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FIKMX vs. VNQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIKMX vs. VNQ

Last updated Jun 23, 2026

FIKMX (Fidelity Advisor Real Estate Income Fund Class Z) and VNQ (Vanguard Real Estate ETF) are both REIT funds. Over the past 5 years, FIKMX returned 3.66%/yr vs 2.52%/yr for VNQ. Their correlation of 0.90 suggests significant overlap in exposure. FIKMX charges 0.59%/yr vs 0.13%/yr for VNQ.

Performance

FIKMX vs. VNQ - 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 Vanguard Real Estate ETF (VNQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FIKMX achieves a 3.85% return, which is significantly lower than VNQ's 10.32% return.

FIKMX

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

VNQ

1D
1.08%
1M
-0.19%
YTD
10.32%
6M
10.63%
1Y
11.80%
3Y*
10.81%
5Y*
2.52%
10Y*
5.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIKMX vs. VNQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
VNQ
Vanguard Real Estate ETF		10.32%3.24%4.81%11.85%-26.25%40.54%-4.61%28.91%-3.13%

Correlation

The correlation between FIKMX and VNQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.90

The correlation between FIKMX and VNQ has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Advisor Real Estate Income Fund Class Z

Vanguard Real Estate ETF

Often compared with FIKMX:
FIKMX vs. FRIFXFIKMX vs. FSPGXFIKMX vs. CREMXFIKMX vs. AIGYXFIKMX vs. PJEZXFIKMX vs. FESIXFIKMX vs. FRINX
Often compared with VNQ:
VNQ vs. SCHHVNQ vs. VOOVNQ vs. SPYVNQ vs. XLREVNQ vs. VNQIVNQ vs. SCHDVNQ vs. REET

Return for Risk

FIKMX vs. VNQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIKMX
FIKMX Risk / Return Rank: 4949
Overall Rank
FIKMX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
FIKMX Sortino Ratio Rank: 5050
Sortino Ratio Rank
FIKMX Omega Ratio Rank: 5151
Omega Ratio Rank
FIKMX Calmar Ratio Rank: 4141
Calmar Ratio Rank
FIKMX Martin Ratio Rank: 5252
Martin Ratio Rank
VNQ
VNQ Risk / Return Rank: 2626
Overall Rank
VNQ Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
VNQ Sortino Ratio Rank: 2323
Sortino Ratio Rank
VNQ Omega Ratio Rank: 2323
Omega Ratio Rank
VNQ Calmar Ratio Rank: 2929
Calmar Ratio Rank
VNQ Martin Ratio Rank: 3232
Martin Ratio Rank
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. VNQ - 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 Vanguard Real Estate ETF (VNQ). 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.

FIKMXVNQDifference
Sharpe ratioReturn per unit of total volatility
1.92
0.86

+1.06

Sortino ratioReturn per unit of downside risk
2.72
1.25

+1.47

Omega ratioGain probability vs. loss probability

1.36

1.16

+0.20

Calmar ratioReturn relative to maximum drawdown

2.31

1.42

+0.89

Martin ratioReturn relative to average drawdown

10.03

4.45

+5.58

FIKMX vs. VNQ - Sharpe Ratio Comparison

The current FIKMX Sharpe Ratio is 1.92, which is higher than the VNQ Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FIKMX and VNQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FIKMX vs. VNQ - Drawdown Comparison

The maximum FIKMX drawdown since its inception was -34.49%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FIKMX and VNQ.

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Drawdown Indicators

FIKMXVNQDifference

Max Drawdown

Largest peak-to-trough decline

-34.49%

-73.07%

+38.58%

Max Drawdown (1Y)

Largest decline over 1 year

-3.43%

-8.34%

+4.91%

Max Drawdown (3Y)

Largest decline over 3 years

-7.16%

-17.46%

+10.30%

Max Drawdown (5Y)

Largest decline over 5 years

-18.04%

-34.48%

+16.44%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.40%

—

Current Drawdown

Current decline from peak

-0.64%

-1.95%

+1.31%

Average Drawdown

Average peak-to-trough decline

-5.12%

-13.60%

+8.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.79%

2.66%

-1.87%

Volatility

FIKMX vs. VNQ - Volatility Comparison

The current volatility for Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) is 1.33%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.03%. This indicates that FIKMX experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIKMXVNQDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

5.03%

-3.70%

Volatility (6M)

Calculated over the trailing 6-month period

3.23%

10.15%

-6.92%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

13.81%

-9.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.49%

18.85%

-12.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.56%

20.75%

-10.19%

FIKMX vs. VNQ - Expense Ratio Comparison

FIKMX has a 0.59% expense ratio, which is higher than VNQ's 0.13% expense ratio.

Dividends

FIKMX vs. VNQ - Dividend Comparison

FIKMX's dividend yield for the trailing twelve months is around 4.66%, more than VNQ's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VNQ
Vanguard Real Estate ETF		3.61%3.92%3.85%3.95%3.91%2.56%3.93%3.39%4.74%4.23%4.82%3.92%

Frequently Asked Questions

FIKMX and VNQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VNQ has higher volatility (5.03%) compared to FIKMX (1.33%). In terms of maximum drawdown, FIKMX dropped -34.49% vs VNQ's -73.07%.

FIKMX currently has the higher Sharpe Ratio (1.92 vs 0.86), 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.

Portfolio Optimizer

Find the right allocation for FIKMX and VNQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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