Fidelity InvestmentsReal EstateFREL · NYSE Arca

Fidelity MSCI Real Estate Index ETF (FREL)

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Price: $28.50; —30 Oct 2026
Assets: $1.3B; Total net assets
Expense ratio: 0.08%; Category 1.08%
Yield: 3.58%; Trailing distributions

1Y return: 9.3%+1.4%; Category 7.9%
3Y CAGR: 13.7%+0.9%; Category 12.8%
5Y CAGR: 0.7%+0.1%; Category 0.5%

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Fidelity MSCI Real Estate Index ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.9%	-4.4%	-0.5%	+8.9%	+9.3%	+13.7%	+0.7%	+6.0%	+4.9%
Real Estate average	2.3%	-6.5%	-3.2%	7.1%	7.9%	12.8%	0.5%	4.6%	4.8%
Difference	+2.6%	+2.1%	+2.7%	+1.7%	+1.4%	+0.9%	+0.1%	+1.4%	+0.1%

Holdings

The 10 largest positions make up 48.7% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
WELL	Welltower Inc	9.82%
PLD	Prologis Inc	7.73%
EQIX	Equinix Inc	5.72%
AMT	American Tower Corp	4.54%
SPG	Simon Property Group Inc	4.42%
DLR	Digital Realty Trust Inc	4.04%
O	Realty Income Corp	3.39%
PSA	Public Storage	3.29%
VMRK	Vivmark Residential	3.04%
VTR	Ventas Inc	2.71%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 28.1
P/B: 2.4
P/S: 4.5
P/CF: 15.2

Sector allocation

Share of the equity the fund holds.

Real estate99.5%
Communication services0.4%
Energy0.2%

Asset mix

Stocks99.3%
Cash2.6%

ETF details

Issuer: Fidelity Investments
Category: Equity · Real Estate
Ticker: FREL
Exchange: NYSE Arca
Inception: 2 Feb 2015 (11.7 years)
Structure: Exchange Traded Fund
Expense ratio: 0.08% (category 1.08%)
Holdings turnover: 8% (category 66%)
Distribution yield: 3.58%
Beta, 3 years: 0.98
Total net assets: $1.3B

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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