- Issuer
- Fidelity
- Inception Date
- Sep 4, 2024
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSRJX Performance Chart
Fidelity SAI Real Estate Fund (FSRJX) is up 11.5% since the beginning of the year. FSRJX is currently trading at $10 per share.
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Returns By Period
Fidelity SAI Real Estate Fund (FSRJX) has returned 11.45% so far this year and 11.35% over the past 12 months.
Fidelity SAI Real Estate Fund
- 1D
- -0.10%
- 1M
- -1.09%
- YTD
- 11.45%
- 6M
- 11.80%
- 1Y
- 11.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
FSRJX Monthly Returns History
Based on dividend-adjusted daily data since Sep 11, 2024, FSRJX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2026 with a return of +8.7%, while the worst month was Dec 2024 at -6.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FSRJX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +6.1%, while the worst single day was Apr 4, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.41% | 6.39% | -6.00% | 8.65% | -0.95% | 0.14% | 11.45% | ||||||
| 2025 | 1.60% | 4.61% | -2.70% | -1.65% | 0.73% | 0.04% | -0.42% | 2.31% | -1.02% | -0.63% | 1.89% | -2.04% | 2.52% |
| 2024 | -0.10% | -3.42% | 3.94% | -6.81% | -6.54% |
Benchmark Metrics
Fidelity SAI Real Estate Fund has an annualized alpha of -6.38%, beta of 0.55, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 11, 2024.
- This fund participated in 83.28% of S&P 500 Index downside but only 35.42% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 may look defensive, but with R2 of 0.28 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 0.28 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.
- Alpha
- -6.38%
- Beta
- 0.55
- R²
- 0.28
- Upside Capture
- 35.42%
- Downside Capture
- 83.28%
Expense Ratio
FSRJX has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSRJX 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 SAI Real Estate Fund (FSRJX) 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.
| FSRJX | 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 | 4.16 | 12.44 | -8.28 |
Dividends
Dividend History
Fidelity SAI Real Estate Fund provided a 2.18% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.23 | $0.24 | $0.20 |
Dividend yield | 2.18% | 2.52% | 2.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Real Estate Fund. 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 | $0.05 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.24 |
| 2024 | $0.20 | $0.20 |
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 SAI Real Estate 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 SAI Real Estate Fund was 15.66%, occurring on Apr 8, 2025. Recovery took 209 trading sessions.
The current Fidelity SAI Real Estate Fund drawdown is 2.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.66%Apr 2025 | 6mo 23d | 10mo 7d | 1y 4moSep 2024 - Feb 2026 |
2026 pullback2026 | -7.83%Mar 2026 | 24d | 20d | 1mo 14dMar 2026 - Apr 2026 |
2026 pullback2026 | -3.57%May 2026 | 24d | 25d | 1mo 19dApr 2026 - Jun 2026 |
2026 pullback2026 | -2.98%Jun 2026 | 3d | — | 8d 5hJun 2026 - now |
2026 pullback2026 | -1.55%Feb 2026 | 1d | 8d | 9dFeb 2026 - Feb 2026 |
Drawdown Indicators
| FSRJX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.66% | -56.78% | +41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -9.10% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.98% | -1.80% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -10.71% | +6.44% |
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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