BIRDX vs. FRIRX
Compare and contrast key facts about iShares Developed Real Estate Index Fund (BIRDX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
BIRDX is managed by BlackRock. It was launched on Aug 12, 2015. FRIRX is managed by Fidelity.
Performance
BIRDX vs. FRIRX - Performance Comparison
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BIRDX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 2.82% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | -0.25% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
Returns By Period
In the year-to-date period, BIRDX achieves a 2.82% return, which is significantly higher than FRIRX's -0.25% return. Over the past 10 years, BIRDX has underperformed FRIRX with an annualized return of 3.33%, while FRIRX has yielded a comparatively higher 5.24% annualized return.
BIRDX
- 1D
- 1.08%
- 1M
- -5.73%
- YTD
- 2.82%
- 6M
- 2.40%
- 1Y
- 10.31%
- 3Y*
- 7.90%
- 5Y*
- 2.41%
- 10Y*
- 3.33%
FRIRX
- 1D
- -0.66%
- 1M
- -3.04%
- YTD
- -0.25%
- 6M
- 0.56%
- 1Y
- 3.94%
- 3Y*
- 7.29%
- 5Y*
- 3.66%
- 10Y*
- 5.24%
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BIRDX vs. FRIRX - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is lower than FRIRX's 0.71% expense ratio.
Return for Risk
BIRDX vs. FRIRX — Risk / Return Rank
BIRDX
FRIRX
BIRDX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BIRDX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.80 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.06 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.96 | +0.07 |
Martin ratioReturn relative to average drawdown | 4.02 | 3.92 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIRDX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.80 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.56 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.55 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.78 | -0.58 |
Correlation
The correlation between BIRDX and FRIRX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIRDX vs. FRIRX - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 6.65%, more than FRIRX's 4.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.65% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% | 0.00% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.63% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
Drawdowns
BIRDX vs. FRIRX - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for BIRDX and FRIRX.
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Drawdown Indicators
| BIRDX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -34.50% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -3.74% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -18.18% | -14.36% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -34.50% | -8.53% |
Current DrawdownCurrent decline from peak | -10.21% | -3.35% | -6.86% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -3.30% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.05% | +1.72% |
Volatility
BIRDX vs. FRIRX - Volatility Comparison
iShares Developed Real Estate Index Fund (BIRDX) has a higher volatility of 4.77% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.75%. This indicates that BIRDX's price experiences larger fluctuations and is considered to be riskier than FRIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIRDX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 1.75% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 2.91% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 4.96% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 6.52% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 9.49% | +9.58% |