FPRO vs VTI
Fidelity Real Estate Investment ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FPRO or VTI?
All Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 58.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPRO | VTI |
|---|---|---|
| Expense Ratio | 0.57% | 0.03%Best |
| AUM | $17M | $666.9B |
| Dividend Yield | 2.45% | 1.03% |
| Holdings | 44 | 3,543 |
| YTD Return | +5.95% | +13.10%Best |
| 1Y Return | +5.60% | +17.01%Best |
| 3Y Return (annualized) | +9.36% | +22.26%Best |
| 5Y Return (annualized) | +1.32% | +11.98%Best |
| Volatility (annualized) | 18.8% | 15.4%Best |
| Max Drawdown | -32.8% | -25.4%Best |
| $10,000 over 5 years | $10,678 | $17,608Best |
| Top 10 Weight | 58.8% | 33.3%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Sep 24, 2026 (5.6 years).
FPRO vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
FPRO vs VTI Performance
Fidelity Real Estate Investment ETF (FPRO) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FPRO returned +5.60% while VTI returned +17.01%. Year to date, FPRO is up 5.95% versus a gain of 13.10% for VTI.
Over three years, FPRO compounded at +9.36% per year against +22.26% for VTI; over five years the annualized figures are +1.32% and +11.98% respectively. Across the full 6-year window we track, VTI has the edge at +13.20% annualized vs +5.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPRO has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.4% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.8% for FPRO and -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPRO charges 0.57% per year while VTI charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, FPRO currently yields 2.45% against 1.03% for VTI.
Holdings Overlap
99.1% of FPRO's money is in holdings VTI also owns. 1.6% of VTI's money is in holdings FPRO also owns.
Most of FPRO is already inside VTI. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 44 positions we hold weights for in FPRO and 3,463 in VTI, against full books of 44 and 3,543.
What only one of them owns
Measured across the 44 and 3,463 positions we hold weights for.
VTI holds 1,114 positions FPRO does not, 95.8% of the fund.
Largest: NVDA 6.40%, AAPL 6.29%, MSFT 4.79%, AMZN 3.65%, GOOGL 2.90%
Top Shared Holdings
| Stock | Weight in FPRO | Weight in VTI | Difference |
|---|---|---|---|
| PLDPrologis Inc | 9.92% | 0.19% | 9.73% |
| EQIXEquinix Inc. Real Estate Investment Trust | 9.21% | 0.14% | 9.07% |
| AMTAmerican Tower Corporation | 8.81% | 0.11% | 8.70% |
| WELLWelltower, Inc. | 7.61% | 0.23% | 7.38% |
| SPGSimon Property Group Inc | 5.27% | 0.10% | 5.17% |
| DLRDigital Realty Trust Inc. | 3.92% | 0.09% | 3.83% |
| CBRECbre Services Inc | 3.71% | 0.06% | 3.65% |
| KIMKimco Realty Corp. | 3.71% | 0.02% | 3.69% |
| UDRUdr Inc. | 3.50% | 0.02% | 3.48% |
| VTRVentas Inc . | 3.15% | 0.06% | 3.09% |
99.1% of FPRO is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPRO or VTI?
FPRO has an expense ratio of 0.57% while VTI charges 0.03%. VTI is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, FPRO or VTI?
Over the past year FPRO returned +5.60% vs +17.01% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (6 years), FPRO annualized +5.05% vs +13.20% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPRO or VTI?
FPRO has been the more volatile fund at 18.8% annualized versus 15.4% for VTI. Worst drawdown: FPRO -32.8% vs VTI -25.4%.
Should I hold both FPRO and VTI?
FPRO and VTI have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPRO and VTI?
99.1% of FPRO's money is in holdings VTI also owns. 1.6% of VTI's is in holdings FPRO also owns. They hold 44 positions in common, counted across the 44 positions we hold weights for in FPRO and 3,463 in VTI.
Which pays a higher dividend, FPRO or VTI?
FPRO yields 2.45% while VTI yields 1.03%, so FPRO currently pays the higher dividend yield.
Is VTI better than FPRO?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 58.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.