FRIFX vs. QREARX
FRIFX (Fidelity Real Estate Income Fund) and QREARX (TIAA Real Estate Account) are both REIT funds. Over the past year, FRIFX returned 7.77% vs 3.11% for QREARX. At a correlation of -0.20, they often move in opposite directions. FRIFX charges 0.71%/yr vs 0.90%/yr for QREARX.
Performance
FRIFX vs. QREARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRIFX achieves a 3.88% return, which is significantly higher than QREARX's 1.03% return.
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%
QREARX
- 1D
- -0.00%
- 1M
- 0.02%
- YTD
- 1.03%
- 6M
- 1.16%
- 1Y
- 3.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRIFX vs. QREARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 3.88% | 7.25% |
QREARX TIAA Real Estate Account | 1.03% | 3.93% |
Correlation
The correlation between FRIFX and QREARX is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025 | -0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRIFX vs. QREARX — Risk / Return Rank
FRIFX
QREARX
FRIFX vs. QREARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and TIAA Real Estate Account (QREARX). 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 | QREARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 2.40 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 8.56 | -6.25 |
| Martin ratioReturn relative to average drawdown | 10.13 | 31.17 | -21.04 |
Loading charts...
Drawdowns
FRIFX vs. QREARX - Drawdown Comparison
The maximum FRIFX drawdown since its inception was -38.27%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for FRIFX and QREARX.
Loading charts...
Drawdown Indicators
| FRIFX | QREARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -1.45% | -36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.37% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.00% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.06% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.10% | +0.68% |
Volatility
FRIFX vs. QREARX - Volatility Comparison
Fidelity Real Estate Income Fund (FRIFX) has a higher volatility of 1.34% compared to TIAA Real Estate Account (QREARX) at 0.12%. This indicates that FRIFX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRIFX | QREARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.12% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 0.45% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 0.77% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 1.63% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 1.63% | +7.84% |
FRIFX vs. QREARX - Expense Ratio Comparison
FRIFX has a 0.71% expense ratio, which is lower than QREARX's 0.90% expense ratio.
Dividends
FRIFX vs. QREARX - Dividend Comparison
FRIFX's dividend yield for the trailing twelve months is around 4.55%, while QREARX has not paid dividends to shareholders.
| 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% |
QREARX TIAA Real Estate Account | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRIFX and QREARX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRIFX has higher volatility (1.34%) compared to QREARX (0.12%). In terms of maximum drawdown, FRIFX dropped -38.27% vs QREARX's -1.45%.
QREARX currently has the higher Sharpe Ratio (4.10 vs 1.89), 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.
Find the right allocation for FRIFX and QREARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer