FIREX vs. REET
Compare and contrast key facts about Fidelity International Real Estate Fund (FIREX) and iShares Global REIT ETF (REET).
FIREX is managed by Fidelity. It was launched on Sep 8, 2004. REET is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Global REIT Index. It was launched on Jul 8, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIREX or REET.
Key characteristics
| FIREX | REET | |
|---|---|---|
| YTD Return | -5.08% | 7.19% |
| 1Y Return | 7.05% | 25.91% |
| 3Y Return (Ann) | -11.35% | -2.02% |
| 5Y Return (Ann) | -3.23% | 1.49% |
| 10Y Return (Ann) | 1.52% | 3.92% |
| Sharpe Ratio | 0.52 | 1.61 |
| Sortino Ratio | 0.86 | 2.37 |
| Omega Ratio | 1.10 | 1.29 |
| Calmar Ratio | 0.17 | 0.87 |
| Martin Ratio | 1.37 | 6.08 |
| Ulcer Index | 4.72% | 4.11% |
| Daily Std Dev | 12.55% | 15.51% |
| Max Drawdown | -74.26% | -44.59% |
| Current Drawdown | -33.28% | -10.28% |
Correlation
The correlation between FIREX and REET is 0.63, 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. REET - Performance Comparison
In the year-to-date period, FIREX achieves a -5.08% return, which is significantly lower than REET's 7.19% return. Over the past 10 years, FIREX has underperformed REET with an annualized return of 1.52%, while REET has yielded a comparatively higher 3.92% annualized 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. REET - Expense Ratio Comparison
FIREX has a 0.95% expense ratio, which is higher than REET's 0.14% expense ratio.
Risk-Adjusted Performance
FIREX vs. REET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Real Estate Fund (FIREX) and iShares Global REIT ETF (REET). 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. REET - Dividend Comparison
FIREX's dividend yield for the trailing twelve months is around 4.06%, more than REET's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
REET iShares Global REIT ETF | 2.74% | 3.27% | 2.42% | 3.18% | 2.64% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% | 2.12% | 0.00% |
Drawdowns
FIREX vs. REET - Drawdown Comparison
The maximum FIREX drawdown since its inception was -74.26%, which is greater than REET's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for FIREX and REET. For additional features, visit the drawdowns tool.
Volatility
FIREX vs. REET - Volatility Comparison
The current volatility for Fidelity International Real Estate Fund (FIREX) is 3.09%, while iShares Global REIT ETF (REET) has a volatility of 4.64%. This indicates that FIREX experiences smaller price fluctuations and is considered to be less risky than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.