NGREX vs. FRIRX
Compare and contrast key facts about Northern Global Real Estate Index Fund (NGREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
NGREX is managed by Northern Funds. It was launched on Jul 25, 2006. FRIRX is managed by Fidelity.
Performance
NGREX vs. FRIRX - Performance Comparison
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NGREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGREX Northern Global Real Estate Index Fund | 1.28% | 10.42% | 2.63% | 9.98% | -24.31% | 22.71% | -8.35% | 23.17% | -6.70% | 14.36% |
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, NGREX achieves a 1.28% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, NGREX has underperformed FRIRX with an annualized return of 3.50%, while FRIRX has yielded a comparatively higher 5.31% annualized return.
NGREX
- 1D
- 1.69%
- 1M
- -8.32%
- YTD
- 1.28%
- 6M
- 0.85%
- 1Y
- 10.05%
- 3Y*
- 7.81%
- 5Y*
- 1.88%
- 10Y*
- 3.50%
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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NGREX vs. FRIRX - Expense Ratio Comparison
NGREX has a 0.47% expense ratio, which is lower than FRIRX's 0.71% expense ratio.
Return for Risk
NGREX vs. FRIRX — Risk / Return Rank
NGREX
FRIRX
NGREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Global Real Estate Index Fund (NGREX) 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.
| NGREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.98 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.30 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.14 | -0.14 |
Martin ratioReturn relative to average drawdown | 3.76 | 4.76 | -1.00 |
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
| NGREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.98 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.59 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.56 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.79 | -0.64 |
Correlation
The correlation between NGREX and FRIRX is 0.83, 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
NGREX vs. FRIRX - Dividend Comparison
NGREX's dividend yield for the trailing twelve months is around 3.72%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGREX Northern Global Real Estate Index Fund | 3.72% | 3.92% | 3.71% | 2.40% | 1.85% | 3.11% | 2.09% | 4.49% | 3.91% | 2.59% | 4.36% | 2.49% |
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
NGREX vs. FRIRX - Drawdown Comparison
The maximum NGREX drawdown since its inception was -72.37%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for NGREX and FRIRX.
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Drawdown Indicators
| NGREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -34.50% | -37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -4.30% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -18.18% | -13.96% |
Max Drawdown (10Y)Largest decline over 10 years | -41.06% | -34.50% | -6.56% |
Current DrawdownCurrent decline from peak | -8.73% | -2.71% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -16.01% | -3.30% | -12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.03% | +1.74% |
Volatility
NGREX vs. FRIRX - Volatility Comparison
Northern Global Real Estate Index Fund (NGREX) has a higher volatility of 4.58% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that NGREX'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
| NGREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 1.66% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 2.84% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 4.91% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 6.53% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 9.49% | +7.58% |