FSRNX vs. LAES
FSRNX (Fidelity Real Estate Index Fund) is REIT fund tracking the MSCI US IMI Real Estate 25/25 Index, while LAES (SEALSQ Corp) is a stock. Over the past 3 years, FSRNX returned 10.66%/yr vs -40.74%/yr for LAES. At a 0.12 correlation, their price movements are largely independent.
Performance
FSRNX vs. LAES - Performance Comparison
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Returns By Period
In the year-to-date period, FSRNX achieves a 9.98% return, which is significantly higher than LAES's -11.64% return.
FSRNX
- 1D
- 0.97%
- 1M
- -0.16%
- YTD
- 9.98%
- 6M
- 10.39%
- 1Y
- 9.86%
- 3Y*
- 10.66%
- 5Y*
- 2.47%
- 10Y*
- 4.09%
LAES
- 1D
- 7.74%
- 1M
- -1.18%
- YTD
- -11.64%
- 6M
- -19.71%
- 1Y
- -7.61%
- 3Y*
- -40.74%
- 5Y*
- —
- 10Y*
- —
FSRNX vs. LAES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 9.98% | 3.03% | 4.99% | 13.97% |
LAES SEALSQ Corp | -11.64% | -38.54% | 380.47% | -92.82% |
Correlation
The correlation between FSRNX and LAES is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.12 |
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Return for Risk
FSRNX vs. LAES — Risk / Return Rank
FSRNX
LAES
FSRNX vs. LAES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and SEALSQ Corp (LAES). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSRNX | LAES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.11 | +1.46 |
| Martin ratioReturn relative to average drawdown | 4.25 | -0.17 | +4.42 |
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Drawdowns
FSRNX vs. LAES - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum LAES drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for FSRNX and LAES.
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Drawdown Indicators
| FSRNX | LAES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -98.44% | +54.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -72.68% | +64.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -97.87% | +80.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -84.80% | +82.69% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -84.60% | +74.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 44.47% | -41.78% |
Volatility
FSRNX vs. LAES - Volatility Comparison
The current volatility for Fidelity Real Estate Index Fund (FSRNX) is 4.99%, while SEALSQ Corp (LAES) has a volatility of 26.98%. This indicates that FSRNX experiences smaller price fluctuations and is considered to be less risky than LAES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | LAES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 26.98% | -21.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 65.56% | -55.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 109.54% | -95.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 169.84% | -150.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 169.84% | -148.40% |
Dividends
FSRNX vs. LAES - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.69%, while LAES has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.69% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
LAES SEALSQ Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSRNX and LAES have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAES has higher volatility (26.98%) compared to FSRNX (4.99%). In terms of maximum drawdown, FSRNX dropped -44.26% vs LAES's -98.44%.
FSRNX currently has the higher Sharpe Ratio (0.83 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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