ETF comparison

FREL vs SCHH

Both Real Estate.

Fidelity MSCI Real Estate Index ETF · Schwab U.S. REIT ETF

Holdings overlap

Weighted by ISIN/CUSIP
91.2 %

107 positions appear in both funds. Buying equal dollars of FREL and SCHH would leave roughly 91.2% of each dollar exposed to the same underlying securities.

FREL only 8.8% Shared 91.2% SCHH only 8.7%
In FREL only
21 positions
Shared
107 positions
In SCHH only
10 positions

Side by side

FREL

Fidelity MSCI Real Estate Index ETF

Fidelity · Real Estate

71 composite / 100
Expense ratio
0.084%
Net assets
$1.45B
TTM yield
3.25%
Top-10 conc.
47.5%
SCHH

Schwab U.S. REIT ETF

Schwab · Real Estate

80 composite / 100
Expense ratio
0.070%
Net assets
$11.13B
TTM yield
2.75%
Top-10 conc.
50.8%

Sub-score comparison

92
Cost
93
57
Tax efficiency
57
64
Liquidity
100
46
Concentration
42
Tracking quality
FREL sub-score SCHH

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCHH is 1 bps cheaper than FREL. On a $100,000 position that's about $14/yr more in fees for FREL.

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 SCHH.

Top shared holdings

107 shared in total
# Holding In FREL In SCHH Overlap
1 Welltower Inc 8.60% 9.49% 8.60%
2 Prologis Inc 8.19% 9.08% 8.19%
3 Equinix Inc 4.72% 5.53% 4.72%
4 American Tower Corp 5.29% 4.53% 4.53%
5 Simon Property Group Inc 4.28% 4.65% 4.28%
6 Digital Realty Trust Inc 4.32% 4.07% 4.07%
7 Realty Income Corp 3.70% 4.38% 3.70%
8 Public Storage 3.09% 3.45% 3.09%
9 Ventas Inc 2.58% 2.88% 2.58%
10 Crown Castle Inc 2.50% 2.77% 2.50%
11 Iron Mountain Inc 2.42% 2.28% 2.28%
12 VICI Properties Inc 2.04% 2.29% 2.04%

Only in FREL

21 total
  • CBRE Group Inc 2.75%
  • Jones Lang LaSalle Inc 1.00%
  • CoStar Group Inc 0.95%
  • Zillow Group Inc 0.47%
  • Opendoor Technologies Inc 0.31%
  • Compass Inc 0.30%
  • St Joe Co/The 0.18%
  • State Street Global Advisors 0.17%
  • Newmark Group Inc 0.16%
  • Howard Hughes Holdings Inc 0.14%

Only in SCHH

10 total
  • Alexander & Baldwin Inc 0.11%
  • Innovative Industrial Properties Inc 0.11%
  • CTO Realty Growth Inc 0.04%
  • Farmland Partners Inc 0.04%
  • Summit Hotel Properties Inc 0.03%
  • Community Healthcare Trust Inc 0.03%
  • Chiron Real Estate Inc 0.03%
  • State Street Institutional US Government Money Market Fund 0.03%
  • Service Properties Trust 0.03%
  • SITE Centers Corp 0.02%

Open FREL or SCHH 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.