PPTY vs. FREL
Compare and contrast key facts about US Diversified Real Estate ETF (PPTY) and Fidelity MSCI Real Estate Index ETF (FREL).
PPTY and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPTY is a passively managed fund by Vident that tracks the performance of the USREX - U.S. Diversified Real Estate Index. It was launched on Mar 24, 2018. 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. Both PPTY and FREL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PPTY vs. FREL - Performance Comparison
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PPTY vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 0.01% | -3.47% | 9.85% | 12.66% | -26.10% | 40.36% | -7.25% | 30.19% | 4.07% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | 3.91% |
Returns By Period
In the year-to-date period, PPTY achieves a 0.01% return, which is significantly lower than FREL's 0.98% return.
PPTY
- 1D
- 1.25%
- 1M
- -5.37%
- YTD
- 0.01%
- 6M
- -1.88%
- 1Y
- -1.68%
- 3Y*
- 5.95%
- 5Y*
- 2.27%
- 10Y*
- —
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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PPTY vs. FREL - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is higher than FREL's 0.08% expense ratio.
Return for Risk
PPTY vs. FREL — Risk / Return Rank
PPTY
FREL
PPTY vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
| PPTY | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 0.09 | -0.18 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.24 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.20 | -0.28 |
Martin ratioReturn relative to average drawdown | -0.29 | 0.77 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPTY | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.09 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.14 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.23 | +0.03 |
Correlation
The correlation between PPTY and FREL is 0.95, 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.
Dividends
PPTY vs. FREL - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 3.04%, less than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 3.04% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
PPTY vs. FREL - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, roughly equal to the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for PPTY and FREL.
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Drawdown Indicators
| PPTY | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -42.61% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.42% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | -34.40% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -11.89% | -9.83% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -10.05% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.19% | +0.52% |
Volatility
PPTY vs. FREL - Volatility Comparison
US Diversified Real Estate ETF (PPTY) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 4.39% and 4.55%, 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.
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Volatility by Period
| PPTY | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.55% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.29% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 16.41% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 18.85% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 20.67% | +1.39% |