FRESX vs. FSRNX
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Real Estate Index Fund (FSRNX).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRESX or FSRNX.
Performance
FRESX vs. FSRNX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FRESX having a 11.72% return and FSRNX slightly lower at 11.33%. Over the past 10 years, FRESX has outperformed FSRNX with an annualized return of 6.15%, while FSRNX has yielded a comparatively lower 5.01% annualized return.
FRESX
11.72%
-0.09%
20.01%
23.49%
4.35%
6.15%
FSRNX
11.33%
-0.17%
19.18%
25.18%
2.98%
5.01%
Key characteristics
| FRESX | FSRNX | |
|---|---|---|
| Sharpe Ratio | 1.52 | 1.59 |
| Sortino Ratio | 2.12 | 2.22 |
| Omega Ratio | 1.27 | 1.28 |
| Calmar Ratio | 0.96 | 0.97 |
| Martin Ratio | 5.14 | 5.76 |
| Ulcer Index | 4.66% | 4.47% |
| Daily Std Dev | 15.75% | 16.17% |
| Max Drawdown | -75.98% | -44.26% |
| Current Drawdown | -6.36% | -7.96% |
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FRESX vs. FSRNX - Expense Ratio Comparison
FRESX has a 0.71% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Correlation
The correlation between FRESX and FSRNX is 0.99, 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. FSRNX - 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 Index Fund (FSRNX). 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. FSRNX - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 2.00%, less than FSRNX's 2.63% 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% |
FSRNX Fidelity Real Estate Index Fund | 2.63% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
Drawdowns
FRESX vs. FSRNX - Drawdown Comparison
The maximum FRESX drawdown since its inception was -75.98%, which is greater than FSRNX's maximum drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FRESX and FSRNX. For additional features, visit the drawdowns tool.
Volatility
FRESX vs. FSRNX - Volatility Comparison
Fidelity Real Estate Investment Portfolio (FRESX) and Fidelity Real Estate Index Fund (FSRNX) 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.