FRIRX vs. REIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Real Estate Income Fund Class I (FRIRX) and West Loop Realty Fund (REIIX).

FRIRX is managed by Fidelity. REIIX is managed by Liberty Street. It was launched on Dec 31, 2013.

Performance

FRIRX vs. REIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Real Estate Income Fund Class I (FRIRX) and West Loop Realty Fund (REIIX). The values are adjusted to include any dividend payments, if applicable.

FRIRX vs. REIIX - 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%
REIIX West Loop Realty Fund	0.00%	2.21%	-5.60%	13.33%	-26.09%	39.77%	-2.90%	30.07%	-8.91%	6.80%

Returns By Period

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%

REIIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRIRX vs. REIIX - Expense Ratio Comparison

FRIRX has a 0.71% expense ratio, which is lower than REIIX's 1.43% expense ratio.

REIIX

West Loop Realty Fund

FRIRX

Fidelity Advisor Real Estate Income Fund Class I

Return for Risk

FRIRX vs. REIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRIRX

FRIRX Risk / Return Rank: 43
FRIRX Sharpe Ratio Rank: 46
FRIRX Sortino Ratio Rank: 37
FRIRX Omega Ratio Rank: 40
FRIRX Calmar Ratio Rank: 44
FRIRX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRIRX vs. REIIX - 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 West Loop Realty Fund (REIIX). 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	REIIX	Difference
Sharpe ratio Return per unit of total volatility	0.91	—	—
Sortino ratio Return per unit of downside risk	1.21	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.10	—	—
Martin ratio Return relative to average drawdown	4.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FRIRX	REIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	—	—

Correlation

The correlation between FRIRX and REIIX is 0.85, 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. REIIX - Dividend Comparison

FRIRX's dividend yield for the trailing twelve months is around 4.62%, less than REIIX's 46.45% 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%
REIIX West Loop Realty Fund	46.45%	46.45%	1.45%	2.33%	12.09%	7.95%	3.11%	6.04%	3.29%	2.34%	4.64%	3.71%

Drawdowns

Drawdown Indicators

	FRIRX	REIIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	—	—
Current Drawdown Current decline from peak	-3.11%	—	—
Average Drawdown Average peak-to-trough decline	-3.30%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	—	—

Volatility

Volatility by Period

	FRIRX	REIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.91%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.49%	—	—