FIREX vs. VNQI
Compare and contrast key facts about Fidelity International Real Estate Fund (FIREX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI).
FIREX is managed by Fidelity. It was launched on Sep 8, 2004. VNQI is a passively managed fund by Vanguard that tracks the performance of the S&P Global ex-U.S. Property Index. It was launched on Nov 1, 2010.
Performance
FIREX vs. VNQI - Performance Comparison
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FIREX vs. VNQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIREX Fidelity International Real Estate Fund | -1.98% | 22.85% | -9.46% | 4.01% | -26.61% | 11.85% | 5.71% | 27.96% | -6.15% | 24.61% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | -2.23% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
Returns By Period
In the year-to-date period, FIREX achieves a -1.98% return, which is significantly higher than VNQI's -2.23% return. Over the past 10 years, FIREX has outperformed VNQI with an annualized return of 3.74%, while VNQI has yielded a comparatively lower 2.56% annualized return.
FIREX
- 1D
- 1.37%
- 1M
- -6.74%
- YTD
- -1.98%
- 6M
- 0.50%
- 1Y
- 16.10%
- 3Y*
- 4.31%
- 5Y*
- -1.76%
- 10Y*
- 3.74%
VNQI
- 1D
- -0.29%
- 1M
- -7.28%
- YTD
- -2.23%
- 6M
- -1.45%
- 1Y
- 15.05%
- 3Y*
- 7.76%
- 5Y*
- -0.35%
- 10Y*
- 2.56%
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FIREX vs. VNQI - Expense Ratio Comparison
FIREX has a 0.95% expense ratio, which is higher than VNQI's 0.12% expense ratio.
Return for Risk
FIREX vs. VNQI — Risk / Return Rank
FIREX
VNQI
FIREX vs. VNQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Real Estate Fund (FIREX) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). 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 | VNQI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.05 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.50 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.05 | +0.16 |
Martin ratioReturn relative to average drawdown | 5.00 | 4.47 | +0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIREX | VNQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.05 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.02 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.16 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.20 | +0.05 |
Correlation
The correlation between FIREX and VNQI is 0.86, 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.
Dividends
FIREX vs. VNQI - Dividend Comparison
FIREX's dividend yield for the trailing twelve months is around 3.03%, less than VNQI's 4.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIREX Fidelity International Real Estate Fund | 3.03% | 2.97% | 5.27% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 1.46% | 4.14% | 2.87% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.81% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
Drawdowns
FIREX vs. VNQI - Drawdown Comparison
The maximum FIREX drawdown since its inception was -71.40%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for FIREX and VNQI.
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Drawdown Indicators
| FIREX | VNQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.40% | -38.35% | -33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -14.78% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -37.14% | -35.75% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.14% | -38.35% | +1.21% |
Current DrawdownCurrent decline from peak | -19.09% | -11.70% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -10.92% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.48% | -0.16% |
Volatility
FIREX vs. VNQI - Volatility Comparison
The current volatility for Fidelity International Real Estate Fund (FIREX) is 5.53%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 6.27%. This indicates that FIREX experiences smaller price fluctuations and is considered to be less risky than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIREX | VNQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 6.27% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 9.56% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 14.37% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 15.28% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 15.96% | -2.27% |