FRESX vs. FRIFX
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Real Estate Income Fund (FRIFX).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRESX or FRIFX.
Key characteristics
| FRESX | FRIFX | |
|---|---|---|
| YTD Return | 11.72% | 9.69% |
| 1Y Return | 30.88% | 19.28% |
| 3Y Return (Ann) | 0.25% | 1.30% |
| 5Y Return (Ann) | 4.47% | 4.16% |
| 10Y Return (Ann) | 6.16% | 5.67% |
| Sharpe Ratio | 1.75 | 3.21 |
| Sortino Ratio | 2.50 | 4.87 |
| Omega Ratio | 1.31 | 1.68 |
| Calmar Ratio | 1.02 | 1.30 |
| Martin Ratio | 6.30 | 20.68 |
| Ulcer Index | 4.59% | 0.88% |
| Daily Std Dev | 16.53% | 5.69% |
| Max Drawdown | -75.98% | -39.77% |
| Current Drawdown | -6.36% | -0.90% |
Correlation
The correlation between FRESX and FRIFX is 0.86, 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.
Performance
FRESX vs. FRIFX - Performance Comparison
In the year-to-date period, FRESX achieves a 11.72% return, which is significantly higher than FRIFX's 9.69% return. Over the past 10 years, FRESX has outperformed FRIFX with an annualized return of 6.16%, while FRIFX has yielded a comparatively lower 5.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FRESX vs. FRIFX - Expense Ratio Comparison
Both FRESX and FRIFX have an expense ratio of 0.71%.
Risk-Adjusted Performance
FRESX vs. FRIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Real Estate Income Fund (FRIFX). 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. FRIFX - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 2.00%, less than FRIFX's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRIFX Fidelity Real Estate Income Fund | 4.53% | 4.99% | 4.10% | 1.33% | 4.77% | 4.38% | 4.47% | 4.37% | 4.30% | 6.32% | 7.55% | 10.31% |
Drawdowns
FRESX vs. FRIFX - Drawdown Comparison
The maximum FRESX drawdown since its inception was -75.98%, which is greater than FRIFX's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for FRESX and FRIFX. For additional features, visit the drawdowns tool.
Volatility
FRESX vs. FRIFX - Volatility Comparison
Fidelity Real Estate Investment Portfolio (FRESX) has a higher volatility of 5.17% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.60%. This indicates that FRESX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.