NUREvsFRELETF Comparison
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NuShares Short-Term REIT ETF (NURE) 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. NURE is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for FREL. NURE is up 4.83% year-to-date (YTD) with - in YTD flows. FREL performs better with 7.91% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of NURE 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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NURE vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NURE FREL | +8.85%+8.83% | +3.73%+5.64% | +4.83%+7.91% | +3.33%+12.16% | +11.15%+29.52% | +7.00%+16.37% |
| Flows | NURE FREL | --$16M | --$4M | -+$252M | -$12M+$304M | -$21M+$175M | +$22M+$98M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NURE FREL | +17.45%+14.88% | +16.35%+13.43% | +18.01%+16.94% | +19.83%+18.91% |
| Max drawdown | NURE FREL | -9.11%-8.45% | -9.91%-8.45% | -21.13%-17.46% | -35.93%-34.35% |
| Max drawdown duration | NURE FREL | 49d44d | 334d44d | 581d441d | 1468d1576d |
Trading data
NURE | FREL | |
Last sale 4/28/2026 at 3:26 PM | $29.73 | $28.84 |
| Previous close 04/28/2026 | $29.13 | $29.02 |
| Consolidated volume 04/28/2026 | ||
| 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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NURE | 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 4/28/2026 at 3:26 PM
Live
Closed
NURE | FREL | |
|---|---|---|
| Last price | $29.73 | $28.84 |
| 1D performance | +2.05% | -0.62% |
| AuM | $32.05 M | $1.42 B |
| E/R | 0.35% | 0.08% |
Characteristics
NURE | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Nuveen | Fidelity |
| Benchmark | Dow Jones U.S. Select Short-Term REIT Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 28 | 113 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 20, 2016 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
NURE
USA
95.33%
Other
4.67%
FREL
USA
99.19%
Other
0.81%
Sectors
NURE
Real Estate
95.33%
Other
4.67%
FREL
Real Estate
95.17%
Other
4.83%
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Diversification
NURE
Total weight of top 15 holdings out of 15
74.8%
FREL
Total weight of top 15 holdings out of 15
57.23%
Top 15 holdings
Data as of March 31, 2026
NURE
HOST HOTELS & RESORTS REIT
5.23%
INVITATION HOMES INC
5.16%
EQUITY RESIDENTIAL REIT
5.15%
RYMAN HOSPITALITY PROPERTIES
5.07%
ESSEX PROPERTY REIT
5.06%
AMERICAN HOMES 4 RENT
5.06%
CAMDEN PROPERTY REIT
5.02%
MID AMERICA APARTMENT COMMUNITI REIT
5.00%
AVALONBAY COMMUNITIES REIT
4.98%
UDR REIT
4.90%
CUBESMART REIT
4.88%
EQUITY LIFESTYLE PROPERTIES REIT
4.88%
EXTRA SPACE STORAGE REIT
4.85%
SUN COMMUNITIES REIT
4.84%
PUBLIC STORAGE REIT
4.72%
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 NURE and FREL
How have the NURE and FREL ETFs performed in 2026?
As of April 27, 2026, NURE is up 4.83% year-to-date (YTD), while FREL has returned 7.91%. That puts FREL better performer ahead so far this year.
Which ETF is attracting more investor money: NURE or FREL?
Year-to-date, the NURE ETF saw - in flows, compared to +$252M for FREL.
Which ETF is more volatile: NURE or FREL?
Over the past year, NURE had a volatility of 16.35%, while FREL experienced 13.43%.
Which ETF is bigger: NURE or FREL?
As of April 27, 2026, NURE holds $32.05 M in assets under management (AUM), while FREL manages $1.42 B.
What sectors do the NURE and FREL ETFs invest in?
NURE leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the NURE ETF and FREL ETF?
NURE top holdings include HOST HOTELS & RESORTS REIT, INVITATION HOMES INC and EQUITY RESIDENTIAL REIT. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: NURE or FREL?
NURE holds 28 securities with 74.8% 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 NURE & 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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