Correlation
The correlation between GMRE and FSKAX is 0.38, 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.
GMRE vs. FSKAX
Compare and contrast key facts about Global Medical REIT Inc. (GMRE) and Fidelity Total Market Index Fund (FSKAX).
FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMRE or FSKAX.
Performance
GMRE vs. FSKAX - Performance Comparison
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Key characteristics
GMRE:
-0.74
FSKAX:
0.56
GMRE:
-0.98
FSKAX:
0.83
GMRE:
0.87
FSKAX:
1.12
GMRE:
-0.42
FSKAX:
0.51
GMRE:
-1.73
FSKAX:
1.91
GMRE:
13.38%
FSKAX:
5.17%
GMRE:
28.81%
FSKAX:
20.09%
GMRE:
-58.92%
FSKAX:
-35.01%
GMRE:
-55.25%
FSKAX:
-5.68%
Returns By Period
In the year-to-date period, GMRE achieves a -17.70% return, which is significantly lower than FSKAX's -1.30% return.
GMRE
-17.70%
-19.17%
-24.99%
-23.39%
-13.64%
-3.92%
N/A
FSKAX
-1.30%
6.00%
-3.27%
10.36%
14.93%
15.55%
11.96%
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Risk-Adjusted Performance
GMRE vs. FSKAX — Risk-Adjusted Performance Rank
GMRE
FSKAX
GMRE vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Medical REIT Inc. (GMRE) and Fidelity Total Market Index Fund (FSKAX). 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.
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Dividends
GMRE vs. FSKAX - Dividend Comparison
GMRE's dividend yield for the trailing twelve months is around 13.55%, more than FSKAX's 1.11% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRE Global Medical REIT Inc. | 13.55% | 10.88% | 7.57% | 8.86% | 4.62% | 6.13% | 6.05% | 9.00% | 9.76% | 4.48% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.11% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% |
Drawdowns
GMRE vs. FSKAX - Drawdown Comparison
The maximum GMRE drawdown since its inception was -58.92%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for GMRE and FSKAX.
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Volatility
GMRE vs. FSKAX - Volatility Comparison
Global Medical REIT Inc. (GMRE) has a higher volatility of 12.15% compared to Fidelity Total Market Index Fund (FSKAX) at 4.50%. This indicates that GMRE's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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