FIRAX vs. FRIOX
FIRAX (Fidelity Advisor International Real Estate Fund Class A) and FRIOX (Fidelity Advisor Real Estate Income Fund Class C) are both REIT funds from Fidelity. Over the past 10 years, FIRAX returned 3.31%/yr vs 3.82%/yr for FRIOX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FIRAX charges 1.20%/yr vs 1.72%/yr for FRIOX.
Performance
FIRAX vs. FRIOX - Performance Comparison
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Returns By Period
Over the past 10 years, FIRAX has underperformed FRIOX with an annualized return of 3.31%, while FRIOX has yielded a comparatively higher 3.82% annualized return.
FIRAX
- 1D
- 1.07%
- 1M
- 2.36%
- 6M
- -4.05%
- YTD
- 0.00%
- 1Y
- 6.79%
- 3Y*
- 4.04%
- 5Y*
- -3.40%
- 10Y*
- 3.31%
- ALL TIME*
- 2.30%
FRIOX
- 1D
- -0.33%
- 1M
- -1.30%
- 6M
- 2.10%
- YTD
- 2.88%
- 1Y
- 5.44%
- 3Y*
- 6.46%
- 5Y*
- 1.93%
- 10Y*
- 3.82%
- ALL TIME*
- 5.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIRAX vs. FRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRAX Fidelity Advisor International Real Estate Fund Class A | 0.00% | 22.41% | -9.70% | 3.82% | -26.82% | 11.61% | 5.35% | 27.55% | -6.46% | 26.48% |
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 2.88% | 6.06% | 6.79% | 8.31% | -15.51% | 17.80% | -2.13% | 16.74% | -2.56% | 5.39% |
Correlation
The correlation between FIRAX and FRIOX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.55 |
The correlation between FIRAX and FRIOX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
FIRAX vs. FRIOX — Risk / Return Rank
FIRAX
FRIOX
FIRAX vs. FRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Real Estate Fund Class A (FIRAX) and Fidelity Advisor Real Estate Income Fund Class C (FRIOX). 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.
| FIRAX | FRIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.56 | -1.07 |
| Martin ratioReturn relative to average drawdown | 1.01 | 6.25 | -5.24 |
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Drawdowns
FIRAX vs. FRIOX - Drawdown Comparison
The maximum FIRAX drawdown since its inception was -71.58%, which is greater than FRIOX's maximum drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for FIRAX and FRIOX.
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Drawdown Indicators
| FIRAX | FRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.58% | -34.54% | -37.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -3.51% | -10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.15% | -6.33% | -11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.46% | -18.83% | -18.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.46% | -34.54% | -2.92% |
Current DrawdownCurrent decline from peak | -18.45% | -1.38% | -17.07% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -3.60% | -17.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 0.87% | +6.00% |
Volatility
FIRAX vs. FRIOX - Volatility Comparison
Fidelity Advisor International Real Estate Fund Class A (FIRAX) has a higher volatility of 3.10% compared to Fidelity Advisor Real Estate Income Fund Class C (FRIOX) at 1.50%. This indicates that FIRAX's price experiences larger fluctuations and is considered to be riskier than FRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRAX | FRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 1.50% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 3.54% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 4.32% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 6.50% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.54% | 9.50% | +4.04% |
FIRAX vs. FRIOX - Expense Ratio Comparison
FIRAX has a 1.20% expense ratio, which is lower than FRIOX's 1.72% expense ratio.
Dividends
FIRAX vs. FRIOX - Dividend Comparison
FIRAX's dividend yield for the trailing twelve months is around 2.75%, more than FRIOX's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRAX Fidelity Advisor International Real Estate Fund Class A | 2.75% | 2.75% | 5.09% | 1.56% | 4.32% | 5.29% | 1.48% | 4.81% | 1.85% | 2.76% | 4.02% | 2.70% |
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 2.67% | 3.68% | 3.68% | 4.09% | 5.00% | 1.02% | 3.92% | 4.76% | 4.46% | 3.69% | 4.05% | 3.11% |
Frequently Asked Questions
FIRAX and FRIOX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIRAX has higher volatility (3.10%) compared to FRIOX (1.50%). In terms of maximum drawdown, FIRAX dropped -71.58% vs FRIOX's -34.54%.
FRIOX currently has the higher Sharpe Ratio (1.27 vs 0.56), 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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