CREMX vs. FIKMX
CREMX (Redwood Real Estate Income Fund) and FIKMX (Fidelity Advisor Real Estate Income Fund Class Z) are both REIT funds. Over the past year, CREMX returned 7.47% vs 7.55% for FIKMX. At a 0.01 correlation, their price movements are largely independent. CREMX charges 5.16%/yr vs 0.59%/yr for FIKMX.
Performance
CREMX vs. FIKMX - Performance Comparison
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Returns By Period
In the year-to-date period, CREMX achieves a 3.39% return, which is significantly lower than FIKMX's 3.93% return.
CREMX
- 1D
- 0.04%
- 1M
- 0.52%
- YTD
- 3.39%
- 6M
- 3.58%
- 1Y
- 7.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIKMX
- 1D
- 0.08%
- 1M
- 0.08%
- YTD
- 3.93%
- 6M
- 4.36%
- 1Y
- 7.55%
- 3Y*
- 8.86%
- 5Y*
- 3.59%
- 10Y*
- —
CREMX vs. FIKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CREMX Redwood Real Estate Income Fund | 3.39% | 7.72% | 8.09% | 1.95% |
FIKMX Fidelity Advisor Real Estate Income Fund Class Z | 3.93% | 7.29% | 8.03% | 5.95% |
Correlation
The correlation between CREMX and FIKMX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023 | 0.01 |
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Return for Risk
CREMX vs. FIKMX — Risk / Return Rank
CREMX
FIKMX
CREMX vs. FIKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Real Estate Income Fund (CREMX) and Fidelity Advisor Real Estate Income Fund Class Z (FIKMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CREMX | FIKMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.93 | ||
| Sortino ratioReturn per unit of downside risk | +180.76 | ||
| Omega ratioGain probability vs. loss probability | 183.38 | 1.36 | +182.02 |
| Calmar ratioReturn relative to maximum drawdown | 191.47 | 2.31 | +189.15 |
| Martin ratioReturn relative to average drawdown | 3,021.27 | 10.01 | +3,011.25 |
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Drawdowns
CREMX vs. FIKMX - Drawdown Comparison
The maximum CREMX drawdown since its inception was -0.71%, smaller than the maximum FIKMX drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for CREMX and FIKMX.
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Drawdown Indicators
| CREMX | FIKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.71% | -34.49% | +33.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -3.43% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -5.11% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.79% | -0.79% |
Volatility
CREMX vs. FIKMX - Volatility Comparison
The current volatility for Redwood Real Estate Income Fund (CREMX) is 0.11%, while Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) has a volatility of 1.24%. This indicates that CREMX experiences smaller price fluctuations and is considered to be less risky than FIKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CREMX | FIKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 1.24% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 3.23% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.43% | 4.15% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 6.48% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 10.56% | -9.70% |
CREMX vs. FIKMX - Expense Ratio Comparison
CREMX has a 5.16% expense ratio, which is higher than FIKMX's 0.59% expense ratio.
Dividends
CREMX vs. FIKMX - Dividend Comparison
CREMX's dividend yield for the trailing twelve months is around 7.11%, more than FIKMX's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CREMX Redwood Real Estate Income Fund | 7.11% | 7.38% | 7.64% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIKMX Fidelity Advisor Real Estate Income Fund Class Z | 4.65% | 4.80% | 4.81% | 5.15% | 6.24% | 1.59% | 4.90% | 5.82% | 2.31% |
Frequently Asked Questions
CREMX and FIKMX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKMX has higher volatility (1.24%) compared to CREMX (0.11%). In terms of maximum drawdown, CREMX dropped -0.71% vs FIKMX's -34.49%.
CREMX currently has the higher Sharpe Ratio (17.85 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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