FRIQX vs. RPFRX
FRIQX (Fidelity Advisor Real Estate Income Fund Class M) and RPFRX (Davis Real Estate Fund) are both REIT funds. Over the past 10 years, FRIQX returned 4.53%/yr vs 3.59%/yr for RPFRX. Their correlation of 0.89 means they have usually moved in the same direction. FRIQX charges 0.99%/yr vs 0.95%/yr for RPFRX.
Performance
FRIQX vs. RPFRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRIQX achieves a 3.18% return, which is significantly lower than RPFRX's 15.95% return. Over the past 10 years, FRIQX has outperformed RPFRX with an annualized return of 4.53%, while RPFRX has yielded a comparatively lower 3.59% annualized return.
FRIQX
- 1D
- -0.24%
- 1M
- -1.35%
- 6M
- 2.42%
- YTD
- 3.18%
- 1Y
- 6.04%
- 3Y*
- 7.21%
- 5Y*
- 2.66%
- 10Y*
- 4.53%
- ALL TIME*
- 6.21%
RPFRX
- 1D
- -0.56%
- 1M
- 1.14%
- 6M
- 13.02%
- YTD
- 15.95%
- 1Y
- 14.95%
- 3Y*
- 5.19%
- 5Y*
- 0.23%
- 10Y*
- 3.59%
- ALL TIME*
- 8.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRIQX vs. RPFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIQX Fidelity Advisor Real Estate Income Fund Class M | 3.18% | 6.87% | 7.59% | 9.08% | -14.87% | 18.61% | -1.37% | 17.58% | -2.02% | 5.99% |
RPFRX Davis Real Estate Fund | 15.95% | -6.17% | 2.30% | 10.48% | -26.78% | 43.26% | -8.25% | 25.39% | -4.52% | 8.32% |
Correlation
The correlation between FRIQX and RPFRX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.89 |
The correlation between FRIQX and RPFRX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRIQX vs. RPFRX — Risk / Return Rank
FRIQX
RPFRX
FRIQX vs. RPFRX - 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 Davis Real Estate Fund (RPFRX). 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 | RPFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.22 | +0.57 |
| Martin ratioReturn relative to average drawdown | 7.15 | 3.08 | +4.07 |
Loading charts...
Drawdowns
FRIQX vs. RPFRX - Drawdown Comparison
The maximum FRIQX drawdown since its inception was -34.50%, smaller than the maximum RPFRX drawdown of -75.01%. Use the drawdown chart below to compare losses from any high point for FRIQX and RPFRX.
Loading charts...
Drawdown Indicators
| FRIQX | RPFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -75.01% | +40.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -10.13% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -22.20% | +16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -35.52% | +17.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -42.29% | +7.79% |
Current DrawdownCurrent decline from peak | -1.43% | -10.09% | +8.66% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -13.40% | +10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 4.02% | -3.16% |
Volatility
FRIQX vs. RPFRX - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class M (FRIQX) is 1.60%, while Davis Real Estate Fund (RPFRX) has a volatility of 4.23%. This indicates that FRIQX experiences smaller price fluctuations and is considered to be less risky than RPFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRIQX | RPFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 4.23% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 11.09% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 14.94% | -10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 19.53% | -13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 21.17% | -11.66% |
FRIQX vs. RPFRX - Expense Ratio Comparison
FRIQX has a 0.99% expense ratio, which is higher than RPFRX's 0.95% expense ratio.
Dividends
FRIQX vs. RPFRX - Dividend Comparison
FRIQX's dividend yield for the trailing twelve months is around 3.19%, less than RPFRX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIQX Fidelity Advisor Real Estate Income Fund Class M | 3.19% | 4.40% | 4.40% | 4.76% | 5.78% | 1.30% | 4.51% | 5.43% | 4.88% | 4.20% | 4.74% | 3.50% |
RPFRX Davis Real Estate Fund | 6.37% | 6.48% | 1.43% | 2.26% | 5.33% | 1.05% | 1.77% | 2.78% | 6.03% | 5.84% | 1.61% | 1.19% |
Frequently Asked Questions
FRIQX and RPFRX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPFRX has higher volatility (4.23%) compared to FRIQX (1.60%). In terms of maximum drawdown, FRIQX dropped -34.50% vs RPFRX's -75.01%.
FRIQX currently has the higher Sharpe Ratio (1.41 vs 0.83), 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.
Find the right allocation for FRIQX and RPFRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer