{"url":"https://etfiq.com/models/compare/frei/","section":"models","title":"FREI vs the ETFIQ Strategic 20 benchmark | ETFIQ","description":"As of Oct 9, 2026, FREI has no full year of prices to set beside the ETFIQ Strategic 20 benchmark. Returns, fees and growth of $10,000 by window.","as_of":"Oct 9, 2026","structured_data":[{"@type":"ItemList","name":"FREI and its matched benchmark","numberOfItems":2,"itemListElement":[{"@type":"ListItem","position":1,"name":"FREI, Fidelity Real Estate Income ETF","url":"https://etfiq.com/funds/frei"},{"@type":"ListItem","position":2,"name":"ETFIQ Strategic, 20% stocks","url":"https://etfiq.com/benchmarks/strategic-20/"}]},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Why is FREI measured against ETFIQ Strategic 20?","acceptedAnswer":{"@type":"Answer","text":"FREI holds 20.9% of its net assets in stocks, counted through the funds it holds, so it sits in the conservative band, more than 15% and up to 30% stocks. ETFIQ Strategic 20 is the benchmark for that band."}},{"@type":"Question","name":"What does ETFIQ Strategic 20 hold?","acceptedAnswer":{"@type":"Answer","text":"20% VT and 80% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a published rule, not a fund, and ETFIQ takes no payment from any fund company."}},{"@type":"Question","name":"Why are the benchmark\u2019s returns hypothetical?","acceptedAnswer":{"@type":"Answer","text":"Its rule was frozen on a stated date. Returns before it apply today\u2019s rule and funds to earlier prices; the fund\u2019s own returns are its market price with distributions reinvested. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ETF Models","item":"https://etfiq.com/models/"},{"@type":"ListItem","position":3,"name":"Every model","item":"https://etfiq.com/models/list/"},{"@type":"ListItem","position":4,"name":"FREI","item":"https://etfiq.com/models/compare/frei/"}]},{"@type":"WebPage","name":"FREI vs the ETFIQ Strategic 20 benchmark","description":"As of Oct 9, 2026, FREI has no full year of prices to set beside the ETFIQ Strategic 20 benchmark. Returns, fees and growth of $10,000 by window.","url":"https://etfiq.com/models/compare/frei/","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4750,"truncated":false,"content":"ETFIQ / ETF Models / Every model / FREI \n \n Rebuilt every trading night. Figures as of Oct 9, 2026.\n FREI against the ETFIQ Strategic 20 benchmark\n Fidelity Real Estate Income ETF holds 20.9% of its net assets in stocks, counted through the funds it holds, which places it in the conservative band. Its matched benchmark is ETFIQ Strategic, 20% stocks, a written rule, not a fund.\n 0.57% Expense ratio \n\n As of Oct 9, 2026, FREI has no full year of prices to set beside the ETFIQ Strategic 20 benchmark.\n ETFIQ Strategic, 20% stocks: launched on Oct 3, 2026, when ETFIQ froze its rule. Figures before Oct 5, 2026 are hypothetical: today\u2019s rule and funds applied to earlier prices, which is look-ahead. From Oct 5, 2026 the record is tracked, and a window that starts before it is hypothetical as a whole.\n Other allocation ETFs against their benchmarks\n ALTY AOA AOK AOM AOR AVMA CGBL DPRE FREI FTBI GAA GMOD GYLD HEFT INCM INKM IRTR ITDB ITDC ITDD ITDE IYLD JFLI MDIV MFUL NDOW OCIO PVEX RAA RISN RJVI RSMV TBFC TBFG TRND TRTY XFLX XRLX YLDW FREI and Strategic 20 by window\n FREI\u2019s own market-price total return beside Strategic 20 over the same closes; YTD and 1 year as total returns, the longer windows a year over whole months. The difference is the two printed figures subtracted, in percentage points. Data sourced by Tiingo .\n Total return of FREI and ETFIQ Strategic, 20% stocks by window, to Oct 9, 2026. Data sourced by Tiingo. Window From To FREI Strategic 20 Difference, points Side \n Year to date not published not published not published not published not published not published \n 1 year not published not published not published not published not published not published \n 3 years, a year not published not published not published not published not published not published \n 5 years, a year not published not published not published not published not published not published \n 10 years, a year not published not published not published not published not published not published \n Since the shared start, a year not published not published not published not published not published not published \n\n Fees\n Both fees are already inside the returns above. On $10,000 is the fee times 100, the dollars a year at that fee.\n The expense ratio of FREI and the weighted fund fee of ETFIQ Strategic, 20% stocks. Portfolio Fee A year On $10,000 As of \n FREI Expense ratio, from its prospectus 0.57% $57 Sep 24, 2026 \n Strategic 20 Weighted fund fee, inside its returns 0.04% $4 Oct 9, 2026 \n\n Questions people ask\n Why is FREI measured against ETFIQ Strategic 20? FREI holds 20.9% of its net assets in stocks, counted through the funds it holds, so it sits in the conservative band, more than 15% and up to 30% stocks. ETFIQ Strategic 20 is the benchmark for that band. What does ETFIQ Strategic 20 hold? 20% VT and 80% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a published rule, not a fund, and ETFIQ takes no payment from any fund company. Why are the benchmark\u2019s returns hypothetical? Its rule was frozen on a stated date. Returns before it apply today\u2019s rule and funds to earlier prices; the fund\u2019s own returns are its market price with distributions reinvested. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias. Total returns are market price with distributions reinvested, net of each fund\u2019s own fees, with nothing else deducted. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias. Data sourced by Tiingo .\n Where these figures came from\n Data sourced by Tiingo U.S. Treasury daily bill rates, for the Sharpe ratio FREI\u2019s page, with its prospectus and fee FREI\u2019s prospectus filing, for its expense ratio Where to next\n FREI fund page The Strategic 20 benchmark Every benchmark at 20% stocks Every model, side by side How the benchmarks are built ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, takes no payment from issuers, and makes no recommendations.\n \n Cite this page. ETFIQ, FREI vs the ETFIQ Strategic 20 benchmark, data as of Oct 9, 2026. https://etfiq.com/models/compare/frei/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, FREI vs the ETFIQ Strategic 20 benchmark, data as of Oct 9, 2026. https://etfiq.com/models/compare/frei/ APA ETFIQ. (Oct 9, 2026). FREI vs the ETFIQ Strategic 20 benchmark. Retrieved from https://etfiq.com/models/compare/frei/ Markdown [FREI vs the ETFIQ Strategic 20 benchmark (ETFIQ, Oct 9, 2026)](https://etfiq.com/models/compare/frei/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FREI vs the ETFIQ Strategic 20 benchmark, data as of Oct 9, 2026. https://etfiq.com/models/compare/frei/"}