FREL vs SPY

AFREL

BSPY

Measures won2–4SPY wins · of 6 · 5Y

$10,000 · 5Y$17,543VOO · SPY $17,493

Lowest cost0.03%VOO · $3 on $10k

Most income3.29%FREL · $329 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common1.8%FREL and SPY

FREL

SPY

Fidelity MSCI Real Estate Index ETF · $1.4BState Street SPDR S&P 500 ETF · $778B

+12.9%3 years · per year$14,387 · $18,118+21.9%

+1.5%5 years · per year$10,757 · $17,493+11.8%

0.08%Expense ratio$8 · $9 on $10k · lower wins0.09%

3.29%12-mo yield$329 · $101 on $10k1.01%

−11.6%Worst dropSmaller wins−8.9%

14.3%VolatilityLower wins13.7%

2–4SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsFREL · SPY

9.8%WELL0.3%

7.1%PLD0.2%

5.4%EQIX0.2%

4.8%AMT0.1%

Held in common1.8%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	AFREL	Fidelity MSCI Real Estate Index ETFRead Desk	0.08%	3.29%	+1.6%	+12.9%	+13.5%	+12.9%	+1.5%	−11.6%	$1.4B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	AFREL	Fidelity MSCI Real Estate Index ETFRead Desk	0.08%	3.29%	+1.6%	+12.9%	+13.5%	+12.9%	+1.5%	−11.6%	$1.4B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

FREL vs SPY

FREL

Fidelity MSCI Real Estate Index

$10,757

SPY

SPDR S&P 500

$17,493

MeasureFRELSPY

Fee0.08%0.09%

Cost on $10k a year$8$9

Yield3.29%1.01%

5 years, per year+1.5%+11.8%

3 years, per year+12.9%+21.9%

Worst drop · 1Y−11.6%−8.9%

Volatility · 1Y14.3%13.7%

4–2measures won
SPY first

1.8%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 9, 2026

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

Overlap: FREL, SPY, VOO

Today

92.7%most shared, SPY and VOO

FRELSPYVOO

FREL—1.8%1.6%

SPY1.8%—92.7%

VOO1.6%92.7%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$321most kept, FREL

FREL$329 − $8 = $321

VOO$107 − $3 = $104

SPY$101 − $9 = $92

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee