REM vs. FPRO
REM (iShares Mortgage Real Estate ETF) and FPRO (Fidelity Real Estate Investment ETF) are both REIT funds. REM is passively managed, while FPRO is actively managed. Over the past 5 years, REM returned -2.46%/yr vs 3.88%/yr for FPRO. A 0.62 correlation means they provide meaningful diversification when combined. REM charges 0.48%/yr vs 0.59%/yr for FPRO.
Performance
REM vs. FPRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REM achieves a -0.15% return, which is significantly lower than FPRO's 14.20% return.
REM
- 1D
- 0.94%
- 1M
- 1.19%
- YTD
- -0.15%
- 6M
- 0.03%
- 1Y
- 11.49%
- 3Y*
- 8.08%
- 5Y*
- -2.46%
- 10Y*
- 2.86%
FPRO
- 1D
- 1.48%
- 1M
- 1.47%
- YTD
- 14.20%
- 6M
- 14.88%
- 1Y
- 12.37%
- 3Y*
- 11.58%
- 5Y*
- 3.88%
- 10Y*
- —
REM vs. FPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | -0.15% | 13.30% | -1.00% | 14.43% | -27.56% | 14.99% |
FPRO Fidelity Real Estate Investment ETF | 14.20% | 2.60% | 5.63% | 10.93% | -25.02% | 40.20% |
Correlation
The correlation between REM and FPRO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021 | 0.62 |
The correlation between REM and FPRO has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REM vs. FPRO — Risk / Return Rank
REM
FPRO
REM vs. FPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage Real Estate ETF (REM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REM | FPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.62 | -0.81 |
| Martin ratioReturn relative to average drawdown | 2.18 | 4.62 | -2.45 |
Loading charts...
Drawdowns
REM vs. FPRO - Drawdown Comparison
The maximum REM drawdown since its inception was -74.73%, which is greater than FPRO's maximum drawdown of -32.81%. Use the drawdown chart below to compare losses from any high point for REM and FPRO.
Loading charts...
Drawdown Indicators
| REM | FPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.73% | -32.81% | -41.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -7.67% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | -16.83% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -43.31% | -32.81% | -10.50% |
Max Drawdown (10Y)Largest decline over 10 years | -68.52% | — | — |
Current DrawdownCurrent decline from peak | -22.34% | -0.27% | -22.07% |
Average DrawdownAverage peak-to-trough decline | -38.30% | -12.53% | -25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 2.68% | +2.61% |
Volatility
REM vs. FPRO - Volatility Comparison
iShares Mortgage Real Estate ETF (REM) and Fidelity Real Estate Investment ETF (FPRO) have volatilities of 4.80% and 5.01%, 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.
Loading charts...
Volatility by Period
| REM | FPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.01% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 9.99% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 13.75% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 18.68% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 18.38% | +9.93% |
REM vs. FPRO - Expense Ratio Comparison
REM has a 0.48% expense ratio, which is lower than FPRO's 0.59% expense ratio.
Dividends
REM vs. FPRO - Dividend Comparison
REM's dividend yield for the trailing twelve months is around 9.02%, more than FPRO's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPRO Fidelity Real Estate Investment ETF | 2.48% | 2.69% | 2.50% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REM iShares Mortgage Real Estate ETF | 9.02% | 8.70% | 9.61% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% |
Frequently Asked Questions
REM and FPRO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPRO has higher volatility (5.01%) compared to REM (4.80%). In terms of maximum drawdown, REM dropped -74.73% vs FPRO's -32.81%.
On 5-year performance, FPRO leads with 3.88% vs -2.46% for REM. On fees, REM is cheaper at 0.48% per year. On volatility, REM has been the lower-risk option at 4.80%. 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 3.88% return vs -2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REM is cheaper with a 0.48% expense ratio, compared with 0.59% for FPRO.
REM has the higher dividend yield at 9.02%, compared with 2.48% for FPRO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for REM and 0.59% for FPRO.
FPRO currently has the higher Sharpe Ratio (0.91 vs 0.68), 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.
Find the right allocation for REM and FPRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer