MRESX vs. FRESX
MRESX (Cromwell CenterSquare Real Estate Fund) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 5 years, MRESX returned 6.10%/yr vs 3.34%/yr for FRESX. Their 0.96 correlation means they have historically moved very closely together. MRESX charges 1.02%/yr vs 0.64%/yr for FRESX.
Performance
MRESX vs. FRESX - Performance Comparison
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Returns By Period
In the year-to-date period, MRESX achieves a 19.16% return, which is significantly higher than FRESX's 16.43% return.
MRESX
- 1D
- -1.41%
- 1M
- 1.60%
- 6M
- 16.08%
- YTD
- 19.16%
- 1Y
- 20.05%
- 3Y*
- 10.88%
- 5Y*
- 6.10%
- 10Y*
- —
- ALL TIME*
- 8.08%
FRESX
- 1D
- -0.93%
- 1M
- 1.67%
- 6M
- 12.68%
- YTD
- 16.43%
- 1Y
- 17.61%
- 3Y*
- 10.00%
- 5Y*
- 3.34%
- 10Y*
- 4.73%
- ALL TIME*
- 8.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MRESX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRESX Cromwell CenterSquare Real Estate Fund | 19.16% | 0.87% | 7.09% | 11.77% | -24.59% | 57.10% | -2.46% | 28.85% | -5.41% | 2.66% |
FRESX Fidelity Real Estate Investment Portfolio | 16.43% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 2.71% |
Correlation
The correlation between MRESX and FRESX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.96 |
The correlation between MRESX and FRESX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
MRESX vs. FRESX — Risk / Return Rank
MRESX
FRESX
MRESX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cromwell CenterSquare Real Estate Fund (MRESX) 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.
| MRESX | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.01 | +0.49 |
| Martin ratioReturn relative to average drawdown | 7.82 | 6.21 | +1.61 |
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Drawdowns
MRESX vs. FRESX - Drawdown Comparison
The maximum MRESX drawdown since its inception was -40.84%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for MRESX and FRESX.
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Drawdown Indicators
| MRESX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.84% | -76.34% | +35.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -7.78% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -16.44% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -32.98% | -32.13% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -1.99% | -1.24% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -11.08% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.53% | +0.08% |
Volatility
MRESX vs. FRESX - Volatility Comparison
Cromwell CenterSquare Real Estate Fund (MRESX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 4.52% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRESX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 4.33% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 10.73% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 14.00% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 18.82% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 20.62% | +1.35% |
MRESX vs. FRESX - Expense Ratio Comparison
MRESX has a 1.02% expense ratio, which is higher than FRESX's 0.64% expense ratio.
Dividends
MRESX vs. FRESX - Dividend Comparison
MRESX's dividend yield for the trailing twelve months is around 1.35%, less than FRESX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.03% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
MRESX Cromwell CenterSquare Real Estate Fund | 1.35% | 1.49% | 2.40% | 2.01% | 6.49% | 14.54% | 2.19% | 10.71% | 3.24% | 10.34% | 0.00% | 0.00% |
Frequently Asked Questions
MRESX and FRESX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRESX has higher volatility (4.52%) compared to FRESX (4.33%). In terms of maximum drawdown, MRESX dropped -40.84% vs FRESX's -76.34%.
MRESX currently has the higher Sharpe Ratio (1.38 vs 1.12), 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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