FRESX vs. VNQ
Compare and contrast key facts about Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate ETF (VNQ).
FRESX is managed by Fidelity. It was launched on Nov 17, 1986. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRESX or VNQ.
Key characteristics
| FRESX | VNQ | |
|---|---|---|
| YTD Return | 10.03% | 9.63% |
| 1Y Return | 28.63% | 30.83% |
| 3Y Return (Ann) | -0.21% | -1.16% |
| 5Y Return (Ann) | 3.93% | 4.31% |
| 10Y Return (Ann) | 6.10% | 6.03% |
| Sharpe Ratio | 1.67 | 1.74 |
| Sortino Ratio | 2.41 | 2.51 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 0.97 | 0.96 |
| Martin Ratio | 5.98 | 6.66 |
| Ulcer Index | 4.61% | 4.46% |
| Daily Std Dev | 16.48% | 17.11% |
| Max Drawdown | -75.98% | -73.07% |
| Current Drawdown | -7.78% | -9.56% |
Correlation
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.
Performance
FRESX vs. VNQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with FRESX having a 10.03% return and VNQ slightly lower at 9.63%. Both investments have delivered pretty close results over the past 10 years, with FRESX having a 6.10% annualized return and VNQ not far behind at 6.03%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FRESX vs. VNQ - Expense Ratio Comparison
FRESX has a 0.71% expense ratio, which is higher than VNQ's 0.12% expense ratio.
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.
Dividends
FRESX vs. VNQ - Dividend Comparison
FRESX's dividend yield for the trailing twelve months is around 2.03%, less than VNQ's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 2.03% | 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 | 3.88% | 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.
Volatility
FRESX vs. VNQ - Volatility Comparison
Fidelity Real Estate Investment Portfolio (FRESX) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.19% and 5.37%, 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.