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TAREX vs. FRESX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.6

Performance

TAREX vs. FRESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Third Avenue Real Estate Value Fund (TAREX) and Fidelity Real Estate Investment Portfolio (FRESX). The values are adjusted to include any dividend payments, if applicable.

200.00%400.00%600.00%800.00%NovemberDecember2025FebruaryMarchApril
231.23%
774.91%
TAREX
FRESX

Key characteristics

Sharpe Ratio

TAREX:

0.56

FRESX:

0.82

Sortino Ratio

TAREX:

0.88

FRESX:

1.21

Omega Ratio

TAREX:

1.12

FRESX:

1.16

Calmar Ratio

TAREX:

0.28

FRESX:

0.44

Martin Ratio

TAREX:

1.51

FRESX:

2.34

Ulcer Index

TAREX:

7.09%

FRESX:

6.32%

Daily Std Dev

TAREX:

19.17%

FRESX:

17.98%

Max Drawdown

TAREX:

-71.15%

FRESX:

-75.98%

Current Drawdown

TAREX:

-30.86%

FRESX:

-22.89%

Returns By Period

In the year-to-date period, TAREX achieves a -1.16% return, which is significantly lower than FRESX's 1.74% return. Over the past 10 years, TAREX has underperformed FRESX with an annualized return of -2.45%, while FRESX has yielded a comparatively higher 2.07% annualized return.


TAREX

YTD

-1.16%

1M

-0.69%

6M

-3.64%

1Y

12.17%

5Y*

4.52%

10Y*

-2.45%

FRESX

YTD

1.74%

1M

-1.58%

6M

-6.27%

1Y

15.83%

5Y*

3.91%

10Y*

2.07%

*Annualized

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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.


Expense ratio chart for TAREX: current value is 1.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TAREX: 1.15%
Expense ratio chart for FRESX: current value is 0.71%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FRESX: 0.71%

Risk-Adjusted Performance

TAREX vs. FRESX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAREX
The Risk-Adjusted Performance Rank of TAREX is 5151
Overall Rank
The Sharpe Ratio Rank of TAREX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of TAREX is 5757
Sortino Ratio Rank
The Omega Ratio Rank of TAREX is 5353
Omega Ratio Rank
The Calmar Ratio Rank of TAREX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of TAREX is 4848
Martin Ratio Rank

FRESX
The Risk-Adjusted Performance Rank of FRESX is 6464
Overall Rank
The Sharpe Ratio Rank of FRESX is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of FRESX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of FRESX is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FRESX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of FRESX is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for TAREX, currently valued at 0.56, compared to the broader market-2.00-1.000.001.002.003.00
TAREX: 0.56
FRESX: 0.82
The chart of Sortino ratio for TAREX, currently valued at 0.88, compared to the broader market-2.000.002.004.006.008.00
TAREX: 0.88
FRESX: 1.21
The chart of Omega ratio for TAREX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.00
TAREX: 1.12
FRESX: 1.16
The chart of Calmar ratio for TAREX, currently valued at 0.28, compared to the broader market0.002.004.006.008.0010.00
TAREX: 0.28
FRESX: 0.44
The chart of Martin ratio for TAREX, currently valued at 1.51, compared to the broader market0.0010.0020.0030.0040.00
TAREX: 1.51
FRESX: 2.34

The current TAREX Sharpe Ratio is 0.56, which is lower than the FRESX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of TAREX and FRESX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.56
0.82
TAREX
FRESX

Dividends

TAREX vs. FRESX - Dividend Comparison

TAREX's dividend yield for the trailing twelve months is around 0.82%, less than FRESX's 2.07% yield.


TTM20242023202220212020201920182017201620152014
TAREX
Third Avenue Real Estate Value Fund
0.82%0.81%1.34%0.95%0.59%0.99%1.32%1.89%1.06%0.85%0.73%1.61%
FRESX
Fidelity Real Estate Investment Portfolio
2.07%2.11%2.31%1.71%0.78%2.93%2.36%2.57%1.80%1.73%5.54%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 -75.98%. Use the drawdown chart below to compare losses from any high point for TAREX and FRESX. For additional features, visit the drawdowns tool.


-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%NovemberDecember2025FebruaryMarchApril
-30.86%
-22.89%
TAREX
FRESX

Volatility

TAREX vs. FRESX - Volatility Comparison

Third Avenue Real Estate Value Fund (TAREX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 10.40% and 10.32%, 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.


4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.40%
10.32%
TAREX
FRESX