FIKGX vs. FRIFX

Last updated Jul 11, 2026

FIKGX (Fidelity Advisor Semiconductors Fund Class Z) and FRIFX (Fidelity Real Estate Income Fund) are both mutual funds - FIKGX is a Technology Equities fund managed by Fidelity, while FRIFX is a REIT fund managed by Fidelity. Over the past 5 years, FIKGX returned 38.15%/yr vs 3.26%/yr for FRIFX. At a 0.34 correlation, their price movements are largely independent. FIKGX charges 0.62%/yr vs 0.71%/yr for FRIFX.

Performance

FIKGX vs. FRIFX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIKGX achieves a 69.50% return, which is significantly higher than FRIFX's 4.38% return.

FIKGX

• 1D: 3.12%
• 1M: -3.24%
• 6M: 58.98%
• YTD: 69.50%
• 1Y: 114.81%
• 3Y*: 53.21%
• 5Y*: 38.15%
• 10Y*: —

FRIFX

• 1D: 0.08%
• 1M: -0.16%
• 6M: 4.12%
• YTD: 4.38%
• 1Y: 7.77%
• 3Y*: 8.26%
• 5Y*: 3.26%
• 10Y*: 5.11%

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

FIKGX vs. FRIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKGX Fidelity Advisor Semiconductors Fund Class Z	69.50%	45.43%	35.88%	75.75%	-34.81%	58.07%	44.21%	64.45%	-11.11%
FRIFX Fidelity Real Estate Income Fund	4.38%	7.16%	7.93%	9.32%	-14.54%	18.90%	-1.09%	17.92%	-1.76%

Correlation

The correlation between FIKGX and FRIFX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.34

Over the past year, the correlation between FIKGX and FRIFX has dropped to 0.04 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

FIKGX vs. FRIFX — Risk / Return Rank

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

FIKGX

FIKGX Risk / Return Rank: 92
FIKGX Sharpe Ratio Rank: 97
FIKGX Sortino Ratio Rank: 84
FIKGX Omega Ratio Rank: 84
FIKGX Calmar Ratio Rank: 98
FIKGX Martin Ratio Rank: 98

FRIFX

FRIFX Risk / Return Rank: 67
FRIFX Sharpe Ratio Rank: 71
FRIFX Sortino Ratio Rank: 70
FRIFX Omega Ratio Rank: 70
FRIFX Calmar Ratio Rank: 57
FRIFX Martin Ratio Rank: 69

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.

FIKGX vs. FRIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Fidelity Real Estate Income Fund (FRIFX). 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.

	FIKGX	FRIFX	Difference
Sharpe ratio: Return per unit of total volatility	3.03	1.86	+1.17
Sortino ratio: Return per unit of downside risk	3.25	2.64	+0.62
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	7.56	2.31	+5.25
Martin ratio: Return relative to average drawdown	25.25	10.09	+15.16

FIKGX vs. FRIFX - Sharpe Ratio Comparison

The current FIKGX Sharpe Ratio is 3.03, which is higher than the FRIFX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FIKGX and FRIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIKGX vs. FRIFX - Drawdown Comparison

The maximum FIKGX drawdown since its inception was -45.98%, which is greater than FRIFX's maximum drawdown of -38.27%. Use the drawdown chart below to compare losses from any high point for FIKGX and FRIFX.

Drawdown Indicators

	FIKGX	FRIFX	Difference
Max Drawdown Largest peak-to-trough decline	-45.98%	-38.27%	-7.71%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	-3.42%	-11.94%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-7.24%	-32.43%
Max Drawdown (5Y) Largest decline over 5 years	-45.98%	-18.12%	-27.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.50%	—
Current Drawdown Current decline from peak	-10.22%	-0.47%	-9.75%
Average Drawdown Average peak-to-trough decline	-9.77%	-4.24%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	0.78%	+3.81%

Volatility

FIKGX vs. FRIFX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class Z (FIKGX) has a higher volatility of 19.07% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.42%. This indicates that FIKGX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKGX	FRIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.07%	1.42%	+17.65%
Volatility (6M) Calculated over the trailing 6-month period	31.94%	3.39%	+28.55%
Volatility (1Y) Calculated over the trailing 1-year period	38.26%	4.24%	+34.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.52%	6.48%	+33.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.90%	9.47%	+29.43%

FIKGX vs. FRIFX - Expense Ratio Comparison

FIKGX has a 0.62% expense ratio, which is lower than FRIFX's 0.71% expense ratio.

Dividends

FIKGX vs. FRIFX - Dividend Comparison

FIKGX's dividend yield for the trailing twelve months is around 3.93%, less than FRIFX's 4.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKGX Fidelity Advisor Semiconductors Fund Class Z	3.93%	6.67%	0.00%	3.14%	3.08%	4.19%	4.54%	1.08%	19.72%	0.00%	0.00%	0.00%
FRIFX Fidelity Real Estate Income Fund	3.34%	4.69%	4.65%	4.99%	6.04%	1.47%	4.77%	5.68%	5.08%	4.40%	4.98%	3.65%

Frequently Asked Questions

Can I hold both FIKGX and FRIFX in my portfolio?

FIKGX and FRIFX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKGX or FRIFX?

FIKGX has higher volatility (19.07%) compared to FRIFX (1.42%). In terms of maximum drawdown, FIKGX dropped -45.98% vs FRIFX's -38.27%.

Which has better risk-adjusted returns?

FIKGX currently has the higher Sharpe Ratio (3.03 vs 1.86), 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.