VGRNX vs. FRIFX
Compare and contrast key facts about Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Fidelity Real Estate Income Fund (FRIFX).
VGRNX is managed by Vanguard. It was launched on Apr 19, 2011. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Performance
VGRNX vs. FRIFX - Performance Comparison
Loading graphics...
VGRNX vs. FRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares | -2.00% | 22.02% | -2.40% | 6.35% | -22.47% | 5.63% | -6.90% | 21.50% | -9.54% | 26.55% |
FRIFX Fidelity Real Estate Income Fund | -0.16% | 7.16% | 7.93% | 9.32% | -14.54% | 18.90% | -1.09% | 17.92% | -1.80% | 6.20% |
Returns By Period
In the year-to-date period, VGRNX achieves a -2.00% return, which is significantly lower than FRIFX's -0.16% return. Over the past 10 years, VGRNX has underperformed FRIFX with an annualized return of 2.61%, while FRIFX has yielded a comparatively higher 5.25% annualized return.
VGRNX
- 1D
- 1.66%
- 1M
- -7.36%
- YTD
- -2.00%
- 6M
- -0.86%
- 1Y
- 15.71%
- 3Y*
- 8.20%
- 5Y*
- -0.31%
- 10Y*
- 2.61%
FRIFX
- 1D
- -0.57%
- 1M
- -3.03%
- YTD
- -0.16%
- 6M
- 0.67%
- 1Y
- 4.02%
- 3Y*
- 7.34%
- 5Y*
- 3.68%
- 10Y*
- 5.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VGRNX vs. FRIFX - Expense Ratio Comparison
VGRNX has a 0.11% expense ratio, which is lower than FRIFX's 0.71% expense ratio.
Return for Risk
VGRNX vs. FRIFX — Risk / Return Rank
VGRNX
FRIFX
VGRNX vs. FRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) and Fidelity Real Estate Income Fund (FRIFX). 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.
| VGRNX | FRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.82 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.11 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.96 | +0.19 |
Martin ratioReturn relative to average drawdown | 5.01 | 4.00 | +1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VGRNX | FRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.82 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.57 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.56 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.71 | -0.48 |
Correlation
The correlation between VGRNX and FRIFX is 0.58, 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.
Dividends
VGRNX vs. FRIFX - Dividend Comparison
VGRNX's dividend yield for the trailing twelve months is around 4.80%, more than FRIFX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGRNX Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares | 4.80% | 4.71% | 5.21% | 3.76% | 0.58% | 6.50% | 0.94% | 7.81% | 4.64% | 3.87% | 5.19% | 2.86% |
FRIFX Fidelity Real Estate Income Fund | 4.70% | 4.69% | 4.65% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 5.08% | 4.40% | 4.98% | 3.65% |
Drawdowns
VGRNX vs. FRIFX - Drawdown Comparison
The maximum VGRNX drawdown since its inception was -38.77%, roughly equal to the maximum FRIFX drawdown of -38.27%. Use the drawdown chart below to compare losses from any high point for VGRNX and FRIFX.
Loading graphics...
Drawdown Indicators
| VGRNX | FRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -38.27% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -3.72% | -10.63% |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | -18.12% | -17.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -34.50% | -4.27% |
Current DrawdownCurrent decline from peak | -11.20% | -3.26% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -4.29% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.05% | +2.25% |
Volatility
VGRNX vs. FRIFX - Volatility Comparison
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares (VGRNX) has a higher volatility of 5.54% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.75%. This indicates that VGRNX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VGRNX | FRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 1.75% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 2.99% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 4.99% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 6.50% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 9.47% | +5.23% |