FREL vs. FSRNX
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Index Fund (FSRNX).
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. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011. Both FREL and FSRNX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FREL or FSRNX.
Performance
FREL vs. FSRNX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FREL having a 9.60% return and FSRNX slightly lower at 9.34%.
FREL
9.60%
-3.69%
12.99%
23.74%
3.96%
N/A
FSRNX
9.34%
-3.79%
12.77%
23.55%
2.22%
4.92%
Key characteristics
| FREL | FSRNX | |
|---|---|---|
| Sharpe Ratio | 1.47 | 1.43 |
| Sortino Ratio | 2.07 | 2.03 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 0.88 | 0.86 |
| Martin Ratio | 5.36 | 5.22 |
| Ulcer Index | 4.42% | 4.45% |
| Daily Std Dev | 16.16% | 16.18% |
| Max Drawdown | -42.61% | -44.26% |
| Current Drawdown | -9.63% | -9.61% |
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FREL vs. FSRNX - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is higher than FSRNX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FREL and FSRNX is 0.98, 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.
Risk-Adjusted Performance
FREL vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Index Fund (FSRNX). 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
FREL vs. FSRNX - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.26%, more than FSRNX's 2.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 3.26% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% | 0.00% |
FSRNX Fidelity Real Estate Index Fund | 2.68% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
Drawdowns
FREL vs. FSRNX - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, roughly equal to the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FREL and FSRNX. For additional features, visit the drawdowns tool.
Volatility
FREL vs. FSRNX - Volatility Comparison
Fidelity MSCI Real Estate Index ETF (FREL) and Fidelity Real Estate Index Fund (FSRNX) have volatilities of 4.98% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.