FSRNX vs. VGSLX
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Vanguard Real Estate Index Fund Admiral Shares (VGSLX).
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. VGSLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or VGSLX.
Performance
FSRNX vs. VGSLX - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FSRNX at 11.33% and VGSLX at 11.33%. Over the past 10 years, FSRNX has underperformed VGSLX with an annualized return of 5.01%, while VGSLX has yielded a comparatively higher 6.02% annualized return.
FSRNX
11.33%
-0.17%
19.18%
25.18%
2.98%
5.01%
VGSLX
11.33%
-0.23%
19.16%
25.14%
4.72%
6.02%
Key characteristics
| FSRNX | VGSLX | |
|---|---|---|
| Sharpe Ratio | 1.59 | 1.58 |
| Sortino Ratio | 2.22 | 2.21 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 0.97 | 0.97 |
| Martin Ratio | 5.76 | 5.74 |
| Ulcer Index | 4.47% | 4.48% |
| Daily Std Dev | 16.17% | 16.23% |
| Max Drawdown | -44.26% | -74.07% |
| Current Drawdown | -7.96% | -8.16% |
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FSRNX vs. VGSLX - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than VGSLX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FSRNX and VGSLX is 0.99, 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.
Risk-Adjusted Performance
FSRNX vs. VGSLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Vanguard Real Estate Index Fund Admiral Shares (VGSLX). 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.
Dividends
FSRNX vs. VGSLX - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.63%, less than VGSLX's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.63% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.82% | 3.96% | 3.91% | 2.56% | 3.92% | 3.39% | 4.73% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
FSRNX vs. VGSLX - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum VGSLX drawdown of -74.07%. Use the drawdown chart below to compare losses from any high point for FSRNX and VGSLX. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. VGSLX - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) and Vanguard Real Estate Index Fund Admiral Shares (VGSLX) have volatilities of 4.69% and 4.73%, 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.