DFAR vs FREL
DFA Real Estate Securities Portfolio – ETF Class Shares compared with Fidelity MSCI Real Estate Index ETF on yield, payout growth, payment schedule, cost and risk.
DFAR
DFA Real Estate Securities Portfolio – ETF Class Shares
TTM yield · Quarterly
FREL
Fidelity MSCI Real Estate Index ETF
TTM yield · Quarterly
Quick take
- DFAR yields more today: 4.98% vs 3.31% (forward).
- DFAR has grown its payout faster: 10.1%/yr vs 2.4%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year DFAR delivered the higher total return: +7.1% vs +4.7% (price change plus payouts).
- FREL is cheaper to own: 0.08% vs 0.18% expense ratio.
- FREL has the steadier distribution: consistency 92/100 vs 32/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | DFAR | FREL |
|---|---|---|
| Share price | $24.67 | $28.15 |
| TTM yield | 3.52% | 3.45% |
| Forward yield | 4.98% | 3.31% |
| Annual payout per share | $1.228 | $0.932 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 22, 2026 (est.) | Dec 18, 2026 (est.) |
| Expense ratio | 0.18% | 0.08% |
| 1-year payout growth | +32.1% | -0.1% |
| 5-year payout CAGR | — | +1.0% |
| Consecutive years of increases | 3 years | 0 years |
| Payout consistency (last 12) | 32/100 | 92/100 |
| 1-year total return | +7.1% | +4.7% |
| 1-year price return | +3.4% | +1.2% |
| Size (market cap / AUM) | 8.1B | 1.3B |
| Years paying | 4.6 | 11.6 |
| Sector / category | Real Estate | Real Estate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| DFAR | FREL | |
|---|---|---|
| Shares | 405.4 | 355.2 |
| Income per year | $498 | $331 |
| Income per month (avg) | $41 | $28 |
At forward yields, before taxes. Model DFAR · Model FREL
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| DFAR Dec 22, 2026 | Jan 5, 2027 | $0.307 | Est. |
| DFAR Mar 23, 2027 | Apr 6, 2027 | $0.307 | Est. |
| DFAR Jun 22, 2027 | Jul 6, 2027 | $0.307 | Est. |
| FREL Dec 18, 2026 | Jan 1, 2027 | $0.233 | Est. |
| FREL Mar 19, 2027 | Apr 2, 2027 | $0.233 | Est. |
| FREL Jun 18, 2027 | Jul 2, 2027 | $0.233 | Est. |
Annual payouts per share
DFARFREL
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, DFAR or FREL?
DFAR currently has the higher trailing yield: DFAR yields 3.52% and FREL yields 3.45%. Yield changes daily with price, so check the live figures above.
How often do DFAR and FREL pay?
DFAR pays every quarter and FREL pays every quarter. DFAR's next ex-date is Dec 22, 2026 and FREL's is Dec 18, 2026.
Which has grown its dividend faster, DFAR or FREL?
DFAR has grown its payout faster: 10.1%/yr vs 2.4%/yr over the last 3 years.
Is DFAR or FREL better for income?
It depends on what you are optimising for. DFAR and FREL differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.