BRIIX vs. FRIRX
Compare and contrast key facts about Baron Real Estate Income Fund (BRIIX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017. FRIRX is managed by Fidelity.
Performance
BRIIX vs. FRIRX - Performance Comparison
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BRIIX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BRIIX Baron Real Estate Income Fund | 1.12% | 3.73% | 17.32% | 15.52% | -27.49% | 29.29% | 22.32% | 36.54% | -11.02% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 0.41% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% |
Returns By Period
In the year-to-date period, BRIIX achieves a 1.12% return, which is significantly higher than FRIRX's 0.41% return.
BRIIX
- 1D
- 1.77%
- 1M
- -5.14%
- YTD
- 1.12%
- 6M
- 0.24%
- 1Y
- 5.62%
- 3Y*
- 10.72%
- 5Y*
- 4.00%
- 10Y*
- —
FRIRX
- 1D
- 0.41%
- 1M
- -2.56%
- YTD
- 0.41%
- 6M
- 1.15%
- 1Y
- 4.63%
- 3Y*
- 7.52%
- 5Y*
- 3.80%
- 10Y*
- 5.31%
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BRIIX vs. FRIRX - Expense Ratio Comparison
BRIIX has a 1.08% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
BRIIX vs. FRIRX — Risk / Return Rank
BRIIX
FRIRX
BRIIX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) 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.
| BRIIX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.98 | -0.61 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.30 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.14 | -0.60 |
Martin ratioReturn relative to average drawdown | 2.34 | 4.76 | -2.42 |
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
| BRIIX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.98 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.59 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Correlation
The correlation between BRIIX and FRIRX is 0.85, 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
BRIIX vs. FRIRX - Dividend Comparison
BRIIX's dividend yield for the trailing twelve months is around 1.60%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIIX Baron Real Estate Income Fund | 1.60% | 1.70% | 1.39% | 1.95% | 2.00% | 1.21% | 0.77% | 1.12% | 3.03% | 0.00% | 0.00% | 0.00% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.60% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
Drawdowns
BRIIX vs. FRIRX - Drawdown Comparison
The maximum BRIIX drawdown since its inception was -37.06%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for BRIIX and FRIRX.
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Drawdown Indicators
| BRIIX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -34.50% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -4.30% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.86% | -18.18% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.50% | — |
Current DrawdownCurrent decline from peak | -5.92% | -2.71% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -3.30% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.03% | +1.86% |
Volatility
BRIIX vs. FRIRX - Volatility Comparison
Baron Real Estate Income Fund (BRIIX) has a higher volatility of 4.77% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that BRIIX'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
| BRIIX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 1.66% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 2.84% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 4.91% | +11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 6.53% | +11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 9.49% | +11.23% |