FDLSX vs. FRESX
FDLSX (Fidelity Select Leisure Portfolio) and FRESX (Fidelity Real Estate Investment Portfolio) are both mutual funds - FDLSX is a Consumer Discretionary Equities fund managed by Fidelity, while FRESX is a REIT fund managed by Fidelity. Over the past 10 years, FDLSX returned 11.38%/yr vs 5.33%/yr for FRESX. A 0.53 correlation means they provide meaningful diversification when combined. FDLSX charges 0.74%/yr vs 0.71%/yr for FRESX.
Performance
FDLSX vs. FRESX - Performance Comparison
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Returns By Period
In the year-to-date period, FDLSX achieves a -3.81% return, which is significantly lower than FRESX's 12.74% return. Over the past 10 years, FDLSX has outperformed FRESX with an annualized return of 11.38%, while FRESX has yielded a comparatively lower 5.33% annualized return.
FDLSX
- 1D
- -1.46%
- 1M
- 6.37%
- YTD
- -3.81%
- 6M
- -15.18%
- 1Y
- -15.60%
- 3Y*
- 7.13%
- 5Y*
- 5.69%
- 10Y*
- 11.38%
FRESX
- 1D
- 1.19%
- 1M
- 0.19%
- YTD
- 12.74%
- 6M
- 13.25%
- 1Y
- 11.00%
- 3Y*
- 11.14%
- 5Y*
- 3.52%
- 10Y*
- 5.33%
FDLSX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLSX Fidelity Select Leisure Portfolio | -3.81% | -5.30% | 20.17% | 30.14% | -15.27% | 21.66% | 18.59% | 28.78% | -7.65% | 29.09% |
FRESX Fidelity Real Estate Investment Portfolio | 12.74% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Correlation
The correlation between FDLSX and FRESX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 1986 | 0.53 |
The correlation between FDLSX and FRESX shifts across timeframes, from 0.41 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDLSX vs. FRESX — Risk / Return Rank
FDLSX
FRESX
FDLSX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Leisure Portfolio (FDLSX) 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.
| FDLSX | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.16 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.63 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.90 | 4.67 | -5.57 |
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Drawdowns
FDLSX vs. FRESX - Drawdown Comparison
The maximum FDLSX drawdown since its inception was -51.58%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for FDLSX and FRESX.
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Drawdown Indicators
| FDLSX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -76.34% | +24.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -7.78% | -20.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -16.44% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -32.13% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -48.44% | -40.93% | -7.51% |
Current DrawdownCurrent decline from peak | -21.17% | -1.74% | -19.43% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -11.11% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.50% | 2.71% | +13.79% |
Volatility
FDLSX vs. FRESX - Volatility Comparison
Fidelity Select Leisure Portfolio (FDLSX) has a higher volatility of 5.83% compared to Fidelity Real Estate Investment Portfolio (FRESX) at 5.07%. This indicates that FDLSX's price experiences larger fluctuations and is considered to be riskier than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDLSX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.07% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.78% | 10.09% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 13.94% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 18.77% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.39% | 20.61% | +1.78% |
FDLSX vs. FRESX - Expense Ratio Comparison
FDLSX has a 0.74% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Dividends
FDLSX vs. FRESX - Dividend Comparison
FDLSX's dividend yield for the trailing twelve months is around 5.37%, more than FRESX's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLSX Fidelity Select Leisure Portfolio | 5.37% | 9.12% | 7.41% | 1.64% | 3.32% | 22.77% | 2.36% | 6.43% | 19.76% | 6.33% | 1.01% | 5.42% |
FRESX Fidelity Real Estate Investment Portfolio | 4.16% | 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
FDLSX and FRESX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDLSX has higher volatility (5.83%) compared to FRESX (5.07%). In terms of maximum drawdown, FDLSX dropped -51.58% vs FRESX's -76.34%.
FRESX currently has the higher Sharpe Ratio (0.91 vs -0.69), 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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