IQRA vs. FPRO
Compare and contrast key facts about IQ CBRE Real Assets ETF (IQRA) and Fidelity Real Estate Investment ETF (FPRO).
IQRA and FPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQRA is an actively managed fund by IndexIQ. It was launched on May 9, 2023. 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: IQRA or FPRO.
Key characteristics
| IQRA | FPRO | |
|---|---|---|
| YTD Return | 8.96% | 9.84% |
| 1Y Return | 24.80% | 28.45% |
| Sharpe Ratio | 1.96 | 1.68 |
| Sortino Ratio | 2.85 | 2.43 |
| Omega Ratio | 1.36 | 1.30 |
| Calmar Ratio | 2.08 | 0.95 |
| Martin Ratio | 9.77 | 6.01 |
| Ulcer Index | 2.51% | 4.55% |
| Daily Std Dev | 12.51% | 16.24% |
| Max Drawdown | -15.70% | -32.80% |
| Current Drawdown | -4.21% | -8.63% |
Correlation
The correlation between IQRA and FPRO is 0.88, 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.
Performance
IQRA vs. FPRO - Performance Comparison
In the year-to-date period, IQRA achieves a 8.96% return, which is significantly lower than FPRO's 9.84% 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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IQRA vs. FPRO - Expense Ratio Comparison
IQRA has a 0.65% expense ratio, which is higher than FPRO's 0.59% expense ratio.
Risk-Adjusted Performance
IQRA vs. FPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ CBRE Real Assets ETF (IQRA) 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
IQRA vs. FPRO - Dividend Comparison
IQRA's dividend yield for the trailing twelve months is around 3.08%, more than FPRO's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
IQRA IQ CBRE Real Assets ETF | 3.08% | 2.14% | 0.00% | 0.00% |
FPRO Fidelity Real Estate Investment ETF | 2.43% | 2.83% | 2.67% | 1.69% |
Drawdowns
IQRA vs. FPRO - Drawdown Comparison
The maximum IQRA drawdown since its inception was -15.70%, smaller than the maximum FPRO drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for IQRA and FPRO. For additional features, visit the drawdowns tool.
Volatility
IQRA vs. FPRO - Volatility Comparison
The current volatility for IQ CBRE Real Assets ETF (IQRA) is 3.54%, while Fidelity Real Estate Investment ETF (FPRO) has a volatility of 5.37%. This indicates that IQRA experiences smaller price fluctuations and is considered to be less risky than FPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.