FRIRX vs. VNQ
FRIRX (Fidelity Advisor Real Estate Income Fund Class I) and VNQ (Vanguard Real Estate ETF) are both REIT funds. Over the past 10 years, FRIRX returned 5.31%/yr vs 5.31%/yr for VNQ. Their correlation of 0.91 suggests significant overlap in exposure. FRIRX charges 0.71%/yr vs 0.13%/yr for VNQ.
Performance
FRIRX vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, FRIRX achieves a 3.81% return, which is significantly lower than VNQ's 10.32% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FRIRX at 5.31% and VNQ at 5.31%.
FRIRX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 3.81%
- 6M
- 4.15%
- 1Y
- 7.72%
- 3Y*
- 8.31%
- 5Y*
- 3.54%
- 10Y*
- 5.31%
VNQ
- 1D
- 1.08%
- 1M
- -0.19%
- YTD
- 10.32%
- 6M
- 10.63%
- 1Y
- 11.80%
- 3Y*
- 10.81%
- 5Y*
- 2.52%
- 10Y*
- 5.31%
FRIRX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 3.81% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
VNQ Vanguard Real Estate ETF | 10.32% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between FRIRX and VNQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.91 |
The correlation between FRIRX and VNQ has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
FRIRX vs. VNQ — Risk / Return Rank
FRIRX
VNQ
FRIRX vs. VNQ - 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 Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.42 | +0.86 |
| Martin ratioReturn relative to average drawdown | 9.92 | 4.45 | +5.47 |
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Drawdowns
FRIRX vs. VNQ - Drawdown Comparison
The maximum FRIRX drawdown since its inception was -34.50%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FRIRX and VNQ.
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Drawdown Indicators
| FRIRX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -73.07% | +38.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -8.34% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -17.46% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.18% | -34.48% | +16.30% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -42.40% | +7.90% |
Current DrawdownCurrent decline from peak | -0.72% | -1.95% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -13.60% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.66% | -1.87% |
Volatility
FRIRX vs. VNQ - Volatility Comparison
The current volatility for Fidelity Advisor Real Estate Income Fund Class I (FRIRX) is 1.40%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.03%. This indicates that FRIRX experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIRX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 5.03% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 10.15% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 13.81% | -9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 18.85% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 20.75% | -11.25% |
FRIRX vs. VNQ - Expense Ratio Comparison
FRIRX has a 0.71% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Dividends
FRIRX vs. VNQ - Dividend Comparison
FRIRX's dividend yield for the trailing twelve months is around 4.48%, more than VNQ's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.48% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
VNQ Vanguard Real Estate ETF | 3.61% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
FRIRX and VNQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (5.03%) compared to FRIRX (1.40%). In terms of maximum drawdown, FRIRX dropped -34.50% vs VNQ's -73.07%.
FRIRX currently has the higher Sharpe Ratio (1.88 vs 0.86), 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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