FHEAX vs. QREARX

Last updated Jun 4, 2026

FHEAX (Fidelity Advisor Real Estate Fund Class A) and QREARX (TIAA Real Estate Account) are both REIT funds. At a correlation of -0.09, they often move in opposite directions. FHEAX charges 1.07%/yr vs 0.90%/yr for QREARX.

Performance

FHEAX vs. QREARX - Performance Comparison

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

Returns By Period

FHEAX

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

QREARX

• 1D: 0.01%
• 1M: 0.13%
• YTD: 0.95%
• 6M: 1.11%
• 1Y: 3.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHEAX vs. QREARX - Yearly Performance Comparison

	2026 (YTD)	2025
FHEAX Fidelity Advisor Real Estate Fund Class A	2.72%	-9.71%
QREARX TIAA Real Estate Account	0.95%	3.93%

Correlation

The correlation between FHEAX and QREARX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	-0.09

Return for Risk

FHEAX vs. QREARX — Risk / Return Rank

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

QREARX

QREARX Risk / Return Rank: 98
QREARX Sharpe Ratio Rank: 99
QREARX Sortino Ratio Rank: 98
QREARX Omega Ratio Rank: 98
QREARX Calmar Ratio Rank: 98
QREARX Martin Ratio Rank: 98

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. QREARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class A (FHEAX) and TIAA Real Estate Account (QREARX). 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	QREARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.12	—

Drawdowns

Drawdown Indicators

	FHEAX	QREARX	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.37%	—
Current Drawdown Current decline from peak	—	-0.06%	—
Average Drawdown Average peak-to-trough decline	—	-0.06%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.10%	—

Volatility

Volatility by Period

	FHEAX	QREARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.66%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.66%	—

FHEAX vs. QREARX - Expense Ratio Comparison

FHEAX has a 1.07% expense ratio, which is higher than QREARX's 0.90% expense ratio.

Dividends

FHEAX vs. QREARX - Dividend Comparison

FHEAX's dividend yield for the trailing twelve months is around 0.92%, while QREARX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHEAX and QREARX in my portfolio?

FHEAX and QREARX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.