ETF comparison
FREL vs IYR
Both Real Estate.
Fidelity MSCI Real Estate Index ETF · iShares U.S. Real Estate ETF
Holdings overlap
57 positions appear in both funds. Buying equal dollars of FREL and IYR would leave roughly 86.4% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
FREL is 29 bps cheaper than IYR. On a $100,000 position that's about $286/yr more in fees for IYR.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FREL vs IYR.
Top shared holdings
57 shared in total| # | Holding | In FREL | In IYR | Overlap |
|---|---|---|---|---|
| 1 | Welltower Inc | 9.08% | 10.82% | 9.08% |
| 2 | Prologis Inc | 7.94% | 8.72% | 7.94% |
| 3 | Simon Property Group Inc | 4.69% | 4.77% | 4.69% |
| 4 | Equinix Inc | 5.24% | 4.55% | 4.55% |
| 5 | Digital Realty Trust Inc | 3.95% | 4.38% | 3.95% |
| 6 | American Tower Corp | 4.10% | 3.85% | 3.85% |
| 7 | Realty Income Corp | 3.63% | 4.27% | 3.63% |
| 8 | Public Storage | 3.43% | 3.72% | 3.43% |
| 9 | CBRE Group Inc | 2.75% | 2.91% | 2.75% |
| 10 | Ventas Inc | 2.71% | 3.19% | 2.71% |
| 11 | Iron Mountain Inc | 2.29% | 2.78% | 2.29% |
| 12 | Crown Castle Inc | 2.09% | 2.44% | 2.09% |
Only in FREL
65 total- American Healthcare REIT Inc 0.65%
- CareTrust REIT Inc 0.59%
- Ryman Hospitality Properties Inc 0.49%
- Compass Inc 0.47%
- Terreno Realty Corp 0.47%
- Rayonier Inc 0.42%
- Macerich Co/The 0.41%
- Essential Properties Realty Trust Inc 0.40%
- Kite Realty Group Trust 0.40%
- Phillips Edison & Co Inc 0.33%
Only in IYR
4 total- ANNALY CAPITAL MANAGEMENT, INC. 1.21%
- AGNC INVESTMENT CORP. 0.92%
- STARWOOD PROPERTY TRUST, INC. 0.42%
- RITHM CAPITAL CORP. 0.39%
Related comparisons
More comparisons with FREL
- FREL vs VNQ · Vanguard Real Estate Index Fund ETF Shares 84.6%
- FREL vs USRT · iShares Core U.S. REIT ETF 83.5%
- FREL vs RWR · State Street SPDR Dow Jones REIT ETF 75.9%
- FREL vs XLRE · State Street Real Estate Select Sector SPDR ETF 72.7%
- FREL vs REZ · iShares Residential and Multisector Real Estate ETF 33.8%
- FREL vs SCHH · Schwab U.S. REIT ETF 91.8%
More comparisons with IYR
- IYR vs XLRE · State Street Real Estate Select Sector SPDR ETF 80.0%
- IYR vs USRT · iShares Core U.S. REIT ETF 79.1%
- IYR vs RWR · State Street SPDR Dow Jones REIT ETF 74.0%
- IYR vs VNQ · Vanguard Real Estate Index Fund ETF Shares 73.8%
- IYR vs REZ · iShares Residential and Multisector Real Estate ETF 36.2%
- IYR vs SCHH · Schwab U.S. REIT ETF 86.4%
Percentages are holdings overlap with the named fund.
Open FREL or IYR at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.