FIKMX vs. FRINX

Last updated Jun 23, 2026

FIKMX (Fidelity Advisor Real Estate Income Fund Class Z) and FRINX (Fidelity Advisor Real Estate Income Fund Class A) are both REIT funds from Fidelity. Over the past 5 years, FIKMX returned 3.66%/yr vs 3.29%/yr for FRINX. With a 0.99 correlation, they move nearly in lockstep. FIKMX charges 0.59%/yr vs 0.98%/yr for FRINX.

Performance

FIKMX vs. FRINX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FIKMX having a 3.85% return and FRINX slightly lower at 3.77%.

FIKMX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 3.85%
• 6M: 4.19%
• 1Y: 7.82%
• 3Y*: 8.47%
• 5Y*: 3.66%
• 10Y*: —

FRINX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 3.77%
• 6M: 4.03%
• 1Y: 7.50%
• 3Y*: 8.06%
• 5Y*: 3.29%
• 10Y*: 5.05%

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

FIKMX vs. FRINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKMX Fidelity Advisor Real Estate Income Fund Class Z	3.85%	7.29%	8.03%	9.51%	-14.48%	19.04%	-0.98%	18.04%	-1.71%
FRINX Fidelity Advisor Real Estate Income Fund Class A	3.77%	6.87%	7.61%	9.01%	-14.79%	18.64%	-1.36%	17.52%	-1.77%

Correlation

The correlation between FIKMX and FRINX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.99

The correlation between FIKMX and FRINX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FIKMX vs. FRINX — Risk / Return Rank

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

FIKMX

FIKMX Risk / Return Rank: 49
FIKMX Sharpe Ratio Rank: 50
FIKMX Sortino Ratio Rank: 50
FIKMX Omega Ratio Rank: 51
FIKMX Calmar Ratio Rank: 41
FIKMX Martin Ratio Rank: 52

FRINX

FRINX Risk / Return Rank: 46
FRINX Sharpe Ratio Rank: 46
FRINX Sortino Ratio Rank: 47
FRINX Omega Ratio Rank: 48
FRINX Calmar Ratio Rank: 37
FRINX Martin Ratio Rank: 50

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.

FIKMX vs. FRINX - Risk-Adjusted Trends Comparison

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

	FIKMX	FRINX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.85	+0.07
Sortino ratio: Return per unit of downside risk	2.72	2.66	+0.06
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	2.31	2.21	+0.10
Martin ratio: Return relative to average drawdown	10.03	9.75	+0.28

FIKMX vs. FRINX - Sharpe Ratio Comparison

The current FIKMX Sharpe Ratio is 1.92, which is comparable to the FRINX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FIKMX and FRINX, 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

FIKMX vs. FRINX - Drawdown Comparison

The maximum FIKMX drawdown since its inception was -34.49%, roughly equal to the maximum FRINX drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for FIKMX and FRINX.

Drawdown Indicators

	FIKMX	FRINX	Difference
Max Drawdown Largest peak-to-trough decline	-34.49%	-34.50%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-3.45%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-7.16%	-7.27%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-18.30%	+0.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.50%	—
Current Drawdown Current decline from peak	-0.64%	-0.64%	0.00%
Average Drawdown Average peak-to-trough decline	-5.12%	-3.37%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.78%	+0.01%

Volatility

FIKMX vs. FRINX - Volatility Comparison

Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) and Fidelity Advisor Real Estate Income Fund Class A (FRINX) have volatilities of 1.33% and 1.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKMX	FRINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.29%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.23%	3.23%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	4.12%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	6.48%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.56%	9.50%	+1.06%

FIKMX vs. FRINX - Expense Ratio Comparison

FIKMX has a 0.59% expense ratio, which is lower than FRINX's 0.98% expense ratio.

Dividends

FIKMX vs. FRINX - Dividend Comparison

FIKMX's dividend yield for the trailing twelve months is around 4.66%, more than FRINX's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKMX Fidelity Advisor Real Estate Income Fund Class Z	4.66%	4.80%	4.81%	5.15%	6.24%	1.59%	4.90%	5.82%	2.31%	0.00%	0.00%	0.00%
FRINX Fidelity Advisor Real Estate Income Fund Class A	4.27%	4.40%	4.41%	4.78%	5.80%	1.31%	4.53%	5.45%	4.89%	4.21%	4.77%	3.53%

Frequently Asked Questions

Can I hold both FIKMX and FRINX in my portfolio?

With a correlation of 0.98, FIKMX and FRINX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIKMX or FRINX?

FIKMX has higher volatility (1.33%) compared to FRINX (1.29%). In terms of maximum drawdown, FIKMX dropped -34.49% vs FRINX's -34.50%.

Which has better risk-adjusted returns?

FIKMX currently has the higher Sharpe Ratio (1.92 vs 1.85), 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.