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FRESX vs. FREL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FRESX and FREL is 0.97, 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.


-0.50.00.51.01.0

Performance

FRESX vs. FREL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity MSCI Real Estate Index ETF (FREL). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
4.77%
8.36%
FRESX
FREL

Key characteristics

Sharpe Ratio

FRESX:

0.18

FREL:

0.37

Sortino Ratio

FRESX:

0.35

FREL:

0.60

Omega Ratio

FRESX:

1.04

FREL:

1.08

Calmar Ratio

FRESX:

0.11

FREL:

0.23

Martin Ratio

FRESX:

0.57

FREL:

1.27

Ulcer Index

FRESX:

4.95%

FREL:

4.67%

Daily Std Dev

FRESX:

15.78%

FREL:

16.04%

Max Drawdown

FRESX:

-75.98%

FREL:

-42.61%

Current Drawdown

FRESX:

-14.68%

FREL:

-13.58%

Returns By Period

In the year-to-date period, FRESX achieves a 1.79% return, which is significantly lower than FREL's 4.81% return.


FRESX

YTD

1.79%

1M

-9.51%

6M

4.77%

1Y

2.43%

5Y*

2.61%

10Y*

4.76%

FREL

YTD

4.81%

1M

-6.66%

6M

8.36%

1Y

5.65%

5Y*

3.25%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FRESX vs. FREL - Expense Ratio Comparison

FRESX has a 0.71% expense ratio, which is higher than FREL's 0.08% expense ratio.


FRESX
Fidelity Real Estate Investment Portfolio
Expense ratio chart for FRESX: current value at 0.71% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.71%
Expense ratio chart for FREL: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FRESX vs. FREL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity MSCI Real Estate Index ETF (FREL). 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.


Sharpe ratio
The chart of Sharpe ratio for FRESX, currently valued at 0.18, compared to the broader market-1.000.001.002.003.004.000.180.37
The chart of Sortino ratio for FRESX, currently valued at 0.35, compared to the broader market-2.000.002.004.006.008.0010.000.350.60
The chart of Omega ratio for FRESX, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.003.501.041.08
The chart of Calmar ratio for FRESX, currently valued at 0.11, compared to the broader market0.002.004.006.008.0010.0012.0014.000.110.23
The chart of Martin ratio for FRESX, currently valued at 0.57, compared to the broader market0.0020.0040.0060.000.571.27
FRESX
FREL

The current FRESX Sharpe Ratio is 0.18, which is lower than the FREL Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of FRESX and FREL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.18
0.37
FRESX
FREL

Dividends

FRESX vs. FREL - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 1.02%, less than FREL's 3.49% yield.


TTM20232022202120202019201820172016201520142013
FRESX
Fidelity Real Estate Investment Portfolio
1.02%2.31%1.71%0.78%2.93%2.36%2.57%1.80%1.73%5.54%1.66%3.08%
FREL
Fidelity MSCI Real Estate Index ETF
3.49%3.73%3.57%2.34%3.77%3.32%5.54%3.27%4.01%3.80%0.00%0.00%

Drawdowns

FRESX vs. FREL - Drawdown Comparison

The maximum FRESX drawdown since its inception was -75.98%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FRESX and FREL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-14.68%
-13.58%
FRESX
FREL

Volatility

FRESX vs. FREL - Volatility Comparison

The current volatility for Fidelity Real Estate Investment Portfolio (FRESX) is 5.04%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 5.54%. This indicates that FRESX experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.04%
5.54%
FRESX
FREL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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