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

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%25.00%JuneJulyAugustSeptemberOctoberNovember
20.08%
19.22%
FRESX
FREL

Returns By Period

The year-to-date returns for both stocks are quite close, with FRESX having a 11.72% return and FREL slightly lower at 11.45%.


FRESX

YTD

11.72%

1M

-0.09%

6M

20.01%

1Y

23.49%

5Y (annualized)

4.35%

10Y (annualized)

6.15%

FREL

YTD

11.45%

1M

-0.21%

6M

19.18%

1Y

25.30%

5Y (annualized)

4.69%

10Y (annualized)

N/A

Key characteristics


FRESXFREL
Sharpe Ratio1.521.60
Sortino Ratio2.122.23
Omega Ratio1.271.28
Calmar Ratio0.960.97
Martin Ratio5.145.83
Ulcer Index4.66%4.43%
Daily Std Dev15.75%16.14%
Max Drawdown-75.98%-42.61%
Current Drawdown-6.36%-8.11%

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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%

Correlation

-0.50.00.51.01.0

The correlation between FRESX and FREL is 0.98, 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

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 1.52, compared to the broader market-1.000.001.002.003.004.005.001.521.60
The chart of Sortino ratio for FRESX, currently valued at 2.12, compared to the broader market0.005.0010.002.122.23
The chart of Omega ratio for FRESX, currently valued at 1.27, compared to the broader market1.002.003.004.001.271.28
The chart of Calmar ratio for FRESX, currently valued at 0.96, compared to the broader market0.005.0010.0015.0020.000.960.97
The chart of Martin ratio for FRESX, currently valued at 5.14, compared to the broader market0.0020.0040.0060.0080.00100.005.145.83
FRESX
FREL

The current FRESX Sharpe Ratio is 1.52, which is comparable to the FREL Sharpe Ratio of 1.60. 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 Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.52
1.60
FRESX
FREL

Dividends

FRESX vs. FREL - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 2.00%, less than FREL's 3.20% yield.


TTM20232022202120202019201820172016201520142013
FRESX
Fidelity Real Estate Investment Portfolio
2.00%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
3.20%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.


-25.00%-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-6.36%
-8.11%
FRESX
FREL

Volatility

FRESX vs. FREL - Volatility Comparison

Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 4.51% and 4.69%, 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.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%JuneJulyAugustSeptemberOctoberNovember
4.51%
4.69%
FRESX
FREL