FSRNX vs. FZIPX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Fidelity ZERO Extended Market Index Fund (FZIPX).
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. FZIPX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or FZIPX.
Performance
FSRNX vs. FZIPX - Performance Comparison
Returns By Period
In the year-to-date period, FSRNX achieves a 10.56% return, which is significantly lower than FZIPX's 16.41% return.
FSRNX
10.56%
-0.75%
15.84%
24.84%
2.84%
4.95%
FZIPX
16.41%
3.56%
11.49%
31.39%
10.69%
N/A
Key characteristics
| FSRNX | FZIPX | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.68 |
| Sortino Ratio | 2.10 | 2.42 |
| Omega Ratio | 1.26 | 1.30 |
| Calmar Ratio | 0.90 | 1.63 |
| Martin Ratio | 5.39 | 9.06 |
| Ulcer Index | 4.46% | 3.33% |
| Daily Std Dev | 16.18% | 17.97% |
| Max Drawdown | -44.26% | -42.71% |
| Current Drawdown | -8.60% | -2.99% |
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FSRNX vs. FZIPX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is higher than FZIPX'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%.
Correlation
The correlation between FSRNX and FZIPX is 0.68, 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.
Risk-Adjusted Performance
FSRNX vs. FZIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Fidelity ZERO Extended Market Index Fund (FZIPX). 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. FZIPX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.65%, more than FZIPX's 1.23% 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% |
FZIPX Fidelity ZERO Extended Market Index Fund | 1.23% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSRNX vs. FZIPX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, roughly equal to the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for FSRNX and FZIPX. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. FZIPX - Volatility Comparison
The current volatility for Fidelity Real Estate Index Fund (FSRNX) is 4.71%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 5.89%. This indicates that FSRNX experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.