FSREX vs. FJTDX

Last updated Jun 24, 2026

FSREX (Fidelity Series Real Estate Income Fund) and FJTDX (Fidelity Flex Conservative Income Bond Fund) are both mutual funds - FSREX is a REIT fund managed by Fidelity, while FJTDX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, FSREX returned 4.02%/yr vs 3.69%/yr for FJTDX. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.00% expense ratio.

Performance

FSREX vs. FJTDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Real Estate Income Fund (FSREX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FSREX having a 1.61% return and FJTDX slightly lower at 1.59%.

FSREX

• 1D: -0.30%
• 1M: 0.51%
• YTD: 1.61%
• 6M: 1.81%
• 1Y: 6.65%
• 3Y*: 8.75%
• 5Y*: 4.02%
• 10Y*: 5.33%

FJTDX

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.59%
• 6M: 1.95%
• 1Y: 4.37%
• 3Y*: 5.11%
• 5Y*: 3.69%
• 10Y*: —

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

FSREX vs. FJTDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSREX Fidelity Series Real Estate Income Fund	1.61%	8.93%	9.87%	8.29%	-11.78%	15.78%	0.58%	16.02%	-3.96%
FJTDX Fidelity Flex Conservative Income Bond Fund	1.59%	4.75%	5.69%	5.48%	1.00%	0.16%	1.57%	3.20%	0.50%

Correlation

The correlation between FSREX and FJTDX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.14

The correlation between FSREX and FJTDX shifts across timeframes, from 0.10 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FSREX vs. FJTDX — Risk / Return Rank

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

FSREX

FSREX Risk / Return Rank: 86
FSREX Sharpe Ratio Rank: 90
FSREX Sortino Ratio Rank: 92
FSREX Omega Ratio Rank: 87
FSREX Calmar Ratio Rank: 77
FSREX Martin Ratio Rank: 84

FJTDX

FJTDX Risk / Return Rank: 99
FJTDX Sharpe Ratio Rank: 98
FJTDX Sortino Ratio Rank: 100
FJTDX Omega Ratio Rank: 100
FJTDX Calmar Ratio Rank: 100
FJTDX Martin Ratio Rank: 100

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.

FSREX vs. FJTDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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.

	FSREX	FJTDX	Difference
Sharpe ratio: Return per unit of total volatility	2.77	3.47	-0.70
Sortino ratio: Return per unit of downside risk	4.24	17.57	-13.33
Omega ratio: Gain probability vs. loss probability	1.56	7.94	-6.38
Calmar ratio: Return relative to maximum drawdown	3.29	44.20	-40.90
Martin ratio: Return relative to average drawdown	14.48	117.17	-102.69

FSREX vs. FJTDX - Sharpe Ratio Comparison

The current FSREX Sharpe Ratio is 2.77, which is comparable to the FJTDX Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of FSREX and FJTDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSREX vs. FJTDX - Drawdown Comparison

The maximum FSREX drawdown since its inception was -32.02%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for FSREX and FJTDX.

Drawdown Indicators

	FSREX	FJTDX	Difference
Max Drawdown Largest peak-to-trough decline	-32.02%	-1.90%	-30.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-0.10%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-5.12%	-0.90%	-4.22%
Max Drawdown (5Y) Largest decline over 5 years	-15.22%	-0.90%	-14.32%
Max Drawdown (10Y) Largest decline over 10 years	-32.02%	—	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-2.54%	-0.08%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.04%	+0.43%

Volatility

FSREX vs. FJTDX - Volatility Comparison

Fidelity Series Real Estate Income Fund (FSREX) has a higher volatility of 0.68% compared to Fidelity Flex Conservative Income Bond Fund (FJTDX) at 0.35%. This indicates that FSREX's price experiences larger fluctuations and is considered to be riskier than FJTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSREX	FJTDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.35%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	0.86%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	2.45%	1.27%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	1.44%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	1.27%	+6.62%

FSREX vs. FJTDX - Expense Ratio Comparison

FSREX has a 0.00% expense ratio, which is lower than FJTDX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSREX vs. FJTDX - Dividend Comparison

FSREX's dividend yield for the trailing twelve months is around 5.07%, more than FJTDX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJTDX Fidelity Flex Conservative Income Bond Fund	4.37%	4.63%	5.42%	4.70%	1.39%	0.36%	1.45%	2.65%	1.17%	0.00%	0.00%	0.00%
FSREX Fidelity Series Real Estate Income Fund	5.07%	5.64%	6.05%	7.43%	9.99%	3.58%	6.24%	6.62%	5.87%	5.49%	5.22%	4.33%

Frequently Asked Questions

Can I hold both FSREX and FJTDX in my portfolio?

FSREX and FJTDX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSREX or FJTDX?

FSREX has higher volatility (0.68%) compared to FJTDX (0.35%). In terms of maximum drawdown, FSREX dropped -32.02% vs FJTDX's -1.90%.

Which has better risk-adjusted returns?

FJTDX currently has the higher Sharpe Ratio (3.47 vs 2.77), 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.