Is FREL a good investment?

Fidelity MSCI Real Estate Index ETF (FREL) is a real estate and infrastructure ETF. As of September 11, 2026, ETF Copilot scores FREL 3.8 out of 10 — highest on Valuation (8.3), lowest on Growth (1.1). It trades at 29.5 times earnings, against its own median of 32.0.

Updated September 11, 2026

How is FREL rated? ETF Copilot scores Fidelity MSCI Real Estate Index ETF (FREL) 3.8 out of 10

As of September 11, 2026, ETF Copilot scores Fidelity MSCI Real Estate Index ETF (FREL) 3.8 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 3.8 / 10
Growth: 1.1 / 10
Valuation: 8.3 / 10
Risk: 5.3 / 10
Quality: 5.9 / 10
Return: 1.1 / 10

What is FREL's expense ratio? 0.08% a year

As of September 11, 2026, FREL charges 0.08% a year, yields 3.42% and holds $1.5B in assets.

Fidelity MSCI Real Estate Index ETF (FREL) — cost, income and size
Measure	FREL
Expense ratio	0.08%
Dividend yield	3.42%
Assets under management	$1.5B

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.

What stands out in FREL's data

U.S. real estate investment trusts, tracked through a broad index.

Profitability sits in line with the typical REIT fund — no edge from operations, so the case rests on income and diversification.

EBITDA margin of 53.5% matches the category median of 53.5%, unchanged from its own three-year median of 51.7%. The fund trades at trailing P/E multiple of 29.5x.

A real estate core position that adds property income to a broad equity allocation.

Why did FREL move this week? It fell 1.9% in the week to September 11, 2026 — Welltower and Cbre drove it

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.

Is FREL expensive right now? It trades at 29.5 times earnings, against its own median of 32.0

As of September 11, 2026, FREL is cheaper than 85% of its own 114 monthly readings since 2017 — 17 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What are FREL's top holdings?

Welltower, Prologis, Equinix, American Tower, Simon Property, Digital Realty Trust, Realty Income, Public Storage, Vivmark Residential and Ventas are FREL's largest holdings, in that order.

Cite this

ETF Copilot, “Fidelity MSCI Real Estate Index ETF (FREL) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/frel