FZIPX vs. FSRNX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity Real Estate Index Fund (FSRNX).
FZIPX is managed by Fidelity. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZIPX or FSRNX.
Correlation
The correlation between FZIPX and FSRNX is 0.68, 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.
Performance
FZIPX vs. FSRNX - Performance Comparison
Key characteristics
FZIPX:
0.81
FSRNX:
0.30
FZIPX:
1.21
FSRNX:
0.51
FZIPX:
1.15
FSRNX:
1.06
FZIPX:
1.15
FSRNX:
0.19
FZIPX:
4.01
FSRNX:
1.02
FZIPX:
3.52%
FSRNX:
4.67%
FZIPX:
17.51%
FSRNX:
15.98%
FZIPX:
-42.71%
FSRNX:
-44.26%
FZIPX:
-8.49%
FSRNX:
-15.07%
Returns By Period
In the year-to-date period, FZIPX achieves a 11.67% return, which is significantly higher than FSRNX's 2.73% return.
FZIPX
11.67%
-4.07%
9.88%
12.32%
8.88%
N/A
FSRNX
2.73%
-7.08%
7.01%
3.85%
1.45%
3.58%
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FZIPX vs. FSRNX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than FSRNX's 0.07% 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%.
Risk-Adjusted Performance
FZIPX vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity Real Estate Index Fund (FSRNX). 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
FZIPX vs. FSRNX - Dividend Comparison
FZIPX has not paid dividends to shareholders, while FSRNX's dividend yield for the trailing twelve months is around 1.39%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 0.00% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSRNX Fidelity Real Estate Index Fund | 1.39% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
Drawdowns
FZIPX vs. FSRNX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, roughly equal to the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FZIPX and FSRNX. For additional features, visit the drawdowns tool.
Volatility
FZIPX vs. FSRNX - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) has a higher volatility of 5.90% compared to Fidelity Real Estate Index Fund (FSRNX) at 5.24%. This indicates that FZIPX's price experiences larger fluctuations and is considered to be riskier than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.