FHECX vs. PHRAX

Last updated Apr 3, 2026

Compare and contrast key facts about Fidelity Advisor Real Estate Fund Class C (FHECX) and Virtus Duff & Phelps Real Estate Securities Fund (PHRAX).

FHECX is managed by Fidelity. It was launched on Sep 12, 2002. PHRAX is managed by Virtus. It was launched on Mar 1, 1995.

Performance

FHECX vs. PHRAX - Performance Comparison

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

FHECX vs. PHRAX - 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%
PHRAX Virtus Duff & Phelps Real Estate Securities Fund	5.03%	0.23%	10.15%	10.98%	-26.33%	46.79%	-1.98%	27.09%	-7.41%	5.65%

Returns By Period

FHECX

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

PHRAX

• 1D: 0.49%
• 1M: -5.02%
• YTD: 5.03%
• 6M: 3.50%
• 1Y: 4.31%
• 3Y*: 7.71%
• 5Y*: 4.80%
• 10Y*: 5.56%

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

FHECX vs. PHRAX - Expense Ratio Comparison

FHECX has a 1.86% expense ratio, which is higher than PHRAX's 1.36% expense ratio.

FHECX

Fidelity Advisor Real Estate Fund Class C

PHRAX

Virtus Duff & Phelps Real Estate Securities Fund

Return for Risk

FHECX vs. PHRAX — Risk / Return Rank

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

PHRAX

PHRAX Risk / Return Rank: 9
PHRAX Sharpe Ratio Rank: 8
PHRAX Sortino Ratio Rank: 8
PHRAX Omega Ratio Rank: 8
PHRAX Calmar Ratio Rank: 9
PHRAX Martin Ratio Rank: 11

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. PHRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Fund Class C (FHECX) and Virtus Duff & Phelps Real Estate Securities Fund (PHRAX). 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	PHRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.39	—

Correlation

The correlation between FHECX and PHRAX 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. PHRAX - Dividend Comparison

FHECX's dividend yield for the trailing twelve months is around 0.45%, less than PHRAX's 5.63% 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%
PHRAX Virtus Duff & Phelps Real Estate Securities Fund	5.63%	5.93%	8.39%	12.35%	11.12%	4.45%	5.58%	21.34%	19.03%	18.54%	21.22%	20.04%

Drawdowns

Drawdown Indicators

	FHECX	PHRAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-72.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.00%	—
Current Drawdown Current decline from peak	—	-5.65%	—
Average Drawdown Average peak-to-trough decline	—	-11.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.15%	—

Volatility

Volatility by Period

	FHECX	PHRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.97%	—