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.
Performance
FSRNX vs. FSREX - Performance Comparison
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FSRNX vs. FSREX - 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% |
FSREX Fidelity Series Real Estate Income Fund | -0.40% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
Returns By Period
In the year-to-date period, FSRNX achieves a -0.56% return, which is significantly lower than FSREX's -0.40% return. Over the past 10 years, FSRNX has underperformed FSREX with an annualized return of 3.12%, while FSREX has yielded a comparatively higher 5.43% 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%
FSREX
- 1D
- 0.30%
- 1M
- -1.67%
- YTD
- -0.40%
- 6M
- 0.75%
- 1Y
- 5.99%
- 3Y*
- 8.33%
- 5Y*
- 4.61%
- 10Y*
- 5.43%
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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%.
Return for Risk
FSRNX vs. FSREX — Risk / Return Rank
FSRNX
FSREX
FSRNX vs. FSREX - Risk-Adjusted Trends 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.
| FSRNX | FSREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 1.96 | -1.90 |
Sortino ratioReturn per unit of downside risk | 0.19 | 2.70 | -2.51 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.41 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.14 | -2.08 |
Martin ratioReturn relative to average drawdown | 0.24 | 10.21 | -9.97 |
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 | FSREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.96 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.97 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.69 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.94 | -0.62 |
Correlation
The correlation between FSRNX and FSREX is 0.75, 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. FSREX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.79%, less than FSREX's 5.69% 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% |
FSREX Fidelity Series Real Estate Income Fund | 5.69% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
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.
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Drawdown Indicators
| FSRNX | FSREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -32.02% | -12.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -2.90% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -15.22% | -19.05% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -32.02% | -12.24% |
Current DrawdownCurrent decline from peak | -11.07% | -1.76% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -2.57% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.61% | +2.57% |
Volatility
FSRNX vs. FSREX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.21% compared to Fidelity Series Real Estate Income Fund (FSREX) at 1.06%. 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.
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Volatility by Period
| FSRNX | FSREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 1.06% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 1.67% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 3.02% | +13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 4.80% | +14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 7.89% | +13.52% |