FIRIX vs. JIREX
FIRIX (Fidelity Advisor International Real Estate Fund Class I) and JIREX (JHancock Real Estate Securities Fund) are both REIT funds. Over the past 10 years, FIRIX returned 3.98%/yr vs 5.59%/yr for JIREX. A 0.51 correlation means they provide meaningful diversification when combined. FIRIX charges 0.92%/yr vs 0.85%/yr for JIREX.
Performance
FIRIX vs. JIREX - Performance Comparison
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Returns By Period
In the year-to-date period, FIRIX achieves a -4.08% return, which is significantly lower than JIREX's 13.46% return. Over the past 10 years, FIRIX has underperformed JIREX with an annualized return of 3.98%, while JIREX has yielded a comparatively higher 5.59% annualized return.
FIRIX
- 1D
- -0.10%
- 1M
- -1.85%
- YTD
- -4.08%
- 6M
- -3.81%
- 1Y
- 1.83%
- 3Y*
- 4.44%
- 5Y*
- -3.57%
- 10Y*
- 3.98%
JIREX
- 1D
- 1.25%
- 1M
- 0.73%
- YTD
- 13.46%
- 6M
- 13.28%
- 1Y
- 12.54%
- 3Y*
- 11.70%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
FIRIX vs. JIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRIX Fidelity Advisor International Real Estate Fund Class I | -4.08% | 22.73% | -9.43% | 4.07% | -26.55% | 11.87% | 5.82% | 28.09% | -6.12% | 26.95% |
JIREX JHancock Real Estate Securities Fund | 13.46% | -1.14% | 10.74% | 12.94% | -28.64% | 46.44% | -5.53% | 29.33% | -3.46% | 4.72% |
Correlation
The correlation between FIRIX and JIREX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2006 | 0.51 |
The correlation between FIRIX and JIREX shifts across timeframes, from 0.41 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIRIX vs. JIREX — Risk / Return Rank
FIRIX
JIREX
FIRIX vs. JIREX - 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 JHancock Real Estate Securities Fund (JIREX). 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.
| FIRIX | JIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.34 | -2.17 |
| Martin ratioReturn relative to average drawdown | 0.42 | 7.54 | -7.12 |
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Drawdowns
FIRIX vs. JIREX - Drawdown Comparison
The maximum FIRIX drawdown since its inception was -71.41%, roughly equal to the maximum JIREX drawdown of -73.35%. Use the drawdown chart below to compare losses from any high point for FIRIX and JIREX.
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Drawdown Indicators
| FIRIX | JIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.41% | -73.35% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -7.36% | -6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.13% | -20.46% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -34.41% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -41.23% | +4.16% |
Current DrawdownCurrent decline from peak | -20.77% | -1.14% | -19.63% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -14.79% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.23% | +3.57% |
Volatility
FIRIX vs. JIREX - Volatility Comparison
The current volatility for Fidelity Advisor International Real Estate Fund Class I (FIRIX) is 3.45%, while JHancock Real Estate Securities Fund (JIREX) has a volatility of 5.34%. This indicates that FIRIX experiences smaller price fluctuations and is considered to be less risky than JIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRIX | JIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 5.34% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 10.32% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 14.47% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 19.21% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 21.08% | -7.35% |
FIRIX vs. JIREX - Expense Ratio Comparison
FIRIX has a 0.92% expense ratio, which is higher than JIREX's 0.85% expense ratio.
Dividends
FIRIX vs. JIREX - Dividend Comparison
FIRIX's dividend yield for the trailing twelve months is around 3.12%, while JIREX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRIX Fidelity Advisor International Real Estate Fund Class I | 3.12% | 2.99% | 5.16% | 1.90% | 4.41% | 5.49% | 1.84% | 5.15% | 2.10% | 3.41% | 4.27% | 3.09% |
JIREX JHancock Real Estate Securities Fund | 0.00% | 0.00% | 1.99% | 2.37% | 13.80% | 11.82% | 1.92% | 8.80% | 4.66% | 5.89% | 8.70% | 12.72% |
Frequently Asked Questions
FIRIX and JIREX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIREX has higher volatility (5.34%) compared to FIRIX (3.45%). In terms of maximum drawdown, FIRIX dropped -71.41% vs JIREX's -73.35%.
JIREX currently has the higher Sharpe Ratio (1.19 vs 0.20), 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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