FIKJX vs. FSRNX
Compare and contrast key facts about Fidelity Advisor Real Estate Fund Class Z (FIKJX) and Fidelity Real Estate Index Fund (FSRNX).
FIKJX is managed by Fidelity. It was launched on Oct 2, 2018. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKJX or FSRNX.
Key characteristics
| FIKJX | FSRNX | |
|---|---|---|
| YTD Return | -5.41% | -5.00% |
| 1Y Return | 2.83% | 5.75% |
| 3Y Return (Ann) | -2.58% | -1.46% |
| 5Y Return (Ann) | 0.78% | 0.65% |
| Sharpe Ratio | 0.15 | 0.30 |
| Daily Std Dev | 18.56% | 19.31% |
| Max Drawdown | -41.59% | -44.26% |
| Current Drawdown | -23.96% | -21.46% |
Correlation
The correlation between FIKJX and FSRNX is 0.98, 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
FIKJX vs. FSRNX - Performance Comparison
In the year-to-date period, FIKJX achieves a -5.41% return, which is significantly lower than FSRNX's -5.00% return. 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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FIKJX vs. FSRNX - Expense Ratio Comparison
FIKJX has a 0.64% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Risk-Adjusted Performance
FIKJX vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class Z (FIKJX) and Fidelity Real Estate Index Fund (FSRNX). 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
FIKJX vs. FSRNX - Dividend Comparison
FIKJX's dividend yield for the trailing twelve months is around 2.68%, less than FSRNX's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKJX Fidelity Advisor Real Estate Fund Class Z | 2.68% | 2.54% | 18.78% | 6.01% | 4.17% | 8.74% | 5.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSRNX Fidelity Real Estate Index Fund | 2.99% | 2.84% | 2.66% | 1.25% | 3.33% | 3.93% | 4.43% | 2.86% | 3.95% | 2.57% | 4.18% | 3.54% |
Drawdowns
FIKJX vs. FSRNX - Drawdown Comparison
The maximum FIKJX drawdown since its inception was -41.59%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FIKJX and FSRNX. For additional features, visit the drawdowns tool.
Volatility
FIKJX vs. FSRNX - Volatility Comparison
Fidelity Advisor Real Estate Fund Class Z (FIKJX) and Fidelity Real Estate Index Fund (FSRNX) have volatilities of 4.70% and 4.55%, 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.