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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIREX or VNQI.
Key characteristics
| FIREX | VNQI | |
|---|---|---|
| YTD Return | -5.08% | 0.09% |
| 1Y Return | 7.05% | 13.84% |
| 3Y Return (Ann) | -11.35% | -6.67% |
| 5Y Return (Ann) | -3.23% | -3.09% |
| 10Y Return (Ann) | 1.52% | 1.00% |
| Sharpe Ratio | 0.52 | 0.91 |
| Sortino Ratio | 0.86 | 1.40 |
| Omega Ratio | 1.10 | 1.17 |
| Calmar Ratio | 0.17 | 0.44 |
| Martin Ratio | 1.37 | 3.58 |
| Ulcer Index | 4.72% | 3.83% |
| Daily Std Dev | 12.55% | 15.03% |
| Max Drawdown | -74.26% | -38.35% |
| Current Drawdown | -33.28% | -21.97% |
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.
Performance
FIREX vs. VNQI - Performance Comparison
In the year-to-date period, FIREX achieves a -5.08% return, which is significantly lower than VNQI's 0.09% return. Over the past 10 years, FIREX has outperformed VNQI with an annualized return of 1.52%, while VNQI has yielded a comparatively lower 1.00% 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. VNQI - Expense Ratio Comparison
FIREX has a 0.95% expense ratio, which is higher than VNQI's 0.12% expense ratio.
Risk-Adjusted Performance
FIREX vs. VNQI - Risk-Adjusted Performance 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.
Dividends
FIREX vs. VNQI - Dividend Comparison
FIREX's dividend yield for the trailing twelve months is around 4.06%, more than VNQI's 3.73% 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% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 3.73% | 3.74% | 0.57% | 6.48% | 0.93% | 7.57% | 4.62% | 3.86% | 5.18% | 2.86% | 4.11% | 3.27% |
Drawdowns
FIREX vs. VNQI - Drawdown Comparison
The maximum FIREX drawdown since its inception was -74.26%, 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. For additional features, visit the drawdowns tool.
Volatility
FIREX vs. VNQI - Volatility Comparison
The current volatility for Fidelity International Real Estate Fund (FIREX) is 3.09%, while Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a volatility of 4.35%. 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.