FPRO vs. FR
Compare and contrast key facts about Fidelity Real Estate Investment ETF (FPRO) and First Industrial Realty Trust, Inc. (FR).
FPRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPRO or FR.
Key characteristics
| FPRO | FR | |
|---|---|---|
| YTD Return | -10.02% | -13.14% |
| 1Y Return | -2.91% | -10.17% |
| 3Y Return (Ann) | -2.91% | -0.71% |
| Sharpe Ratio | -0.20 | -0.49 |
| Daily Std Dev | 17.83% | 22.76% |
| Max Drawdown | -32.80% | -95.42% |
| Current Drawdown | -25.16% | -27.46% |
Correlation
The correlation between FPRO and FR is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FPRO vs. FR - Performance Comparison
In the year-to-date period, FPRO achieves a -10.02% return, which is significantly higher than FR's -13.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FPRO vs. FR - Risk-Adjusted Performance 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.
Dividends
FPRO vs. FR - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 3.10%, more than FR's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 3.10% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FR First Industrial Realty Trust, Inc. | 2.93% | 2.43% | 2.45% | 1.63% | 2.37% | 2.22% | 3.01% | 2.67% | 2.71% | 2.30% | 1.99% | 1.95% |
Drawdowns
FPRO vs. FR - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.80%, 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. For additional features, visit the drawdowns tool.
Volatility
FPRO vs. FR - Volatility Comparison
The current volatility for Fidelity Real Estate Investment ETF (FPRO) is 5.51%, while First Industrial Realty Trust, Inc. (FR) has a volatility of 8.11%. 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.