FRESX vs. REZ
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and iShares Residential Real Estate ETF (REZ).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRESX or REZ.
Key characteristics
| FRESX | REZ | |
|---|---|---|
| YTD Return | 10.85% | 20.55% |
| 1Y Return | 23.33% | 34.01% |
| 3Y Return (Ann) | 0.04% | 0.93% |
| 5Y Return (Ann) | 3.99% | 5.50% |
| 10Y Return (Ann) | 6.17% | 7.86% |
| Sharpe Ratio | 1.80 | 2.36 |
| Sortino Ratio | 2.56 | 3.34 |
| Omega Ratio | 1.32 | 1.41 |
| Calmar Ratio | 1.18 | 1.37 |
| Martin Ratio | 6.41 | 10.93 |
| Ulcer Index | 4.61% | 3.74% |
| Daily Std Dev | 16.47% | 17.29% |
| Max Drawdown | -75.98% | -66.84% |
| Current Drawdown | -7.09% | -5.31% |
Correlation
The correlation between FRESX and REZ is 0.90, 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. REZ - Performance Comparison
In the year-to-date period, FRESX achieves a 10.85% return, which is significantly lower than REZ's 20.55% return. Over the past 10 years, FRESX has underperformed REZ with an annualized return of 6.17%, while REZ has yielded a comparatively higher 7.86% 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. REZ - Expense Ratio Comparison
FRESX has a 0.71% expense ratio, which is higher than REZ's 0.48% expense ratio.
Risk-Adjusted Performance
FRESX vs. REZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and iShares Residential Real Estate ETF (REZ). 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. REZ - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 2.02%, less than REZ's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 2.02% | 2.31% | 1.71% | 0.78% | 2.93% | 2.36% | 2.57% | 1.80% | 1.73% | 5.54% | 1.66% | 3.08% |
REZ iShares Residential Real Estate ETF | 2.19% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% | 3.92% |
Drawdowns
FRESX vs. REZ - Drawdown Comparison
The maximum FRESX drawdown since its inception was -75.98%, which is greater than REZ's maximum drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for FRESX and REZ. For additional features, visit the drawdowns tool.
Volatility
FRESX vs. REZ - Volatility Comparison
The current volatility for Fidelity Real Estate Investment Portfolio (FRESX) is 5.09%, while iShares Residential Real Estate ETF (REZ) has a volatility of 5.79%. This indicates that FRESX experiences smaller price fluctuations and is considered to be less risky than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.