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FSREX vs. FSRNX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSREX vs. FSRNX - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
5.88%
19.18%
FSREX
FSRNX

Returns By Period

In the year-to-date period, FSREX achieves a 9.62% return, which is significantly lower than FSRNX's 11.33% return. Both investments have delivered pretty close results over the past 10 years, with FSREX having a 4.99% annualized return and FSRNX not far ahead at 5.01%.


FSREX

YTD

9.62%

1M

-0.40%

6M

5.88%

1Y

14.63%

5Y (annualized)

3.31%

10Y (annualized)

4.99%

FSRNX

YTD

11.33%

1M

-0.17%

6M

19.18%

1Y

25.18%

5Y (annualized)

2.98%

10Y (annualized)

5.01%

Key characteristics


FSREXFSRNX
Sharpe Ratio4.251.59
Sortino Ratio6.652.22
Omega Ratio1.911.28
Calmar Ratio1.270.97
Martin Ratio31.775.76
Ulcer Index0.46%4.47%
Daily Std Dev3.47%16.17%
Max Drawdown-32.02%-44.26%
Current Drawdown-1.09%-7.96%

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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%.


FSRNX
Fidelity Real Estate Index Fund
Expense ratio chart for FSRNX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for FSREX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FSREX, currently valued at 4.25, compared to the broader market-1.000.001.002.003.004.005.004.251.59
The chart of Sortino ratio for FSREX, currently valued at 6.65, compared to the broader market0.005.0010.006.652.22
The chart of Omega ratio for FSREX, currently valued at 1.91, compared to the broader market1.002.003.004.001.911.28
The chart of Calmar ratio for FSREX, currently valued at 1.27, compared to the broader market0.005.0010.0015.0020.0025.001.270.97
The chart of Martin ratio for FSREX, currently valued at 31.77, compared to the broader market0.0020.0040.0060.0080.00100.0031.775.76
FSREX
FSRNX

The current FSREX Sharpe Ratio is 4.25, which is higher than the FSRNX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FSREX and FSRNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
4.25
1.59
FSREX
FSRNX

Dividends

FSREX vs. FSRNX - Dividend Comparison

FSREX's dividend yield for the trailing twelve months is around 6.28%, more than FSRNX's 2.63% yield.


TTM20232022202120202019201820172016201520142013
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%
FSRNX
Fidelity Real Estate Index Fund
2.63%2.84%2.66%1.25%3.33%3.18%3.73%2.27%2.58%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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.09%
-7.96%
FSREX
FSRNX

Volatility

FSREX vs. FSRNX - Volatility Comparison

The current volatility for Fidelity Series Real Estate Income Fund (FSREX) is 0.96%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 4.69%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.96%
4.69%
FSREX
FSRNX