FREL vs SCHH: holdings overlap, shared companies and scores
As of September 11, 2026, FREL and SCHH overlap 91.4% by weight. Fidelity MSCI Real Estate Index ETF (FREL): U.S. real estate investment trusts. Schwab U.S. REIT ETF (SCHH): U.S. equity REITs.
Updated September 11, 2026
How much do FREL and SCHH overlap?
As of September 11, 2026, FREL and SCHH overlap 91.4% by weight.
93% of FREL is already inside SCHH.
100% of SCHH 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 SCHH?
As of September 11, 2026, ETF Copilot scores FREL 3.8 out of 10 and SCHH 3.5 out of 10.
They differ most on Valuation: FREL 8.3 and SCHH 7.6.
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 | SCHH |
|---|---|---|
| Growth | 1.1 | 0.6 |
| Valuation | 8.3 | 7.6 |
| Risk | 5.3 | 5.1 |
| Quality | 5.9 | 6.0 |
| Return | 1.1 | 1.2 |
SCHH is the cheaper of the two at 0.07% 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, SCHH charges 0.07% a year, yields 3.71% and holds $11.1B in assets.
| Measure | FREL | SCHH |
|---|---|---|
| Expense ratio | 0.08% | 0.07% |
| Dividend yield | 3.42% | 3.71% |
| Assets under management | $1.5B | $11.1B |
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 SCHH 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.
SCHH trades at 29.3 times earnings, against its own median of 31.2, and is cheaper than 73% of its own 114 monthly readings since 2017.
What moved FREL and SCHH 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.
SCHH fell 1.7% 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 SCHH holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/frel-vs-schh
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