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ETFs

Fidelity Real Estate Investment ETF

FPRO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 02 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$34,893
AUM
$13,212,123
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PLD
Prologis Inc
10.52%
CCI
Crown Castle Inc
9.09%
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF
6.47%
EQIX
Equinix Inc
6.24%
VTR
Ventas Inc
5.74%
WELL
Welltower Inc.
4.31%
DLR
Digital Realty Trust Inc
4.12%
SBAC
SBA Communications Corp - Ordinary Shares - Class A
4.11%
MAA
Mid-America Apartment Communities, Inc.
3.91%
CUBE
CubeSmart
3.23%
Invest with FPRO

What is FPRO?

The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. Normally investing primarily in equity securities. Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Investing in domestic and foreign issuers.

ETFs related toFPRO

ETFs correlated to FPRO include VNQ, IYR, FREL

FPRO
Fidelity Covington Trust - Fidelity Real Estate Investment ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
BBRE
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders MSCI U.S. REIT ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFPRO

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FPRO using Composer

FAQ

FPRO is a Global Equities ETF. The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. Normally investing primarily in equity securities. Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Investing in domestic and foreign issuers.

Yes, FPRO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FPRO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FPRO is -0.0434%. This is the percent change in the value of FPRO over the most recent 1-month period. The 3-month return on FPRO is -0.046%. This is the percent change in the value of FPRO over the most recent 3-month period.

The standard deviation of FPRO for the past year is 0.2223%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FPRO include IXJ, SMH, and URA.

ETFs correlated to FPRO include VNQ, IYR, and FREL.

ETFs that are inversely correlated to FPRO include SRS, DRV, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.