ETF comparison
FRELvsUSRT
Both Real Estate.
Fidelity MSCI Real Estate Index ETF · iShares Core U.S. REIT ETF
Holdings overlap
106 positions appear in both funds. Buying equal dollars of FREL and USRT would leave roughly81.1%of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — seewhat we don't scorefor why.
Cost difference
Expense ratios are effectively identical (0.084% vs 0.080%).
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 USRT.
Top shared holdings
106 shared in total| # | Holding | In FREL | In USRT | Overlap |
|---|---|---|---|---|
| 1 | Welltower Inc | 8.60% | 8.31% | 8.31% |
| 2 | Prologis Inc | 8.19% | 7.52% | 7.52% |
| 3 | Equinix Inc | 4.72% | 6.44% | 4.72% |
| 4 | Digital Realty Trust Inc | 4.32% | 4.46% | 4.32% |
| 5 | Simon Property Group Inc | 4.28% | 4.40% | 4.28% |
| 6 | Realty Income Corp | 3.70% | 4.18% | 3.70% |
| 7 | Public Storage | 3.09% | 3.96% | 3.09% |
| 8 | Ventas Inc | 2.58% | 3.55% | 2.58% |
| 9 | Iron Mountain Inc | 2.42% | 3.19% | 2.42% |
| 10 | VICI Properties Inc | 2.04% | 2.73% | 2.04% |
| 11 | Extra Space Storage Inc | 1.99% | 2.60% | 1.99% |
| 12 | AvalonBay Communities Inc | 1.71% | 2.24% | 1.71% |
Only in FREL
22 total- American Tower Corp5.29%
- CBRE Group Inc2.75%
- Crown Castle Inc2.50%
- SBA Communications Corp1.57%
- Weyerhaeuser Co1.18%
- Jones Lang LaSalle Inc1.00%
- CoStar Group Inc0.95%
- Zillow Group Inc0.47%
- Rayonier Inc0.42%
- Opendoor Technologies Inc0.31%
Only in USRT
21 total- INNOVATIVE INDUSTRIAL PROPERTIES INC0.13%
- SERVICE PROPERTIES TRUST0.07%
- PEAKSTONE REALTY TRUST0.07%
- CTO REALTY GROWTH INC0.05%
- POSTAL REALTY TRUST INC0.05%
- UNIVERSAL HEALTH REALTY INCOME TRUST0.05%
- SUMMIT HOTEL PROPERTIES INC0.05%
- COMMUNITY HEALTHCARE TRUST INC0.04%
- CHIRON REAL ESTATE INC0.04%
- FARMLAND PARTNERS INC0.04%
Open FREL or USRT 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.