FRINX vs. FIKMX

Last updated Jun 24, 2026

FRINX (Fidelity Advisor Real Estate Income Fund Class A) and FIKMX (Fidelity Advisor Real Estate Income Fund Class Z) are both REIT funds from Fidelity. Over the past 5 years, FRINX returned 3.18%/yr vs 3.59%/yr for FIKMX. With a 0.99 correlation, they move nearly in lockstep. FRINX charges 0.98%/yr vs 0.59%/yr for FIKMX.

Performance

FRINX vs. FIKMX - 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 Fidelity Advisor Real Estate Income Fund Class Z (FIKMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FRINX having a 3.77% return and FIKMX slightly higher at 3.93%.

FRINX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 3.77%
• 6M: 4.12%
• 1Y: 7.06%
• 3Y*: 8.45%
• 5Y*: 3.18%
• 10Y*: 5.07%

FIKMX

• 1D: 0.08%
• 1M: 0.08%
• YTD: 3.93%
• 6M: 4.36%
• 1Y: 7.55%
• 3Y*: 8.86%
• 5Y*: 3.59%
• 10Y*: —

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

FRINX vs. FIKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	-1.77%
FIKMX Fidelity Advisor Real Estate Income Fund Class Z	3.93%	7.29%	8.03%	9.51%	-14.48%	19.04%	-0.98%	18.04%	-1.71%

Correlation

The correlation between FRINX and FIKMX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.99

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

Return for Risk

FRINX vs. FIKMX — Risk / Return Rank

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

FRINX

FRINX Risk / Return Rank: 45
FRINX Sharpe Ratio Rank: 46
FRINX Sortino Ratio Rank: 46
FRINX Omega Ratio Rank: 47
FRINX Calmar Ratio Rank: 37
FRINX Martin Ratio Rank: 49

FIKMX

FIKMX Risk / Return Rank: 48
FIKMX Sharpe Ratio Rank: 49
FIKMX Sortino Ratio Rank: 50
FIKMX Omega Ratio Rank: 51
FIKMX Calmar Ratio Rank: 41
FIKMX Martin Ratio Rank: 52

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.

FRINX vs. FIKMX - 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 Fidelity Advisor Real Estate Income Fund Class Z (FIKMX). 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	FIKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.92	-0.09
Sortino ratio: Return per unit of downside risk	2.63	2.72	-0.09
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.19	2.31	-0.13
Martin ratio: Return relative to average drawdown	9.62	10.01	-0.39

FRINX vs. FIKMX - Sharpe Ratio Comparison

The current FRINX Sharpe Ratio is 1.83, which is comparable to the FIKMX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FRINX and FIKMX, 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. FIKMX - Drawdown Comparison

The maximum FRINX drawdown since its inception was -34.50%, roughly equal to the maximum FIKMX drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for FRINX and FIKMX.

Drawdown Indicators

	FRINX	FIKMX	Difference
Max Drawdown Largest peak-to-trough decline	-34.50%	-34.49%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-3.43%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-7.27%	-7.16%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-18.30%	-18.04%	-0.26%
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.56%	-0.08%
Average Drawdown Average peak-to-trough decline	-3.37%	-5.11%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.79%	-0.01%

Volatility

FRINX vs. FIKMX - Volatility Comparison

Fidelity Advisor Real Estate Income Fund Class A (FRINX) and Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) have volatilities of 1.20% and 1.24%, 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

	FRINX	FIKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.24%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	3.23%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	4.15%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.48%	6.48%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.51%	10.56%	-1.05%

FRINX vs. FIKMX - Expense Ratio Comparison

FRINX has a 0.98% expense ratio, which is higher than FIKMX's 0.59% expense ratio.

Dividends

FRINX vs. FIKMX - Dividend Comparison

FRINX's dividend yield for the trailing twelve months is around 4.27%, less than FIKMX's 4.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKMX Fidelity Advisor Real Estate Income Fund Class Z	4.65%	4.80%	4.81%	5.15%	6.24%	1.59%	4.90%	5.82%	2.31%	0.00%	0.00%	0.00%
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 FRINX and FIKMX in my portfolio?

With a correlation of 0.98, FRINX and FIKMX 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, FRINX or FIKMX?

FIKMX has higher volatility (1.24%) compared to FRINX (1.20%). In terms of maximum drawdown, FRINX dropped -34.50% vs FIKMX's -34.49%.

Which has better risk-adjusted returns?

FIKMX currently has the higher Sharpe Ratio (1.92 vs 1.83), 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.