VGSNX vs. FRIRX
Compare and contrast key facts about Vanguard Real Estate Index Fund Institutional Shares (VGSNX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
VGSNX is managed by Vanguard. It was launched on Dec 2, 2003. FRIRX is managed by Fidelity.
Performance
VGSNX vs. FRIRX - Performance Comparison
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VGSNX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 1.28% | 3.21% | 3.72% | 13.12% | -26.19% | 40.46% | -4.76% | 28.98% | -5.97% | 4.90% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 0.41% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
Returns By Period
In the year-to-date period, VGSNX achieves a 1.28% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, VGSNX has underperformed FRIRX with an annualized return of 4.65%, while FRIRX has yielded a comparatively higher 5.31% annualized return.
VGSNX
- 1D
- 1.51%
- 1M
- -6.61%
- YTD
- 1.28%
- 6M
- -1.15%
- 1Y
- 1.75%
- 3Y*
- 6.41%
- 5Y*
- 2.79%
- 10Y*
- 4.65%
FRIRX
- 1D
- 0.41%
- 1M
- -2.56%
- YTD
- 0.41%
- 6M
- 1.15%
- 1Y
- 4.63%
- 3Y*
- 7.52%
- 5Y*
- 3.80%
- 10Y*
- 5.31%
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VGSNX vs. FRIRX - Expense Ratio Comparison
VGSNX has a 0.10% expense ratio, which is lower than FRIRX's 0.71% expense ratio.
Return for Risk
VGSNX vs. FRIRX — Risk / Return Rank
VGSNX
FRIRX
VGSNX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Institutional Shares (VGSNX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX). 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.
| VGSNX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 0.98 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.27 | 1.30 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.14 | -0.92 |
Martin ratioReturn relative to average drawdown | 0.86 | 4.76 | -3.90 |
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
| VGSNX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.98 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.59 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.56 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.79 | -0.52 |
Correlation
The correlation between VGSNX and FRIRX is 0.91, 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
VGSNX vs. FRIRX - Dividend Comparison
VGSNX's dividend yield for the trailing twelve months is around 3.95%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.95% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.60% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
Drawdowns
VGSNX vs. FRIRX - Drawdown Comparison
The maximum VGSNX drawdown since its inception was -73.06%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for VGSNX and FRIRX.
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Drawdown Indicators
| VGSNX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -34.50% | -38.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -4.30% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.39% | -18.18% | -16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -34.50% | -7.80% |
Current DrawdownCurrent decline from peak | -9.48% | -2.71% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -13.36% | -3.30% | -10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.03% | +2.15% |
Volatility
VGSNX vs. FRIRX - Volatility Comparison
Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a higher volatility of 4.53% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that VGSNX's price experiences larger fluctuations and is considered to be riskier than FRIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSNX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 1.66% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 2.84% | +6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 4.91% | +11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 6.53% | +12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 9.49% | +11.42% |