PPTYvsFRELETF Comparison
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PPTY US DIversified Real Estate ETF (PPTY) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. PPTY's top 3 sector exposures are Real Estate, Consumer Discretionary and Health Care. In contrast, FREL's top sector exposures are Real Estate, Industrials PPTY is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.08% for FREL. PPTY is up 7.61% year-to-date (YTD) with -$6M in YTD flows. FREL performs better with 8.94% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of PPTY 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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PPTY vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PPTY FREL | +8.88%+9.44% | +6.05%+7.79% | +7.61%+8.94% | +11.56%+13.23% | +28.24%+29.13% | +13.74%+17.72% |
| Flows | PPTY FREL | --$17M | -$5M-$6M | -$6M+$252M | -$23M+$304M | -$112M+$175M | -$107M+$94M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PPTY FREL | +14.42%+14.79% | +14.24%+13.44% | +17.21%+16.93% | +18.82%+18.91% |
| Max drawdown | PPTY FREL | -8.12%-8.45% | -8.12%-8.45% | -20.87%-17.46% | -32.41%-34.35% |
| Max drawdown duration | PPTY FREL | 49d44d | 49d44d | 517d441d | 1576d1577d |
Trading data
PPTY | FREL | |
Last sale 4/30/2026 at 4:26 PM | $32.31 | $29.11 |
| Previous close 04/29/2026 | $32.14 | $28.79 |
| Consolidated volume 04/29/2026 | ||
| 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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PPTY | 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 4/30/2026 at 4:26 PM
Live
Closed
PPTY | FREL | |
|---|---|---|
| Last price | $32.31 | $29.11 |
| 1D performance | +0.54% | +1.11% |
| AuM | $24.09 M | $1.43 B |
| E/R | 0.53% | 0.08% |
Characteristics
PPTY | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vident | Fidelity |
| Benchmark | USREX – U.S. Diversified Real Estate Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 82 | 113 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2018 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
PPTY
USA
99.04%
Other
0.96%
FREL
USA
99.19%
Other
0.81%
Sectors
PPTY
Real Estate
88.63%
Other
11.37%
FREL
Real Estate
95.17%
Other
4.83%
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Diversification
PPTY
Total weight of top 15 holdings out of 15
44.78%
FREL
Total weight of top 15 holdings out of 15
57.23%
Top 15 holdings
Data as of March 31, 2026
PPTY
EQUINIX INC COMMON STOCK REIT
4.90%
PROLOGIS REIT
4.12%
FOUR CORNERS PROPERTY TRUST
3.99%
DIGITAL REALTY REIT
3.87%
AVALONBAY COMMUNITIES REIT
3.53%
WELLTOWER INC
2.99%
EQUITY RESIDENTIAL REIT
2.86%
SIMON PROPERTY GROUP REIT
2.73%
TERRENO REALTY REIT
2.70%
KILROY REALTY REIT
2.46%
MARRIOTT INTL
2.23%
AMERICAN HOMES 4 RENT
2.16%
ALEXANDRIA REAL ESTATE EQUITIES REIT
2.13%
WP CAREY INC
2.12%
ESSEX PROPERTY REIT
1.99%
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 PPTY and FREL
How have the PPTY and FREL ETFs performed in 2026?
As of April 29, 2026, PPTY is up 7.61% year-to-date (YTD), while FREL has returned 8.94%. That puts FREL better performer ahead so far this year.
Which ETF is attracting more investor money: PPTY or FREL?
Year-to-date, the PPTY ETF saw -$6M in flows, compared to +$252M for FREL.
Which ETF is more volatile: PPTY or FREL?
Over the past year, PPTY had a volatility of 14.24%, while FREL experienced 13.44%.
Which ETF is bigger: PPTY or FREL?
As of April 29, 2026, PPTY holds $24.09 M in assets under management (AUM), while FREL manages $1.43 B.
What sectors do the PPTY and FREL ETFs invest in?
PPTY leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the PPTY ETF and FREL ETF?
PPTY top holdings include EQUINIX INC COMMON STOCK REIT, PROLOGIS REIT and FOUR CORNERS PROPERTY TRUST. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: PPTY or FREL?
PPTY holds 87 securities with 44.78% 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 PPTY & 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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