FREL vs RWR: holdings overlap, shared companies and scores
As of September 11, 2026, FREL and RWR overlap 75.4% by weight. Fidelity MSCI Real Estate Index ETF (FREL): U.S. real estate investment trusts. State Street SPDR Dow Jones REIT ETF (RWR): U.S. REITs index.
Updated September 11, 2026
How much do FREL and RWR overlap?
As of September 11, 2026, FREL and RWR overlap 75.4% by weight.
77% of FREL is already inside RWR.
100% of RWR 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 RWR?
As of September 11, 2026, ETF Copilot scores FREL 3.8 out of 10 and RWR 2.9 out of 10.
They differ most on Risk: FREL 5.3 and RWR 2.4.
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 | RWR |
|---|---|---|
| Growth | 1.1 | 0.4 |
| Valuation | 8.3 | 6.1 |
| Risk | 5.3 | 2.4 |
| Quality | 5.9 | 5.9 |
| Return | 1.1 | 1.5 |
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, RWR charges 0.25% a year, yields 3.93% and holds $1.8B in assets.
| Measure | FREL | RWR |
|---|---|---|
| Expense ratio | 0.08% | 0.25% |
| Dividend yield | 3.42% | 3.93% |
| Assets under management | $1.5B | $1.8B |
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 RWR 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.
RWR trades at 31.7 times earnings, against its own median of 31.4, and is more expensive than 54% of its own 114 monthly readings since 2017.
What moved FREL and RWR 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.
RWR fell 1.8% in the week to September 11, 2026. The holdings that moved it most were Welltower (−2.3%), Prologis (−1.9%) and Realty Income (−3.6%); Rexford Industrial Realty (+2.8%) pushed the other way.
Compare with similar funds
Cite this
ETF Copilot, “FREL vs RWR holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/frel-vs-rwr
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