FRT vs. FREL
Compare and contrast key facts about Federal Realty Investment Trust (FRT) and Fidelity MSCI Real Estate Index ETF (FREL).
FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Performance
FRT vs. FREL - Performance Comparison
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FRT vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRT Federal Realty Investment Trust | 7.56% | -5.91% | 12.07% | 6.55% | -22.66% | 65.97% | -30.66% | 12.51% | -8.10% | -3.59% |
FREL Fidelity MSCI Real Estate Index ETF | 1.32% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Returns By Period
In the year-to-date period, FRT achieves a 7.56% return, which is significantly higher than FREL's 1.32% return. Over the past 10 years, FRT has underperformed FREL with an annualized return of -0.11%, while FREL has yielded a comparatively higher 5.19% annualized return.
FRT
- 1D
- 0.93%
- 1M
- -2.85%
- YTD
- 7.56%
- 6M
- 8.81%
- 1Y
- 14.37%
- 3Y*
- 6.93%
- 5Y*
- 4.70%
- 10Y*
- -0.11%
FREL
- 1D
- 0.33%
- 1M
- -6.44%
- YTD
- 1.32%
- 6M
- -1.31%
- 1Y
- 1.72%
- 3Y*
- 6.41%
- 5Y*
- 2.75%
- 10Y*
- 5.19%
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Return for Risk
FRT vs. FREL — Risk / Return Rank
FRT
FREL
FRT vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal Realty Investment Trust (FRT) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
| FRT | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.11 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.09 | 0.26 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.14 | +0.79 |
Martin ratioReturn relative to average drawdown | 3.71 | 0.56 | +3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRT | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.11 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.15 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | 0.25 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.23 | +0.17 |
Correlation
The correlation between FRT and FREL is 0.78, 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.
Dividends
FRT vs. FREL - Dividend Comparison
FRT's dividend yield for the trailing twelve months is around 4.23%, more than FREL's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRT Federal Realty Investment Trust | 4.23% | 4.39% | 2.93% | 4.21% | 4.26% | 3.12% | 4.96% | 3.22% | 3.42% | 2.98% | 2.70% | 2.48% |
FREL Fidelity MSCI Real Estate Index ETF | 3.55% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
FRT vs. FREL - Drawdown Comparison
The maximum FRT drawdown since its inception was -57.42%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FRT and FREL.
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Drawdown Indicators
| FRT | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.42% | -42.61% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -12.42% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -34.99% | -34.40% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -42.61% | -13.86% |
Current DrawdownCurrent decline from peak | -9.34% | -9.53% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -11.81% | -10.05% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.22% | +0.74% |
Volatility
FRT vs. FREL - Volatility Comparison
Federal Realty Investment Trust (FRT) has a higher volatility of 5.47% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.59%. This indicates that FRT's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRT | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 4.59% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 9.28% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 16.38% | +5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.43% | 18.84% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.41% | 20.67% | +8.74% |