FRIRX vs. FSREX
Compare and contrast key facts about Fidelity Advisor Real Estate Income Fund Class I (FRIRX) and Fidelity Series Real Estate Income Fund (FSREX).
FRIRX is managed by Fidelity. FSREX is managed by Fidelity. It was launched on Oct 20, 2011.
Performance
FRIRX vs. FSREX - Performance Comparison
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FRIRX vs. FSREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 0.00% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
FSREX Fidelity Series Real Estate Income Fund | -0.40% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with FRIRX having a 5.26% annualized return and FSREX not far ahead at 5.43%.
FRIRX
- 1D
- 0.33%
- 1M
- -3.11%
- YTD
- 0.00%
- 6M
- 0.98%
- 1Y
- 4.37%
- 3Y*
- 7.38%
- 5Y*
- 3.90%
- 10Y*
- 5.26%
FSREX
- 1D
- 0.30%
- 1M
- -1.67%
- YTD
- -0.40%
- 6M
- 0.75%
- 1Y
- 5.99%
- 3Y*
- 8.33%
- 5Y*
- 4.61%
- 10Y*
- 5.43%
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FRIRX vs. FSREX - Expense Ratio Comparison
FRIRX has a 0.71% expense ratio, which is higher than FSREX's 0.00% expense ratio.
Return for Risk
FRIRX vs. FSREX — Risk / Return Rank
FRIRX
FSREX
FRIRX vs. FSREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Real Estate Income Fund Class I (FRIRX) and Fidelity Series Real Estate Income Fund (FSREX). 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.
| FRIRX | FSREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.96 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.21 | 2.70 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.14 | -1.04 |
Martin ratioReturn relative to average drawdown | 4.66 | 10.21 | -5.55 |
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
| FRIRX | FSREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.96 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.97 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.94 | -0.15 |
Correlation
The correlation between FRIRX and FSREX 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
FRIRX vs. FSREX - Dividend Comparison
FRIRX's dividend yield for the trailing twelve months is around 4.62%, less than FSREX's 5.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.62% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
FSREX Fidelity Series Real Estate Income Fund | 5.69% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
Drawdowns
FRIRX vs. FSREX - Drawdown Comparison
The maximum FRIRX drawdown since its inception was -34.50%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for FRIRX and FSREX.
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Drawdown Indicators
| FRIRX | FSREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -32.02% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -2.90% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.18% | -15.22% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -32.02% | -2.48% |
Current DrawdownCurrent decline from peak | -3.11% | -1.76% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.57% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.61% | +0.40% |
Volatility
FRIRX vs. FSREX - Volatility Comparison
Fidelity Advisor Real Estate Income Fund Class I (FRIRX) has a higher volatility of 1.57% compared to Fidelity Series Real Estate Income Fund (FSREX) at 1.06%. This indicates that FRIRX's price experiences larger fluctuations and is considered to be riskier than FSREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIRX | FSREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.06% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.67% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 3.02% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 4.80% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.49% | 7.89% | +1.60% |