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FPRO vs TRUT

Fidelity Real Estate Investment ETF

FPROBCboe

VanEck Technology TruSector ETF

TRUTANasdaq

Overlap

Expense ratio

TRUT −0.43pt a year

FPRO0.57%TRUT0.14%

Avg volume · 30D

TRUT 37.4×the volume

FPRO4.88KTRUT182K

FPRO vs TRUT Performance

Oct 31, 2025 – Oct 30, 2026

+10.4%FPRO+12.7%TRUT

Oct 31, 2025 to Oct 30, 2026. FPRO +10.4%. TRUT +12.7%. Use the arrow keys to read each point.−10%0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
FPRO 0.57%
TRUT 0.14%, better
Fund size
FPRO $15M
TRUT $238M
1Y total return
FPRO +10.4%
TRUT +12.7%, better
Yield (12M)
FPRO 2.49%, better
TRUT 0.35%
Holdings
FPRO 43
TRUT 77
Avg volume (30D)
FPRO 4.88K sh
TRUT 182K sh, better
NAV per share
FPRO $24.17
TRUT $31.15
52W range

ETF.net Grade

FPRO: Cost 72, Risk 58, Mission 83, Tradability 40, Holdings 47, Durability 54. TRUT: Cost 93, Risk 23, Mission not scored, Tradability 96, Holdings 31, Durability 61.
Pillar letters and Scores for FPRO, TRUT, with each pillar’s weight
PillarFPROTRUT
Cost30% weightA72A93Higher
Mission25% weightA83Not scored
Risk15% weightB58HigherF23
Tradability15% weightC40A96Higher
Holdings10% weightC47HigherD31
Durability5% weightC54B61Higher

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 TRUT 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 ›

TRUT ranks 4th 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 5BUTESVirtus Reaves Utilities ETFScore 66
  6. Rank 7BLFSCF/M Emerald Life Sciences Innovation ETFScore 61
  7. Rank 9BFPROFidelity Real Estate Investment ETFScore 58
  8. Rank 10BPYZInvesco Dorsey Wright Basic Materials Momentum ETFScore 57

Our read on each fund

ETF.net Research

FPROBFidelity Real Estate Investment ETF

TRUTAVanEck Technology 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.

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

Stated mandate

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

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

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.
  • TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
  • 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
  • One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
  • About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

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.
  • TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
  • Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
  • Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

Full FPRO profile⁠

Full TRUT profile⁠

FPRO vs TRUT 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 TRUT Cost

Overpaying FPRO vs TRUT

$8,339

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

  • FPRO 0.57%

    $11,271

  • TRUT 0.14%

    $2,932

$10,000
30 years

Cost over time

  • FPRO 0.57%
  • TRUT 0.14%
  • 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 $11,271TRUT $2,932

Year by year

YearFPROTRUTOverpaying
10$1,023$256$767
20$3,921$1,000$2,921
30$11,271$2,932$8,339

Expense ratio

  • 0.57%FPRO
  • 0.14%TRUT, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

TRUT 3rd cheapest of 35 funds

FPRO 11th cheapest of 35 funds

FPRO vs TRUT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FPRO 2.49%, better
TRUT 0.35%
Payout (12M)
FPRO $0.60
TRUT $0.11
Last payment
FPRO $0.14
TRUT $0.03
Ex-dividend
FPRO Sep 18, 2026
TRUT Oct 1, 2026
Paid on
FPRO Sep 22, 2026
TRUT Oct 6, 2026
Frequency
FPRO Quarterly
TRUT 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
TRUTQuarterly · 5 paymentsAll TRUT payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Oct 1, 2025 $0.01; Dec 29, 2025 $0.02; Apr 1, 2026 $0.03; Jul 1, 2026 $0.03; Oct 1, 2026 $0.03. Use the arrow keys to read each point.$0$0.2020232026YTD

FPRO vs TRUT 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%TRUT 26.8%since Sep 2025
Return per unit of riskSharpe ratio, 3 years
FPRO 0.56TRUT 0.78since Sep 2025
Worst fallMax drawdown, 5 years
FPRO −32.8%TRUT −18.6%since Aug 2025
Market sensitivityBeta, 5 years
FPRO 0.94TRUT 1.76

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