TSRSvsFRELETF Comparison
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Truth Social American Red State REITs ETF (TSRS) 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. TSRS is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.08% for FREL. TSRS is up 8.07% year-to-date (YTD) with +$2M in YTD flows. FREL performs better with 8.51% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of TSRS 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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TSRS 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. | TSRS FREL | +7.37%+8.38% | +5.57%+6.21% | +8.07%+8.51% | n/a+13.37% | n/a+30.68% | n/a+16.98% |
| Flows | TSRS FREL | --$15M | -$339K-$911K | +$2M+$252M | -+$303M | -+$168M | -+$98M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSRS FREL | +14.26%+14.83% | n/a+13.41% | n/a+16.98% | n/a+18.91% |
| Max drawdown | TSRS FREL | -8.43%-8.45% | n/a-8.45% | n/a-17.46% | n/a-34.35% |
| Max drawdown duration | TSRS FREL | 46d44d | n/a44d | n/a441d | n/a1573d |
Trading data
TSRS | FREL | |
Last sale 4/28/2026 at 4:04 PM | $26.87 | $28.96 |
| Previous close 04/27/2026 | $26.68 | $28.73 |
| Consolidated volume 04/27/2026 | ||
| 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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TSRS | 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 4:04 PM
Live
Closed
TSRS | FREL | |
|---|---|---|
| Last price | $26.87 | $28.96 |
| 1D performance | +0.73% | +0.80% |
| AuM | $2.67 M | $1.43 B |
| E/R | 0.65% | 0.08% |
Characteristics
TSRS | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Truth Social Funds | Fidelity |
| Benchmark | iREIT Red State REITs Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 23 | 113 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 29, 2025 | February 2, 2015 |
| ESG | No | No |
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Exposure
Countries
TSRS
USA
97.79%
Other
2.21%
FREL
USA
99.19%
Other
0.81%
Sectors
TSRS
Real Estate
91.03%
Other
8.97%
FREL
Real Estate
95.17%
Other
4.83%
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Diversification
TSRS
Total weight of top 15 holdings out of 15
76.33%
FREL
Total weight of top 15 holdings out of 15
57.23%
Top 15 holdings
Data as of March 31, 2026
TSRS
NATIONAL RETAIL PROPERTIES REIT
8.18%
BROADSTONE NET LEASE
8.13%
VICI PROPERTIES INC
7.62%
REALTY INCOME REIT
7.13%
FOUR CORNERS PROPERTY TRUST
6.16%
NETSTREIT CORP
5.58%
LAMAR ADVERTISING
4.77%
NATL HEALTH INV REIT
4.60%
KITE REALTY GROUP REIT
4.51%
MID AMERICA APARTMENT COMMUNITI REIT
3.63%
AGREE REALTY REIT
3.53%
UMH PROPERTIES REIT
3.35%
INVITATION HOMES INC
3.17%
US1462805086
3.12%
ESSENTIAL PROPERTIES REALTY TRUST INC
2.85%
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 TSRS and FREL
How have the TSRS and FREL ETFs performed in 2026?
As of April 27, 2026, TSRS is up 8.07% year-to-date (YTD), while FREL has returned 8.51%. That puts FREL better performer ahead so far this year.
Which ETF is attracting more investor money: TSRS or FREL?
Year-to-date, the TSRS ETF saw +$2M in flows, compared to +$252M for FREL.
Which ETF is bigger: TSRS or FREL?
As of April 27, 2026, TSRS holds $2.67 M in assets under management (AUM), while FREL manages $1.43 B.
What sectors do the TSRS and FREL ETFs invest in?
TSRS leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the TSRS ETF and FREL ETF?
TSRS top holdings include NATIONAL RETAIL PROPERTIES REIT, BROADSTONE NET LEASE and VICI PROPERTIES INC. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: TSRS or FREL?
TSRS holds 26 securities with 76.33% 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 TSRS & 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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