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FREL vs FPRO

Fidelity MSCI Real Estate Index ETF vs Fidelity Real Estate Investment ETF

FREL

Fidelity MSCI Real Estate Index ETF

Fidelity Investments

Annual cost

0.08%

Fund size

$1.4B

FPRO

Fidelity Real Estate Investment ETF

Fidelity Investments

Annual cost

0.57%

Fund size

$15M

Key differences

  • FREL costs 0.49% less per year.
  • FREL is significantly larger than FPRO — larger funds tend to be more liquid and less likely to close.
  • FREL follows a index tracking strategy; FPRO uses active selection.
  • FREL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FRELFPRO
Annual cost (TER)0.08%0.57%
Fund size (AUM)$1.4B$15M
Since20152021
Dividend yield3.28%2.52%
Asset classequityequity
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+14.9%+15.0%
CAGR 3Y+10.4%+10.4%
CAGR 5Y+3.5%+4.8%
Sharpe 3Y0.470.47
Volatility 1Y13.15%13.08%
Max drawdown-42.61%-32.80%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FREL and FPRO