AGREX vs. FSREX
AGREX (Invesco Global Real Estate Fund) and FSREX (Fidelity Series Real Estate Income Fund) are both REIT funds. Over the past 10 years, AGREX returned 2.17%/yr vs 5.36%/yr for FSREX. A 0.72 correlation means they provide meaningful diversification when combined. AGREX charges 1.38%/yr vs 0.00%/yr for FSREX.
Performance
AGREX vs. FSREX - Performance Comparison
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Returns By Period
In the year-to-date period, AGREX achieves a 6.91% return, which is significantly higher than FSREX's 1.91% return. Over the past 10 years, AGREX has underperformed FSREX with an annualized return of 2.17%, while FSREX has yielded a comparatively higher 5.36% annualized return.
AGREX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- 6.91%
- 6M
- 6.56%
- 1Y
- 9.89%
- 3Y*
- 6.45%
- 5Y*
- -0.55%
- 10Y*
- 2.17%
FSREX
- 1D
- 0.20%
- 1M
- 0.61%
- YTD
- 1.91%
- 6M
- 2.01%
- 1Y
- 6.65%
- 3Y*
- 8.86%
- 5Y*
- 4.06%
- 10Y*
- 5.36%
AGREX vs. FSREX - 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% |
FSREX Fidelity Series Real Estate Income Fund | 1.91% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
Correlation
The correlation between AGREX and FSREX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011 | 0.72 |
Over the past year, the correlation between AGREX and FSREX has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
AGREX vs. FSREX — Risk / Return Rank
AGREX
FSREX
AGREX vs. FSREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Real Estate Fund (AGREX) and Fidelity Series Real Estate Income Fund (FSREX). 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 | FSREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.55 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.24 | -2.35 |
| Martin ratioReturn relative to average drawdown | 3.24 | 14.24 | -11.00 |
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Drawdowns
AGREX vs. FSREX - Drawdown Comparison
The maximum AGREX drawdown since its inception was -69.30%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for AGREX and FSREX.
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Drawdown Indicators
| AGREX | FSREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.30% | -32.02% | -37.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -2.06% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.43% | -5.12% | -13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -33.48% | -15.22% | -18.26% |
Max Drawdown (10Y)Largest decline over 10 years | -43.39% | -32.02% | -11.37% |
Current DrawdownCurrent decline from peak | -8.39% | 0.00% | -8.39% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -2.53% | -13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.47% | +2.37% |
Volatility
AGREX vs. FSREX - Volatility Comparison
Invesco Global Real Estate Fund (AGREX) has a higher volatility of 3.44% compared to Fidelity Series Real Estate Income Fund (FSREX) at 0.69%. This indicates that AGREX's price experiences larger fluctuations and is considered to be riskier than FSREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGREX | FSREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 0.69% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 1.90% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 2.45% | +9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 4.77% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 7.89% | +9.82% |
AGREX vs. FSREX - Expense Ratio Comparison
AGREX has a 1.38% expense ratio, which is higher than FSREX's 0.00% expense ratio.
Dividends
AGREX vs. FSREX - Dividend Comparison
AGREX's dividend yield for the trailing twelve months is around 3.85%, less than FSREX's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGREX Invesco Global Real Estate Fund | 3.85% | 2.33% | 1.87% | 1.81% | 13.06% | 2.39% | 4.68% | 8.59% | 11.43% | 2.67% | 3.84% | 1.81% |
FSREX Fidelity Series Real Estate Income Fund | 5.06% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
Frequently Asked Questions
AGREX and FSREX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGREX has higher volatility (3.44%) compared to FSREX (0.69%). In terms of maximum drawdown, AGREX dropped -69.30% vs FSREX's -32.02%.
FSREX currently has the higher Sharpe Ratio (2.74 vs 0.76), 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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