FSRNX vs. CLF.TO
FSRNX (Fidelity Real Estate Index Fund) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - FSRNX is a REIT fund tracking the MSCI US IMI Real Estate 25/25 Index, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, FSRNX returned 4.32%/yr vs 0.74%/yr for CLF.TO. At a 0.05 correlation, their price movements are largely independent. FSRNX charges 0.07%/yr vs 0.17%/yr for CLF.TO.
Performance
FSRNX vs. CLF.TO - Performance Comparison
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Different Trading Currencies
FSRNX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSRNX achieves a 11.22% return, which is significantly higher than CLF.TO's -1.01% return. Over the past 10 years, FSRNX has outperformed CLF.TO with an annualized return of 4.32%, while CLF.TO has yielded a comparatively lower 0.74% annualized return.
FSRNX
- 1D
- -0.06%
- 1M
- 4.13%
- YTD
- 11.22%
- 6M
- 11.06%
- 1Y
- 12.75%
- 3Y*
- 9.93%
- 5Y*
- 2.32%
- 10Y*
- 4.32%
CLF.TO
- 1D
- -0.24%
- 1M
- -0.92%
- YTD
- -1.01%
- 6M
- -0.23%
- 1Y
- 0.03%
- 3Y*
- 2.85%
- 5Y*
- -1.15%
- 10Y*
- 0.74%
FSRNX vs. CLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 11.22% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | -1.01% | 8.31% | -3.36% | 7.12% | -9.71% | -1.22% | 7.37% | 6.88% | -6.20% | 6.74% |
Correlation
The correlation between FSRNX and CLF.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.05 |
The correlation between FSRNX and CLF.TO shifts across timeframes, from 0.05 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSRNX vs. CLF.TO — Risk / Return Rank
FSRNX
CLF.TO
FSRNX vs. CLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSRNX | CLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.16 | +1.28 |
| Martin ratioReturn relative to average drawdown | 4.57 | 0.38 | +4.19 |
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Drawdowns
FSRNX vs. CLF.TO - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than CLF.TO's maximum drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for FSRNX and CLF.TO.
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Drawdown Indicators
| FSRNX | CLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -27.88% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -3.33% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -7.33% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -17.09% | -17.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -18.06% | -26.20% |
Current DrawdownCurrent decline from peak | -0.53% | -11.56% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -12.27% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.44% | +1.24% |
Volatility
FSRNX vs. CLF.TO - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.75% compared to iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) at 1.13%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | CLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 1.13% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 3.63% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 4.78% | +8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 7.02% | +11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 7.41% | +14.00% |
FSRNX vs. CLF.TO - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than CLF.TO's 0.17% 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%.
Dividends
FSRNX vs. CLF.TO - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.66%, more than CLF.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% |
FSRNX Fidelity Real Estate Index Fund | 2.66% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
Frequently Asked Questions
FSRNX and CLF.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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