BREFX vs. FIRIX
Compare and contrast key facts about Baron Real Estate Fund Retail Shares (BREFX) and Fidelity Advisor International Real Estate Fund Class I (FIRIX).
BREFX is an actively managed fund by Baron Capital. It was launched on Dec 31, 2009. FIRIX is managed by Fidelity. It was launched on Apr 4, 2007.
Performance
BREFX vs. FIRIX - Performance Comparison
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BREFX vs. FIRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BREFX Baron Real Estate Fund Retail Shares | -7.87% | 4.91% | 12.19% | 24.70% | -28.62% | 24.09% | 43.92% | 44.27% | -22.23% | 31.06% |
FIRIX Fidelity Advisor International Real Estate Fund Class I | -5.03% | 22.73% | -9.43% | 4.07% | -26.55% | 11.87% | 5.82% | 28.09% | -6.12% | 26.95% |
Returns By Period
In the year-to-date period, BREFX achieves a -7.87% return, which is significantly lower than FIRIX's -5.03% return. Over the past 10 years, BREFX has outperformed FIRIX with an annualized return of 10.01%, while FIRIX has yielded a comparatively lower 3.64% annualized return.
BREFX
- 1D
- -0.22%
- 1M
- -9.59%
- YTD
- -7.87%
- 6M
- -9.16%
- 1Y
- 3.66%
- 3Y*
- 8.11%
- 5Y*
- 1.53%
- 10Y*
- 10.01%
FIRIX
- 1D
- 0.20%
- 1M
- -13.64%
- YTD
- -5.03%
- 6M
- -2.99%
- 1Y
- 12.98%
- 3Y*
- 3.22%
- 5Y*
- -2.20%
- 10Y*
- 3.64%
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BREFX vs. FIRIX - Expense Ratio Comparison
BREFX has a 1.31% expense ratio, which is higher than FIRIX's 0.92% expense ratio.
Return for Risk
BREFX vs. FIRIX — Risk / Return Rank
BREFX
FIRIX
BREFX vs. FIRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund Retail Shares (BREFX) and Fidelity Advisor International Real Estate Fund Class I (FIRIX). 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.
| BREFX | FIRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.96 | -0.75 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.35 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.89 | -0.70 |
Martin ratioReturn relative to average drawdown | 0.58 | 3.90 | -3.33 |
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
| BREFX | FIRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.96 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.16 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.27 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.12 | +0.47 |
Correlation
The correlation between BREFX and FIRIX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BREFX vs. FIRIX - Dividend Comparison
BREFX's dividend yield for the trailing twelve months is around 3.96%, more than FIRIX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREFX Baron Real Estate Fund Retail Shares | 3.96% | 3.64% | 0.16% | 0.06% | 2.94% | 8.17% | 6.27% | 13.89% | 12.04% | 4.77% | 0.35% | 1.98% |
FIRIX Fidelity Advisor International Real Estate Fund Class I | 3.15% | 2.99% | 5.16% | 1.90% | 4.41% | 5.49% | 1.84% | 5.15% | 2.10% | 3.41% | 4.27% | 3.09% |
Drawdowns
BREFX vs. FIRIX - Drawdown Comparison
The maximum BREFX drawdown since its inception was -38.52%, smaller than the maximum FIRIX drawdown of -71.41%. Use the drawdown chart below to compare losses from any high point for BREFX and FIRIX.
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Drawdown Indicators
| BREFX | FIRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -71.41% | +32.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -13.82% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -37.07% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | -37.07% | -1.45% |
Current DrawdownCurrent decline from peak | -12.60% | -21.56% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -20.00% | +12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.17% | +1.21% |
Volatility
BREFX vs. FIRIX - Volatility Comparison
Baron Real Estate Fund Retail Shares (BREFX) and Fidelity Advisor International Real Estate Fund Class I (FIRIX) have volatilities of 5.36% and 5.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BREFX | FIRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 5.19% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 8.70% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 12.91% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 13.55% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 13.67% | +7.47% |