- ISIN
- US3161382052
- CUSIP
- 316138205
- Issuer
- Fidelity
- Inception Date
- Nov 17, 1986
- Category
- REIT
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FRESX Performance Chart
Fidelity Real Estate Investment Portfolio (FRESX) is up 11.4% since the beginning of the year. FRESX is currently trading at $42 per share. Investors who bought $1,000 worth of FRESX shares 5 years ago would now be looking at an investment worth $1,189.
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Returns By Period
Fidelity Real Estate Investment Portfolio (FRESX) has returned 11.41% so far this year and 11.31% over the past 12 months. Over the last ten years, FRESX has returned 5.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Real Estate Investment Portfolio
- 1D
- -0.07%
- 1M
- -0.99%
- YTD
- 11.41%
- 6M
- 11.89%
- 1Y
- 11.31%
- 3Y*
- 9.05%
- 5Y*
- 3.52%
- 10Y*
- 5.16%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FRESX Monthly Returns History
Based on dividend-adjusted daily data since Nov 14, 1986, FRESX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +32.6%, while the worst month was Oct 2008 at -30.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FRESX closed higher 51% of trading days. The best single day was Nov 24, 2008 with a return of +18.4%, while the worst single day was Dec 1, 2008 at -18.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.33% | 6.37% | -5.99% | 8.60% | -0.90% | 0.18% | 11.41% | ||||||
| 2025 | 1.58% | 4.62% | -2.73% | -1.58% | 0.76% | -0.04% | -0.41% | 2.30% | -0.94% | -0.70% | 1.85% | -1.97% | 2.54% |
| 2024 | -4.78% | 1.61% | 1.32% | -8.32% | 5.72% | 2.53% | 7.44% | 5.95% | 2.94% | -3.36% | 3.86% | -7.60% | 5.87% |
| 2023 | 10.80% | -5.49% | -1.53% | 0.39% | -4.06% | 4.72% | 1.19% | -3.09% | -6.99% | -2.62% | 11.88% | 7.24% | 10.82% |
| 2022 | -8.33% | -4.22% | 7.21% | -3.05% | -3.75% | -7.40% | 8.06% | -5.81% | -12.24% | 2.48% | 7.39% | -5.39% | -24.36% |
| 2021 | -0.71% | 3.04% | 5.28% | 8.83% | 0.89% | 2.94% | 5.10% | 2.50% | -6.35% | 6.52% | -1.26% | 10.19% | 42.34% |
Benchmark Metrics
Fidelity Real Estate Investment Portfolio has an annualized alpha of 2.76%, beta of 0.79, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since November 14, 1986.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.57%) than losses (73.98%) - typical of diversified or defensive assets.
- R2 of 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.76%
- Beta
- 0.79
- R²
- 0.41
- Upside Capture
- 75.57%
- Downside Capture
- 73.98%
Expense Ratio
FRESX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRESX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRESX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 4.15 | 12.44 | -8.29 |
Dividends
Dividend History
Fidelity Real Estate Investment Portfolio provided a 4.21% dividend yield over the last twelve months, with an annual payout of $1.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.77 | $1.75 | $2.15 | $2.67 | $3.79 | $2.00 | $1.88 | $3.11 | $1.62 | $1.67 | $2.04 | $2.47 |
Dividend yield | 4.21% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Real Estate Investment Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.13 | $0.00 | $0.00 | $0.45 | $1.75 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $1.36 | $2.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.88 | $0.00 | $0.00 | $0.68 | $2.67 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.00 | $0.00 | $0.00 | $1.79 | $3.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.00 | $0.00 | $1.04 | $2.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Real Estate Investment Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Real Estate Investment Portfolio was 76.34%, occurring on Mar 6, 2009. Recovery took 1005 trading sessions.
The current Fidelity Real Estate Investment Portfolio drawdown is 2.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -76.34%Mar 2009 | 2y 27d | 4y | 6y 27dFeb 2007 - Mar 2013 |
COVID crash2020 | -40.93%Mar 2020 | 28d | 1y 1mo | 1y 2moFeb 2020 - Apr 2021 |
2023 bear market2023 | -32.13%Oct 2023 | 1y 9mo | 2y 4mo | 4y 1moJan 2022 - Feb 2026 |
1999 bear market1999 | -28.16%Dec 1999 | 2y 2mo | 7mo 21d | 2y 9moOct 1997 - Aug 2000 |
1990 bear market1990 | -25.37%Oct 1990 | 3y 7mo | 5mo 16d | 4y 1moMar 1987 - Apr 1991 |
Drawdown Indicators
| FRESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -56.78% | -19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -9.10% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.44% | -18.90% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.13% | -25.43% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -40.93% | -33.92% | -7.01% |
Current DrawdownCurrent decline from peak | -2.89% | -1.80% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -10.71% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.03% | +0.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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