EQR vs. FREL
Compare and contrast key facts about Equity Residential (EQR) and Fidelity MSCI Real Estate Index ETF (FREL).
FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Performance
EQR vs. FREL - Performance Comparison
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EQR vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | -3.33% | -8.57% | 20.81% | 8.34% | -32.46% | 57.33% | -23.61% | 26.16% | 7.08% | 2.19% |
FREL Fidelity MSCI Real Estate Index ETF | 1.32% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Returns By Period
In the year-to-date period, EQR achieves a -3.33% return, which is significantly lower than FREL's 1.32% return. Over the past 10 years, EQR has underperformed FREL with an annualized return of 1.76%, while FREL has yielded a comparatively higher 5.19% annualized return.
EQR
- 1D
- 0.68%
- 1M
- -4.53%
- YTD
- -3.33%
- 6M
- -4.93%
- 1Y
- -12.71%
- 3Y*
- 3.97%
- 5Y*
- -0.07%
- 10Y*
- 1.76%
FREL
- 1D
- 0.33%
- 1M
- -6.44%
- YTD
- 1.32%
- 6M
- -1.31%
- 1Y
- 1.72%
- 3Y*
- 6.41%
- 5Y*
- 2.75%
- 10Y*
- 5.19%
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Return for Risk
EQR vs. FREL — Risk / Return Rank
EQR
FREL
EQR vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equity Residential (EQR) 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.
| EQR | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.55 | 0.11 | -0.65 |
Sortino ratioReturn per unit of downside risk | -0.64 | 0.26 | -0.90 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.03 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.14 | -0.93 |
Martin ratioReturn relative to average drawdown | -1.33 | 0.56 | -1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQR | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 0.11 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.15 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.25 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.23 | +0.10 |
Correlation
The correlation between EQR and FREL is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EQR vs. FREL - Dividend Comparison
EQR's dividend yield for the trailing twelve months is around 4.67%, more than FREL's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 4.67% | 4.37% | 2.82% | 4.33% | 4.24% | 2.66% | 4.07% | 2.81% | 3.27% | 3.16% | 20.22% | 2.71% |
FREL Fidelity MSCI Real Estate Index ETF | 3.55% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
EQR vs. FREL - Drawdown Comparison
The maximum EQR drawdown since its inception was -67.40%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for EQR and FREL.
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Drawdown Indicators
| EQR | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.40% | -42.61% | -24.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -12.42% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -39.32% | -34.40% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.91% | -42.61% | -3.30% |
Current DrawdownCurrent decline from peak | -24.70% | -9.53% | -15.17% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -10.05% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 3.22% | +6.63% |
Volatility
EQR vs. FREL - Volatility Comparison
Equity Residential (EQR) has a higher volatility of 5.33% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.59%. This indicates that EQR's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQR | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.59% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 9.28% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 16.38% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 18.84% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 20.67% | +4.31% |