FSRNX vs. PMZIX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX).
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. PMZIX is managed by PIMCO. It was launched on Oct 21, 2012.
Performance
FSRNX vs. PMZIX - Performance Comparison
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FSRNX vs. PMZIX - 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% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | -0.10% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
Returns By Period
In the year-to-date period, FSRNX achieves a 0.93% return, which is significantly higher than PMZIX's -0.10% return. Over the past 10 years, FSRNX has underperformed PMZIX with an annualized return of 3.28%, while PMZIX has yielded a comparatively higher 3.61% 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%
PMZIX
- 1D
- 0.21%
- 1M
- -1.48%
- YTD
- -0.10%
- 6M
- 1.43%
- 1Y
- 5.09%
- 3Y*
- 6.38%
- 5Y*
- 2.84%
- 10Y*
- 3.61%
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FSRNX vs. PMZIX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than PMZIX's 0.60% expense ratio.
Return for Risk
FSRNX vs. PMZIX — Risk / Return Rank
FSRNX
PMZIX
FSRNX vs. PMZIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX). 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 | PMZIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 1.50 | -1.41 |
Sortino ratioReturn per unit of downside risk | 0.24 | 2.35 | -2.12 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.54 | -2.35 |
Martin ratioReturn relative to average drawdown | 0.75 | 8.92 | -8.17 |
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 | PMZIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.50 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.75 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 1.13 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.23 | -0.91 |
Correlation
The correlation between FSRNX and PMZIX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FSRNX vs. PMZIX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.75%, less than PMZIX's 5.18% 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% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.18% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
Drawdowns
FSRNX vs. PMZIX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than PMZIX's maximum drawdown of -10.44%. Use the drawdown chart below to compare losses from any high point for FSRNX and PMZIX.
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Drawdown Indicators
| FSRNX | PMZIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -10.44% | -33.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -2.42% | -10.03% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -10.44% | -23.83% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -10.44% | -33.82% |
Current DrawdownCurrent decline from peak | -9.74% | -1.68% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -1.19% | -8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 0.69% | +2.52% |
Volatility
FSRNX vs. PMZIX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.58% compared to PIMCO Mortgage Opportunities and Bond Fund (PMZIX) at 1.29%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than PMZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRNX | PMZIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 1.29% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 2.13% | +7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 3.61% | +12.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 3.79% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 3.19% | +18.22% |