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FIREX vs. FREL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FIREXFREL
YTD Return-5.08%9.87%
1Y Return7.05%30.98%
3Y Return (Ann)-11.35%-1.13%
5Y Return (Ann)-3.23%4.27%
Sharpe Ratio0.521.75
Sortino Ratio0.862.53
Omega Ratio1.101.32
Calmar Ratio0.170.97
Martin Ratio1.376.80
Ulcer Index4.72%4.39%
Daily Std Dev12.55%17.03%
Max Drawdown-74.26%-42.61%
Current Drawdown-33.28%-9.41%

Correlation

-0.50.00.51.00.5

The correlation between FIREX and FREL is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

FIREX vs. FREL - Performance Comparison

In the year-to-date period, FIREX achieves a -5.08% return, which is significantly lower than FREL's 9.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-1.34%
14.84%
FIREX
FREL

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FIREX vs. FREL - Expense Ratio Comparison

FIREX has a 0.95% expense ratio, which is higher than FREL's 0.08% expense ratio.


FIREX
Fidelity International Real Estate Fund
Expense ratio chart for FIREX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for FREL: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FIREX vs. FREL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Real Estate Fund (FIREX) 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.


FIREX
Sharpe ratio
The chart of Sharpe ratio for FIREX, currently valued at 0.52, compared to the broader market0.002.004.000.52
Sortino ratio
The chart of Sortino ratio for FIREX, currently valued at 0.86, compared to the broader market0.005.0010.000.86
Omega ratio
The chart of Omega ratio for FIREX, currently valued at 1.10, compared to the broader market1.002.003.004.001.10
Calmar ratio
The chart of Calmar ratio for FIREX, currently valued at 0.17, compared to the broader market0.005.0010.0015.0020.000.17
Martin ratio
The chart of Martin ratio for FIREX, currently valued at 1.37, compared to the broader market0.0020.0040.0060.0080.00100.001.37
FREL
Sharpe ratio
The chart of Sharpe ratio for FREL, currently valued at 1.75, compared to the broader market0.002.004.001.75
Sortino ratio
The chart of Sortino ratio for FREL, currently valued at 2.53, compared to the broader market0.005.0010.002.53
Omega ratio
The chart of Omega ratio for FREL, currently valued at 1.32, compared to the broader market1.002.003.004.001.32
Calmar ratio
The chart of Calmar ratio for FREL, currently valued at 0.97, compared to the broader market0.005.0010.0015.0020.000.97
Martin ratio
The chart of Martin ratio for FREL, currently valued at 6.80, compared to the broader market0.0020.0040.0060.0080.00100.006.80

FIREX vs. FREL - Sharpe Ratio Comparison

The current FIREX Sharpe Ratio is 0.52, which is lower than the FREL Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FIREX and FREL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
0.52
1.75
FIREX
FREL

Dividends

FIREX vs. FREL - Dividend Comparison

FIREX's dividend yield for the trailing twelve months is around 4.06%, more than FREL's 3.25% yield.


TTM20232022202120202019201820172016201520142013
FIREX
Fidelity International Real Estate Fund
4.06%1.86%0.44%3.76%1.77%2.18%1.72%2.09%1.55%4.16%6.23%3.71%
FREL
Fidelity MSCI Real Estate Index ETF
3.25%3.73%3.57%2.34%3.77%3.32%5.54%3.27%4.01%3.80%0.00%0.00%

Drawdowns

FIREX vs. FREL - Drawdown Comparison

The maximum FIREX drawdown since its inception was -74.26%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FIREX and FREL. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-33.28%
-9.41%
FIREX
FREL

Volatility

FIREX vs. FREL - Volatility Comparison

The current volatility for Fidelity International Real Estate Fund (FIREX) is 3.09%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 5.27%. This indicates that FIREX experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.09%
5.27%
FIREX
FREL