FIREX vs. FREL
Compare and contrast key facts about Fidelity International Real Estate Fund (FIREX) and Fidelity MSCI Real Estate Index ETF (FREL).
FIREX is managed by Fidelity. It was launched on Sep 8, 2004. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIREX or FREL.
Key characteristics
| FIREX | FREL | |
|---|---|---|
| YTD Return | -2.14% | -2.89% |
| 1Y Return | -0.20% | 11.02% |
| 3Y Return (Ann) | -7.38% | -0.83% |
| 5Y Return (Ann) | 0.08% | 3.03% |
| Sharpe Ratio | -0.04 | 0.44 |
| Daily Std Dev | 12.96% | 18.78% |
| Max Drawdown | -71.45% | -42.61% |
| Current Drawdown | -27.38% | -19.93% |
Correlation
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 -2.14% return, which is significantly higher than FREL's -2.89% 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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FIREX vs. FREL - Expense Ratio Comparison
FIREX has a 0.95% expense ratio, which is higher than FREL's 0.08% expense ratio.
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.
Dividends
FIREX vs. FREL - Dividend Comparison
FIREX's dividend yield for the trailing twelve months is around 1.90%, less than FREL's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIREX Fidelity International Real Estate Fund | 1.90% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 3.06% | 4.14% | 4.16% | 6.23% | 5.88% |
FREL Fidelity MSCI Real Estate Index ETF | 3.57% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.79% | 0.00% | 0.00% |
Drawdowns
FIREX vs. FREL - Drawdown Comparison
The maximum FIREX drawdown since its inception was -71.45%, 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.
Volatility
FIREX vs. FREL - Volatility Comparison
The current volatility for Fidelity International Real Estate Fund (FIREX) is 3.58%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 4.02%. 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.