FREL vs IVV: Holdings Overlap
FRELFidelity MSCI Real Estate Index ETF
Fidelity · 127 holdings · $1.5B · as of 2026-04-30
iShares · 503 holdings · $901.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (FREL: 2026-04-30, IVV: 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 IVV?
Fidelity MSCI Real Estate Index ETF (FREL, by Fidelity) holds 127 positions; iShares Core S&P 500 ETF (IVV, by iShares) holds 503. They have 31 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31FREL holds 127 · IVV holds 503
- Weight in Shared Holdings
- FREL 73%·IVV 2%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
96 of 127 positions (26.5% of the fund) are not held by IVV. Showing the top 30 by weight.
Sector Breakdown
| Sector | FREL | IVV |
|---|---|---|
| Real Estate | 99.3% | 1.9% |
| Information Technology | 0.0% | 32.6% |
| Financials | 0.0% | 12.6% |
| Communication Services | 0.5% | 10.5% |
| Consumer Discretionary | 0.0% | 9.8% |
| Other Sectors | 0.0% | 32.3% |
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% |
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
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 IVV →
Shared Holdings(31)
The top 10 shared positions account for 67% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower, Inc. | 8.60% | 0.25% | 0.25% |
|---|---|---|---|
 PLDPrologis, Inc. | 8.19% | 0.22% | 0.22% |
 EQIXEquinix, Inc. | 4.72% | 0.17% | 0.17% |
 AMTAmerican Tower Corp. | 5.29% | 0.14% | 0.14% |
 SPGSimon Property Group, Inc. | 4.28% | 0.11% | 0.11% |
 DLRDigital Realty Trust, Inc. | 4.32% | 0.10% | 0.10% |
 ORealty Income Corp. | 3.70% | 0.10% | 0.10% |
 PSAPublic Storage | 3.09% | 0.08% | 0.08% |
 CBRECBRE Group, Inc., Class A | 2.75% | 0.07% | 0.07% |
 VTRVentas, Inc. | 2.58% | 0.07% | 0.07% |
 CCICrown Castle, Inc. | 2.50% | 0.06% | 0.06% |
 IRMIron Mountain, Inc. | 2.42% | 0.05% | 0.05% |
 VICIVICI Properties, Inc. | 2.04% | 0.05% | 0.05% |
 EXRExtra Space Storage, Inc. | 1.99% | 0.05% | 0.05% |
 AVBAvalonBay Communities, Inc. | 1.71% | 0.04% | 0.04% |
 EQREquity Residential | 1.48% | 0.04% | 0.04% |
 SBACSBA Communications Corp. | 1.57% | 0.03% | 0.03% |
 WYWeyerhaeuser Co. | 1.18% | 0.03% | 0.03% |
 CSGPCoStar Group, Inc. | 0.95% | 0.03% | 0.03% |
 ESSEssex Property Trust, Inc. | 1.11% | 0.03% | 0.03% |
 KIMKimco Realty Corp. | 1.05% | 0.03% | 0.03% |
 MAAMid-America Apartment Communities, Inc. | 0.99% | 0.03% | 0.03% |
 INVHInvitation Homes, Inc. | 1.12% | 0.03% | 0.03% |
 REGRegency Centers Corp. | 0.90% | 0.02% | 0.02% |
 HSTHost Hotels & Resorts, Inc. | 0.98% | 0.02% | 0.02% |
Frequently Asked Questions
How much do FREL and IVV overlap?
FREL and IVV overlap by 1.9% of portfolio weight. They share 31 holdings (FREL holds 127 positions and IVV holds 503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FREL and IVV?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FREL and IVV?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and SPG. Together the top 10 shared positions account for 67% of the total overlap.
What does FREL own that IVV doesn't?
96 positions (26.5% of FREL) are unique to FREL, led by SUI, WPC and JLL. In the other direction, 472 positions (97.8% of IVV) are unique to IVV.