FPRO vs. FREL
Compare and contrast key facts about Fidelity Real Estate Investment ETF (FPRO) and Fidelity MSCI Real Estate Index ETF (FREL).
FPRO and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPRO or FREL.
Key characteristics
| FPRO | FREL | |
|---|---|---|
| YTD Return | 11.13% | 11.37% |
| 1Y Return | 28.83% | 31.60% |
| 3Y Return (Ann) | 0.03% | -0.68% |
| Sharpe Ratio | 1.86 | 1.94 |
| Sortino Ratio | 2.66 | 2.77 |
| Omega Ratio | 1.33 | 1.35 |
| Calmar Ratio | 1.05 | 1.07 |
| Martin Ratio | 6.67 | 7.51 |
| Ulcer Index | 4.54% | 4.38% |
| Daily Std Dev | 16.22% | 17.00% |
| Max Drawdown | -32.80% | -42.61% |
| Current Drawdown | -7.56% | -8.17% |
Correlation
The correlation between FPRO and FREL is 0.98, 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. FREL - Performance Comparison
The year-to-date returns for both investments are quite close, with FPRO having a 11.13% return and FREL slightly higher at 11.37%. 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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FPRO vs. FREL - Expense Ratio Comparison
FPRO has a 0.59% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
FPRO vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) and Fidelity MSCI Real Estate Index ETF (FREL). 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. FREL - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 2.40%, less than FREL's 3.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.40% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.21% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
FPRO vs. FREL - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.80%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FPRO and FREL. For additional features, visit the drawdowns tool.
Volatility
FPRO vs. FREL - Volatility Comparison
Fidelity Real Estate Investment ETF (FPRO) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 5.29% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.