FRESX vs. FFRHX
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Floating Rate High Income Fund (FFRHX).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRESX or FFRHX.
Performance
FRESX vs. FFRHX - Performance Comparison
Returns By Period
In the year-to-date period, FRESX achieves a 12.49% return, which is significantly higher than FFRHX's 8.20% return. Over the past 10 years, FRESX has outperformed FFRHX with an annualized return of 6.20%, while FFRHX has yielded a comparatively lower 4.62% annualized return.
FRESX
12.49%
-0.54%
20.91%
24.34%
4.49%
6.20%
FFRHX
8.20%
1.00%
4.46%
10.10%
5.71%
4.62%
Key characteristics
| FRESX | FFRHX | |
|---|---|---|
| Sharpe Ratio | 1.55 | 3.88 |
| Sortino Ratio | 2.15 | 12.49 |
| Omega Ratio | 1.27 | 4.16 |
| Calmar Ratio | 0.97 | 11.54 |
| Martin Ratio | 5.22 | 61.50 |
| Ulcer Index | 4.67% | 0.16% |
| Daily Std Dev | 15.76% | 2.55% |
| Max Drawdown | -75.98% | -22.19% |
| Current Drawdown | -5.72% | 0.00% |
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FRESX vs. FFRHX - Expense Ratio Comparison
FRESX has a 0.71% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Correlation
The correlation between FRESX and FFRHX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FRESX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Floating Rate High Income Fund (FFRHX). 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
FRESX vs. FFRHX - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 1.99%, less than FFRHX's 8.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 1.99% | 2.31% | 1.71% | 0.78% | 2.93% | 2.36% | 2.57% | 1.80% | 1.73% | 5.54% | 1.66% | 3.08% |
FFRHX Fidelity Floating Rate High Income Fund | 8.36% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FRESX vs. FFRHX - Drawdown Comparison
The maximum FRESX drawdown since its inception was -75.98%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FRESX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FRESX vs. FFRHX - Volatility Comparison
Fidelity Real Estate Investment Portfolio (FRESX) has a higher volatility of 4.57% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that FRESX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.