IYR vs. FREL
Compare and contrast key facts about iShares U.S. Real Estate ETF (IYR) and Fidelity MSCI Real Estate Index ETF (FREL).
IYR and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYR is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Real Estate Index. It was launched on Jun 12, 2000. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015. Both IYR and FREL 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: IYR or FREL.
Key characteristics
| IYR | FREL | |
|---|---|---|
| YTD Return | 10.42% | 11.37% |
| 1Y Return | 30.18% | 31.60% |
| 3Y Return (Ann) | -0.63% | -0.68% |
| 5Y Return (Ann) | 4.47% | 4.72% |
| Sharpe Ratio | 1.86 | 1.94 |
| Sortino Ratio | 2.64 | 2.77 |
| Omega Ratio | 1.33 | 1.35 |
| Calmar Ratio | 1.05 | 1.07 |
| Martin Ratio | 7.08 | 7.51 |
| Ulcer Index | 4.45% | 4.38% |
| Daily Std Dev | 16.96% | 17.00% |
| Max Drawdown | -74.13% | -42.61% |
| Current Drawdown | -7.97% | -8.17% |
Correlation
The correlation between IYR and FREL 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.
Performance
IYR vs. FREL - Performance Comparison
In the year-to-date period, IYR achieves a 10.42% return, which is significantly lower than FREL's 11.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYR vs. FREL - Expense Ratio Comparison
IYR has a 0.42% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
IYR vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and Fidelity MSCI Real Estate Index ETF (FREL). 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
IYR vs. FREL - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.38%, less than FREL's 3.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.38% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% | 3.66% | 3.78% |
FREL Fidelity MSCI Real Estate Index ETF | 3.21% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% | 0.00% |
Drawdowns
IYR vs. FREL - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for IYR and FREL. For additional features, visit the drawdowns tool.
Volatility
IYR vs. FREL - Volatility Comparison
iShares U.S. Real Estate ETF (IYR) has a higher volatility of 5.55% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 5.14%. This indicates that IYR's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.