FSRNX vs. IVRSX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and VY CBRE Real Estate Portfolio (IVRSX).
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. IVRSX is managed by Voya. It was launched on Jan 24, 1989.
Performance
FSRNX vs. IVRSX - Performance Comparison
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FSRNX vs. IVRSX - 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% |
IVRSX VY CBRE Real Estate Portfolio | 3.08% | -0.01% | 4.32% | 14.11% | -27.22% | 51.91% | -6.66% | 28.15% | -10.29% | 5.20% |
Returns By Period
In the year-to-date period, FSRNX achieves a 0.93% return, which is significantly lower than IVRSX's 3.08% return. Over the past 10 years, FSRNX has underperformed IVRSX with an annualized return of 3.28%, while IVRSX has yielded a comparatively higher 4.28% 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%
IVRSX
- 1D
- 0.25%
- 1M
- -7.51%
- YTD
- 3.08%
- 6M
- 1.72%
- 1Y
- 3.14%
- 3Y*
- 5.79%
- 5Y*
- 4.24%
- 10Y*
- 4.28%
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FSRNX vs. IVRSX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than IVRSX's 0.93% expense ratio.
Return for Risk
FSRNX vs. IVRSX — Risk / Return Rank
FSRNX
IVRSX
FSRNX vs. IVRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and VY CBRE Real Estate Portfolio (IVRSX). 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 | IVRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 0.29 | -0.20 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.53 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.01 | +0.20 |
Martin ratioReturn relative to average drawdown | 0.75 | -0.02 | +0.77 |
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 | IVRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.29 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.22 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.20 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.34 | -0.02 |
Correlation
The correlation between FSRNX and IVRSX is 0.97, 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. IVRSX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.75%, less than IVRSX's 4.77% 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% |
IVRSX VY CBRE Real Estate Portfolio | 4.77% | 2.74% | 2.50% | 8.77% | 26.34% | 1.46% | 13.92% | 2.44% | 11.42% | 2.07% | 1.57% | 1.31% |
Drawdowns
FSRNX vs. IVRSX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum IVRSX drawdown of -73.77%. Use the drawdown chart below to compare losses from any high point for FSRNX and IVRSX.
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Drawdown Indicators
| FSRNX | IVRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -73.77% | +29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -12.85% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -34.51% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -45.19% | +0.93% |
Current DrawdownCurrent decline from peak | -9.74% | -10.69% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -11.97% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 4.70% | -1.49% |
Volatility
FSRNX vs. IVRSX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.58% compared to VY CBRE Real Estate Portfolio (IVRSX) at 4.23%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than IVRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | IVRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.23% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 9.13% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 17.98% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 19.65% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 21.53% | -0.12% |