PortfoliosLab logo
FREL vs. FPRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FREL and FPRO is 0.62, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

FREL vs. FPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Investment ETF (FPRO). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
16.00%
22.98%
FREL
FPRO

Key characteristics

Sharpe Ratio

FREL:

0.69

FPRO:

0.86

Sortino Ratio

FREL:

1.05

FPRO:

1.27

Omega Ratio

FREL:

1.14

FPRO:

1.17

Calmar Ratio

FREL:

0.50

FPRO:

0.62

Martin Ratio

FREL:

2.36

FPRO:

2.97

Ulcer Index

FREL:

5.32%

FPRO:

5.25%

Daily Std Dev

FREL:

18.14%

FPRO:

18.17%

Max Drawdown

FREL:

-42.61%

FPRO:

-32.80%

Current Drawdown

FREL:

-14.68%

FPRO:

-12.24%

Returns By Period

In the year-to-date period, FREL achieves a -1.49% return, which is significantly lower than FPRO's -0.11% return.


FREL

YTD

-1.49%

1M

-3.58%

6M

-7.44%

1Y

13.04%

5Y*

7.68%

10Y*

5.02%

FPRO

YTD

-0.11%

1M

-2.81%

6M

-6.02%

1Y

16.32%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FREL vs. FPRO - Expense Ratio Comparison

FREL has a 0.08% expense ratio, which is lower than FPRO's 0.59% expense ratio.


Expense ratio chart for FPRO: current value is 0.59%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FPRO: 0.59%
Expense ratio chart for FREL: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FREL: 0.08%

Risk-Adjusted Performance

FREL vs. FPRO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FREL
The Risk-Adjusted Performance Rank of FREL is 6565
Overall Rank
The Sharpe Ratio Rank of FREL is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of FREL is 6767
Sortino Ratio Rank
The Omega Ratio Rank of FREL is 6565
Omega Ratio Rank
The Calmar Ratio Rank of FREL is 6060
Calmar Ratio Rank
The Martin Ratio Rank of FREL is 6464
Martin Ratio Rank

FPRO
The Risk-Adjusted Performance Rank of FPRO is 7373
Overall Rank
The Sharpe Ratio Rank of FPRO is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of FPRO is 7575
Sortino Ratio Rank
The Omega Ratio Rank of FPRO is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FPRO is 6969
Calmar Ratio Rank
The Martin Ratio Rank of FPRO is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FREL, currently valued at 0.69, compared to the broader market-1.000.001.002.003.004.00
FREL: 0.69
FPRO: 0.86
The chart of Sortino ratio for FREL, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.00
FREL: 1.05
FPRO: 1.27
The chart of Omega ratio for FREL, currently valued at 1.14, compared to the broader market0.501.001.502.002.50
FREL: 1.14
FPRO: 1.17
The chart of Calmar ratio for FREL, currently valued at 0.50, compared to the broader market0.002.004.006.008.0010.0012.00
FREL: 0.50
FPRO: 0.62
The chart of Martin ratio for FREL, currently valued at 2.36, compared to the broader market0.0020.0040.0060.00
FREL: 2.36
FPRO: 2.97

The current FREL Sharpe Ratio is 0.69, which is comparable to the FPRO Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FREL and FPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.69
0.86
FREL
FPRO

Dividends

FREL vs. FPRO - Dividend Comparison

FREL's dividend yield for the trailing twelve months is around 3.59%, more than FPRO's 2.45% yield.


TTM2024202320222021202020192018201720162015
FREL
Fidelity MSCI Real Estate Index ETF
3.59%3.48%3.73%3.57%2.34%3.77%3.32%5.54%3.27%4.01%3.80%
FPRO
Fidelity Real Estate Investment ETF
2.45%2.50%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.


-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-14.68%
-12.24%
FREL
FPRO

Volatility

FREL vs. FPRO - Volatility Comparison

Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Investment ETF (FPRO) have volatilities of 10.47% and 10.60%, 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.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.47%
10.60%
FREL
FPRO