STMDX vs. FRESX
STMDX (Sterling Capital Stratton Real Estate Fund) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 10 years, STMDX returned 6.21%/yr vs 4.77%/yr for FRESX. Their correlation of 0.89 suggests significant overlap in exposure. STMDX charges 0.82%/yr vs 0.64%/yr for FRESX.
Performance
STMDX vs. FRESX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with STMDX having a 14.22% return and FRESX slightly lower at 14.15%. Over the past 10 years, STMDX has outperformed FRESX with an annualized return of 6.21%, while FRESX has yielded a comparatively lower 4.77% annualized return.
STMDX
- 1D
- 0.18%
- 1M
- -0.04%
- 6M
- 13.68%
- YTD
- 14.22%
- 1Y
- 12.70%
- 3Y*
- 8.99%
- 5Y*
- 2.90%
- 10Y*
- 6.21%
FRESX
- 1D
- 0.40%
- 1M
- -0.51%
- 6M
- 12.72%
- YTD
- 14.15%
- 1Y
- 14.19%
- 3Y*
- 9.02%
- 5Y*
- 3.24%
- 10Y*
- 4.77%
STMDX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STMDX Sterling Capital Stratton Real Estate Fund | 14.22% | 1.35% | 6.25% | 13.28% | -26.17% | 38.53% | -0.54% | 31.77% | -2.82% | 7.81% |
FRESX Fidelity Real Estate Investment Portfolio | 14.15% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Correlation
The correlation between STMDX and FRESX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 1986 | 0.89 |
The correlation between STMDX and FRESX has been stable across timeframes, ranging from 0.89 to 0.99 - a consistent structural relationship.
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Return for Risk
STMDX vs. FRESX — Risk / Return Rank
STMDX
FRESX
STMDX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Stratton Real Estate Fund (STMDX) 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.
| STMDX | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.84 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.67 | 5.32 | -0.65 |
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Drawdowns
STMDX vs. FRESX - Drawdown Comparison
The maximum STMDX drawdown since its inception was -65.12%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for STMDX and FRESX.
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Drawdown Indicators
| STMDX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.12% | -76.34% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -7.78% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | -16.44% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -33.43% | -32.13% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -40.52% | -40.93% | +0.41% |
Current DrawdownCurrent decline from peak | -1.45% | -1.49% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -11.10% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.68% | +0.09% |
Volatility
STMDX vs. FRESX - Volatility Comparison
The current volatility for Sterling Capital Stratton Real Estate Fund (STMDX) is 4.66%, while Fidelity Real Estate Investment Portfolio (FRESX) has a volatility of 4.94%. This indicates that STMDX experiences smaller price fluctuations and is considered to be less risky than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STMDX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 4.94% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 10.62% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 14.02% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 18.81% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 20.60% | -0.15% |
STMDX vs. FRESX - Expense Ratio Comparison
STMDX has a 0.82% expense ratio, which is higher than FRESX's 0.64% expense ratio.
Dividends
STMDX vs. FRESX - Dividend Comparison
STMDX's dividend yield for the trailing twelve months is around 5.51%, more than FRESX's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRESX Fidelity Real Estate Investment Portfolio | 4.11% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
STMDX Sterling Capital Stratton Real Estate Fund | 5.51% | 6.24% | 7.14% | 8.39% | 8.29% | 7.14% | 4.05% | 9.15% | 5.92% | 4.80% | 7.98% | 2.96% |
Frequently Asked Questions
With a correlation of 0.97, STMDX and FRESX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FRESX has higher volatility (4.94%) compared to STMDX (4.66%). In terms of maximum drawdown, STMDX dropped -65.12% vs FRESX's -76.34%.
FRESX currently has the higher Sharpe Ratio (1.02 vs 0.95), 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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