FSREX vs. PRFRX
Compare and contrast key facts about Fidelity Series Real Estate Income Fund (FSREX) and T. Rowe Price Floating Rate Fund (PRFRX).
FSREX is managed by Fidelity. It was launched on Oct 20, 2011. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSREX or PRFRX.
Correlation
The correlation between FSREX and PRFRX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSREX vs. PRFRX - Performance Comparison
Key characteristics
FSREX:
1.89
PRFRX:
3.29
FSREX:
2.42
PRFRX:
10.12
FSREX:
1.39
PRFRX:
3.42
FSREX:
0.98
PRFRX:
11.13
FSREX:
10.00
PRFRX:
56.88
FSREX:
0.77%
PRFRX:
0.15%
FSREX:
4.06%
PRFRX:
2.54%
FSREX:
-32.02%
PRFRX:
-20.05%
FSREX:
-3.45%
PRFRX:
-0.32%
Returns By Period
The year-to-date returns for both investments are quite close, with FSREX having a 7.32% return and PRFRX slightly higher at 7.44%. Both investments have delivered pretty close results over the past 10 years, with FSREX having a 4.48% annualized return and PRFRX not far ahead at 4.60%.
FSREX
7.32%
-2.20%
2.25%
7.66%
2.73%
4.48%
PRFRX
7.44%
-0.11%
3.78%
8.38%
5.06%
4.60%
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FSREX vs. PRFRX - Expense Ratio Comparison
FSREX has a 0.00% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
FSREX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and T. Rowe Price Floating Rate Fund (PRFRX). 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. PRFRX - Dividend Comparison
FSREX's dividend yield for the trailing twelve months is around 3.87%, less than PRFRX's 7.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSREX Fidelity Series Real Estate Income Fund | 3.87% | 7.43% | 6.58% | 2.82% | 5.62% | 5.53% | 5.69% | 5.53% | 4.89% | 9.37% | 9.40% | 8.54% |
PRFRX T. Rowe Price Floating Rate Fund | 7.67% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
Drawdowns
FSREX vs. PRFRX - Drawdown Comparison
The maximum FSREX drawdown since its inception was -32.02%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FSREX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
FSREX vs. PRFRX - Volatility Comparison
Fidelity Series Real Estate Income Fund (FSREX) has a higher volatility of 2.45% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.24%. This indicates that FSREX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.