Fidelity Series Real Estate Income Fund (FSREX)

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Fidelity Series Real Estate Income Fund (FSREX) is up 1.6% since the beginning of the year. FSREX is currently trading at $10 per share. Investors who bought $1,000 worth of FSREX shares 5 years ago would now be looking at an investment worth $1,230.

Fidelity Series Real Estate Income Fund (FSREX) has returned 1.59% so far this year and 7.79% over the past 12 months. Over the last ten years, FSREX has returned 5.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 24, 2011, FSREX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.

Historically, 72% of months were positive and 28% were negative. The best month was Apr 2020 with a return of +8.2%, while the worst month was Mar 2020 at -23.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FSREX closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +7.6%, while the worst single day was Mar 18, 2020 at -10.1%.

Fidelity Series Real Estate Income Fund has an annualized alpha of 3.74%, beta of 0.21, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since October 25, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.18%) than losses (35.18%) - typical of diversified or defensive assets.
• Beta of 0.21 may look defensive, but with R2 of 0.27 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FSREX has an expense ratio of 0.00%, meaning no management fees are charged.

FSREX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and compare them to S&P 500 Index.

Fidelity Series Real Estate Income Fund provided a 5.58% dividend yield over the last twelve months, with an annual payout of $0.57 per share.

The table displays the monthly dividend distributions for Fidelity Series Real Estate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Series Real Estate Income Fund. 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 Series Real Estate Income Fund was 32.02%, occurring on Mar 24, 2020. Recovery took 220 trading sessions.

The chart below shows the rolling one-month volatility.