FHECX vs. CREMX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Real Estate Fund Class C (FHECX) and Redwood Real Estate Income Fund (CREMX).

FHECX is managed by Fidelity. It was launched on Sep 12, 2002. CREMX is an actively managed fund by Redwood. It was launched on Jun 23, 2023.

Performance

FHECX vs. CREMX - Performance Comparison

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

FHECX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FHECX Fidelity Advisor Real Estate Fund Class C	2.69%	-10.57%	-2.16%	10.19%
CREMX Redwood Real Estate Income Fund	1.84%	7.72%	8.09%	1.95%

Returns By Period

FHECX

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

CREMX

• 1D: 0.04%
• 1M: 0.52%
• YTD: 1.84%
• 6M: 3.80%
• 1Y: 7.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHECX vs. CREMX - Expense Ratio Comparison

FHECX has a 1.86% expense ratio, which is lower than CREMX's 5.16% expense ratio.

CREMX

Redwood Real Estate Income Fund

FHECX

Fidelity Advisor Real Estate Fund Class C

Return for Risk

FHECX 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.

FHECX vs. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class C (FHECX) 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

	FHECX	CREMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	8.81	—

Correlation

The correlation between FHECX and CREMX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FHECX vs. CREMX - Dividend Comparison

FHECX's dividend yield for the trailing twelve months is around 0.45%, less than CREMX's 6.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHECX Fidelity Advisor Real Estate Fund Class C	0.45%	0.47%	0.49%	1.48%	19.33%	5.62%	3.30%	7.91%	5.68%	6.10%	6.27%	3.33%
CREMX Redwood Real Estate Income Fund	6.66%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	FHECX	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	—	0.08%	—

Volatility

Volatility by Period

	FHECX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.89%	—