FPRO vs VYM
Fidelity Real Estate Investment ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FPRO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.04% | |
| AUM | $17M | $81.6B | |
| Dividend Yield | 2.45% | 2.24% | |
| Holdings | 43 | 616 | |
| YTD Return | +14.30% | +16.78% | |
| 1Y Return | +13.19% | +24.43% | |
| 3Y Return (annualized) | +9.91% | +18.60% | |
| 5Y Return (annualized) | +2.54% | +12.30% | |
| Volatility (annualized) | 18.7% | 14.6% | |
| Max Drawdown | -32.8% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 2, 2021 | Nov 10, 2006 |
FPRO vs VYM Performance
Fidelity Real Estate Investment ETF (FPRO) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FPRO returned +13.19% while VYM returned +24.43%. Year to date, FPRO is up 14.30% versus a gain of 16.78% for VYM.
Over three years, FPRO compounded at +9.91% per year against +18.60% for VYM; over five years the annualized figures are +2.54% and +12.30% respectively. Across the full 6-year window we track, VYM has the edge at +7.11% annualized vs +6.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPRO has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPRO charges 0.57% per year while VYM charges 0.04%. On a $10,000 position that is $57 vs $4 annually, a gap of $53 per year that compounds over a long holding period. On income, FPRO currently yields 2.45% against 2.24% for VYM.
Holdings Overlap
FPRO and VYM share 0 holdings out of 646 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPRO or VYM?
FPRO has an expense ratio of 0.57% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, FPRO or VYM?
Over the past year FPRO returned +13.19% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), FPRO annualized +6.61% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, FPRO or VYM?
FPRO has been the more volatile fund at 18.7% annualized versus 14.6% for VYM. Worst drawdown: FPRO -32.8% vs VYM -58.8%.
Should I hold both FPRO and VYM?
FPRO and VYM have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPRO and VYM?
FPRO and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 646 unique securities.
Which pays a higher dividend, FPRO or VYM?
FPRO yields 2.45% while VYM yields 2.24%, so FPRO currently pays the higher dividend yield.
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