FSRNX vs. VNQ
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Vanguard Real Estate ETF (VNQ).
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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both FSRNX and VNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRNX or VNQ.
Performance
FSRNX vs. VNQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSRNX having a 11.33% return and VNQ slightly lower at 11.31%. Over the past 10 years, FSRNX has underperformed VNQ with an annualized return of 5.01%, while VNQ has yielded a comparatively higher 6.05% annualized return.
FSRNX
11.33%
-0.17%
19.18%
25.18%
2.98%
5.01%
VNQ
11.31%
-0.23%
19.22%
25.20%
4.76%
6.05%
Key characteristics
| FSRNX | VNQ | |
|---|---|---|
| Sharpe Ratio | 1.59 | 1.59 |
| Sortino Ratio | 2.22 | 2.22 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 0.97 | 0.97 |
| Martin Ratio | 5.76 | 5.73 |
| Ulcer Index | 4.47% | 4.51% |
| Daily Std Dev | 16.17% | 16.22% |
| Max Drawdown | -44.26% | -73.07% |
| Current Drawdown | -7.96% | -8.18% |
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FSRNX vs. VNQ - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is lower than VNQ'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 VNQ 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. VNQ - 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 ETF (VNQ). 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. VNQ - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.63%, less than VNQ'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% |
VNQ Vanguard Real Estate ETF | 3.82% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
FSRNX vs. VNQ - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FSRNX and VNQ. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. VNQ - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) and Vanguard Real Estate ETF (VNQ) have volatilities of 4.69% and 4.77%, 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.