LAES vs. FSRNX

Last updated Apr 1, 2026

Compare and contrast key facts about SEALSQ Corp (LAES) and Fidelity Real Estate Index Fund (FSRNX).

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.

Performance

LAES vs. FSRNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEALSQ Corp (LAES) and Fidelity Real Estate Index Fund (FSRNX). The values are adjusted to include any dividend payments, if applicable.

LAES vs. FSRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LAES SEALSQ Corp	-30.69%	-38.54%	380.47%	-94.17%
FSRNX Fidelity Real Estate Index Fund	-0.56%	3.03%	4.99%	16.42%

Returns By Period

In the year-to-date period, LAES achieves a -30.69% return, which is significantly lower than FSRNX's -0.56% return.

LAES

• 1D: 13.42%
• 1M: -33.33%
• YTD: -30.69%
• 6M: -29.95%
• 1Y: 0.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSRNX

• 1D: 0.44%
• 1M: -7.86%
• YTD: -0.56%
• 6M: -3.07%
• 1Y: -0.02%
• 3Y*: 5.74%
• 5Y*: 2.79%
• 10Y*: 3.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LAES vs. FSRNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LAES

LAES Risk / Return Rank: 46
LAES Sharpe Ratio Rank: 42
LAES Sortino Ratio Rank: 54
LAES Omega Ratio Rank: 49
LAES Calmar Ratio Rank: 41
LAES Martin Ratio Rank: 43

FSRNX

FSRNX Risk / Return Rank: 7
FSRNX Sharpe Ratio Rank: 7
FSRNX Sortino Ratio Rank: 6
FSRNX Omega Ratio Rank: 6
FSRNX Calmar Ratio Rank: 7
FSRNX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	LAES	FSRNX	Difference
Sharpe ratio Return per unit of total volatility	0.01	0.05	-0.05
Sortino ratio Return per unit of downside risk	0.90	0.19	+0.71
Omega ratio Gain probability vs. loss probability	1.10	1.03	+0.07
Calmar ratio Return relative to maximum drawdown	-0.01	0.06	-0.07
Martin ratio Return relative to average drawdown	-0.01	0.24	-0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAES vs. FSRNX - Sharpe Ratio Comparison

The current LAES Sharpe Ratio is 0.01, which is lower than the FSRNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of LAES and FSRNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LAES	FSRNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	0.05	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.32	-0.62

Correlation

The correlation between LAES and FSRNX is 0.12, 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.

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 2.79%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FSRNX Fidelity Real Estate Index Fund	2.79%	2.77%	2.86%	2.84%	2.66%	1.25%	3.33%	4.52%	3.62%	2.27%	3.40%	2.57%

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.

Drawdown Indicators

	LAES	FSRNX	Difference
Max Drawdown Largest peak-to-trough decline	-98.44%	-44.26%	-54.18%
Max Drawdown (1Y) Largest decline over 1 year	-69.80%	-12.45%	-57.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.26%	—
Current Drawdown Current decline from peak	-88.07%	-11.07%	-77.00%
Average Drawdown Average peak-to-trough decline	-84.57%	-9.77%	-74.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.95%	3.18%	+30.77%

Volatility

LAES vs. FSRNX - Volatility Comparison

SEALSQ Corp (LAES) has a higher volatility of 28.18% compared to Fidelity Real Estate Index Fund (FSRNX) at 4.21%. 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.

Volatility by Period

	LAES	FSRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.18%	4.21%	+23.97%
Volatility (6M) Calculated over the trailing 6-month period	84.54%	9.20%	+75.34%
Volatility (1Y) Calculated over the trailing 1-year period	110.64%	16.38%	+94.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	173.72%	18.89%	+154.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	173.72%	21.41%	+152.31%