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 and Technology. VNQ is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.57% for FPRO. VNQ is up 7.78% year-to-date (YTD) with +$1.65B in YTD flows. FPRO performs better with 9.27% YTD performance, and +$603K 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 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VNQ FPRO | +1.40%+0.83% | -5.24%-5.39% | +7.78%+9.27% | +4.44%+5.93% | +45.48%+44.98% | +2.97%+6.37% |
| Flows | VNQ FPRO | +$211M-$594K | +$317M-$594K | +$1.65B+$603K | +$2.25B+$41K | +$1.34B-$1M | -$637M-$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VNQ FPRO | +13.13%+12.85% | +13.97%+13.84% | +16.45%+16.29% | +18.87%+18.83% |
| Max drawdown | VNQ FPRO | -11.33%-10.91% | -11.33%-10.91% | -17.41%-16.55% | -34.43%-33.01% |
| Max drawdown duration | VNQ FPRO | 87d89d | 87d89d | 441d511d | 1621d1565d |
Trading data
VNQ | FPRO | |
Last sale 10/23/2026 at 1:30 PM | $92.69 | $23.82 |
| Previous close 10/22/2026 | $92.65 | $23.81 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 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 10/23/2026 at 1:30 PM
Live
Closed
VNQ | FPRO | |
|---|---|---|
| Last price | $92.69 | $23.82 |
| 1D performance | +0.04% | +0.02% |
| AuM | $37.09 B | $14.90 M |
| E/R | 0.13% | 0.57% |
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Exposure
Countries
VNQ
USA
98.92%
Other
1.08%
FPRO
USA
99.96%
Other
0.04%
Sectors
VNQ
Finance
97.88%
Other
2.12%
FPRO
Finance
98.73%
Other
1.27%
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Diversification
VNQ
Total weight of top 15 holdings out of 15
60.89%
FPRO
Total weight of top 15 holdings out of 15
73.09%
Top 15 holdings
Data as of August 31, 2026
VNQ
Welltower, Inc.
10.22%
Prologis, Inc.
8.07%
Equinix, Inc.
6.38%
American Tower Corp.
5.06%
Simon Property Group, Inc.
4.26%
Digital Realty Trust, Inc.
4.25%
Realty Income Corp.
3.51%
Public Storage
3.13%
Equity Residential
2.88%
Ventas, Inc.
2.74%
CBRE Group, Inc.
2.64%
Iron Mountain, Inc.
2.12%
Crown Castle, Inc.
2.05%
Extra Space Storage, Inc.
1.84%
VICI Properties, Inc.
1.73%
FPRO
Prologis, Inc.
10.13%
Equinix, Inc.
8.95%
American Tower Corp.
8.56%
Welltower, Inc.
7.69%
Simon Property Group, Inc.
4.95%
Digital Realty Trust, Inc.
4.49%
UDR, Inc.
3.71%
Ventas, Inc.
3.63%
Equity Residential
3.35%
NNN REIT, Inc.
3.20%
CBRE Group, Inc.
3.19%
Realty Income Corp.
3.03%
Kimco Realty Corp.
2.87%
STAG Industrial, Inc.
2.75%
Iron Mountain, Inc.
2.60%
Frequently asked questions about VNQ and FPRO
How have the VNQ and FPRO ETFs performed in 2026?
As of October 23, 2026, VNQ is up 7.78% year-to-date (YTD), while FPRO has returned 9.27%. 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 +$1.65B in flows, compared to +$603K for FPRO.
Which ETF is more volatile: VNQ or FPRO?
Over the past year, VNQ had a volatility of 13.97%, while FPRO experienced 13.84%.
Which ETF is bigger: VNQ or FPRO?
As of October 23, 2026, VNQ holds $37.09 B in assets under management (AUM), while FPRO manages $14.90 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: Prologis, Inc., Equinix, Inc. and American Tower Corp..
Which ETF is more diversified: VNQ or FPRO?
VNQ holds 138 securities with 60.89% of its assets in the top 15. FPRO has 107 securities and a top 15 weight of 73.09%.
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Latest news about VNQ & FPRO
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Real Estate Sector Declines on Fed Minutes
May 27, 2024
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Real Estate Sector Declines on Fed Minutes
May 27, 2024
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Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
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