MXREX vs. FRIRX
Compare and contrast key facts about Great-West Real Estate Index Fund (MXREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
MXREX is managed by Great-West. It was launched on Nov 27, 2012. FRIRX is managed by Fidelity.
Performance
MXREX vs. FRIRX - Performance Comparison
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MXREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 4.34% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.92% | 2.25% |
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, MXREX achieves a 4.34% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, MXREX has underperformed FRIRX with an annualized return of 3.08%, while FRIRX has yielded a comparatively higher 5.31% annualized return.
MXREX
- 1D
- 1.43%
- 1M
- -6.11%
- YTD
- 4.34%
- 6M
- 3.29%
- 1Y
- 6.67%
- 3Y*
- 8.48%
- 5Y*
- 4.86%
- 10Y*
- 3.08%
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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MXREX vs. FRIRX - Expense Ratio Comparison
MXREX has a 0.70% expense ratio, which is lower than FRIRX's 0.71% expense ratio.
Return for Risk
MXREX vs. FRIRX — Risk / Return Rank
MXREX
FRIRX
MXREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Real Estate Index Fund (MXREX) 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.
| MXREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.98 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.30 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.14 | -0.69 |
Martin ratioReturn relative to average drawdown | 1.96 | 4.76 | -2.80 |
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
| MXREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.98 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.59 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.56 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.79 | -0.60 |
Correlation
The correlation between MXREX and FRIRX is 0.86, 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
MXREX vs. FRIRX - Dividend Comparison
MXREX's dividend yield for the trailing twelve months is around 1.98%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 1.98% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% | 0.00% | 0.00% |
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
MXREX vs. FRIRX - Drawdown Comparison
The maximum MXREX drawdown since its inception was -43.89%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for MXREX and FRIRX.
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Drawdown Indicators
| MXREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.89% | -34.50% | -9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -4.30% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -18.18% | -14.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.89% | -34.50% | -9.39% |
Current DrawdownCurrent decline from peak | -6.11% | -2.71% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -3.30% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.03% | +2.02% |
Volatility
MXREX vs. FRIRX - Volatility Comparison
Great-West Real Estate Index Fund (MXREX) has a higher volatility of 4.48% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that MXREX'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
| MXREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 1.66% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 2.84% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 4.91% | +12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 6.53% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 9.49% | +12.45% |