Skip to main content

ETF comparison

FREL vs XLRE

Both Real Estate.

Fidelity MSCI Real Estate Index ETF · State Street Real Estate Select Sector SPDR ETF

Holdings overlap

Weighted by ISIN/CUSIP
72.7 %

31 positions appear in both funds. Buying equal dollars of FREL and XLRE would leave roughly 72.7% of each dollar exposed to the same underlying securities.

FREL unmatched 27.0% Shared 72.7% XLRE unmatched 26.8%

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
91 positions
Shared
31 positions
In XLRE only
0 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%
XLRE

State Street Real Estate Select Sector SPDR ETF

State Street · Real Estate

76 composite / 100
Expense ratio
0.080%
Net assets
$7.65B
TTM yield
3.39%
Top-10 conc.
59.1%

Sub-score comparison

92
Cost
92
56
Tax efficiency
56
62
Liquidity
95
46
Concentration
30
—
Tracking quality
—
FREL sub-score XLRE

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 XLRE.

Top shared holdings

31 shared in total
# Holding In FREL In XLRE Overlap
1 Welltower Inc 9.08% 11.01% 9.08%
2 Prologis Inc 7.94% 8.68% 7.94%
3 Equinix Inc 5.24% 7.06% 5.24%
4 Simon Property Group Inc 4.69% 4.98% 4.69%
5 American Tower Corp 4.10% 5.23% 4.10%
6 Digital Realty Trust Inc 3.95% 4.53% 3.95%
7 Realty Income Corp 3.63% 4.55% 3.63%
8 Public Storage 3.43% 4.48% 3.43%
9 CBRE Group Inc 2.75% 4.08% 2.75%
10 Ventas Inc 2.71% 4.47% 2.71%
11 Iron Mountain Inc 2.29% 3.89% 2.29%
12 Crown Castle Inc 2.09% 3.42% 2.09%

Only in FREL

91 total
  • Jones Lang LaSalle Inc 1.07%
  • WP Carey Inc 1.03%
  • Sun Communities Inc 0.99%
  • Omega Healthcare Investors Inc 0.91%
  • Lamar Advertising Co 0.89%
  • Gaming and Leisure Properties Inc 0.78%
  • Equity LifeStyle Properties Inc 0.74%
  • American Homes 4 Rent 0.70%
  • EastGroup Properties Inc 0.69%
  • American Healthcare REIT Inc 0.65%

Only in XLRE

0 total

Every XLRE position is also held by FREL.

Percentages are holdings overlap with the named fund.

Open FREL or XLRE 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.