AAAAX vs. FSRRX
AAAAX (DWS RREEF Real Assets Fund - Class A) and FSRRX (Fidelity Strategic Real Return Fund) are both Diversified Portfolio funds. Over the past 10 years, AAAAX returned 6.83%/yr vs 5.50%/yr for FSRRX. Their correlation of 0.80 means they have usually moved in the same direction. AAAAX charges 1.22%/yr vs 0.70%/yr for FSRRX.
Performance
AAAAX vs. FSRRX - Performance Comparison
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Returns By Period
In the year-to-date period, AAAAX achieves a 10.46% return, which is significantly higher than FSRRX's 8.14% return. Over the past 10 years, AAAAX has outperformed FSRRX with an annualized return of 6.83%, while FSRRX has yielded a comparatively lower 5.50% annualized return.
AAAAX
- 1D
- -0.59%
- 1M
- 2.05%
- 6M
- 5.47%
- YTD
- 10.46%
- 1Y
- 17.17%
- 3Y*
- 10.09%
- 5Y*
- 5.00%
- 10Y*
- 6.83%
- ALL TIME*
- 4.51%
FSRRX
- 1D
- -0.21%
- 1M
- 1.83%
- 6M
- 5.41%
- YTD
- 8.14%
- 1Y
- 14.51%
- 3Y*
- 8.74%
- 5Y*
- 5.77%
- 10Y*
- 5.50%
- ALL TIME*
- 4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AAAAX vs. FSRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 10.46% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
FSRRX Fidelity Strategic Real Return Fund | 8.14% | 10.45% | 5.84% | 4.59% | -3.34% | 15.84% | 3.74% | 10.48% | -3.99% | 3.00% |
Correlation
The correlation between AAAAX and FSRRX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007 | 0.80 |
The correlation between AAAAX and FSRRX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
AAAAX vs. FSRRX — Risk / Return Rank
AAAAX
FSRRX
AAAAX vs. FSRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund - Class A (AAAAX) and Fidelity Strategic Real Return Fund (FSRRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAAAX | FSRRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.59 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 4.23 | -1.20 |
| Martin ratioReturn relative to average drawdown | 8.24 | 15.07 | -6.82 |
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Drawdowns
AAAAX vs. FSRRX - Drawdown Comparison
The maximum AAAAX drawdown since its inception was -40.47%, which is greater than FSRRX's maximum drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for AAAAX and FSRRX.
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Drawdown Indicators
| AAAAX | FSRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.47% | -33.42% | -7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -3.42% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -5.80% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -12.78% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -29.41% | -19.93% | -9.48% |
Current DrawdownCurrent decline from peak | -2.93% | -1.22% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -4.20% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.96% | +1.17% |
Volatility
AAAAX vs. FSRRX - Volatility Comparison
DWS RREEF Real Assets Fund - Class A (AAAAX) has a higher volatility of 2.25% compared to Fidelity Strategic Real Return Fund (FSRRX) at 1.25%. This indicates that AAAAX's price experiences larger fluctuations and is considered to be riskier than FSRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAAAX | FSRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.25% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 3.76% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 4.85% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 6.87% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 6.72% | +5.96% |
AAAAX vs. FSRRX - Expense Ratio Comparison
AAAAX has a 1.22% expense ratio, which is higher than FSRRX's 0.70% expense ratio.
Dividends
AAAAX vs. FSRRX - Dividend Comparison
AAAAX's dividend yield for the trailing twelve months is around 5.99%, more than FSRRX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 5.99% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
FSRRX Fidelity Strategic Real Return Fund | 4.59% | 4.68% | 4.82% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 9.39% | 1.57% | 2.34% | 1.75% |
Frequently Asked Questions
AAAAX and FSRRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAAX has higher volatility (2.25%) compared to FSRRX (1.25%). In terms of maximum drawdown, AAAAX dropped -40.47% vs FSRRX's -33.42%.
FSRRX currently has the higher Sharpe Ratio (2.99 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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