LPREvsFRELETF Comparison
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Long Pond Real Estate Select ETF (LPRE) belongs to the Uncategorized Equities segment. Fidelity MSCI Real Estate Index ETF (FREL) is part of the US Real Estate segment. LPRE's top 3 sector exposures are Real Estate and Consumer Discretionary. In contrast, FREL's top sector exposures are Real Estate and Industrials. LPRE is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.08% for FREL. LPRE is up 5.78% year-to-date (YTD) with +$31M in YTD flows. FREL performs better with 8.78% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of LPRE 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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LPRE vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LPRE FREL | +7.64%+7.88% | +3.07%+6.29% | +5.78%+8.78% | +20.20%+13.99% | n/a+31.01% | n/a+17.75% |
| Flows | LPRE FREL | +$3M-$15M | +$22M+$2M | +$31M+$252M | +$123M+$303M | -+$168M | -+$98M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LPRE FREL | +16.31%+14.82% | +15.76%+13.41% | n/a+16.99% | n/a+18.91% |
| Max drawdown | LPRE FREL | -10.19%-8.45% | -10.19%-8.45% | n/a-17.46% | n/a-34.35% |
| Max drawdown duration | LPRE FREL | 58d44d | 58d44d | n/a441d | n/a1572d |
Trading data
LPRE | FREL | |
Last sale 4/24/2026 at 1:30 PM | $27.98 | $28.90 |
| Previous close 04/23/2026 | $28.01 | $28.96 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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LPRE
is actively managed and doesn’t replicate an indexLPRE | 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 4/24/2026 at 1:30 PM
Live
Closed
LPRE | FREL | |
|---|---|---|
| Last price | $27.98 | $28.90 |
| 1D performance | -0.11% | -0.22% |
| AuM | $146.14 M | $1.43 B |
| E/R | 1% | 0.08% |
Characteristics
LPRE | FREL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Exchange Traded Concepts | Fidelity |
| Benchmark | - | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 27 | 113 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 3, 2025 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
LPRE
USA
87.96%
Other
12.04%
FREL
USA
99.19%
Other
0.81%
Sectors
LPRE
Real Estate
71.88%
Consumer Discreti.
27.93%
Other
0.18%
FREL
Real Estate
95.17%
Other
4.83%
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Diversification
LPRE
Total weight of top 15 holdings out of 15
72.12%
FREL
Total weight of top 15 holdings out of 15
57.23%
Top 15 holdings
Data as of March 31, 2026
LPRE
INDEPENDENCE REA
6.88%
UNITE GROUP REIT
6.69%
HEALTHPEAK PROPERTIES INC
6.48%
HYATT HOTELS
6.13%
INVITATION HOMES INC
5.32%
ACCOR SA
5.17%
AGREE REALTY REIT
4.94%
AVALONBAY COMMUNITIES REIT
4.66%
WYNDHAM HOTELS & RESORTS
4.13%
UDR REIT
4.10%
EQUITY LIFESTYLE PROPERTIES REIT
3.96%
AMERICAN TOWER CL A REIT
3.60%
MID AMERICA APARTMENT COMMUNITI REIT
3.44%
EXTRA SPACE STORAGE REIT
3.41%
WYNN RESORTS
3.20%
FREL
WELLTOWER INC
8.42%
PROLOGIS REIT
8.14%
AMERICAN TOWER CL A REIT
5.32%
EQUINIX INC COMMON STOCK REIT
4.80%
SIMON PROPERTY GROUP REIT
4.15%
DIGITAL REALTY REIT
4.09%
REALTY INCOME REIT
3.77%
PUBLIC STORAGE REIT
2.97%
CBRE GROUP
2.82%
VENTAS REIT
2.64%
CROWN CASTLE INTERNATIONAL
2.38%
IRON MOUNTAIN
2.09%
VICI PROPERTIES INC
2.02%
EXTRA SPACE STORAGE REIT
1.96%
AVALONBAY COMMUNITIES REIT
1.65%
Frequently asked questions about LPRE and FREL
How have the LPRE and FREL ETFs performed in 2026?
As of April 23, 2026, LPRE is up 5.78% year-to-date (YTD), while FREL has returned 8.78%. That puts FREL better performer ahead so far this year.
Which ETF is attracting more investor money: LPRE or FREL?
Year-to-date, the LPRE ETF saw +$31M in flows, compared to +$252M for FREL.
Which ETF is more volatile: LPRE or FREL?
Over the past year, LPRE had a volatility of 15.76%, while FREL experienced 13.41%.
Which ETF is bigger: LPRE or FREL?
As of April 23, 2026, LPRE holds $146.14 M in assets under management (AUM), while FREL manages $1.43 B.
What sectors do the LPRE and FREL ETFs invest in?
LPRE leans toward sectors like Real Estate and Consumer Discretionary. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the LPRE ETF and FREL ETF?
LPRE top holdings include INDEPENDENCE REA, UNITE GROUP REIT and HEALTHPEAK PROPERTIES INC. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: LPRE or FREL?
LPRE holds 27 securities with 72.12% of its assets in the top 15. FREL has 127 securities and a top 15 weight of 57.23%.
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Latest news about LPRE & 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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