BREFX vs. FSREX
Compare and contrast key facts about Baron Real Estate Fund Retail Shares (BREFX) and Fidelity Series Real Estate Income Fund (FSREX).
BREFX is an actively managed fund by Baron Capital. It was launched on Dec 31, 2009. FSREX is managed by Fidelity. It was launched on Oct 20, 2011.
Performance
BREFX vs. FSREX - Performance Comparison
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BREFX vs. FSREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BREFX Baron Real Estate Fund Retail Shares | -7.87% | 4.91% | 12.19% | 24.70% | -28.62% | 24.09% | 43.92% | 44.27% | -22.23% | 31.06% |
FSREX Fidelity Series Real Estate Income Fund | -0.40% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
Returns By Period
In the year-to-date period, BREFX achieves a -7.87% return, which is significantly lower than FSREX's -0.40% return. Over the past 10 years, BREFX has outperformed FSREX with an annualized return of 10.01%, while FSREX has yielded a comparatively lower 5.43% annualized return.
BREFX
- 1D
- -0.22%
- 1M
- -9.59%
- YTD
- -7.87%
- 6M
- -9.16%
- 1Y
- 3.66%
- 3Y*
- 8.11%
- 5Y*
- 1.53%
- 10Y*
- 10.01%
FSREX
- 1D
- 0.30%
- 1M
- -1.67%
- YTD
- -0.40%
- 6M
- 0.75%
- 1Y
- 5.99%
- 3Y*
- 8.33%
- 5Y*
- 4.61%
- 10Y*
- 5.43%
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BREFX vs. FSREX - Expense Ratio Comparison
BREFX has a 1.31% expense ratio, which is higher than FSREX's 0.00% expense ratio.
Return for Risk
BREFX vs. FSREX — Risk / Return Rank
BREFX
FSREX
BREFX vs. FSREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund Retail Shares (BREFX) 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.
| BREFX | FSREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 1.96 | -1.74 |
Sortino ratioReturn per unit of downside risk | 0.45 | 2.70 | -2.25 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.41 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.14 | -1.94 |
Martin ratioReturn relative to average drawdown | 0.58 | 10.21 | -9.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BREFX | FSREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.96 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.97 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.69 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.94 | -0.34 |
Correlation
The correlation between BREFX and FSREX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BREFX vs. FSREX - Dividend Comparison
BREFX's dividend yield for the trailing twelve months is around 3.96%, less than FSREX's 5.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREFX Baron Real Estate Fund Retail Shares | 3.96% | 3.64% | 0.16% | 0.06% | 2.94% | 8.17% | 6.27% | 13.89% | 12.04% | 4.77% | 0.35% | 1.98% |
FSREX Fidelity Series Real Estate Income Fund | 5.69% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
Drawdowns
BREFX vs. FSREX - Drawdown Comparison
The maximum BREFX drawdown since its inception was -38.52%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for BREFX and FSREX.
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Drawdown Indicators
| BREFX | FSREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -32.02% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -2.90% | -9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -15.22% | -18.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | -32.02% | -6.50% |
Current DrawdownCurrent decline from peak | -12.60% | -1.76% | -10.84% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -2.57% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 0.61% | +3.77% |
Volatility
BREFX vs. FSREX - Volatility Comparison
Baron Real Estate Fund Retail Shares (BREFX) has a higher volatility of 5.36% compared to Fidelity Series Real Estate Income Fund (FSREX) at 1.06%. This indicates that BREFX'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
| BREFX | FSREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 1.06% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 1.67% | +9.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 3.02% | +16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 4.80% | +15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 7.89% | +13.25% |