FIREX vs. FRIFX
Compare and contrast key facts about Fidelity International Real Estate Fund (FIREX) and Fidelity Real Estate Income Fund (FRIFX).
FIREX is managed by Fidelity. It was launched on Sep 8, 2004. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIREX or FRIFX.
Key characteristics
| FIREX | FRIFX | |
|---|---|---|
| YTD Return | -3.98% | 9.42% |
| 1Y Return | 7.70% | 18.55% |
| 3Y Return (Ann) | -11.02% | 1.34% |
| 5Y Return (Ann) | -2.88% | 4.09% |
| 10Y Return (Ann) | 1.63% | 5.66% |
| Sharpe Ratio | 0.61 | 3.37 |
| Sortino Ratio | 0.99 | 5.17 |
| Omega Ratio | 1.12 | 1.72 |
| Calmar Ratio | 0.20 | 1.37 |
| Martin Ratio | 1.63 | 21.39 |
| Ulcer Index | 4.67% | 0.89% |
| Daily Std Dev | 12.52% | 5.64% |
| Max Drawdown | -74.26% | -39.77% |
| Current Drawdown | -32.50% | -1.15% |
Correlation
The correlation between FIREX and FRIFX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIREX vs. FRIFX - Performance Comparison
In the year-to-date period, FIREX achieves a -3.98% return, which is significantly lower than FRIFX's 9.42% return. Over the past 10 years, FIREX has underperformed FRIFX with an annualized return of 1.63%, while FRIFX has yielded a comparatively higher 5.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIREX vs. FRIFX - Expense Ratio Comparison
FIREX has a 0.95% expense ratio, which is higher than FRIFX's 0.71% expense ratio.
Risk-Adjusted Performance
FIREX vs. FRIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Real Estate Fund (FIREX) and Fidelity Real Estate Income Fund (FRIFX). 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.
Dividends
FIREX vs. FRIFX - Dividend Comparison
FIREX's dividend yield for the trailing twelve months is around 4.02%, less than FRIFX's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIREX Fidelity International Real Estate Fund | 4.02% | 1.86% | 0.44% | 3.76% | 1.77% | 2.18% | 1.72% | 2.09% | 1.55% | 4.16% | 6.23% | 3.71% |
FRIFX Fidelity Real Estate Income Fund | 4.54% | 4.99% | 4.10% | 1.33% | 4.77% | 4.38% | 4.47% | 4.37% | 4.30% | 6.32% | 7.55% | 10.31% |
Drawdowns
FIREX vs. FRIFX - Drawdown Comparison
The maximum FIREX drawdown since its inception was -74.26%, which is greater than FRIFX's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for FIREX and FRIFX. For additional features, visit the drawdowns tool.
Volatility
FIREX vs. FRIFX - Volatility Comparison
Fidelity International Real Estate Fund (FIREX) has a higher volatility of 2.97% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.60%. This indicates that FIREX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.