PPTY vs. FRESX
PPTY (US Diversified Real Estate ETF) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 5 years, PPTY returned 3.03%/yr vs 3.52%/yr for FRESX. Their correlation of 0.93 suggests significant overlap in exposure. PPTY charges 0.49%/yr vs 0.71%/yr for FRESX.
Performance
PPTY vs. FRESX - Performance Comparison
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Returns By Period
In the year-to-date period, PPTY achieves a 13.64% return, which is significantly higher than FRESX's 12.74% return.
PPTY
- 1D
- 1.21%
- 1M
- 2.70%
- YTD
- 13.64%
- 6M
- 14.29%
- 1Y
- 13.03%
- 3Y*
- 11.23%
- 5Y*
- 3.03%
- 10Y*
- —
FRESX
- 1D
- 1.19%
- 1M
- 0.19%
- YTD
- 12.74%
- 6M
- 13.25%
- 1Y
- 11.00%
- 3Y*
- 11.14%
- 5Y*
- 3.52%
- 10Y*
- 5.33%
PPTY vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 13.64% | -3.47% | 9.85% | 12.66% | -26.10% | 40.36% | -7.25% | 30.19% | 4.86% |
FRESX Fidelity Real Estate Investment Portfolio | 12.74% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | 5.68% |
Correlation
The correlation between PPTY and FRESX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.93 |
The correlation between PPTY and FRESX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
PPTY vs. FRESX — Risk / Return Rank
PPTY
FRESX
PPTY vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) 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.
| PPTY | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.63 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.68 | 4.67 | +0.01 |
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Drawdowns
PPTY vs. FRESX - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for PPTY and FRESX.
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Drawdown Indicators
| PPTY | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -76.34% | +34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -7.78% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.06% | -16.44% | -4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | -32.13% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.74% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -11.11% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.71% | +0.08% |
Volatility
PPTY vs. FRESX - Volatility Comparison
US Diversified Real Estate ETF (PPTY) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 4.88% and 5.07%, 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
| PPTY | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 5.07% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 10.09% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 13.94% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 18.77% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 20.61% | +1.29% |
PPTY vs. FRESX - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is lower than FRESX's 0.71% expense ratio.
Dividends
PPTY vs. FRESX - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 2.56%, less than FRESX's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.16% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
PPTY US Diversified Real Estate ETF | 2.56% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPTY 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.
FRESX has higher volatility (5.07%) compared to PPTY (4.88%). In terms of maximum drawdown, PPTY dropped -41.69% vs FRESX's -76.34%.
PPTY currently has the higher Sharpe Ratio (0.93 vs 0.91), 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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