FIRAX vs. PHRAX
FIRAX (Fidelity Advisor International Real Estate Fund Class A) and PHRAX (Virtus Duff & Phelps Real Estate Securities Fund) are both REIT funds. Over the past 10 years, FIRAX returned 3.31%/yr vs 5.95%/yr for PHRAX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FIRAX charges 1.20%/yr vs 1.36%/yr for PHRAX.
Performance
FIRAX vs. PHRAX - Performance Comparison
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Returns By Period
Over the past 10 years, FIRAX has underperformed PHRAX with an annualized return of 3.31%, while PHRAX has yielded a comparatively higher 5.95% 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%
PHRAX
- 1D
- -1.39%
- 1M
- 1.67%
- 6M
- 18.05%
- YTD
- 20.77%
- 1Y
- 23.78%
- 3Y*
- 11.61%
- 5Y*
- 4.37%
- 10Y*
- 5.95%
- ALL TIME*
- 9.99%
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. PHRAX - 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% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 20.77% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -7.41% | 5.65% |
Correlation
The correlation between FIRAX and PHRAX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2006 | 0.52 |
The correlation between FIRAX and PHRAX shifts across timeframes, from 0.40 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIRAX vs. PHRAX — Risk / Return Rank
FIRAX
PHRAX
FIRAX vs. PHRAX - 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 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.
| FIRAX | PHRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.72 | -2.23 |
| Martin ratioReturn relative to average drawdown | 1.01 | 8.52 | -7.51 |
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Drawdowns
FIRAX vs. PHRAX - Drawdown Comparison
The maximum FIRAX drawdown since its inception was -71.58%, roughly equal to the maximum PHRAX drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for FIRAX and PHRAX.
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Drawdown Indicators
| FIRAX | PHRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.58% | -72.56% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -7.83% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.15% | -19.09% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -37.46% | -33.51% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -37.46% | -42.00% | +4.54% |
Current DrawdownCurrent decline from peak | -18.45% | -2.61% | -15.84% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -11.31% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 2.52% | +4.35% |
Volatility
FIRAX vs. PHRAX - Volatility Comparison
The current volatility for Fidelity Advisor International Real Estate Fund Class A (FIRAX) is 3.10%, while Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) has a volatility of 4.74%. This indicates that FIRAX 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
| FIRAX | PHRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 4.74% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 10.88% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 13.93% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 19.14% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.54% | 21.03% | -7.49% |
FIRAX vs. PHRAX - Expense Ratio Comparison
FIRAX has a 1.20% expense ratio, which is lower than PHRAX's 1.36% expense ratio.
Dividends
FIRAX vs. PHRAX - Dividend Comparison
FIRAX's dividend yield for the trailing twelve months is around 2.75%, less than PHRAX's 4.85% 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% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 4.85% | 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
FIRAX and PHRAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHRAX has higher volatility (4.74%) compared to FIRAX (3.10%). In terms of maximum drawdown, FIRAX dropped -71.58% vs PHRAX's -72.56%.
PHRAX currently has the higher Sharpe Ratio (1.54 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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