FSREX vs. TAREX
Compare and contrast key facts about Fidelity Series Real Estate Income Fund (FSREX) and Third Avenue Real Estate Value Fund (TAREX).
FSREX is managed by Fidelity. It was launched on Oct 20, 2011. TAREX is managed by Third Avenue. It was launched on Sep 16, 1998.
Performance
FSREX vs. TAREX - Performance Comparison
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FSREX vs. TAREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSREX Fidelity Series Real Estate Income Fund | -0.40% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
TAREX Third Avenue Real Estate Value Fund | -11.96% | 12.52% | 13.54% | 23.48% | -26.53% | 30.69% | -8.23% | 21.09% | -19.98% | 16.10% |
Returns By Period
In the year-to-date period, FSREX achieves a -0.40% return, which is significantly higher than TAREX's -11.96% return. Over the past 10 years, FSREX has outperformed TAREX with an annualized return of 5.43%, while TAREX has yielded a comparatively lower 3.93% annualized return.
FSREX
- 1D
- 0.30%
- 1M
- -1.67%
- YTD
- -0.40%
- 6M
- 0.75%
- 1Y
- 5.99%
- 3Y*
- 8.33%
- 5Y*
- 4.61%
- 10Y*
- 5.43%
TAREX
- 1D
- 0.18%
- 1M
- -13.71%
- YTD
- -11.96%
- 6M
- -13.39%
- 1Y
- -1.20%
- 3Y*
- 10.84%
- 5Y*
- 3.79%
- 10Y*
- 3.93%
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FSREX vs. TAREX - Expense Ratio Comparison
FSREX has a 0.00% expense ratio, which is lower than TAREX's 1.15% expense ratio.
Return for Risk
FSREX vs. TAREX — Risk / Return Rank
FSREX
TAREX
FSREX vs. TAREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Real Estate Income Fund (FSREX) and Third Avenue Real Estate Value Fund (TAREX). 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.
| FSREX | TAREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | -0.07 | +2.03 |
Sortino ratioReturn per unit of downside risk | 2.70 | 0.02 | +2.68 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.00 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | -0.14 | +2.28 |
Martin ratioReturn relative to average drawdown | 10.21 | -0.51 | +10.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSREX | TAREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | -0.07 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.21 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.21 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.46 | +0.48 |
Correlation
The correlation between FSREX and TAREX is 0.63, 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.
Dividends
FSREX vs. TAREX - Dividend Comparison
FSREX's dividend yield for the trailing twelve months is around 5.69%, less than TAREX's 6.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSREX Fidelity Series Real Estate Income Fund | 5.69% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
TAREX Third Avenue Real Estate Value Fund | 6.45% | 5.68% | 6.59% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 1.06% | 1.80% | 5.60% |
Drawdowns
FSREX vs. TAREX - Drawdown Comparison
The maximum FSREX drawdown since its inception was -32.02%, smaller than the maximum TAREX drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FSREX and TAREX.
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Drawdown Indicators
| FSREX | TAREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.02% | -67.68% | +35.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -15.81% | +12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -15.22% | -31.89% | +16.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.02% | -44.73% | +12.71% |
Current DrawdownCurrent decline from peak | -1.76% | -15.66% | +13.90% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -11.19% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 4.31% | -3.70% |
Volatility
FSREX vs. TAREX - Volatility Comparison
The current volatility for Fidelity Series Real Estate Income Fund (FSREX) is 1.06%, while Third Avenue Real Estate Value Fund (TAREX) has a volatility of 5.34%. This indicates that FSREX experiences smaller price fluctuations and is considered to be less risky than TAREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSREX | TAREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 5.34% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 10.58% | -8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 17.38% | -14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 18.21% | -13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 18.67% | -10.78% |