ETF comparison
FREL vs USRT
Both Real Estate.
Fidelity MSCI Real Estate Index ETF · iShares Core U.S. REIT ETF
Holdings overlap
101 positions appear in both funds. Buying equal dollars of FREL and USRT would leave roughly 83.5% 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
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 the cost calculator pre-filled with FREL vs USRT.
Top shared holdings
101 shared in total| # | Holding | In FREL | In USRT | Overlap |
|---|---|---|---|---|
| 1 | Welltower Inc | 9.08% | 9.03% | 9.03% |
| 2 | Prologis Inc | 7.94% | 7.49% | 7.49% |
| 3 | Equinix Inc | 5.24% | 6.01% | 5.24% |
| 4 | Simon Property Group Inc | 4.69% | 4.65% | 4.65% |
| 5 | Digital Realty Trust Inc | 3.95% | 4.56% | 3.95% |
| 6 | Realty Income Corp | 3.63% | 4.23% | 3.63% |
| 7 | Public Storage | 3.43% | 4.21% | 3.43% |
| 8 | Ventas Inc | 2.71% | 3.64% | 2.71% |
| 9 | Iron Mountain Inc | 2.29% | 2.91% | 2.29% |
| 10 | Extra Space Storage Inc | 1.99% | 2.50% | 1.99% |
| 11 | VICI Properties Inc | 1.79% | 2.30% | 1.79% |
| 12 | AvalonBay Communities Inc | 1.68% | 2.07% | 1.68% |
Only in FREL
21 total- American Tower Corp 4.10%
- CBRE Group Inc 2.75%
- Crown Castle Inc 2.09%
- SBA Communications Corp 1.24%
- Weyerhaeuser Co 1.16%
- Jones Lang LaSalle Inc 1.07%
- CoStar Group Inc 0.77%
- Compass Inc 0.47%
- Rayonier Inc 0.42%
- Zillow Group Inc 0.35%
Only in USRT
23 total- INNOVATIVE INDUSTRIAL PROPERTIES INC 0.13%
- JANUS LIVING INC 0.11%
- HUDSON PACIFIC PROPERTIES INC 0.06%
- CTO REALTY GROWTH INC 0.06%
- SUMMIT HOTEL PROPERTIES INC 0.06%
- NATIONAL HEALTHCARE PROPERTIES INC 0.06%
- POSTAL REALTY TRUST INC 0.05%
- CHATHAM LODGING TRUST 0.05%
- UNIVERSAL HEALTH REALTY INCOME TRUST 0.05%
- AH REALTY TRUST INC 0.04%
Related comparisons
More comparisons with FREL
- 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%
- FREL vs REZ · iShares Residential and Multisector Real Estate ETF 33.8%
- 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%
More comparisons with USRT
- USRT vs IYR · iShares U.S. Real Estate ETF 79.1%
- USRT vs VNQ · Vanguard Real Estate Index Fund ETF Shares 71.6%
- USRT vs XLRE · State Street Real Estate Select Sector SPDR ETF 69.1%
- USRT vs REZ · iShares Residential and Multisector Real Estate ETF 40.8%
- USRT vs RWR · State Street SPDR Dow Jones REIT ETF 88.2%
- USRT vs SCHH · Schwab U.S. REIT ETF 87.0%
Percentages are holdings overlap with the named fund.
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 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.