FSRNX vs. VOO
Compare and contrast key facts about Fidelity Real Estate Index Fund (FSRNX) and Vanguard S&P 500 ETF (VOO).
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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FSRNX and VOO 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 VOO.
Performance
FSRNX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, FSRNX achieves a 11.33% return, which is significantly lower than VOO's 26.16% return. Over the past 10 years, FSRNX has underperformed VOO with an annualized return of 5.01%, while VOO has yielded a comparatively higher 13.18% annualized return.
FSRNX
11.33%
-0.17%
19.18%
25.18%
2.98%
5.01%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| FSRNX | VOO | |
|---|---|---|
| Sharpe Ratio | 1.59 | 2.70 |
| Sortino Ratio | 2.22 | 3.60 |
| Omega Ratio | 1.28 | 1.50 |
| Calmar Ratio | 0.97 | 3.90 |
| Martin Ratio | 5.76 | 17.65 |
| Ulcer Index | 4.47% | 1.86% |
| Daily Std Dev | 16.17% | 12.19% |
| Max Drawdown | -44.26% | -33.99% |
| Current Drawdown | -7.96% | -0.86% |
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FSRNX vs. VOO - Expense Ratio Comparison
FSRNX has a 0.07% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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 VOO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FSRNX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Index Fund (FSRNX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FSRNX's dividend yield for the trailing twelve months is around 2.63%, more than VOO's 1.24% 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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSRNX vs. VOO - Drawdown Comparison
The maximum FSRNX drawdown since its inception was -44.26%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSRNX and VOO. For additional features, visit the drawdowns tool.
Volatility
FSRNX vs. VOO - Volatility Comparison
Fidelity Real Estate Index Fund (FSRNX) has a higher volatility of 4.69% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that FSRNX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.