CCRV vs. FSRNX

Last updated Jun 13, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and FSRNX (Fidelity Real Estate Index Fund) are both funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while FSRNX is a REIT fund tracking the MSCI US IMI Real Estate 25/25 Index. Both are passively managed. At a 0.09 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 0.07%/yr for FSRNX.

Performance

CCRV vs. FSRNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and Fidelity Real Estate Index Fund (FSRNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

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

FSRNX

• 1D: -0.06%
• 1M: 1.95%
• YTD: 11.22%
• 6M: 11.06%
• 1Y: 11.65%
• 3Y*: 9.93%
• 5Y*: 2.32%
• 10Y*: 4.32%

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

CCRV vs. FSRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%
FSRNX Fidelity Real Estate Index Fund	11.22%	3.03%	4.99%	11.93%	-26.14%	40.66%	7.32%

Correlation

The correlation between CCRV and FSRNX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.09

The correlation between CCRV and FSRNX shifts across timeframes, from -0.11 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. FSRNX — Risk / Return Rank

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

CCRV

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

FSRNX

FSRNX Risk / Return Rank: 20
FSRNX Sharpe Ratio Rank: 17
FSRNX Sortino Ratio Rank: 17
FSRNX Omega Ratio Rank: 17
FSRNX Calmar Ratio Rank: 25
FSRNX Martin Ratio Rank: 23

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.

CCRV vs. FSRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and Fidelity Real Estate Index Fund (FSRNX). 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.

	CCRV	FSRNX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.90	—
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	—	1.45	—
Martin ratio: Return relative to average drawdown	—	4.57	—

Drawdowns

Drawdown Indicators

	CCRV	FSRNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-44.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.26%	—
Current Drawdown Current decline from peak	—	-0.53%	—
Average Drawdown Average peak-to-trough decline	—	-9.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.68%	—

Volatility

Volatility by Period

	CCRV	FSRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.58%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.93%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.41%	—

CCRV vs. FSRNX - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is higher than FSRNX's 0.07% expense ratio.

Dividends

CCRV vs. FSRNX - Dividend Comparison

CCRV has not paid dividends to shareholders, while FSRNX's dividend yield for the trailing twelve months is around 2.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSRNX Fidelity Real Estate Index Fund	2.66%	2.77%	2.86%	2.84%	2.66%	1.25%	3.33%	4.52%	3.62%	2.27%	3.40%	2.57%

Frequently Asked Questions

Can I hold both CCRV and FSRNX in my portfolio?

CCRV and FSRNX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.