Summary
Fidelity Real Estate Investment ETF is an ETF - a fund traded on an exchange like a stock - run by Fidelity. Positions inside: 43. The ten largest make up 60% of the fund.
- Yearly costs
- 0.57%
- Fund size
- $15.0M
- Positions
- 43
- Dividend yield
- 2.44%
- Running since
- 2021
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 60% of the fund, so its result rests on a few names.
- 99% of the fund is in one sector (Real estate).
- 100% of the fund is in one country (United States).
- Costs of 0.57% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 36% from its high.
- A small fund with $15.0M under management; small funds get closed more often.
- It trades little: only about $120.1K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +5.0%
- 3 months
- -2.7%
- This year
- +10%
- 1 year
- +8.9%
- 3 years
- +32%
- 5 years
- -3.5%
- Avg. market cap
- $66.2B
- P/E
- 31.3x
- Forward P/E
- 36.0x
- P/S
- 5.2x
- P/B
- 3.0x
- P/FCF
- 27.6x
- EV/EBITDA
- 16.4x
- Dividend yield
- 3.20%
- ROIC
- 5.8%
- ROE
- 21.0%
- Gross margin
- 41.2%
- Operating margin
- 28.2%
- Net margin
- 25.4%
- Payout ratio
- 100.2%
- Net debt/EBITDA
- 3.1x
- Beta
- 0.93
Weighted average of the 42 largest companies, which make up 95% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 EQEquinix EQIX 10%
- 2 PLPrologis PLD 10%
- 3 AMAmerican Tower AMT 9.3%
- 4 WEWelltower WELL 8.4%
- 5 SPSimon Property Group, Inc. SPG 4.4%
- 6 VTVentas, Inc. VTR 3.6%
- 7 UDUDR, Inc. UDR 3.6%
- 8 DLDigital Realty DLR 3.5%
- 9 PSPublic Storage PSA 3.4%
- 10 CBCBRE Group, Inc. CBRE 3.3%
Positions in the fund: 43. The ten largest make up 60% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One sector dominatesBy sector
- Real estate 99%
- Other 0.3%
By country
- United States 100%
By company size
- Large cap 85%
- Mid cap 14%
- Small cap 0.6%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 95% of the fund.
Largest sector: Real estate (99%). Largest country: United States (100%). Largest size group: Large cap (85%).
What does it cost me?
Expensive- A year from $10,000
- $57.00
- Over 20 years
- $2,737
From every $10,000 invested the fund takes $57.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,737.
How has it done?
Losing value- A year on average, 5 years
- -0.7%
- Deepest drop
- -36%
- Yearly volatility
- 14%
Average yearly decline over the last five years: 0.7%. Deepest drop in these years: 36% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.44%
- Payments a year
- 4
- Last payment
- $0.14
Over the last 12 months it paid $0.60 per share, which is 2.44% of today's price. The last payment was $0.14 on Sep 18, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $120.1K
- Shares a day
- 4.9K
On an average day about $120.1K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 31.3
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 17%
- Fairly valued 21%
- Overvalued 62%
On average the companies inside trade for 31.3 times their yearly profit. By Fair Price, 62% of the rated weight comes out as overvalued.
Counted from its largest companies (42), which make up 95% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FR FRESX Fidelity Real Estate Investment Portfolio· mutual fund | - | - | $2.91B | +7.8% | Pays out | 94% |
TR TRUR VanEck Real Estate TruSector ETF | United States | 0.17% | $249.1K | - | Pays out | 64% |
IY IYRI NEOS Real Estate High Income ETF | United States | 0.68% | $115.6M | -5.5% | Pays out | 64% |
FS FSRNX Fidelity Real Estate Index Fund· mutual fund | - | - | $3.30B | +6.6% | Pays out | 64% |
FR FREL Fidelity MSCI Real Estate Index ETF | United States | 0.08% | $1.39B | +6.1% | Pays out | 64% |
IY IYR iShares U.S. Real Estate ETF | United States | 0.37% | $3.96B | +6.2% | Pays out | 64% |