FHECX vs. FSRNX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Real Estate Fund Class C (FHECX) and Fidelity Real Estate Index Fund (FSRNX).

FHECX is managed by Fidelity. It was launched on Sep 12, 2002. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.

Performance

FHECX vs. FSRNX - Performance Comparison

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

FHECX vs. FSRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHECX Fidelity Advisor Real Estate Fund Class C	2.69%	-10.57%	-2.16%	10.02%	-28.71%	37.43%	-7.69%	21.77%	-7.36%	2.80%
FSRNX Fidelity Real Estate Index Fund	-0.56%	3.03%	4.99%	11.93%	-26.14%	40.66%	-11.31%	23.78%	-4.91%	3.15%

Returns By Period

FHECX

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

FSRNX

• 1D: 0.44%
• 1M: -7.86%
• YTD: -0.56%
• 6M: -3.07%
• 1Y: -0.02%
• 3Y*: 5.74%
• 5Y*: 2.79%
• 10Y*: 3.12%

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

FHECX vs. FSRNX - Expense Ratio Comparison

FHECX has a 1.86% expense ratio, which is higher than FSRNX's 0.07% expense ratio.

FHECX

Fidelity Advisor Real Estate Fund Class C

FSRNX

Fidelity Real Estate Index Fund

Return for Risk

FHECX vs. FSRNX — Risk / Return Rank

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

FSRNX

FSRNX Risk / Return Rank: 7
FSRNX Sharpe Ratio Rank: 7
FSRNX Sortino Ratio Rank: 6
FSRNX Omega Ratio Rank: 6
FSRNX Calmar Ratio Rank: 7
FSRNX Martin Ratio Rank: 8

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. FSRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class C (FHECX) and Fidelity Real Estate Index Fund (FSRNX). 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	FSRNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Correlation

The correlation between FHECX and FSRNX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FHECX vs. FSRNX - Dividend Comparison

FHECX's dividend yield for the trailing twelve months is around 0.45%, less than FSRNX's 2.79% 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%
FSRNX Fidelity Real Estate Index Fund	2.79%	2.77%	2.86%	2.84%	2.66%	1.25%	3.33%	4.52%	3.62%	2.27%	3.40%	2.57%

Drawdowns

Drawdown Indicators

	FHECX	FSRNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-44.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.26%	—
Current Drawdown Current decline from peak	—	-11.07%	—
Average Drawdown Average peak-to-trough decline	—	-9.77%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.18%	—

Volatility

Volatility by Period

	FHECX	FSRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.41%	—