BREFX vs. FRIRX
Compare and contrast key facts about Baron Real Estate Fund Retail Shares (BREFX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
BREFX is an actively managed fund by Baron Capital. It was launched on Dec 31, 2009. FRIRX is managed by Fidelity.
Performance
BREFX vs. FRIRX - Performance Comparison
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BREFX vs. FRIRX - 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% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 0.00% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
Returns By Period
Over the past 10 years, BREFX has outperformed FRIRX with an annualized return of 10.01%, while FRIRX has yielded a comparatively lower 5.26% 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%
FRIRX
- 1D
- 0.33%
- 1M
- -3.11%
- YTD
- 0.00%
- 6M
- 0.98%
- 1Y
- 4.37%
- 3Y*
- 7.38%
- 5Y*
- 3.90%
- 10Y*
- 5.26%
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BREFX vs. FRIRX - Expense Ratio Comparison
BREFX has a 1.31% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
BREFX vs. FRIRX — Risk / Return Rank
BREFX
FRIRX
BREFX vs. FRIRX - 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 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.
| BREFX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.91 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.21 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.10 | -0.90 |
Martin ratioReturn relative to average drawdown | 0.58 | 4.66 | -4.08 |
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 | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.91 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.60 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.56 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.78 | -0.19 |
Correlation
The correlation between BREFX and FRIRX is 0.74, 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
BREFX vs. FRIRX - Dividend Comparison
BREFX's dividend yield for the trailing twelve months is around 3.96%, less than FRIRX's 4.62% 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% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.62% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
Drawdowns
BREFX vs. FRIRX - Drawdown Comparison
The maximum BREFX drawdown since its inception was -38.52%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for BREFX and FRIRX.
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Drawdown Indicators
| BREFX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.52% | -34.50% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -4.30% | -8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -18.18% | -15.87% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | -34.50% | -4.02% |
Current DrawdownCurrent decline from peak | -12.60% | -3.11% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -3.30% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 1.01% | +3.37% |
Volatility
BREFX vs. FRIRX - Volatility Comparison
Baron Real Estate Fund Retail Shares (BREFX) has a higher volatility of 5.36% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.57%. This indicates that BREFX'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
| BREFX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 1.57% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 2.81% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 4.91% | +14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 6.53% | +14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 9.49% | +11.65% |