FRIFX vs. FRINX

Last updated Jun 23, 2026

FRIFX (Fidelity Real Estate Income Fund) and FRINX (Fidelity Advisor Real Estate Income Fund Class A) are both REIT funds from Fidelity. Over the past 10 years, FRIFX returned 5.31%/yr vs 5.05%/yr for FRINX. With a 0.98 correlation, they move nearly in lockstep. FRIFX charges 0.71%/yr vs 0.98%/yr for FRINX.

Performance

FRIFX vs. FRINX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FRIFX having a 3.88% return and FRINX slightly lower at 3.77%. Both investments have delivered pretty close results over the past 10 years, with FRIFX having a 5.31% annualized return and FRINX not far behind at 5.05%.

FRIFX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 3.88%
• 6M: 4.14%
• 1Y: 7.77%
• 3Y*: 8.36%
• 5Y*: 3.57%
• 10Y*: 5.31%

FRINX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 3.77%
• 6M: 4.03%
• 1Y: 7.50%
• 3Y*: 8.06%
• 5Y*: 3.29%
• 10Y*: 5.05%

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

FRIFX vs. FRINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRIFX Fidelity Real Estate Income Fund	3.88%	7.16%	7.93%	9.32%	-14.54%	18.90%	-1.09%	17.92%	-1.80%	6.20%
FRINX Fidelity Advisor Real Estate Income Fund Class A	3.77%	6.87%	7.61%	9.01%	-14.79%	18.64%	-1.36%	17.52%	-1.93%	6.00%

Correlation

The correlation between FRIFX and FRINX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010	0.98

The correlation between FRIFX and FRINX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FRIFX vs. FRINX — Risk / Return Rank

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

FRIFX

FRIFX Risk / Return Rank: 47
FRIFX Sharpe Ratio Rank: 48
FRIFX Sortino Ratio Rank: 47
FRIFX Omega Ratio Rank: 48
FRIFX Calmar Ratio Rank: 41
FRIFX Martin Ratio Rank: 53

FRINX

FRINX Risk / Return Rank: 46
FRINX Sharpe Ratio Rank: 46
FRINX Sortino Ratio Rank: 47
FRINX Omega Ratio Rank: 48
FRINX Calmar Ratio Rank: 37
FRINX Martin Ratio Rank: 50

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.

FRIFX vs. FRINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and Fidelity Advisor Real Estate Income Fund Class A (FRINX). 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.

	FRIFX	FRINX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.85	+0.04
Sortino ratio: Return per unit of downside risk	2.67	2.66	+0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	2.21	+0.10
Martin ratio: Return relative to average drawdown	10.13	9.75	+0.38

FRIFX vs. FRINX - Sharpe Ratio Comparison

The current FRIFX Sharpe Ratio is 1.89, which is comparable to the FRINX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FRIFX and FRINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FRIFX vs. FRINX - Drawdown Comparison

The maximum FRIFX drawdown since its inception was -38.27%, which is greater than FRINX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for FRIFX and FRINX.

Drawdown Indicators

	FRIFX	FRINX	Difference
Max Drawdown Largest peak-to-trough decline	-38.27%	-34.50%	-3.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.42%	-3.45%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-7.24%	-7.27%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.12%	-18.30%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	-34.50%	0.00%
Current Drawdown Current decline from peak	-0.63%	-0.64%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.25%	-3.37%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.78%	0.00%

Volatility

FRIFX vs. FRINX - Volatility Comparison

Fidelity Real Estate Income Fund (FRIFX) and Fidelity Advisor Real Estate Income Fund Class A (FRINX) have volatilities of 1.34% and 1.29%, 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.

Volatility by Period

	FRIFX	FRINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	1.29%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	3.23%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	4.12%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.47%	6.48%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	9.50%	-0.03%

FRIFX vs. FRINX - Expense Ratio Comparison

FRIFX has a 0.71% expense ratio, which is lower than FRINX's 0.98% expense ratio.

Dividends

FRIFX vs. FRINX - Dividend Comparison

FRIFX's dividend yield for the trailing twelve months is around 4.55%, more than FRINX's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRIFX Fidelity Real Estate Income Fund	4.55%	4.69%	4.65%	4.99%	6.04%	1.47%	4.77%	5.68%	5.08%	4.40%	4.98%	3.65%
FRINX Fidelity Advisor Real Estate Income Fund Class A	4.27%	4.40%	4.41%	4.78%	5.80%	1.31%	4.53%	5.45%	4.89%	4.21%	4.77%	3.53%

Frequently Asked Questions

Can I hold both FRIFX and FRINX in my portfolio?

With a correlation of 0.99, FRIFX and FRINX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FRIFX or FRINX?

FRIFX has higher volatility (1.34%) compared to FRINX (1.29%). In terms of maximum drawdown, FRIFX dropped -38.27% vs FRINX's -34.50%.

Which has better risk-adjusted returns?

FRIFX currently has the higher Sharpe Ratio (1.89 vs 1.85), 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.