FREL vs. ICF
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and iShares Cohen & Steers REIT ETF (ICF).
FREL and ICF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ICF is a passively managed fund by iShares that tracks the performance of the Cohen & Steers Realty Majors Index. It was launched on Jan 29, 2001. Both FREL and ICF 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 ICF.
Performance
FREL vs. ICF - Performance Comparison
Returns By Period
In the year-to-date period, FREL achieves a 9.60% return, which is significantly lower than ICF's 10.19% return.
FREL
9.60%
-3.69%
12.99%
23.74%
3.96%
N/A
ICF
10.19%
-3.62%
12.89%
23.46%
4.08%
6.20%
Key characteristics
| FREL | ICF | |
|---|---|---|
| Sharpe Ratio | 1.47 | 1.44 |
| Sortino Ratio | 2.07 | 2.04 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.88 | 0.85 |
| Martin Ratio | 5.36 | 5.54 |
| Ulcer Index | 4.42% | 4.19% |
| Daily Std Dev | 16.16% | 16.10% |
| Max Drawdown | -42.61% | -76.74% |
| Current Drawdown | -9.63% | -10.16% |
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FREL vs. ICF - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is lower than ICF's 0.34% expense ratio.
Correlation
The correlation between FREL and ICF 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. ICF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and iShares Cohen & Steers REIT ETF (ICF). 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. ICF - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.26%, more than ICF's 2.59% 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% |
ICF iShares Cohen & Steers REIT ETF | 2.59% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.32% | 3.30% | 3.00% | 3.41% |
Drawdowns
FREL vs. ICF - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for FREL and ICF. For additional features, visit the drawdowns tool.
Volatility
FREL vs. ICF - Volatility Comparison
The current volatility for Fidelity MSCI Real Estate Index ETF (FREL) is 4.98%, while iShares Cohen & Steers REIT ETF (ICF) has a volatility of 5.34%. This indicates that FREL experiences smaller price fluctuations and is considered to be less risky than ICF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.