BXMT vs. FREL
Compare and contrast key facts about Blackstone Mortgage Trust, Inc. (BXMT) and Fidelity MSCI Real Estate Index ETF (FREL).
FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXMT or FREL.
Performance
BXMT vs. FREL - Performance Comparison
Returns By Period
In the year-to-date period, BXMT achieves a -3.28% return, which is significantly lower than FREL's 11.45% return.
BXMT
-3.28%
0.91%
16.78%
-4.70%
-2.78%
5.01%
FREL
11.45%
-0.21%
19.18%
25.30%
4.69%
N/A
Key characteristics
| BXMT | FREL | |
|---|---|---|
| Sharpe Ratio | -0.12 | 1.60 |
| Sortino Ratio | 0.04 | 2.23 |
| Omega Ratio | 1.01 | 1.28 |
| Calmar Ratio | -0.05 | 0.97 |
| Martin Ratio | -0.29 | 5.83 |
| Ulcer Index | 12.98% | 4.43% |
| Daily Std Dev | 30.75% | 16.14% |
| Max Drawdown | -97.98% | -42.61% |
| Current Drawdown | -74.69% | -8.11% |
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Correlation
The correlation between BXMT and FREL is 0.58, 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.
Risk-Adjusted Performance
BXMT vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
Dividends
BXMT vs. FREL - Dividend Comparison
BXMT's dividend yield for the trailing twelve months is around 12.41%, more than FREL's 3.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 12.41% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% | 6.79% | 2.65% |
FREL Fidelity MSCI Real Estate Index ETF | 3.20% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% | 0.00% |
Drawdowns
BXMT vs. FREL - Drawdown Comparison
The maximum BXMT drawdown since its inception was -97.98%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for BXMT and FREL. For additional features, visit the drawdowns tool.
Volatility
BXMT vs. FREL - Volatility Comparison
Blackstone Mortgage Trust, Inc. (BXMT) has a higher volatility of 7.15% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.69%. This indicates that BXMT's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.