FREL vs. FPRO
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Investment ETF (FPRO).
FREL and FPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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: FREL or FPRO.
Performance
FREL vs. FPRO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FREL having a 9.60% return and FPRO slightly higher at 10.07%.
FREL
9.60%
-3.69%
12.99%
23.74%
3.96%
N/A
FPRO
10.07%
-3.25%
14.18%
22.34%
N/A
N/A
Key characteristics
| FREL | FPRO | |
|---|---|---|
| Sharpe Ratio | 1.47 | 1.44 |
| Sortino Ratio | 2.07 | 2.03 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.88 | 0.88 |
| Martin Ratio | 5.36 | 4.87 |
| Ulcer Index | 4.42% | 4.59% |
| Daily Std Dev | 16.16% | 15.53% |
| Max Drawdown | -42.61% | -32.80% |
| Current Drawdown | -9.63% | -8.45% |
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FREL vs. FPRO - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is lower than FPRO's 0.59% expense ratio.
Correlation
The correlation between FREL and FPRO 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.
Risk-Adjusted Performance
FREL vs. FPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Investment ETF (FPRO). 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
FREL vs. FPRO - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.26%, more than FPRO's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 3.26% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
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% |
Drawdowns
FREL vs. FPRO - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, which is greater than FPRO's maximum drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for FREL and FPRO. For additional features, visit the drawdowns tool.
Volatility
FREL vs. FPRO - Volatility Comparison
Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Investment ETF (FPRO) have volatilities of 4.98% and 5.17%, 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.