FREL vs IYR
Fidelity MSCI Real Estate Index ETF against iShares U.S. Real Estate ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
83%
52 shared positions
Fee gap
29 bp
FREL is cheaper
1-year return gap
0.1 pts
IYR is ahead
Larger fund
IYR
$4.1B
Side by side
| FREL | IYR | |
|---|---|---|
| Fund | Fidelity MSCI Real Estate Index ETF | iShares U.S. Real Estate ETF |
| Issuer | Fidelity | iShares |
| Category | Real Estate | Real Estate |
| Expense ratio | 0.08% | 0.37% |
| Assets | $1.4B | $4.1B |
| Average daily dollar volume | $10M | $603M |
| Listed | Feb 2, 2015 | Jun 12, 2000 |
| FrenzyCap score | 78 | 74 |
| 1-month return | −3.7% | −3.9% |
| 3-month return | −7.5% | −7.5% |
| Year to date | +2.2% | +2.4% |
| 1-year return | +0.7% | +0.8% |
| 30-day volatility | 12.2% | 12.3% |
| Worst drawdown, 1 year | −12.3% | −12.5% |
| Trailing 12-month yield | 3.54% | 2.48% |
| Holdings | 129 | 62 |
| Top 10 weight | 47.5% | 52.7% |
| Look-through P/E | 35.6 | 29.2 |
| Holdings vs fair value | +12.0% | +11.7% |
| Holdings above 200-day average | 30% | 28% |
| Net flow, latest 3 reported months | +$8.9M thru Jul 2026 | +$387M thru Jun 2026 |
| 30-day implied volatility | 30.5% | 18.8% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
84% of FREL · 93% of IYR| Holding | FREL | IYR |
|---|---|---|
| WELL | 8.60% | 10.00% |
| PLD | 8.19% | 9.25% |
| EQIX | 4.72% | 4.78% |
| AMT | 5.29% | 4.64% |
| DLR | 4.32% | 4.61% |
| SPG | 4.28% | 4.57% |
| O | 3.70% | 4.13% |
| PSA | 3.09% | 3.87% |
| CBRE | 2.75% | 3.01% |
| VTR | 2.58% | 3.38% |
| IRM | 2.42% | 2.71% |
| CCI | 2.50% | 2.36% |
| VICI | 2.04% | 2.02% |
| EXR | 1.99% | 2.27% |
| SBAC | 1.56% | 1.45% |
| INVH | 1.12% | 1.15% |
| ESS | 1.11% | 1.39% |
| WY | 1.18% | 1.11% |
| SUI | 1.06% | 1.10% |
| WPC | 1.05% | 1.16% |
| KIM | 1.05% | 1.19% |
| JLL | 1.00% | 1.12% |
| MAA | 0.99% | 1.09% |
| HST | 0.98% | 1.24% |
| CSGP | 0.95% | 0.97% |
Sector mix of the stock holdings
| Sector | FREL | IYR | Gap |
|---|---|---|---|
| Real Estate | 97.6% | 98.0% | −0.4% |
| Industrials | 1.4% | 1.4% | −0.0% |
| Consumer Discretionary | 0.4% | 0.0% | +0.4% |
| Financials | 0.1% | 0.0% | +0.1% |
More: full overlap table · FREL holdings · IYR holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.