DOC vs. FREL
Compare and contrast key facts about Physicians Realty Trust (DOC) 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.
Performance
DOC vs. FREL - Performance Comparison
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DOC vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOC Physicians Realty Trust | 4.03% | -15.17% | 8.79% | -16.40% | -27.53% | 23.74% | -7.69% | 29.16% | 13.69% | -7.70% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Returns By Period
In the year-to-date period, DOC achieves a 4.03% return, which is significantly higher than FREL's 0.98% return. Over the past 10 years, DOC has underperformed FREL with an annualized return of -1.53%, while FREL has yielded a comparatively higher 5.16% annualized return.
DOC
- 1D
- -0.73%
- 1M
- -6.52%
- YTD
- 4.03%
- 6M
- -11.10%
- 1Y
- -12.89%
- 3Y*
- -3.25%
- 5Y*
- -8.02%
- 10Y*
- -1.53%
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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Return for Risk
DOC vs. FREL — Risk / Return Rank
DOC
FREL
DOC vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Physicians Realty Trust (DOC) 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.
| DOC | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.53 | 0.09 | -0.61 |
Sortino ratioReturn per unit of downside risk | -0.57 | 0.24 | -0.81 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.03 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.20 | -0.91 |
Martin ratioReturn relative to average drawdown | -1.22 | 0.77 | -1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOC | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 0.09 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.14 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.25 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.23 | +0.10 |
Correlation
The correlation between DOC and FREL is 0.79, 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.
Dividends
DOC vs. FREL - Dividend Comparison
DOC's dividend yield for the trailing twelve months is around 7.43%, more than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOC Physicians Realty Trust | 7.43% | 7.59% | 5.92% | 6.06% | 4.79% | 3.33% | 4.90% | 4.29% | 5.30% | 5.67% | 7.05% | 5.91% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
DOC vs. FREL - Drawdown Comparison
The maximum DOC drawdown since its inception was -61.03%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for DOC and FREL.
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Drawdown Indicators
| DOC | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -42.61% | -18.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.17% | -12.42% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -54.07% | -34.40% | -19.67% |
Max Drawdown (10Y)Largest decline over 10 years | -54.07% | -42.61% | -11.46% |
Current DrawdownCurrent decline from peak | -42.86% | -9.83% | -33.03% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -10.05% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.50% | 3.19% | +7.31% |
Volatility
DOC vs. FREL - Volatility Comparison
Physicians Realty Trust (DOC) has a higher volatility of 7.20% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.55%. This indicates that DOC'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.
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Volatility by Period
| DOC | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 4.55% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 9.29% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 16.41% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 18.85% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.09% | 20.67% | +8.42% |