RC vs. FRIFX
Compare and contrast key facts about Ready Capital Corporation (RC) and Fidelity Real Estate Income Fund (FRIFX).
FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RC or FRIFX.
Key characteristics
| RC | FRIFX | |
|---|---|---|
| YTD Return | -12.61% | 1.75% |
| 1Y Return | -6.73% | 9.29% |
| 3Y Return (Ann) | -4.11% | 1.18% |
| 5Y Return (Ann) | 2.31% | 3.70% |
| 10Y Return (Ann) | 5.57% | 5.35% |
| Sharpe Ratio | -0.12 | 1.46 |
| Daily Std Dev | 30.65% | 6.62% |
| Max Drawdown | -76.33% | -39.77% |
| Current Drawdown | -27.28% | -4.95% |
Correlation
The correlation between RC and FRIFX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RC vs. FRIFX - Performance Comparison
In the year-to-date period, RC achieves a -12.61% return, which is significantly lower than FRIFX's 1.75% return. Both investments have delivered pretty close results over the past 10 years, with RC having a 5.57% annualized return and FRIFX not far behind at 5.35%. 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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Risk-Adjusted Performance
RC vs. FRIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ready Capital Corporation (RC) and Fidelity Real Estate Income Fund (FRIFX). 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
RC vs. FRIFX - Dividend Comparison
RC's dividend yield for the trailing twelve months is around 15.70%, more than FRIFX's 4.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RC Ready Capital Corporation | 15.70% | 14.24% | 14.90% | 10.62% | 10.44% | 10.38% | 11.35% | 9.77% | 13.75% | 10.61% | 9.28% | 13.18% |
FRIFX Fidelity Real Estate Income Fund | 4.81% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 6.33% | 5.47% | 4.98% | 6.67% | 7.81% | 10.31% |
Drawdowns
RC vs. FRIFX - Drawdown Comparison
The maximum RC drawdown since its inception was -76.33%, which is greater than FRIFX's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for RC and FRIFX. For additional features, visit the drawdowns tool.
Volatility
RC vs. FRIFX - Volatility Comparison
Ready Capital Corporation (RC) has a higher volatility of 8.79% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.47%. This indicates that RC's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.