FREL vs SQS
Comparison between FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF) and SAPIENT QUALITY SELECT ETF (SQS, ETF).
FREL vs SQS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FREL
$1.40B
SQS
$1.40B
Expense Ratio
Winner
FREL
0.08%
SQS
0.80%
Max Drawdown
FREL
43.46%
Winner
SQS
7.18%
Sharpe Ratio
FREL
0.47
Winner
SQS
3.09
5Y Beta
Winner
FREL
0.53
SQS
1.22
P/E Ratio
FREL
34.39
Winner
SQS
30.15
Forward P/E
FREL
32.52
Winner
SQS
25.09
5Y Dividends CAGR
FREL
1.14%
SQS
N/A
5Y EPS CAGR
FREL
9.52%
Winner
SQS
35.57%
Debt to Equity
FREL
43.06%
SQS
N/A
P/S Ratio
Winner
FREL
5.34
SQS
6.27
P/B Ratio
Winner
FREL
2.66
SQS
8.42
FREL vs SQS - Holdings Comparison
FREL and SQS have 21 common holdings. Overlap is 0.14%
FREL's top 25 holdings weight is 69.30%. SQS's top 25 holdings weight is 73.64%.
| Rank | FREL | SQS |
|---|---|---|
| #1 | WELLTOWER INC (WELL) - 8.55% | NVIDIA CORP (NVDA) - 8.48% |
| #2 | PROLOGIS INC (PLD) - 8.40% | ALPHABET INC CLASS A (GOOGL) - 7.43% |
| #3 | AMERICAN TOWER CORP (AMT) - 5.31% | APPLE INC (AAPL) - 7.04% |
| #4 | EQUINIX INC (EQIX) - 4.75% | MICROSOFT CORP (MSFT) - 5.77% |
| #5 | SIMON PROPERTY GROUP INC (SPG) - 4.31% | BROADCOM INC (AVGO) - 4.62% |
| #6 | DIGITAL REALTY TRUST INC (DLR) - 4.12% | VISTRA CORP (VST) - 4.48% |
| #7 | REALTY INCOME CORP (O) - 3.56% | AMAZON.COM INC (AMZN) - 4.45% |
| #8 | PUBLIC STORAGE (PSA) - 3.07% | ELI LILLY AND CO (LLY) - 4.23% |
| #9 | VENTAS INC (VTR) - 2.57% | META PLATFORMS INC CLASS A (META) - 3.17% |
| #10 | CROWN CASTLE INC (CCI) - 2.53% | JPMORGAN CHASE & CO (JPM) - 2.92% |
| #11 | CBRE GROUP INC CLASS A (CBRE) - 2.47% | NETFLIX INC (NFLX) - 2.92% |
| #12 | IRON MOUNTAIN INC (IRM) - 2.45% | VERTIV HOLDINGS CO CLASS A (VRT) - 2.78% |
| #13 | EXTRA SPACE STORAGE INC (EXR) - 1.98% | GE VERNOVA INC (GEV) - 2.65% |
| #14 | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 1.98% | BOOKING HOLDINGS INC (BKNG) - 1.99% |
| #15 | AVALONBAY COMMUNITIES INC (AVB) - 1.71% | COSTCO WHOLESALE CORP (COST) - 1.94% |
| #16 | EQUITY RESIDENTIAL (EQR) - 1.49% | GE AEROSPACE (GE) - 1.92% |
| #17 | SBA COMMUNICATIONS CORP CLASS A (SBAC) - 1.41% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.88% |
| #18 | ESSEX PROPERTY TRUST INC (ESS) - 1.16% | BANK OF AMERICA CORP (BAC) - 1.70% |
| #19 | INVITATION HOMES INC (INVH) - 1.13% | PALO ALTO NETWORKS INC (PANW) - 1.55% |
| #20 | WEYERHAEUSER CO (WY) - 1.13% | WELLS FARGO & CO (WFC) - 1.51% |
| #21 | KIMCO REALTY CORP (KIM) - 1.08% | HNI CORP (HNI) - 0.05% |
| #22 | W.P. CAREY INC (WPC) - 1.07% | NORFOLK SOUTHERN CORP (NSC) - 0.04% |
| #23 | HOST HOTELS & RESORTS INC (HST) - 1.06% | COMCAST CORP CLASS A (CMCSA) - 0.04% |
| #24 | SUN COMMUNITIES INC (SUI) - 1.02% | ADVANCED MICRO DEVICES INC (AMD) - 0.04% |
| #25 | MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 0.99% | ILLINOIS TOOL WORKS INC (ITW) - 0.04% |
| Total Holdings | 130 | 517 |
FREL vs SQS - Historical Returns
Returns include dividend reinvestment.
