FSRNX vs. FRESX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment Portfolio (FRESX).
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. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Performance
FSRNX vs. FRESX - Performance Comparison
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FSRNX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | -0.56% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
FRESX Fidelity Real Estate Investment Portfolio | 1.88% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Returns By Period
In the year-to-date period, FSRNX achieves a -0.56% return, which is significantly lower than FRESX's 1.88% return. Over the past 10 years, FSRNX has underperformed FRESX with an annualized return of 3.12%, while FRESX has yielded a comparatively higher 4.41% annualized return.
FSRNX
- 1D
- 0.44%
- 1M
- -7.86%
- YTD
- -0.56%
- 6M
- -3.07%
- 1Y
- -0.02%
- 3Y*
- 5.74%
- 5Y*
- 2.79%
- 10Y*
- 3.12%
FRESX
- 1D
- 0.31%
- 1M
- -7.31%
- YTD
- 1.88%
- 6M
- 1.01%
- 1Y
- 1.06%
- 3Y*
- 5.93%
- 5Y*
- 4.14%
- 10Y*
- 4.41%
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FSRNX vs. FRESX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than FRESX's 0.71% expense ratio.
Return for Risk
FSRNX vs. FRESX — Risk / Return Rank
FSRNX
FRESX
FSRNX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment Portfolio (FRESX). 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.
| FSRNX | FRESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.12 | -0.06 |
Sortino ratioReturn per unit of downside risk | 0.19 | 0.28 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.16 | -0.10 |
Martin ratioReturn relative to average drawdown | 0.24 | 0.62 | -0.38 |
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
| FSRNX | FRESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.12 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.22 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.22 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.38 | -0.06 |
Correlation
The correlation between FSRNX and FRESX is 0.99, 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.
Dividends
FSRNX vs. FRESX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.79%, less than FRESX's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.79% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
FRESX Fidelity Real Estate Investment Portfolio | 4.55% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
Drawdowns
FSRNX vs. FRESX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for FSRNX and FRESX.
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Drawdown Indicators
| FSRNX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -76.34% | +32.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -12.24% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -32.13% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -40.93% | -3.33% |
Current DrawdownCurrent decline from peak | -11.07% | -7.49% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -11.16% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.13% | +0.05% |
Volatility
FSRNX vs. FRESX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.21% compared to Fidelity Real Estate Investment Portfolio (FRESX) at 3.97%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.97% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 9.06% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 16.32% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 18.73% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 20.57% | +0.84% |