LAES vs. FSRNX
LAES (SEALSQ Corp) is a stock, while FSRNX (Fidelity Real Estate Index Fund) is REIT fund tracking the MSCI US IMI Real Estate 25/25 Index. Over the past 3 years, LAES returned -37.41%/yr vs 9.02%/yr for FSRNX. At a 0.12 correlation, their price movements are largely independent.
Performance
LAES vs. FSRNX - Performance Comparison
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Returns By Period
In the year-to-date period, LAES achieves a -25.93% return, which is significantly lower than FSRNX's 11.60% return.
LAES
- 1D
- -2.44%
- 1M
- -9.68%
- 6M
- -32.69%
- YTD
- -25.93%
- 1Y
- -22.87%
- 3Y*
- -37.41%
- 5Y*
- —
- 10Y*
- —
FSRNX
- 1D
- 0.22%
- 1M
- -0.67%
- 6M
- 10.37%
- YTD
- 11.60%
- 1Y
- 11.89%
- 3Y*
- 9.02%
- 5Y*
- 2.27%
- 10Y*
- 3.55%
LAES vs. FSRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LAES SEALSQ Corp | -25.93% | -38.54% | 380.47% | -92.82% |
FSRNX Fidelity Real Estate Index Fund | 11.60% | 3.03% | 4.99% | 13.97% |
Correlation
The correlation between LAES and FSRNX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.12 |
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Return for Risk
LAES vs. FSRNX — Risk / Return Rank
LAES
FSRNX
LAES vs. FSRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) 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.
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.
| LAES | FSRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.49 | -1.86 |
| Martin ratioReturn relative to average drawdown | -0.60 | 4.69 | -5.29 |
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Drawdowns
LAES vs. FSRNX - Drawdown Comparison
The maximum LAES drawdown since its inception was -98.44%, which is greater than FSRNX's maximum drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for LAES and FSRNX.
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Drawdown Indicators
| LAES | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.44% | -44.26% | -54.18% |
Max Drawdown (1Y)Largest decline over 1 year | -72.68% | -8.47% | -64.21% |
Max Drawdown (3Y)Largest decline over 3 years | -97.22% | -17.49% | -79.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.26% | — |
Current DrawdownCurrent decline from peak | -87.26% | -1.65% | -85.61% |
Average DrawdownAverage peak-to-trough decline | -84.63% | -9.63% | -75.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.93% | 2.69% | +42.24% |
Volatility
LAES vs. FSRNX - Volatility Comparison
SEALSQ Corp (LAES) has a higher volatility of 19.38% compared to Fidelity Real Estate Index Fund (FSRNX) at 5.42%. This indicates that LAES'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.
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Volatility by Period
| LAES | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 5.42% | +13.96% |
Volatility (6M)Calculated over the trailing 6-month period | 64.27% | 10.78% | +53.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.61% | 14.00% | +93.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.63% | 18.99% | +149.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.63% | 21.44% | +147.19% |
Dividends
LAES vs. FSRNX - Dividend Comparison
LAES has not paid dividends to shareholders, while FSRNX's dividend yield for the trailing twelve months is around 2.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.65% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
LAES SEALSQ Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LAES and FSRNX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAES has higher volatility (19.38%) compared to FSRNX (5.42%). In terms of maximum drawdown, LAES dropped -98.44% vs FSRNX's -44.26%.
FSRNX currently has the higher Sharpe Ratio (0.90 vs -0.25), 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.
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