FREL vs IWC
Comparison between FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF) and ISHARES MICRO-CAP ETF (IWC, ETF).
5-Year PerformanceIWC has outperformed FREL, delivering a return of +4.8% compared to +2.6%
FREL vs IWC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FREL
$1.40B
IWC
$1.40B
Expense Ratio
Winner
FREL
0.08%
IWC
0.60%
Max Drawdown
Winner
FREL
43.46%
IWC
65.20%
Sharpe Ratio
FREL
0.67
Winner
IWC
1.65
5Y Beta
Winner
FREL
0.52
IWC
1.19
P/E Ratio
FREL
34.39
Winner
IWC
-35.02
Forward P/E
FREL
32.92
Winner
IWC
13.60
5Y Dividends CAGR
FREL
1.14%
Winner
IWC
11.12%
5Y EPS CAGR
Winner
FREL
9.52%
IWC
5.26%
Debt to Equity
FREL
43.06%
Winner
IWC
-18.24%
P/S Ratio
FREL
5.34
Winner
IWC
1.61
P/B Ratio
FREL
2.66
Winner
IWC
2.25
FREL vs IWC - Holdings Comparison
FREL and IWC have 5 common holdings. Overlap is 0.27%
FREL's top 25 holdings weight is 69.30%. IWC's top 25 holdings weight is 21.60%.
| Rank | FREL | IWC |
|---|---|---|
| #1 | WELLTOWER INC (WELL) - 8.55% | APPLIED OPTOELECTRONICS INC (AAOI) - 2.18% |
| #2 | PROLOGIS INC (PLD) - 8.40% | APPLIED DIGITAL CORP (APLD) - 1.98% |
| #3 | AMERICAN TOWER CORP (AMT) - 5.31% | n/a (PRAX) - 1.61% |
| #4 | EQUINIX INC (EQIX) - 4.75% | AXT INC (AXTI) - 1.54% |
| #5 | SIMON PROPERTY GROUP INC (SPG) - 4.31% | TERAWULF INC (WULF) - 1.43% |
| #6 | DIGITAL REALTY TRUST INC (DLR) - 4.12% | CIPHER DIGITAL INC (CIFR) - 1.29% |
| #7 | REALTY INCOME CORP (O) - 3.56% | NAVITAS SEMICONDUCTOR CORP CLASS A (NVTS) - 1.08% |
| #8 | PUBLIC STORAGE (PSA) - 3.07% | CELCUITY INC (CELC) - 0.88% |
| #9 | VENTAS INC (VTR) - 2.57% | COGENT BIOSCIENCES INC (COGT) - 0.85% |
| #10 | CROWN CASTLE INC (CCI) - 2.53% | ENERGY FUELS INC (n/a) - 0.77% |
| #11 | CBRE GROUP INC CLASS A (CBRE) - 2.47% | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.72% |
| #12 | IRON MOUNTAIN INC (IRM) - 2.45% | NLIGHT INC (LASR) - 0.68% |
| #13 | EXTRA SPACE STORAGE INC (EXR) - 1.98% | TUTOR PERINI CORP (TPC) - 0.59% |
| #14 | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 1.98% | BEL FUSE INC CLASS B (BELFB) - 0.58% |
| #15 | AVALONBAY COMMUNITIES INC (AVB) - 1.71% | DIANTHUS THERAPEUTICS INC (DNTH) - 0.56% |
| #16 | EQUITY RESIDENTIAL (EQR) - 1.49% | CENTRUS ENERGY CORP CLASS A (LEU) - 0.55% |
| #17 | SBA COMMUNICATIONS CORP CLASS A (SBAC) - 1.41% | INNODATA INC (INOD) - 0.53% |
| #18 | ESSEX PROPERTY TRUST INC (ESS) - 1.16% | ORUKA THERAPEUTICS INC (ORKA) - 0.51% |
| #19 | INVITATION HOMES INC (INVH) - 1.13% | PENGUIN SOLUTIONS INC (PENG) - 0.50% |
| #20 | WEYERHAEUSER CO (WY) - 1.13% | AEHR TEST SYSTEMS (AEHR) - 0.50% |
| #21 | KIMCO REALTY CORP (KIM) - 1.08% | VISTANCE NETWORKS INC (VISN) - 0.49% |
| #22 | W.P. CAREY INC (WPC) - 1.07% | ASTRONICS CORP (ATRO) - 0.46% |
| #23 | HOST HOTELS & RESORTS INC (HST) - 1.06% | DIGI INTERNATIONAL INC (DGII) - 0.45% |
| #24 | SUN COMMUNITIES INC (SUI) - 1.02% | CECO ENVIRONMENTAL CORP (CECO) - 0.44% |
| #25 | MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 0.99% | AMERICAN SUPERCONDUCTOR CORP (AMSC) - 0.43% |
| Total Holdings | 130 | 1249 |
FREL vs IWC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FREL
+1.24%
IWC
-2.49%
3M
FREL
+3.25%
Winner
IWC
+9.62%
6M
FREL
+9.78%
Winner
IWC
+13.85%
1Y
FREL
+12.39%
Winner
IWC
+50.22%
5Y(CAGR)
FREL
+2.64%
Winner
IWC
+4.77%
10Y(CAGR)
FREL
+6.03%
Winner
IWC
+10.86%
Max(CAGR)
FREL
+5.39%
Winner
IWC
+7.58%
FREL vs IWC - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | FREL | IWC |
|---|---|---|
| 2026 | +10.40% | +14.44% |
| 2025 | +4.07% | +22.31% |
| 2024 | +4.10% | +14.33% |
| 2023 | +11.62% | +9.83% |
| 2022 | -25.63% | -23.36% |
| 2021 | +45.48% | +19.37% |
| 2020 | -3.56% | +21.33% |
| 2019 | +31.79% | +20.16% |
| 2018 | -4.08% | -14.02% |
| 2017 | +8.56% | +12.24% |
| 2016 | +9.36% | +23.81% |
| 2015 | -4.72% | -4.75% |
| 2014 | N/A | +4.30% |
| 2013 | N/A | +40.53% |
| 2012 | N/A | +17.20% |
| 2011 | N/A | -11.41% |
| 2010 | N/A | +25.96% |
| 2009 | N/A | +23.05% |
| 2008 | N/A | -38.31% |
| 2007 | N/A | -8.99% |
| 2006 | N/A | +13.12% |
| 2005 | N/A | +2.82% |
FREL vs IWC Drawdown Comparison
The maximum drawdown for FREL was -42.57%, occurring on Mar 23, 2020. Recovery took 293 trading sessions.
