CSRSX vs. FRESX
CSRSX (Cohen & Steers Realty Shares Fund) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 10 years, CSRSX returned 6.95%/yr vs 5.16%/yr for FRESX. With a 0.97 correlation, they move nearly in lockstep. CSRSX charges 0.88%/yr vs 0.71%/yr for FRESX.
Performance
CSRSX vs. FRESX - Performance Comparison
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Returns By Period
In the year-to-date period, CSRSX achieves a 12.73% return, which is significantly higher than FRESX's 11.41% return. Over the past 10 years, CSRSX has outperformed FRESX with an annualized return of 6.95%, while FRESX has yielded a comparatively lower 5.16% annualized return.
CSRSX
- 1D
- -0.19%
- 1M
- -1.36%
- YTD
- 12.73%
- 6M
- 13.40%
- 1Y
- 11.16%
- 3Y*
- 9.80%
- 5Y*
- 4.26%
- 10Y*
- 6.95%
FRESX
- 1D
- -0.07%
- 1M
- -0.99%
- YTD
- 11.41%
- 6M
- 11.89%
- 1Y
- 11.31%
- 3Y*
- 9.05%
- 5Y*
- 3.52%
- 10Y*
- 5.16%
CSRSX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSRSX Cohen & Steers Realty Shares Fund | 12.73% | 2.84% | 6.35% | 12.70% | -24.94% | 42.25% | -2.87% | 33.12% | -5.10% | 7.09% |
FRESX Fidelity Real Estate Investment Portfolio | 11.41% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Correlation
The correlation between CSRSX and FRESX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1991 | 0.97 |
The correlation between CSRSX and FRESX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
CSRSX vs. FRESX — Risk / Return Rank
CSRSX
FRESX
CSRSX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Realty Shares Fund (CSRSX) and Fidelity Real Estate Investment Portfolio (FRESX). 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.
| CSRSX | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.45 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.69 | 4.15 | -0.46 |
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Drawdowns
CSRSX vs. FRESX - Drawdown Comparison
The maximum CSRSX drawdown since its inception was -72.51%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for CSRSX and FRESX.
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Drawdown Indicators
| CSRSX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.51% | -76.34% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -7.78% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | -16.44% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -31.65% | -32.13% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -41.66% | -40.93% | -0.73% |
Current DrawdownCurrent decline from peak | -3.08% | -2.89% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -11.11% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.71% | +0.30% |
Volatility
CSRSX vs. FRESX - Volatility Comparison
Cohen & Steers Realty Shares Fund (CSRSX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 5.08% and 5.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSRSX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.12% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 10.03% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 13.87% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 18.78% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 20.59% | +0.01% |
CSRSX vs. FRESX - Expense Ratio Comparison
CSRSX has a 0.88% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Dividends
CSRSX vs. FRESX - Dividend Comparison
CSRSX's dividend yield for the trailing twelve months is around 2.72%, less than FRESX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSRSX Cohen & Steers Realty Shares Fund | 2.72% | 3.00% | 2.60% | 3.50% | 7.52% | 3.68% | 4.73% | 16.29% | 5.36% | 8.88% | 13.49% | 13.37% |
FRESX Fidelity Real Estate Investment Portfolio | 4.21% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
Frequently Asked Questions
With a correlation of 0.97, CSRSX and FRESX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FRESX has higher volatility (5.12%) compared to CSRSX (5.08%). In terms of maximum drawdown, CSRSX dropped -72.51% vs FRESX's -76.34%.
FRESX currently has the higher Sharpe Ratio (0.81 vs 0.79), 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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