Fidelity MSCI Real Estate Index ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$25.83
- Net Assets:$0 Million
- NAV:$26.1
- Premium-1.03%
- Peer Rank:92 of 161
- Investment Rating:C-
- Performance:C
- RiskC+
We rate Fidelity MSCI Real Estate Index ETF at C-. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Growth & Income strategy.
Total return ranks above peers over the last three years. The Fidelity MSCI Real Estate Index ETF has returned an annual rate of 4.52% since inception. More recently, the fund has generated a total return of 4.38% in the last five years, 3.45% in the last three years, and 3.94% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 44% of them. It has also outpaced 52% of its competitors on a three year basis and 23% of them over the last year for the period ending 2/29/2024. On a year to date basis, FREL has returned -2.03%.
Downside risk has been below average. FREL has a draw down risk of -36.84%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.2%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As FREL is an exchange traded fund, it has no front end or back end load.
The Fidelity MSCI Real Estate Index ETF is managed by Jennifer F.Y. Hsui at Fidelity Management & Research Co. This fund is one of 44 Fidelity Management & Research Co exchange-traded funds launched since 9/25/2003 that we track.