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FSRNX vs. FREL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSRNX and FREL is 0.60, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

FSRNX vs. FREL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Real Estate Index Fund (FSRNX) and Fidelity MSCI Real Estate Index ETF (FREL). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
30.98%
58.36%
FSRNX
FREL

Key characteristics

Sharpe Ratio

FSRNX:

0.78

FREL:

0.79

Sortino Ratio

FSRNX:

1.16

FREL:

1.17

Omega Ratio

FSRNX:

1.15

FREL:

1.16

Calmar Ratio

FSRNX:

0.57

FREL:

0.57

Martin Ratio

FSRNX:

2.65

FREL:

2.65

Ulcer Index

FSRNX:

5.37%

FREL:

5.38%

Daily Std Dev

FSRNX:

18.19%

FREL:

18.15%

Max Drawdown

FSRNX:

-44.26%

FREL:

-42.61%

Current Drawdown

FSRNX:

-13.58%

FREL:

-13.74%

Returns By Period

The year-to-date returns for both investments are quite close, with FSRNX having a -0.43% return and FREL slightly higher at -0.41%. Over the past 10 years, FSRNX has underperformed FREL with an annualized return of 3.61%, while FREL has yielded a comparatively higher 5.42% annualized return.


FSRNX

YTD

-0.43%

1M

-1.96%

6M

-5.89%

1Y

12.98%

5Y*

6.97%

10Y*

3.61%

FREL

YTD

-0.41%

1M

-1.99%

6M

-5.97%

1Y

13.06%

5Y*

6.93%

10Y*

5.42%

*Annualized

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FSRNX vs. FREL - Expense Ratio Comparison

FSRNX has a 0.07% expense ratio, which is lower than FREL's 0.08% 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%.


Expense ratio chart for FREL: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FREL: 0.08%
Expense ratio chart for FSRNX: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FSRNX: 0.07%

Risk-Adjusted Performance

FSRNX vs. FREL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSRNX
The Risk-Adjusted Performance Rank of FSRNX is 6868
Overall Rank
The Sharpe Ratio Rank of FSRNX is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of FSRNX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of FSRNX is 6868
Omega Ratio Rank
The Calmar Ratio Rank of FSRNX is 6868
Calmar Ratio Rank
The Martin Ratio Rank of FSRNX is 6666
Martin Ratio Rank

FREL
The Risk-Adjusted Performance Rank of FREL is 7171
Overall Rank
The Sharpe Ratio Rank of FREL is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of FREL is 7373
Sortino Ratio Rank
The Omega Ratio Rank of FREL is 7171
Omega Ratio Rank
The Calmar Ratio Rank of FREL is 6767
Calmar Ratio Rank
The Martin Ratio Rank of FREL is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSRNX vs. FREL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Fidelity MSCI Real Estate Index ETF (FREL). 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.


The chart of Sharpe ratio for FSRNX, currently valued at 0.78, compared to the broader market-1.000.001.002.003.00
FSRNX: 0.78
FREL: 0.79
The chart of Sortino ratio for FSRNX, currently valued at 1.16, compared to the broader market-2.000.002.004.006.008.00
FSRNX: 1.16
FREL: 1.17
The chart of Omega ratio for FSRNX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.00
FSRNX: 1.15
FREL: 1.16
The chart of Calmar ratio for FSRNX, currently valued at 0.57, compared to the broader market0.002.004.006.008.0010.00
FSRNX: 0.57
FREL: 0.57
The chart of Martin ratio for FSRNX, currently valued at 2.65, compared to the broader market0.0010.0020.0030.0040.00
FSRNX: 2.65
FREL: 2.65

The current FSRNX Sharpe Ratio is 0.78, which is comparable to the FREL Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of FSRNX and FREL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.78
0.79
FSRNX
FREL

Dividends

FSRNX vs. FREL - Dividend Comparison

FSRNX's dividend yield for the trailing twelve months is around 2.87%, less than FREL's 3.55% yield.


TTM20242023202220212020201920182017201620152014
FSRNX
Fidelity Real Estate Index Fund
2.87%2.86%2.84%2.66%1.25%3.33%3.18%3.73%2.27%2.58%2.57%4.18%
FREL
Fidelity MSCI Real Estate Index ETF
3.55%3.48%3.73%3.57%2.34%3.77%3.32%5.54%3.27%4.01%3.80%0.00%

Drawdowns

FSRNX vs. FREL - Drawdown Comparison

The maximum FSRNX drawdown since its inception was -44.26%, roughly equal to the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FSRNX and FREL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-13.58%
-13.74%
FSRNX
FREL

Volatility

FSRNX vs. FREL - Volatility Comparison

Fidelity Real Estate Index Fund (FSRNX) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 10.48% and 10.51%, 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.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.48%
10.51%
FSRNX
FREL