FSRNX vs. NURE
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Nuveen Short-Term REIT ETF (NURE).
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. NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. Both FSRNX and NURE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FSRNX vs. NURE - Performance Comparison
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FSRNX vs. NURE - 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% |
NURE Nuveen Short-Term REIT ETF | -1.45% | -7.51% | 6.65% | 13.09% | -28.48% | 53.41% | -7.24% | 25.10% | 0.02% | 8.41% |
Returns By Period
In the year-to-date period, FSRNX achieves a 0.93% return, which is significantly higher than NURE's -1.45% 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%
NURE
- 1D
- 0.68%
- 1M
- -6.52%
- YTD
- -1.45%
- 6M
- -2.20%
- 1Y
- -8.09%
- 3Y*
- 1.36%
- 5Y*
- 1.17%
- 10Y*
- —
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FSRNX vs. NURE - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than NURE's 0.35% expense ratio.
Return for Risk
FSRNX vs. NURE — Risk / Return Rank
FSRNX
NURE
FSRNX vs. NURE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Nuveen Short-Term REIT ETF (NURE). 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 | NURE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | -0.42 | +0.51 |
Sortino ratioReturn per unit of downside risk | 0.24 | -0.48 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.94 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.58 | +0.77 |
Martin ratioReturn relative to average drawdown | 0.75 | -1.25 | +1.99 |
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 | NURE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.42 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.06 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.21 | +0.11 |
Correlation
The correlation between FSRNX and NURE is 0.86, 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. NURE - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.75%, less than NURE's 5.04% 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% |
NURE Nuveen Short-Term REIT ETF | 5.04% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% | 0.00% |
Drawdowns
FSRNX vs. NURE - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, roughly equal to the maximum NURE drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for FSRNX and NURE.
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Drawdown Indicators
| FSRNX | NURE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -46.05% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -14.10% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -35.98% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | — | — |
Current DrawdownCurrent decline from peak | -9.74% | -22.30% | +12.56% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -12.23% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 6.54% | -3.33% |
Volatility
FSRNX vs. NURE - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) and Nuveen Short-Term REIT ETF (NURE) have volatilities of 4.58% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | NURE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.67% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 10.92% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 19.41% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 19.58% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 21.89% | -0.48% |