HAUZ vs. FREL

Last updated Jun 4, 2026

HAUZ (Xtrackers International Real Estate ETF) and FREL (Fidelity MSCI Real Estate Index ETF) are both REIT funds - HAUZ tracks the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index while FREL tracks the MSCI USA IMI Real Estate Index. Both are passively managed. Over the past 10 years, HAUZ returned 3.62%/yr vs 5.67%/yr for FREL. A 0.51 correlation means they provide meaningful diversification when combined. HAUZ charges 0.10%/yr vs 0.08%/yr for FREL.

Performance

HAUZ vs. FREL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers International Real Estate ETF (HAUZ) and Fidelity MSCI Real Estate Index ETF (FREL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAUZ achieves a -2.64% return, which is significantly lower than FREL's 7.59% return. Over the past 10 years, HAUZ has underperformed FREL with an annualized return of 3.62%, while FREL has yielded a comparatively higher 5.67% annualized return.

HAUZ

• 1D: -1.44%
• 1M: -4.21%
• YTD: -2.64%
• 6M: -1.65%
• 1Y: 5.96%
• 3Y*: 7.04%
• 5Y*: -1.54%
• 10Y*: 3.62%

FREL

• 1D: -0.14%
• 1M: -1.00%
• YTD: 7.59%
• 6M: 6.51%
• 1Y: 9.81%
• 3Y*: 9.05%
• 5Y*: 2.09%
• 10Y*: 5.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HAUZ vs. FREL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HAUZ Xtrackers International Real Estate ETF	-2.64%	22.70%	-5.44%	6.29%	-22.24%	9.82%	-6.23%	20.89%	-9.12%	27.52%
FREL Fidelity MSCI Real Estate Index ETF	7.59%	3.09%	5.05%	11.74%	-26.21%	40.46%	-4.99%	28.78%	-4.52%	8.86%

Correlation

The correlation between HAUZ and FREL is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 6, 2015	0.51

The correlation between HAUZ and FREL shifts across timeframes, from 0.51 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.

HAUZ vs. FREL - Sectors Allocation Comparison

Sectors	HAUZ	FREL
Real Estate	96.5%	97.6%
Industrials	1.3%	-
Communication Services	1.2%	0.4%
Consumer Cyclical	0.3%	-
Financial Services	0.3%	0.0%
Utilities	0.1%	-
Technology	0.1%	0.3%
Basic Materials	0.1%	1.2%
Healthcare	0.0%	-
Energy	0.0%	0.1%
Consumer Defensive	0.0%	-

Return for Risk

HAUZ vs. FREL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAUZ

HAUZ Risk / Return Rank: 15
HAUZ Sharpe Ratio Rank: 15
HAUZ Sortino Ratio Rank: 15
HAUZ Omega Ratio Rank: 15
HAUZ Calmar Ratio Rank: 14
HAUZ Martin Ratio Rank: 15

FREL

FREL Risk / Return Rank: 22
FREL Sharpe Ratio Rank: 21
FREL Sortino Ratio Rank: 20
FREL Omega Ratio Rank: 20
FREL Calmar Ratio Rank: 24
FREL Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAUZ vs. FREL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers International Real Estate ETF (HAUZ) 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.

	HAUZ	FREL	Difference
Sharpe ratio: Return per unit of total volatility	0.43	0.75	-0.31
Sortino ratio: Return per unit of downside risk	0.71	1.10	-0.38
Omega ratio: Gain probability vs. loss probability	1.09	1.14	-0.05
Calmar ratio: Return relative to maximum drawdown	0.43	1.17	-0.74
Martin ratio: Return relative to average drawdown	1.28	3.67	-2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAUZ vs. FREL - Sharpe Ratio Comparison

The current HAUZ Sharpe Ratio is 0.43, which is lower than the FREL Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of HAUZ and FREL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HAUZ	FREL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.75	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.11	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.28	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.25	-0.08

Drawdowns

HAUZ vs. FREL - Drawdown Comparison

The maximum HAUZ drawdown since its inception was -39.51%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for HAUZ and FREL.

Drawdown Indicators

	HAUZ	FREL	Difference
Max Drawdown Largest peak-to-trough decline	-39.51%	-42.61%	+3.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-8.45%	-5.63%
Max Drawdown (3Y) Largest decline over 3 years	-17.88%	-17.54%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	-34.40%	-0.12%
Max Drawdown (10Y) Largest decline over 10 years	-39.51%	-42.61%	+3.10%
Current Drawdown Current decline from peak	-11.73%	-3.93%	-7.80%
Average Drawdown Average peak-to-trough decline	-11.75%	-9.95%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	2.68%	+1.97%

Volatility

HAUZ vs. FREL - Volatility Comparison

Xtrackers International Real Estate ETF (HAUZ) has a higher volatility of 4.73% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 3.75%. This indicates that HAUZ'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.

Volatility by Period

	HAUZ	FREL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	3.75%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	9.27%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	13.17%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	18.84%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	20.67%	-3.70%

HAUZ vs. FREL - Expense Ratio Comparison

HAUZ has a 0.10% expense ratio, which is higher than FREL's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HAUZ vs. FREL - Dividend Comparison

HAUZ's dividend yield for the trailing twelve months is around 4.58%, more than FREL's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FREL Fidelity MSCI Real Estate Index ETF	3.34%	3.59%	3.48%	3.73%	3.57%	2.34%	3.77%	3.32%	5.54%	3.27%	4.01%	3.80%
HAUZ Xtrackers International Real Estate ETF	4.58%	4.46%	4.50%	3.50%	1.99%	4.84%	3.37%	3.69%	1.93%	2.59%	2.18%	9.42%

Frequently Asked Questions

Can I hold both HAUZ and FREL in my portfolio?

HAUZ and FREL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAUZ or FREL?

HAUZ has higher volatility (4.73%) compared to FREL (3.75%). In terms of maximum drawdown, HAUZ dropped -39.51% vs FREL's -42.61%.

Which ETF is better, HAUZ or FREL?

On 10-year performance, FREL leads with 5.67% vs 3.62% for HAUZ. On fees, FREL is cheaper at 0.08% per year. On volatility, FREL has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAUZ or FREL?

Over the 10-year period, FREL has performed better with a 5.67% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAUZ or FREL?

FREL is cheaper with a 0.08% expense ratio, compared with 0.10% for HAUZ.

Which ETF pays a higher dividend yield, HAUZ or FREL?

HAUZ has the higher dividend yield at 4.58%, compared with 3.34% for FREL.

What is the main difference between HAUZ and FREL?

HAUZ tracks iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, while FREL tracks MSCI USA IMI Real Estate Index. They also come from different issuers: DWS and Fidelity. Their fees differ too: 0.10% for HAUZ and 0.08% for FREL.

Which has better risk-adjusted returns?

FREL currently has the higher Sharpe Ratio (0.75 vs 0.43), 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.