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FPRO vs TRUF

Fidelity Real Estate Investment ETF

FPROBCboe

VanEck Financials TruSector ETF

TRUFCNasdaq

Overlap

Expense ratio

TRUF −0.47pt a year

FPRO0.57%TRUF0.10%

Avg volume · 30D

FPRO 13.0×the volume

FPRO4.88KTRUF374

FPRO vs TRUF Performance

Jul 31, 2026 – Oct 30, 2026

−4.5%FPRO−0.4%TRUF

Jul 31, 2026 to Oct 30, 2026. FPRO −4.5%. TRUF −0.4%. Use the arrow keys to read each point.−7.5%−2.5%2.5%Jul 2026Sep 2026Oct 2026
Expense ratio
FPRO 0.57%
TRUF 0.10%, better
Fund size
FPRO $15M
TRUF $1M
1Y total return
FPRO +10.4%
TRUF No data
Yield (12M)
FPRO 2.49%
TRUF No data
Holdings
FPRO 43
TRUF 79
Avg volume (30D)
FPRO 4.88K sh, better
TRUF 374 sh
NAV per share
FPRO $24.17
TRUF $29.47
52W range

ETF.net Grade

FPRO: Cost 72, Risk 58, Mission 83, Tradability 40, Holdings 47, Durability 54. TRUF: Cost 99, Risk 92, Mission not scored, Tradability 41, Holdings 32, Durability 17.
Pillar letters and Scores for FPRO, TRUF, with each pillar’s weight
PillarFPROTRUF
Cost30% weightA72A99Higher
Mission25% weightA83Not scored
Risk15% weightB58A92Higher
Tradability15% weightC40C41Higher
Holdings10% weightC47HigherD32
Durability5% weightC54HigherF17

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 TRUF 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 ›

FPRO ranks 9th and TRUF 23rd of 35 funds in the US Active Sector Category.

  1. Rank 7BLFSCF/M Emerald Life Sciences Innovation ETFScore 61
  2. Rank 9BFPROFidelity Real Estate Investment ETFScore 58
  3. Rank 10BPYZInvesco Dorsey Wright Basic Materials Momentum ETFScore 57
  4. Rank 23CREAIIntelligent Real Estate ETFScore 40
  5. Rank 23CTRUFVanEck Financials TruSector ETFScore 40
  6. Rank 23CTRUHVanEck Healthcare TruSector ETFScore 40

Our read on each fund

ETF.net Research

FPROBFidelity Real Estate Investment ETF

TRUFCVanEck Financials TruSector 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.

TRUF Most active funds exist to beat a benchmark. TRUF is active so it can hug one: it holds US financials at true market weight, sidestepping the diversification caps that force many sector funds to shrink their largest names.

Stated mandate

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

TRUF The Fund is an actively managed ETF seeking long-term capital appreciation through securities of financials-related companies or instruments providing exposure to such companies.

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.
  • TRUF A 0.10% expense ratio, against a 0.65% median for actively managed US equity funds in its peer group.
  • The hybrid build (individual stocks plus targeted ETFs) keeps a sector's biggest contributors at uncapped weight while staying inside fund diversification rules.businesswire.comvaneck.com
  • Roughly 80 names, measured against the MarketVector Top US Financials Companies Index. The mandate is the sector itself, not a stock picker's shortlist.

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.
  • TRUF VanEck says financials has not suffered the weighting distortions that hit tech and consumer discretionary, so the problem this structure solves is smaller here.vaneck.com
  • Launched in 2026 and still a small fund, so spreads can run wider than in the sector's household-name ETFs. Limit orders are the usual tool for that.
  • Owning other ETFs brings acquired fund fees, one of the items VanEck's expense arrangement does not cover, so total cost sits above the headline fee.vaneck.com

Full FPRO profile⁠

Full TRUF profile⁠

FPRO vs TRUF 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 TRUF Cost

Overpaying FPRO vs TRUF

$9,165

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

  • FPRO 0.57%

    $11,271

  • TRUF 0.10%

    $2,106

$10,000
30 years

Cost over time

  • FPRO 0.57%
  • TRUF 0.10%
  • 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 $11,271TRUF $2,106

Year by year

YearFPROTRUFOverpaying
10$1,023$183$840
20$3,921$717$3,204
30$11,271$2,106$9,165

Expense ratio

  • 0.57%FPRO
  • 0.10%TRUF, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

TRUF cheapest of 35 funds

FPRO 11th cheapest of 35 funds

FPRO vs TRUF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FPRO 2.49%
TRUF No data
Payout (12M)
FPRO $0.60
TRUF No data
Last payment
FPRO $0.14
TRUF $0.10
Ex-dividend
FPRO Sep 18, 2026
TRUF Oct 1, 2026
Paid on
FPRO Sep 22, 2026
TRUF Oct 6, 2026
Frequency
FPRO Quarterly
TRUF Quarterly

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
TRUFQuarterly · 2 paymentsAll TRUF payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Jul 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$0.2020232026YTD

FPRO vs TRUF 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%TRUF No data
Return per unit of riskSharpe ratio, 3 years
FPRO 0.56TRUF No data
Worst fallMax drawdown, 5 years
FPRO −32.8%TRUF No data
Market sensitivityBeta, 5 years
FPRO 0.94TRUF −1.04

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