FRIRX vs. FSRNX
Compare and contrast key facts about Fidelity Advisor Real Estate Income Fund Class I (FRIRX) and Fidelity Real Estate Index Fund (FSRNX).
FRIRX is managed by Fidelity. 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
FRIRX vs. FSRNX - Performance Comparison
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FRIRX vs. FSRNX - 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% |
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
Over the past 10 years, FRIRX has outperformed FSRNX with an annualized return of 5.26%, while FSRNX has yielded a comparatively lower 3.12% annualized return.
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%
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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FRIRX vs. FSRNX - Expense Ratio Comparison
FRIRX has a 0.71% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Return for Risk
FRIRX vs. FSRNX — Risk / Return Rank
FRIRX
FSRNX
FRIRX vs. FSRNX - 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 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.
| FRIRX | FSRNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.05 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.19 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.06 | +1.04 |
Martin ratioReturn relative to average drawdown | 4.66 | 0.24 | +4.42 |
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 | FSRNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.05 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.15 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.15 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.32 | +0.47 |
Correlation
The correlation between FRIRX 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
FRIRX vs. FSRNX - Dividend Comparison
FRIRX's dividend yield for the trailing twelve months is around 4.62%, more than FSRNX's 2.79% 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% |
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
FRIRX vs. FSRNX - Drawdown Comparison
The maximum FRIRX drawdown since its inception was -34.50%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for FRIRX and FSRNX.
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Drawdown Indicators
| FRIRX | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -44.26% | +9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -12.45% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.18% | -34.27% | +16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -44.26% | +9.76% |
Current DrawdownCurrent decline from peak | -3.11% | -11.07% | +7.96% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -9.77% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 3.18% | -2.17% |
Volatility
FRIRX vs. FSRNX - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class I (FRIRX) is 1.57%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 4.21%. This indicates that FRIRX 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
| FRIRX | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 4.21% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 9.20% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 16.38% | -11.47% |
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% |