JAREX vs. FRIRX
Compare and contrast key facts about Easterly Global Real Estate Fund (JAREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
JAREX is managed by James Alpha Advisors. It was launched on Oct 25, 2009. FRIRX is managed by Fidelity.
Performance
JAREX vs. FRIRX - Performance Comparison
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JAREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 0.44% | 5.33% | 0.44% | 6.88% | -24.45% | 21.95% | -2.02% | 33.87% | -7.40% | 16.80% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 0.41% | 7.10% | 7.89% | 9.36% | -14.59% | 18.98% | -1.08% | 17.89% | -1.81% | 6.23% |
Returns By Period
In the year-to-date period, JAREX achieves a 0.44% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, JAREX has underperformed FRIRX with an annualized return of 4.28%, while FRIRX has yielded a comparatively higher 5.31% annualized return.
JAREX
- 1D
- 1.72%
- 1M
- -9.25%
- YTD
- 0.44%
- 6M
- -1.74%
- 1Y
- 3.42%
- 3Y*
- 4.43%
- 5Y*
- -0.99%
- 10Y*
- 4.28%
FRIRX
- 1D
- 0.41%
- 1M
- -2.56%
- YTD
- 0.41%
- 6M
- 1.15%
- 1Y
- 4.63%
- 3Y*
- 7.52%
- 5Y*
- 3.80%
- 10Y*
- 5.31%
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JAREX vs. FRIRX - Expense Ratio Comparison
JAREX has a 1.36% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
JAREX vs. FRIRX — Risk / Return Rank
JAREX
FRIRX
JAREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX). 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.
| JAREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.98 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.46 | 1.30 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.14 | -0.84 |
Martin ratioReturn relative to average drawdown | 0.86 | 4.76 | -3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JAREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.98 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.59 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.56 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.79 | -0.44 |
Correlation
The correlation between JAREX and FRIRX is 0.81, 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
JAREX vs. FRIRX - Dividend Comparison
JAREX's dividend yield for the trailing twelve months is around 2.75%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 2.75% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
FRIRX Fidelity Advisor Real Estate Income Fund Class I | 4.60% | 4.62% | 4.68% | 5.01% | 6.08% | 1.48% | 4.80% | 5.70% | 5.10% | 4.43% | 5.05% | 3.69% |
Drawdowns
JAREX vs. FRIRX - Drawdown Comparison
The maximum JAREX drawdown since its inception was -40.58%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for JAREX and FRIRX.
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Drawdown Indicators
| JAREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -34.50% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -4.30% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -18.18% | -16.87% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -34.50% | -6.08% |
Current DrawdownCurrent decline from peak | -14.97% | -2.71% | -12.26% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -3.30% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 1.03% | +3.20% |
Volatility
JAREX vs. FRIRX - Volatility Comparison
Easterly Global Real Estate Fund (JAREX) has a higher volatility of 5.10% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that JAREX's price experiences larger fluctuations and is considered to be riskier than FRIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.66% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 2.84% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 4.91% | +9.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 6.53% | +9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 9.49% | +7.87% |