New

Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →

Advertisement
ETF Central logo
Advertisement

FPROvsFRELETF Comparison

ETF 1
FPRO

Fidelity Real Estate Investment ETF

This fund is part of
Uncategorized Equities
-0.51%
Full FPRO fund page
VS
ETF 2
FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of
US Real Estate
-0.99%
Full FREL fund page

Fidelity Real Estate Investment ETF (FPRO) belongs to the Uncategorized Equities segment. Fidelity MSCI Real Estate Index ETF (FREL) is part of the US Real Estate segment. Both ETFs have the same top 3 sector exposures: Real Estate and Industrials. FPRO is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.08% for FREL. FPRO is up 6.83% year-to-date (YTD) with -$1K in YTD flows. FREL performs worse with 5.65% YTD performance, and +$264M in YTD flows. Run a side-by-side ETF comparison of FPRO and FREL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios.  Discover our library of Model portfolios

FPRO vs FREL performance and flow charts

Performance

-1.00.01.02.03.0%Feb 10Feb 18Feb 25Mar 4Mar 11

Cumulative Flows

0 M10 M20 M30 M40 MFeb 10Feb 18Feb 25Mar 4Mar 11

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
FPRO
FREL
-0.12%-0.36%
+6.54%+5.83%
+6.83%+5.65%
+6.92%+6.16%
+27.60%+30.55%
+28.78%+25.96%
Flows
FPRO
FREL
-+$35M
-$1K+$276M
-$1K+$264M
-$1M+$369M
-$3M+$43M
+$10M+$163M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FPRO
FREL
+11.63%+11.75%
+16.28%+16.37%
+16.84%+17.19%
+18.79%+18.86%
Max drawdown
FPRO
FREL
-3.06%-3.47%
-12.26%-12.43%
-16.55%-17.46%
-33.01%-34.35%
Max drawdown duration
FPRO
FREL
9d21d
82d79d
511d441d
1529d1528d
Trading data

Create an account to view trading data

Join for free
FPRO
FREL
Last sale
3/11/2026 at 1:30 PM
$23.77
$28.11
Previous close
03/11/2026
$23.96
$28.42
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

Create an account to view replication metrics

Join for free

FPRO
is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free
FPRO
FREL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Advertisement
Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
FPRO
FREL
Last price
$23.77
$28.11
1D performance
-0.81%
-1.09%
AuM$14.27 M$1.41 B
E/R0.57%0.08%
Characteristics
FPRO
FREL
Management strategyActivePassive
ProviderFidelityFidelity
Benchmark-MSCI USA IMI Real Estate 25/25 Index
N° of holdings40116
Asset class-Equities
Trailing 12m distribution yield
Join
Join
Inception dateFebruary 2, 2021February 2, 2015
ESGNoNo
Advertisement
Exposure

Countries

FPRO
USA
100%
Other
0%
FREL
USA
99.48%
Other
0.52%

Sectors

FPRO
Real Estate
98.85%
Other
1.15%
FREL
Real Estate
95.22%
Other
4.78%

Diversification

FPRO

Total weight of top 15 holdings out of 15

76.39%
FREL

Total weight of top 15 holdings out of 15

56.79%

Top 15 holdings

Data as of January 31, 2026
FPRO
PROLOGIS REIT
9.72%
EQUINIX INC COMMON STOCK REIT
9.04%
WELLTOWER INC
8.64%
AMERICAN TOWER CL A REIT
7.99%
KIMCO REALTY REIT
5.15%
PUBLIC STORAGE REIT
4.89%
VENTAS REIT
4.37%
NATIONAL RETAIL PROPERTIES REIT
4.24%
UDR REIT
3.77%
DIGITAL REALTY REIT
3.70%
IRON MOUNTAIN
3.38%
STAG INDUSTRIAL REIT
3.22%
CBRE GROUP
3.18%
EQUITY RESIDENTIAL REIT
2.96%
SBA COMMUNICATIONS
2.14%
FREL
PROLOGIS REIT
8.09%
WELLTOWER INC
7.79%
AMERICAN TOWER CL A REIT
5.69%
EQUINIX INC COMMON STOCK REIT
4.56%
SIMON PROPERTY GROUP REIT
4.14%
DIGITAL REALTY REIT
3.74%
REALTY INCOME REIT
3.64%
CBRE GROUP
3.50%
PUBLIC STORAGE REIT
2.99%
CROWN CASTLE INTERNATIONAL
2.56%
VENTAS REIT
2.20%
VICI PROPERTIES INC
2.04%
EXTRA SPACE STORAGE REIT
2.03%
COSTAR GROUP
1.92%
IRON MOUNTAIN
1.90%
Frequently asked questions about FPRO and FREL

How have the FPRO and FREL ETFs performed in 2026?

As of March 11, 2026, FPRO is up 6.83% year-to-date (YTD), while FREL has returned 5.65%. That puts FPRO better performer ahead so far this year.

Which ETF is attracting more investor money: FPRO or FREL?

Year-to-date, the FPRO ETF saw -$1K in flows, compared to +$264M for FREL.

Which ETF is more volatile: FPRO or FREL?

Over the past year, FPRO had a volatility of 16.28%, while FREL experienced 16.37%.

Which ETF is bigger: FPRO or FREL?

As of March 11, 2026, FPRO holds $14.27 M in assets under management (AUM), while FREL manages $1.41 B.

What sectors do the FPRO and FREL ETFs invest in?

FPRO leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.

What are the top holdings of the FPRO ETF and FREL ETF?

FPRO top holdings include PROLOGIS REIT, EQUINIX INC COMMON STOCK REIT and WELLTOWER INC. FREL holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: FPRO or FREL?

FPRO holds 40 securities with 76.39% of its assets in the top 15. FREL has 130 securities and a top 15 weight of 56.79%.

Advertisement
Advertisement
Webcast on Demand

Calamos Investments Powers the Next Phase of the Autocallable Revolution

Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.

Accepted for 1 CE Credit

Calamos Webcast
Sign up for our weekly newsletter
The latest news from The Home of ETFs, delivered straight to your inbox.