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

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.


-0.50.00.51.00.9

Performance

FRESX vs. REZ - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
6.94%
8.30%
FRESX
REZ

Key characteristics

Sharpe Ratio

FRESX:

0.20

REZ:

0.89

Sortino Ratio

FRESX:

0.38

REZ:

1.30

Omega Ratio

FRESX:

1.05

REZ:

1.16

Calmar Ratio

FRESX:

0.13

REZ:

0.53

Martin Ratio

FRESX:

0.63

REZ:

3.39

Ulcer Index

FRESX:

5.01%

REZ:

4.30%

Daily Std Dev

FRESX:

15.76%

REZ:

16.28%

Max Drawdown

FRESX:

-75.98%

REZ:

-66.84%

Current Drawdown

FRESX:

-14.06%

REZ:

-11.05%

Returns By Period

In the year-to-date period, FRESX achieves a 2.53% return, which is significantly lower than REZ's 13.24% return. Over the past 10 years, FRESX has underperformed REZ with an annualized return of 4.83%, while REZ has yielded a comparatively higher 6.59% annualized return.


FRESX

YTD

2.53%

1M

-8.85%

6M

6.94%

1Y

3.18%

5Y*

2.66%

10Y*

4.83%

REZ

YTD

13.24%

1M

-6.55%

6M

8.31%

1Y

14.55%

5Y*

4.78%

10Y*

6.59%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FRESX vs. REZ - Expense Ratio Comparison

FRESX has a 0.71% expense ratio, which is higher than REZ's 0.48% 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 REZ: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%

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.


Sharpe ratio
The chart of Sharpe ratio for FRESX, currently valued at 0.20, compared to the broader market-1.000.001.002.003.004.000.200.89
The chart of Sortino ratio for FRESX, currently valued at 0.38, compared to the broader market-2.000.002.004.006.008.0010.000.381.30
The chart of Omega ratio for FRESX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.003.501.051.16
The chart of Calmar ratio for FRESX, currently valued at 0.13, compared to the broader market0.002.004.006.008.0010.0012.0014.000.130.53
The chart of Martin ratio for FRESX, currently valued at 0.63, compared to the broader market0.0010.0020.0030.0040.0050.0060.000.633.39
FRESX
REZ

The current FRESX Sharpe Ratio is 0.20, which is lower than the REZ Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FRESX and REZ, 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 Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.20
0.89
FRESX
REZ

Dividends

FRESX vs. REZ - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 1.02%, less than REZ's 2.25% yield.


TTM20232022202120202019201820172016201520142013
FRESX
Fidelity Real Estate Investment Portfolio
1.02%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
2.25%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.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-14.06%
-11.05%
FRESX
REZ

Volatility

FRESX vs. REZ - Volatility Comparison

Fidelity Real Estate Investment Portfolio (FRESX) and iShares Residential Real Estate ETF (REZ) have volatilities of 5.05% and 5.22%, 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.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.05%
5.22%
FRESX
REZ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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