The maximum drawdown for IWC was -64.60%, occurring on Mar 9, 2009. Recovery took 1440 trading sessions.
The current FREL drawdown is -1.37%. The current IWC drawdown is -6.00%.
| Rank | FREL | IWC |
|---|---|---|
| #1 | -42.57% Feb 14, 2020 - Apr 15, 2021 | -64.60% Jun 19, 2007 - Mar 8, 2013 |
| #2 | -34.37% Dec 31, 2021 - Oct 25, 2023 | -47.20% Aug 31, 2018 - Nov 23, 2020 |
| #3 | -15.67% Feb 5, 2015 - Apr 1, 2016 | -41.06% Mar 12, 2021 - Sep 18, 2025 |
| #4 | -14.14% Aug 1, 2016 - Sep 18, 2017 | -28.70% Jun 23, 2015 - Nov 21, 2016 |
| #5 | -12.75% Dec 6, 2018 - Jan 30, 2019 | -16.66% Mar 5, 2014 - Mar 18, 2015 |
| #6 | -12.43% Dec 18, 2017 - Jun 29, 2018 | -15.04% May 5, 2006 - Dec 27, 2006 |
| #7 | -8.54% Aug 29, 2018 - Dec 6, 2018 | -12.43% Jan 22, 2026 - Apr 15, 2026 |
| #8 | -7.53% Sep 3, 2021 - Oct 28, 2021 | -9.98% Oct 15, 2025 - Dec 4, 2025 |
| #9 | -5.49% Nov 24, 2021 - Dec 7, 2021 | -8.81% Jan 23, 2018 - Mar 9, 2018 |
| #10 | -5.47% Oct 21, 2019 - Jan 16, 2020 | -8.63% Feb 22, 2007 - Jun 1, 2007 |
| #11 | -5.38% May 10, 2016 - Jun 23, 2016 | -8.61% Sep 12, 2005 - Dec 1, 2005 |
| #12 | -5.11% Jun 20, 2019 - Jul 10, 2019 | -8.24% Feb 9, 2021 - Mar 10, 2021 |
| #13 | -4.48% Apr 30, 2021 - May 26, 2021 | -8.08% Jan 22, 2014 - Feb 27, 2014 |
| #14 | -4.10% Apr 12, 2019 - Jun 5, 2019 | -7.28% Mar 12, 2018 - May 11, 2018 |
| #15 | -3.80% Jul 10, 2019 - Aug 8, 2019 | -6.89% Jul 25, 2017 - Sep 18, 2017 |
Correlation
Correlation between FREL and IWC is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2005 - 2026)
FREL vs IWC dividend yield comparison.
| Year | FREL | IWC |
|---|---|---|
| 2026 | 0.85% | 0.14% |
| 2025 | 3.59% | 1.10% |
| 2024 | 3.48% | 1.06% |
| 2023 | 3.73% | 1.17% |
| 2022 | 3.57% | 1.18% |
| 2021 | 2.34% | 0.78% |
| 2020 | 3.77% | 0.98% |
| 2019 | 3.32% | 1.19% |
| 2018 | 5.54% | 1.01% |
| 2017 | 3.27% | 1.09% |
| 2016 | 4.01% | 1.16% |
| 2015 | 3.80% | 1.49% |
| 2014 | 0.00% | 1.11% |
| 2013 | 0.00% | 1.01% |
| 2012 | 0.00% | 1.95% |
| 2011 | 0.00% | 1.21% |
| 2010 | 0.00% | 0.82% |
| 2009 | 0.00% | 0.82% |
| 2008 | 0.00% | 1.31% |
| 2007 | 0.00% | 0.79% |
| 2006 | 0.00% | 0.51% |
| 2005 | 0.00% | 0.19% |
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