FRINX vs. CSRIX

Last updated Aug 4, 2026

FRINX (Fidelity Advisor Real Estate Income Fund Class A) and CSRIX (Cohen & Steers Institutional Realty Shares) are both REIT funds. Over the past 10 years, FRINX returned 4.58%/yr vs 6.87%/yr for CSRIX. Their correlation of 0.89 means they have usually moved in the same direction. FRINX charges 0.98%/yr vs 0.76%/yr for CSRIX.

Performance

FRINX vs. CSRIX - Performance Comparison

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

Returns By Period

In the year-to-date period, FRINX achieves a 3.02% return, which is significantly lower than CSRIX's 17.09% return. Over the past 10 years, FRINX has underperformed CSRIX with an annualized return of 4.58%, while CSRIX has yielded a comparatively higher 6.87% annualized return.

FRINX

• 1D: -0.16%
• 1M: -1.59%
• 6M: 2.51%
• YTD: 3.02%
• 1Y: 5.87%
• 3Y*: 7.23%
• 5Y*: 2.63%
• 10Y*: 4.58%
• ALL TIME*: 6.21%

CSRIX

• 1D: -0.72%
• 1M: 1.28%
• 6M: 16.10%
• YTD: 17.09%
• 1Y: 16.85%
• 3Y*: 10.35%
• 5Y*: 3.98%
• 10Y*: 6.87%
• ALL TIME*: 7.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSRIX Cohen & Steers Institutional Realty Shares	$0.00	$0.00	$0.00
FRINX Fidelity Advisor Real Estate Income Fund Class A	$0.00	$0.00	$0.00

FRINX vs. CSRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRINX Fidelity Advisor Real Estate Income Fund Class A	3.02%	6.87%	7.61%	9.01%	-14.79%	18.64%	-1.36%	17.52%	-1.93%	6.00%
CSRIX Cohen & Steers Institutional Realty Shares	17.09%	3.10%	6.26%	12.75%	-25.15%	42.40%	-2.55%	36.11%	-4.68%	6.71%

Correlation

The correlation between FRINX and CSRIX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.89

The correlation between FRINX and CSRIX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

FRINX vs. CSRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FRINX

FRINX Risk / Return Rank: 45
FRINX Sharpe Ratio Rank: 46
FRINX Sortino Ratio Rank: 44
FRINX Omega Ratio Rank: 49
FRINX Calmar Ratio Rank: 40
FRINX Martin Ratio Rank: 47

CSRIX

CSRIX Risk / Return Rank: 41
CSRIX Sharpe Ratio Rank: 35
CSRIX Sortino Ratio Rank: 34
CSRIX Omega Ratio Rank: 34
CSRIX Calmar Ratio Rank: 60
CSRIX Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FRINX vs. CSRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Income Fund Class A (FRINX) and Cohen & Steers Institutional Realty Shares (CSRIX). 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.

	FRINX	CSRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.19	+0.22
Sortino ratio: Return per unit of downside risk	1.99	1.70	+0.29
Omega ratio: Gain probability vs. loss probability	1.27	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	1.76	2.19	-0.43
Martin ratio: Return relative to average drawdown	7.04	6.88	+0.16

FRINX vs. CSRIX - Sharpe Ratio Comparison

The current FRINX Sharpe Ratio is 1.41, which is comparable to the CSRIX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FRINX and CSRIX, 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

FRINX vs. CSRIX - Drawdown Comparison

The maximum FRINX drawdown since its inception was -34.50%, smaller than the maximum CSRIX drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for FRINX and CSRIX.

Drawdown Indicators

	FRINX	CSRIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.50%	-41.45%	+6.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-7.74%	+4.29%
Max Drawdown (3Y) Largest decline over 3 years	-6.20%	-16.89%	+10.69%
Max Drawdown (5Y) Largest decline over 5 years	-18.30%	-31.79%	+13.49%
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	-41.45%	+6.95%
Current Drawdown Current decline from peak	-1.67%	-2.23%	+0.56%
Average Drawdown Average peak-to-trough decline	-3.35%	-8.69%	+5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	2.48%	-1.62%

Volatility

FRINX vs. CSRIX - Volatility Comparison

The current volatility for Fidelity Advisor Real Estate Income Fund Class A (FRINX) is 1.62%, while Cohen & Steers Institutional Realty Shares (CSRIX) has a volatility of 4.38%. This indicates that FRINX experiences smaller price fluctuations and is considered to be less risky than CSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRINX	CSRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	4.38%	-2.76%
Volatility (6M) Calculated over the trailing 6-month period	3.53%	11.23%	-7.70%
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	14.29%	-9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	18.68%	-12.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.51%	20.55%	-11.04%

FRINX vs. CSRIX - Expense Ratio Comparison

FRINX has a 0.98% expense ratio, which is higher than CSRIX's 0.76% expense ratio.

Dividends

FRINX vs. CSRIX - Dividend Comparison

FRINX's dividend yield for the trailing twelve months is around 3.20%, more than CSRIX's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSRIX Cohen & Steers Institutional Realty Shares	2.68%	3.14%	2.97%	3.04%	4.28%	3.87%	4.91%	12.97%	5.45%	6.28%	12.61%	13.63%
FRINX Fidelity Advisor Real Estate Income Fund Class A	3.20%	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 FRINX and CSRIX in my portfolio?

FRINX and CSRIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRINX or CSRIX?

CSRIX has higher volatility (4.38%) compared to FRINX (1.62%). In terms of maximum drawdown, FRINX dropped -34.50% vs CSRIX's -41.45%.

Which has better risk-adjusted returns?

FRINX currently has the higher Sharpe Ratio (1.41 vs 1.19), 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.