FPRO vs. XLRI
FPRO (Fidelity Real Estate Investment ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FPRO is a REIT fund actively managed by Fidelity, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. FPRO charges 0.59%/yr vs 0.35%/yr for XLRI.
Performance
FPRO vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, FPRO achieves a 11.43% return, which is significantly higher than XLRI's 4.25% return.
FPRO
- 1D
- -0.10%
- 1M
- -0.68%
- YTD
- 11.43%
- 6M
- 12.46%
- 1Y
- 11.24%
- 3Y*
- 9.02%
- 5Y*
- 3.48%
- 10Y*
- —
XLRI
- 1D
- -0.23%
- 1M
- -1.08%
- YTD
- 4.25%
- 6M
- 5.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPRO vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 11.43% | -2.21% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 4.25% | -0.57% |
Correlation
The correlation between FPRO and XLRI is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.95 |
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Return for Risk
FPRO vs. XLRI — Risk / Return Rank
FPRO
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPRO vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment ETF (FPRO) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). 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 | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | — | — |
| Martin ratioReturn relative to average drawdown | 4.20 | — | — |
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Drawdowns
FPRO vs. XLRI - Drawdown Comparison
The maximum FPRO drawdown since its inception was -32.81%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for FPRO and XLRI.
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Drawdown Indicators
| FPRO | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -7.12% | -25.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -2.84% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -1.65% | -10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | — | — |
Volatility
FPRO vs. XLRI - Volatility Comparison
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Volatility by Period
| FPRO | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.65% | 10.90% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 10.90% | +7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 10.90% | +7.47% |
FPRO vs. XLRI - Expense Ratio Comparison
FPRO has a 0.59% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
FPRO vs. XLRI - Dividend Comparison
FPRO's dividend yield for the trailing twelve months is around 3.29%, less than XLRI's 12.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.55% | 2.69% | 2.50% | 2.83% | 2.67% | 1.69% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 12.52% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, FPRO and XLRI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XLRI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.59% for FPRO.
XLRI has the higher dividend yield at 12.52%, compared with 2.55% for FPRO.
FPRO is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.59% for FPRO and 0.35% for XLRI.
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