{
  "page": "compare",
  "query": {
    "a": "USRT",
    "b": "FREL"
  },
  "retrieved_at": "2026-07-07T18:10:24+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "iShares Core U.S. REIT ETF",
    "ticker": "USRT",
    "slug": "USRT",
    "series_id": "S000015627",
    "html_url": "https://fundwatcher.app/funds/USRT/"
  },
  "fund_b": {
    "name": "Fidelity MSCI Real Estate Index ETF",
    "ticker": "FREL",
    "slug": "FREL",
    "series_id": "S000047984",
    "html_url": "https://fundwatcher.app/funds/FREL/"
  },
  "overlap": {
    "coverage_a_by_b": "0.8190465070829996199656138957",
    "coverage_b_by_a": "0.8190465070829996199656138956",
    "shared_count": 107,
    "as_of": {
      "a": "2026-01-31",
      "b": "2026-04-30"
    },
    "a_top": [
      {
        "name": "WELLTOWER INC",
        "value": "284951384.72",
        "weight": "0.08533779",
        "shared": true
      },
      {
        "name": "PROLOGIS INC REIT",
        "value": "269440849.92",
        "weight": "0.08069267",
        "shared": true
      },
      {
        "name": "EQUINIX INC",
        "value": "200077880.53",
        "weight": "0.05991971",
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      },
      {
        "name": "SIMON PROPERTY",
        "value": "154294767.27",
        "weight": "0.04620850",
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      },
      {
        "name": "DIGITAL REALTY TRUST INC",
        "value": "151383738.75",
        "weight": "0.04533670",
        "shared": true
      },
      {
        "name": "REALTY INCOME CORP REIT",
        "value": "148490730.96",
        "weight": "0.04447029",
        "shared": true
      },
      {
        "name": "PUBLIC STORAGE",
        "value": "130453927.46",
        "weight": "0.03906859",
        "shared": true
      },
      {
        "name": "VENTAS INC REIT",
        "value": "109312835.67",
        "weight": "0.03273722",
        "shared": true
      },
      {
        "name": "VICI PROPERTIES",
        "value": "90160302.96",
        "weight": "0.02700138",
        "shared": true
      },
      {
        "name": "EXTRA SPACE STORAGE INC",
        "value": "87366191.22",
        "weight": "0.02616460",
        "shared": true
      },
      {
        "name": "IRON MOUNTAIN INC",
        "value": "81245393.28",
        "weight": "0.02433153",
        "shared": true
      },
      {
        "name": "AVALONBAY COMMUNITIES INC REIT",
        "value": "75946285.19",
        "weight": "0.02274454",
        "shared": true
      },
      {
        "name": "EQUITY RESIDENTIAL REIT",
        "value": "70946832.96",
        "weight": "0.02124729",
        "shared": true
      },
      {
        "name": "INVITATION HOMES INC",
        "value": "49159036.08",
        "weight": "0.01472224",
        "shared": true
      },
      {
        "name": "ESSEX PROPERTY TRUST INC",
        "value": "48248469.07",
        "weight": "0.01444954",
        "shared": true
      },
      {
        "name": "MID AMERICA APT CMNTY INC",
        "value": "46969141.90",
        "weight": "0.01406641",
        "shared": true
      },
      {
        "name": "SUN COMMUNITIES INC - REIT",
        "value": "46906473.28",
        "weight": "0.01404764",
        "shared": true
      },
      {
        "name": "WP CAREY INC",
        "value": "45441497.25",
        "weight": "0.01360891",
        "shared": true
      },
      {
        "name": "KIMCO REALTY CORPORATION",
        "value": "42339116.76",
        "weight": "0.01267980",
        "shared": true
      },
      {
        "name": "REGENCY CENTERS CORP REIT",
        "value": "39564620.76",
        "weight": "0.01184889",
        "shared": true
      },
      {
        "name": "OMEGA HEALTHCARE INVESTORS INC",
        "value": "38910546.12",
        "weight": "0.01165301",
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      },
      {
        "name": "HOST HOTELS & RE",
        "value": "38193276.27",
        "weight": "0.01143820",
        "shared": true
      },
      {
        "name": "UDR INC",
        "value": "36889132.70",
        "weight": "0.01104763",
        "shared": true
      },
      {
        "name": "GAMING AND LEISURE PROPRTI INC",
        "value": "36520206.50",
        "weight": "0.01093714",
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      },
      {
        "name": "EQUITY LIFESTYLE PPTYS INC",
        "value": "36480359.15",
        "weight": "0.01092521",
        "shared": true
      },
      {
        "name": "HEALTHPEAK PROPERTIES INC",
        "value": "35919419.32",
        "weight": "0.01075722",
        "shared": true
      },
      {
        "name": "CAMDEN PROP TR",
        "value": "34598184.45",
        "weight": "0.01036153",
        "shared": true
      },
      {
        "name": "LAMAR ADVERTISING CO CL A",
        "value": "33289387.95",
        "weight": "0.00996957",
        "shared": true
      },
      {
        "name": "AMERICAN HOMES-A",
        "value": "32163635.52",
        "weight": "0.00963243",
        "shared": true
      },
      {
        "name": "BXP INC",
        "value": "30787252.89",
        "weight": "0.00922023",
        "shared": true
      },
      {
        "name": "EASTGROUP PROP",
        "value": "28904554.84",
        "weight": "0.00865639",
        "shared": true
      },
      {
