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FREL · Fidelity MSCI Real Estate Index ETF
Over the last 12 years (2015-03 to 2026-10), $10,000 invested in FREL with dividends reinvested grew to $17,439, 4.88% a year, with a worst peak-to-trough fall of -33.24%. Past performance doesn't predict future results.
Growth of $10,000 · 2015-03 to 2026-10 · dividends reinvested
How FREL held up in past market crashes
FREL has been through 3 of the market crashes since 2000 in our data. Its deepest price fall was 43.4% in the 2020 COVID crash, when the S&P 500 fell 34.1%. It took 14 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.
| Crash | FREL deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| 2018 fourth-quarter selloff | -13.7% | -20.2% | Sep 2018 to Dec 2018 | 1 months |
| 2020 COVID crash | -43.4% | -34.1% | Feb 2020 to Mar 2020 | 14 months |
| 2022 bear market | -33.6% | -25.4% | Jan 2022 to Oct 2022 | Not yet |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About FREL
Fidelity MSCI Real Estate Index ETF is an exchange-traded fund designed to provide broad exposure to U.S. real estate companies, including real estate investment trusts and other property-related businesses. The fund seeks to track the performance of the MSCI USA IMI Real Estate 25/25 Index, using a passive index-based approach and holding a diversified basket of large-, mid-, and small-cap real estate securities. Its portfolio typically includes major operators across property ownership, leasing, data centers, cell towers, self-storage, residential, retail, and healthcare real estate, making it a sector-focused tool for gaining access to the U.S. real estate market. Managed by Fidelity, the ETF is used by investors looking for a single-fund way to follow the real estate segment of U.S. equities with broad market representation and low-cost index exposure.
Put FREL to the test
Every tool below opens prefilled with FREL: free, no account needed.
Backtest FREL →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would FREL survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare FREL vs VTI →
Head-to-head against the total US market.
Replay $100/mo into FREL →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.