FIRIX vs. TAREX
Compare and contrast key facts about Fidelity Advisor International Real Estate Fund Class I (FIRIX) and Third Avenue Real Estate Value Fund (TAREX).
FIRIX is managed by Fidelity. It was launched on Apr 4, 2007. TAREX is managed by Third Avenue. It was launched on Sep 16, 1998.
Performance
FIRIX vs. TAREX - Performance Comparison
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FIRIX vs. TAREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRIX Fidelity Advisor International Real Estate Fund Class I | -5.03% | 22.73% | -9.43% | 4.07% | -26.55% | 11.87% | 5.82% | 28.09% | -6.12% | 26.95% |
TAREX Third Avenue Real Estate Value Fund | -11.96% | 12.52% | 13.54% | 23.48% | -26.53% | 30.69% | -8.23% | 21.09% | -19.98% | 16.10% |
Returns By Period
In the year-to-date period, FIRIX achieves a -5.03% return, which is significantly higher than TAREX's -11.96% return. Over the past 10 years, FIRIX has underperformed TAREX with an annualized return of 3.64%, while TAREX has yielded a comparatively higher 3.93% annualized 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%
TAREX
- 1D
- 0.18%
- 1M
- -13.71%
- YTD
- -11.96%
- 6M
- -13.39%
- 1Y
- -1.20%
- 3Y*
- 10.84%
- 5Y*
- 3.79%
- 10Y*
- 3.93%
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FIRIX vs. TAREX - Expense Ratio Comparison
FIRIX has a 0.92% expense ratio, which is lower than TAREX's 1.15% expense ratio.
Return for Risk
FIRIX vs. TAREX — Risk / Return Rank
FIRIX
TAREX
FIRIX vs. TAREX - 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 Third Avenue Real Estate Value Fund (TAREX). 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 | TAREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | -0.07 | +1.03 |
Sortino ratioReturn per unit of downside risk | 1.35 | 0.02 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.14 | +1.03 |
Martin ratioReturn relative to average drawdown | 3.90 | -0.51 | +4.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIRIX | TAREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | -0.07 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.21 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.21 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.46 | -0.33 |
Correlation
The correlation between FIRIX and TAREX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIRIX vs. TAREX - Dividend Comparison
FIRIX's dividend yield for the trailing twelve months is around 3.15%, less than TAREX's 6.45% 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% |
TAREX Third Avenue Real Estate Value Fund | 6.45% | 5.68% | 6.59% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 1.06% | 1.80% | 5.60% |
Drawdowns
FIRIX vs. TAREX - Drawdown Comparison
The maximum FIRIX drawdown since its inception was -71.41%, which is greater than TAREX's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FIRIX and TAREX.
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Drawdown Indicators
| FIRIX | TAREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.41% | -67.68% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -15.81% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -31.89% | -5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -44.73% | +7.66% |
Current DrawdownCurrent decline from peak | -21.56% | -15.66% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -11.19% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 4.31% | -1.14% |
Volatility
FIRIX vs. TAREX - Volatility Comparison
Fidelity Advisor International Real Estate Fund Class I (FIRIX) and Third Avenue Real Estate Value Fund (TAREX) have volatilities of 5.19% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRIX | TAREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.34% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 10.58% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 17.38% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 18.21% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.67% | 18.67% | -5.00% |