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.
Performance
FRESX vs. REZ - Performance Comparison
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FRESX vs. REZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 1.88% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
REZ iShares Residential Real Estate ETF | 0.69% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
Returns By Period
In the year-to-date period, FRESX achieves a 1.88% return, which is significantly higher than REZ's 0.69% return. Over the past 10 years, FRESX has underperformed REZ with an annualized return of 4.41%, while REZ has yielded a comparatively higher 5.55% annualized return.
FRESX
- 1D
- 0.31%
- 1M
- -7.31%
- YTD
- 1.88%
- 6M
- 1.01%
- 1Y
- 1.06%
- 3Y*
- 5.93%
- 5Y*
- 4.14%
- 10Y*
- 4.41%
REZ
- 1D
- 1.02%
- 1M
- -7.10%
- YTD
- 0.69%
- 6M
- -1.00%
- 1Y
- -1.49%
- 3Y*
- 8.30%
- 5Y*
- 4.57%
- 10Y*
- 5.55%
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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.
Return for Risk
FRESX vs. REZ — Risk / Return Rank
FRESX
REZ
FRESX vs. REZ - Risk-Adjusted Trends 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.
| FRESX | REZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | -0.09 | +0.21 |
Sortino ratioReturn per unit of downside risk | 0.28 | -0.01 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.07 | +0.23 |
Martin ratioReturn relative to average drawdown | 0.62 | -0.22 | +0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRESX | REZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.09 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.24 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.26 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.23 | +0.15 |
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.
Dividends
FRESX vs. REZ - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 4.55%, more than REZ's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.55% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
REZ iShares Residential Real Estate ETF | 2.28% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Drawdowns
FRESX vs. REZ - Drawdown Comparison
The maximum FRESX drawdown since its inception was -76.34%, which is greater than REZ's maximum drawdown of -66.87%. Use the drawdown chart below to compare losses from any high point for FRESX and REZ.
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Drawdown Indicators
| FRESX | REZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -66.87% | -9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -11.82% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.13% | -35.05% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.93% | -44.15% | +3.22% |
Current DrawdownCurrent decline from peak | -7.49% | -7.70% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -12.79% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.84% | -0.71% |
Volatility
FRESX vs. REZ - Volatility Comparison
The current volatility for Fidelity Real Estate Investment Portfolio (FRESX) is 3.97%, while iShares Residential Real Estate ETF (REZ) has a volatility of 4.65%. 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.
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Volatility by Period
| FRESX | REZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.65% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 10.18% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 16.81% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.88% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.57% | 21.52% | -0.95% |