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FREL vs RSPR

Fidelity MSCI Real Estate Index ETF

FRELANYSE Arca

Invesco S&P 500 Equal Weight Real Estate ETF

RSPRCNYSE Arca

Overlap

Expense ratio

FREL −0.32pt a year

FREL0.08%RSPR0.40%

Avg volume · 30D

FREL 25.0×the volume

FREL310KRSPR12.4K

10Y return · a year

RSPR +0.4pt

FREL+5.9%RSPR+6.3%

FREL vs RSPR Performance

Oct 29, 2021 – Oct 30, 2026

+4.4%FREL+2.9%RSPR

Oct 29, 2021 to Oct 30, 2026. FREL +4.4%. RSPR +2.9%. Use the arrow keys to read each point.−30%−20%−10%10%Oct 2021Apr 2024Oct 2026
Expense ratio
FREL 0.08%, better
RSPR 0.40%
Fund size
FREL $1.35B
RSPR $84M
1Y total return
FREL +9.0%, better
RSPR +6.7%
Yield (12M)
FREL 3.41%, better
RSPR 2.92%
Holdings
FREL 127
RSPR 32
Avg volume (30D)
FREL 310K sh, better
RSPR 12.4K sh
NAV per share
FREL $28.51
RSPR $35.00
52W range

ETF.net Grade

FREL: Cost 93, Risk 48, Mission 99, Tradability 66, Holdings 77, Durability 66. RSPR: Cost 36, Risk 45, Mission 90, Tradability 20, Holdings 81, Durability 50.
Pillar letters and Scores for FREL, RSPR, with each pillar’s weight
PillarFRELRSPR
Cost30% weightA93HigherD36
Mission25% weightA99HigherA90
Risk15% weightC48HigherC45
Tradability15% weightB66HigherF20
Holdings10% weightA77A81Higher
Durability5% weightB66HigherC50

Rank among US Real Estate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FREL and RSPR are both graded against the same 21 US Real Estate funds, so their Grades compare head to head.

US Real Estate⁠

Category · 21 funds
See all 21 ›

FREL ranks 3rd and RSPR 13th of 21 funds in the US Real Estate Category.

  1. Rank 1ASCHHSchwab U.S. REIT ETFScore 83
  2. Rank 1AUSRTiShares Core U.S. REIT ETFScore 83
  3. Rank 3AFRELFidelity MSCI Real Estate Index ETFScore 80
  4. Rank 4AXLREState Street Real Estate Select Sector SPDR ETFScore 78
  5. Rank 13CREZiShares Residential and Multisector Real Estate ETFScore 53
  6. Rank 13CRSPRInvesco S&P 500 Equal Weight Real Estate ETFScore 53
  7. Rank 15CPPTYUS Diversified Real Estate ETFScore 48

Our read on each fund

ETF.net Research

FRELAFidelity MSCI Real Estate Index ETF

RSPRCInvesco S&P 500 Equal Weight Real Estate ETF

In short

FREL Fidelity's take on US real estate: one index, about 150 property stocks, and a 0.08% fee against a 0.37% category median. Cheap beta on landlords, and one of the strongest implementations in its peer group.

RSPR The S&P 500's real estate sector, sliced into equal servings: roughly 30 landlords each get the same target weight, so no single tower or warehouse empire runs the fund. Invesco's equal-weight take, live since 2015.

Stated mandate

FREL The fund seeks to track, before fees and expenses, the performance of the MSCI USA IMI Real Estate Index.

RSPR The Fund seeks to track, before fees and expenses, the investment results of the S&P 500® Equal Weight Real Estate Index.

Why people hold it

  • FREL 0.08% a year against a 0.37% median for US real estate funds. Among the category's leaders, only SCHH runs cheaper, and only by a basis point.
  • Tracks the MSCI USA IMI Real Estate Index tightly, with very little drift from the benchmark it promises to follow.
  • Plain vanilla plumbing: a 1940 Act index fund holding about 150 US real estate stocks. No leverage, no options overlay, cash paid out quarterly.
  • Trading since 2015 and now a multi-billion-dollar fund with Fidelity's index desk behind it.
  • RSPR Cap-weighted real estate funds lean hard on a handful of giants. Here every holding gets the same target slot, so storage, mall and healthcare landlords count as much as data centers.
  • Running since 2015 as part of Invesco's equal-weight sector lineup, and it has tracked its index closely rather than drifting.
  • Pays on a quarterly schedule, funded by income from S&P 500 real estate companies.

Worth knowing

  • FREL One sector, one country. US real estate can move on its own schedule for long stretches, and this fund rides every bit of that.
  • Moderately traded rather than a volume leader in the category, which can show up as wider bid-ask spreads.
  • Crowded shelf. SCHH, VNQ, USRT and XLRE cover similar ground at similar prices, so the real difference is which index each one follows.
  • RSPR You pay up for the equal-weight tilt: 0.40% a year, against 0.08% for XLRE and 0.07% for SCHH on the cap-weighted side.
  • A smaller, lightly traded fund next to the sector's household names, so spreads can run wider. That bites most on large or hurried orders.
  • Roughly 30 companies from one rate-sensitive sector, so individual landlords and sector-wide swings land harder here than in a broad market fund.

