VNQvsFPROETF Comparison
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Vanguard Real Estate ETF (VNQ) belongs to the US Real Estate segment. Fidelity Real Estate Investment ETF (FPRO) is part of the Uncategorized Equities segment. VNQ's top 3 sector exposures are Finance, Technology and Consumer Services. In contrast, FPRO's top sector exposures are Finance, Technology and Utilities. VNQ is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.57% for FPRO. VNQ is up 16.19% year-to-date (YTD) with +$1.32B in YTD flows. FPRO performs better with 18.11% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of VNQ 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.
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VNQ vs FPRO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VNQ FPRO | +3.96%+3.45% | +6.73%+6.10% | +16.19%+18.11% | +14.19%+15.57% | +30.67%+31.99% | +15.35%+17.96% |
| Flows | VNQ FPRO | +$252M-$622K | +$1.13B+$1M | +$1.32B+$1M | +$1.83B-$499K | +$949M-$1M | -$202M+$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VNQ FPRO | +16.06%+16.13% | +14.11%+14.16% | +16.82%+16.63% | +18.87%+18.86% |
| Max drawdown | VNQ FPRO | -3.31%-3.46% | -8.32%-7.71% | -17.41%-16.55% | -34.43%-33.01% |
| Max drawdown duration | VNQ FPRO | 16d33d | 44d44d | 141d511d | 1621d1565d |
Trading data
VNQ | FPRO | |
Last sale 7/24/2026 at 1:30 PM | $100.81 | $25.93 |
| Previous close 07/23/2026 | $98.69 | $25.36 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FPRO
is actively managed and doesn’t replicate an indexVNQ | FPRO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
VNQ | FPRO | |
|---|---|---|
| Last price | $100.81 | $25.93 |
| 1D performance | +2.15% | +2.24% |
| AuM | $39.97 B | $16.84 M |
| E/R | 0.13% | 0.57% |
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Exposure
Countries
VNQ
USA
98.47%
Other
1.53%
FPRO
USA
99.99%
Other
0.01%
Sectors
VNQ
Finance
97.54%
Other
2.46%
FPRO
Finance
98.47%
Other
1.53%
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Diversification
VNQ
Total weight of top 15 holdings out of 15
58.09%
FPRO
Total weight of top 15 holdings out of 15
76.53%
Top 15 holdings
Data as of June 30, 2026
VNQ
Welltower, Inc.
9.78%
Prologis, Inc.
7.79%
Equinix, Inc.
6.34%
American Tower Corp.
4.70%
Simon Property Group, Inc.
4.48%
Digital Realty Trust, Inc.
3.81%
Realty Income Corp.
3.54%
Public Storage
3.05%
Ventas, Inc.
2.61%
CBRE Group, Inc.
2.45%
Iron Mountain, Inc.
2.32%
Crown Castle, Inc.
2.04%
Extra Space Storage, Inc.
1.89%
VICI Properties, Inc.
1.65%
AvalonBay Communities, Inc.
1.62%
FPRO
Equinix, Inc.
9.44%
Welltower, Inc.
8.82%
Prologis, Inc.
8.62%
American Tower Corp.
7.54%
Kimco Realty Corp.
5.40%
NNN REIT, Inc.
4.72%
Public Storage
4.48%
UDR, Inc.
4.11%
Digital Realty Trust, Inc.
4.00%
STAG Industrial, Inc.
3.57%
Ventas, Inc.
3.52%
Simon Property Group, Inc.
3.29%
CBRE Group, Inc.
3.20%
Iron Mountain, Inc.
2.94%
Realty Income Corp.
2.86%
Frequently asked questions about VNQ and FPRO
How have the VNQ and FPRO ETFs performed in 2026?
As of July 24, 2026, VNQ is up 16.19% year-to-date (YTD), while FPRO has returned 18.11%. That puts FPRO better performer ahead so far this year.
Which ETF is attracting more investor money: VNQ or FPRO?
Year-to-date, the VNQ ETF saw +$1.32B in flows, compared to +$1M for FPRO.
Which ETF is more volatile: VNQ or FPRO?
Over the past year, VNQ had a volatility of 14.11%, while FPRO experienced 14.16%.
Which ETF is bigger: VNQ or FPRO?
As of July 24, 2026, VNQ holds $39.97 B in assets under management (AUM), while FPRO manages $16.84 M.
What sectors do the VNQ and FPRO ETFs invest in?
VNQ leans toward sectors like Finance. Meanwhile, FPRO focuses on Finance.
What are the top holdings of the VNQ ETF and FPRO ETF?
VNQ top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. FPRO holds in its top three: Equinix, Inc., Welltower, Inc. and Prologis, Inc..
Which ETF is more diversified: VNQ or FPRO?
VNQ holds 142 securities with 58.09% of its assets in the top 15. FPRO has 108 securities and a top 15 weight of 76.53%.
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Latest news about VNQ & FPRO
REIT Renaissance: The Long-Awaited Comeback Begins
March 30, 2025
VNQ
ETF Comparison: Schwab U.S. REIT ETF (SCHH) Versus Vanguard Real Estate ETF (VNQ)
September 13, 2024
VNQ
Real Estate Sector Declines on Fed Minutes
May 27, 2024
VNQ
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Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
VNQ
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
VNQ
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
VNQ
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
VNQ
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