FRIQX vs. GRIFX
FRIQX (Fidelity Advisor Real Estate Income Fund Class M) and GRIFX (Apollo Diversified Real Estate Fund Class I) are both REIT funds. Over the past 10 years, FRIQX returned 5.09%/yr vs 4.53%/yr for GRIFX. Their correlation of 0.82 suggests significant overlap in exposure. FRIQX charges 0.99%/yr vs 2.23%/yr for GRIFX.
Performance
FRIQX vs. GRIFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FRIQX having a 4.09% return and GRIFX slightly higher at 4.17%. Over the past 10 years, FRIQX has outperformed GRIFX with an annualized return of 5.09%, while GRIFX has yielded a comparatively lower 4.53% annualized return.
FRIQX
- 1D
- 0.32%
- 1M
- 0.40%
- YTD
- 4.09%
- 6M
- 4.18%
- 1Y
- 7.22%
- 3Y*
- 8.58%
- 5Y*
- 3.23%
- 10Y*
- 5.09%
GRIFX
- 1D
- 0.41%
- 1M
- 0.34%
- YTD
- 4.17%
- 6M
- 4.00%
- 1Y
- 4.49%
- 3Y*
- 3.14%
- 5Y*
- 3.58%
- 10Y*
- 4.53%
FRIQX vs. GRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIQX Fidelity Advisor Real Estate Income Fund Class M | 4.09% | 6.87% | 7.59% | 9.08% | -14.87% | 18.61% | -1.37% | 17.58% | -2.02% | 5.99% |
GRIFX Apollo Diversified Real Estate Fund Class I | 4.17% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
Correlation
The correlation between FRIQX and GRIFX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.82 |
The correlation between FRIQX and GRIFX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
FRIQX vs. GRIFX — Risk / Return Rank
FRIQX
GRIFX
FRIQX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Income Fund Class M (FRIQX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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.
| FRIQX | GRIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.74 | -0.55 |
| Martin ratioReturn relative to average drawdown | 9.47 | 6.71 | +2.76 |
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Drawdowns
FRIQX vs. GRIFX - Drawdown Comparison
The maximum FRIQX drawdown since its inception was -34.50%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FRIQX and GRIFX.
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Drawdown Indicators
| FRIQX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -14.29% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -1.70% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -7.28% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -14.29% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -14.29% | -20.21% |
Current DrawdownCurrent decline from peak | -0.32% | -1.72% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -3.36% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.69% | +0.10% |
Volatility
FRIQX vs. GRIFX - Volatility Comparison
Fidelity Advisor Real Estate Income Fund Class M (FRIQX) and Apollo Diversified Real Estate Fund Class I (GRIFX) have volatilities of 1.29% and 1.23%, 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.
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Volatility by Period
| FRIQX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.23% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 2.70% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.73% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 5.51% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 4.62% | +4.89% |
FRIQX vs. GRIFX - Expense Ratio Comparison
FRIQX has a 0.99% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Dividends
FRIQX vs. GRIFX - Dividend Comparison
FRIQX's dividend yield for the trailing twelve months is around 4.26%, less than GRIFX's 7.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIQX Fidelity Advisor Real Estate Income Fund Class M | 4.26% | 4.40% | 4.40% | 4.76% | 5.78% | 1.30% | 4.51% | 5.43% | 4.88% | 4.20% | 4.74% | 3.50% |
GRIFX Apollo Diversified Real Estate Fund Class I | 7.78% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Frequently Asked Questions
FRIQX and GRIFX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRIQX has higher volatility (1.29%) compared to GRIFX (1.23%). In terms of maximum drawdown, FRIQX dropped -34.50% vs GRIFX's -14.29%.
FRIQX currently has the higher Sharpe Ratio (1.79 vs 1.25), 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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