FREL vs. O
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and Realty Income Corporation (O).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FREL or O.
Correlation
The correlation between FREL and O is 0.78, 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
FREL vs. O - Performance Comparison
Key characteristics
FREL:
0.27
O:
0.58
FREL:
0.46
O:
0.89
FREL:
1.06
O:
1.11
FREL:
0.17
O:
0.41
FREL:
0.92
O:
1.21
FREL:
4.90%
O:
8.72%
FREL:
16.79%
O:
18.10%
FREL:
-42.61%
O:
-48.45%
FREL:
-17.33%
O:
-14.88%
Returns By Period
In the year-to-date period, FREL achieves a -4.56% return, which is significantly lower than O's 5.25% return. Over the past 10 years, FREL has underperformed O with an annualized return of 4.51%, while O has yielded a comparatively higher 6.30% annualized return.
FREL
-4.56%
-9.64%
-9.63%
5.13%
9.56%
4.51%
O
5.25%
-4.65%
-8.52%
10.83%
11.54%
6.30%
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Risk-Adjusted Performance
FREL vs. O — Risk-Adjusted Performance Rank
FREL
O
FREL vs. O - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Realty Income Corporation (O). 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. O - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.71%, less than O's 5.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 3.71% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% |
O Realty Income Corporation | 5.74% | 5.37% | 5.33% | 4.68% | 6.95% | 4.65% | 3.69% | 4.19% | 4.45% | 4.19% | 4.42% | 4.59% |
Drawdowns
FREL vs. O - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for FREL and O. For additional features, visit the drawdowns tool.
Volatility
FREL vs. O - Volatility Comparison
Fidelity MSCI Real Estate Index ETF (FREL) has a higher volatility of 7.07% compared to Realty Income Corporation (O) at 6.73%. This indicates that FREL's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.