FRIRX vs. USA
FRIRX (Fidelity Advisor Real Estate Income Fund Class I) is REIT fund managed by Fidelity, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, FRIRX returned 4.79%/yr vs 12.11%/yr for USA. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
FRIRX vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, FRIRX achieves a 3.23% return, which is significantly higher than USA's 0.57% return. Over the past 10 years, FRIRX has underperformed USA with an annualized return of 4.79%, while USA has yielded a comparatively higher 12.11% annualized return.
FRIRX
- 1D
- -0.32%
- 1M
- -1.43%
- 6M
- 2.39%
- YTD
- 3.23%
- 1Y
- 6.22%
- 3Y*
- 7.42%
- 5Y*
- 2.91%
- 10Y*
- 4.79%
- ALL TIME*
- 6.54%
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $8.20M | $9.40M | $8.31M |
FRIRX vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 3.23% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
USA Liberty All-Star Equity Fund | 0.57% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between FRIRX and USA is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.52 |
Over the past year, the correlation between FRIRX and USA has dropped to 0.30 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
FRIRX vs. USA — Risk / Return Rank
FRIRX
USA
FRIRX vs. USA - 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 Liberty All-Star Equity Fund (USA). 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.
| FRIRX | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.01 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.03 | +1.88 |
| Martin ratioReturn relative to average drawdown | 7.35 | -0.08 | +7.44 |
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Drawdowns
FRIRX vs. USA - Drawdown Comparison
The maximum FRIRX drawdown since its inception was -34.50%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for FRIRX and USA.
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Drawdown Indicators
| FRIRX | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -69.15% | +34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -13.65% | +10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -17.69% | +11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.18% | -34.05% | +15.87% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -47.07% | +12.57% |
Current DrawdownCurrent decline from peak | -1.51% | -4.83% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -11.50% | +8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 5.16% | -4.30% |
Volatility
FRIRX vs. USA - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class I (FRIRX) is 1.70%, while Liberty All-Star Equity Fund (USA) has a volatility of 3.74%. This indicates that FRIRX experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIRX | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.74% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 10.80% | -7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 14.11% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 20.11% | -13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 22.56% | -13.05% |
Dividends
FRIRX vs. USA - Dividend Comparison
FRIRX's dividend yield for the trailing twelve months is around 3.37%, less than USA's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 3.37% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
USA Liberty All-Star Equity Fund | 11.53% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
FRIRX and USA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.74%) compared to FRIRX (1.70%). In terms of maximum drawdown, FRIRX dropped -34.50% vs USA's -69.15%.
FRIRX currently has the higher Sharpe Ratio (1.44 vs -0.03), 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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