Fidelity Real Estate Investment ETF
$23.76−0.22 (−0.92%)
- Expense ratio
- 0.57%
- Fund size
- $16M
- 1Y return
- +9.4%
- Yield · Last 12 months
- 2.51%
- Holdings
- 35
- Volume · 30D
- 0M sh
- NAV per share
- $24.03
- 52W range
The ETF.net FPRO Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 74Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 81Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 36Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on FPRO
BMost real estate ETFs just buy the whole REIT index. FPRO is Fidelity's stock-picker version: roughly 40 property names chosen with above-average income as the stated first job and capital growth second.
The fund seeks higher-than-average income, with capital growth as a secondary goal.
Why people hold it
- Active by design. Roughly 40 real estate holdings selected by Fidelity's team rather than a whole-market index clone.
- Income is the declared mandate, not a side effect: the fund seeks higher-than-average income first, capital growth second, and distributions come quarterly.
- Fee discipline for a hands-on mandate: 0.57% a year, under the typical active US equity ETF in its peer group.
- Stays inside the lines. On faithfulness to its stated real estate income mandate, it screens as one of the stronger implementations in its active peer group.
Worth knowing
- It has stayed small and thinly traded since its 2021 launch, which can show up as wider bid-ask spreads than the big index REIT funds.
- One sector, about 40 names. Property and interest-rate cycles move the whole portfolio together, with no other sectors to cushion the ride.
- No index safety net: outcomes ride on the manager's picks inside real estate rather than on owning the market cap-weighted REIT universe.
FPRO Holdings
- Stocks
- 35
- 59%
- PLD
Sectors
- Real Estate99.5%
- Communication0.3%
- Technology0.2%
Geography
- United States100.00%
FPRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FPRO |
|---|---|
| Year to date | +9.8% |
| 1 month | −5.0% |
| 3 months | −2.4% |
| 1 year | +9.4% |
| 3 years | +11.2% |
| 5 years | +2.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FPRO |
|---|---|---|
| 2026 YTD | +9.8% | |
| 2025 | +2.6% | |
| 2024 | +5.6% | |
| 2023 | +10.9% | |
| 2022 | −25.0% | |
| 2021 | +40.2% |
FPRO in the news
ETF.net Research hasn’t filed on FPRO yet — coverage lands here as it’s written.
FPRO Dividends
- 2.51%
- $0.60
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.14 |
| Jun 18, 2026 | Jun 23, 2026 | $0.18 |
| Mar 20, 2026 | Mar 24, 2026 | $0.18 |
| Dec 19, 2025 | Dec 23, 2025 | $0.11 |
| Sep 19, 2025 | Sep 23, 2025 | $0.16 |
| Jun 20, 2025 | Jun 24, 2025 | $0.18 |
| Mar 21, 2025 | Mar 25, 2025 | $0.15 |
| Dec 20, 2024 | Dec 24, 2024 | $0.12 |
| Sep 20, 2024 | Sep 24, 2024 | $0.13 |
| Jun 21, 2024 | Jun 25, 2024 | $0.14 |
| Mar 15, 2024 | Mar 20, 2024 | $0.17 |
| Dec 15, 2023 | Dec 20, 2023 | $0.13 |
FPRO Risk
- 16.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.40
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FPRO Cost
- The middle half of US Active Sector funds
- Median 0.65%
8 of the 33 US Active Sector funds charge less.