FREL vs. REET
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and iShares Global REIT ETF (REET).
FREL and REET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014. Both FREL and REET are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FREL or REET.
Key characteristics
| FREL | REET | |
|---|---|---|
| YTD Return | -7.09% | -5.67% |
| 1Y Return | 3.87% | 2.18% |
| 3Y Return (Ann) | -2.63% | -2.94% |
| 5Y Return (Ann) | 2.17% | 0.16% |
| Sharpe Ratio | 0.25 | 0.17 |
| Daily Std Dev | 18.71% | 17.11% |
| Max Drawdown | -42.61% | -44.59% |
| Current Drawdown | -23.39% | -21.04% |
Correlation
The correlation between FREL and REET is 0.94, 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.
Performance
FREL vs. REET - Performance Comparison
In the year-to-date period, FREL achieves a -7.09% return, which is significantly lower than REET's -5.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FREL vs. REET - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is lower than REET's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FREL vs. REET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and iShares Global REIT ETF (REET). 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.
Dividends
FREL vs. REET - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.73%, more than REET's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 3.73% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.79% | 0.00% |
REET iShares Global REIT ETF | 3.40% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.30% | 3.56% | 2.11% |
Drawdowns
FREL vs. REET - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, roughly equal to the maximum REET drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for FREL and REET. For additional features, visit the drawdowns tool.
Volatility
FREL vs. REET - Volatility Comparison
Fidelity MSCI Real Estate Index ETF (FREL) has a higher volatility of 6.06% compared to iShares Global REIT ETF (REET) at 5.63%. This indicates that FREL's price experiences larger fluctuations and is considered to be riskier than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.