FREI vs IVV
Fidelity Real Estate Income Fund ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FREI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $21M | $886.7B | |
| Dividend Yield | 0.72% | 1.10% | |
| Holdings | 377 | 508 | |
| YTD Return | +0.72% | +12.92% | |
| 1Y Return | - | +21.22% | |
| 3Y Return (annualized) | - | +20.95% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | - | 15.1% | |
| Max Drawdown | -2.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2026 | May 15, 2000 |
FREI vs IVV Performance
Fidelity Real Estate Income Fund ETF (FREI) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Year to date, FREI is up 0.72% versus a gain of 12.92% for IVV.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.3% for FREI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FREI charges 0.57% per year while IVV charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, FREI currently yields 0.72% against 1.10% for IVV.
Holdings Overlap
FREI and IVV share 22 holdings out of 860 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FREI or IVV?
FREI has an expense ratio of 0.57% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
What is the holdings overlap between FREI and IVV?
FREI and IVV share 22 common holdings with a 1.5% weight overlap. Combined, they hold 860 unique securities.
Which pays a higher dividend, FREI or IVV?
FREI yields 0.72% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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