CNREX vs. FRIRX
Compare and contrast key facts about Commonwealth Real Estate Securities Fund (CNREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
CNREX is managed by Commonwealth Intl Series Tr. It was launched on Jan 5, 2004. FRIRX is managed by Fidelity.
Performance
CNREX vs. FRIRX - Performance Comparison
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CNREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNREX Commonwealth Real Estate Securities Fund | -0.14% | -2.53% | 5.97% | 23.54% | -23.80% | 33.89% | -2.86% | 28.68% | -14.70% | 14.60% |
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% | 6.23% |
Returns By Period
In the year-to-date period, CNREX achieves a -0.14% return, which is significantly lower than FRIRX's 0.41% return. Both investments have delivered pretty close results over the past 10 years, with CNREX having a 5.25% annualized return and FRIRX not far ahead at 5.31%.
CNREX
- 1D
- 2.57%
- 1M
- -8.38%
- YTD
- -0.14%
- 6M
- -3.74%
- 1Y
- 1.11%
- 3Y*
- 6.65%
- 5Y*
- 3.24%
- 10Y*
- 5.25%
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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CNREX vs. FRIRX - Expense Ratio Comparison
CNREX has a 2.44% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
CNREX vs. FRIRX — Risk / Return Rank
CNREX
FRIRX
CNREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commonwealth Real Estate Securities Fund (CNREX) 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.
| CNREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 0.98 | -0.90 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.30 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.14 | -0.99 |
Martin ratioReturn relative to average drawdown | 0.39 | 4.76 | -4.37 |
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
| CNREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.98 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.59 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.56 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.79 | -0.59 |
Correlation
The correlation between CNREX and FRIRX is 0.84, 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
CNREX vs. FRIRX - Dividend Comparison
CNREX's dividend yield for the trailing twelve months is around 3.14%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNREX Commonwealth Real Estate Securities Fund | 3.14% | 3.13% | 1.83% | 0.00% | 0.59% | 0.68% | 0.00% | 0.85% | 0.72% | 0.34% | 0.00% | 1.52% |
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
CNREX vs. FRIRX - Drawdown Comparison
The maximum CNREX drawdown since its inception was -68.03%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for CNREX and FRIRX.
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Drawdown Indicators
| CNREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.03% | -34.50% | -33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -4.30% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -31.39% | -18.18% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.62% | -34.50% | -10.12% |
Current DrawdownCurrent decline from peak | -11.12% | -2.71% | -8.41% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -3.30% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.03% | +3.92% |
Volatility
CNREX vs. FRIRX - Volatility Comparison
Commonwealth Real Estate Securities Fund (CNREX) has a higher volatility of 6.09% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that CNREX'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
| CNREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 1.66% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 2.84% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 4.91% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 6.53% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 9.49% | +9.43% |