Full FREL profile⁠

Full RSPR profile⁠

FREL vs RSPR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FREL vs RSPR Cost

Overpaying RSPR vs FREL

$6,317

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FREL 0.084%

    $1,773

  • RSPR 0.40%

    $8,090

$10,000
30 years

Cost over time

  • FREL 0.084%
  • RSPR 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530RSPR $8,090FREL $1,773

Year by year

YearFRELRSPROverpaying
10$154$723$569
20$603$2,793$2,190
30$1,773$8,090$6,317

Expense ratio

  • 0.08%FREL, cheaper
  • 0.40%RSPR
  • Middle half of US Real Estate funds
  • Median 0.35%

FREL 4th cheapest of 21 funds

RSPR 15th cheapest of 21 funds

FREL vs RSPR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FREL 3.41%, better
RSPR 2.92%
Payout (12M)
FREL $0.97
RSPR $1.02
Last payment
FREL $0.23
RSPR $0.19
Ex-dividend
FREL Sep 18, 2026
RSPR Sep 21, 2026
Paid on
FREL Sep 22, 2026
RSPR Sep 25, 2026
Frequency
FREL Quarterly
RSPR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FRELQuarterly · 39 paymentsAll FREL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.17; Jun 16, 2017 $0.22; Sep 15, 2017 $0.21; Dec 15, 2017 $0.21; Mar 16, 2018 $0.26; Jun 15, 2018 $0.24; Sep 21, 2018 $0.56; Dec 21, 2018 $0.18; Mar 15, 2019 $0.27; Jun 21, 2019 $0.23; Sep 20, 2019 $0.23; Dec 20, 2019 $0.20; Mar 20, 2020 $0.28; Jun 19, 2020 $0.18; Sep 18, 2020 $0.18; Dec 18, 2020 $0.32; Mar 19, 2021 $0.19; Jun 18, 2021 $0.20; Sep 17, 2021 $0.21; Dec 17, 2021 $0.20; Mar 18, 2022 $0.25; Jun 17, 2022 $0.23; Sep 16, 2022 $0.28; Dec 16, 2022 $0.12; Mar 17, 2023 $0.33; Jun 16, 2023 $0.23; Sep 15, 2023 $0.23; Dec 15, 2023 $0.21; Mar 15, 2024 $0.25; Jun 21, 2024 $0.25; Sep 20, 2024 $0.22; Dec 20, 2024 $0.22; Mar 21, 2025 $0.26; Jun 20, 2025 $0.27; Sep 19, 2025 $0.23; Dec 19, 2025 $0.22; Mar 20, 2026 $0.25; Jun 18, 2026 $0.27; Sep 18, 2026 $0.23. Use the arrow keys to read each point.$0$0.502017202020232026YTD
RSPRQuarterly · 38 paymentsAll RSPR payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.21; Sep 15, 2017 $0.16; Dec 15, 2017 $0.47; Mar 16, 2018 $0.10; Jun 15, 2018 $0.19; Sep 24, 2018 $0.27; Dec 26, 2018 $0.06; Mar 18, 2019 $0.22; Jun 24, 2019 $0.24; Sep 23, 2019 $0.22; Dec 23, 2019 $0.24; Mar 23, 2020 $0.45; Jun 22, 2020 $0.21; Sep 21, 2020 $0.20; Dec 21, 2020 $0.25; Mar 22, 2021 $0.49; Jun 21, 2021 $0.20; Sep 20, 2021 $0.22; Dec 20, 2021 $0.17; Mar 21, 2022 $0.33; Jun 21, 2022 $0.23; Sep 19, 2022 $0.31; Dec 19, 2022 $0.10; Mar 20, 2023 $0.10; Jun 20, 2023 $0.38; Sep 18, 2023 $0.25; Dec 18, 2023 $0.24; Mar 18, 2024 $0.28; Jun 24, 2024 $0.20; Sep 23, 2024 $0.21; Dec 23, 2024 $0.22; Mar 24, 2025 $0.27; Jun 23, 2025 $0.21; Sep 22, 2025 $0.21; Dec 22, 2025 $0.22; Mar 23, 2026 $0.32; Jun 22, 2026 $0.29; Sep 21, 2026 $0.19. Use the arrow keys to read each point.$0$0.502017202020232026YTD

FREL vs RSPR Risk

Fall from peak · 5 years

  • FREL
  • RSPR
Oct 29, 2021 to Oct 30, 2026. Worst fall: FREL −34.4% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FREL 16.5%RSPR 15.7%, better
Return per unit of riskSharpe ratio, 3 years
FREL 0.56, betterRSPR 0.48
Worst fallMax drawdown, 5 years
FREL −34.4%RSPR −33.0%, better
Market sensitivityBeta, 5 years
FREL 0.99RSPR 0.94

FREL and RSPR in the news

All news⁠

Popular comparisons

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