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

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%25.00%JuneJulyAugustSeptemberOctoberNovember
20.02%
20.86%
FRESX
REZ

Returns By Period

In the year-to-date period, FRESX achieves a 11.72% return, which is significantly lower than REZ's 20.84% return. Over the past 10 years, FRESX has underperformed REZ with an annualized return of 6.15%, while REZ has yielded a comparatively higher 7.78% annualized return.


FRESX

YTD

11.72%

1M

-0.09%

6M

20.01%

1Y

23.49%

5Y (annualized)

4.35%

10Y (annualized)

6.15%

REZ

YTD

20.84%

1M

1.19%

6M

20.86%

1Y

34.89%

5Y (annualized)

5.84%

10Y (annualized)

7.78%

Key characteristics


FRESXREZ
Sharpe Ratio1.522.11
Sortino Ratio2.122.92
Omega Ratio1.271.36
Calmar Ratio0.961.19
Martin Ratio5.149.24
Ulcer Index4.66%3.80%
Daily Std Dev15.75%16.61%
Max Drawdown-75.98%-66.84%
Current Drawdown-6.36%-5.08%

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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.


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%

Correlation

-0.50.00.51.00.9

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.

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 1.52, compared to the broader market-1.000.001.002.003.004.005.001.522.11
The chart of Sortino ratio for FRESX, currently valued at 2.12, compared to the broader market0.005.0010.002.122.92
The chart of Omega ratio for FRESX, currently valued at 1.27, compared to the broader market1.002.003.004.001.271.36
The chart of Calmar ratio for FRESX, currently valued at 0.96, compared to the broader market0.005.0010.0015.0020.0025.000.961.19
The chart of Martin ratio for FRESX, currently valued at 5.14, compared to the broader market0.0020.0040.0060.0080.00100.005.149.24
FRESX
REZ

The current FRESX Sharpe Ratio is 1.52, which is comparable to the REZ Sharpe Ratio of 2.11. 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 Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.52
2.11
FRESX
REZ

Dividends

FRESX vs. REZ - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 2.00%, less than REZ's 2.19% yield.


TTM20232022202120202019201820172016201520142013
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%
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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.36%
-5.08%
FRESX
REZ

Volatility

FRESX vs. REZ - Volatility Comparison

The current volatility for Fidelity Real Estate Investment Portfolio (FRESX) is 4.51%, while iShares Residential Real Estate ETF (REZ) has a volatility of 5.21%. 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.51%
5.21%
FRESX
REZ