FRIOX vs. FSRNX
Compare and contrast key facts about Fidelity Advisor Real Estate Income Fund Class C (FRIOX) and Fidelity Real Estate Index Fund (FSRNX).
FRIOX is managed by Fidelity. It was launched on Apr 14, 2010. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Performance
FRIOX vs. FSRNX - Performance Comparison
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FRIOX vs. FSRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIOX Fidelity Advisor Real Estate Income Fund Class C | -0.25% | 6.06% | 6.79% | 8.31% | -15.51% | 17.80% | -2.13% | 16.74% | -2.56% | 5.39% |
FSRNX Fidelity Real Estate Index Fund | -0.56% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
Returns By Period
In the year-to-date period, FRIOX achieves a -0.25% return, which is significantly higher than FSRNX's -0.56% return. Over the past 10 years, FRIOX has outperformed FSRNX with an annualized return of 4.26%, while FSRNX has yielded a comparatively lower 3.12% annualized return.
FRIOX
- 1D
- 0.34%
- 1M
- -3.18%
- YTD
- -0.25%
- 6M
- 0.45%
- 1Y
- 3.31%
- 3Y*
- 6.28%
- 5Y*
- 2.84%
- 10Y*
- 4.26%
FSRNX
- 1D
- 0.44%
- 1M
- -7.86%
- YTD
- -0.56%
- 6M
- -3.07%
- 1Y
- -0.02%
- 3Y*
- 5.74%
- 5Y*
- 2.79%
- 10Y*
- 3.12%
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FRIOX vs. FSRNX - Expense Ratio Comparison
FRIOX has a 1.72% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Return for Risk
FRIOX vs. FSRNX — Risk / Return Rank
FRIOX
FSRNX
FRIOX vs. FSRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Income Fund Class C (FRIOX) and Fidelity Real Estate Index Fund (FSRNX). 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.
| FRIOX | FSRNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.05 | +0.66 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.19 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.06 | +0.77 |
Martin ratioReturn relative to average drawdown | 3.49 | 0.24 | +3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRIOX | FSRNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.05 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.15 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.15 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.32 | +0.34 |
Correlation
The correlation between FRIOX and FSRNX is 0.90, 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.
Dividends
FRIOX vs. FSRNX - Dividend Comparison
FRIOX's dividend yield for the trailing twelve months is around 3.69%, more than FSRNX's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 3.69% | 3.68% | 3.68% | 4.09% | 5.00% | 1.02% | 3.92% | 4.76% | 4.46% | 3.69% | 4.05% | 3.11% |
FSRNX Fidelity Real Estate Index Fund | 2.79% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
Drawdowns
FRIOX vs. FSRNX - Drawdown Comparison
The maximum FRIOX drawdown since its inception was -34.54%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FRIOX and FSRNX.
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Drawdown Indicators
| FRIOX | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.54% | -44.26% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -12.45% | +8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -34.27% | +15.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.54% | -44.26% | +9.72% |
Current DrawdownCurrent decline from peak | -3.18% | -11.07% | +7.89% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -9.77% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 3.18% | -2.13% |
Volatility
FRIOX vs. FSRNX - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class C (FRIOX) is 1.63%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 4.21%. This indicates that FRIOX experiences smaller price fluctuations and is considered to be less risky than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIOX | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 4.21% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.20% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 16.38% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 18.89% | -12.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.49% | 21.41% | -11.92% |