FREL vs ZROZ

Comparison between FIDELITY MSCI REAL ESTATE INDEX ETF (FREL, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

5-Year PerformanceFREL has outperformed ZROZ, delivering a return of +2.2% compared to -11.3%

FREL vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FREL(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.08%	0.15%
Max Drawdown	43.46%	68.71%
Sharpe Ratio	0.47	-0.03
5Y Beta	0.53	0.11
P/E Ratio	34.39	N/A
Forward P/E	32.52	N/A
5Y Dividends CAGR	1.14%	3.66%
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

ZROZ

$1.40B

Expense Ratio

Winner

FREL

0.08%

ZROZ

0.15%

Max Drawdown

Winner

FREL

43.46%

ZROZ

68.71%

Sharpe Ratio

Winner

FREL

0.47

ZROZ

-0.03

5Y Beta

FREL

0.53

Winner

ZROZ

0.11

P/E Ratio

FREL

34.39

ZROZ

N/A

Forward P/E

FREL

32.52

ZROZ

N/A

5Y Dividends CAGR

FREL

1.14%

Winner

ZROZ

3.66%

5Y EPS CAGR

FREL

9.52%

ZROZ

N/A

Debt to Equity

FREL

43.06%

ZROZ

N/A

P/S Ratio

FREL

5.34

ZROZ

N/A

P/B Ratio

FREL

2.66

ZROZ

N/A

FREL vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	FREL	ZROZ
1 month	-1.92%	+0.45%
3 months	-0.90%	-5.66%
6 months	+6.14%	-3.87%
1 year	+9.26%	+3.92%
5 years(CAGR)	+2.24%	-11.35%
10 years(CAGR)	+5.75%	-3.86%
Max(CAGR)	+5.14%	+2.11%

FREL

-1.92%

Winner

ZROZ

+0.45%

Winner

FREL

-0.90%

ZROZ

-5.66%

Winner

FREL

+6.14%

ZROZ

-3.87%

Winner

FREL

+9.26%

ZROZ

+3.92%

5Y(CAGR)

Winner

FREL

+2.24%

ZROZ

-11.35%

10Y(CAGR)

Winner

FREL

+5.75%

ZROZ

-3.86%

Max(CAGR)

Winner

FREL

+5.14%

ZROZ

+2.11%

FREL vs ZROZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	FREL	ZROZ
2026	+7.32%	-0.54%
2025	+4.07%	-1.87%
2024	+4.10%	-15.03%
2023	+11.62%	-1.52%
2022	-25.63%	-39.26%
2021	+45.48%	-4.79%
2020	-3.56%	+22.56%
2019	+31.79%	+20.05%
2018	-4.08%	-3.51%
2017	+8.56%	+13.87%
2016	+9.36%	-0.31%
2015	-4.72%	-7.39%
2014	N/A	+48.29%
2013	N/A	-19.11%
2012	N/A	+3.51%
2011	N/A	+61.75%
2010	N/A	+9.96%
2009	N/A	-6.29%

FREL vs ZROZ Drawdown Comparison

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

The maximum drawdown for ZROZ was -62.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current FREL drawdown is -4.12%. The current ZROZ drawdown is -59.91%.

Rank	FREL	ZROZ
#1	-42.57% Feb 14, 2020 - Apr 15, 2021	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-34.37% Dec 31, 2021 - Oct 25, 2023	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-15.67% Feb 5, 2015 - Apr 1, 2016	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-14.14% Aug 1, 2016 - Sep 18, 2017	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-12.75% Dec 6, 2018 - Jan 30, 2019	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-12.43% Dec 18, 2017 - Jun 29, 2018	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-8.54% Aug 29, 2018 - Dec 6, 2018	-17.49% Dec 19, 2011 - May 17, 2012
#8	-7.53% Sep 3, 2021 - Oct 28, 2021	-15.67% Nov 27, 2009 - May 6, 2010
#9	-5.49% Nov 24, 2021 - Dec 7, 2021	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-5.47% Oct 21, 2019 - Jan 16, 2020	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-5.38% May 10, 2016 - Jun 23, 2016	-8.29% May 6, 2010 - May 20, 2010
#12	-5.11% Jun 20, 2019 - Jul 10, 2019	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-4.48% Apr 30, 2021 - May 26, 2021	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-4.10% Apr 12, 2019 - Jun 5, 2019	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-3.80% Jul 10, 2019 - Aug 8, 2019	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between FREL and ZROZ is -0.15 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.15

-101

Dividend Comparison (2009 - 2026)

FREL vs ZROZ dividend yield comparison.

Year	FREL	ZROZ
2026	0.87%	1.31%
2025	3.59%	4.96%
2024	3.48%	4.58%
2023	3.73%	3.52%
2022	3.57%	2.76%
2021	2.34%	1.60%
2020	3.77%	1.68%
2019	3.32%	2.22%
2018	5.54%	2.06%
2017	3.27%	2.53%
2016	4.01%	3.00%
2015	3.80%	2.98%
2014	0.00%	2.60%
2013	0.00%	4.28%
2012	0.00%	3.16%
2011	0.00%	2.99%
2010	0.00%	4.55%
2009	0.00%	0.74%