Fidelity Real Estate Investment ETF
$23.55−0.04 (−0.17%)
- 0.57%
- $15M
- +9.7%
- 2.56%
- 0M sh
- $23.64
- low $21.95high $26.30
The ETF.net FPRO Grade
B
Score 60 out of 100
- 7 of 35
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 9 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.A82 out of 100Rank 4 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 12 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 24 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 18 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 22 of 35
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
- 44
- 60%
- PLD
Sectors
- Real Estate99.5%
- Technology0.3%
- Communication0.2%
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.
Not enough history yet.
FPRO$10,975
Returns run to the Oct 12, 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 | +7.6% |
| 1 month | −3.2% |
| 3 months | −5.7% |
| 1 year | +9.7% |
| 3 years | +10.7% |
| 5 years | +2.1% |
| 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 | +7.6% | |
| 2025 | +2.6% | |
| 2024 | +5.6% | |
| 2023 | +10.9% | |
| 2022 | −25.0% | |
| 2021 | +40.2% |
FPRO in the news
FPRO Dividends
- 2.56%
- $0.60
- $0.14 per share
- Quarterly
Distribution history
FPRO Risk
- 16.1%
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.
- 0.41
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
0.57%
FPRO0.57%
- The middle half of US Active Sector funds
- Median 0.65%
8 of the 35 US Active Sector funds charge less.
Other funds in US Active Sector
- BTRUCVanEck Communication Services TruSector ETFExpense ratio 0.14%1 year return —
- BDFNLDavis Select Financial ETFExpense ratio 0.61%1 year return +14.0%
- BUSNGAmplify Samsung U.S. Natural Gas Infrastructure ETFExpense ratio 0.59%1 year return +33.6%
- BBYREPrincipal Real Estate Active Opportunities ETFExpense ratio 0.60%1 year return +9.1%
- CJTEKJPMorgan U.S. Tech Leaders ETFExpense ratio 0.65%1 year return +16.7%