Fidelity Real Estate Investment ETF (FPRO) belongs to the REIT category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FPRO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FPRO
FPRO charges 0.59% annually. There are 44 ETFs in the REIT category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab US REIT ETF | 0.07% | 11.27B | Jan 2011 | FPRO vs SCHH | |
| iShares Core U.S. REIT ETF | 0.08% | 4.51B | May 2007 | FPRO vs USRT | |
| Fidelity MSCI Real Estate Index ETF | 0.08% | 1.45B | Feb 2015 | FPRO vs FREL | |
| Xtrackers International Real Estate ETF | 0.10% | 1.04B | Oct 2013 | FPRO vs HAUZ | |
| JPMorgan BetaBuilders MSCI US REIT ETF | 0.11% | 1.24B | Jun 2018 | FPRO vs BBRE |
Best Risk-Adjusted Alternatives to FPRO
FPRO has a PortfoliosLab risk / return rank of 39. There are 25 ETFs in the REIT category with higher risk-adjusted ranks, going as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | 84 | 2.25B | Oct 2020 | FPRO vs DTCR | |
| Virtus Real Asset Income ETF | 82 | 18.07M | Feb 2019 | FPRO vs VRAI | |
| SPDR Dow Jones REIT ETF | 61 | 1.83B | Apr 2001 | FPRO vs RWR | |
| First Trust S&P REIT Index Fund | 60 | 187.94M | May 2007 | FPRO vs FRI | |
| iShares Core U.S. REIT ETF | 59 | 4.51B | May 2007 | FPRO vs USRT |
Top Performing FPRO Alternatives (YTD)
FPRO is at 14.53% YTD. There are 23 ETFs in the REIT category with higher YTD returns, going as high as 35.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | 35.04% | 2.25B | Oct 2020 | FPRO vs DTCR | |
| Direxion Daily Real Estate Bull 3x Shares | 29.86% | 46.24M | Jul 2009 | FPRO vs DRN | |
| Invesco KBW Premium Yield Equity REIT ETF | 25.72% | 314.47M | Dec 2010 | FPRO vs KBWY | |
| Virtus Real Asset Income ETF | 22.38% | 18.07M | Feb 2019 | FPRO vs VRAI | |
| ProShares Ultra Real Estate | 21.12% | 56.58M | Jan 2007 | FPRO vs URE |
Lowest Volatility Alternatives to FPRO
FPRO has 13.84% 1-year volatility. There are 26 ETFs in the REIT category with lower 1-year volatility, going as low as 7.99%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| InfraCap REIT Preferred ETF | 7.99% | 117.50M | Feb 2017 | FPRO vs PFFR | |
| NEOS Real Estate High Income ETF | 10.89% | 292.13M | Jan 2025 | FPRO vs IYRI | |
| IQ CBRE Real Assets ETF | 10.95% | 6.52M | May 2023 | FPRO vs IQRA | |
| State Street Real Estate Select Sector SPDR Premiu... | 11.21% | 2.58M | Jul 2025 | FPRO vs XLRI | |
| Global X SuperDividend REIT ETF | 11.47% | 232.88M | Mar 2015 | FPRO vs SRET |
Lowest Drawdown Alternatives to FPRO
FPRO has a 1-year max drawdown of -7.67%. There are 5 ETFs in the REIT category with shallower 1-year drawdowns, going as shallow as -4.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Real Asset Income ETF | -4.82% | 18.07M | Feb 2019 | FPRO vs VRAI | |
| InfraCap REIT Preferred ETF | -6.57% | 117.50M | Feb 2017 | FPRO vs PFFR | |
| ALPS Active REIT ETF | -7.35% | 55.26M | Feb 2021 | FPRO vs REIT | |
| NEOS Real Estate High Income ETF | -7.53% | 292.13M | Jan 2025 | FPRO vs IYRI | |
| First Trust S&P REIT Index Fund | -7.57% | 187.94M | May 2007 | FPRO vs FRI |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 58 | 23.14% | 20.96B | Oct 2013 | FPRO vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 71 | 11.08% | 9.74B | Sep 2016 | FPRO vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.99% | 10.22B | Jan 2024 | FPRO vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 36 | 0.12% | 26.62B | Oct 2014 | FPRO vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 55 | 12.20% | 10.69B | Sep 2003 | FPRO vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 44 | 11.18% | 6.97B | Jun 2020 | FPRO vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 72 | 11.33% | 7.88B | Apr 2007 | FPRO vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 32 | 8.15% | 2.35B | Oct 2013 | FPRO vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -40.36% | 750.93M | Jul 2024 | FPRO vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 32 | 4.30% | 5.65B | Nov 2023 | FPRO vs FELG |
Often Compared With FPRO
Investors most often compare FPRO with FSRNX, FR, AOMR. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FPRO with Any Fund or Stock
Compare FPRO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FPRO with funds that move differently
Fidelity Real Estate Investment ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPRO.
Explore FPRO Diversifiers