FREL vs. FIS
FREL (Fidelity MSCI Real Estate Index ETF) is REIT fund tracking the MSCI USA IMI Real Estate Index, while FIS (Fidelity National Information Services, Inc.) is a stock. Over the past 10 years, FREL returned 5.45%/yr vs -4.09%/yr for FIS. At a 0.47 correlation, their price movements are largely independent.
Performance
FREL vs. FIS - Performance Comparison
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Returns By Period
In the year-to-date period, FREL achieves a 12.55% return, which is significantly higher than FIS's -35.64% return. Over the past 10 years, FREL has outperformed FIS with an annualized return of 5.45%, while FIS has yielded a comparatively lower -4.09% annualized return.
FREL
- 1D
- 0.54%
- 1M
- 0.14%
- 6M
- 11.10%
- YTD
- 12.55%
- 1Y
- 12.83%
- 3Y*
- 8.49%
- 5Y*
- 2.39%
- 10Y*
- 5.45%
FIS
- 1D
- -0.12%
- 1M
- 6.96%
- 6M
- -35.43%
- YTD
- -35.64%
- 1Y
- -44.96%
- 3Y*
- -8.46%
- 5Y*
- -20.32%
- 10Y*
- -4.09%
FREL vs. FIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 12.55% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
FIS Fidelity National Information Services, Inc. | -35.64% | -15.85% | 36.96% | -8.21% | -36.46% | -21.90% | 2.71% | 37.19% | 10.32% | 26.04% |
Correlation
The correlation between FREL and FIS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.47 |
The correlation between FREL and FIS shifts across timeframes, from 0.28 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FREL vs. FIS — Risk / Return Rank
FREL
FIS
FREL vs. FIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity National Information Services, Inc. (FIS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FREL | FIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.73 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.86 | +2.38 |
| Martin ratioReturn relative to average drawdown | 4.77 | -1.41 | +6.18 |
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Drawdowns
FREL vs. FIS - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, smaller than the maximum FIS drawdown of -72.46%. Use the drawdown chart below to compare losses from any high point for FREL and FIS.
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Drawdown Indicators
| FREL | FIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -72.46% | +29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -52.48% | +44.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -56.55% | +39.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.40% | -71.65% | +37.25% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -72.46% | +29.85% |
Current DrawdownCurrent decline from peak | -0.87% | -69.38% | +68.51% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -19.88% | +10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 31.91% | -29.22% |
Volatility
FREL vs. FIS - Volatility Comparison
The current volatility for Fidelity MSCI Real Estate Index ETF (FREL) is 4.90%, while Fidelity National Information Services, Inc. (FIS) has a volatility of 9.52%. This indicates that FREL experiences smaller price fluctuations and is considered to be less risky than FIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FREL | FIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 9.52% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 26.12% | -15.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 31.41% | -17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 33.69% | -14.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 29.99% | -9.27% |
Dividends
FREL vs. FIS - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.25%, less than FIS's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIS Fidelity National Information Services, Inc. | 4.01% | 2.41% | 1.78% | 3.46% | 2.77% | 1.43% | 0.99% | 1.01% | 1.25% | 1.23% | 1.37% | 1.72% |
FREL Fidelity MSCI Real Estate Index ETF | 3.25% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Frequently Asked Questions
FREL and FIS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIS has higher volatility (9.52%) compared to FREL (4.90%). In terms of maximum drawdown, FREL dropped -42.61% vs FIS's -72.46%.
FREL currently has the higher Sharpe Ratio (0.92 vs -1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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