstate Corp.
6.94%
MetLife, Inc.
4.65%
Prudential Financial, Inc.
4.45%
Aflac, Inc.
4.38%
American International Group, Inc.
4.29%
The Hartford Insurance Group, Inc.
4.10%
Arch Capital Group Ltd.
3.72%
Cincinnati Financial Corp.
2.86%
Markel Group, Inc.
2.46%
Principal Financial Group, Inc.
2.36%
W.R. Berkley Corp.
2.17%
Loews Corp.
1.99%
FREL
Welltower, Inc.
9.53%
Prologis, Inc.
7.88%
Equinix, Inc.
5.51%
American Tower Corp.
4.58%
Simon Property Group, Inc.
4.44%
Digital Realty Trust, Inc.
4.02%
Realty Income Corp.
3.64%
Public Storage
3.42%
Equity Residential
3.09%
CBRE Group, Inc.
2.91%
Ventas, Inc.
2.74%
Iron Mountain, Inc.
2.27%
Crown Castle, Inc.
2.15%
Extra Space Storage, Inc.
1.99%
VICI Properties, Inc.
1.82%
Frequently asked questions about IAK and FREL
How have the IAK and FREL ETFs performed in 2026?
As of October 26, 2026, IAK is up 10.82% year-to-date (YTD), while FREL has returned 8.06%. That puts IAK better performer ahead so far this year.
Which ETF is attracting more investor money: IAK or FREL?
Year-to-date, the IAK ETF saw -$75M in flows, compared to +$247M for FREL.
Which ETF is more volatile: IAK or FREL?
Over the past year, IAK had a volatility of 16.08%, while FREL experienced 14.08%.
Which ETF is bigger: IAK or FREL?
As of October 26, 2026, IAK holds $450.01 M in assets under management (AUM), while FREL manages $1.39 B.
What sectors do the IAK and FREL ETFs invest in?
IAK leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the IAK ETF and FREL ETF?
IAK top holdings include The Progressive Corp., Chubb Ltd. and The Travelers Cos., Inc.. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: IAK or FREL?
IAK holds 58 securities with 78.59% of its assets in the top 15. FREL has 118 securities and a top 15 weight of 60%.
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Latest news about IAK & 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
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