Fidelity Real Estate Etf Profile
FPRO Etf | USD 24.30 0.17 0.69% |
Performance4 of 100
| Odds Of DistressLess than 9
|
Fidelity Real is selling at 24.30 as of the 30th of November 2024; that is 0.69 percent decrease since the beginning of the trading day. The etf's open price was 24.47. Fidelity Real has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Fidelity Real Estate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission and is not required to publicly disclose its complete portfolio holdings each business day. Fidelity Real is traded on BATS Exchange in the United States. More on Fidelity Real Estate
Moving together with Fidelity Etf
0.96 | VNQ | Vanguard Real Estate | PairCorr |
0.82 | XLRE | Real Estate | PairCorr |
0.98 | IYR | iShares Real Estate | PairCorr |
Moving against Fidelity Etf
Fidelity Etf Highlights
Thematic Ideas | (View all Themes) |
Business Concentration | Sector ETFs, Real Estate ETFs, Real Estate, Fidelity Investments (View all Sectors) |
Issuer | Fidelity |
Inception Date | 2021-02-04 |
Entity Type | Regulated Investment Company |
Asset Under Management | 15.89 Million |
Asset Type | Real Estate |
Category | Sector |
Focus | Real Estate |
Market Concentration | Blended Development |
Region | Global |
Administrator | State Street Bank and Trust Company |
Advisor | Fidelity Management & Research Company LLC |
Custodian | State Street Bank and Trust Company |
Distributor | Fidelity Distributors Company LLC |
Portfolio Manager | Steven Buller, Zhitong Zhang |
Transfer Agent | State Street Bank and Trust Company |
Fiscal Year End | 31-Jul |
Exchange | Cboe BZX Exchange, Inc. |
Market Maker | Citadel |
Total Expense | 0.59 |
Management Fee | 0.59 |
Country Name | USA |
Returns Y T D | 15.23 |
Name | Fidelity Real Estate Investment ETF |
Currency Code | USD |
Open Figi | BBG00Z4JG0Y1 |
In Threey Volatility | 21.76 |
1y Volatility | 19.98 |
200 Day M A | 21.9279 |
50 Day M A | 23.7917 |
Code | FPRO |
Updated At | 30th of November 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | (0.07) |
Type | ETF |
Fidelity Real Estate [FPRO] is traded in USA and was established 2021-02-02. The fund is listed under Real Estate category and is part of Fidelity Investments family. The entity is thematically classified as Sector ETFs. Fidelity Real Estate currently have 16.06 M in assets under management (AUM). , while the total return for the last 3 years was 1.5%.
Check Fidelity Real Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Real Estate Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity Real Estate Etf Constituents
CCI | Crown Castle | Stock | Real Estate | |
CUBE | CubeSmart | Stock | Real Estate | |
DLR | Digital Realty Trust | Stock | Real Estate | |
EQIX | Equinix | Stock | Real Estate | |
PLD | Prologis | Stock | Real Estate | |
SBAC | SBA Communications Corp | Stock | Real Estate | |
UDR | UDR Inc | Stock | Real Estate | |
VTR | Ventas Inc | Stock | Real Estate |
Fidelity Real Estate Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Real. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
Risk Adjusted Performance | 0.0541 | |||
Jensen Alpha | 0.0438 | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | (0.08) |
Fidelity Real Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Real Estate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of Fidelity Real Estate is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Real's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Real's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Real's market value can be influenced by many factors that don't directly affect Fidelity Real's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Real's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.