FSREX vs. PIAMX
Compare and contrast key facts about Fidelity Series Real Estate Income Fund (FSREX) and PIA High Yield (MACS) Fund (PIAMX).
FSREX is managed by Fidelity. It was launched on Oct 20, 2011. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSREX or PIAMX.
Performance
FSREX vs. PIAMX - Performance Comparison
Returns By Period
In the year-to-date period, FSREX achieves a 9.62% return, which is significantly lower than PIAMX's 10.39% return.
FSREX
9.62%
-0.40%
5.88%
14.63%
3.31%
4.99%
PIAMX
10.39%
0.80%
6.18%
14.53%
6.48%
N/A
Key characteristics
| FSREX | PIAMX | |
|---|---|---|
| Sharpe Ratio | 4.25 | 5.39 |
| Sortino Ratio | 6.65 | 8.75 |
| Omega Ratio | 1.91 | 2.45 |
| Calmar Ratio | 1.27 | 12.64 |
| Martin Ratio | 31.77 | 62.68 |
| Ulcer Index | 0.46% | 0.23% |
| Daily Std Dev | 3.47% | 2.72% |
| Max Drawdown | -32.02% | -18.15% |
| Current Drawdown | -1.09% | 0.00% |
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FSREX vs. PIAMX - Expense Ratio Comparison
FSREX has a 0.00% expense ratio, which is lower than PIAMX's 0.20% 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 PIAMX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FSREX vs. PIAMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and PIA High Yield (MACS) Fund (PIAMX). 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. PIAMX - Dividend Comparison
FSREX's dividend yield for the trailing twelve months is around 6.28%, less than PIAMX's 8.37% 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% |
PIAMX PIA High Yield (MACS) Fund | 8.37% | 8.12% | 8.72% | 7.03% | 6.63% | 6.74% | 6.66% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSREX vs. PIAMX - Drawdown Comparison
The maximum FSREX drawdown since its inception was -32.02%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for FSREX and PIAMX. For additional features, visit the drawdowns tool.
Volatility
FSREX vs. PIAMX - Volatility Comparison
Fidelity Series Real Estate Income Fund (FSREX) has a higher volatility of 0.96% compared to PIA High Yield (MACS) Fund (PIAMX) at 0.57%. This indicates that FSREX's price experiences larger fluctuations and is considered to be riskier than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.