ASA vs FREL

Comparison between ASA Gold and Precious Metals Ltd (ASA, ETF) and FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF).

5-Year PerformanceASA has outperformed FREL, delivering a return of +20.8% compared to +2.2%

ASA vs FREL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ASA(ETF)	FREL(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	N/A	0.08%
Max Drawdown	81.29%	43.46%
Sharpe Ratio	1.62	0.47
5Y Beta	0.68	0.53
P/E Ratio	N/A	34.39
Forward P/E	N/A	32.52
5Y Dividends CAGR	37.97%	1.14%
5Y EPS CAGR	N/A	9.52%
Debt to Equity	N/A	43.06%
P/S Ratio	N/A	5.34
P/B Ratio	N/A	2.66

Net Assets

ASA

$1.40B

FREL

$1.40B

Expense Ratio

ASA

N/A

FREL

0.08%

Max Drawdown

ASA

81.29%

Winner

FREL

43.46%

Sharpe Ratio

Winner

ASA

1.62

FREL

0.47

5Y Beta

ASA

0.68

Winner

FREL

0.53

P/E Ratio

ASA

N/A

FREL

34.39

Forward P/E

ASA

N/A

FREL

32.52

5Y Dividends CAGR

Winner

ASA

37.97%

FREL

1.14%

5Y EPS CAGR

ASA

N/A

FREL

9.52%

Debt to Equity

ASA

N/A

FREL

43.06%

P/S Ratio

ASA

N/A

FREL

5.34

P/B Ratio

ASA

N/A

FREL

2.66

ASA vs FREL - Historical Returns

Returns include dividend reinvestment.

Period	ASA	FREL
1 month	-2.33%	-1.92%
3 months	-23.26%	-0.90%
6 months	+16.27%	+6.14%
1 year	+85.57%	+9.26%
5 years(CAGR)	+20.77%	+2.24%
10 years(CAGR)	+18.33%	+5.75%
Max(CAGR)	+10.24%	+5.14%

ASA

-2.33%

Winner

FREL

-1.92%

ASA

-23.26%

Winner

FREL

-0.90%

Winner

ASA

+16.27%

FREL

+6.14%

Winner

ASA

+85.57%

FREL

+9.26%

5Y(CAGR)

Winner

ASA

+20.77%

FREL

+2.24%

10Y(CAGR)

Winner

ASA

+18.33%

FREL

+5.75%

Max(CAGR)

Winner

ASA

+10.24%

FREL

+5.14%

ASA vs FREL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ASA	FREL
2026	+7.07%	+7.32%
2025	+185.28%	+4.07%
2024	+33.84%	+4.10%
2023	+2.44%	+11.62%
2022	-31.22%	-25.63%
2021	-8.86%	+45.48%
2020	+59.82%	-3.56%
2019	+44.51%	+31.79%
2018	-17.92%	-4.08%
2017	-0.27%	+8.56%
2016	+52.33%	+9.36%
2015	-30.87%	-4.72%
2014	-18.39%	N/A
2013	-44.28%	N/A
2012	-18.82%	N/A
2011	-22.09%	N/A
2010	+32.28%	N/A
2009	+57.63%	N/A
2008	-31.94%	N/A
2007	+22.37%	N/A
2006	+10.44%	N/A
2005	+44.00%	N/A
2004	-9.96%	N/A
2003	+13.32%	N/A
2002	+111.50%	N/A
2001	+31.88%	N/A
2000	-18.67%	N/A
1999	-2.87%	N/A

ASA vs FREL Drawdown Comparison

The maximum drawdown for ASA was -80.31%, occurring on Jan 19, 2016. Recovery took 3643 trading sessions.

The maximum drawdown for FREL was -42.57%, occurring on Mar 23, 2020. Recovery took 293 trading sessions.

The current ASA drawdown is -23.28%. The current FREL drawdown is -4.12%.

Rank	ASA	FREL
#1	-80.31% Dec 6, 2010 - Jun 2, 2025	-42.57% Feb 14, 2020 - Apr 15, 2021
#2	-65.13% Mar 14, 2008 - Sep 14, 2010	-34.37% Dec 31, 2021 - Oct 25, 2023
#3	-35.70% Jun 3, 2002 - Dec 13, 2002	-15.67% Feb 5, 2015 - Apr 1, 2016
#4	-32.51% Feb 27, 2026 - Mar 20, 2026	-14.14% Aug 1, 2016 - Sep 18, 2017
#5	-31.72% Nov 10, 1999 - May 16, 2001	-12.75% Dec 6, 2018 - Jan 30, 2019
#6	-28.66% Dec 2, 2003 - Sep 29, 2005	-12.43% Dec 18, 2017 - Jun 29, 2018
#7	-27.87% May 9, 2006 - Sep 25, 2007	-8.54% Aug 29, 2018 - Dec 6, 2018
#8	-23.62% Jan 3, 2003 - Aug 11, 2003	-7.53% Sep 3, 2021 - Oct 28, 2021
#9	-23.37% May 18, 2001 - Jan 16, 2002	-5.49% Nov 24, 2021 - Dec 7, 2021
#10	-17.89% Feb 2, 2006 - Apr 19, 2006	-5.47% Oct 21, 2019 - Jan 16, 2020
#11	-17.24% Oct 16, 2025 - Dec 1, 2025	-5.38% May 10, 2016 - Jun 23, 2016
#12	-17.12% Jan 28, 2026 - Feb 24, 2026	-5.11% Jun 20, 2019 - Jul 10, 2019
#13	-15.06% Nov 6, 2007 - Jan 3, 2008	-4.48% Apr 30, 2021 - May 26, 2021
#14	-11.68% Feb 8, 2002 - Mar 22, 2002	-4.10% Apr 12, 2019 - Jun 5, 2019
#15	-11.43% Jun 5, 2025 - Aug 7, 2025	-3.80% Jul 10, 2019 - Aug 8, 2019

Correlation

Correlation between ASA and FREL is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2000 - 2026)

ASA vs FREL dividend yield comparison.

Year	ASA	FREL
2026	0.06%	0.87%
2025	0.10%	3.59%
2024	0.20%	3.48%
2023	0.13%	3.73%
2022	0.14%	3.57%
2021	0.09%	2.34%
2020	0.09%	3.77%
2019	0.15%	3.32%
2018	0.32%	5.54%
2017	0.35%	3.27%
2016	0.36%	4.01%
2015	0.56%	3.80%
2014	0.40%	0.00%
2013	1.47%	0.00%
2012	1.76%	0.00%
2011	1.37%	0.00%
2010	0.98%	0.00%
2009	1.81%	0.00%
2008	3.92%	0.00%
2007	3.06%	0.00%
2006	1.39%	0.00%
2005	1.64%	0.00%
2004	1.36%	0.00%
2003	1.76%	0.00%
2002	1.95%	0.00%
2001	4.00%	0.00%
2000	1.96%	0.00%