JAREX vs. FIRIX
JAREX (Easterly Global Real Estate Fund) and FIRIX (Fidelity Advisor International Real Estate Fund Class I) are both REIT funds. Over the past 10 years, JAREX returned 5.08%/yr vs 3.98%/yr for FIRIX. A 0.74 correlation means they provide meaningful diversification when combined. JAREX charges 1.36%/yr vs 0.92%/yr for FIRIX.
Performance
JAREX vs. FIRIX - Performance Comparison
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Returns By Period
In the year-to-date period, JAREX achieves a 9.81% return, which is significantly higher than FIRIX's -4.08% return. Over the past 10 years, JAREX has outperformed FIRIX with an annualized return of 5.08%, while FIRIX has yielded a comparatively lower 3.98% annualized return.
JAREX
- 1D
- 0.20%
- 1M
- -0.47%
- YTD
- 9.81%
- 6M
- 9.94%
- 1Y
- 4.21%
- 3Y*
- 8.68%
- 5Y*
- -0.74%
- 10Y*
- 5.08%
FIRIX
- 1D
- -0.10%
- 1M
- -1.85%
- YTD
- -4.08%
- 6M
- -3.81%
- 1Y
- 1.83%
- 3Y*
- 4.44%
- 5Y*
- -3.57%
- 10Y*
- 3.98%
JAREX vs. FIRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 9.81% | 5.33% | 0.44% | 6.88% | -24.45% | 21.95% | -2.02% | 33.87% | -7.40% | 16.80% |
FIRIX Fidelity Advisor International Real Estate Fund Class I | -4.08% | 22.73% | -9.43% | 4.07% | -26.55% | 11.87% | 5.82% | 28.09% | -6.12% | 26.95% |
Correlation
The correlation between JAREX and FIRIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2009 | 0.74 |
The correlation between JAREX and FIRIX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
JAREX vs. FIRIX — Risk / Return Rank
JAREX
FIRIX
JAREX vs. FIRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) and Fidelity Advisor International Real Estate Fund Class I (FIRIX). 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.
| JAREX | FIRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.17 | +0.29 |
| Martin ratioReturn relative to average drawdown | 1.24 | 0.42 | +0.82 |
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Drawdowns
JAREX vs. FIRIX - Drawdown Comparison
The maximum JAREX drawdown since its inception was -40.58%, smaller than the maximum FIRIX drawdown of -71.41%. Use the drawdown chart below to compare losses from any high point for JAREX and FIRIX.
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Drawdown Indicators
| JAREX | FIRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -71.41% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -14.08% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -18.13% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -37.07% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -37.07% | -3.51% |
Current DrawdownCurrent decline from peak | -7.04% | -20.77% | +13.73% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -19.98% | +11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 5.80% | -1.47% |
Volatility
JAREX vs. FIRIX - Volatility Comparison
Easterly Global Real Estate Fund (JAREX) has a higher volatility of 4.03% compared to Fidelity Advisor International Real Estate Fund Class I (FIRIX) at 3.45%. This indicates that JAREX's price experiences larger fluctuations and is considered to be riskier than FIRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAREX | FIRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.45% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 10.01% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 12.21% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 13.73% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 13.73% | +3.70% |
JAREX vs. FIRIX - Expense Ratio Comparison
JAREX has a 1.36% expense ratio, which is higher than FIRIX's 0.92% expense ratio.
Dividends
JAREX vs. FIRIX - Dividend Comparison
JAREX's dividend yield for the trailing twelve months is around 2.97%, less than FIRIX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRIX Fidelity Advisor International Real Estate Fund Class I | 3.12% | 2.99% | 5.16% | 1.90% | 4.41% | 5.49% | 1.84% | 5.15% | 2.10% | 3.41% | 4.27% | 3.09% |
JAREX Easterly Global Real Estate Fund | 2.97% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
Frequently Asked Questions
JAREX and FIRIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAREX has higher volatility (4.03%) compared to FIRIX (3.45%). In terms of maximum drawdown, JAREX dropped -40.58% vs FIRIX's -71.41%.
JAREX currently has the higher Sharpe Ratio (0.44 vs 0.20), 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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