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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
91.8 %

104 positions appear in both funds. Buying equal dollars of FREL and SCHH would leave roughly 91.8% of each dollar exposed to the same underlying securities.

FREL unmatched 7.9% Shared 91.8% SCHH unmatched 8.0%

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.

In FREL only
18 positions
Shared
104 positions
In SCHH only
13 positions

Side by side

FREL

Fidelity MSCI Real Estate Index ETF

Fidelity · Real Estate

70 composite / 100
Expense ratio
0.084%
Net assets
$1.35B
TTM yield
3.45%
Top-10 conc.
47.5%
SCHH

Schwab U.S. REIT ETF

Schwab · Real Estate

80 composite / 100
Expense ratio
0.070%
Net assets
$10.56B
TTM yield
2.97%
Top-10 conc.
49.7%

Sub-score comparison

92
Cost
93
56
Tax efficiency
57
62
Liquidity
100
46
Concentration
43
—
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

104 shared in total
# Holding In FREL In SCHH Overlap
1 Welltower Inc 9.08% 9.62% 9.08%
2 Prologis Inc 7.94% 8.95% 7.94%
3 Equinix Inc 5.24% 4.88% 4.88%
4 Simon Property Group Inc 4.69% 4.47% 4.47%
5 American Tower Corp 4.10% 4.34% 4.10%
6 Digital Realty Trust Inc 3.95% 4.35% 3.95%
7 Realty Income Corp 3.63% 4.00% 3.63%
8 Public Storage 3.43% 3.40% 3.40%
9 Ventas Inc 2.71% 2.84% 2.71%
10 Iron Mountain Inc 2.29% 2.69% 2.29%
11 Crown Castle Inc 2.09% 2.82% 2.09%
12 Extra Space Storage Inc 1.99% 2.17% 1.99%

Only in FREL

18 total
  • CBRE Group Inc 2.75%
  • Jones Lang LaSalle Inc 1.07%
  • CoStar Group Inc 0.77%
  • Compass Inc 0.47%
  • Zillow Group Inc 0.35%
  • Opendoor Technologies Inc 0.21%
  • Cushman & Wakefield Ltd 0.20%
  • St Joe Co/The 0.17%
  • Newmark Group Inc 0.14%
  • Howard Hughes Holdings Inc 0.14%

Only in SCHH

13 total
  • National Storage Affiliates Trust 0.21%
  • Sila Realty Trust Inc 0.12%
  • Innovative Industrial Properties Inc 0.12%
  • Service Properties Trust 0.07%
  • Hudson Pacific Properties Inc 0.05%
  • Summit Hotel Properties Inc 0.04%
  • CTO Realty Growth Inc 0.04%
  • AH Realty Trust Inc 0.04%
  • Chiron Real Estate Inc 0.03%
  • Community Healthcare Trust Inc 0.03%

Percentages are holdings overlap with the named fund.

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.