FPRO vs. AOMR
FPRO (Fidelity Real Estate Investment ETF) is REIT fund actively managed by Fidelity, while AOMR (Angel Oak Mortgage, Inc.) is a stock. Over the past 5 years, FPRO returned 3.47%/yr vs -2.10%/yr for AOMR. At a 0.36 correlation, their price movements are largely independent.
Performance
FPRO vs. AOMR - Performance Comparison
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Returns By Period
In the year-to-date period, FPRO achieves a 12.54% return, which is significantly higher than AOMR's 8.52% return.
FPRO
- 1D
- 0.99%
- 1M
- -0.01%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 12.34%
- 3Y*
- 11.04%
- 5Y*
- 3.47%
- 10Y*
- —
AOMR
- 1D
- 2.60%
- 1M
- 6.64%
- YTD
- 8.52%
- 6M
- 6.54%
- 1Y
- 10.79%
- 3Y*
- 18.20%
- 5Y*
- -2.10%
- 10Y*
- —
FPRO vs. AOMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 12.54% | 2.60% | 5.63% | 10.93% | -25.02% | 16.53% |
AOMR Angel Oak Mortgage, Inc. | 8.52% | 6.20% | -1.89% | 159.86% | -67.27% | -10.21% |
Correlation
The correlation between FPRO and AOMR is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.36 |
The correlation between FPRO and AOMR shifts across timeframes, from 0.36 (5 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FPRO vs. AOMR — Risk / Return Rank
FPRO
AOMR
FPRO vs. AOMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) and Angel Oak Mortgage, Inc. (AOMR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPRO | AOMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.70 | +0.92 |
| Martin ratioReturn relative to average drawdown | 4.62 | 1.40 | +3.22 |
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Drawdowns
FPRO vs. AOMR - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.81%, smaller than the maximum AOMR drawdown of -71.21%. Use the drawdown chart below to compare losses from any high point for FPRO and AOMR.
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Drawdown Indicators
| FPRO | AOMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -71.21% | +38.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -15.57% | +7.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -37.21% | +20.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -71.21% | +38.40% |
Current DrawdownCurrent decline from peak | -1.73% | -14.34% | +12.61% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -23.36% | +10.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 7.73% | -5.05% |
Volatility
FPRO vs. AOMR - Volatility Comparison
The current volatility for Fidelity Real Estate Investment ETF (FPRO) is 4.80%, while Angel Oak Mortgage, Inc. (AOMR) has a volatility of 7.13%. This indicates that FPRO experiences smaller price fluctuations and is considered to be less risky than AOMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPRO | AOMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 7.13% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 16.35% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 23.96% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 38.65% | -19.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 38.61% | -20.24% |
Dividends
FPRO vs. AOMR - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 2.52%, less than AOMR's 14.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AOMR Angel Oak Mortgage, Inc. | 14.76% | 14.87% | 13.79% | 12.08% | 35.31% | 2.93% |
FPRO Fidelity Real Estate Investment ETF | 2.52% | 2.69% | 2.50% | 2.83% | 2.67% | 1.69% |
Frequently Asked Questions
FPRO and AOMR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOMR has higher volatility (7.13%) compared to FPRO (4.80%). In terms of maximum drawdown, FPRO dropped -32.81% vs AOMR's -71.21%.
FPRO currently has the higher Sharpe Ratio (0.91 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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