FSRNX vs. FRIFX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Fidelity Real Estate Income Fund (FRIFX).
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. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Performance
FSRNX vs. FRIFX - Performance Comparison
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FSRNX vs. FRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 0.93% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
FRIFX Fidelity Real Estate Income Fund | 0.41% | 7.16% | 7.93% | 9.32% | -14.54% | 18.90% | -1.09% | 17.92% | -1.80% | 6.20% |
Returns By Period
In the year-to-date period, FSRNX achieves a 0.93% return, which is significantly higher than FRIFX's 0.41% return. Over the past 10 years, FSRNX has underperformed FRIFX with an annualized return of 3.28%, while FRIFX has yielded a comparatively higher 5.31% annualized return.
FSRNX
- 1D
- 1.49%
- 1M
- -6.70%
- YTD
- 0.93%
- 6M
- -1.62%
- 1Y
- 1.35%
- 3Y*
- 6.26%
- 5Y*
- 2.69%
- 10Y*
- 3.28%
FRIFX
- 1D
- 0.41%
- 1M
- -2.62%
- YTD
- 0.41%
- 6M
- 1.17%
- 1Y
- 4.70%
- 3Y*
- 7.54%
- 5Y*
- 3.80%
- 10Y*
- 5.31%
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FSRNX vs. FRIFX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than FRIFX's 0.71% expense ratio.
Return for Risk
FSRNX vs. FRIFX — Risk / Return Rank
FSRNX
FRIFX
FSRNX vs. FRIFX - 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 Income Fund (FRIFX). 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 | FRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 0.97 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.30 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.14 | -0.95 |
Martin ratioReturn relative to average drawdown | 0.75 | 4.83 | -4.09 |
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 | FRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.97 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.59 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.56 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.72 | -0.39 |
Correlation
The correlation between FSRNX and FRIFX is 0.90, 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. FRIFX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.75%, less than FRIFX's 4.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.75% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
FRIFX Fidelity Real Estate Income Fund | 4.67% | 4.69% | 4.65% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 5.08% | 4.40% | 4.98% | 3.65% |
Drawdowns
FSRNX vs. FRIFX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than FRIFX's maximum drawdown of -38.27%. Use the drawdown chart below to compare losses from any high point for FSRNX and FRIFX.
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Drawdown Indicators
| FSRNX | FRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -38.27% | -5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -4.34% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -18.12% | -16.15% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -34.50% | -9.76% |
Current DrawdownCurrent decline from peak | -9.74% | -2.70% | -7.04% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -4.29% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.03% | +2.18% |
Volatility
FSRNX vs. FRIFX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.58% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.69%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | FRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 1.69% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 2.93% | +6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 4.96% | +11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 6.50% | +12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 9.47% | +11.94% |