FSREX vs. FSRNX
Compare and contrast key facts about Fidelity Series Real Estate Income Fund (FSREX) and Fidelity Real Estate Index Fund (FSRNX).
FSREX is managed by Fidelity. It was launched on Oct 20, 2011. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSREX or FSRNX.
Key characteristics
| FSREX | FSRNX | |
|---|---|---|
| YTD Return | 9.95% | 11.52% |
| 1Y Return | 18.40% | 36.61% |
| 3Y Return (Ann) | 2.13% | -0.34% |
| 5Y Return (Ann) | 4.26% | 2.36% |
| 10Y Return (Ann) | 6.15% | 5.09% |
| Sharpe Ratio | 5.16 | 2.26 |
| Sortino Ratio | 8.45 | 3.23 |
| Omega Ratio | 2.19 | 1.41 |
| Calmar Ratio | 1.67 | 1.20 |
| Martin Ratio | 45.13 | 8.92 |
| Ulcer Index | 0.42% | 4.38% |
| Daily Std Dev | 3.64% | 17.31% |
| Max Drawdown | -32.02% | -44.26% |
| Current Drawdown | -0.79% | -7.80% |
Correlation
The correlation between FSREX and FSRNX 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.
Performance
FSREX vs. FSRNX - Performance Comparison
In the year-to-date period, FSREX achieves a 9.95% return, which is significantly lower than FSRNX's 11.52% return. Over the past 10 years, FSREX has outperformed FSRNX with an annualized return of 6.15%, while FSRNX has yielded a comparatively lower 5.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSREX vs. FSRNX - Expense Ratio Comparison
FSREX has a 0.00% expense ratio, which is lower than FSRNX's 0.07% 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%.
Risk-Adjusted Performance
FSREX vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and Fidelity Real Estate Index Fund (FSRNX). 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. FSRNX - Dividend Comparison
FSREX's dividend yield for the trailing twelve months is around 6.26%, more than FSRNX's 2.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSREX Fidelity Series Real Estate Income Fund | 6.26% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 7.35% | 6.98% | 6.52% | 9.57% | 7.96% | 10.17% |
FSRNX Fidelity Real Estate Index Fund | 2.63% | 2.84% | 2.66% | 1.25% | 3.33% | 3.93% | 4.43% | 2.86% | 3.95% | 2.57% | 4.18% | 3.54% |
Drawdowns
FSREX vs. FSRNX - Drawdown Comparison
The maximum FSREX drawdown since its inception was -32.02%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FSREX and FSRNX. For additional features, visit the drawdowns tool.
Volatility
FSREX vs. FSRNX - Volatility Comparison
The current volatility for Fidelity Series Real Estate Income Fund (FSREX) is 0.87%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 3.79%. This indicates that FSREX experiences smaller price fluctuations and is considered to be less risky than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.