FSRNX vs. FPRO
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment ETF (FPRO).
FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011. FPRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or FPRO.
Performance
FSRNX vs. FPRO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FSRNX having a 10.56% return and FPRO slightly higher at 11.05%.
FSRNX
10.56%
-0.75%
15.84%
24.84%
2.84%
4.95%
FPRO
11.05%
-0.37%
16.88%
23.21%
N/A
N/A
Key characteristics
| FSRNX | FPRO | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.46 |
| Sortino Ratio | 2.10 | 2.06 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.90 | 0.89 |
| Martin Ratio | 5.39 | 4.93 |
| Ulcer Index | 4.46% | 4.61% |
| Daily Std Dev | 16.18% | 15.51% |
| Max Drawdown | -44.26% | -32.80% |
| Current Drawdown | -8.60% | -7.63% |
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FSRNX vs. FPRO - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than FPRO's 0.59% expense ratio.
Correlation
The correlation between FSRNX and FPRO is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FSRNX vs. FPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment ETF (FPRO). 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
FSRNX vs. FPRO - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.65%, more than FPRO's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.65% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
FPRO Fidelity Real Estate Investment ETF | 2.40% | 2.83% | 2.67% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSRNX vs. FPRO - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than FPRO's maximum drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for FSRNX and FPRO. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. FPRO - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment ETF (FPRO) have volatilities of 4.71% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.