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FPRO vs TMED

Fidelity Real Estate Investment ETF

FPROBCboe

T. Rowe Price Health Care ETF

TMEDBNasdaq

Overlap

Expense ratio

TMED −0.13pt a year

FPRO0.57%TMED0.44%

Avg volume · 30D

TMED 1.5×the volume

FPRO4.88KTMED7.43K

FPRO vs TMED Performance

Oct 31, 2025 – Oct 30, 2026

+10.4%FPRO+20.6%TMED

Oct 31, 2025 to Oct 30, 2026. FPRO +10.4%. TMED +20.6%. Use the arrow keys to read each point.0%5%15%25%30%Oct 2025Apr 2026Oct 2026
Expense ratio
FPRO 0.57%
TMED 0.44%, better
Fund size
FPRO $15M
TMED $34M
1Y total return
FPRO +10.4%
TMED +20.6%, better
Yield (12M)
FPRO 2.49%
TMED No data
Holdings
FPRO 43
TMED 112
Avg volume (30D)
FPRO 4.88K sh
TMED 7.43K sh, better
NAV per share
FPRO $24.17
TMED $34.31
52W range

ETF.net Grade

FPRO: Cost 72, Risk 58, Mission 83, Tradability 40, Holdings 47, Durability 54. TMED: Cost 82, Risk 55, Mission not scored, Tradability 59, Holdings 91, Durability 35.
Pillar letters and Scores for FPRO, TMED, with each pillar’s weight
PillarFPROTMED
Cost30% weightA72A82Higher
Mission25% weightA83Not scored
Risk15% weightB58HigherB55
Tradability15% weightC40B59Higher
Holdings10% weightC47A91Higher
Durability5% weightC54HigherD35

Rank among US Active Sector funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FPRO and TMED are both graded against the same 35 US Active Sector funds, so their Grades compare head to head.

US Active Sector⁠

Category · 35 funds
See all 35 ›

TMED ranks 2nd and FPRO 9th of 35 funds in the US Active Sector Category.

  1. Rank 1AAVREAvantis Real Estate ETFScore 77
  2. Rank 2APSRInvesco Active U.S. Real Estate ETFScore 70
  3. Rank 2BTMEDT. Rowe Price Health Care ETFScore 70
  4. Rank 4ATRUTVanEck Technology TruSector ETFScore 69
  5. Rank 7BLFSCF/M Emerald Life Sciences Innovation ETFScore 61
  6. Rank 9BFPROFidelity Real Estate Investment ETFScore 58
  7. Rank 10BPYZInvesco Dorsey Wright Basic Materials Momentum ETFScore 57

Our read on each fund

ETF.net Research

FPROBFidelity Real Estate Investment ETF

TMEDBT. Rowe Price Health Care ETF

In short

FPRO Most 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.

TMED No data

Stated mandate

FPRO The fund seeks higher-than-average income, with capital growth as a secondary goal.

TMED No data

Why people hold it

  • FPRO 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.

TMED No data

Worth knowing

  • FPRO 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.

TMED No data

Full FPRO profile⁠

Full TMED profile⁠

FPRO vs TMED Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FPRO vs TMED Cost

Overpaying FPRO vs TMED

$2,419

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FPRO 0.57%

    $11,271

  • TMED 0.44%

    $8,852

$10,000
30 years

Cost over time

  • FPRO 0.57%
  • TMED 0.44%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FPRO $11,271TMED $8,852

Year by year

YearFPROTMEDOverpaying
10$1,023$794$229
20$3,921$3,061$860
30$11,271$8,852$2,419

Expense ratio

  • 0.57%FPRO
  • 0.44%TMED, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

TMED 7th cheapest of 35 funds

FPRO 11th cheapest of 35 funds

FPRO vs TMED Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FPRO 2.49%
TMED No data
Payout (12M)
FPRO $0.60
TMED No data
Last payment
FPRO $0.14
TMED $0.16
Ex-dividend
FPRO Sep 18, 2026
TMED Dec 23, 2025
Paid on
FPRO Sep 22, 2026
TMED Dec 26, 2025
Frequency
FPRO Quarterly
TMED Irregular

Distribution history

Per share, 2021 to 2026, same scale for both

FPROQuarterly · 23 paymentsAll FPRO payments⁠
One bar per payment. 23 payments from 2021 to 2026 YTD. Mar 19, 2021 $0.11; Jun 18, 2021 $0.10; Sep 17, 2021 $0.12; Dec 17, 2021 $0.13; Mar 18, 2022 $0.16; Jun 17, 2022 $0.13; Sep 16, 2022 $0.13; Dec 16, 2022 $0.12; Mar 17, 2023 $0.18; Jun 16, 2023 $0.15; Sep 15, 2023 $0.16; Dec 15, 2023 $0.13; Mar 15, 2024 $0.17; Jun 21, 2024 $0.14; Sep 20, 2024 $0.13; Dec 20, 2024 $0.12; Mar 21, 2025 $0.15; Jun 20, 2025 $0.18; Sep 19, 2025 $0.16; Dec 19, 2025 $0.11; Mar 20, 2026 $0.18; Jun 18, 2026 $0.18; Sep 18, 2026 $0.14. Use the arrow keys to read each point.$0$0.2020232026YTD
TMEDIrregular · 1 paymentAll TMED payments⁠
One bar per payment. 1 payment from 2021 to 2026 YTD. Dec 23, 2025 $0.16. Use the arrow keys to read each point.$0$0.2020232026YTD

FPRO vs TMED Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FPRO 16.0%TMED 14.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
FPRO 0.56TMED 1.50since Jul 2025
Worst fallMax drawdown, 5 years
FPRO −32.8%TMED −11.1%since Jun 2025
Market sensitivityBeta, 5 years
FPRO 0.94TMED 0.46

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