RMR vs. FREL
RMR (The RMR Group Inc.) is a stock, while FREL (Fidelity MSCI Real Estate Index ETF) is REIT fund tracking the MSCI USA IMI Real Estate Index. Over the past 10 years, RMR returned 3.24%/yr vs 5.97%/yr for FREL. At a 0.46 correlation, their price movements are largely independent.
Performance
RMR vs. FREL - Performance Comparison
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Returns By Period
In the year-to-date period, RMR achieves a 47.09% return, which is significantly higher than FREL's 11.53% return. Over the past 10 years, RMR has underperformed FREL with an annualized return of 3.24%, while FREL has yielded a comparatively higher 5.97% annualized return.
RMR
- 1D
- 1.67%
- 1M
- 2.62%
- YTD
- 47.09%
- 6M
- 45.91%
- 1Y
- 40.45%
- 3Y*
- 5.11%
- 5Y*
- -2.01%
- 10Y*
- 3.24%
FREL
- 1D
- 1.38%
- 1M
- 1.09%
- YTD
- 11.53%
- 6M
- 11.94%
- 1Y
- 11.39%
- 3Y*
- 11.20%
- 5Y*
- 2.76%
- 10Y*
- 5.97%
RMR vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMR The RMR Group Inc. | 47.09% | -19.39% | -21.50% | 6.48% | -13.93% | 10.33% | -11.24% | -11.65% | -9.17% | 53.27% |
FREL Fidelity MSCI Real Estate Index ETF | 11.53% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Correlation
The correlation between RMR and FREL is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2015 | 0.46 |
The correlation between RMR and FREL has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
RMR vs. FREL — Risk / Return Rank
RMR
FREL
RMR vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The RMR Group Inc. (RMR) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
| RMR | FREL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.35 | +1.20 |
| Martin ratioReturn relative to average drawdown | 5.71 | 4.23 | +1.47 |
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Drawdowns
RMR vs. FREL - Drawdown Comparison
The maximum RMR drawdown since its inception was -75.78%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for RMR and FREL.
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Drawdown Indicators
| RMR | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -42.61% | -33.17% |
Max Drawdown (1Y)Largest decline over 1 year | -15.91% | -8.45% | -7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -45.01% | -17.54% | -27.47% |
Max Drawdown (5Y)Largest decline over 5 years | -54.38% | -34.40% | -19.98% |
Max Drawdown (10Y)Largest decline over 10 years | -75.78% | -42.61% | -33.17% |
Current DrawdownCurrent decline from peak | -59.56% | -0.77% | -58.79% |
Average DrawdownAverage peak-to-trough decline | -44.56% | -9.91% | -34.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 2.70% | +4.41% |
Volatility
RMR vs. FREL - Volatility Comparison
The RMR Group Inc. (RMR) has a higher volatility of 7.04% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 5.15%. This indicates that RMR's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMR | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 5.15% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.91% | 10.21% | +9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 13.84% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 18.90% | +8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 20.72% | +12.58% |
Dividends
RMR vs. FREL - Dividend Comparison
RMR's dividend yield for the trailing twelve months is around 8.68%, more than FREL's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 3.28% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
RMR The RMR Group Inc. | 8.68% | 12.08% | 8.48% | 5.67% | 5.59% | 24.57% | 3.94% | 3.13% | 2.07% | 1.69% | 2.02% | 0.00% |
Frequently Asked Questions
RMR and FREL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMR has higher volatility (7.04%) compared to FREL (5.15%). In terms of maximum drawdown, RMR dropped -75.78% vs FREL's -42.61%.
RMR currently has the higher Sharpe Ratio (1.47 vs 0.83), 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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