        "name": "REXFORD INDUSTRIAL REALTY INC",
        "value": "28398114.57",
        "weight": "0.00850472",
        "shared": true
      },
      {
        "name": "ALEXANDRIA REAL ES EQ INC REIT",
        "value": "28169488.08",
        "weight": "0.00843625",
        "shared": true
      },
      {
        "name": "FED REALTY INVS",
        "value": "25864184.16",
        "weight": "0.00774586",
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      },
      {
        "name": "CUBESMART",
        "value": "25534286.10",
        "weight": "0.00764706",
        "shared": true
      },
      {
        "name": "CARETRUST REIT INC",
        "value": "24975269.74",
        "weight": "0.00747964",
        "shared": true
      },
      {
        "name": "AGREE REALTY CORP",
        "value": "24553505.05",
        "weight": "0.00735333",
        "shared": true
      },
      {
        "name": "BRIXMOR PROPERTY",
        "value": "24516814.92",
        "weight": "0.00734234",
        "shared": true
      },
      {
        "name": "AMERICAN HEALTHCARE REIT INC",
        "value": "23605299.64",
        "weight": "0.00706936",
        "shared": true
      },
      {
        "name": "NNN REIT INC",
        "value": "23421998.61",
        "weight": "0.00701447",
        "shared": true
      },
      {
        "name": "FIRST INDUSTRIAL REALTY TRUST",
        "value": "22328319.16",
        "weight": "0.00668693",
        "shared": true
      },
      {
        "name": "STAG INDUSTRIAL INC CL A",
        "value": "21055113.20",
        "weight": "0.00630563",
        "shared": true
      },
      {
        "name": "TERRENO REALTY CORP",
        "value": "18742068.54",
        "weight": "0.00561291",
        "shared": true
      },
      {
        "name": "ESSENTIAL PROPERTIES REALTY TRUST INC",
        "value": "17931678.60",
        "weight": "0.00537021",
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      },
      {
        "name": "RYMAN HOSPITALITY PPTYS INC",
        "value": "17389192.80",
        "weight": "0.00520775",
        "shared": true
      },
      {
        "name": "VORNADO RLTY TST",
        "value": "16918429.08",
        "weight": "0.00506676",
        "shared": true
      },
      {
        "name": "HEALTHCARE REALTY TRUST INC",
        "value": "16547434.87",
        "weight": "0.00495566",
        "shared": true
      },
      {
        "name": "KITE REALTY GROUP TRUST",
        "value": "15195046.77",
        "weight": "0.00455064",
        "shared": true
      },
      {
        "name": "MACERICH COMPANY",
        "value": "14303716.23",
        "weight": "0.00428370",
        "shared": true
      },
      {
        "name": "MILLROSE PROPERTIES INC",
        "value": "13709758.20",
        "weight": "0.00410582",
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      }
    ],
    "b_top": [
      {
        "name": "WELLTOWER INC",
        "value": "124125047.40",
        "weight": "0.08603530",
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      },
      {
        "name": "PROLOGIS INC REIT",
        "value": "118170297.36",
        "weight": "0.08190786",
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      },
      {
        "name": "AMERICAN TOWER CORP",
        "value": "76388493.06",
        "weight": "0.05294747",
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      },
      {
        "name": "EQUINIX INC",
        "value": "68181473.78",
        "weight": "0.04725890",
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      },
      {
        "name": "DIGITAL REALTY TRUST INC",
        "value": "62356705.50",
        "weight": "0.04322156",
        "shared": true
      },
      {
        "name": "SIMON PROPERTY",
        "value": "61762020.06",
        "weight": "0.04280936",
        "shared": true
      },
      {
        "name": "REALTY INCOME CORP REIT",
        "value": "53411384.40",
        "weight": "0.03702125",
        "shared": true
      },
      {
        "name": "PUBLIC STORAGE",
        "value": "44539089.45",
        "weight": "0.03087156",
        "shared": true
      },
      {
        "name": "CBRE GROUP INC - CL A",
        "value": "39649680.35",
        "weight": "0.02748254",
        "shared": false
      },
      {
        "name": "VENTAS INC REIT",
        "value": "37308079.66",
        "weight": "0.02585950",
        "shared": true
      },
      {
        "name": "CROWN CASTLE INC",
        "value": "36099901.16",
        "weight": "0.02502207",
        "shared": false
      },
      {
        "name": "IRON MOUNTAIN INC",
        "value": "34984021.27",
        "weight": "0.02424862",
        "shared": true
      },
      {
        "name": "VICI PROPERTIES",
        "value": "29377331.60",
        "weight": "0.02036243",
        "shared": true
      },
      {
        "name": "EXTRA SPACE STORAGE INC",
        "value": "28702262.49",
        "weight": "0.01989452",
        "shared": true
      },
      {
        "name": "AVALONBAY COMMUNITIES INC REIT",
        "value": "24652479.00",
        "weight": "0.01708747",
        "shared": true
      },
      {
        "name": "SBA COMMUNICATIONS CORP",
        "value": "22591598.40",
        "weight": "0.01565901",
        "shared": false
      },
      {
        "name": "EQUITY RESIDENTIAL REIT",
        "value": "21414695.96",
        "weight": "0.01484326",
