REET vs. FPRO
REET (iShares Global REIT ETF) and FPRO (Fidelity Real Estate Investment ETF) are both REIT funds. REET is passively managed, while FPRO is actively managed. Over the past 5 years, REET returned 2.22%/yr vs 3.13%/yr for FPRO. Their correlation of 0.94 suggests significant overlap in exposure. REET charges 0.14%/yr vs 0.59%/yr for FPRO.
Performance
REET vs. FPRO - Performance Comparison
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Returns By Period
In the year-to-date period, REET achieves a 8.07% return, which is significantly lower than FPRO's 9.97% return.
REET
- 1D
- -0.15%
- 1M
- -0.74%
- YTD
- 8.07%
- 6M
- 7.69%
- 1Y
- 12.24%
- 3Y*
- 9.19%
- 5Y*
- 2.22%
- 10Y*
- 3.99%
FPRO
- 1D
- 0.12%
- 1M
- -1.08%
- YTD
- 9.97%
- 6M
- 9.24%
- 1Y
- 10.32%
- 3Y*
- 9.14%
- 5Y*
- 3.13%
- 10Y*
- —
REET vs. FPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 8.07% | 7.97% | 2.65% | 10.28% | -24.10% | 30.20% |
FPRO Fidelity Real Estate Investment ETF | 9.97% | 2.60% | 5.63% | 10.93% | -25.02% | 40.13% |
Correlation
The correlation between REET and FPRO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.94 |
The correlation between REET and FPRO has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
REET vs. FPRO - Sectors Allocation Comparison
Sectors
REET
FPRO
Real Estate
Financial Services
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Technology
-
-
Utilities
-
-
Real Estate
REET
FPRO
Financial Services
REET
FPRO
-
Basic Materials
REET
-
FPRO
-
Communication Services
REET
-
FPRO
Consumer Cyclical
REET
-
FPRO
-
Consumer Defensive
REET
-
FPRO
-
Energy
REET
-
FPRO
-
Healthcare
REET
-
FPRO
-
Industrials
REET
-
FPRO
-
Technology
REET
-
FPRO
-
Utilities
REET
-
FPRO
-
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Return for Risk
REET vs. FPRO — Risk / Return Rank
REET
FPRO
REET vs. FPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.
| REET | FPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.35 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.89 | 3.88 | +1.02 |
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
| REET | FPRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.79 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.17 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.35 | -0.10 |
Drawdowns
REET vs. FPRO - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, which is greater than FPRO's maximum drawdown of -32.81%. Use the drawdown chart below to compare losses from any high point for REET and FPRO.
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Drawdown Indicators
| REET | FPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -32.81% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.67% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -16.83% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.11% | -32.81% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | — | — |
Current DrawdownCurrent decline from peak | -2.83% | -2.73% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -12.66% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.67% | -0.16% |
Volatility
REET vs. FPRO - Volatility Comparison
iShares Global REIT ETF (REET) has a higher volatility of 3.79% compared to Fidelity Real Estate Investment ETF (FPRO) at 3.54%. This indicates that REET'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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Volatility by Period
| REET | FPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.54% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 9.13% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 13.10% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 18.62% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 18.37% | +0.47% |
REET vs. FPRO - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is lower than FPRO's 0.59% expense ratio.
Dividends
REET vs. FPRO - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 3.42%, more than FPRO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.57% | 2.69% | 2.50% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REET iShares Global REIT ETF | 3.42% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
With a correlation of 0.91, REET and FPRO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
REET has higher volatility (3.79%) compared to FPRO (3.54%). In terms of maximum drawdown, REET dropped -44.59% vs FPRO's -32.81%.
On 5-year performance, FPRO leads with 3.13% vs 2.22% for REET. On fees, REET is cheaper at 0.14% per year. On volatility, FPRO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FPRO has performed better with a 3.13% return vs 2.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REET is cheaper with a 0.14% expense ratio, compared with 0.59% for FPRO.
REET has the higher dividend yield at 3.42%, compared with 2.57% for FPRO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.14% for REET and 0.59% for FPRO.
REET currently has the higher Sharpe Ratio (1.02 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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