Correlation
The correlation between HOMZ 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.
HOMZ vs. FPRO
Compare and contrast key facts about Hoya Capital Housing ETF (HOMZ) and Fidelity Real Estate Investment ETF (FPRO).
HOMZ and FPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOMZ is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital Housing 100 Index. It was launched on Mar 19, 2019. 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: HOMZ or FPRO.
Performance
HOMZ vs. FPRO - Performance Comparison
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Key characteristics
HOMZ:
0.10
FPRO:
0.90
HOMZ:
0.32
FPRO:
1.36
HOMZ:
1.04
FPRO:
1.18
HOMZ:
0.11
FPRO:
0.72
HOMZ:
0.26
FPRO:
3.02
HOMZ:
9.36%
FPRO:
5.66%
HOMZ:
21.29%
FPRO:
18.18%
HOMZ:
-48.10%
FPRO:
-32.80%
HOMZ:
-16.78%
FPRO:
-9.85%
Returns By Period
In the year-to-date period, HOMZ achieves a -5.38% return, which is significantly lower than FPRO's 2.61% return.
HOMZ
-5.38%
-0.94%
-15.99%
2.11%
7.92%
14.13%
N/A
FPRO
2.61%
0.81%
-5.27%
16.25%
0.91%
N/A
N/A
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HOMZ vs. FPRO - Expense Ratio Comparison
HOMZ has a 0.30% expense ratio, which is lower than FPRO's 0.59% expense ratio.
Risk-Adjusted Performance
HOMZ vs. FPRO — Risk-Adjusted Performance Rank
HOMZ
FPRO
HOMZ vs. FPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital Housing ETF (HOMZ) 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.
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Dividends
HOMZ vs. FPRO - Dividend Comparison
HOMZ's dividend yield for the trailing twelve months is around 2.45%, more than FPRO's 2.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HOMZ Hoya Capital Housing ETF | 2.45% | 2.13% | 2.08% | 2.03% | 1.19% | 3.18% | 1.46% |
FPRO Fidelity Real Estate Investment ETF | 2.39% | 2.50% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% |
Drawdowns
HOMZ vs. FPRO - Drawdown Comparison
The maximum HOMZ drawdown since its inception was -48.10%, which is greater than FPRO's maximum drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for HOMZ and FPRO.
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Volatility
HOMZ vs. FPRO - Volatility Comparison
Hoya Capital Housing ETF (HOMZ) has a higher volatility of 6.33% compared to Fidelity Real Estate Investment ETF (FPRO) at 4.75%. This indicates that HOMZ's price experiences larger fluctuations and is considered to be riskier than FPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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