ETF comparison

FRELvsRWR

Both Real Estate.

Fidelity MSCI Real Estate Index ETF · State Street SPDR Dow Jones REIT ETF

Holdings overlap

Weighted by ISIN/CUSIP
73.9%

90 positions appear in both funds. Buying equal dollars of FREL and RWR would leave roughly73.9%of each dollar exposed to the same underlying securities.

FREL only 26.0%Shared 73.9%RWR only 25.2%
In FREL only
38 positions
Shared
90 positions
In RWR only
10 positions

Side by side

FREL

Fidelity MSCI Real Estate Index ETF

Fidelity · Real Estate

71composite / 100
Expense ratio
0.084%
Net assets
$1.48B
TTM yield
3.38%
Top-10 conc.
47.5%
RWR

State Street SPDR Dow Jones REIT ETF

State Street · Real Estate

64composite / 100
Expense ratio
0.25%
Net assets
$1.85B
TTM yield
3.45%
Top-10 conc.
51.4%

Sub-score comparison

92
Cost
75
56
Tax efficiency
56
64
Liquidity
68
46
Concentration
41
Tracking quality
FRELsub-scoreRWR

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

FREL is 17 bps cheaper than RWR. On a $100,000 position that's about $166/yr more in fees for RWR.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with FREL vs RWR.

Top shared holdings

90 shared in total
#HoldingIn FRELIn RWROverlap
1Welltower Inc8.60%10.57%8.60%
2Prologis Inc8.19%9.15%8.19%
3Equinix Inc4.72%4.45%4.45%
4Digital Realty Trust Inc4.32%4.40%4.32%
5Simon Property Group Inc4.28%4.66%4.28%
6Realty Income Corp3.70%4.42%3.70%
7Public Storage3.09%4.36%3.09%
8Ventas Inc2.58%4.06%2.58%
9Extra Space Storage Inc1.99%2.88%1.99%
10AvalonBay Communities Inc1.71%2.46%1.71%
11Equity Residential1.48%2.18%1.48%
12Invitation Homes Inc1.12%1.55%1.12%

Only in FREL

38 total
  • American Tower Corp5.29%
  • CBRE Group Inc2.75%
  • Crown Castle Inc2.50%
  • Iron Mountain Inc2.42%
  • VICI Properties Inc2.04%
  • SBA Communications Corp1.57%
  • Weyerhaeuser Co1.18%
  • Jones Lang LaSalle Inc1.00%
  • CoStar Group Inc0.95%
  • Gaming and Leisure Properties Inc0.87%

Only in RWR

10 total
  • Innovative Industrial Properties Inc0.17%
  • Service Properties Trust0.10%
  • Summit Hotel Properties Inc0.07%
  • Universal Health Realty Income Trust0.05%
  • State Street Global Advisors0.05%
  • Community Healthcare Trust Inc0.04%
  • Chiron Real Estate Inc0.04%
  • Fermi Inc0.03%
  • SITE Centers Corp0.02%
  • NET Lease Office Properties0.02%

Open FREL or RWR 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 methodologyand 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.