1M
FREL
-1.92%
Winner
SQS
+4.44%
3M
FREL
-0.90%
Winner
SQS
+12.62%
6M
FREL
+6.14%
SQS
N/A
1Y
FREL
+9.26%
SQS
N/A
5Y(CAGR)
FREL
+2.24%
SQS
N/A
10Y(CAGR)
FREL
+5.75%
SQS
N/A
Max(CAGR)
FREL
+5.14%
Winner
SQS
+75.75%
FREL vs SQS - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | FREL | SQS |
|---|---|---|
| 2026 | +7.32% | +12.62% |
| 2025 | +4.07% | N/A |
| 2024 | +4.10% | N/A |
| 2023 | +11.62% | N/A |
| 2022 | -25.63% | N/A |
| 2021 | +45.48% | N/A |
| 2020 | -3.56% | N/A |
| 2019 | +31.79% | N/A |
| 2018 | -4.08% | N/A |
| 2017 | +8.56% | N/A |
| 2016 | +9.36% | N/A |
| 2015 | -4.72% | N/A |
FREL vs SQS Drawdown Comparison
The maximum drawdown for FREL was -42.57%, occurring on Mar 23, 2020. Recovery took 293 trading sessions.
The maximum drawdown for SQS was -7.18%, occurring on Mar 30, 2026. Recovery took 15 trading sessions.
The current FREL drawdown is -4.12%.
| Rank | FREL | SQS |
|---|---|---|
| #1 | -42.57% Feb 14, 2020 - Apr 15, 2021 | -7.18% Mar 17, 2026 - Apr 8, 2026 |
| #2 | -34.37% Dec 31, 2021 - Oct 25, 2023 | -2.86% May 14, 2026 - May 26, 2026 |
| #3 | -15.67% Feb 5, 2015 - Apr 1, 2016 | -1.71% Apr 27, 2026 - May 1, 2026 |
| #4 | -14.14% Aug 1, 2016 - Sep 18, 2017 | -1.10% Apr 17, 2026 - Apr 22, 2026 |
| #5 | -12.75% Dec 6, 2018 - Jan 30, 2019 | -0.86% May 6, 2026 - May 13, 2026 |
| #6 | -12.43% Dec 18, 2017 - Jun 29, 2018 | -0.40% Apr 22, 2026 - Apr 24, 2026 |
| #7 | -8.54% Aug 29, 2018 - Dec 6, 2018 | -0.25% May 26, 2026 - May 28, 2026 |
| #8 | -7.53% Sep 3, 2021 - Oct 28, 2021 | -0.17% May 1, 2026 - May 5, 2026 |
| #9 | -5.49% Nov 24, 2021 - Dec 7, 2021 | -0.11% Apr 15, 2026 - Apr 17, 2026 |
| #10 | -5.47% Oct 21, 2019 - Jan 16, 2020 | -0.02% May 28, 2026 - Jun 1, 2026 |
| #11 | -5.38% May 10, 2016 - Jun 23, 2016 | N/A |
| #12 | -5.11% Jun 20, 2019 - Jul 10, 2019 | N/A |
| #13 | -4.48% Apr 30, 2021 - May 26, 2021 | N/A |
| #14 | -4.10% Apr 12, 2019 - Jun 5, 2019 | N/A |
| #15 | -3.80% Jul 10, 2019 - Aug 8, 2019 | N/A |
Correlation
Correlation between FREL and SQS is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
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