FRINX vs. PHRAX
FRINX (Fidelity Advisor Real Estate Income Fund Class A) and PHRAX (Virtus Duff & Phelps Real Estate Securities Fund) are both REIT funds. Over the past 10 years, FRINX returned 5.07%/yr vs 6.36%/yr for PHRAX. Their correlation of 0.89 suggests significant overlap in exposure. FRINX charges 0.98%/yr vs 1.36%/yr for PHRAX.
Performance
FRINX vs. PHRAX - Performance Comparison
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Returns By Period
In the year-to-date period, FRINX achieves a 3.77% return, which is significantly lower than PHRAX's 15.62% return. Over the past 10 years, FRINX has underperformed PHRAX with an annualized return of 5.07%, while PHRAX has yielded a comparatively higher 6.36% annualized return.
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%
PHRAX
- 1D
- 1.39%
- 1M
- 0.47%
- YTD
- 15.62%
- 6M
- 16.01%
- 1Y
- 14.04%
- 3Y*
- 12.52%
- 5Y*
- 4.42%
- 10Y*
- 6.36%
FRINX vs. PHRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 15.62% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -7.41% | 5.65% |
Correlation
The correlation between FRINX and PHRAX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.89 |
The correlation between FRINX and PHRAX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
FRINX vs. PHRAX — Risk / Return Rank
FRINX
PHRAX
FRINX vs. PHRAX - 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 Virtus Duff & Phelps Real Estate Securities Fund (PHRAX). 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 | PHRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.97 | +0.21 |
| Martin ratioReturn relative to average drawdown | 9.62 | 5.73 | +3.89 |
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Drawdowns
FRINX vs. PHRAX - Drawdown Comparison
The maximum FRINX drawdown since its inception was -34.50%, smaller than the maximum PHRAX drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for FRINX and PHRAX.
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Drawdown Indicators
| FRINX | PHRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -72.56% | +38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -7.83% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -19.09% | +11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -33.51% | +15.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -42.00% | +7.50% |
Current DrawdownCurrent decline from peak | -0.64% | -1.04% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -11.35% | +7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.69% | -1.91% |
Volatility
FRINX vs. PHRAX - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class A (FRINX) is 1.20%, while Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) has a volatility of 5.14%. This indicates that FRINX experiences smaller price fluctuations and is considered to be less risky than PHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRINX | PHRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 5.14% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 10.16% | -6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 13.75% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 19.11% | -12.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 21.02% | -11.51% |
FRINX vs. PHRAX - Expense Ratio Comparison
FRINX has a 0.98% expense ratio, which is lower than PHRAX's 1.36% expense ratio.
Dividends
FRINX vs. PHRAX - Dividend Comparison
FRINX's dividend yield for the trailing twelve months is around 4.27%, less than PHRAX's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 5.06% | 5.93% | 8.39% | 12.35% | 11.12% | 4.45% | 5.58% | 21.34% | 19.03% | 18.54% | 21.22% | 20.04% |
Frequently Asked Questions
FRINX and PHRAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHRAX has higher volatility (5.14%) compared to FRINX (1.20%). In terms of maximum drawdown, FRINX dropped -34.50% vs PHRAX's -72.56%.
FRINX currently has the higher Sharpe Ratio (1.83 vs 1.13), 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.
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