CLIM vs. FREL
CLIM (Climate Global - Climate-Resilient REIT Index ETF) and FREL (Fidelity MSCI Real Estate Index ETF) are both REIT funds - CLIM tracks the Climate Global Climate-Resilient REIT Index (CLIMX) while FREL tracks the MSCI USA IMI Real Estate Index. Both are passively managed. Their correlation of 0.95 means they have usually moved in the same direction. CLIM charges 0.90%/yr vs 0.08%/yr for FREL.
Performance
CLIM vs. FREL - Performance Comparison
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Returns By Period
CLIM
- 1D
- -0.15%
- 1M
- 2.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FREL
- 1D
- -0.20%
- 1M
- 1.87%
- 6M
- 13.17%
- YTD
- 15.65%
- 1Y
- 13.40%
- 3Y*
- 10.08%
- 5Y*
- 2.75%
- 10Y*
- 5.49%
- ALL TIME*
- 5.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.25K | $5.06K | $6.36K | |
| $6.75M | $7.48M | $7.27M |
CLIM vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CLIM Climate Global - Climate-Resilient REIT Index ETF | 13.70% |
FREL Fidelity MSCI Real Estate Index ETF | 10.63% |
Correlation
The correlation between CLIM and FREL is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.95 |
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Return for Risk
CLIM vs. FREL — Risk / Return Rank
CLIM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FREL
CLIM vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Climate Global - Climate-Resilient REIT Index ETF (CLIM) and Fidelity MSCI Real Estate Index ETF (FREL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLIM | FREL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.59 | — |
| Martin ratioReturn relative to average drawdown | — | 5.03 | — |
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Drawdowns
CLIM vs. FREL - Drawdown Comparison
The maximum CLIM drawdown since its inception was -6.41%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for CLIM and FREL.
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Drawdown Indicators
| CLIM | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.41% | -42.61% | +36.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.20% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -9.84% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.68% | — |
Volatility
CLIM vs. FREL - Volatility Comparison
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Volatility by Period
| CLIM | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 14.10% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 18.92% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 20.74% | -4.84% |
CLIM vs. FREL - Expense Ratio Comparison
CLIM has a 0.90% expense ratio, which is higher than FREL's 0.08% expense ratio.
Dividends
CLIM vs. FREL - Dividend Comparison
CLIM's dividend yield for the trailing twelve months is around 1.12%, less than FREL's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIM Climate Global - Climate-Resilient REIT Index ETF | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.16% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Frequently Asked Questions
With a correlation of 0.95, CLIM and FREL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FREL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FREL is cheaper with a 0.08% expense ratio, compared with 0.90% for CLIM.
FREL has the higher dividend yield at 3.16%, compared with 1.12% for CLIM.
CLIM tracks Climate Global Climate-Resilient REIT Index (CLIMX), while FREL tracks MSCI USA IMI Real Estate Index. They also come from different issuers: Climate Global and Fidelity. Their fees differ too: 0.90% for CLIM and 0.08% for FREL.
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