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Schwab Fundamental Global Real Estate Index Fund (SFREX) Sharpe Ratio: 0.98

Mutual Fund · Currency in USD · Last updated Aug 5, 2026

The fund primarily invests in stocks that are included in the Russell RAFI Global Select Real Estate Index (the index). The index measures the performance of real estate companies, including real estate investment trusts (REITs), in U.S. and non-U.S. markets, including developed and emerging markets. It may concentrate its investments in an industry or group of industries to the extent that the index the fund is designed to track is also so concentrated.

SFREX's Sharpe Ratio of 0.98 indicates that for each unit of volatility, it generates 0.98 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SFREX Sharpe Ratio Rank

SFREX Sharpe Ratio Rank: 25.626
Below Average

SFREX ranks above 25.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SFREX Sharpe Ratio Market Positioning

The chart shows SFREX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.04 or lower
  • Yellow zone (middle 50%): 1.04 to 1.93
  • Green zone (top 25%): 1.93 or higher
  • Top 1%: 3.77+
  • Median: 1.61 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Schwab Fundamental Global Real Estate Index Fund's Sharpe Ratio with other mutual funds in the REIT category across multiple time periods, showing how SFREX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CREMXRedwood Real Estate Income Fund16.63
QREARXTIAA Real Estate Account4.44
FSREXFidelity Series Real Estate Income Fund2.11
AIGYXabrdn Realty Income & Growth Fund1.99
IRSAXDelaware Ivy Securian Real Estate Securities Fund1.99
MXREXGreat-West Real Estate Index Fund1.90
FRIFXFidelity Real Estate Income Fund1.84
PJEZXPGIM US Real Estate Fund1.83
IVRSXVY CBRE Real Estate Portfolio1.82
CREEXColumbia Real Estate Equity Fund1.79
SFREXSchwab Fundamental Global Real Estate Index Fund0.98
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Historical Sharpe Ratio

The chart shows SFREX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SFREX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does SFREX fit in your portfolio?

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