FRIFX vs. TIREX
Compare and contrast key facts about Fidelity Real Estate Income Fund (FRIFX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX).
FRIFX is managed by Fidelity. It was launched on Feb 4, 2003. TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRIFX or TIREX.
Performance
FRIFX vs. TIREX - Performance Comparison
Returns By Period
In the year-to-date period, FRIFX achieves a 9.15% return, which is significantly lower than TIREX's 11.59% return. Over the past 10 years, FRIFX has underperformed TIREX with an annualized return of 5.60%, while TIREX has yielded a comparatively higher 7.22% annualized return.
FRIFX
9.15%
-0.49%
8.11%
15.70%
4.01%
5.60%
TIREX
11.59%
0.31%
20.52%
24.53%
5.13%
7.22%
Key characteristics
| FRIFX | TIREX | |
|---|---|---|
| Sharpe Ratio | 2.94 | 1.56 |
| Sortino Ratio | 4.27 | 2.20 |
| Omega Ratio | 1.59 | 1.27 |
| Calmar Ratio | 1.32 | 0.87 |
| Martin Ratio | 16.74 | 5.41 |
| Ulcer Index | 0.94% | 4.64% |
| Daily Std Dev | 5.34% | 16.05% |
| Max Drawdown | -39.77% | -74.18% |
| Current Drawdown | -1.39% | -10.81% |
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FRIFX vs. TIREX - Expense Ratio Comparison
FRIFX has a 0.71% expense ratio, which is higher than TIREX's 0.47% expense ratio.
Correlation
The correlation between FRIFX and TIREX is 0.86, 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.
Risk-Adjusted Performance
FRIFX vs. TIREX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). 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.
Dividends
FRIFX vs. TIREX - Dividend Comparison
FRIFX's dividend yield for the trailing twelve months is around 4.55%, more than TIREX's 2.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIFX Fidelity Real Estate Income Fund | 4.55% | 4.99% | 4.10% | 1.33% | 4.77% | 4.38% | 4.47% | 4.37% | 4.30% | 6.32% | 7.55% | 10.31% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.84% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
Drawdowns
FRIFX vs. TIREX - Drawdown Comparison
The maximum FRIFX drawdown since its inception was -39.77%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for FRIFX and TIREX. For additional features, visit the drawdowns tool.
Volatility
FRIFX vs. TIREX - Volatility Comparison
The current volatility for Fidelity Real Estate Income Fund (FRIFX) is 1.44%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 4.70%. This indicates that FRIFX experiences smaller price fluctuations and is considered to be less risky than TIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.