FREL Performance — Fidelity MSCI Real Estate Index ETF
Data updated: 2026-10-13
FREL returned +13.89% year to date and +15.05% over one year to Jul 2026. Annualised returns are +9.30% over 3 years and +2.42% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $131, against $132 for the category, and to $115 over one year, against $118. Volatility over the past three years was 16.71% a year. In the 12 months to Jul 2026 the fund took in a net $340.5M, and assets reached $1.49B.
FREL Growth of $100
What $100 invested in Fidelity MSCI Real Estate Index ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | FREL | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $115 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $131 | $132 |
| 5 years (Aug 2021 – Jul 2026) | $113 | $117 |
| Since data start (Aug 2019 – Jul 2026) | $145 | $152 |
FREL Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.89% |
| 1 year | +15.05% |
| 3 years (annualised) | +9.30% |
| 5 years (annualised) | +2.42% |
FREL Annual Returns
Calendar-year total returns of Fidelity MSCI Real Estate Index ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +13.89% |
| 2025 | +3.03% |
| 2024 | +5.13% |
| 2023 | +11.73% |
| 2022 | −26.15% |
| 2021 | +40.52% |
| 2020 | −4.91% |
| 2019 (Aug–Dec) | +6.41% |
FREL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.6% | +5.2% | −6.4% | +8.5% | −0.5% | +1.8% | +2.5% | — | — | — | — | — |
| 2025 | +1.6% | +3.5% | −2.5% | −2.4% | +1.1% | +0.8% | +0.1% | +3.5% | +0.1% | −2.7% | +2.4% | −2.2% |
| 2024 | −4.9% | +2.0% | +2.0% | −8.0% | +4.6% | +1.9% | +7.8% | +5.3% | +3.3% | −3.4% | +4.2% | −8.1% |
| 2023 | +10.4% | −5.9% | −2.1% | +0.3% | −4.0% | +5.5% | +2.1% | −3.3% | −7.3% | −3.5% | +12.0% | +9.3% |
| 2022 | −8.1% | −3.7% | +6.3% | −4.1% | −4.6% | −7.5% | +8.7% | −6.0% | −12.9% | +3.5% | +6.2% | −5.0% |
| 2021 | 0.0% | +3.7% | +5.1% | +8.0% | +0.8% | +2.5% | +4.4% | +2.1% | −5.5% | +7.0% | −2.2% | +9.7% |
| 2020 | +1.2% | −7.1% | −19.3% | +8.8% | +1.7% | +2.5% | +3.5% | +0.4% | −2.7% | −3.0% | +9.6% | +2.8% |
| 2019 | — | — | — | — | — | — | — | +3.8% | +1.9% | +1.1% | −1.2% | +0.8% |
FREL Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.71%
- 3-year Sharpe ratio: 0.29 (vs 4.5% risk-free rate)
- Best month: +11.99% (Nov 2023)
- Worst month: −8.14% (Dec 2024)
FREL Fund Flows
Monthly money in and out of Fidelity MSCI Real Estate Index ETF, from SEC Form N-PORT.
- 12-month net flow: $340.5M
- 12-month gross sales (incl. reinvestments): $437.3M
- Sales ÷ redemptions: 4.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $10.4M | $7.6M | $2.9M |
| Jun 2026 | $7.4M | $1.5M | $6.0M |
| May 2026 | $10.2M | $10.2M | $20K |
| Apr 2026 | $0 | $18.6M | −$18.6M |
| Mar 2026 | $45.1M | $5.8M | $39.3M |
| Feb 2026 | $6.9M | $38.2M | −$31.3M |
| Jan 2026 | $262.7M | $0 | $262.7M |
| Dec 2025 | $21.6M | $5.4M | $16.2M |
| Nov 2025 | $17.6M | $1.4M | $16.3M |
| Oct 2025 | $16.5M | $4.2M | $12.4M |
| Sep 2025 | $25.1M | $0 | $25.1M |
| Aug 2025 | $13.7M | $4.1M | $9.6M |
FREL Assets Under Management
Net assets of Fidelity MSCI Real Estate Index ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.49B |
| 2026-04-30 | $1.44B |
| 2026-01-31 | $1.37B |
| 2025-10-31 | $1.06B |
| 2025-07-31 | $1.01B |
| 2025-04-30 | $1.04B |
| 2025-01-31 | $1.01B |
| 2024-10-31 | $1.05B |
| 2024-07-31 | $991.15M |
| 2024-04-30 | $890.42M |
| 2024-01-31 | $959.91M |
| 2023-10-31 | $865.41M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.