FSRNX vs. FSREX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Fidelity Series Real Estate Income Fund (FSREX).
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. FSREX is managed by Fidelity. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or FSREX.
Correlation
The correlation between FSRNX and FSREX is 0.53, 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.
Performance
FSRNX vs. FSREX - Performance Comparison
Key characteristics
FSRNX:
0.69
FSREX:
2.64
FSRNX:
1.04
FSREX:
3.83
FSRNX:
1.14
FSREX:
1.52
FSRNX:
0.50
FSREX:
1.66
FSRNX:
2.35
FSREX:
14.62
FSRNX:
5.30%
FSREX:
0.68%
FSRNX:
18.19%
FSREX:
3.79%
FSRNX:
-44.26%
FSREX:
-32.02%
FSRNX:
-14.55%
FSREX:
-0.60%
Returns By Period
In the year-to-date period, FSRNX achieves a -1.55% return, which is significantly lower than FSREX's 2.05% return. Over the past 10 years, FSRNX has underperformed FSREX with an annualized return of 3.21%, while FSREX has yielded a comparatively higher 4.45% annualized return.
FSRNX
-1.55%
-3.53%
-7.42%
12.95%
8.04%
3.21%
FSREX
2.05%
-0.20%
1.87%
10.44%
8.56%
4.45%
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FSRNX vs. FSREX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is higher than FSREX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSRNX vs. FSREX — Risk-Adjusted Performance Rank
FSRNX
FSREX
FSRNX vs. FSREX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Fidelity Series Real Estate Income Fund (FSREX). 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. FSREX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.90%, less than FSREX's 5.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.90% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% |
FSREX Fidelity Series Real Estate Income Fund | 5.94% | 6.05% | 7.43% | 6.58% | 2.82% | 5.62% | 5.53% | 5.69% | 5.53% | 4.89% | 9.37% | 9.40% |
Drawdowns
FSRNX vs. FSREX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for FSRNX and FSREX. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. FSREX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 10.44% compared to Fidelity Series Real Estate Income Fund (FSREX) at 2.01%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than FSREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.