NURE vs. FSRNX
Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and Fidelity Real Estate Index Fund (FSRNX).
NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. 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. Both NURE and FSRNX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NURE or FSRNX.
Key characteristics
| NURE | FSRNX | |
|---|---|---|
| YTD Return | -2.69% | -7.73% |
| 1Y Return | 4.60% | 4.07% |
| 3Y Return (Ann) | 0.01% | -2.97% |
| 5Y Return (Ann) | 3.29% | 0.02% |
| Sharpe Ratio | 0.24 | 0.19 |
| Daily Std Dev | 18.28% | 19.27% |
| Max Drawdown | -46.05% | -44.26% |
| Current Drawdown | -22.23% | -23.72% |
Correlation
The correlation between NURE and FSRNX is 0.85, 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.
Performance
NURE vs. FSRNX - Performance Comparison
In the year-to-date period, NURE achieves a -2.69% return, which is significantly higher than FSRNX's -7.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NURE vs. FSRNX - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Risk-Adjusted Performance
NURE vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.
Dividends
NURE vs. FSRNX - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 3.96%, more than FSRNX's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 3.96% | 3.73% | 2.80% | 1.34% | 2.87% | 3.28% | 4.08% | 3.82% | 0.48% | 0.00% | 0.00% | 0.00% |
FSRNX Fidelity Real Estate Index Fund | 3.08% | 2.84% | 2.66% | 1.25% | 3.33% | 3.93% | 4.43% | 2.86% | 3.95% | 2.57% | 4.18% | 3.54% |
Drawdowns
NURE vs. FSRNX - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, roughly equal to the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for NURE and FSRNX. For additional features, visit the drawdowns tool.
Volatility
NURE vs. FSRNX - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) and Fidelity Real Estate Index Fund (FSRNX) have volatilities of 5.83% and 6.04%, 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.