DFAR vs. FREL
Compare and contrast key facts about Dimensional US Real Estate ETF (DFAR) and Fidelity MSCI Real Estate Index ETF (FREL).
DFAR and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAR is an actively managed fund by Dimensional Fund Advisors. It was launched on Feb 23, 2022. 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: DFAR or FREL.
Key characteristics
| DFAR | FREL | |
|---|---|---|
| YTD Return | 14.43% | 13.80% |
| 1Y Return | 33.34% | 33.30% |
| Sharpe Ratio | 1.89 | 1.87 |
| Sortino Ratio | 2.72 | 2.70 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 1.03 | 0.97 |
| Martin Ratio | 7.70 | 7.46 |
| Ulcer Index | 4.32% | 4.46% |
| Daily Std Dev | 17.60% | 17.78% |
| Max Drawdown | -32.27% | -42.61% |
| Current Drawdown | -3.27% | -6.17% |
Correlation
The correlation between DFAR and FREL is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFAR vs. FREL - Performance Comparison
The year-to-date returns for both stocks are quite close, with DFAR having a 14.43% return and FREL slightly lower at 13.80%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFAR vs. FREL - Expense Ratio Comparison
DFAR has a 0.19% expense ratio, which is higher than FREL's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFAR vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) 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
DFAR vs. FREL - Dividend Comparison
DFAR's dividend yield for the trailing twelve months is around 2.33%, less than FREL's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 2.33% | 3.06% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.14% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.79% |
Drawdowns
DFAR vs. FREL - Drawdown Comparison
The maximum DFAR drawdown since its inception was -32.27%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for DFAR and FREL. For additional features, visit the drawdowns tool.
Volatility
DFAR vs. FREL - Volatility Comparison
Dimensional US Real Estate ETF (DFAR) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 3.30% and 3.19%, 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.