PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FRESX vs. VNQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FRESX vs. VNQ - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
19.42%
18.35%
FRESX
VNQ

Returns By Period

In the year-to-date period, FRESX achieves a 11.17% return, which is significantly higher than VNQ's 10.50% return. Both investments have delivered pretty close results over the past 10 years, with FRESX having a 6.12% annualized return and VNQ not far behind at 6.01%.


FRESX

YTD

11.17%

1M

-0.29%

6M

16.90%

1Y

23.33%

5Y (annualized)

4.25%

10Y (annualized)

6.12%

VNQ

YTD

10.50%

1M

-0.82%

6M

15.80%

1Y

24.89%

5Y (annualized)

4.61%

10Y (annualized)

6.01%

Key characteristics


FRESXVNQ
Sharpe Ratio1.441.48
Sortino Ratio2.032.09
Omega Ratio1.251.26
Calmar Ratio0.910.89
Martin Ratio4.885.33
Ulcer Index4.66%4.50%
Daily Std Dev15.75%16.22%
Max Drawdown-75.98%-73.07%
Current Drawdown-6.82%-8.85%

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. VNQ - Expense Ratio Comparison

FRESX has a 0.71% expense ratio, which is higher than VNQ's 0.12% 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 VNQ: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

Correlation

-0.50.00.51.01.0

The correlation between FRESX and VNQ is 0.97, 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. VNQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate ETF (VNQ). 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 1.44, compared to the broader market-1.000.001.002.003.004.005.001.441.48
The chart of Sortino ratio for FRESX, currently valued at 2.03, compared to the broader market0.005.0010.002.032.09
The chart of Omega ratio for FRESX, currently valued at 1.25, compared to the broader market1.002.003.004.001.251.26
The chart of Calmar ratio for FRESX, currently valued at 0.91, compared to the broader market0.005.0010.0015.0020.0025.000.910.89
The chart of Martin ratio for FRESX, currently valued at 4.88, compared to the broader market0.0020.0040.0060.0080.00100.004.885.33
FRESX
VNQ

The current FRESX Sharpe Ratio is 1.44, which is comparable to the VNQ Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FRESX and VNQ, 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 Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.44
1.48
FRESX
VNQ

Dividends

FRESX vs. VNQ - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 2.01%, less than VNQ's 3.85% yield.


TTM20232022202120202019201820172016201520142013
FRESX
Fidelity Real Estate Investment Portfolio
2.01%2.31%1.71%0.78%2.93%2.36%2.57%1.80%1.73%5.54%1.66%3.08%
VNQ
Vanguard Real Estate ETF
3.85%3.95%3.91%2.56%3.93%3.39%4.74%4.23%4.82%3.92%3.60%4.32%

Drawdowns

FRESX vs. VNQ - Drawdown Comparison

The maximum FRESX drawdown since its inception was -75.98%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FRESX and VNQ. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-6.82%
-8.85%
FRESX
VNQ

Volatility

FRESX vs. VNQ - Volatility Comparison

Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate ETF (VNQ) have volatilities of 4.64% and 4.77%, 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.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%JuneJulyAugustSeptemberOctoberNovember
4.64%
4.77%
FRESX
VNQ