FDRV vs. FREL
FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and FREL (Fidelity MSCI Real Estate Index ETF) are both exchange-traded funds - FDRV is a Technology Equities fund actively managed by Fidelity, while FREL is a REIT fund tracking the MSCI USA IMI Real Estate Index. FDRV is actively managed, while FREL is passively managed. Over the past 3 years, FDRV returned -2.81%/yr vs 10.31%/yr for FREL. Their 0.48 correlation means their historical movements had little consistent relationship. FDRV charges 0.39%/yr vs 0.08%/yr for FREL.
Performance
FDRV vs. FREL - Performance Comparison
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Returns By Period
In the year-to-date period, FDRV achieves a 9.64% return, which is significantly lower than FREL's 13.99% return.
FDRV
- 1D
- 0.74%
- 1M
- -5.30%
- 6M
- 8.32%
- YTD
- 9.64%
- 1Y
- 21.47%
- 3Y*
- -2.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -6.71%
FREL
- 1D
- 0.13%
- 1M
- 1.01%
- 6M
- 12.32%
- YTD
- 13.99%
- 1Y
- 15.37%
- 3Y*
- 10.31%
- 5Y*
- 2.52%
- 10Y*
- 5.52%
- ALL TIME*
- 5.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.45K | $140.01K | $198.80K | |
| $5.93M | $7.27M | $7.17M |
FDRV vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 9.64% | 24.32% | -21.73% | 12.27% | -44.23% | 7.10% |
FREL Fidelity MSCI Real Estate Index ETF | 13.99% | 3.09% | 5.05% | 11.74% | -26.21% | 12.98% |
Correlation
The correlation between FDRV and FREL is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.48 |
Over the past year, the correlation between FDRV and FREL has dropped to 0.16 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
FDRV vs. FREL — Risk / Return Rank
FDRV
FREL
FDRV vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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.
| FDRV | FREL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.83 | -0.68 |
| Martin ratioReturn relative to average drawdown | 2.98 | 5.90 | -2.91 |
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Drawdowns
FDRV vs. FREL - Drawdown Comparison
The maximum FDRV drawdown since its inception was -63.89%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FDRV and FREL.
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Drawdown Indicators
| FDRV | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.89% | -42.61% | -21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -18.84% | -8.45% | -10.39% |
Max Drawdown (3Y)Largest decline over 3 years | -45.42% | -17.54% | -27.88% |
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 | -39.34% | -1.88% | -37.46% |
Average DrawdownAverage peak-to-trough decline | -42.10% | -9.82% | -32.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 2.61% | +4.61% |
Volatility
FDRV vs. FREL - Volatility Comparison
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 7.75% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.30%. This indicates that FDRV'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
| FDRV | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 4.30% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.53% | 10.70% | +11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.71% | 13.83% | +13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.16% | 18.93% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 20.73% | +11.43% |
FDRV vs. FREL - Expense Ratio Comparison
FDRV has a 0.39% expense ratio, which is higher than FREL's 0.08% expense ratio.
Dividends
FDRV vs. FREL - Dividend Comparison
FDRV's dividend yield for the trailing twelve months is around 1.30%, less than FREL's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 1.30% | 1.14% | 0.43% | 0.24% | 0.33% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.21% | 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
FDRV and FREL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDRV has higher volatility (7.75%) compared to FREL (4.30%). In terms of maximum drawdown, FDRV dropped -63.89% vs FREL's -42.61%.
On 3-year performance, FREL leads with 10.31% vs -2.81% for FDRV. On fees, FREL is cheaper at 0.08% per year. On volatility, FREL has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FREL has performed better with a 10.31% return vs -2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FREL is cheaper with a 0.08% expense ratio, compared with 0.39% for FDRV.
FREL has the higher dividend yield at 3.21%, compared with 1.30% for FDRV.
FDRV is categorized as Technology Equities, while FREL is REIT. Their fees differ too: 0.39% for FDRV and 0.08% for FREL.
FREL currently has the higher Sharpe Ratio (1.12 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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