FRIFX vs. SHLD
FRIFX (Fidelity Real Estate Income Fund) and SHLD (Global X Defense Tech ETF) are both funds - FRIFX is a REIT fund managed by Fidelity, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, FRIFX returned 8.20% vs -0.23% for SHLD. At a 0.27 correlation, their price movements are largely independent. FRIFX charges 0.71%/yr vs 0.50%/yr for SHLD.
Performance
FRIFX vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, FRIFX achieves a 4.38% return, which is significantly higher than SHLD's -10.17% return.
FRIFX
- 1D
- 0.08%
- 1M
- 0.24%
- YTD
- 4.38%
- 6M
- 4.47%
- 1Y
- 8.20%
- 3Y*
- 8.92%
- 5Y*
- 3.51%
- 10Y*
- 5.39%
SHLD
- 1D
- -1.15%
- 1M
- -11.99%
- YTD
- -10.17%
- 6M
- -12.31%
- 1Y
- -0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRIFX vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 4.38% | 7.16% | 7.93% | 5.85% |
SHLD Global X Defense Tech ETF | -10.17% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between FRIFX and SHLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.27 |
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Return for Risk
FRIFX vs. SHLD — Risk / Return Rank
FRIFX
SHLD
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.
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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.02 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.01 | +2.26 |
| Martin ratioReturn relative to average drawdown | 9.89 | -0.03 | +9.91 |
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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 -25.40%. Use the drawdown chart below to compare losses from any high point for FRIFX and SHLD.
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Drawdown Indicators
| FRIFX | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -25.40% | -12.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -25.40% | +21.98% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -25.40% | +25.24% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -3.55% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 8.97% | -8.19% |
Volatility
FRIFX vs. SHLD - Volatility Comparison
The current volatility for Fidelity Real Estate Income Fund (FRIFX) is 1.31%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.01%. 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.
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Volatility by Period
| FRIFX | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 9.01% | -7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 20.22% | -16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 24.85% | -20.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 21.39% | -14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 21.39% | -11.91% |
FRIFX vs. SHLD - Expense Ratio Comparison
FRIFX has a 0.71% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Dividends
FRIFX vs. SHLD - Dividend Comparison
FRIFX's dividend yield for the trailing twelve months is around 4.52%, more than SHLD's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 4.52% | 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 | 0.61% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRIFX and SHLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.01%) compared to FRIFX (1.31%). In terms of maximum drawdown, FRIFX dropped -38.27% vs SHLD's -25.40%.
FRIFX currently has the higher Sharpe Ratio (1.84 vs -0.01), 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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