FREL vs VNQ
Fidelity MSCI Real Estate Index ETF against Vanguard Real Estate ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
84%
121 shared positions
Fee gap
5 bp
FREL is cheaper
1-year return gap
0.3 pts
VNQ is ahead
Larger fund
VNQ
$35.8B
Side by side
| FREL | VNQ | |
|---|---|---|
| Fund | Fidelity MSCI Real Estate Index ETF | Vanguard Real Estate ETF |
| Issuer | Fidelity | Vanguard |
| Category | Real Estate | Real Estate |
| Expense ratio | 0.08% | 0.13% |
| Assets | $1.4B | $35.8B |
| Average daily dollar volume | $10M | $394M |
| Listed | Feb 2, 2015 | Sep 23, 2004 |
| FrenzyCap score | 78 | 84 |
| 1-month return | −3.7% | −3.7% |
| 3-month return | −7.5% | −7.3% |
| Year to date | +2.2% | +2.4% |
| 1-year return | +0.7% | +1.0% |
| 30-day volatility | 12.2% | 12.6% |
| Worst drawdown, 1 year | −12.3% | −12.1% |
| Trailing 12-month yield | 3.54% | 3.76% |
| Holdings | 129 | 153 |
| Top 10 weight | 47.5% | 54.9% |
| Look-through P/E | 35.6 | 36.2 |
| Holdings vs fair value | +12.0% | +11.6% |
| Holdings above 200-day average | 30% | 33% |
| Net flow, latest 3 reported months | +$8.9M thru Jul 2026 | +$974M thru Jul 2026 |
| 30-day implied volatility | 30.5% | 15.3% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Jul 31, 2026SEC filing |
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
99% of FREL · 85% of VNQ| Holding | FREL | VNQ |
|---|---|---|
| WELL | 8.60% | 8.51% |
| PLD | 8.19% | 7.01% |
| EQIX | 4.72% | 5.23% |
| AMT | 5.29% | 4.20% |
| SPG | 4.28% | 3.88% |
| DLR | 4.32% | 3.37% |
| O | 3.70% | 3.08% |
| PSA | 3.09% | 2.83% |
| VTR | 2.58% | 2.31% |
| CBRE | 2.75% | 2.25% |
| IRM | 2.42% | 1.89% |
| CCI | 2.50% | 1.73% |
| EXR | 1.99% | 1.63% |
| VICI | 2.04% | 1.37% |
| AVB | 1.71% | 1.34% |
| EQR | 1.48% | 1.17% |
| SBAC | 1.56% | 1.00% |
| ESS | 1.11% | 0.95% |
| WY | 1.18% | 0.94% |
| HST | 0.98% | 0.90% |
| KIM | 1.05% | 0.89% |
| JLL | 1.00% | 0.87% |
| WPC | 1.05% | 0.84% |
| INVH | 1.12% | 0.83% |
| MAA | 0.99% | 0.80% |
Sector mix of the stock holdings
| Sector | FREL | VNQ | Gap |
|---|---|---|---|
| Real Estate | 97.6% | 83.6% | +14.0% |
| Industrials | 1.4% | 1.0% | +0.4% |
| Consumer Discretionary | 0.4% | 0.4% | +0.0% |
| Financials | 0.1% | 0.1% | +0.0% |
More: full overlap table · FREL holdings · VNQ 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.