NETLvsFRELETF Comparison
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NETLease Corporate Real Estate ETF (NETL) 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. NETL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.084% for FREL. NETL is up 11.73% year-to-date (YTD) with +$6M in YTD flows. FREL performs worse with 9.02% YTD performance, and +$257M in YTD flows. Run a side-by-side ETF comparison of NETL 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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NETL vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NETL FREL | -0.87%+0.68% | +1.83%+3.61% | +11.73%+9.02% | +11.05%+10.73% | +23.78%+29.96% | +10.75%+11.42% |
| Flows | NETL FREL | +$5M+$13M | +$6M-$9M | +$6M+$257M | +$8M+$302M | -$39M+$248M | -$25M+$197K |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NETL FREL | +15.72%+16.57% | +14.04%+13.84% | +16.56%+16.90% | +17.85%+18.95% |
| Max drawdown | NETL FREL | -5.31%-5.78% | -9.28%-8.45% | -19.14%-17.46% | -30.38%-34.35% |
| Max drawdown duration | NETL FREL | 21d22d | 45d44d | 149d441d | 1621d1621d |
Trading data
NETL | FREL | |
Last sale 6/18/2026 at 1:30 PM | $25.95 | $28.77 |
| Previous close 06/18/2026 | $25.97 | $29.05 |
| Consolidated volume 06/18/2026 | ||
| 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
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NETL | 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 6/18/2026 at 1:30 PM
Live
Closed
NETL | FREL | |
|---|---|---|
| Last price | $25.95 | $28.77 |
| 1D performance | -0.08% | -0.98% |
| AuM | $51.93 M | $1.44 B |
| E/R | 0.6% | 0.084% |
Characteristics
NETL | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | NETLease | Fidelity |
| Benchmark | Fundamental Income Net Lease Real Estate Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 20 | 113 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2019 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
NETL
USA
99.11%
Other
0.89%
FREL
USA
99.66%
Other
0.34%
Sectors
NETL
Real Estate
89.68%
Other
10.32%
FREL
Real Estate
95.81%
Other
4.19%
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Diversification
NETL
Total weight of top 15 holdings out of 15
78.83%
FREL
Total weight of top 15 holdings out of 15
57.66%
Top 15 holdings
Data as of April 30, 2026
NETL
WP CAREY INC
7.85%
NATIONAL RETAIL PROPERTIES REIT
7.79%
AGREE REALTY REIT
7.65%
VICI PROPERTIES INC
7.62%
REALTY INCOME REIT
7.59%
INNOVATIVE INDUSTRIAL PROPERTIES
4.26%
BROADSTONE NET LEASE
4.17%
US5290434084
4.14%
GETTY REALTY REIT
4.11%
STAG INDUSTRIAL REIT
4.08%
GLOBAL NET LEASE
4.04%
FOUR CORNERS PROPERTY TRUST
4.03%
NETSTREIT CORP
4.00%
EPR PROPERTIES
3.77%
POSTAL REALTY TRUST INC
3.73%
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%
Frequently asked questions about NETL and FREL
How have the NETL and FREL ETFs performed in 2026?
As of June 18, 2026, NETL is up 11.73% year-to-date (YTD), while FREL has returned 9.02%. That puts NETL better performer ahead so far this year.
Which ETF is attracting more investor money: NETL or FREL?
Year-to-date, the NETL ETF saw +$6M in flows, compared to +$257M for FREL.
Which ETF is more volatile: NETL or FREL?
Over the past year, NETL had a volatility of 14.04%, while FREL experienced 13.84%.
Which ETF is bigger: NETL or FREL?
As of June 18, 2026, NETL holds $51.93 M in assets under management (AUM), while FREL manages $1.44 B.
What sectors do the NETL and FREL ETFs invest in?
NETL leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the NETL ETF and FREL ETF?
NETL top holdings include WP CAREY INC, NATIONAL RETAIL PROPERTIES REIT and AGREE REALTY REIT. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: NETL or FREL?
NETL holds 22 securities with 78.83% of its assets in the top 15. FREL has 127 securities and a top 15 weight of 57.66%.
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Latest news about NETL & 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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