- ISIN
- US3163898659
- CUSIP
- 316389865
- Issuer
- Fidelity
- Inception Date
- Feb 4, 2003
- Category
- REIT
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FRIFX Performance Chart
Fidelity Real Estate Income Fund (FRIFX) is up 3.9% since the beginning of the year. FRIFX is currently trading at $13 per share. Investors who bought $1,000 worth of FRIFX shares 5 years ago would now be looking at an investment worth $1,192.
Loading charts...
Returns By Period
Fidelity Real Estate Income Fund (FRIFX) has returned 3.88% so far this year and 7.77% over the past 12 months. Over the last ten years, FRIFX has returned 5.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Real Estate Income Fund
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 3.88%
- 6M
- 4.14%
- 1Y
- 7.77%
- 3Y*
- 8.36%
- 5Y*
- 3.57%
- 10Y*
- 5.31%
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%
FRIFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2003, FRIFX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2009 with a return of +11.9%, while the worst month was Mar 2020 at -24.5%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FRIFX closed higher 51% of trading days. The best single day was Mar 26, 2020 with a return of +7.8%, while the worst single day was Feb 4, 2003 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | 2.36% | -2.70% | 3.21% | 0.32% | -0.08% | 3.88% | ||||||
| 2025 | 1.01% | 2.24% | -0.57% | -0.56% | 0.50% | 0.99% | 0.32% | 1.48% | 0.57% | -0.02% | 0.90% | 0.12% | 7.16% |
| 2024 | 0.00% | 0.35% | 0.95% | -2.39% | 2.65% | 1.12% | 2.96% | 2.50% | 1.95% | -1.31% | 1.15% | -2.08% | 7.93% |
| 2023 | 6.19% | -2.03% | -1.90% | 1.14% | -1.41% | 2.32% | 1.03% | -1.05% | -2.74% | -2.46% | 6.12% | 4.31% | 9.32% |
| 2022 | -2.83% | -1.94% | 1.37% | -3.08% | -1.01% | -4.77% | 4.40% | -2.31% | -6.69% | -0.00% | 3.32% | -1.52% | -14.54% |
| 2021 | 0.42% | 2.62% | 2.97% | 3.12% | 0.93% | 2.16% | 1.73% | 1.18% | -1.58% | 2.01% | -0.80% | 2.79% | 18.90% |
Benchmark Metrics
Fidelity Real Estate Income Fund has an annualized alpha of 3.28%, beta of 0.29, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since January 08, 2003.
- This fund participated in 47.62% of S&P 500 Index downside but only 46.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 may look defensive, but with R2 of 0.42 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.42 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.28%
- Beta
- 0.29
- R²
- 0.42
- Upside Capture
- 46.72%
- Downside Capture
- 47.62%
Expense Ratio
FRIFX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRIFX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) 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.
| FRIFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.78 | -0.47 |
| Martin ratioReturn relative to average drawdown | 10.13 | 12.44 | -2.31 |
Dividends
Dividend History
Fidelity Real Estate Income Fund provided a 4.55% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.56 | $0.58 | $0.67 | $0.20 | $0.56 | $0.71 | $0.57 | $0.53 | $0.59 | $0.41 |
Dividend yield | 4.55% | 4.69% | 4.65% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 5.08% | 4.40% | 4.98% | 3.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Real Estate Income Fund. 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 | $0.11 | $0.00 | $0.00 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.16 | $0.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.17 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.17 | $0.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.20 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 | $0.20 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Real Estate Income Fund. 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 Real Estate Income Fund was 38.27%, occurring on Dec 1, 2008. Recovery took 318 trading sessions.
The current Fidelity Real Estate Income Fund drawdown is 0.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -38.27%Dec 2008 | 1y 9mo | 1y 3mo | 3y 17dFeb 2007 - Mar 2010 |
COVID crash2020 | -34.50%Mar 2020 | 1mo 2d | 11mo 23d | 1y 20dFeb 2020 - Mar 2021 |
Bear market2022 | -18.12%Oct 2022 | 9mo 24d | 1y 10mo | 2y 7moJan 2022 - Aug 2024 |
2003 correction2003 | -11.89%Feb 2003 | 10d | 7mo 20d | 8moFeb 2003 - Oct 2003 |
2011 pullback2011 | -8.27%Oct 2011 | 2mo 10d | 3mo 16d | 5mo 26dJul 2011 - Jan 2012 |
Drawdown Indicators
| FRIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -56.78% | +18.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -9.10% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -18.90% | +11.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -25.43% | +7.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -33.92% | -0.58% |
Current DrawdownCurrent decline from peak | -0.63% | -1.80% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -10.71% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.03% | -1.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FRIFX
Add Fidelity Real Estate Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FRIFX