Fidelity MSCI Real Estate Index ETF (FREL) belongs to the REIT category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FREL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FREL
FREL charges 0.08% annually. There is 1 ETF in the REIT category with a lower expense ratio, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab US REIT ETF | 0.07% | 11.48B | Jan 2011 | FREL vs SCHH | |
| iShares Core U.S. REIT ETF | 0.08% | 4.66B | May 2007 | FREL vs USRT | |
| Xtrackers International Real Estate ETF | 0.10% | 1.08B | Oct 2013 | FREL vs HAUZ | |
| JPMorgan BetaBuilders MSCI US REIT ETF | 0.11% | 1.29B | Jun 2018 | FREL vs BBRE | |
| Vanguard Global ex-U.S. Real Estate ETF | 0.12% | 3.70B | Nov 2010 | FREL vs VNQI |
Best Risk-Adjusted Alternatives to FREL
FREL has a PortfoliosLab risk / return rank of 37. There are 39 ETFs in the REIT category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Real Asset Income ETF | 86 | 18.54M | Feb 2019 | FREL vs VRAI | |
| Global X Data Center & Digital Infrastructure ETF | 70 | 2.30B | Oct 2020 | FREL vs DTCR | |
| Janus Henderson U.S. Real Estate ETF | 68 | 4.21M | Jun 2021 | FREL vs JRE | |
| State Street SPDR Dow Jones REIT ETF | 67 | 2.00B | Apr 2001 | FREL vs RWR | |
| First Trust S&P REIT Index Fund | 65 | 200.72M | May 2007 | FREL vs FRI |
Top Performing FREL Alternatives (YTD)
FREL is at 13.87% YTD. There are 36 ETFs in the REIT category with higher YTD returns, going as high as 34.14%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | 34.14% | 2.30B | Oct 2020 | FREL vs DTCR | |
| Direxion Daily Real Estate Bull 3x Shares | 33.42% | 45.85M | Jul 2009 | FREL vs DRN | |
| Invesco KBW Premium Yield Equity REIT ETF | 23.45% | 314.06M | Dec 2010 | FREL vs KBWY | |
| ProShares Ultra Real Estate | 23.33% | 59.95M | Jan 2007 | FREL vs URE | |
| Virtus Real Asset Income ETF | 22.22% | 18.54M | Feb 2019 | FREL vs VRAI |
Lowest Volatility Alternatives to FREL
FREL has 13.77% 1-year volatility. There are 28 ETFs in the REIT category with lower 1-year volatility, going as low as 8.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| InfraCap REIT Preferred ETF | 8.07% | 120.46M | Feb 2017 | FREL vs PFFR | |
| NEOS Real Estate High Income ETF | 10.61% | 306.72M | Jan 2025 | FREL vs IYRI | |
| IQ CBRE Real Assets ETF | 10.79% | 6.79M | May 2023 | FREL vs IQRA | |
| State Street Real Estate Select Sector SPDR Premiu... | 10.98% | 2.87M | Jul 2025 | FREL vs XLRI | |
| Cambria Global Real Estate ETF | 11.49% | 67.21M | Sep 2020 | FREL vs BLDG |
Lowest Drawdown Alternatives to FREL
FREL has a 1-year max drawdown of -8.45%. There are 24 ETFs in the REIT category with shallower 1-year drawdowns, going as shallow as -4.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Real Asset Income ETF | -4.82% | 18.54M | Feb 2019 | FREL vs VRAI | |
| InfraCap REIT Preferred ETF | -6.57% | 120.46M | Feb 2017 | FREL vs PFFR | |
| State Street Real Estate Select Sector SPDR Premiu... | -7.12% | 2.87M | Jul 2025 | FREL vs XLRI | |
| Janus Henderson U.S. Real Estate ETF | -7.14% | 4.21M | Jun 2021 | FREL vs JRE | |
| ALPS Active REIT ETF | -7.35% | 58.29M | Feb 2021 | FREL vs REIT |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 58 | 27.43% | 20.96B | Oct 2013 | FREL vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 79 | 14.74% | 9.74B | Sep 2016 | FREL vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -25.99% | 10.22B | Jan 2024 | FREL vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 27 | 0.43% | 26.62B | Oct 2014 | FREL vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 52 | 14.38% | 10.69B | Sep 2003 | FREL vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 43 | 14.26% | 6.97B | Jun 2020 | FREL vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 79 | 15.23% | 7.88B | Apr 2007 | FREL vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 15 | 3.30% | 2.35B | Oct 2013 | FREL vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 4 | -35.56% | 750.93M | Jul 2024 | FREL vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 33 | 6.60% | 5.65B | Nov 2023 | FREL vs FELG |
Often Compared With FREL
Investors most often compare FREL with VNQ, FSRNX, FPRO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FREL with Any Fund or Stock
Compare FREL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FREL with funds that move differently
Fidelity MSCI Real Estate Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FREL.
Explore FREL Diversifiers