- ISIN
- US3161462326
- CUSIP
- 316146232
- Issuer
- Fidelity
- Inception Date
- Aug 9, 2011
- Region
- North America (U.S.)
- Category
- REIT
- Min. Investment
- $0
- Index Tracked
- MSCI US IMI Real Estate 25/25 Index
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSRNX Performance Chart
Fidelity Real Estate Index Fund (FSRNX) is up 8.9% since the beginning of the year. FSRNX is currently trading at $17 per share. Investors who bought $1,000 worth of FSRNX shares 5 years ago would now be looking at an investment worth $1,134.
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Returns By Period
Fidelity Real Estate Index Fund (FSRNX) has returned 8.92% so far this year and 10.34% over the past 12 months. Over the last ten years, FSRNX has returned 3.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.
Fidelity Real Estate Index Fund
- 1D
- 0.00%
- 1M
- -1.01%
- YTD
- 8.92%
- 6M
- 9.80%
- 1Y
- 10.34%
- 3Y*
- 8.60%
- 5Y*
- 2.55%
- 10Y*
- 3.96%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FSRNX Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2011, FSRNX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Oct 2011 with a return of +14.6%, while the worst month was Mar 2020 at -22.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSRNX closed higher 52% of trading days. The best single day was Apr 6, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -18.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.60% | 5.19% | -6.48% | 8.53% | -0.57% | 0.00% | 8.92% | ||||||
| 2025 | 1.61% | 3.48% | -2.54% | -2.36% | 1.05% | 0.77% | 0.12% | 3.49% | 0.13% | -2.74% | 2.45% | -2.18% | 3.03% |
| 2024 | -4.94% | 2.00% | 1.96% | -8.01% | 4.53% | 1.99% | 7.75% | 5.24% | 3.30% | -3.45% | 4.27% | -8.18% | 4.99% |
| 2023 | 10.46% | -5.86% | -2.05% | 0.34% | -3.97% | 5.55% | 2.07% | -3.27% | -7.31% | -3.61% | 12.00% | 9.37% | 11.93% |
| 2022 | -8.13% | -3.73% | 6.34% | -4.11% | -4.62% | -7.52% | 8.73% | -6.02% | -12.89% | 3.54% | 6.16% | -5.10% | -26.14% |
| 2021 | 0.07% | 3.72% | 5.05% | 7.96% | 0.82% | 2.50% | 4.42% | 2.06% | -5.54% | 6.99% | -2.16% | 9.74% | 40.66% |
Benchmark Metrics
Fidelity Real Estate Index Fund has an annualized alpha of -2.90%, beta of 0.84, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since September 09, 2011.
- This fund participated in 97.78% of S&P 500 Index downside but only 73.23% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.90% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.90%
- Beta
- 0.84
- R²
- 0.51
- Upside Capture
- 73.23%
- Downside Capture
- 97.78%
Expense Ratio
FSRNX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
FSRNX ranks 11 for risk / return — in the bottom 11% 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 Index Fund (FSRNX) 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.
| FSRNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.66 | -1.43 |
| Martin ratioReturn relative to average drawdown | 3.86 | 11.86 | -8.01 |
Dividends
Dividend History
Fidelity Real Estate Index Fund provided a 2.72% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.45 | $0.46 | $0.45 | $0.39 | $0.25 | $0.48 | $0.77 | $0.52 | $0.35 | $0.52 | $0.39 |
Dividend yield | 2.72% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Real Estate Index 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 | $0.11 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.23 | $0.45 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.24 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.23 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.22 | $0.25 |
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 Index 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 Real Estate Index Fund was 44.26%, occurring on Mar 23, 2020. Recovery took 300 trading sessions.
The current Fidelity Real Estate Index Fund drawdown is 3.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.26%Mar 2020 | 28d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 |
2023 bear market2023 | -34.27%Oct 2023 | 1y 9mo | 2y 7mo | 4y 5moJan 2022 - Jun 2026 |
2013 correction2013 | -17.81%Aug 2013 | 2mo 29d | 9mo 14d | 1y 8dMay 2013 - May 2014 |
2018 correction2018 | -17.40%Feb 2018 | 1y 6mo | 12mo 1d | 2y 6moAug 2016 - Feb 2019 |
2015 correction2015 | -16.54%Sep 2015 | 7mo 10d | 6mo 29d | 1y 2moJan 2015 - Mar 2016 |
Drawdown Indicators
| FSRNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -56.78% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -9.10% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -18.90% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -25.43% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -33.92% | -10.34% |
Current DrawdownCurrent decline from peak | -3.05% | -2.49% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -10.72% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.03% | +0.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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