FREL vs XLRE: holdings overlap, shared companies and scores
As of September 11, 2026, FREL and XLRE overlap 73.3% by weight. Fidelity MSCI Real Estate Index ETF (FREL): U.S. real estate investment trusts. State Street Real Estate Select Sector SPDR ETF (XLRE): U.S. real estate sector.
Updated September 11, 2026
How much do FREL and XLRE overlap?
As of September 11, 2026, FREL and XLRE overlap 73.3% by weight.
73% of FREL is already inside XLRE.
100% of XLRE 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 XLRE?
As of September 11, 2026, ETF Copilot scores FREL 3.8 out of 10 and XLRE 4.0 out of 10.
They differ most on Risk: FREL 5.3 and XLRE 5.8.
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 | XLRE |
|---|---|---|
| Growth | 1.1 | 1.2 |
| Valuation | 8.3 | 8.3 |
| Risk | 5.3 | 5.8 |
| Quality | 5.9 | 6.0 |
| Return | 1.1 | 1.3 |
FREL and XLRE all charge 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, XLRE charges 0.08% a year, yields 3.32% and holds $8.2B in assets across 30 positions.
| Measure | FREL | XLRE |
|---|---|---|
| Expense ratio | 0.08% | 0.08% |
| Dividend yield | 3.42% | 3.32% |
| Assets under management | $1.5B | $8.2B |
| Holdings | — | 30 |
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 XLRE 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.
XLRE trades at 31.7 times earnings, against its own median of 35.3, and is cheaper than 85% of its own 114 monthly readings since 2017.
What moved FREL and XLRE 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.
XLRE 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%); Host Hotels & Resorts (+1.1%) pushed the other way.
What does XLRE hold?
62% of XLRE is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FREL vs XLRE holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/frel-vs-xlre
Register free to unlock FREL vs XLRE prices and holdings on ETF Copilot.
Register free →