FIRIX vs. CREMX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor International Real Estate Fund Class I (FIRIX) and Redwood Real Estate Income Fund (CREMX).

FIRIX is managed by Fidelity. It was launched on Apr 4, 2007. CREMX is an actively managed fund by Redwood. It was launched on Jun 23, 2023.

Performance

FIRIX vs. CREMX - Performance Comparison

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

FIRIX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIRIX Fidelity Advisor International Real Estate Fund Class I	-5.03%	22.73%	-9.43%	7.56%
CREMX Redwood Real Estate Income Fund	1.84%	7.72%	8.09%	1.95%

Returns By Period

In the year-to-date period, FIRIX achieves a -5.03% return, which is significantly lower than CREMX's 1.84% return.

FIRIX

• 1D: 0.20%
• 1M: -13.64%
• YTD: -5.03%
• 6M: -2.99%
• 1Y: 12.98%
• 3Y*: 3.22%
• 5Y*: -2.20%
• 10Y*: 3.64%

CREMX

• 1D: 0.04%
• 1M: 0.52%
• YTD: 1.84%
• 6M: 3.80%
• 1Y: 7.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIRIX vs. CREMX - Expense Ratio Comparison

FIRIX has a 0.92% expense ratio, which is lower than CREMX's 5.16% expense ratio.

CREMX

Redwood Real Estate Income Fund

FIRIX

Fidelity Advisor International Real Estate Fund Class I

Return for Risk

FIRIX vs. CREMX — Risk / Return Rank

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

FIRIX

FIRIX Risk / Return Rank: 40
FIRIX Sharpe Ratio Rank: 49
FIRIX Sortino Ratio Rank: 45
FIRIX Omega Ratio Rank: 40
FIRIX Calmar Ratio Rank: 32
FIRIX Martin Ratio Rank: 36

CREMX

CREMX Risk / Return Rank: 100
CREMX Sharpe Ratio Rank: 100
CREMX Sortino Ratio Rank: 100
CREMX Omega Ratio Rank: 100
CREMX Calmar Ratio Rank: 100
CREMX Martin Ratio Rank: 100

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.

FIRIX vs. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Real Estate Fund Class I (FIRIX) and Redwood Real Estate Income Fund (CREMX). 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.

	FIRIX	CREMX	Difference
Sharpe ratio Return per unit of total volatility	0.96	10.81	-9.84
Sortino ratio Return per unit of downside risk	1.35	14.46	-13.11
Omega ratio Gain probability vs. loss probability	1.18	13.62	-12.43
Calmar ratio Return relative to maximum drawdown	0.89	16.19	-15.29
Martin ratio Return relative to average drawdown	3.90	101.79	-97.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIRIX vs. CREMX - Sharpe Ratio Comparison

The current FIRIX Sharpe Ratio is 0.96, which is lower than the CREMX Sharpe Ratio of 10.81. The chart below compares the historical Sharpe Ratios of FIRIX and CREMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIRIX	CREMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	10.81	-9.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	8.81	-8.68

Correlation

The correlation between FIRIX and CREMX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FIRIX vs. CREMX - Dividend Comparison

FIRIX's dividend yield for the trailing twelve months is around 3.15%, less than CREMX's 6.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRIX Fidelity Advisor International Real Estate Fund Class I	3.15%	2.99%	5.16%	1.90%	4.41%	5.49%	1.84%	5.15%	2.10%	3.41%	4.27%	3.09%
CREMX Redwood Real Estate Income Fund	6.66%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FIRIX vs. CREMX - Drawdown Comparison

The maximum FIRIX drawdown since its inception was -71.41%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for FIRIX and CREMX.

Drawdown Indicators

	FIRIX	CREMX	Difference
Max Drawdown Largest peak-to-trough decline	-71.41%	-0.71%	-70.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	-0.04%	-13.78%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.07%	—	—
Current Drawdown Current decline from peak	-21.56%	0.00%	-21.56%
Average Drawdown Average peak-to-trough decline	-20.00%	-0.02%	-19.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	0.08%	+3.09%

Volatility

FIRIX vs. CREMX - Volatility Comparison

Fidelity Advisor International Real Estate Fund Class I (FIRIX) has a higher volatility of 5.19% compared to Redwood Real Estate Income Fund (CREMX) at 0.11%. This indicates that FIRIX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIRIX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	0.11%	+5.08%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	0.29%	+8.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	0.67%	+12.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	0.89%	+12.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	0.89%	+12.78%