FHMFX vs. FIREX
FHMFX (Fidelity Series Corporate Bond Fund) and FIREX (Fidelity International Real Estate Fund) are both mutual funds - FHMFX is a Corporate Bonds fund managed by Fidelity, while FIREX is a REIT fund managed by Fidelity. Over the past 5 years, FHMFX returned -0.24%/yr vs -3.36%/yr for FIREX. Their 0.29 correlation means their historical movements had little consistent relationship. FHMFX charges 0.00%/yr vs 0.95%/yr for FIREX.
Performance
FHMFX vs. FIREX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FHMFX having a -1.00% return and FIREX slightly lower at -1.04%.
FHMFX
- 1D
- -0.22%
- 1M
- -1.93%
- 6M
- -1.30%
- YTD
- -1.00%
- 1Y
- 1.62%
- 3Y*
- 5.20%
- 5Y*
- -0.24%
- 10Y*
- —
- ALL TIME*
- 2.76%
FIREX
- 1D
- -1.23%
- 1M
- 1.16%
- 6M
- -4.64%
- YTD
- -1.04%
- 1Y
- 5.84%
- 3Y*
- 4.37%
- 5Y*
- -3.36%
- 10Y*
- 3.31%
- ALL TIME*
- 4.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHMFX vs. FIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHMFX Fidelity Series Corporate Bond Fund | -1.00% | 8.18% | 3.13% | 9.11% | -17.03% | -1.41% | 10.15% | 14.45% | -0.24% |
FIREX Fidelity International Real Estate Fund | -1.04% | 22.85% | -9.46% | 4.01% | -26.61% | 11.85% | 5.71% | 27.96% | -6.47% |
Correlation
The correlation between FHMFX and FIREX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.29 |
Over the past year, FHMFX and FIREX have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHMFX vs. FIREX — Risk / Return Rank
FHMFX
FIREX
FHMFX vs. FIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Corporate Bond Fund (FHMFX) and Fidelity International Real Estate Fund (FIREX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHMFX | FIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.48 | +0.23 |
| Martin ratioReturn relative to average drawdown | 1.99 | 0.98 | +1.02 |
Loading charts...
Drawdowns
FHMFX vs. FIREX - Drawdown Comparison
The maximum FHMFX drawdown since its inception was -22.95%, smaller than the maximum FIREX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for FHMFX and FIREX.
Loading charts...
Drawdown Indicators
| FHMFX | FIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -71.40% | +48.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -14.00% | +10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -18.06% | +12.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -37.14% | +14.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.14% | — |
Current DrawdownCurrent decline from peak | -2.68% | -18.31% | +15.63% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -18.73% | +12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 6.86% | -5.72% |
Volatility
FHMFX vs. FIREX - Volatility Comparison
The current volatility for Fidelity Series Corporate Bond Fund (FHMFX) is 1.09%, while Fidelity International Real Estate Fund (FIREX) has a volatility of 3.21%. This indicates that FHMFX experiences smaller price fluctuations and is considered to be less risky than FIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHMFX | FIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 3.21% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 10.22% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 12.46% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 13.74% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 13.55% | -7.08% |
FHMFX vs. FIREX - Expense Ratio Comparison
FHMFX has a 0.00% expense ratio, which is lower than FIREX's 0.95% expense ratio.
Dividends
FHMFX vs. FIREX - Dividend Comparison
FHMFX's dividend yield for the trailing twelve months is around 4.54%, more than FIREX's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHMFX Fidelity Series Corporate Bond Fund | 4.54% | 4.70% | 4.52% | 4.07% | 2.65% | 2.42% | 3.05% | 3.90% | 1.49% | 0.00% | 0.00% | 0.00% |
FIREX Fidelity International Real Estate Fund | 3.00% | 2.97% | 5.27% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 1.46% | 4.14% | 2.87% |
Frequently Asked Questions
FHMFX and FIREX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIREX has higher volatility (3.21%) compared to FHMFX (1.09%). In terms of maximum drawdown, FHMFX dropped -22.95% vs FIREX's -71.40%.
FHMFX currently has the higher Sharpe Ratio (0.54 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FHMFX and FIREX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer