FRIFX vs. KBWY
Compare and contrast key facts about Fidelity Real Estate Income Fund (FRIFX) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
FRIFX is managed by Fidelity. It was launched on Feb 4, 2003. KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRIFX or KBWY.
Key characteristics
| FRIFX | KBWY | |
|---|---|---|
| YTD Return | 8.97% | 4.95% |
| 1Y Return | 15.93% | 19.29% |
| 3Y Return (Ann) | 1.20% | 0.53% |
| 5Y Return (Ann) | 3.93% | -1.27% |
| 10Y Return (Ann) | 5.61% | 1.99% |
| Sharpe Ratio | 3.21 | 1.29 |
| Sortino Ratio | 4.90 | 1.95 |
| Omega Ratio | 1.68 | 1.25 |
| Calmar Ratio | 1.47 | 0.97 |
| Martin Ratio | 20.21 | 3.24 |
| Ulcer Index | 0.90% | 8.66% |
| Daily Std Dev | 5.66% | 21.67% |
| Max Drawdown | -39.77% | -57.68% |
| Current Drawdown | -1.55% | -12.49% |
Correlation
The correlation between FRIFX and KBWY is 0.79, 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
FRIFX vs. KBWY - Performance Comparison
In the year-to-date period, FRIFX achieves a 8.97% return, which is significantly higher than KBWY's 4.95% return. Over the past 10 years, FRIFX has outperformed KBWY with an annualized return of 5.61%, while KBWY has yielded a comparatively lower 1.99% annualized return. 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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FRIFX vs. KBWY - Expense Ratio Comparison
FRIFX has a 0.71% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Risk-Adjusted Performance
FRIFX vs. KBWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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
FRIFX vs. KBWY - Dividend Comparison
FRIFX's dividend yield for the trailing twelve months is around 4.56%, less than KBWY's 7.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 4.56% | 4.99% | 4.10% | 1.33% | 4.77% | 4.38% | 4.47% | 4.37% | 4.30% | 6.32% | 7.55% | 10.31% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.96% | 7.90% | 7.41% | 5.06% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
Drawdowns
FRIFX vs. KBWY - Drawdown Comparison
The maximum FRIFX drawdown since its inception was -39.77%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for FRIFX and KBWY. For additional features, visit the drawdowns tool.
Volatility
FRIFX vs. KBWY - Volatility Comparison
The current volatility for Fidelity Real Estate Income Fund (FRIFX) is 1.63%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.17%. This indicates that FRIFX experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.