FPRO
Fidelity Real Estate Investment ETF
FPRO is an actively-managed, non-transparent ETF that invests in global real estate companies.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 15.8 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Inception date | Feb 02, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EQUINIX INC | 11.3 % |
| PROLOGIS INC | 10.5 % |
| WELLTOWER, INC. | 9.7 % |
| AMERICAN TOWER CORP-CL A | 8.5 % |
| DIGITAL REALTY TRUST INC | 4.8 % |
| KIMCO REALTY CORP | 4.5 % |
| NATIONAL RETAIL PROPERTIES | 4.5 % |
| PUBLIC STORAGE | 4.2 % |
| VENTAS INC | 3.6 % |
| STAG INDUSTRIAL INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 595 |
| Wgt avg mkt cap (mns) | $48,785 |
| Large cap (>$10bn) | 79.5% |
| Mid cap ($2-10bn) | 17.4% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 107.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 107.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.4% | 8.2% | 9.8% | 7.5% | 1.4% | -- | -- | 4.0% |
| Dividend Yield | 0.0% | 2.2% | 2.5% | 2.7% | 2.5% | -- | -- | 2.5% |
| Total Returns | 10.4% | 10.4% | 12.2% | 10.2% | 3.9% | -- | -- | 6.5% | Ann. Volatility | 14.1% | 13.2% | 15.8% | 16.5% | 18.7% | -- | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.43 | 15% |
| MSCI EAFE | 0.47 | 28% |
| MSCI Emg Mkts | 0.23 | 11% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| 30d moving avg. (EMA) | $24.56 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.13/0.15 |
| Bollinger Bands (Upper/Lower) | $25.13/$24.30 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FPRO |
Expenses vs. FPRO |
ALTAR Score™ vs. FPRO |
|---|---|---|---|---|
| XLRE | Real Estate Select Sector SPDR | 70.7% | -51 bp | +0.7% |
| IYR | iShares U.S. Real Estate ETF | 66.7% | -19 bp | +0.6% |
| VNQ | Vanguard Real Estate ETF | 66.2% | -46 bp | +0.5% |
| FREL | Fidelity MSCI Real Estate Index ETF | 65.1% | -51 bp | +0.7% |
| ICF | iShares Cohen & Steers REIT ETF | 64.5% | -26 bp | +0.9% |
| SCHH | Schwab U.S. REIT ETF | 62.7% | -52 bp | +0.9% |
| JPRE | JPMorgan Realty Income ETF | 60.5% | -9 bp | +0.8% |
| DFAR | Dimensional US Real Estate ETF | 59.8% | -40 bp | +0.9% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 59.3% | -48 bp | +0.9% |
| RWR | State Street SPDR Dow Jones REIT ETF | 59.0% | -34 bp | +0.5% |
Risk and Returns: FPRO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.9%
ALTAR SCORE™
84th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. FPRO's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places FPRO in the 84th percentile
among funds in the category.
Sell-Side Consensus
$26.66
PRICE TARGET
+9.7%
UPSIDE