TRREX vs. FRESX
Compare and contrast key facts about T. Rowe Price Real Estate Fund (TRREX) and Fidelity Real Estate Investment Portfolio (FRESX).
TRREX is managed by T. Rowe Price. It was launched on Oct 31, 1997. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Performance
TRREX vs. FRESX - Performance Comparison
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TRREX vs. FRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 2.51% | 4.32% | 3.54% | 13.00% | -26.08% | 47.34% | -11.42% | 43.47% | -9.07% | 3.38% |
FRESX Fidelity Real Estate Investment Portfolio | 3.33% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Returns By Period
In the year-to-date period, TRREX achieves a 2.51% return, which is significantly lower than FRESX's 3.33% return. Over the past 10 years, TRREX has outperformed FRESX with an annualized return of 5.18%, while FRESX has yielded a comparatively lower 4.56% annualized return.
TRREX
- 1D
- 1.49%
- 1M
- -6.24%
- YTD
- 2.51%
- 6M
- 4.60%
- 1Y
- 3.99%
- 3Y*
- 6.75%
- 5Y*
- 4.00%
- 10Y*
- 5.18%
FRESX
- 1D
- 1.43%
- 1M
- -6.17%
- YTD
- 3.33%
- 6M
- 2.45%
- 1Y
- 2.35%
- 3Y*
- 6.43%
- 5Y*
- 4.05%
- 10Y*
- 4.56%
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TRREX vs. FRESX - Expense Ratio Comparison
TRREX has a 0.77% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Return for Risk
TRREX vs. FRESX — Risk / Return Rank
TRREX
FRESX
TRREX vs. FRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Estate Fund (TRREX) 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.
| TRREX | FRESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.15 | +0.09 |
Sortino ratioReturn per unit of downside risk | 0.45 | 0.32 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.28 | +0.11 |
Martin ratioReturn relative to average drawdown | 1.43 | 1.07 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRREX | FRESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.15 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.22 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.22 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.38 | -0.05 |
Correlation
The correlation between TRREX and FRESX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRREX vs. FRESX - Dividend Comparison
TRREX's dividend yield for the trailing twelve months is around 11.28%, more than FRESX's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 11.28% | 11.37% | 9.44% | 11.63% | 25.52% | 15.42% | 41.93% | 32.33% | 5.73% | 2.61% | 2.28% | 2.26% |
FRESX Fidelity Real Estate Investment Portfolio | 4.49% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
Drawdowns
TRREX vs. FRESX - Drawdown Comparison
The maximum TRREX drawdown since its inception was -75.30%, roughly equal to the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for TRREX and FRESX.
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Drawdown Indicators
| TRREX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -76.34% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -12.24% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -32.13% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -42.28% | -40.93% | -1.35% |
Current DrawdownCurrent decline from peak | -8.27% | -6.17% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -11.16% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.15% | +0.32% |
Volatility
TRREX vs. FRESX - Volatility Comparison
T. Rowe Price Real Estate Fund (TRREX) and Fidelity Real Estate Investment Portfolio (FRESX) have volatilities of 4.24% and 4.32%, 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.
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Volatility by Period
| TRREX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.32% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 9.17% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 16.35% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 18.73% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.88% | 20.57% | +1.31% |