FREL vs PAVE: holdings overlap, shared companies and scores
As of September 11, 2026, FREL and PAVE overlap 0.0% by weight. Fidelity MSCI Real Estate Index ETF (FREL): U.S. real estate investment trusts. Global X - U.S. Infrastructure Development ETF (PAVE): U.S. infrastructure developers.
Updated September 11, 2026
How much do FREL and PAVE overlap?
As of September 11, 2026, FREL and PAVE overlap 0.0% by weight.
0% of FREL is already inside PAVE.
0% of PAVE is already inside FREL.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FREL and PAVE?
As of September 11, 2026, ETF Copilot scores FREL 3.8 out of 10 and PAVE 4.2 out of 10.
They differ most on Valuation: FREL 8.3 and PAVE 1.8.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FREL | PAVE |
|---|---|---|
| Growth | 1.1 | 4.3 |
| Valuation | 8.3 | 1.8 |
| Risk | 5.3 | 3.6 |
| Quality | 5.9 | 2.2 |
| Return | 1.1 | 7.4 |
FREL is the cheaper of the two at 0.08% a year
As of September 11, 2026, FREL charges 0.08% a year, yields 3.42% and holds $1.5B in assets.
As of September 11, 2026, PAVE charges 0.47% a year, yields 1.07% and holds $13.8B in assets across 100 positions.
| Measure | FREL | PAVE |
|---|---|---|
| Expense ratio | 0.08% | 0.47% |
| Dividend yield | 3.42% | 1.07% |
| Assets under management | $1.5B | $13.8B |
| Holdings | — | 100 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where FREL and PAVE trade against their own history
FREL trades at 29.5 times earnings, against its own median of 32.0, and is cheaper than 85% of its own 114 monthly readings since 2017.
PAVE trades at 27.2 times earnings, against its own median of 18.6, and is more expensive than 89% of its own 114 monthly readings since 2017.
What moved FREL and PAVE this week
FREL fell 1.9% in the week to September 11, 2026. The holdings that moved it most were Welltower (−2.3%), Cbre (−5.5%) and Prologis (−1.9%); Rexford Industrial Realty (+2.8%) pushed the other way.
PAVE fell 1.1% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), CRH (−3.8%) and Amrize (−7.9%); Eaton (+7.1%) pushed the other way.
What does PAVE hold?
What's inside PAVE: Tech 4%.
32% of PAVE is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FREL vs PAVE holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/frel-vs-pave
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