FSREX vs. FREL
Compare and contrast key facts about Fidelity Series Real Estate Income Fund (FSREX) and Fidelity MSCI Real Estate Index ETF (FREL).
FSREX is managed by Fidelity. It was launched on Oct 20, 2011. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSREX or FREL.
Performance
FSREX vs. FREL - Performance Comparison
Returns By Period
In the year-to-date period, FSREX achieves a 9.73% return, which is significantly lower than FREL's 12.30% return.
FSREX
9.73%
-0.20%
5.87%
14.74%
3.33%
4.98%
FREL
12.30%
-0.24%
20.13%
26.25%
4.85%
N/A
Key characteristics
| FSREX | FREL | |
|---|---|---|
| Sharpe Ratio | 4.24 | 1.63 |
| Sortino Ratio | 6.65 | 2.26 |
| Omega Ratio | 1.91 | 1.29 |
| Calmar Ratio | 1.27 | 1.00 |
| Martin Ratio | 31.48 | 5.93 |
| Ulcer Index | 0.47% | 4.43% |
| Daily Std Dev | 3.47% | 16.15% |
| Max Drawdown | -32.02% | -42.61% |
| Current Drawdown | -0.99% | -7.41% |
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FSREX vs. FREL - Expense Ratio Comparison
FSREX has a 0.00% expense ratio, which is lower than FREL's 0.08% 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%.
Correlation
The correlation between FSREX and FREL is 0.77, 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.
Risk-Adjusted Performance
FSREX vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) 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.
Dividends
FSREX vs. FREL - Dividend Comparison
FSREX's dividend yield for the trailing twelve months is around 6.28%, more than FREL's 3.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSREX Fidelity Series Real Estate Income Fund | 6.28% | 7.43% | 6.58% | 2.82% | 5.62% | 5.53% | 5.69% | 5.53% | 4.89% | 9.37% | 9.40% | 8.54% |
FREL Fidelity MSCI Real Estate Index ETF | 3.18% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% | 0.00% |
Drawdowns
FSREX vs. FREL - Drawdown Comparison
The maximum FSREX drawdown since its inception was -32.02%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FSREX and FREL. For additional features, visit the drawdowns tool.
Volatility
FSREX vs. FREL - Volatility Comparison
The current volatility for Fidelity Series Real Estate Income Fund (FSREX) is 0.96%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 4.76%. This indicates that FSREX experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.