FIKLX vs. RERFX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor International Real Estate Fund Class Z (FIKLX) and American Funds Real Estate Index Fund Class R-6 (RERFX).

FIKLX is managed by Fidelity. It was launched on Oct 2, 2018. RERFX is managed by American Funds. It was launched on Mar 31, 2023.

Performance

FIKLX vs. RERFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Real Estate Fund Class Z (FIKLX) and American Funds Real Estate Index Fund Class R-6 (RERFX). The values are adjusted to include any dividend payments, if applicable.

FIKLX vs. RERFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKLX Fidelity Advisor International Real Estate Fund Class Z	-3.24%	22.93%	-9.39%	4.32%	-26.54%	12.03%	5.85%	28.22%	-2.29%
RERFX American Funds Real Estate Index Fund Class R-6	-2.84%	29.26%	2.96%	16.02%	-22.81%	2.81%	25.20%	27.36%	-7.05%

Returns By Period

In the year-to-date period, FIKLX achieves a -3.24% return, which is significantly lower than RERFX's -2.84% return.

FIKLX

• 1D: 1.91%
• 1M: -10.33%
• YTD: -3.24%
• 6M: -1.00%
• 1Y: 14.53%
• 3Y*: 3.98%
• 5Y*: -1.89%
• 10Y*: —

RERFX

• 1D: 2.76%
• 1M: -8.17%
• YTD: -2.84%
• 6M: 0.94%
• 1Y: 21.51%
• 3Y*: 10.95%
• 5Y*: 3.28%
• 10Y*: 7.92%

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

FIKLX vs. RERFX - Expense Ratio Comparison

FIKLX has a 0.79% expense ratio, which is higher than RERFX's 0.29% expense ratio.

FIKLX

Fidelity Advisor International Real Estate Fund Class Z

RERFX

American Funds Real Estate Index Fund Class R-6

Return for Risk

FIKLX vs. RERFX — Risk / Return Rank

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

FIKLX

FIKLX Risk / Return Rank: 46
FIKLX Sharpe Ratio Rank: 59
FIKLX Sortino Ratio Rank: 55
FIKLX Omega Ratio Rank: 50
FIKLX Calmar Ratio Rank: 30
FIKLX Martin Ratio Rank: 36

RERFX

RERFX Risk / Return Rank: 61
RERFX Sharpe Ratio Rank: 69
RERFX Sortino Ratio Rank: 64
RERFX Omega Ratio Rank: 61
RERFX Calmar Ratio Rank: 58
RERFX Martin Ratio Rank: 53

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.

FIKLX vs. RERFX - 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 American Funds Real Estate Index Fund Class R-6 (RERFX). 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.

	FIKLX	RERFX	Difference
Sharpe ratio Return per unit of total volatility	1.18	1.38	-0.19
Sortino ratio Return per unit of downside risk	1.63	1.86	-0.23
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio Return relative to maximum drawdown	1.06	1.67	-0.62
Martin ratio Return relative to average drawdown	4.48	6.36	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKLX vs. RERFX - Sharpe Ratio Comparison

The current FIKLX Sharpe Ratio is 1.18, which is comparable to the RERFX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FIKLX and RERFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIKLX	RERFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	1.38	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.20	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.41	-0.22

Correlation

The correlation between FIKLX and RERFX is 0.71, 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

FIKLX vs. RERFX - Dividend Comparison

FIKLX's dividend yield for the trailing twelve months is around 3.20%, less than RERFX's 14.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKLX Fidelity Advisor International Real Estate Fund Class Z	3.20%	3.10%	5.24%	2.12%	4.60%	5.63%	1.94%	5.41%	0.00%	0.00%	0.00%	0.00%
RERFX American Funds Real Estate Index Fund Class R-6	14.34%	13.93%	4.90%	3.90%	1.98%	10.14%	0.38%	3.10%	3.11%	4.94%	1.58%	3.38%

Drawdowns

FIKLX vs. RERFX - Drawdown Comparison

The maximum FIKLX drawdown since its inception was -36.93%, smaller than the maximum RERFX drawdown of -53.80%. Use the drawdown chart below to compare losses from any high point for FIKLX and RERFX.

Drawdown Indicators

	FIKLX	RERFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-53.80%	+16.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.77%	-12.53%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-36.93%	-37.32%	+0.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.32%	—
Current Drawdown Current decline from peak	-19.67%	-10.11%	-9.56%
Average Drawdown Average peak-to-trough decline	-15.69%	-11.08%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	3.30%	-0.06%

Volatility

FIKLX vs. RERFX - Volatility Comparison

The current volatility for Fidelity Advisor International Real Estate Fund Class Z (FIKLX) is 5.58%, while American Funds Real Estate Index Fund Class R-6 (RERFX) has a volatility of 7.27%. This indicates that FIKLX experiences smaller price fluctuations and is considered to be less risky than RERFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKLX	RERFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	7.27%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	11.55%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	16.41%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	16.48%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	16.82%	-2.08%