FRIFX vs. CSZIX
FRIFX (Fidelity Real Estate Income Fund) and CSZIX (Cohen & Steers Real Estate Securities Fund Class Z) are both REIT funds. Over the past 10 years, FRIFX returned 5.31%/yr vs 7.21%/yr for CSZIX. Their correlation of 0.90 suggests significant overlap in exposure. FRIFX charges 0.71%/yr vs 0.75%/yr for CSZIX.
Performance
FRIFX vs. CSZIX - Performance Comparison
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Returns By Period
In the year-to-date period, FRIFX achieves a 3.88% return, which is significantly lower than CSZIX's 11.78% return. Over the past 10 years, FRIFX has underperformed CSZIX with an annualized return of 5.31%, while CSZIX has yielded a comparatively higher 7.21% annualized return.
FRIFX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 3.88%
- 6M
- 4.14%
- 1Y
- 7.77%
- 3Y*
- 8.36%
- 5Y*
- 3.57%
- 10Y*
- 5.31%
CSZIX
- 1D
- -0.05%
- 1M
- -1.78%
- YTD
- 11.78%
- 6M
- 12.49%
- 1Y
- 12.06%
- 3Y*
- 10.31%
- 5Y*
- 4.23%
- 10Y*
- 7.21%
FRIFX vs. CSZIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 3.88% | 7.16% | 7.93% | 9.32% | -14.54% | 18.90% | -1.09% | 17.92% | -1.80% | 6.20% |
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 11.78% | 4.41% | 6.81% | 13.26% | -26.21% | 41.81% | -1.64% | 31.95% | -4.17% | 8.18% |
Correlation
The correlation between FRIFX and CSZIX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.90 |
The correlation between FRIFX and CSZIX has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
FRIFX vs. CSZIX — Risk / Return Rank
FRIFX
CSZIX
FRIFX vs. CSZIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and Cohen & Steers Real Estate Securities Fund Class Z (CSZIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRIFX | CSZIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.51 | +0.80 |
| Martin ratioReturn relative to average drawdown | 10.13 | 4.56 | +5.56 |
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Drawdowns
FRIFX vs. CSZIX - Drawdown Comparison
The maximum FRIFX drawdown since its inception was -38.27%, smaller than the maximum CSZIX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for FRIFX and CSZIX.
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Drawdown Indicators
| FRIFX | CSZIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -42.71% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -7.96% | +4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -17.17% | +9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -33.05% | +14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -42.71% | +8.21% |
Current DrawdownCurrent decline from peak | -0.63% | -2.92% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -8.74% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.63% | -1.85% |
Volatility
FRIFX vs. CSZIX - Volatility Comparison
The current volatility for Fidelity Real Estate Income Fund (FRIFX) is 1.34%, while Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) has a volatility of 5.05%. This indicates that FRIFX experiences smaller price fluctuations and is considered to be less risky than CSZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIFX | CSZIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 5.05% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 10.55% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 13.77% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 18.73% | -12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 20.84% | -11.37% |
FRIFX vs. CSZIX - Expense Ratio Comparison
FRIFX has a 0.71% expense ratio, which is lower than CSZIX's 0.75% expense ratio.
Dividends
FRIFX vs. CSZIX - Dividend Comparison
FRIFX's dividend yield for the trailing twelve months is around 4.55%, more than CSZIX's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 3.48% | 3.81% | 2.85% | 3.00% | 7.77% | 4.38% | 5.47% | 7.70% | 3.68% | 2.60% | 5.90% | 22.32% |
FRIFX Fidelity Real Estate Income Fund | 4.55% | 4.69% | 4.65% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 5.08% | 4.40% | 4.98% | 3.65% |
Frequently Asked Questions
FRIFX and CSZIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSZIX has higher volatility (5.05%) compared to FRIFX (1.34%). In terms of maximum drawdown, FRIFX dropped -38.27% vs CSZIX's -42.71%.
FRIFX currently has the higher Sharpe Ratio (1.89 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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