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USRTvsFRELETF Comparison

ETF 1

USRT

iShares Core U.S. REIT ETF

This fund is part of

US Real Estate

-0.2%

Full USRT fund page

VS

ETF 2

FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of

US Real Estate

-0.2%

Full FREL fund page

iShares Core U.S. REIT ETF (USRT) 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. Both USRT and FREL have the same Total Expense Ratio (TER) of 0.08%. USRT is up 12.18% year-to-date (YTD) with +$30M in YTD flows. FREL performs worse with 8.78% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of USRT 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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USRT vs FREL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USRT FREL	+8.43%+7.88%	+9.91%+6.29%	+12.18%+8.78%	+18.42%+13.99%	+39.57%+31.01%	+31.86%+17.75%
Flows	USRT FREL	+$11M-$15M	+$128M+$2M	+$30M+$252M	+$453M+$303M	+$1.18B+$168M	+$1.27B+$98M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USRT FREL	+14.85%+14.82%	+13.54%+13.41%	+17.10%+16.99%	+18.95%+18.91%
Max drawdown	USRT FREL	-8.02%-8.45%	-8.02%-8.45%	-18.73%-17.46%	-30.96%-34.35%
Max drawdown duration	USRT FREL	44d44d	44d44d	434d441d	985d1572d

Trading data

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	USRT	FREL
Last sale 4/24/2026 at 1:30 PM	$63.68	$28.90
Previous close 04/23/2026	$63.81	$28.96
Consolidated volume 04/23/2026
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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	USRT	FREL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/24/2026 at 1:30 PM

Live

Closed

	USRT	FREL
Last price	$63.68	$28.90
1D performance	-0.20%	-0.22%
AuM	$3.71 B	$1.43 B
E/R	0.08%	0.08%

Characteristics

	USRT	FREL
Management strategy	Passive	Passive
Provider	iShares	Fidelity
Benchmark	FTSE Nareit Equity REITs 40 Act Capped Index	MSCI USA IMI Real Estate 25/25 Index
N° of holdings	110	113
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 1, 2007	February 2, 2015
ESG	No	No

More USRT data on Trackinsight

More FREL data on Trackinsight

Exposure

Countries

USRT

USA

99.53%

Other

0.47%

FREL

USA

99.19%

Other

0.81%

Sectors

USRT

Real Estate

96.01%

Other

3.99%

FREL

Real Estate

95.17%

Other

4.83%

Diversification

USRT

Total weight of top 15 holdings out of 15

58.55%

FREL

Total weight of top 15 holdings out of 15

57.23%

Top 15 holdings

Data as of March 31, 2026

USRT

WELLTOWER INC

8.38%

PROLOGIS REIT

7.83%

EQUINIX INC COMMON STOCK REIT

6.54%

DIGITAL REALTY REIT

4.63%

SIMON PROPERTY GROUP REIT

4.57%

REALTY INCOME REIT

4.30%

PUBLIC STORAGE REIT

3.77%

VENTAS REIT

3.52%

IRON MOUNTAIN

2.75%

VICI PROPERTIES INC

2.68%

EXTRA SPACE STORAGE REIT

2.54%

AVALONBAY COMMUNITIES REIT

2.14%

EQUITY RESIDENTIAL REIT

2.06%

SUN COMMUNITIES REIT

1.42%

ESSEX PROPERTY REIT

1.42%

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 USRT and FREL

How have the USRT and FREL ETFs performed in 2026?

As of April 24, 2026, USRT is up 12.18% year-to-date (YTD), while FREL has returned 8.78%. That puts USRT better performer ahead so far this year.

Which ETF is attracting more investor money: USRT or FREL?

Year-to-date, the USRT ETF saw +$30M in flows, compared to +$252M for FREL.

Which ETF is more volatile: USRT or FREL?

Over the past year, USRT had a volatility of 13.54%, while FREL experienced 13.41%.

Which ETF is bigger: USRT or FREL?

As of April 24, 2026, USRT holds $3.71 B in assets under management (AUM), while FREL manages $1.43 B.

What sectors do the USRT and FREL ETFs invest in?

USRT leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.

What are the top holdings of the USRT ETF and FREL ETF?

USRT top holdings include WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: USRT or FREL?

USRT holds 128 securities with 58.55% of its assets in the top 15. FREL has 127 securities and a top 15 weight of 57.23%.

Two Ways to Get Real Estate Income with ETFs

August 2, 2024

USRT

FREL

USRTvsFRELETF Comparison

iShares Core U.S. REIT ETF

Fidelity MSCI Real Estate Index ETF

USRT vs FREL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the USRT and FREL ETFs performed in 2026?

As of April 24, 2026, USRT is up 12.18% year-to-date (YTD), while FREL has returned 8.78%. That puts USRT better performer ahead so far this year.

Which ETF is attracting more investor money: USRT or FREL?

Year-to-date, the USRT ETF saw +$30M in flows, compared to +$252M for FREL.

Which ETF is more volatile: USRT or FREL?

Over the past year, USRT had a volatility of 13.54%, while FREL experienced 13.41%.

Which ETF is bigger: USRT or FREL?

As of April 24, 2026, USRT holds $3.71 B in assets under management (AUM), while FREL manages $1.43 B.

What sectors do the USRT and FREL ETFs invest in?

USRT leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.

What are the top holdings of the USRT ETF and FREL ETF?

USRT top holdings include WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT. FREL holds in its top three: WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: USRT or FREL?

USRT holds 128 securities with 58.55% of its assets in the top 15. FREL has 127 securities and a top 15 weight of 57.23%.

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