FREL vs. VNQ
Compare and contrast key facts about Fidelity MSCI Real Estate Index ETF (FREL) and Vanguard Real Estate ETF (VNQ).
FREL and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both FREL and VNQ 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 VNQ.
Performance
FREL vs. VNQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FREL having a 9.60% return and VNQ slightly lower at 9.31%.
FREL
9.60%
-3.69%
12.99%
23.74%
3.96%
N/A
VNQ
9.31%
-3.85%
12.81%
23.49%
4.13%
5.90%
Key characteristics
| FREL | VNQ | |
|---|---|---|
| Sharpe Ratio | 1.47 | 1.43 |
| Sortino Ratio | 2.07 | 2.03 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.88 | 0.86 |
| Martin Ratio | 5.36 | 5.17 |
| Ulcer Index | 4.42% | 4.49% |
| Daily Std Dev | 16.16% | 16.22% |
| Max Drawdown | -42.61% | -73.07% |
| Current Drawdown | -9.63% | -9.83% |
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FREL vs. VNQ - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is lower than VNQ's 0.12% expense ratio. Despite the difference, 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 VNQ is 0.99, 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. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) and Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.26%, less than VNQ's 3.89% 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% |
VNQ Vanguard Real Estate ETF | 3.89% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
FREL vs. VNQ - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FREL and VNQ. For additional features, visit the drawdowns tool.
Volatility
FREL vs. VNQ - Volatility Comparison
Fidelity MSCI Real Estate Index ETF (FREL) and Vanguard Real Estate ETF (VNQ) have volatilities of 4.98% and 5.03%, 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.