VGISX vs. FSRNX

Last updated Jun 4, 2026

VGISX (Virtus Duff & Phelps Global Real Estate Securities Fund) and FSRNX (Fidelity Real Estate Index Fund) are both REIT funds. Over the past 10 years, VGISX returned 5.76%/yr vs 3.98%/yr for FSRNX. Their correlation of 0.93 suggests significant overlap in exposure. VGISX charges 1.16%/yr vs 0.07%/yr for FSRNX.

Performance

VGISX vs. FSRNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Duff & Phelps Global Real Estate Securities Fund (VGISX) and Fidelity Real Estate Index Fund (FSRNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGISX achieves a 8.11% return, which is significantly higher than FSRNX's 7.68% return. Over the past 10 years, VGISX has outperformed FSRNX with an annualized return of 5.76%, while FSRNX has yielded a comparatively lower 3.98% annualized return.

VGISX

• 1D: 0.43%
• 1M: -1.44%
• YTD: 8.11%
• 6M: 7.82%
• 1Y: 11.16%
• 3Y*: 10.02%
• 5Y*: 2.05%
• 10Y*: 5.76%

FSRNX

• 1D: 0.46%
• 1M: -0.80%
• YTD: 7.68%
• 6M: 6.60%
• 1Y: 9.92%
• 3Y*: 9.07%
• 5Y*: 2.15%
• 10Y*: 3.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGISX vs. FSRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGISX Virtus Duff & Phelps Global Real Estate Securities Fund	8.11%	9.48%	3.58%	10.19%	-26.86%	31.60%	-0.97%	29.80%	-4.73%	13.01%
FSRNX Fidelity Real Estate Index Fund	7.68%	3.03%	4.99%	11.93%	-26.14%	40.66%	-11.31%	23.78%	-4.91%	3.15%

Correlation

The correlation between VGISX and FSRNX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 12, 2011	0.93

The correlation between VGISX and FSRNX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

VGISX vs. FSRNX — Risk / Return Rank

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

VGISX

VGISX Risk / Return Rank: 12
VGISX Sharpe Ratio Rank: 12
VGISX Sortino Ratio Rank: 11
VGISX Omega Ratio Rank: 11
VGISX Calmar Ratio Rank: 11
VGISX Martin Ratio Rank: 14

FSRNX

FSRNX Risk / Return Rank: 10
FSRNX Sharpe Ratio Rank: 9
FSRNX Sortino Ratio Rank: 9
FSRNX Omega Ratio Rank: 9
FSRNX Calmar Ratio Rank: 12
FSRNX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGISX vs. FSRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Global Real Estate Securities Fund (VGISX) and Fidelity Real Estate Index Fund (FSRNX). 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.

	VGISX	FSRNX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.73	+0.18
Sortino ratio: Return per unit of downside risk	1.31	1.08	+0.22
Omega ratio: Gain probability vs. loss probability	1.17	1.13	+0.03
Calmar ratio: Return relative to maximum drawdown	1.05	1.14	-0.09
Martin ratio: Return relative to average drawdown	3.87	3.63	+0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGISX vs. FSRNX - Sharpe Ratio Comparison

The current VGISX Sharpe Ratio is 0.91, which is comparable to the FSRNX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of VGISX and FSRNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGISX	FSRNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.73	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.11	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.19	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.34	+0.29

Drawdowns

VGISX vs. FSRNX - Drawdown Comparison

The maximum VGISX drawdown since its inception was -41.61%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for VGISX and FSRNX.

Drawdown Indicators

	VGISX	FSRNX	Difference
Max Drawdown Largest peak-to-trough decline	-41.61%	-44.26%	+2.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-8.47%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-17.37%	-17.49%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-34.67%	-34.27%	-0.40%
Max Drawdown (10Y) Largest decline over 10 years	-41.61%	-44.26%	+2.65%
Current Drawdown Current decline from peak	-3.11%	-3.70%	+0.59%
Average Drawdown Average peak-to-trough decline	-7.92%	-9.69%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.67%	+0.08%

Volatility

VGISX vs. FSRNX - Volatility Comparison

The current volatility for Virtus Duff & Phelps Global Real Estate Securities Fund (VGISX) is 3.60%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 3.79%. This indicates that VGISX experiences smaller price fluctuations and is considered to be less risky than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGISX	FSRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.79%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	9.42%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	13.22%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	18.89%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	21.40%	-3.63%

VGISX vs. FSRNX - Expense Ratio Comparison

VGISX has a 1.16% expense ratio, which is higher than FSRNX's 0.07% expense ratio.

Dividends

VGISX vs. FSRNX - Dividend Comparison

VGISX's dividend yield for the trailing twelve months is around 2.50%, less than FSRNX's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSRNX Fidelity Real Estate Index Fund	2.58%	2.77%	2.86%	2.84%	2.66%	1.25%	3.33%	4.52%	3.62%	2.27%	3.40%	2.57%
VGISX Virtus Duff & Phelps Global Real Estate Securities Fund	2.50%	2.70%	2.44%	1.96%	0.82%	3.17%	0.54%	7.66%	3.45%	2.97%	2.58%	3.01%

Frequently Asked Questions

Can I hold both VGISX and FSRNX in my portfolio?

With a correlation of 0.91, VGISX and FSRNX 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.

Which is riskier, VGISX or FSRNX?

FSRNX has higher volatility (3.79%) compared to VGISX (3.60%). In terms of maximum drawdown, VGISX dropped -41.61% vs FSRNX's -44.26%.

Which has better risk-adjusted returns?

VGISX currently has the higher Sharpe Ratio (0.91 vs 0.73), 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.