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Fidelity® MSCI Real Estate Index ETF (FREL)



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Upturn Advisory Summary
08/14/2025: FREL (1-star) is a SELL. SELL since 4 days. Profits (-1.14%). Updated daily EoD!
Analysis of Past Performance
Type ETF | Historic Profit 1.3% | Avg. Invested days 42 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.17 | 52 Weeks Range 23.12 - 29.20 | Updated Date 06/29/2025 |
52 Weeks Range 23.12 - 29.20 | Updated Date 06/29/2025 |
Upturn AI SWOT
Fidelity® MSCI Real Estate Index ETF
ETF Overview
Overview
The Fidelity MSCI Real Estate Index ETF (FREL) seeks to track the performance of the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. It provides exposure to a broad range of real estate investment trusts (REITs) and real estate operating companies.
Reputation and Reliability
Fidelity is a well-established and reputable financial services company with a long track record in the investment management industry. They are known for offering a wide range of investment products and services.
Management Expertise
Fidelity has a team of experienced investment professionals managing its ETFs, leveraging their expertise in index tracking and portfolio management.
Investment Objective
Goal
To track the performance of a broad U.S. equity real estate index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of the MSCI USA IMI Real Estate Index. It generally invests substantially all of its assets in the stocks that make up the index.
Composition The ETF primarily holds stocks of REITs and other real estate-related companies. The fund is heavily weighted towards specialized, retail, residential, and industrial REITs.
Market Position
Market Share: FREL holds a significant market share within the real estate ETF sector, making it a leading fund for investors seeking exposure to U.S. real estate.
Total Net Assets (AUM): 1700000000
Competitors
Key Competitors
- VNQ
- IYR
- REM
Competitive Landscape
The real estate ETF market is competitive, with several large players dominating. FREL offers a cost-effective way to track the MSCI USA IMI Real Estate Index. Compared to its competitors, FREL may have slightly different tracking methodologies or expense ratios, impacting its relative performance. VNQ is significantly larger and more liquid but can sometimes carry a higher expense ratio; IYR is a similar choice, while REM is more focused on mortgage REITs. FRELs competitive edge lies in its low expense ratio and Fidelity's brand recognition.
Financial Performance
Historical Performance: The ETF's historical performance closely tracks the MSCI USA IMI Real Estate Index. Performance will fluctuate with market conditions and the overall health of the real estate sector.
Benchmark Comparison: The ETF aims to mirror the performance of the MSCI USA IMI Real Estate Index, so any deviations are primarily due to tracking error and fund expenses.
Expense Ratio: 0.08
Liquidity
Average Trading Volume
FREL exhibits moderate liquidity with sufficient average daily trading volume to facilitate easy entry and exit for most investors.
Bid-Ask Spread
The bid-ask spread for FREL is typically tight, indicating efficient trading and lower transaction costs.
Market Dynamics
Market Environment Factors
Economic factors such as interest rates, inflation, and GDP growth significantly impact FREL's performance, as real estate values and REIT profitability are sensitive to these conditions. Also, sector-specific factors like housing starts, vacancy rates, and lease rates influence the performance of the underlying REITs.
Growth Trajectory
FREL's growth depends on the overall health and expansion of the real estate sector. The fund's strategy and holdings remain relatively consistent, aiming to passively track the index.
Moat and Competitive Advantages
Competitive Edge
FREL's competitive advantages stem from its low expense ratio, which makes it an attractive option for cost-conscious investors seeking broad exposure to the U.S. real estate market. Fidelity's established brand and reputation provide further confidence to investors. Its passive index-tracking strategy ensures consistent exposure to the sector. This is combined with a broad diversification across different types of REITs, reducing concentration risk. Fidelity's scale also allows for efficient trading and minimal tracking error.
Risk Analysis
Volatility
FREL's volatility is comparable to other real estate ETFs and the broader real estate market, typically higher than the overall market due to sector-specific risks.
Market Risk
FREL is subject to market risk, particularly interest rate risk (as REITs are sensitive to interest rate changes) and economic cycle risk (as real estate performance is tied to economic growth). Specific risks related to the fundu2019s underlying assets include changes in real estate valuations, vacancy rates, and tenant creditworthiness.
Investor Profile
Ideal Investor Profile
The ideal investor for FREL is someone seeking broad exposure to the U.S. real estate sector for diversification or income purposes. It's suitable for investors who understand the cyclical nature of real estate and are comfortable with moderate volatility.
Market Risk
FREL is suitable for long-term investors seeking passive exposure to the real estate sector. It may also be used by active traders looking to express a tactical view on the real estate market.
Summary
The Fidelity MSCI Real Estate Index ETF (FREL) offers a cost-effective way to invest in a broad range of U.S. REITs and real estate companies. It is designed for investors seeking to track the performance of the MSCI USA IMI Real Estate Index. With a low expense ratio and the backing of a reputable issuer like Fidelity, FREL provides diversification benefits. However, investors should be aware of the risks associated with the real estate sector, including interest rate sensitivity and economic cycle risk, before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Fidelity Investments
- Morningstar
- ETF.com
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fidelity® MSCI Real Estate Index ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Real Estate 25/25 Index.

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