DFITX vs. FSREX

Last updated Jun 4, 2026

DFITX (DFA International Real Estate Securities) and FSREX (Fidelity Series Real Estate Income Fund) are both REIT funds. Over the past 10 years, DFITX returned 1.69%/yr vs 5.36%/yr for FSREX. A 0.55 correlation means they provide meaningful diversification when combined. DFITX charges 0.27%/yr vs 0.00%/yr for FSREX.

Performance

DFITX vs. FSREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA International Real Estate Securities (DFITX) and Fidelity Series Real Estate Income Fund (FSREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFITX achieves a -1.32% return, which is significantly lower than FSREX's 1.59% return. Over the past 10 years, DFITX has underperformed FSREX with an annualized return of 1.69%, while FSREX has yielded a comparatively higher 5.36% annualized return.

DFITX

• 1D: -0.27%
• 1M: -1.06%
• YTD: -1.32%
• 6M: 0.20%
• 1Y: 6.32%
• 3Y*: 6.64%
• 5Y*: -0.80%
• 10Y*: 1.69%

FSREX

• 1D: 0.00%
• 1M: 0.49%
• YTD: 1.59%
• 6M: 1.96%
• 1Y: 7.68%
• 3Y*: 8.75%
• 5Y*: 4.24%
• 10Y*: 5.36%

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

DFITX vs. FSREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFITX DFA International Real Estate Securities	-1.32%	24.65%	-7.70%	5.96%	-21.73%	12.81%	-9.02%	23.61%	-6.93%	15.38%
FSREX Fidelity Series Real Estate Income Fund	1.59%	8.93%	9.87%	8.29%	-11.78%	15.78%	0.58%	16.02%	-0.73%	5.91%

Correlation

The correlation between DFITX and FSREX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 25, 2011	0.55

The correlation between DFITX and FSREX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

Return for Risk

DFITX vs. FSREX — Risk / Return Rank

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

DFITX

DFITX Risk / Return Rank: 6
DFITX Sharpe Ratio Rank: 6
DFITX Sortino Ratio Rank: 6
DFITX Omega Ratio Rank: 6
DFITX Calmar Ratio Rank: 5
DFITX Martin Ratio Rank: 6

FSREX

FSREX Risk / Return Rank: 89
FSREX Sharpe Ratio Rank: 93
FSREX Sortino Ratio Rank: 95
FSREX Omega Ratio Rank: 91
FSREX Calmar Ratio Rank: 82
FSREX Martin Ratio Rank: 86

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.

DFITX vs. FSREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA International Real Estate Securities (DFITX) 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.

	DFITX	FSREX	Difference
Sharpe ratio: Return per unit of total volatility	0.46	3.18	-2.72
Sortino ratio: Return per unit of downside risk	0.76	4.95	-4.19
Omega ratio: Gain probability vs. loss probability	1.09	1.66	-0.57
Calmar ratio: Return relative to maximum drawdown	0.45	3.80	-3.35
Martin ratio: Return relative to average drawdown	1.49	16.72	-15.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFITX vs. FSREX - Sharpe Ratio Comparison

The current DFITX Sharpe Ratio is 0.46, which is lower than the FSREX Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of DFITX and FSREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFITX	FSREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	3.18	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.89	-0.95
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.68	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.95	-0.85

Drawdowns

DFITX vs. FSREX - Drawdown Comparison

The maximum DFITX drawdown since its inception was -73.49%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for DFITX and FSREX.

Drawdown Indicators

	DFITX	FSREX	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-32.02%	-41.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-2.06%	-10.25%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-5.12%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-15.22%	-19.62%
Max Drawdown (10Y) Largest decline over 10 years	-45.26%	-32.02%	-13.24%
Current Drawdown Current decline from peak	-7.97%	0.00%	-7.97%
Average Drawdown Average peak-to-trough decline	-18.10%	-2.55%	-15.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	0.47%	+3.23%

Volatility

DFITX vs. FSREX - Volatility Comparison

DFA International Real Estate Securities (DFITX) has a higher volatility of 3.41% compared to Fidelity Series Real Estate Income Fund (FSREX) at 0.86%. This indicates that DFITX'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.

Volatility by Period

	DFITX	FSREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	0.86%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	1.85%	+7.82%
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	2.47%	+9.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.05%	4.77%	+10.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	7.89%	+8.58%

DFITX vs. FSREX - Expense Ratio Comparison

DFITX has a 0.27% expense ratio, which is higher than FSREX's 0.00% 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%.

Dividends

DFITX vs. FSREX - Dividend Comparison

DFITX's dividend yield for the trailing twelve months is around 6.76%, more than FSREX's 5.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFITX DFA International Real Estate Securities	6.76%	6.67%	6.24%	5.05%	0.00%	7.86%	0.00%	12.86%	5.99%	4.21%	8.62%	1.79%
FSREX Fidelity Series Real Estate Income Fund	5.58%	5.64%	6.05%	7.43%	9.99%	3.58%	6.24%	6.62%	5.87%	5.49%	5.22%	4.33%

Frequently Asked Questions

Can I hold both DFITX and FSREX in my portfolio?

DFITX and FSREX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFITX or FSREX?

DFITX has higher volatility (3.41%) compared to FSREX (0.86%). In terms of maximum drawdown, DFITX dropped -73.49% vs FSREX's -32.02%.

Which has better risk-adjusted returns?

FSREX currently has the higher Sharpe Ratio (3.18 vs 0.46), 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.