FREL vs BWX

Comparison between FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF) and SPDR Bloomberg International Treasury Bond ETF (BWX, ETF).

5-Year PerformanceFREL has outperformed BWX, delivering a return of +2.2% compared to -4.3%

FREL vs BWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FREL(ETF)	BWX(ETF)
Net Assets	$1.40B	$1.50B
Expense Ratio	0.08%	0.35%
Max Drawdown	43.46%	35.95%
Sharpe Ratio	0.47	-0.66
5Y Beta	0.53	0.00
P/E Ratio	34.39	N/A
Forward P/E	32.52	N/A
5Y Dividends CAGR	1.14%	13.39%
5Y EPS CAGR	9.52%	N/A
Debt to Equity	43.06%	N/A
P/S Ratio	5.34	N/A
P/B Ratio	2.66	N/A

Net Assets

FREL

$1.40B

Winner

BWX

$1.50B

Expense Ratio

Winner

FREL

0.08%

BWX

0.35%

Max Drawdown

FREL

43.46%

Winner

BWX

35.95%

Sharpe Ratio

Winner

FREL

0.47

BWX

-0.66

5Y Beta

FREL

0.53

Winner

BWX

0.00

P/E Ratio

FREL

34.39

BWX

N/A

Forward P/E

FREL

32.52

BWX

N/A

5Y Dividends CAGR

FREL

1.14%

Winner

BWX

13.39%

5Y EPS CAGR

FREL

9.52%

BWX

N/A

Debt to Equity

FREL

43.06%

BWX

N/A

P/S Ratio

FREL

5.34

BWX

N/A

P/B Ratio

FREL

2.66

BWX

N/A

FREL vs BWX - Historical Returns

Returns include dividend reinvestment.

Period	FREL	BWX
1 month	-1.92%	-0.70%
3 months	-0.90%	-2.45%
6 months	+6.14%	-0.66%
1 year	+9.26%	-2.08%
5 years(CAGR)	+2.24%	-4.35%
10 years(CAGR)	+5.75%	-1.01%
Max(CAGR)	+5.14%	+0.54%

FREL

-1.92%

Winner

BWX

-0.70%

Winner

FREL

-0.90%

BWX

-2.45%

Winner

FREL

+6.14%

BWX

-0.66%

Winner

FREL

+9.26%

BWX

-2.08%

5Y(CAGR)

Winner

FREL

+2.24%

BWX

-4.35%

10Y(CAGR)

Winner

FREL

+5.75%

BWX

-1.01%

Max(CAGR)

Winner

FREL

+5.14%

BWX

+0.54%

FREL vs BWX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FREL	BWX
2026	+7.32%	-1.06%
2025	+4.07%	+8.27%
2024	+4.10%	-5.03%
2023	+11.62%	+5.34%
2022	-25.63%	-18.75%
2021	+45.48%	-9.16%
2020	-3.56%	+9.62%
2019	+31.79%	+5.62%
2018	-4.08%	-2.40%
2017	+8.56%	+11.31%
2016	+9.36%	+0.66%
2015	-4.72%	-6.28%
2014	N/A	-1.91%
2013	N/A	-3.28%
2012	N/A	+4.56%
2011	N/A	+4.00%
2010	N/A	+3.73%
2009	N/A	+6.31%
2008	N/A	+3.55%
2007	N/A	+3.97%

FREL vs BWX Drawdown Comparison

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

The maximum drawdown for BWX was -34.05%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current FREL drawdown is -4.12%. The current BWX drawdown is -23.50%.

Rank	FREL	BWX
#1	-42.57% Feb 14, 2020 - Apr 15, 2021	-34.05% Jan 5, 2021 - Oct 20, 2022
#2	-34.37% Dec 31, 2021 - Oct 25, 2023	-23.01% Mar 14, 2008 - Sep 8, 2009
#3	-15.67% Feb 5, 2015 - Apr 1, 2016	-15.41% Jul 1, 2014 - Mar 3, 2020
#4	-14.14% Aug 1, 2016 - Sep 18, 2017	-13.37% Mar 9, 2020 - Jul 27, 2020
#5	-12.75% Dec 6, 2018 - Jan 30, 2019	-12.97% Dec 1, 2009 - Oct 1, 2010
#6	-12.43% Dec 18, 2017 - Jun 29, 2018	-9.13% Oct 17, 2012 - May 6, 2014
#7	-8.54% Aug 29, 2018 - Dec 6, 2018	-8.63% Nov 4, 2010 - Apr 27, 2011
#8	-7.53% Sep 3, 2021 - Oct 28, 2021	-8.10% Aug 23, 2011 - Sep 11, 2012
#9	-5.49% Nov 24, 2021 - Dec 7, 2021	-4.57% Nov 26, 2007 - Jan 14, 2008
#10	-5.47% Oct 21, 2019 - Jan 16, 2020	-3.41% May 2, 2011 - Jun 3, 2011
#11	-5.38% May 10, 2016 - Jun 23, 2016	-3.37% Jun 7, 2011 - Aug 9, 2011
#12	-5.11% Jun 20, 2019 - Jul 10, 2019	-2.68% Oct 14, 2010 - Nov 4, 2010
#13	-4.48% Apr 30, 2021 - May 26, 2021	-1.78% Aug 6, 2020 - Oct 21, 2020
#14	-4.10% Apr 12, 2019 - Jun 5, 2019	-1.69% Oct 8, 2009 - Nov 9, 2009
#15	-3.80% Jul 10, 2019 - Aug 8, 2019	-1.47% Feb 1, 2008 - Feb 27, 2008

Correlation

Correlation between FREL and BWX is -0.23 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.23

-101

Dividend Comparison (2007 - 2026)

FREL vs BWX dividend yield comparison.

Year	FREL	BWX
2026	0.87%	0.97%
2025	3.59%	2.19%
2024	3.48%	1.99%
2023	3.73%	1.62%
2022	3.57%	1.23%
2021	2.34%	0.93%
2020	3.77%	0.95%
2019	3.32%	1.16%
2018	5.54%	1.07%
2017	3.27%	0.46%
2016	4.01%	0.00%
2015	3.80%	0.00%
2014	0.00%	1.77%
2013	0.00%	1.88%
2012	0.00%	1.80%
2011	0.00%	3.35%
2010	0.00%	1.08%
2009	0.00%	0.87%
2008	0.00%	2.98%
2007	0.00%	0.59%