ETF comparison
FREL vs REZ
Both Real Estate.
Fidelity MSCI Real Estate Index ETF · iShares Residential and Multisector Real Estate ETF
Holdings overlap
31 positions appear in both funds. Buying equal dollars of FREL and REZ would leave roughly 33.8% 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 40 bps cheaper than REZ. On a $100,000 position that's about $396/yr more in fees for REZ.
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 REZ.
Top shared holdings
31 shared in total| # | Holding | In FREL | In REZ | Overlap |
|---|---|---|---|---|
| 1 | Welltower Inc | 9.08% | 23.52% | 9.08% |
| 2 | Public Storage | 3.43% | 9.05% | 3.43% |
| 3 | Ventas Inc | 2.71% | 7.74% | 2.71% |
| 4 | Extra Space Storage Inc | 1.99% | 5.48% | 1.99% |
| 5 | AvalonBay Communities Inc | 1.68% | 4.26% | 1.68% |
| 6 | Equity Residential | 1.46% | 4.27% | 1.46% |
| 7 | Essex Property Trust Inc | 1.16% | 3.83% | 1.16% |
| 8 | Invitation Homes Inc | 1.12% | 3.67% | 1.12% |
| 9 | Sun Communities Inc | 0.99% | 3.00% | 0.99% |
| 10 | Healthpeak Properties Inc | 0.99% | 3.04% | 0.99% |
| 11 | Mid-America Apartment Communities Inc | 0.99% | 3.30% | 0.99% |
| 12 | Omega Healthcare Investors Inc | 0.91% | 2.91% | 0.91% |
Only in FREL
91 total- Prologis Inc 7.94%
- Equinix Inc 5.24%
- Simon Property Group Inc 4.69%
- American Tower Corp 4.10%
- Digital Realty Trust Inc 3.95%
- Realty Income Corp 3.63%
- CBRE Group Inc 2.75%
- Iron Mountain Inc 2.29%
- Crown Castle Inc 2.09%
- VICI Properties Inc 1.79%
Only in REZ
8 total- NATIONAL STORAGE AFFILIATES TRUST 0.65%
- SILA REALTY TRUST INC 0.34%
- JANUS LIVING INC 0.27%
- NATIONAL HEALTHCARE PROPERTIES INC 0.13%
- UNIVERSAL HEALTH REALTY INCOME TRUST 0.11%
- COMMUNITY HEALTHCARE TRUST INC 0.10%
- CHIRON REAL ESTATE INC 0.10%
- BRT APARTMENT CORP 0.03%
Related comparisons
More comparisons with FREL
- FREL vs SCHH · Schwab U.S. REIT ETF 91.8%
- FREL vs IYR · iShares U.S. Real Estate ETF 86.4%
- 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%
More comparisons with REZ
- REZ vs VNQ · Vanguard Real Estate Index Fund ETF Shares 28.6%
- REZ vs RWR · State Street SPDR Dow Jones REIT ETF 46.0%
- REZ vs USRT · iShares Core U.S. REIT ETF 40.8%
- REZ vs XLRE · State Street Real Estate Select Sector SPDR ETF 38.4%
- REZ vs IYR · iShares U.S. Real Estate ETF 36.2%
- REZ vs SCHH · Schwab U.S. REIT ETF 36.0%
Percentages are holdings overlap with the named fund.
Open FREL or REZ 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.