JIREX vs. FRESX
JIREX (JHancock Real Estate Securities Fund) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 10 years, JIREX returned 5.59%/yr vs 5.33%/yr for FRESX. With a 0.97 correlation, they move nearly in lockstep. JIREX charges 0.85%/yr vs 0.71%/yr for FRESX.
Performance
JIREX vs. FRESX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JIREX achieves a 13.46% return, which is significantly higher than FRESX's 12.74% return. Both investments have delivered pretty close results over the past 10 years, with JIREX having a 5.59% annualized return and FRESX not far behind at 5.33%.
JIREX
- 1D
- 1.25%
- 1M
- 0.73%
- YTD
- 13.46%
- 6M
- 13.28%
- 1Y
- 12.54%
- 3Y*
- 11.70%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
FRESX
- 1D
- 1.19%
- 1M
- 0.19%
- YTD
- 12.74%
- 6M
- 13.25%
- 1Y
- 11.00%
- 3Y*
- 11.14%
- 5Y*
- 3.52%
- 10Y*
- 5.33%
JIREX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIREX JHancock Real Estate Securities Fund | 13.46% | -1.14% | 10.74% | 12.94% | -28.64% | 46.44% | -5.53% | 29.33% | -3.46% | 4.72% |
FRESX Fidelity Real Estate Investment Portfolio | 12.74% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Correlation
The correlation between JIREX and FRESX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.97 |
Over the past year, the correlation between JIREX and FRESX has dropped to 0.75 - well below their long-term average of 0.97, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JIREX vs. FRESX — Risk / Return Rank
JIREX
FRESX
JIREX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Real Estate Securities Fund (JIREX) and Fidelity Real Estate Investment Portfolio (FRESX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JIREX | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.63 | +0.71 |
| Martin ratioReturn relative to average drawdown | 7.54 | 4.67 | +2.87 |
Loading charts...
Drawdowns
JIREX vs. FRESX - Drawdown Comparison
The maximum JIREX drawdown since its inception was -73.35%, roughly equal to the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for JIREX and FRESX.
Loading charts...
Drawdown Indicators
| JIREX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.35% | -76.34% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -7.78% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.46% | -16.44% | -4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -32.13% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -41.23% | -40.93% | -0.30% |
Current DrawdownCurrent decline from peak | -1.14% | -1.74% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -11.11% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.71% | -0.48% |
Volatility
JIREX vs. FRESX - Volatility Comparison
JHancock Real Estate Securities Fund (JIREX) has a higher volatility of 5.34% compared to Fidelity Real Estate Investment Portfolio (FRESX) at 5.07%. This indicates that JIREX's price experiences larger fluctuations and is considered to be riskier than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JIREX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.07% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 10.09% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 13.94% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 18.77% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 20.61% | +0.47% |
JIREX vs. FRESX - Expense Ratio Comparison
JIREX has a 0.85% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Dividends
JIREX vs. FRESX - Dividend Comparison
JIREX has not paid dividends to shareholders, while FRESX's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.16% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
JIREX JHancock Real Estate Securities Fund | 0.00% | 0.00% | 1.99% | 2.37% | 13.80% | 11.82% | 1.92% | 8.80% | 4.66% | 5.89% | 8.70% | 12.72% |
Frequently Asked Questions
JIREX and FRESX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIREX has higher volatility (5.34%) compared to FRESX (5.07%). In terms of maximum drawdown, JIREX dropped -73.35% vs FRESX's -76.34%.
JIREX currently has the higher Sharpe Ratio (1.19 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for JIREX and FRESX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer