FREL vs. FRT
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and Federal Realty Investment Trust (FRT).
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
FREL vs. FRT - Performance Comparison
Loading graphics...
FREL vs. FRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRT Federal Realty Investment Trust | 7.56% | -5.91% | 12.07% | 6.55% | -22.66% | 65.97% | -30.66% | 12.51% | -8.10% | -3.59% |
Returns By Period
In the year-to-date period, FREL achieves a 1.32% return, which is significantly lower than FRT's 7.56% return. Over the past 10 years, FREL has outperformed FRT with an annualized return of 5.19%, while FRT has yielded a comparatively lower -0.11% annualized return.
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%
FRT
- 1D
- 0.93%
- 1M
- -2.85%
- YTD
- 7.56%
- 6M
- 8.81%
- 1Y
- 14.37%
- 3Y*
- 6.93%
- 5Y*
- 4.70%
- 10Y*
- -0.11%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FREL vs. FRT — Risk / Return Rank
FREL
FRT
FREL vs. FRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Federal Realty Investment Trust (FRT). 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.
| FREL | FRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 0.66 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.26 | 1.09 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.94 | -0.79 |
Martin ratioReturn relative to average drawdown | 0.56 | 3.71 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FREL | FRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.66 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.20 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | -0.00 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.40 | -0.17 |
Correlation
The correlation between FREL and FRT is 0.78, 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
FREL vs. FRT - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.55%, less than FRT's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRT Federal Realty Investment Trust | 4.23% | 4.39% | 2.93% | 4.21% | 4.26% | 3.12% | 4.96% | 3.22% | 3.42% | 2.98% | 2.70% | 2.48% |
Drawdowns
FREL vs. FRT - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, smaller than the maximum FRT drawdown of -57.42%. Use the drawdown chart below to compare losses from any high point for FREL and FRT.
Loading graphics...
Drawdown Indicators
| FREL | FRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -57.42% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -15.66% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -34.40% | -34.99% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -56.47% | +13.86% |
Current DrawdownCurrent decline from peak | -9.53% | -9.34% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -11.81% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.96% | -0.74% |
Volatility
FREL vs. FRT - Volatility Comparison
The current volatility for Fidelity MSCI Real Estate Index ETF (FREL) is 4.59%, while Federal Realty Investment Trust (FRT) has a volatility of 5.47%. This indicates that FREL experiences smaller price fluctuations and is considered to be less risky than FRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FREL | FRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.47% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 11.85% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 21.90% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 23.43% | -4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 29.41% | -8.74% |