REIFX vs. FIRIX
REIFX (Third Avenue International Real Estate Value Fund) and FIRIX (Fidelity Advisor International Real Estate Fund Class I) are both REIT funds. Over the past 10 years, REIFX returned 7.29%/yr vs 4.01%/yr for FIRIX. Their correlation of 0.81 suggests significant overlap in exposure. REIFX charges 1.00%/yr vs 0.92%/yr for FIRIX.
Performance
REIFX vs. FIRIX - Performance Comparison
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Returns By Period
In the year-to-date period, REIFX achieves a -2.73% return, which is significantly higher than FIRIX's -3.80% return. Over the past 10 years, REIFX has outperformed FIRIX with an annualized return of 7.29%, while FIRIX has yielded a comparatively lower 4.01% annualized return.
REIFX
- 1D
- 0.74%
- 1M
- -1.24%
- YTD
- -2.73%
- 6M
- -3.00%
- 1Y
- 1.80%
- 3Y*
- 8.08%
- 5Y*
- 2.81%
- 10Y*
- 7.29%
FIRIX
- 1D
- 1.20%
- 1M
- -2.03%
- YTD
- -3.80%
- 6M
- -3.62%
- 1Y
- 2.03%
- 3Y*
- 4.54%
- 5Y*
- -3.56%
- 10Y*
- 4.01%
REIFX vs. FIRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REIFX Third Avenue International Real Estate Value Fund | -2.73% | 25.35% | -5.51% | 13.91% | -18.22% | 18.78% | 5.04% | 21.50% | -5.89% | 27.14% |
FIRIX Fidelity Advisor International Real Estate Fund Class I | -3.80% | 22.73% | -9.43% | 4.07% | -26.55% | 11.87% | 5.82% | 28.09% | -6.12% | 26.95% |
Correlation
The correlation between REIFX and FIRIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.81 |
The correlation between REIFX and FIRIX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
REIFX vs. FIRIX — Risk / Return Rank
REIFX
FIRIX
REIFX vs. FIRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue International Real Estate Value Fund (REIFX) 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.
| REIFX | FIRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.12 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.20 | 0.29 | -0.09 |
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Drawdowns
REIFX vs. FIRIX - Drawdown Comparison
The maximum REIFX drawdown since its inception was -37.61%, smaller than the maximum FIRIX drawdown of -71.41%. Use the drawdown chart below to compare losses from any high point for REIFX and FIRIX.
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Drawdown Indicators
| REIFX | FIRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.61% | -71.41% | +33.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -14.08% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -18.13% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -37.07% | +10.87% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -37.07% | -0.54% |
Current DrawdownCurrent decline from peak | -12.12% | -20.54% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -19.98% | +13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 5.91% | +0.09% |
Volatility
REIFX vs. FIRIX - Volatility Comparison
Third Avenue International Real Estate Value Fund (REIFX) and Fidelity Advisor International Real Estate Fund Class I (FIRIX) have volatilities of 3.67% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIFX | FIRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.63% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 10.09% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 12.27% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 13.74% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 13.59% | +0.63% |
REIFX vs. FIRIX - Expense Ratio Comparison
REIFX has a 1.00% expense ratio, which is higher than FIRIX's 0.92% expense ratio.
Dividends
REIFX vs. FIRIX - Dividend Comparison
REIFX's dividend yield for the trailing twelve months is around 2.34%, less than FIRIX's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRIX Fidelity Advisor International Real Estate Fund Class I | 3.11% | 2.99% | 5.16% | 1.90% | 4.41% | 5.49% | 1.84% | 5.15% | 2.10% | 3.41% | 4.27% | 3.09% |
REIFX Third Avenue International Real Estate Value Fund | 2.34% | 2.28% | 2.37% | 2.63% | 1.98% | 2.22% | 3.74% | 1.40% | 11.92% | 2.80% | 0.90% | 3.00% |
Frequently Asked Questions
REIFX and FIRIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REIFX has higher volatility (3.67%) compared to FIRIX (3.63%). In terms of maximum drawdown, REIFX dropped -37.61% vs FIRIX's -71.41%.
FIRIX currently has the higher Sharpe Ratio (0.14 vs 0.09), 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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