NGREX vs. FSRNX
Compare and contrast key facts about Northern Global Real Estate Index Fund (NGREX) and Fidelity Real Estate Index Fund (FSRNX).
NGREX is managed by Northern Funds. It was launched on Jul 25, 2006. 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
NGREX vs. FSRNX - Performance Comparison
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NGREX vs. FSRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGREX Northern Global Real Estate Index Fund | -0.40% | 10.42% | 2.63% | 9.98% | -24.31% | 22.71% | -8.35% | 23.17% | -6.70% | 14.36% |
FSRNX Fidelity Real Estate Index Fund | -0.56% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
Returns By Period
In the year-to-date period, NGREX achieves a -0.40% return, which is significantly higher than FSRNX's -0.56% return. Over the past 10 years, NGREX has outperformed FSRNX with an annualized return of 3.33%, while FSRNX has yielded a comparatively lower 3.12% annualized return.
NGREX
- 1D
- 0.10%
- 1M
- -10.24%
- YTD
- -0.40%
- 6M
- -0.73%
- 1Y
- 8.56%
- 3Y*
- 7.21%
- 5Y*
- 1.79%
- 10Y*
- 3.33%
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%
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NGREX vs. FSRNX - Expense Ratio Comparison
NGREX has a 0.47% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Return for Risk
NGREX vs. FSRNX — Risk / Return Rank
NGREX
FSRNX
NGREX vs. FSRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Global Real Estate Index Fund (NGREX) 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.
| NGREX | FSRNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.05 | +0.51 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.19 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.06 | +0.71 |
Martin ratioReturn relative to average drawdown | 2.95 | 0.24 | +2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGREX | FSRNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.05 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.15 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.15 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.32 | -0.17 |
Correlation
The correlation between NGREX and FSRNX is 0.88, 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.
Dividends
NGREX vs. FSRNX - Dividend Comparison
NGREX's dividend yield for the trailing twelve months is around 3.78%, more than FSRNX's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGREX Northern Global Real Estate Index Fund | 3.78% | 3.92% | 3.71% | 2.40% | 1.85% | 3.11% | 2.09% | 4.49% | 3.91% | 2.59% | 4.36% | 2.49% |
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
NGREX vs. FSRNX - Drawdown Comparison
The maximum NGREX drawdown since its inception was -72.37%, which is greater than FSRNX's maximum drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for NGREX and FSRNX.
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Drawdown Indicators
| NGREX | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -44.26% | -28.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -12.45% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -34.27% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.06% | -44.26% | +3.20% |
Current DrawdownCurrent decline from peak | -10.24% | -11.07% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -16.01% | -9.77% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.18% | -0.47% |
Volatility
NGREX vs. FSRNX - Volatility Comparison
Northern Global Real Estate Index Fund (NGREX) and Fidelity Real Estate Index Fund (FSRNX) have volatilities of 4.02% and 4.21%, 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
| NGREX | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 4.21% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 9.20% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 16.38% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 18.89% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 21.41% | -4.35% |