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. Both ETFs have the same top 3 sector exposures: Real Estate and Industrials. VNQ is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.57% for FPRO. VNQ is up 8.87% year-to-date (YTD) with +$211M in YTD flows. FPRO performs better with 11.32% YTD performance, and -$1K 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VNQ FPRO | +8.44%+8.55% | +6.56%+8.48% | +8.87%+11.32% | +13.72%+14.21% | +31.09%+31.16% | +17.45%+22.31% |
| Flows | VNQ FPRO | -$174M- | +$118M+$567K | +$211M-$1K | +$617M-$590K | -$394M-$3M | +$986M+$7M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VNQ FPRO | +14.71%+14.47% | +13.36%+13.44% | +16.86%+16.62% | +18.82%+18.81% |
| Max drawdown | VNQ FPRO | -8.32%-7.71% | -8.32%-7.71% | -17.41%-16.55% | -34.43%-33.01% |
| Max drawdown duration | VNQ FPRO | 44d44d | 44d44d | 141d511d | 1573d1565d |
Trading data
VNQ | FPRO | |
Last sale 4/27/2026 at 5:51 PM | $94.96 | $24.54 |
| Previous close 04/24/2026 | $95.30 | $24.62 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/27/2026 at 5:51 PM
Live
Closed
VNQ | FPRO | |
|---|---|---|
| Last price | $94.96 | $24.54 |
| 1D performance | -0.36% | -0.30% |
| AuM | $36.69 B | $14.76 M |
| E/R | 0.13% | 0.57% |
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Exposure
Countries
VNQ
USA
98.85%
Other
1.15%
FPRO
USA
99.95%
Other
0.05%
Sectors
VNQ
Real Estate
95.02%
Other
4.98%
FPRO
Real Estate
98.56%
Other
1.44%
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Diversification
VNQ
Total weight of top 15 holdings out of 15
58.86%
FPRO
Total weight of top 15 holdings out of 15
74.92%
Top 15 holdings
Data as of March 31, 2026
VNQ
WELLTOWER INC
9.02%
PROLOGIS REIT
8.23%
EQUINIX INC COMMON STOCK REIT
6.45%
AMERICAN TOWER CL A REIT
5.42%
DIGITAL REALTY REIT
4.15%
SIMON PROPERTY GROUP REIT
4.08%
REALTY INCOME REIT
3.75%
PUBLIC STORAGE REIT
2.87%
CBRE GROUP
2.70%
VENTAS REIT
2.57%
CROWN CASTLE INTERNATIONAL
2.37%
IRON MOUNTAIN
2.02%
EXTRA SPACE STORAGE REIT
1.87%
VICI PROPERTIES INC
1.82%
AVALONBAY COMMUNITIES REIT
1.55%
FPRO
PROLOGIS REIT
9.51%
EQUINIX INC COMMON STOCK REIT
9.38%
WELLTOWER INC
9.25%
AMERICAN TOWER CL A REIT
8.40%
KIMCO REALTY REIT
5.02%
NATIONAL RETAIL PROPERTIES REIT
4.68%
DIGITAL REALTY REIT
3.92%
PUBLIC STORAGE REIT
3.76%
CBRE GROUP
3.73%
VENTAS REIT
3.34%
EQUITY RESIDENTIAL REIT
3.08%
IRON MOUNTAIN
3.06%
UDR REIT
3.00%
STAG INDUSTRIAL REIT
2.68%
URBAN EDGE PROPERTIES
2.11%
Frequently asked questions about VNQ and FPRO
How have the VNQ and FPRO ETFs performed in 2026?
As of April 24, 2026, VNQ is up 8.87% year-to-date (YTD), while FPRO has returned 11.32%. 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 +$211M in flows, compared to -$1K for FPRO.
Which ETF is more volatile: VNQ or FPRO?
Over the past year, VNQ had a volatility of 13.36%, while FPRO experienced 13.44%.
Which ETF is bigger: VNQ or FPRO?
As of April 24, 2026, VNQ holds $36.69 B in assets under management (AUM), while FPRO manages $14.76 M.
What sectors do the VNQ and FPRO ETFs invest in?
VNQ leans toward sectors like Real Estate. Meanwhile, FPRO focuses on Real Estate.
What are the top holdings of the VNQ ETF and FPRO ETF?
VNQ top holdings include WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT. FPRO holds in its top three: PROLOGIS REIT, EQUINIX INC COMMON STOCK REIT and WELLTOWER INC.
Which ETF is more diversified: VNQ or FPRO?
VNQ holds 144 securities with 58.86% of its assets in the top 15. FPRO has 110 securities and a top 15 weight of 74.92%.
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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
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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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