FHEAX vs. SOAAX

Last updated Jun 4, 2026

FHEAX (Fidelity Advisor Real Estate Fund Class A) and SOAAX (Spirit of America Real Estate Income & Growth Fund) are both REIT funds. With a 0.97 correlation, they move nearly in lockstep. FHEAX charges 1.07%/yr vs 1.52%/yr for SOAAX.

Performance

FHEAX vs. SOAAX - Performance Comparison

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

Returns By Period

FHEAX

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

SOAAX

• 1D: 0.34%
• 1M: -1.65%
• YTD: 11.76%
• 6M: 10.35%
• 1Y: 11.63%
• 3Y*: 8.63%
• 5Y*: 2.84%
• 10Y*: 5.14%

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

FHEAX vs. SOAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHEAX Fidelity Advisor Real Estate Fund Class A	2.72%	-9.44%	-1.36%	10.81%	-28.13%	38.51%	-6.96%	22.77%	-6.67%	3.63%
SOAAX Spirit of America Real Estate Income & Growth Fund	11.76%	-0.90%	7.57%	9.60%	-28.40%	42.01%	-5.06%	28.09%	-6.82%	6.80%

Correlation

The correlation between FHEAX and SOAAX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 16, 2002	0.97

Over the past year, the correlation between FHEAX and SOAAX has dropped to 0.73 - well below their long-term average of 0.97, suggesting their price drivers have been diverging.

Return for Risk

FHEAX vs. SOAAX — Risk / Return Rank

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

SOAAX

SOAAX Risk / Return Rank: 13
SOAAX Sharpe Ratio Rank: 11
SOAAX Sortino Ratio Rank: 10
SOAAX Omega Ratio Rank: 11
SOAAX Calmar Ratio Rank: 16
SOAAX Martin Ratio Rank: 15

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. SOAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class A (FHEAX) and Spirit of America Real Estate Income & Growth Fund (SOAAX). 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	SOAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.26	—

Drawdowns

Drawdown Indicators

	FHEAX	SOAAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.24%	—
Current Drawdown Current decline from peak	—	-6.51%	—
Average Drawdown Average peak-to-trough decline	—	-14.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	FHEAX	SOAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.72%	—

FHEAX vs. SOAAX - Expense Ratio Comparison

FHEAX has a 1.07% expense ratio, which is lower than SOAAX's 1.52% expense ratio.

Dividends

FHEAX vs. SOAAX - Dividend Comparison

FHEAX's dividend yield for the trailing twelve months is around 0.92%, less than SOAAX's 9.52% yield.

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%
SOAAX Spirit of America Real Estate Income & Growth Fund	9.52%	10.64%	9.53%	9.32%	9.32%	6.12%	8.13%	7.11%	8.47%	6.87%	7.18%	8.97%

Frequently Asked Questions

Can I hold both FHEAX and SOAAX in my portfolio?

FHEAX and SOAAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.