FIKLX vs. PHRAX
FIKLX (Fidelity Advisor International Real Estate Fund Class Z) and PHRAX (Virtus Duff & Phelps Real Estate Securities Fund) are both REIT funds. Over the past 5 years, FIKLX returned -3.64%/yr vs 4.76%/yr for PHRAX. A 0.53 correlation means they provide meaningful diversification when combined. FIKLX charges 0.79%/yr vs 1.36%/yr for PHRAX.
Performance
FIKLX vs. PHRAX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKLX achieves a -4.86% return, which is significantly lower than PHRAX's 17.09% return.
FIKLX
- 1D
- -0.89%
- 1M
- -2.73%
- YTD
- -4.86%
- 6M
- -4.68%
- 1Y
- 0.72%
- 3Y*
- 4.28%
- 5Y*
- -3.64%
- 10Y*
- —
PHRAX
- 1D
- 1.27%
- 1M
- 1.75%
- YTD
- 17.09%
- 6M
- 16.70%
- 1Y
- 15.25%
- 3Y*
- 13.00%
- 5Y*
- 4.76%
- 10Y*
- 6.49%
FIKLX vs. PHRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKLX Fidelity Advisor International Real Estate Fund Class Z | -4.86% | 22.93% | -9.39% | 4.32% | -26.54% | 12.03% | 5.85% | 28.22% | -2.29% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 17.09% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -5.50% |
Correlation
The correlation between FIKLX and PHRAX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.53 |
The correlation between FIKLX and PHRAX shifts across timeframes, from 0.44 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIKLX vs. PHRAX — Risk / Return Rank
FIKLX
PHRAX
FIKLX vs. PHRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Real Estate Fund Class Z (FIKLX) 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.
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.
| FIKLX | PHRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.99 | -1.91 |
| Martin ratioReturn relative to average drawdown | 0.19 | 5.77 | -5.58 |
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Drawdowns
FIKLX vs. PHRAX - Drawdown Comparison
The maximum FIKLX drawdown since its inception was -36.93%, smaller than the maximum PHRAX drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for FIKLX and PHRAX.
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Drawdown Indicators
| FIKLX | PHRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -72.56% | +35.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -7.83% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.09% | -19.09% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -36.93% | -33.51% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.00% | — |
Current DrawdownCurrent decline from peak | -21.01% | 0.00% | -21.01% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -11.35% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 2.69% | +3.15% |
Volatility
FIKLX vs. PHRAX - Volatility Comparison
The current volatility for Fidelity Advisor International Real Estate Fund Class Z (FIKLX) is 3.40%, while Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) has a volatility of 5.29%. This indicates that FIKLX experiences smaller price fluctuations and is considered to be less risky than PHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKLX | PHRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 5.29% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 10.21% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 13.78% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 19.12% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 21.02% | -6.31% |
FIKLX vs. PHRAX - Expense Ratio Comparison
FIKLX has a 0.79% expense ratio, which is lower than PHRAX's 1.36% expense ratio.
Dividends
FIKLX vs. PHRAX - Dividend Comparison
FIKLX's dividend yield for the trailing twelve months is around 3.25%, less than PHRAX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKLX Fidelity Advisor International Real Estate Fund Class Z | 3.25% | 3.10% | 5.24% | 2.12% | 4.60% | 5.63% | 1.94% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 5.00% | 5.93% | 8.39% | 12.35% | 11.12% | 4.45% | 5.58% | 21.34% | 19.03% | 18.54% | 21.22% | 20.04% |
Frequently Asked Questions
FIKLX and PHRAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHRAX has higher volatility (5.29%) compared to FIKLX (3.40%). In terms of maximum drawdown, FIKLX dropped -36.93% vs PHRAX's -72.56%.
PHRAX currently has the higher Sharpe Ratio (1.13 vs 0.09), 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.
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