FRIFX vs. SHLD

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Real Estate Income Fund (FRIFX) and Global X Defense Tech ETF (SHLD).

FRIFX is managed by Fidelity. It was launched on Feb 4, 2003. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023.

Performance

FRIFX vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Real Estate Income Fund (FRIFX) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

FRIFX vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FRIFX Fidelity Real Estate Income Fund	0.41%	7.16%	7.93%	6.04%
SHLD Global X Defense Tech ETF	13.41%	74.16%	35.03%	12.89%

Returns By Period

In the year-to-date period, FRIFX achieves a 0.41% return, which is significantly lower than SHLD's 13.41% return.

FRIFX

• 1D: 0.41%
• 1M: -2.62%
• YTD: 0.41%
• 6M: 1.17%
• 1Y: 4.70%
• 3Y*: 7.54%
• 5Y*: 3.80%
• 10Y*: 5.31%

SHLD

• 1D: 3.73%
• 1M: -4.67%
• YTD: 13.41%
• 6M: 5.02%
• 1Y: 56.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRIFX vs. SHLD - Expense Ratio Comparison

FRIFX has a 0.71% expense ratio, which is higher than SHLD's 0.50% expense ratio.

FRIFX

Fidelity Real Estate Income Fund

SHLD

Global X Defense Tech ETF

Return for Risk

FRIFX vs. SHLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRIFX

FRIFX Risk / Return Rank: 43
FRIFX Sharpe Ratio Rank: 47
FRIFX Sortino Ratio Rank: 39
FRIFX Omega Ratio Rank: 40
FRIFX Calmar Ratio Rank: 42
FRIFX Martin Ratio Rank: 46

SHLD

SHLD Risk / Return Rank: 92
SHLD Sharpe Ratio Rank: 93
SHLD Sortino Ratio Rank: 93
SHLD Omega Ratio Rank: 89
SHLD Calmar Ratio Rank: 94
SHLD Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRIFX vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and Global X Defense Tech ETF (SHLD). 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.

	FRIFX	SHLD	Difference
Sharpe ratio Return per unit of total volatility	0.97	2.22	-1.25
Sortino ratio Return per unit of downside risk	1.30	2.89	-1.60
Omega ratio Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio Return relative to maximum drawdown	1.14	3.90	-2.76
Martin ratio Return relative to average drawdown	4.83	11.34	-6.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRIFX vs. SHLD - Sharpe Ratio Comparison

The current FRIFX Sharpe Ratio is 0.97, which is lower than the SHLD Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FRIFX and SHLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRIFX	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	2.22	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	2.62	-1.90

Correlation

The correlation between FRIFX and SHLD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FRIFX vs. SHLD - Dividend Comparison

FRIFX's dividend yield for the trailing twelve months is around 4.67%, more than SHLD's 0.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRIFX Fidelity Real Estate Income Fund	4.67%	4.69%	4.65%	4.99%	6.04%	1.47%	4.77%	5.68%	5.08%	4.40%	4.98%	3.65%
SHLD Global X Defense Tech ETF	0.48%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FRIFX vs. SHLD - Drawdown Comparison

The maximum FRIFX drawdown since its inception was -38.27%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for FRIFX and SHLD.

Drawdown Indicators

	FRIFX	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-38.27%	-15.06%	-23.21%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-15.06%	+10.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	—	—
Current Drawdown Current decline from peak	-2.70%	-5.82%	+3.12%
Average Drawdown Average peak-to-trough decline	-4.29%	-2.58%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	5.18%	-4.15%

Volatility

FRIFX vs. SHLD - Volatility Comparison

The current volatility for Fidelity Real Estate Income Fund (FRIFX) is 1.69%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.74%. This indicates that FRIFX experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRIFX	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	9.74%	-8.05%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	18.64%	-15.71%
Volatility (1Y) Calculated over the trailing 1-year period	4.96%	25.64%	-20.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.50%	20.81%	-14.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	20.81%	-11.34%