BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FPROvsVNQETF Comparison

ETF 1

FPRO

Fidelity Real Estate Investment ETF

This fund is part of

Uncategorized Equities

+0.1%

Full FPRO fund page

VS

ETF 2

VNQ

Vanguard Real Estate ETF

This fund is part of

US Real Estate

-0.84%

Full VNQ fund page

Fidelity Real Estate Investment ETF (FPRO) belongs to the Uncategorized Equities segment. Vanguard Real Estate ETF (VNQ) is part of the US Real Estate segment. FPRO's top 2 sector exposures are Finance and Technology. In contrast, VNQ's top sector exposures are Finance, Technology and Consumer Services. FPRO is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.13% for VNQ. FPRO is up 11.47% year-to-date (YTD) with +$1M in YTD flows. VNQ performs worse with 9.39% YTD performance, and +$1.18B in YTD flows. Run a side-by-side ETF comparison of FPRO and VNQ 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 VNQ performance and flow charts

Performance

Cumulative Flows

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.

Data Services

Historic performance and flows

Data as of 09/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FPRO VNQ	-2.25%-2.25%	-2.18%-1.99%	+11.47%+9.39%	+10.56%+7.52%	+33.04%+31.06%	+8.91%+6.51%
Flows	FPRO VNQ	--$200M	-$622K+$590M	+$1M+$1.18B	+$58K+$1.81B	-$591K+$719M	-$814K-$938M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FPRO VNQ	+14.14%+14.24%	+13.60%+13.67%	+16.58%+16.77%	+18.84%+18.86%
Max drawdown	FPRO VNQ	-5.62%-5.94%	-7.71%-8.32%	-16.55%-17.41%	-33.01%-34.43%
Max drawdown duration	FPRO VNQ	45d43d	44d44d	511d441d	1565d1621d

Trading data

Create an account to view trading data

Join for free

	FPRO	VNQ
Last sale
Previous close 09/09/2026
Consolidated volume 09/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 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	VNQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

	FPRO	VNQ
Last price	–	–
1D performance	–	–
AuM	$15.89 M	$37.49 B
E/R	0.57%	0.13%

Characteristics

	FPRO	VNQ
Management strategy	Active	Passive
Provider	Fidelity	Vanguard
Benchmark	-	MSCI US Investable Market Real Estate 25/50 Transition Index
N° of holdings	107	138
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 2, 2021	September 23, 2004
ESG	No	No

More FPRO data on Trackinsight

More VNQ data on Trackinsight

Exposure

Countries

FPRO

USA

99.96%

Other

0.04%

VNQ

USA

98.72%

Other

1.28%

Sectors

FPRO

Finance

98.35%

Other

1.65%

VNQ

Finance

97.77%

Other

2.23%

Diversification

FPRO

Total weight of top 15 holdings out of 15

73.96%

VNQ

Total weight of top 15 holdings out of 15

58.79%

Top 15 holdings

Data as of July 31, 2026

FPRO

Prologis, Inc.

10.08%

Equinix, Inc.

8.94%

Welltower, Inc.

8.65%

American Tower Corp.

8.63%

Digital Realty Trust, Inc.

4.69%

Public Storage

3.85%

Kimco Realty Corp.

3.85%

Simon Property Group, Inc.

3.81%

STAG Industrial, Inc.

3.66%

Realty Income Corp.

3.33%

Ventas, Inc.

3.23%

CBRE Group, Inc.

3.10%

Iron Mountain, Inc.

2.75%

NNN REIT, Inc.

2.72%

UDR, Inc.

2.67%

VNQ

Welltower, Inc.

9.90%

Prologis, Inc.

8.15%

Equinix, Inc.

6.08%

American Tower Corp.

4.88%

Simon Property Group, Inc.

4.50%

Digital Realty Trust, Inc.

3.91%

Realty Income Corp.

3.58%

Public Storage

3.23%

Ventas, Inc.

2.69%

CBRE Group, Inc.

2.62%

Iron Mountain, Inc.

2.20%

Crown Castle, Inc.

2.01%

Extra Space Storage, Inc.

1.89%

VICI Properties, Inc.

1.59%

AvalonBay Communities, Inc.

1.56%

Frequently asked questions about FPRO and VNQ

How have the FPRO and VNQ ETFs performed in 2026?

As of September 9, 2026, FPRO is up 11.47% year-to-date (YTD), while VNQ has returned 9.39%. That puts FPRO better performer ahead so far this year.

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

Year-to-date, the FPRO ETF saw +$1M in flows, compared to +$1.18B for VNQ.

Which ETF is more volatile: FPRO or VNQ?

Over the past year, FPRO had a volatility of 13.6%, while VNQ experienced 13.67%.

Which ETF is bigger: FPRO or VNQ?

As of September 9, 2026, FPRO holds $15.89 M in assets under management (AUM), while VNQ manages $37.49 B.

What sectors do the FPRO and VNQ ETFs invest in?

FPRO leans toward sectors like Finance. Meanwhile, VNQ focuses on Finance.

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

FPRO top holdings include Prologis, Inc., Equinix, Inc. and Welltower, Inc.. VNQ holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..

FPROvsVNQETF Comparison

Fidelity Real Estate Investment ETF

Vanguard Real Estate ETF

FPRO vs VNQ performance and flow charts

Performance

Cumulative Flows

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

Countries

Sectors

Diversification

Top 15 holdings

How have the FPRO and VNQ ETFs performed in 2026?

As of September 9, 2026, FPRO is up 11.47% year-to-date (YTD), while VNQ has returned 9.39%. That puts FPRO better performer ahead so far this year.

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

Year-to-date, the FPRO ETF saw +$1M in flows, compared to +$1.18B for VNQ.

Which ETF is more volatile: FPRO or VNQ?

Over the past year, FPRO had a volatility of 13.6%, while VNQ experienced 13.67%.

Which ETF is bigger: FPRO or VNQ?

As of September 9, 2026, FPRO holds $15.89 M in assets under management (AUM), while VNQ manages $37.49 B.

What sectors do the FPRO and VNQ ETFs invest in?

FPRO leans toward sectors like Finance. Meanwhile, VNQ focuses on Finance.

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

FPRO top holdings include Prologis, Inc., Equinix, Inc. and Welltower, Inc.. VNQ holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..

Which ETF is more diversified: FPRO or VNQ?

FPRO holds 107 securities with 73.96% of its assets in the top 15. VNQ has 139 securities and a top 15 weight of 58.79%.

Losers Of Q2 2026 REIT Earnings Season

Winners of Q2 2026 REIT Earnings Season

REIT Renaissance: The Long-Awaited Comeback Begins

ETF Comparison: Schwab U.S. REIT ETF (SCHH) Versus Vanguard Real Estate ETF (VNQ)

Real Estate Sector Declines on Fed Minutes

Real Estate Sector Declines on Fed Minutes

Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields

Real Estate ETFs Hit Again by the Rise in Treasury Yields

Build and Analyze Your ETF Portfolio Like a Pro