Correlation
The correlation between TAREX and FRESX is 0.60, 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.
TAREX vs. FRESX
Compare and contrast key facts about Third Avenue Real Estate Value Fund (TAREX) and Fidelity Real Estate Investment Portfolio (FRESX).
TAREX is managed by Third Avenue. It was launched on Sep 16, 1998. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAREX or FRESX.
Performance
TAREX vs. FRESX - Performance Comparison
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Key characteristics
TAREX:
0.49
FRESX:
0.76
TAREX:
0.61
FRESX:
0.89
TAREX:
1.08
FRESX:
1.12
TAREX:
0.18
FRESX:
0.45
TAREX:
0.90
FRESX:
1.91
TAREX:
7.44%
FRESX:
5.42%
TAREX:
19.23%
FRESX:
18.05%
TAREX:
-71.15%
FRESX:
-76.33%
TAREX:
-29.66%
FRESX:
-11.42%
Returns By Period
In the year-to-date period, TAREX achieves a 0.56% return, which is significantly higher than FRESX's -0.18% return. Over the past 10 years, TAREX has underperformed FRESX with an annualized return of -2.32%, while FRESX has yielded a comparatively higher 5.33% annualized return.
TAREX
0.56%
2.76%
-10.06%
8.61%
2.16%
5.45%
-2.32%
FRESX
-0.18%
-0.03%
-7.34%
13.59%
1.07%
7.90%
5.33%
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TAREX vs. FRESX - Expense Ratio Comparison
TAREX has a 1.15% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Risk-Adjusted Performance
TAREX vs. FRESX — Risk-Adjusted Performance Rank
TAREX
FRESX
TAREX vs. FRESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Real Estate Value Fund (TAREX) 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.
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Dividends
TAREX vs. FRESX - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.50%, more than FRESX's 5.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | 6.50% | 6.54% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 6.23% | 1.80% | 5.60% | 3.60% |
FRESX Fidelity Real Estate Investment Portfolio | 5.59% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.82% | 4.00% | 4.90% | 6.09% | 1.66% |
Drawdowns
TAREX vs. FRESX - Drawdown Comparison
The maximum TAREX drawdown since its inception was -71.15%, smaller than the maximum FRESX drawdown of -76.33%. Use the drawdown chart below to compare losses from any high point for TAREX and FRESX.
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Volatility
TAREX vs. FRESX - Volatility Comparison
Third Avenue Real Estate Value Fund (TAREX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 4.43% and 4.48%, 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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