RWRvsFRELETF Comparison
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State Street SPDR Dow Jones REIT ETF (RWR) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. RWR's top 1 sector exposures are Finance. In contrast, FREL's top sector exposures are Finance and Technology. RWR is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.084% for FREL. RWR is up 11.56% year-to-date (YTD) with -$44M in YTD flows. FREL performs worse with 7.16% YTD performance, and +$247M in YTD flows. Run a side-by-side ETF comparison of RWR 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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RWR vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RWR FREL | +0.91%+2.09% | -9.00%-7.36% | +11.56%+7.16% | +8.57%+3.20% | +54.61%+45.55% | +13.31%+3.03% |
| Flows | RWR FREL | -$11M-$38M | +$88M-$16M | -$44M+$247M | +$23M+$282M | +$184M+$286M | +$52M-$337M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWR FREL | +12.08%+12.62% | +14.10%+14.08% | +16.69%+16.49% | +19.08%+18.96% |
| Max drawdown | RWR FREL | -12.41%-11.58% | -12.71%-11.58% | -18.77%-17.46% | -32.62%-34.35% |
| Max drawdown duration | RWR FREL | 91d91d | 93d91d | 434d441d | 1499d1621d |
Trading data
RWR | FREL | |
Last sale 10/28/2026 at 1:30 PM | $105.97 | $27.85 |
| Previous close 10/27/2026 | $106.98 | $28.04 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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RWR | 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 10/28/2026 at 1:30 PM
Live
Closed
RWR | FREL | |
|---|---|---|
| Last price | $105.97 | $27.85 |
| 1D performance | -0.94% | -0.68% |
| AuM | $1.80 B | $1.38 B |
| E/R | 0.25% | 0.084% |
Characteristics
RWR | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Fidelity |
| Benchmark | Dow Jones U.S. Select REIT Capped Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 95 | 117 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 23, 2001 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
RWR
USA
99.01%
Other
0.99%
FREL
USA
99.78%
Other
0.22%
Sectors
RWR
Finance
99.01%
Other
0.99%
FREL
Finance
98.65%
Other
1.35%
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Diversification
RWR
Total weight of top 15 holdings out of 15
61.78%
FREL
Total weight of top 15 holdings out of 15
60%
Top 15 holdings
Data as of August 31, 2026
RWR
Welltower, Inc.
10.36%
Prologis, Inc.
9.95%
Equity Residential
4.63%
Equinix, Inc.
4.52%
Realty Income Corp.
4.42%
Digital Realty Trust, Inc.
4.34%
Simon Property Group, Inc.
4.31%
Ventas, Inc.
4.30%
Public Storage
4.21%
Extra Space Storage, Inc.
2.89%
Essex Property Trust, Inc.
1.77%
Kimco Realty Corp.
1.55%
Invitation Homes, Inc.
1.55%
W.P. Carey, Inc.
1.51%
Mid-America Apartment Communities, Inc.
1.46%
FREL
Welltower, Inc.
9.53%
Prologis, Inc.
7.88%
Equinix, Inc.
5.51%
American Tower Corp.
4.58%
Simon Property Group, Inc.
4.44%
Digital Realty Trust, Inc.
4.02%
Realty Income Corp.
3.64%
Public Storage
3.42%
Equity Residential
3.09%
CBRE Group, Inc.
2.91%
Ventas, Inc.
2.74%
Iron Mountain, Inc.
2.27%
Crown Castle, Inc.
2.15%
Extra Space Storage, Inc.
1.99%
VICI Properties, Inc.
1.82%
Frequently asked questions about RWR and FREL
How have the RWR and FREL ETFs performed in 2026?
As of October 27, 2026, RWR is up 11.56% year-to-date (YTD), while FREL has returned 7.16%. That puts RWR better performer ahead so far this year.
Which ETF is attracting more investor money: RWR or FREL?
Year-to-date, the RWR ETF saw -$44M in flows, compared to +$247M for FREL.
Which ETF is more volatile: RWR or FREL?
Over the past year, RWR had a volatility of 14.1%, while FREL experienced 14.08%.
Which ETF is bigger: RWR or FREL?
As of October 27, 2026, RWR holds $1.80 B in assets under management (AUM), while FREL manages $1.38 B.
What sectors do the RWR and FREL ETFs invest in?
RWR leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the RWR ETF and FREL ETF?
RWR top holdings include Welltower, Inc., Prologis, Inc. and Equity Residential. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: RWR or FREL?
RWR holds 95 securities with 61.78% of its assets in the top 15. FREL has 118 securities and a top 15 weight of 60%.
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Latest news about RWR & 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
RWR
FREL
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
RWR
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Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
RWR
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
RWR
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
RWR
FREL
Real Estate Funds Plunge Again Amid Spike in Interest Rates
October 24, 2023
RWR
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