FRESX vs. CSRSX

Last updated Aug 4, 2026

FRESX (Fidelity Real Estate Investment Portfolio) and CSRSX (Cohen & Steers Realty Shares Fund) are both REIT funds. Over the past 10 years, FRESX returned 4.82%/yr vs 6.57%/yr for CSRSX. Their 0.97 correlation means they have historically moved very closely together. FRESX charges 0.64%/yr vs 0.88%/yr for CSRSX.

Performance

FRESX vs. CSRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Real Estate Investment Portfolio (FRESX) and Cohen & Steers Realty Shares Fund (CSRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRESX achieves a 15.64% return, which is significantly lower than CSRSX's 17.00% return. Over the past 10 years, FRESX has underperformed CSRSX with an annualized return of 4.82%, while CSRSX has yielded a comparatively higher 6.57% annualized return.

FRESX

• 1D: -0.68%
• 1M: 0.97%
• 6M: 13.13%
• YTD: 15.64%
• 1Y: 16.80%
• 3Y*: 9.78%
• 5Y*: 3.20%
• 10Y*: 4.82%
• ALL TIME*: 8.82%

CSRSX

• 1D: -0.71%
• 1M: 1.28%
• 6M: 16.06%
• YTD: 17.00%
• 1Y: 16.55%
• 3Y*: 10.26%
• 5Y*: 3.94%
• 10Y*: 6.57%
• ALL TIME*: 10.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSRSX Cohen & Steers Realty Shares Fund	$0.00	$0.00	$0.00
FRESX Fidelity Real Estate Investment Portfolio	$0.00	$0.00	$0.00

FRESX vs. CSRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRESX Fidelity Real Estate Investment Portfolio	15.64%	2.54%	5.87%	10.82%	-24.36%	42.34%	-7.93%	25.22%	-4.48%	4.28%
CSRSX Cohen & Steers Realty Shares Fund	17.00%	2.84%	6.35%	12.70%	-24.94%	42.25%	-2.87%	33.12%	-5.10%	7.09%

Correlation

The correlation between FRESX and CSRSX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 1, 1991	0.97

The correlation between FRESX and CSRSX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FRESX vs. CSRSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FRESX

FRESX Risk / Return Rank: 39
FRESX Sharpe Ratio Rank: 34
FRESX Sortino Ratio Rank: 34
FRESX Omega Ratio Rank: 32
FRESX Calmar Ratio Rank: 54
FRESX Martin Ratio Rank: 42

CSRSX

CSRSX Risk / Return Rank: 40
CSRSX Sharpe Ratio Rank: 34
CSRSX Sortino Ratio Rank: 33
CSRSX Omega Ratio Rank: 33
CSRSX Calmar Ratio Rank: 57
CSRSX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FRESX vs. CSRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Cohen & Steers Realty Shares Fund (CSRSX). 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.

	FRESX	CSRSX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.17	0.00
Sortino ratio: Return per unit of downside risk	1.71	1.66	+0.04
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	2.09	2.14	-0.05
Martin ratio: Return relative to average drawdown	6.45	6.69	-0.25

FRESX vs. CSRSX - Sharpe Ratio Comparison

The current FRESX Sharpe Ratio is 1.17, which is comparable to the CSRSX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FRESX and CSRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FRESX vs. CSRSX - Drawdown Comparison

The maximum FRESX drawdown since its inception was -76.34%, which is greater than CSRSX's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for FRESX and CSRSX.

Drawdown Indicators

	FRESX	CSRSX	Difference
Max Drawdown Largest peak-to-trough decline	-76.34%	-72.51%	-3.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-7.78%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-16.70%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-31.65%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.93%	-41.66%	+0.73%
Current Drawdown Current decline from peak	-1.91%	-2.22%	+0.31%
Average Drawdown Average peak-to-trough decline	-11.08%	-9.78%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.50%	+0.02%

Volatility

FRESX vs. CSRSX - Volatility Comparison

Fidelity Real Estate Investment Portfolio (FRESX) and Cohen & Steers Realty Shares Fund (CSRSX) have volatilities of 4.40% and 4.38%, 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.

Volatility by Period

	FRESX	CSRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.38%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	11.22%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	14.31%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	18.74%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	20.62%	0.00%

FRESX vs. CSRSX - Expense Ratio Comparison

FRESX has a 0.64% expense ratio, which is lower than CSRSX's 0.88% expense ratio.

Dividends

FRESX vs. CSRSX - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 4.05%, more than CSRSX's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSRSX Cohen & Steers Realty Shares Fund	2.56%	3.00%	2.60%	3.50%	7.52%	3.68%	4.73%	16.29%	5.36%	8.88%	13.49%	13.37%
FRESX Fidelity Real Estate Investment Portfolio	4.05%	4.64%	5.58%	6.95%	10.16%	3.70%	4.77%	6.91%	4.23%	4.00%	4.90%	6.09%

Frequently Asked Questions

Can I hold both FRESX and CSRSX in my portfolio?

With a correlation of 0.97, FRESX and CSRSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FRESX or CSRSX?

FRESX has higher volatility (4.40%) compared to CSRSX (4.38%). In terms of maximum drawdown, FRESX dropped -76.34% vs CSRSX's -72.51%.

Which has better risk-adjusted returns?

CSRSX currently has the higher Sharpe Ratio (1.17 vs 1.17), 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.