More than likely, you’re already familiar with Vanguard’s VGSLX fund. People love real estate because of its stable returns and ability to generate rental income.
But did you know there is also a Fidelity equivalent for VGSLX?
Continue reading to find out.
VGSLX: Vanguard Real Estate Index Fund
VGSLX follows an index and has no active management. It is diversified with REITs and other real estate-related investments.
The primary benchmark for this fund is the MSCI US Investable Market Real Estate 25/50 Index.
What Is the Fidelity Equivalent of VGSLX?
The Fidelity equivalent of VGSLX is Fidelity Real Estate Index Fund (FSRNX).
This fund invests in securities included in the MSCI US IMI Real Estate 25/25 Index.
Similar to its Vanguard peer, FSRNX is also diversified. Its real estate portfolio includes Infrastructure, Industrial, Apartments, Self Storage, Data Centers, Shopping Centers, and much more.
VGSLX vs. FSRNX: Key differences
Both VGSLX and FSRNX are real estate index funds. However, we still see a notable difference between them.
VGSLX has an expense ratio of 0.12% while FSRNX only cost 0.07%. The difference is 0.05% and it may not seem like a lot for now, but it can add up over time.
|Funds||Vanguard Real Estate Index Fund Admiral Shares||Fidelity® Real Estate Index Fund|
|Price||131.88 (NAV)||16.22 (NAV)|
|3-year total return||+3.66%||+0.94%|
|3-year standard deviation||20.95%||22.43%|
|Min. initial investment||3,000.00 USD||0.00 USD|
|Net expense ratio||0.12%||0.07%|
|Total net assets||22.37bn USD||2.62bn USD|
|Morningstar category||Real Estate||Real Estate|