PHRAX vs. FSRNX
Compare and contrast key facts about Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) and Fidelity Real Estate Index Fund (FSRNX).
PHRAX is managed by Virtus. It was launched on Mar 1, 1995. 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
PHRAX vs. FSRNX - Performance Comparison
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PHRAX vs. FSRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 2.88% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -7.41% | 5.65% |
FSRNX Fidelity Real Estate Index Fund | 0.93% | 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, PHRAX achieves a 2.88% return, which is significantly higher than FSRNX's 0.93% return. Over the past 10 years, PHRAX has outperformed FSRNX with an annualized return of 5.34%, while FSRNX has yielded a comparatively lower 3.28% annualized return.
PHRAX
- 1D
- 0.28%
- 1M
- -7.06%
- YTD
- 2.88%
- 6M
- 0.85%
- 1Y
- 2.95%
- 3Y*
- 6.97%
- 5Y*
- 4.76%
- 10Y*
- 5.34%
FSRNX
- 1D
- 1.49%
- 1M
- -6.70%
- YTD
- 0.93%
- 6M
- -1.62%
- 1Y
- 1.35%
- 3Y*
- 6.26%
- 5Y*
- 2.69%
- 10Y*
- 3.28%
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PHRAX vs. FSRNX - Expense Ratio Comparison
PHRAX has a 1.36% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Return for Risk
PHRAX vs. FSRNX — Risk / Return Rank
PHRAX
FSRNX
PHRAX vs. FSRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) 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.
| PHRAX | FSRNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.09 | +0.15 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.24 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.03 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.19 | +0.11 |
Martin ratioReturn relative to average drawdown | 1.23 | 0.75 | +0.48 |
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
| PHRAX | FSRNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.09 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.14 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.15 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.32 | +0.06 |
Correlation
The correlation between PHRAX and FSRNX is 0.98, 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
PHRAX vs. FSRNX - Dividend Comparison
PHRAX's dividend yield for the trailing twelve months is around 5.75%, more than FSRNX's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 5.75% | 5.93% | 8.39% | 12.35% | 11.12% | 4.45% | 5.58% | 21.34% | 19.03% | 18.54% | 21.22% | 20.04% |
FSRNX Fidelity Real Estate Index Fund | 2.75% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
Drawdowns
PHRAX vs. FSRNX - Drawdown Comparison
The maximum PHRAX drawdown since its inception was -72.56%, which is greater than FSRNX's maximum drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for PHRAX and FSRNX.
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Drawdown Indicators
| PHRAX | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -44.26% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.45% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -33.51% | -34.27% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -42.00% | -44.26% | +2.26% |
Current DrawdownCurrent decline from peak | -7.57% | -9.74% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -9.77% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.21% | -0.10% |
Volatility
PHRAX vs. FSRNX - Volatility Comparison
The current volatility for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) is 4.20%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 4.58%. This indicates that PHRAX experiences smaller price fluctuations and is considered to be less risky 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
| PHRAX | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.58% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 9.33% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 16.41% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 18.90% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 21.41% | -0.44% |