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Fidelity Real Estate Investment (FPRO)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.59 % · ISIN US3160923112
Price history (since 2021)
Monthly close since 2021. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Prologis Inc PLD | 9.9 % | n/a | n/a |
| Equinix Inc EQIX | 9.2 % | −86.8 % | 48 |
| American Tower Corp AMT | 8.8 % | −2.6 % | 60 |
| Welltower Inc WELL | 7.6 % | −71.8 % | 42 |
| Simon Property Group Inc SPG | 5.3 % | −45.2 % | 57 |
| Digital Realty Trust Inc DLR | 3.9 % | −29.7 % | 47 |
| CBRE Group Inc Class A CBRE | 3.7 % | −34.4 % | 53 |
| Kimco Realty Corporation KIM | 3.7 % | −23.0 % | 56 |
| UDR Inc UDR | 3.5 % | +1.6 % | 59 |
| Ventas Inc VTR | 3.2 % | −64.4 % | 41 |
| Realty Income Corporation O | 3.1 % | +59.7 % | 48 |
| Public Storage PSA | 2.9 % | −19.4 % | 67 |
| Equity Residential EQR | 2.9 % | n/a | n/a |
| NNN REIT, Inc. NNN | 2.6 % | +3.4 % | 49 |
| STAG Industrial Inc STAG | 2.5 % | +35.4 % | 60 |
| Iron Mountain Incorporated IRM | 2.1 % | −64.9 % | 38 |
| American Homes 4 Rent AMH | 1.9 % | +71.7 % | 63 |
| Jones Lang LaSalle Incorporated JLL | 1.8 % | +63.6 % | 66 |
| SBA Communications Corp SBAC | 1.5 % | +5.0 % | 64 |
| Sun Communities Inc SUI | 1.5 % | +34.0 % | 56 |
| Invitation Homes Inc INVH | 1.5 % | n/a | n/a |
| Urban Edge Properties UE | 1.3 % | −40.5 % | 49 |
| Healthpeak Properties Inc DOC | 1.3 % | +8.9 % | 41 |
| Camden Property Trust CPT | 1.2 % | −38.1 % | 61 |
| Weyerhaeuser Company WY | 1.2 % | −64.6 % | 50 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 44 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about FPRO
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What is the fair value of FPRO?
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity Real Estate Investment ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.