FPRO vs. FR
FPRO (Fidelity Real Estate Investment ETF) is REIT fund actively managed by Fidelity, while FR (First Industrial Realty Trust, Inc.) is a stock. Over the past 5 years, FPRO returned 3.17%/yr vs 6.64%/yr for FR. Their 0.79 correlation means they have sometimes moved together and sometimes differently.
Performance
FPRO vs. FR - Performance Comparison
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Returns By Period
In the year-to-date period, FPRO achieves a 15.85% return, which is significantly lower than FR's 16.90% return.
FPRO
- 1D
- -0.63%
- 1M
- 1.33%
- 6M
- 12.32%
- YTD
- 15.85%
- 1Y
- 16.94%
- 3Y*
- 9.73%
- 5Y*
- 3.17%
- 10Y*
- —
- ALL TIME*
- 7.20%
FR
- 1D
- -0.21%
- 1M
- 5.51%
- 6M
- 15.37%
- YTD
- 16.90%
- 1Y
- 42.13%
- 3Y*
- 11.75%
- 5Y*
- 6.64%
- 10Y*
- 11.45%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $92.53K | $150.54K | $128.01K | |
| $80.31M | $90.64M | $71.86M |
FPRO vs. FR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 15.85% | 2.60% | 5.63% | 10.93% | -25.02% | 40.20% |
FR First Industrial Realty Trust, Inc. | 16.90% | 18.17% | -2.01% | 11.91% | -25.37% | 59.76% |
Correlation
The correlation between FPRO and FR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021 | 0.79 |
The correlation between FPRO and FR shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FPRO vs. FR — Risk / Return Rank
FPRO
FR
FPRO vs. FR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) and First Industrial Realty Trust, Inc. (FR). 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 | FR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.89 | -1.75 |
| Martin ratioReturn relative to average drawdown | 6.65 | 12.89 | -6.23 |
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Drawdowns
FPRO vs. FR - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.81%, smaller than the maximum FR drawdown of -95.42%. Use the drawdown chart below to compare losses from any high point for FPRO and FR.
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Drawdown Indicators
| FPRO | FR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -95.42% | +62.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -10.24% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -25.11% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -35.95% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.12% | — |
Current DrawdownCurrent decline from peak | -1.86% | -4.39% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -12.31% | -25.24% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.09% | -0.62% |
Volatility
FPRO vs. FR - Volatility Comparison
The current volatility for Fidelity Real Estate Investment ETF (FPRO) is 4.36%, while First Industrial Realty Trust, Inc. (FR) has a volatility of 6.25%. This indicates that FPRO experiences smaller price fluctuations and is considered to be less risky than FR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPRO | FR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 6.25% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 15.07% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 20.26% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 22.98% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 24.44% | -6.12% |
Dividends
FPRO vs. FR - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 2.45%, less than FR's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.45% | 2.69% | 2.50% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FR First Industrial Realty Trust, Inc. | 2.87% | 3.11% | 2.95% | 2.43% | 2.45% | 1.63% | 2.37% | 2.22% | 3.01% | 2.67% | 2.71% | 2.30% |
Frequently Asked Questions
FPRO and FR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FR has higher volatility (6.25%) compared to FPRO (4.36%). In terms of maximum drawdown, FPRO dropped -32.81% vs FR's -95.42%.
FR currently has the higher Sharpe Ratio (1.97 vs 1.20), 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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