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IRETvsFRELETF Comparison

ETF 1
IRET

iREIT- MarketVector Quality REIT Index ETF

This fund is part of
US Real Estate
-0.99%
Full IRET fund page
VS
ETF 2
FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of
US Real Estate
-0.99%
Full FREL fund page

iREIT- MarketVector Quality REIT Index ETF (IRET) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. Both ETFs have the same top 3 sector exposures: and Real Estate. IRET is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.08% for FREL. IRET is up 7.07% year-to-date (YTD) with -$1M in YTD flows. FREL performs worse with 5.65% YTD performance, and +$264M in YTD flows. Run a side-by-side ETF comparison of IRET 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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IRET vs FREL performance and flow charts

Performance

-1.00.01.02.03.04.0%Feb 10Feb 18Feb 25Mar 4Mar 11

Cumulative Flows

0 M10 M20 M30 M40 MFeb 10Feb 18Feb 25Mar 4Mar 11

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
IRET
FREL
+0.38%-0.36%
+7.23%+5.83%
+7.07%+5.65%
+6.99%+6.16%
n/a+30.55%
n/a+25.96%
Flows
IRET
FREL
-$1M+$35M
-$1M+$276M
-$1M+$264M
-$2M+$369M
-+$43M
-+$163M
Volatility and drawdown
3M1Y3Y5Y
Volatility
IRET
FREL
+12.65%+11.75%
+17.38%+16.37%
n/a+17.19%
n/a+18.86%
Max drawdown
IRET
FREL
-4.47%-3.47%
-14.01%-12.43%
n/a-17.46%
n/a-34.35%
Max drawdown duration
IRET
FREL
21d21d
214d79d
n/a441d
n/a1528d
Trading data

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IRET
FREL
Last sale
3/12/2026 at 3:26 PM
$19.94
$28.08
Previous close
03/11/2026
$19.99
$28.11
Consolidated volume
03/11/2026
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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IRET
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 3/12/2026 at 3:26 PM
Live
Closed
IRET
FREL
Last price
$19.94
$28.08
1D performance
-0.27%
-0.11%
AuM$2.50 M$1.41 B
E/R0.6%0.08%
Characteristics
IRET
FREL
Management strategyPassivePassive
ProvideriREITFidelity
BenchmarkiREIT-MarketVector Quality REIT IndexMSCI USA IMI Real Estate 25/25 Index
N° of holdings34116
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateMarch 5, 2024February 2, 2015
ESGNoNo
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Exposure

Countries

IRET
USA
99.43%
Other
0.57%
FREL
USA
99.48%
Other
0.52%

Sectors

IRET
Real Estate
95.93%
Other
4.07%
FREL
Real Estate
95.22%
Other
4.78%
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Diversification

IRET

Total weight of top 15 holdings out of 15

52.25%
FREL

Total weight of top 15 holdings out of 15

56.79%

Top 15 holdings

Data as of January 31, 2026
IRET
EQUINIX INC COMMON STOCK REIT
3.78%
EXTRA SPACE STORAGE REIT
3.59%
US69007J3041
3.50%
CUBESMART REIT
3.49%
EQUITY LIFESTYLE PROPERTIES REIT
3.49%
NETSTREIT CORP
3.48%
EPR PROPERTIES
3.47%
PUBLIC STORAGE REIT
3.47%
FEDERAL REIT
3.47%
KIMCO REALTY REIT
3.46%
SUN COMMUNITIES REIT
3.44%
GETTY REALTY REIT
3.43%
VICI PROPERTIES INC
3.41%
AMERICAN HOMES 4 RENT
3.39%
KITE REALTY GROUP REIT
3.38%
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%
Frequently asked questions about IRET and FREL

How have the IRET and FREL ETFs performed in 2026?

As of March 11, 2026, IRET is up 7.07% year-to-date (YTD), while FREL has returned 5.65%. That puts IRET better performer ahead so far this year.

Which ETF is attracting more investor money: IRET or FREL?

Year-to-date, the IRET ETF saw -$1M in flows, compared to +$264M for FREL.

Which ETF is more volatile: IRET or FREL?

Over the past year, IRET had a volatility of 17.38%, while FREL experienced 16.37%.

Which ETF is bigger: IRET or FREL?

As of March 11, 2026, IRET holds $2.50 M in assets under management (AUM), while FREL manages $1.41 B.

What sectors do the IRET and FREL ETFs invest in?

IRET leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.

What are the top holdings of the IRET ETF and FREL ETF?

IRET top holdings include EQUINIX INC COMMON STOCK REIT, EXTRA SPACE STORAGE REIT and US69007J3041. FREL holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: IRET or FREL?

IRET holds 34 securities with 52.25% of its assets in the top 15. FREL has 130 securities and a top 15 weight of 56.79%.

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