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.
Performance
FSREX vs. PRFRX - Performance Comparison
Returns By Period
In the year-to-date period, FSREX achieves a 9.73% return, which is significantly higher than PRFRX's 7.56% return. Over the past 10 years, FSREX has outperformed PRFRX with an annualized return of 4.98%, while PRFRX has yielded a comparatively lower 4.50% annualized return.
FSREX
9.73%
-0.20%
5.87%
14.74%
3.33%
4.98%
PRFRX
7.56%
0.98%
4.46%
10.23%
5.34%
4.50%
Key characteristics
| FSREX | PRFRX | |
|---|---|---|
| Sharpe Ratio | 4.24 | 3.89 |
| Sortino Ratio | 6.65 | 12.60 |
| Omega Ratio | 1.91 | 4.25 |
| Calmar Ratio | 1.27 | 13.59 |
| Martin Ratio | 31.48 | 72.02 |
| Ulcer Index | 0.47% | 0.14% |
| Daily Std Dev | 3.47% | 2.63% |
| Max Drawdown | -32.02% | -20.05% |
| Current Drawdown | -0.99% | 0.00% |
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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.
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.
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 6.28%, less than PRFRX's 8.38% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 8.38% | 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 0.96% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.68%. 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.