FRESX vs. REX

Last updated Jun 4, 2026

FRESX (Fidelity Real Estate Investment Portfolio) is REIT fund managed by Fidelity, while REX (REX American Resources Corporation) is a stock. Over the past 10 years, FRESX returned 5.19%/yr vs 16.74%/yr for REX. At a 0.24 correlation, their price movements are largely independent.

Performance

FRESX vs. REX - Performance Comparison

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

Returns By Period

In the year-to-date period, FRESX achieves a 9.92% return, which is significantly lower than REX's 43.19% return. Over the past 10 years, FRESX has underperformed REX with an annualized return of 5.19%, while REX has yielded a comparatively higher 16.74% annualized return.

FRESX

• 1D: 0.48%
• 1M: -1.17%
• YTD: 9.92%
• 6M: 8.98%
• 1Y: 10.25%
• 3Y*: 9.16%
• 5Y*: 3.21%
• 10Y*: 5.19%

REX

• 1D: -4.24%
• 1M: -9.54%
• YTD: 43.19%
• 6M: 38.15%
• 1Y: 114.26%
• 3Y*: 39.18%
• 5Y*: 24.57%
• 10Y*: 16.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRESX vs. REX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRESX Fidelity Real Estate Investment Portfolio	9.92%	2.54%	5.87%	10.82%	-24.36%	42.34%	-7.93%	25.22%	-4.48%	4.28%
REX REX American Resources Corporation	43.19%	55.05%	-11.86%	48.46%	-0.44%	30.67%	-10.36%	20.33%	-17.73%	-16.16%

Correlation

The correlation between FRESX and REX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 6, 1987	0.24

Over the past year, the correlation between FRESX and REX has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Return for Risk

FRESX vs. REX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRESX

FRESX Risk / Return Rank: 10
FRESX Sharpe Ratio Rank: 9
FRESX Sortino Ratio Rank: 9
FRESX Omega Ratio Rank: 9
FRESX Calmar Ratio Rank: 13
FRESX Martin Ratio Rank: 12

REX

REX Risk / Return Rank: 96
REX Sharpe Ratio Rank: 96
REX Sortino Ratio Rank: 95
REX Omega Ratio Rank: 94
REX Calmar Ratio Rank: 98
REX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRESX vs. REX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and REX American Resources Corporation (REX). 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.

	FRESX	REX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	3.63	-2.89
Sortino ratio: Return per unit of downside risk	1.10	4.10	-3.00
Omega ratio: Gain probability vs. loss probability	1.13	1.55	-0.42
Calmar ratio: Return relative to maximum drawdown	1.27	11.69	-10.43
Martin ratio: Return relative to average drawdown	3.66	28.38	-24.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRESX vs. REX - Sharpe Ratio Comparison

The current FRESX Sharpe Ratio is 0.74, which is lower than the REX Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of FRESX and REX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRESX	REX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	3.63	-2.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.56	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.36	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.28	+0.11

Drawdowns

FRESX vs. REX - Drawdown Comparison

The maximum FRESX drawdown since its inception was -76.34%, roughly equal to the maximum REX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for FRESX and REX.

Drawdown Indicators

	FRESX	REX	Difference
Max Drawdown Largest peak-to-trough decline	-76.34%	-74.42%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-9.83%	+2.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-41.59%	+25.15%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-41.59%	+9.46%
Max Drawdown (10Y) Largest decline over 10 years	-40.93%	-65.51%	+24.58%
Current Drawdown Current decline from peak	-2.87%	-9.54%	+6.67%
Average Drawdown Average peak-to-trough decline	-11.12%	-30.37%	+19.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.04%	-1.35%

Volatility

FRESX vs. REX - Volatility Comparison

The current volatility for Fidelity Real Estate Investment Portfolio (FRESX) is 3.78%, while REX American Resources Corporation (REX) has a volatility of 11.36%. This indicates that FRESX experiences smaller price fluctuations and is considered to be less risky than REX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRESX	REX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	11.36%	-7.58%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	25.33%	-16.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	31.78%	-18.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	44.47%	-25.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	47.14%	-26.58%

Dividends

FRESX vs. REX - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 4.22%, while REX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRESX Fidelity Real Estate Investment Portfolio	4.22%	4.64%	5.58%	6.95%	10.16%	3.70%	4.77%	6.91%	4.23%	4.00%	4.90%	6.09%
REX REX American Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRESX and REX in my portfolio?

FRESX and REX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRESX or REX?

REX has higher volatility (11.36%) compared to FRESX (3.78%). In terms of maximum drawdown, FRESX dropped -76.34% vs REX's -74.42%.

Which has better risk-adjusted returns?

REX currently has the higher Sharpe Ratio (3.63 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.