FHEAX vs. CREMX

Last updated Jun 4, 2026

FHEAX (Fidelity Advisor Real Estate Fund Class A) and CREMX (Redwood Real Estate Income Fund) are both REIT funds. At a 0.00 correlation, their price movements are largely independent. FHEAX charges 1.07%/yr vs 5.16%/yr for CREMX.

Performance

FHEAX vs. CREMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Real Estate Fund Class A (FHEAX) and Redwood Real Estate Income Fund (CREMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHEAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CREMX

• 1D: 0.04%
• 1M: 0.56%
• YTD: 3.06%
• 6M: 3.67%
• 1Y: 7.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHEAX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FHEAX Fidelity Advisor Real Estate Fund Class A	2.72%	-9.44%	-1.36%	10.44%
CREMX Redwood Real Estate Income Fund	3.06%	7.72%	8.09%	1.95%

Correlation

The correlation between FHEAX and CREMX is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.00

Return for Risk

FHEAX vs. CREMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CREMX

CREMX Risk / Return Rank: 100
CREMX Sharpe Ratio Rank: 100
CREMX Sortino Ratio Rank: 100
CREMX Omega Ratio Rank: 100
CREMX Calmar Ratio Rank: 100
CREMX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHEAX vs. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class A (FHEAX) and Redwood Real Estate Income Fund (CREMX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FHEAX	CREMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	17.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	8.97	—

Drawdowns

Drawdown Indicators

	FHEAX	CREMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.04%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.02%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	FHEAX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.86%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.86%	—

FHEAX vs. CREMX - Expense Ratio Comparison

FHEAX has a 1.07% expense ratio, which is lower than CREMX's 5.16% expense ratio.

Dividends

FHEAX vs. CREMX - Dividend Comparison

FHEAX's dividend yield for the trailing twelve months is around 0.92%, less than CREMX's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREMX Redwood Real Estate Income Fund	7.14%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FHEAX Fidelity Advisor Real Estate Fund Class A	0.92%	0.94%	0.81%	2.14%	18.65%	5.73%	3.75%	8.35%	6.13%	6.59%	6.90%	3.50%

Frequently Asked Questions

Can I hold both FHEAX and CREMX in my portfolio?

FHEAX and CREMX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.