FSRNX vs. GRIFX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Apollo Diversified Real Estate Fund Class I (GRIFX).
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. GRIFX is an actively managed fund by Apollo. It was launched on Jun 30, 2014.
Performance
FSRNX vs. GRIFX - Performance Comparison
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FSRNX vs. GRIFX - 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% |
GRIFX Apollo Diversified Real Estate Fund Class I | 1.48% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
Returns By Period
In the year-to-date period, FSRNX achieves a 0.93% return, which is significantly lower than GRIFX's 1.48% return. Over the past 10 years, FSRNX has underperformed GRIFX with an annualized return of 3.28%, while GRIFX has yielded a comparatively higher 4.44% 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%
GRIFX
- 1D
- 0.12%
- 1M
- -1.43%
- YTD
- 1.48%
- 6M
- 1.19%
- 1Y
- 2.70%
- 3Y*
- 1.42%
- 5Y*
- 3.78%
- 10Y*
- 4.44%
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FSRNX vs. GRIFX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Return for Risk
FSRNX vs. GRIFX — Risk / Return Rank
FSRNX
GRIFX
FSRNX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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 | GRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 0.64 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.93 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.74 | -0.54 |
Martin ratioReturn relative to average drawdown | 0.75 | 3.24 | -2.49 |
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 | GRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.64 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.68 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.96 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.01 | -0.69 |
Correlation
The correlation between FSRNX and GRIFX is 0.89, 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. GRIFX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.75%, less than GRIFX's 5.30% 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% |
GRIFX Apollo Diversified Real Estate Fund Class I | 5.30% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Drawdowns
FSRNX vs. GRIFX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FSRNX and GRIFX.
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Drawdown Indicators
| FSRNX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -14.29% | -29.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -3.61% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -14.29% | -19.98% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -14.29% | -29.97% |
Current DrawdownCurrent decline from peak | -9.74% | -4.25% | -5.49% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -3.38% | -6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 0.82% | +2.39% |
Volatility
FSRNX vs. GRIFX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.58% compared to Apollo Diversified Real Estate Fund Class I (GRIFX) at 0.83%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than GRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 0.83% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 2.47% | +6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 4.59% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 5.56% | +13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 4.62% | +16.79% |