        "shared": true
      },
      {
        "name": "WEYERHAEUSER CO",
        "value": "17008690.32",
        "weight": "0.01178930",
        "shared": false
      },
      {
        "name": "INVITATION HOMES INC",
        "value": "16121413.35",
        "weight": "0.01117430",
        "shared": true
      },
      {
        "name": "ESSEX PROPERTY TRUST INC",
        "value": "16085026.31",
        "weight": "0.01114908",
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      },
      {
        "name": "SUN COMMUNITIES INC - REIT",
        "value": "15260516.48",
        "weight": "0.01057758",
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      },
      {
        "name": "WP CAREY INC",
        "value": "15184609.44",
        "weight": "0.01052497",
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      },
      {
        "name": "KIMCO REALTY CORPORATION",
        "value": "15143973.12",
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      },
      {
        "name": "JONES LANG LASALLE INC",
        "value": "14370568.36",
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      },
      {
        "name": "MID AMERICA APT CMNTY INC",
        "value": "14306297.46",
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      },
      {
        "name": "HOST HOTELS & RE",
        "value": "14167453.70",
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      },
      {
        "name": "COSTAR GROUP INC",
        "value": "13757059.68",
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      },
      {
        "name": "REGENCY CENTERS CORP REIT",
        "value": "13027107.60",
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      },
      {
        "name": "OMEGA HEALTHCARE INVESTORS INC",
        "value": "12618584.44",
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      },
      {
        "name": "GAMING AND LEISURE PROPRTI INC",
        "value": "12564369.58",
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      },
      {
        "name": "LAMAR ADVERTISING CO CL A",
        "value": "11505091.28",
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      },
      {
        "name": "HEALTHPEAK PROPERTIES INC",
        "value": "10899113.61",
        "weight": "0.00755455",
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      },
      {
        "name": "UDR INC",
        "value": "10767614.68",
        "weight": "0.00746340",
        "shared": true
      },
      {
        "name": "EQUITY LIFESTYLE PPTYS INC",
        "value": "10762211.34",
        "weight": "0.00745966",
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      },
      {
        "name": "CAMDEN PROP TR",
        "value": "10677698.46",
        "weight": "0.00740108",
        "shared": true
      },
      {
        "name": "AMERICAN HOMES-A",
        "value": "9941052.96",
        "weight": "0.00689048",
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      },
      {
        "name": "EASTGROUP PROP",
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      },
      {
        "name": "CUBESMART",
        "value": "8666646.56",
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      },
      {
        "name": "BRIXMOR PROPERTY",
        "value": "8611396.92",
        "weight": "0.00596885",
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      },
      {
        "name": "BXP INC",
        "value": "8277526.78",
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      },
      {
        "name": "CARETRUST REIT INC",
        "value": "8261303.40",
        "weight": "0.00572619",
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      },
      {
        "name": "FED REALTY INVS",
        "value": "8258168.50",
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      },
      {
        "name": "AMERICAN HEALTHCARE REIT INC",
        "value": "8191626.48",
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      },
      {
        "name": "AGREE REALTY CORP",
        "value": "8006485.52",
        "weight": "0.00554957",
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      },
      {
        "name": "FIRST INDUSTRIAL REALTY TRUST",
        "value": "7840730.43",
        "weight": "0.00543468",
        "shared": true
      },
      {
        "name": "NNN REIT INC",
        "value": "7728190.57",
        "weight": "0.00535667",
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      },
      {
        "name": "REXFORD INDUSTRIAL REALTY INC",
        "value": "7572502.88",
        "weight": "0.00524876",
        "shared": true
      },
      {
        "name": "ZILLOW GROUP INC CL C",
        "value": "6765361.20",
        "weight": "0.00468930",
        "shared": false
      },
      {
        "name": "HEALTHCARE REALTY TRUST INC",
        "value": "6673431.60",
        "weight": "0.00462558",
        "shared": true
      },
      {
        "name": "STAG INDUSTRIAL INC CL A",
        "value": "6619440.66",
        "weight": "0.00458816",
        "shared": true
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-011792",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1100663/000094040026011792/0000940400-26-011792-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001410368-26-063884",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/945908/000141036826063884/0001410368-26-063884-index.htm"
    }
  ]
}