FPRO vs. WM
Compare and contrast key facts about Fidelity Real Estate Investment ETF (FPRO) and Waste Management, Inc. (WM).
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 WM.
Key characteristics
| FPRO | WM | |
|---|---|---|
| YTD Return | 10.00% | 24.43% |
| 1Y Return | 27.00% | 31.42% |
| 3Y Return (Ann) | -0.24% | 13.09% |
| Sharpe Ratio | 1.71 | 1.81 |
| Sortino Ratio | 2.45 | 2.36 |
| Omega Ratio | 1.30 | 1.40 |
| Calmar Ratio | 0.96 | 2.71 |
| Martin Ratio | 6.13 | 7.83 |
| Ulcer Index | 4.52% | 4.10% |
| Daily Std Dev | 16.22% | 17.74% |
| Max Drawdown | -32.80% | -77.85% |
| Current Drawdown | -8.50% | -0.99% |
Correlation
The correlation between FPRO and WM is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FPRO vs. WM - Performance Comparison
In the year-to-date period, FPRO achieves a 10.00% return, which is significantly lower than WM's 24.43% 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. WM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) and Waste Management, Inc. (WM). 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. WM - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 2.43%, more than WM's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.43% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.34% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% | 2.92% | 3.25% |
Drawdowns
FPRO vs. WM - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.80%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for FPRO and WM. For additional features, visit the drawdowns tool.
Volatility
FPRO vs. WM - Volatility Comparison
The current volatility for Fidelity Real Estate Investment ETF (FPRO) is 5.11%, while Waste Management, Inc. (WM) has a volatility of 6.30%. This indicates that FPRO experiences smaller price fluctuations and is considered to be less risky than WM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.