Data as of Oct 28, 2026.
FREL vs XLRE: Differences, Returns & Fees
Over the year to Oct 28, 2026, FREL returned +4.6% to XLRE's +4.3%; 67% of their weight is in the same names.
askIQ about this page
askIQ about FREL and XLRE
Net assets: $1.3bn on Sep 30, 2026 for Fidelity MSCI Real Estate Index ETF, and $8.0bn on Oct 27, 2026 for State Street Real Estate Select Sector SPDR ETF.
Pair scorecard
Both cost 0.08% a year; their one-year returns differ by 0.3 points; XLRE is 5.9 times larger.
| Measure | FREL | XLRE |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.6% | +4.3% |
| Drawdown | ||
| Below its high | 8.4%, high on Jul 28, 2026 | 7.7%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA IMI Real Estate 25/25 Index | Real Estate Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.08% |
| Net assets, as of Sep 30, 2026 | $1.3bn | $7.7bn |
| Holdings | ||
| Holdings in common | 67% | |
| Top ten holdings, share of the fund | 47.5% | 58.9% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 16, 2015 to Oct 23, 2026 · 575 weekly returnsXLRE returned more: +102.9% to +87.7%. XLRE swung slightly less: 20.8% to 21.3%. XLRE fell less at its worst: −35.2% to −39.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FREL | XLRE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +87.7% | +102.9% | XLRE | Price change plus distributions, reinvested. |
| Annualized | +5.9% | +6.6% | XLRE | Total return as a yearly rate. |
| Price return | +24.5% | +38.9% | XLRE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.3% | 20.8% | XLRE (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.8% | 14.3% | XLRE (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.3% | −35.2% | XLRE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | 0.30 | XLRE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.44 | XLRE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.19 | XLRE | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 575 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FREL and XLRE hold 67% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
67% in common
Only in one fund ↓
Side by side
FREL and XLRE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FREL and XLRE are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FREL follows MSCI USA IMI Real Estate 25/25 Index and XLRE follows Real Estate Select Sector Index.
- Number of holdings. FREL holds 122 positions and XLRE holds 31.
- Size. FREL has $1.3bn in net assets and XLRE $7.7bn (net assets, as of Sep 30, 2026); XLRE is 5.9 times larger.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
FREL
FREL tracks an index. Over the year to Oct 28, 2026 it returned +4.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 73% of the fund by weight is stocks the S&P 500 also holds, across 122 positions, with the top ten at 47.5%. It sat 8.4% below its high of Jul 28, 2026 on Oct 28, 2026.
XLRE
XLRE tracks an index of Real estate. Over the year to Oct 28, 2026 it returned +4.3% with distributions reinvested. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 58.9%. It sat 7.7% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FREL against XLRE, data as of Oct 28, 2026. https://etfiq.com/compare/any/frel-vs-xlre
ETFIQ. (Oct 28, 2026). FREL against XLRE. Retrieved from https://etfiq.com/compare/any/frel-vs-xlre
[FREL against XLRE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/frel-vs-xlre)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.