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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or FRESX.
Performance
FSRNX vs. FRESX - Performance Comparison
Returns By Period
In the year-to-date period, FSRNX achieves a 10.56% return, which is significantly lower than FRESX's 11.17% return. Over the past 10 years, FSRNX has underperformed FRESX with an annualized return of 4.95%, while FRESX has yielded a comparatively higher 6.12% annualized return.
FSRNX
10.56%
-0.75%
15.84%
24.84%
2.84%
4.95%
FRESX
11.17%
-0.29%
16.90%
23.33%
4.25%
6.12%
Key characteristics
| FSRNX | FRESX | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.44 |
| Sortino Ratio | 2.10 | 2.03 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.90 | 0.91 |
| Martin Ratio | 5.39 | 4.88 |
| Ulcer Index | 4.46% | 4.66% |
| Daily Std Dev | 16.18% | 15.75% |
| Max Drawdown | -44.26% | -75.98% |
| Current Drawdown | -8.60% | -6.82% |
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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.
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.
Risk-Adjusted Performance
FSRNX vs. FRESX - 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 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.
Dividends
FSRNX vs. FRESX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.65%, more than FRESX's 2.01% 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% |
FRESX Fidelity Real Estate Investment Portfolio | 2.01% | 2.31% | 1.71% | 0.78% | 2.93% | 2.36% | 2.57% | 1.80% | 1.73% | 5.54% | 1.66% | 3.08% |
Drawdowns
FSRNX vs. FRESX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum FRESX drawdown of -75.98%. Use the drawdown chart below to compare losses from any high point for FSRNX and FRESX. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. FRESX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 4.71% and 4.64%, 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.