AGREX vs. FESIX

Last updated Jul 11, 2026

AGREX (Invesco Global Real Estate Fund) and FESIX (Fidelity SAI Real Estate Index Fund) are both REIT funds. Their correlation of 0.90 suggests significant overlap in exposure. AGREX charges 1.38%/yr vs 0.07%/yr for FESIX.

Performance

AGREX vs. FESIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Real Estate Fund (AGREX) and Fidelity SAI Real Estate Index Fund (FESIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AGREX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FESIX

• 1D: 0.18%
• 1M: -0.71%
• 6M: 10.42%
• YTD: 11.52%
• 1Y: 11.90%
• 3Y*: 8.91%
• 5Y*: 2.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGREX vs. FESIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGREX Invesco Global Real Estate Fund	6.91%	7.44%	-1.78%	8.61%	-25.24%	25.26%	-12.46%	19.31%	-6.19%	12.67%
FESIX Fidelity SAI Real Estate Index Fund	11.52%	3.09%	4.80%	11.83%	-26.47%	40.61%	-11.10%	23.06%	-4.95%	2.81%

Correlation

The correlation between AGREX and FESIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.90

The correlation between AGREX and FESIX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

AGREX vs. FESIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGREX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FESIX

FESIX Risk / Return Rank: 22
FESIX Sharpe Ratio Rank: 19
FESIX Sortino Ratio Rank: 18
FESIX Omega Ratio Rank: 18
FESIX Calmar Ratio Rank: 27
FESIX Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGREX vs. FESIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Real Estate Fund (AGREX) and Fidelity SAI Real Estate Index Fund (FESIX). 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.

	AGREX	FESIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.91	—
Sortino ratio: Return per unit of downside risk	—	1.32	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	4.65	—

Drawdowns

Drawdown Indicators

	AGREX	FESIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-44.22%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.51%	—
Current Drawdown Current decline from peak	—	-1.58%	—
Average Drawdown Average peak-to-trough decline	—	-11.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	AGREX	FESIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.90%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.70%	—

AGREX vs. FESIX - Expense Ratio Comparison

AGREX has a 1.38% expense ratio, which is higher than FESIX's 0.07% expense ratio.

Dividends

AGREX vs. FESIX - Dividend Comparison

AGREX's dividend yield for the trailing twelve months is around 3.30%, more than FESIX's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGREX Invesco Global Real Estate Fund	3.30%	2.33%	1.87%	1.81%	13.06%	2.39%	4.68%	8.59%	11.43%	2.67%	3.84%	1.81%
FESIX Fidelity SAI Real Estate Index Fund	2.84%	3.09%	52.40%	3.87%	55.39%	5.01%	2.71%	3.78%	3.15%	2.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGREX and FESIX in my portfolio?

AGREX and FESIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.