NURE vs. FREL
Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and Fidelity MSCI Real Estate Index ETF (FREL).
NURE and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. 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. Both NURE and FREL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NURE vs. FREL - Performance Comparison
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NURE vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | -2.11% | -7.51% | 6.65% | 13.09% | -28.48% | 53.41% | -7.24% | 25.10% | 0.02% | 8.41% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 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, NURE achieves a -2.11% return, which is significantly lower than FREL's 0.98% return.
NURE
- 1D
- 0.94%
- 1M
- -6.68%
- YTD
- -2.11%
- 6M
- -3.10%
- 1Y
- -8.77%
- 3Y*
- 1.13%
- 5Y*
- 1.03%
- 10Y*
- —
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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NURE vs. FREL - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is higher than FREL's 0.08% expense ratio.
Return for Risk
NURE vs. FREL — Risk / Return Rank
NURE
FREL
NURE vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.
| NURE | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 0.09 | -0.54 |
Sortino ratioReturn per unit of downside risk | -0.53 | 0.24 | -0.77 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.03 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.20 | -0.75 |
Martin ratioReturn relative to average drawdown | -1.20 | 0.77 | -1.97 |
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
| NURE | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 0.09 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.14 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.23 | -0.02 |
Correlation
The correlation between NURE and FREL is 0.85, 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
NURE vs. FREL - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 5.08%, more than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 5.08% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
NURE vs. FREL - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for NURE and FREL.
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Drawdown Indicators
| NURE | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -42.61% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.10% | -12.42% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -35.98% | -34.40% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -22.83% | -9.83% | -13.00% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -10.05% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 3.19% | +3.33% |
Volatility
NURE vs. FREL - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 4.58% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NURE | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.55% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 9.29% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 16.41% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 18.85% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 20.67% | +1.22% |