FREL vs IJJ: Holdings Overlap
FRELFidelity MSCI Real Estate Index ETF
Fidelity · 127 holdings · $1.5B · as of 2026-04-30
IJJiShares S&P Mid-Cap 400 Value ETF
iShares · 301 holdings · $9.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (FREL: 2026-04-30, IJJ: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FREL and IJJ?
Fidelity MSCI Real Estate Index ETF (FREL, by Fidelity) holds 127 positions; iShares S&P Mid-Cap 400 Value ETF (IJJ, by iShares) holds 301. They have 26 holdings in common, and by portfolio weight the two funds are 8.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26FREL holds 127 · IJJ holds 301
- Weight in Shared Holdings
- FREL 14%·IJJ 8%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FREL
101 of 127 positions (86.0% of the fund) are not held by IJJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FREL | IJJ |
|---|---|---|
| Real Estate | 99.3% | 8.2% |
| Financials | 0.0% | 22.4% |
| Industrials | 0.0% | 19.0% |
| Consumer Discretionary | 0.0% | 12.4% |
| Materials | 0.0% | 8.2% |
| Other Sectors | 0.5% | 28.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FREL | -0.1% | +13.3% | +13.6% | +9.7% | +2.0% | +5.4% | 3.23% |
| IJJ | +3.0% | +15.1% | +23.8% | +12.8% | +9.2% | +10.5% | 1.56% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FREL vs IJJ →
Shared Holdings(26)
The top 10 shared positions account for 57% of the overlap, led by JLL, AMH and REXR.
 JLLJones Lang LaSalle, Inc. | 1.00% | 0.91% | 0.91% |
|---|---|---|---|
 AMHAmerican Homes 4 Rent, Class A | 0.69% | 0.58% | 0.58% |
 REXRRexford Industrial Realty, Inc. | 0.52% | 0.48% | 0.48% |
 WPCWP Carey, Inc. | 1.05% | 0.45% | 0.45% |
 GLPIGaming and Leisure Properties Inc | 0.87% | 0.44% | 0.44% |
 OHIOmega Healthcare Investors, Inc. | 0.87% | 0.38% | 0.38% |
 ELSEquity LifeStyle Properties, Inc. | 0.75% | 0.38% | 0.38% |
 HRHealthcare Realty Trust, Inc., Class A | 0.46% | 0.38% | 0.38% |
 RYNRayonier, Inc. | 0.42% | 0.36% | 0.36% |
 KRGKite Realty Group Trust | 0.38% | 0.34% | 0.34% |
 ADCAgree Realty Corp. | 0.55% | 0.32% | 0.32% |
 BRXBrixmor Property Group, Inc. | 0.60% | 0.30% | 0.30% |
 CUBECubeSmart | 0.60% | 0.29% | 0.29% |
 NNNNNN REIT, Inc. | 0.54% | 0.29% | 0.29% |
 LAMRLamar Advertising Co., Class A | 0.80% | 0.28% | 0.28% |
 VNOVornado Realty Trust | 0.32% | 0.26% | 0.26% |
 CUZCousins Properties, Inc. | 0.29% | 0.24% | 0.24% |
 EGPEastGroup Properties, Inc. | 0.68% | 0.24% | 0.24% |
 IRTIndependence Realty Trust, Inc. | 0.25% | 0.22% | 0.22% |
 AHRAmerican Healthcare REIT, Inc. | 0.57% | 0.21% | 0.21% |
 KRCKilroy Realty Corp. | 0.25% | 0.20% | 0.20% |
 STAGSTAG Industrial, Inc. | 0.46% | 0.17% | 0.17% |
 PKPark Hotels & Resorts, Inc. | 0.16% | 0.13% | 0.13% |
 CDPCOPT Defense Properties | 0.23% | 0.13% | 0.13% |
 EPREPR Properties | 0.28% | 0.12% | 0.12% |
Frequently Asked Questions
How much do FREL and IJJ overlap?
FREL and IJJ overlap by 8.2% of portfolio weight. They share 26 holdings (FREL holds 127 positions and IJJ holds 301), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FREL and IJJ?
The two portfolios are 8.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FREL and IJJ?
The largest positions held by both funds are JLL, AMH, REXR, WPC and GLPI. Together the top 10 shared positions account for 57% of the total overlap.
What does FREL own that IJJ doesn't?
101 positions (86.0% of FREL) are unique to FREL, led by WELL, PLD and AMT. In the other direction, 275 positions (91.0% of IJJ) are unique to IJJ.