FREL vs ASA

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

5-Year PerformanceASA has outperformed FREL, delivering a return of +25.0% compared to +3.4%

FREL vs ASA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FREL(ETF)	ASA(ETF)
Net Assets	$1.30B	$1.40B
Expense Ratio	0.08%	N/A
Max Drawdown	43.46%	81.29%
Sharpe Ratio	0.69	1.92
5Y Beta	0.54	0.65
P/E Ratio	33.38	N/A
Forward P/E	32.48	N/A
5Y Dividends CAGR	1.14%	37.97%
5Y EPS CAGR	9.30%	N/A
Debt to Equity	4.49%	N/A
P/S Ratio	5.39	N/A
P/B Ratio	2.64	N/A

Net Assets

FREL

$1.30B

Winner

ASA

$1.40B

Expense Ratio

FREL

0.08%

ASA

N/A

Max Drawdown

Winner

FREL

43.46%

ASA

81.29%

Sharpe Ratio

FREL

0.69

Winner

ASA

1.92

5Y Beta

Winner

FREL

0.54

ASA

0.65

P/E Ratio

FREL

33.38

ASA

N/A

Forward P/E

FREL

32.48

ASA

N/A

5Y Dividends CAGR

FREL

1.14%

Winner

ASA

37.97%

5Y EPS CAGR

FREL

9.30%

ASA

N/A

Debt to Equity

FREL

4.49%

ASA

N/A

P/S Ratio

FREL

5.39

ASA

N/A

P/B Ratio

FREL

2.64

ASA

N/A

FREL vs ASA - Historical Returns

Returns include dividend reinvestment.

Period	FREL	ASA
1 month	+4.97%	+6.31%
3 months	+5.32%	-1.90%
6 months	+9.00%	+50.77%
1 year	+13.21%	+130.76%
5 years(CAGR)	+3.42%	+25.02%
10 years(CAGR)	+5.78%	+19.10%
Max(CAGR)	+5.41%	+10.70%

FREL

+4.97%

Winner

ASA

+6.31%

Winner

FREL

+5.32%

ASA

-1.90%

FREL

+9.00%

Winner

ASA

+50.77%

FREL

+13.21%

Winner

ASA

+130.76%

5Y(CAGR)

FREL

+3.42%

Winner

ASA

+25.02%

10Y(CAGR)

FREL

+5.78%

Winner

ASA

+19.10%

Max(CAGR)

FREL

+5.41%

Winner

ASA

+10.70%

FREL vs ASA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FREL	ASA
2026	+10.17%	+18.74%
2025	+4.07%	+185.28%
2024	+4.10%	+33.84%
2023	+11.62%	+2.44%
2022	-25.63%	-31.22%
2021	+45.48%	-8.86%
2020	-3.56%	+59.82%
2019	+31.79%	+44.51%
2018	-4.08%	-17.92%
2017	+8.56%	-0.27%
2016	+9.36%	+52.33%
2015	-4.72%	-30.87%
2014	N/A	-18.39%
2013	N/A	-44.28%
2012	N/A	-18.82%
2011	N/A	-22.09%
2010	N/A	+32.28%
2009	N/A	+57.63%
2008	N/A	-31.94%
2007	N/A	+22.37%
2006	N/A	+10.44%
2005	N/A	+44.00%
2004	N/A	-9.96%
2003	N/A	+13.32%
2002	N/A	+111.50%
2001	N/A	+31.88%
2000	N/A	-18.67%
1999	N/A	-2.87%

FREL vs ASA Drawdown Comparison

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

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

The current FREL drawdown is -1.57%. The current ASA drawdown is -14.92%.

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

Correlation

Correlation between FREL and ASA 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)

FREL vs ASA dividend yield comparison.

Year	FREL	ASA
2026	0.85%	0.06%
2025	3.59%	0.10%
2024	3.48%	0.20%
2023	3.73%	0.13%
2022	3.57%	0.14%
2021	2.34%	0.09%
2020	3.77%	0.09%
2019	3.32%	0.15%
2018	5.54%	0.32%
2017	3.27%	0.35%
2016	4.01%	0.36%
2015	3.80%	0.56%
2014	0.00%	0.40%
2013	0.00%	1.47%
2012	0.00%	1.76%
2011	0.00%	1.37%
2010	0.00%	0.98%
2009	0.00%	1.81%
2008	0.00%	3.92%
2007	0.00%	3.06%
2006	0.00%	1.39%
2005	0.00%	1.64%
2004	0.00%	1.36%
2003	0.00%	1.76%
2002	0.00%	1.95%
2001	0.00%	4.00%
2000	0.00%	1.96%