FRESX vs. VGSNX
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. VGSNX is managed by Vanguard. It was launched on Dec 2, 2003.
Performance
FRESX vs. VGSNX - Performance Comparison
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FRESX vs. VGSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 3.33% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 1.28% | 3.21% | 3.72% | 13.12% | -26.19% | 40.46% | -4.76% | 28.98% | -5.97% | 4.90% |
Returns By Period
In the year-to-date period, FRESX achieves a 3.33% return, which is significantly higher than VGSNX's 1.28% return. Both investments have delivered pretty close results over the past 10 years, with FRESX having a 4.56% annualized return and VGSNX not far ahead at 4.65%.
FRESX
- 1D
- 1.43%
- 1M
- -6.17%
- YTD
- 3.33%
- 6M
- 2.45%
- 1Y
- 2.35%
- 3Y*
- 6.43%
- 5Y*
- 4.05%
- 10Y*
- 4.56%
VGSNX
- 1D
- 1.51%
- 1M
- -6.61%
- YTD
- 1.28%
- 6M
- -1.15%
- 1Y
- 1.75%
- 3Y*
- 6.41%
- 5Y*
- 2.79%
- 10Y*
- 4.65%
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FRESX vs. VGSNX - Expense Ratio Comparison
FRESX has a 0.71% expense ratio, which is higher than VGSNX's 0.10% expense ratio.
Return for Risk
FRESX vs. VGSNX — Risk / Return Rank
FRESX
VGSNX
FRESX vs. VGSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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 | VGSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.11 | +0.04 |
Sortino ratioReturn per unit of downside risk | 0.32 | 0.27 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.22 | +0.06 |
Martin ratioReturn relative to average drawdown | 1.07 | 0.86 | +0.22 |
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 | VGSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.11 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.15 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.22 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.27 | +0.11 |
Correlation
The correlation between FRESX and VGSNX is 0.99, 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. VGSNX - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 4.49%, more than VGSNX's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.49% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.95% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
Drawdowns
FRESX vs. VGSNX - Drawdown Comparison
The maximum FRESX drawdown since its inception was -76.34%, roughly equal to the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for FRESX and VGSNX.
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Drawdown Indicators
| FRESX | VGSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -73.06% | -3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -12.41% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -32.13% | -34.39% | +2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.93% | -42.30% | +1.37% |
Current DrawdownCurrent decline from peak | -6.17% | -9.48% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -13.36% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.18% | -0.03% |
Volatility
FRESX vs. VGSNX - Volatility Comparison
Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX) have volatilities of 4.32% and 4.53%, 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.
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Volatility by Period
| FRESX | VGSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.53% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 9.27% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 16.35% | 0.00% |
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% | 20.91% | -0.34% |