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FRELvsFPROETF Comparison
Fidelity MSCI Real Estate Index ETF (FREL) belongs to the US Real Estate segment. Fidelity Real Estate Investment ETF (FPRO) is part of the Uncategorized Equities segment. Both ETFs have the same top 3 sector exposures: Real Estate and Industrials. FREL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.57% for FPRO. FREL is up 4.52% year-to-date (YTD) with +$264M in YTD flows. FPRO performs better with 6.05% YTD performance, and -$1K in YTD flows. Run a side-by-side ETF comparison of FREL and FPRO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FREL vs FPRO performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREL FPRO | -0.92%-1.17% | +4.24%+6.03% | +4.52%+6.05% | +6.25%+6.61% | +27.46%+26.67% | +23.28%+25.57% |
| Flows | FREL FPRO | +$35M- | +$276M-$1K | +$264M-$1K | +$369M-$1M | +$52M-$3M | +$160M+$10M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREL FPRO | +11.97%+11.73% | +16.37%+16.29% | +17.19%+16.84% | +18.86%+18.78% |
| Max drawdown | FREL FPRO | -3.49%-3.76% | -12.43%-12.26% | -17.46%-16.55% | -34.35%-33.01% |
| Max drawdown duration | FREL FPRO | 9d10d | 79d82d | 441d511d | 1529d1530d |
FREL | FPRO | |
Last sale 3/12/2026 at 1:30 PM | $27.92 | $23.61 |
| Previous close 03/12/2026 | $28.11 | $23.77 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FREL | FPRO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FREL | FPRO | |
|---|---|---|
| Last price | $27.92 | $23.61 |
| 1D performance | -0.68% | -0.69% |
| AuM | $1.40 B | $14.17 M |
| E/R | 0.08% | 0.57% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FREL and FPRO ETFs performed in 2026?
As of March 11, 2026, FREL is up 4.52% year-to-date (YTD), while FPRO has returned 6.05%. That puts FPRO better performer ahead so far this year.
Which ETF is attracting more investor money: FREL or FPRO?
Year-to-date, the FREL ETF saw +$264M in flows, compared to -$1K for FPRO.
Which ETF is more volatile: FREL or FPRO?
Over the past year, FREL had a volatility of 16.37%, while FPRO experienced 16.29%.
Which ETF is bigger: FREL or FPRO?
As of March 11, 2026, FREL holds $1.40 B in assets under management (AUM), while FPRO manages $14.17 M.
What sectors do the FREL and FPRO ETFs invest in?
FREL leans toward sectors like Real Estate. Meanwhile, FPRO focuses on Real Estate.
What are the top holdings of the FREL ETF and FPRO ETF?
FREL top holdings include PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT. FPRO holds in its top three: PROLOGIS REIT, EQUINIX INC COMMON STOCK REIT and WELLTOWER INC.
Which ETF is more diversified: FREL or FPRO?
FREL holds 130 securities with 56.79% of its assets in the top 15. FPRO has 40 securities and a top 15 weight of 76.39%.
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