Fidelity Advisor Real Estate Income Fund Class I (FRIRX)

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Fidelity Advisor Real Estate Income Fund Class I (FRIRX) is up 3.9% since the beginning of the year. FRIRX is currently trading at $13 per share. Investors who bought $1,000 worth of FRIRX shares 5 years ago would now be looking at an investment worth $1,185.

Fidelity Advisor Real Estate Income Fund Class I (FRIRX) has returned 3.89% so far this year and 7.36% over the past 12 months. Over the last ten years, FRIRX has returned 5.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Apr 20, 2010, FRIRX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +8.9%, while the worst month was Mar 2020 at -24.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FRIRX closed higher 52% of trading days. The best single day was Mar 26, 2020 with a return of +7.8%, while the worst single day was Mar 18, 2020 at -10.6%.

Fidelity Advisor Real Estate Income Fund Class I has an annualized alpha of 2.93%, beta of 0.30, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since April 20, 2010.

• This fund participated in 43.49% of S&P 500 Index downside but only 41.55% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.30 may look defensive, but with R2 of 0.40 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 0.40 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

FRIRX has an expense ratio of 0.71%, placing it in the medium range.

FRIRX ranks 48 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.

Fidelity Advisor Real Estate Income Fund Class I provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.56 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Real Estate Income Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Advisor Real Estate Income Fund Class I. 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 Real Estate Income Fund Class I was 34.50%, occurring on Mar 24, 2020. Recovery took 244 trading sessions.

The current Fidelity Advisor Real Estate Income Fund Class I drawdown is 0.64%.

The chart below shows the rolling one-month volatility.