XLREvsFRELETF Comparison
VS
State Street Real Estate Select Sector SPDR ETF (XLRE) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. Both ETFs have the same top 2 sector exposures: Finance and Technology. XLRE is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.084% for FREL. XLRE is up 9.23% year-to-date (YTD) with +$200M in YTD flows. FREL performs worse with 9.08% YTD performance, and +$283M in YTD flows. Run a side-by-side ETF comparison of XLRE 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
XLRE vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLRE FREL | -2.26%-2.39% | -2.68%-2.15% | +9.23%+9.08% | +7.19%+7.09% | +31.21%+30.80% | +8.09%+6.41% |
| Flows | XLRE FREL | -$228M+$22M | +$452M+$31M | +$200M+$283M | +$121M+$348M | +$2.68B+$307M | +$4.07B-$217M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLRE FREL | +14.75%+14.38% | +14.18%+13.75% | +16.98%+16.90% | +19.19%+18.95% |
| Max drawdown | XLRE FREL | -5.60%-6.13% | -8.32%-8.45% | -16.56%-17.46% | -34.12%-34.35% |
| Max drawdown duration | XLRE FREL | 43d43d | 44d44d | 441d441d | 1618d1621d |
Trading data
XLRE | FREL | |
Last sale 9/10/2026 at 1:30 PM | $43.05 | $28.54 |
| Previous close 09/09/2026 | $43.41 | $28.79 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
XLRE | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
XLRE | FREL | |
|---|---|---|
| Last price | $43.05 | $28.54 |
| 1D performance | -0.83% | -0.87% |
| AuM | $8.12 B | $1.45 B |
| E/R | 0.08% | 0.084% |
Characteristics
XLRE | FREL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Fidelity |
| Benchmark | S&P Real Estate Select Sector Index | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 31 | 121 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 7, 2015 | February 2, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
XLRE
USA
99.91%
Other
0.09%
FREL
USA
99.48%
Other
0.52%
Sectors
XLRE
Finance
98.73%
Other
1.27%
FREL
Finance
98.47%
Other
1.53%
Advertisement
Diversification
XLRE
Total weight of top 15 holdings out of 15
76.26%
FREL
Total weight of top 15 holdings out of 15
57.46%
Top 15 holdings
Data as of July 31, 2026
XLRE
Welltower, Inc.
11.11%
Prologis, Inc.
9.05%
Equinix, Inc.
6.75%
American Tower Corp.
5.42%
Simon Property Group, Inc.
4.99%
Digital Realty Trust, Inc.
4.89%
Public Storage
4.74%
Ventas, Inc.
4.60%
Realty Income Corp.
4.58%
CBRE Group, Inc.
4.35%
Iron Mountain, Inc.
3.68%
Crown Castle, Inc.
3.37%
Extra Space Storage, Inc.
3.17%
VICI Properties, Inc.
2.92%
AvalonBay Communities, Inc.
2.61%
FREL
Welltower, Inc.
9.25%
Prologis, Inc.
7.92%
Equinix, Inc.
5.21%
Simon Property Group, Inc.
4.74%
American Tower Corp.
3.98%
Digital Realty Trust, Inc.
3.96%
Realty Income Corp.
3.66%
Public Storage
3.42%
Ventas, Inc.
2.79%
CBRE Group, Inc.
2.70%
Iron Mountain, Inc.
2.30%
Crown Castle, Inc.
2.03%
Extra Space Storage, Inc.
2.01%
VICI Properties, Inc.
1.81%
AvalonBay Communities, Inc.
1.69%
Frequently asked questions about XLRE and FREL
How have the XLRE and FREL ETFs performed in 2026?
As of September 9, 2026, XLRE is up 9.23% year-to-date (YTD), while FREL has returned 9.08%. That puts XLRE better performer ahead so far this year.
Which ETF is attracting more investor money: XLRE or FREL?
Year-to-date, the XLRE ETF saw +$200M in flows, compared to +$283M for FREL.
Which ETF is more volatile: XLRE or FREL?
Over the past year, XLRE had a volatility of 14.18%, while FREL experienced 13.75%.
Which ETF is bigger: XLRE or FREL?
As of September 9, 2026, XLRE holds $8.12 B in assets under management (AUM), while FREL manages $1.45 B.
What sectors do the XLRE and FREL ETFs invest in?
XLRE leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the XLRE ETF and FREL ETF?
XLRE top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: XLRE or FREL?
XLRE holds 31 securities with 76.26% of its assets in the top 15. FREL has 122 securities and a top 15 weight of 57.46%.
Advertisement
Latest news about XLRE & FREL
Investing in Sector ETFs: Financials and Real Estate
September 11, 2024
XLRE
Exploring Sector Rotation: Value vs. Growth
August 5, 2024
XLRE
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
XLRE
FREL
Real Estate Sector Declines on Fed Minutes
May 27, 2024
XLRE
FREL
Advertisement
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
XLRE
FREL
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
XLRE
FREL
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
XLRE
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
XLRE
Advertisement
