JIREX vs. FRIQX

Last updated Jun 25, 2026

JIREX (JHancock Real Estate Securities Fund) and FRIQX (Fidelity Advisor Real Estate Income Fund Class M) are both REIT funds. Over the past 10 years, JIREX returned 5.72%/yr vs 5.09%/yr for FRIQX. Their correlation of 0.88 suggests significant overlap in exposure. JIREX charges 0.85%/yr vs 0.99%/yr for FRIQX.

Performance

JIREX vs. FRIQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JHancock Real Estate Securities Fund (JIREX) and Fidelity Advisor Real Estate Income Fund Class M (FRIQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIREX achieves a 14.86% return, which is significantly higher than FRIQX's 4.09% return. Over the past 10 years, JIREX has outperformed FRIQX with an annualized return of 5.72%, while FRIQX has yielded a comparatively lower 5.09% annualized return.

JIREX

• 1D: 1.23%
• 1M: 1.97%
• YTD: 14.86%
• 6M: 13.93%
• 1Y: 13.83%
• 3Y*: 12.15%
• 5Y*: 3.75%
• 10Y*: 5.72%

FRIQX

• 1D: 0.32%
• 1M: 0.40%
• YTD: 4.09%
• 6M: 4.18%
• 1Y: 7.22%
• 3Y*: 8.58%
• 5Y*: 3.23%
• 10Y*: 5.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JIREX vs. FRIQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIREX JHancock Real Estate Securities Fund	14.86%	-1.14%	10.74%	12.94%	-28.64%	46.44%	-5.53%	29.33%	-3.46%	4.72%
FRIQX Fidelity Advisor Real Estate Income Fund Class M	4.09%	6.87%	7.59%	9.08%	-14.87%	18.61%	-1.37%	17.58%	-2.02%	5.99%

Correlation

The correlation between JIREX and FRIQX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010	0.88

The correlation between JIREX and FRIQX shifts across timeframes, from 0.71 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JIREX vs. FRIQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JIREX

JIREX Risk / Return Rank: 30
JIREX Sharpe Ratio Rank: 23
JIREX Sortino Ratio Rank: 23
JIREX Omega Ratio Rank: 21
JIREX Calmar Ratio Rank: 46
JIREX Martin Ratio Rank: 39

FRIQX

FRIQX Risk / Return Rank: 49
FRIQX Sharpe Ratio Rank: 51
FRIQX Sortino Ratio Rank: 50
FRIQX Omega Ratio Rank: 52
FRIQX Calmar Ratio Rank: 42
FRIQX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JIREX vs. FRIQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Real Estate Securities Fund (JIREX) and Fidelity Advisor Real Estate Income Fund Class M (FRIQX). 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.

	JIREX	FRIQX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.79	-0.58
Sortino ratio: Return per unit of downside risk	1.76	2.52	-0.77
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio: Return relative to maximum drawdown	2.37	2.18	+0.19
Martin ratio: Return relative to average drawdown	7.64	9.47	-1.83

JIREX vs. FRIQX - Sharpe Ratio Comparison

The current JIREX Sharpe Ratio is 1.21, which is lower than the FRIQX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of JIREX and FRIQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JIREX vs. FRIQX - Drawdown Comparison

The maximum JIREX drawdown since its inception was -73.35%, which is greater than FRIQX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for JIREX and FRIQX.

Drawdown Indicators

	JIREX	FRIQX	Difference
Max Drawdown Largest peak-to-trough decline	-73.35%	-34.50%	-38.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.36%	-3.44%	-3.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.46%	-7.28%	-13.18%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-18.37%	-16.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.23%	-34.50%	-6.73%
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-14.79%	-3.38%	-11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	0.79%	+1.34%

Volatility

JIREX vs. FRIQX - Volatility Comparison

JHancock Real Estate Securities Fund (JIREX) has a higher volatility of 5.33% compared to Fidelity Advisor Real Estate Income Fund Class M (FRIQX) at 1.29%. This indicates that JIREX's price experiences larger fluctuations and is considered to be riskier than FRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIREX	FRIQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	1.29%	+4.04%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	3.31%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	4.21%	+10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	6.50%	+12.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	9.51%	+11.57%

JIREX vs. FRIQX - Expense Ratio Comparison

JIREX has a 0.85% expense ratio, which is lower than FRIQX's 0.99% expense ratio.

Dividends

JIREX vs. FRIQX - Dividend Comparison

JIREX has not paid dividends to shareholders, while FRIQX's dividend yield for the trailing twelve months is around 4.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRIQX Fidelity Advisor Real Estate Income Fund Class M	4.26%	4.40%	4.40%	4.76%	5.78%	1.30%	4.51%	5.43%	4.88%	4.20%	4.74%	3.50%
JIREX JHancock Real Estate Securities Fund	0.00%	0.00%	1.99%	2.37%	13.80%	11.82%	1.92%	8.80%	4.66%	5.89%	8.70%	12.72%

Frequently Asked Questions

Can I hold both JIREX and FRIQX in my portfolio?

JIREX and FRIQX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIREX or FRIQX?

JIREX has higher volatility (5.33%) compared to FRIQX (1.29%). In terms of maximum drawdown, JIREX dropped -73.35% vs FRIQX's -34.50%.

Which has better risk-adjusted returns?

FRIQX currently has the higher Sharpe Ratio (1.79 vs 1.21), 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.