- ISIN
- US3163896349
- Issuer
- Fidelity
- Inception Date
- Apr 4, 2007
- Category
- REIT
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FIRAX Performance Chart
Fidelity Advisor International Real Estate Fund Class A (FIRAX) is down 4.1% since the beginning of the year. FIRAX is currently trading at $10 per share. Investors who bought $1,000 worth of FIRAX shares 5 years ago would now be looking at an investment worth $833.
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Returns By Period
Fidelity Advisor International Real Estate Fund Class A (FIRAX) has returned -4.13% so far this year and 2.28% over the past 12 months. Over the last ten years, FIRAX has returned 3.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Advisor International Real Estate Fund Class A
- 1D
- -0.20%
- 1M
- -1.77%
- YTD
- -4.13%
- 6M
- -2.92%
- 1Y
- 2.28%
- 3Y*
- 2.92%
- 5Y*
- -3.60%
- 10Y*
- 3.18%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIRAX Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2006, FIRAX's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +19.7%, while the worst month was Oct 2008 at -21.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FIRAX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +14.7%, while the worst single day was Sep 29, 2008 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.22% | 5.43% | -12.05% | 4.17% | -2.10% | -2.73% | -4.13% | ||||||
| 2025 | 1.94% | 0.90% | 0.22% | 6.32% | 3.75% | 3.22% | -3.12% | 5.33% | 0.13% | -0.97% | 2.35% | 0.70% | 22.41% |
| 2024 | -4.34% | -2.58% | 3.92% | -3.87% | 2.86% | -2.88% | 5.94% | 2.90% | 4.19% | -8.29% | -1.68% | -5.20% | -9.70% |
| 2023 | 5.74% | -2.86% | -2.84% | 3.33% | -4.69% | -0.20% | 3.90% | -3.85% | -4.47% | -5.12% | 8.15% | 8.08% | 3.82% |
| 2022 | -5.10% | -3.43% | 1.85% | -6.60% | -0.57% | -8.33% | 5.79% | -7.32% | -12.60% | 0.65% | 7.42% | -0.60% | -26.82% |
| 2021 | -1.20% | 1.60% | 0.52% | 3.87% | 3.15% | -0.35% | 3.41% | 2.16% | -5.54% | 3.22% | -2.91% | 3.59% | 11.61% |
Benchmark Metrics
Fidelity Advisor International Real Estate Fund Class A has an annualized alpha of -3.64%, beta of 0.72, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since March 01, 2006.
- This fund participated in 104.92% of S&P 500 Index downside but only 74.34% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.64% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.64%
- Beta
- 0.72
- R²
- 0.54
- Upside Capture
- 74.34%
- Downside Capture
- 104.92%
Expense Ratio
FIRAX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FIRAX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor International Real Estate Fund Class A (FIRAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.78 | -2.66 |
| Martin ratioReturn relative to average drawdown | 0.31 | 12.44 | -12.13 |
Dividends
Dividend History
Fidelity Advisor International Real Estate Fund Class A provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.45 | $0.16 | $0.43 | $0.75 | $0.20 | $0.62 | $0.20 | $0.32 | $0.38 | $0.27 |
Dividend yield | 2.87% | 2.75% | 5.09% | 1.56% | 4.32% | 5.29% | 1.48% | 4.81% | 1.85% | 2.76% | 4.02% | 2.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor International Real Estate Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.09 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.12 | $0.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.06 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor International Real Estate Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor International Real Estate Fund Class A was 71.58%, occurring on Mar 9, 2009. Recovery took 2117 trading sessions.
The current Fidelity Advisor International Real Estate Fund Class A drawdown is 21.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.58%Mar 2009 | 2y 12d | 8y 4mo | 10y 5moFeb 2007 - Aug 2017 |
2023 bear market2023 | -37.46%Oct 2023 | 2y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -35.33%Mar 2020 | 1mo | 8mo 19d | 9mo 19dFeb 2020 - Dec 2020 |
2006 correction2006 | -14.81%Jun 2006 | 1mo 4d | 4mo 27d | 6mo 1dMay 2006 - Nov 2006 |
Rate-hike selloffLate 2018 | -12.08%Dec 2018 | 10mo 26d | 3mo 6d | 1y 1moJan 2018 - Mar 2019 |
Drawdown Indicators
| FIRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.58% | -56.78% | -14.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -9.10% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.15% | -18.90% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -37.46% | -25.43% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -37.46% | -33.92% | -3.54% |
Current DrawdownCurrent decline from peak | -21.81% | -1.80% | -20.01% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -10.71% | -9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 2.03% | +3.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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