GRIFX vs. FRIOX
GRIFX (Apollo Diversified Real Estate Fund Class I) and FRIOX (Fidelity Advisor Real Estate Income Fund Class C) are both REIT funds. Over the past 10 years, GRIFX returned 4.35%/yr vs 4.30%/yr for FRIOX. Their correlation of 0.82 suggests significant overlap in exposure. GRIFX charges 2.23%/yr vs 1.72%/yr for FRIOX.
Performance
GRIFX vs. FRIOX - Performance Comparison
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Returns By Period
In the year-to-date period, GRIFX achieves a 3.66% return, which is significantly higher than FRIOX's 3.39% return. Both investments have delivered pretty close results over the past 10 years, with GRIFX having a 4.35% annualized return and FRIOX not far behind at 4.30%.
GRIFX
- 1D
- 0.04%
- 1M
- -0.15%
- YTD
- 3.66%
- 6M
- 3.66%
- 1Y
- 4.47%
- 3Y*
- 2.44%
- 5Y*
- 3.58%
- 10Y*
- 4.35%
FRIOX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 3.39%
- 6M
- 3.65%
- 1Y
- 6.70%
- 3Y*
- 7.27%
- 5Y*
- 2.51%
- 10Y*
- 4.30%
GRIFX vs. FRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRIFX Apollo Diversified Real Estate Fund Class I | 3.66% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 3.39% | 6.06% | 6.79% | 8.31% | -15.51% | 17.80% | -2.13% | 16.74% | -2.56% | 5.39% |
Correlation
The correlation between GRIFX and FRIOX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.82 |
The correlation between GRIFX and FRIOX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
GRIFX vs. FRIOX — Risk / Return Rank
GRIFX
FRIOX
GRIFX vs. FRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Diversified Real Estate Fund Class I (GRIFX) and Fidelity Advisor Real Estate Income Fund Class C (FRIOX). 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.
| GRIFX | FRIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.94 | +0.66 |
| Martin ratioReturn relative to average drawdown | 6.42 | 8.32 | -1.89 |
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Drawdowns
GRIFX vs. FRIOX - Drawdown Comparison
The maximum GRIFX drawdown since its inception was -14.29%, smaller than the maximum FRIOX drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for GRIFX and FRIOX.
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Drawdown Indicators
| GRIFX | FRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -34.54% | +20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -3.51% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -7.50% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -18.83% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -34.54% | +20.25% |
Current DrawdownCurrent decline from peak | -2.20% | -0.65% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -3.62% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.82% | -0.13% |
Volatility
GRIFX vs. FRIOX - Volatility Comparison
The current volatility for Apollo Diversified Real Estate Fund Class I (GRIFX) is 1.21%, while Fidelity Advisor Real Estate Income Fund Class C (FRIOX) has a volatility of 1.32%. This indicates that GRIFX experiences smaller price fluctuations and is considered to be less risky than FRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRIFX | FRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.32% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 3.26% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.16% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 6.50% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 9.49% | -4.84% |
GRIFX vs. FRIOX - Expense Ratio Comparison
GRIFX has a 2.23% expense ratio, which is higher than FRIOX's 1.72% expense ratio.
Dividends
GRIFX vs. FRIOX - Dividend Comparison
GRIFX's dividend yield for the trailing twelve months is around 7.82%, more than FRIOX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 3.58% | 3.68% | 3.68% | 4.09% | 5.00% | 1.02% | 3.92% | 4.76% | 4.46% | 3.69% | 4.05% | 3.11% |
GRIFX Apollo Diversified Real Estate Fund Class I | 7.82% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Frequently Asked Questions
GRIFX and FRIOX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRIOX has higher volatility (1.32%) compared to GRIFX (1.21%). In terms of maximum drawdown, GRIFX dropped -14.29% vs FRIOX's -34.54%.
FRIOX currently has the higher Sharpe Ratio (1.64 vs 1.19), 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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