REIFX vs. FRIFX
Compare and contrast key facts about Third Avenue International Real Estate Value Fund (REIFX) and Fidelity Real Estate Income Fund (FRIFX).
REIFX is managed by Third Avenue. It was launched on May 7, 2014. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Performance
REIFX vs. FRIFX - Performance Comparison
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REIFX vs. FRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REIFX Third Avenue International Real Estate Value Fund | -3.59% | 25.35% | -5.51% | 13.91% | -18.22% | 18.78% | 5.04% | 21.50% | -5.89% | 27.14% |
FRIFX Fidelity Real Estate Income Fund | 0.41% | 7.16% | 7.93% | 9.32% | -14.54% | 18.90% | -1.09% | 17.92% | -1.80% | 6.20% |
Returns By Period
In the year-to-date period, REIFX achieves a -3.59% return, which is significantly lower than FRIFX's 0.41% return. Over the past 10 years, REIFX has outperformed FRIFX with an annualized return of 6.78%, while FRIFX has yielded a comparatively lower 5.31% annualized return.
REIFX
- 1D
- 1.36%
- 1M
- -10.70%
- YTD
- -3.59%
- 6M
- -4.56%
- 1Y
- 14.23%
- 3Y*
- 8.07%
- 5Y*
- 4.15%
- 10Y*
- 6.78%
FRIFX
- 1D
- 0.41%
- 1M
- -2.62%
- YTD
- 0.41%
- 6M
- 1.17%
- 1Y
- 4.70%
- 3Y*
- 7.54%
- 5Y*
- 3.80%
- 10Y*
- 5.31%
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REIFX vs. FRIFX - Expense Ratio Comparison
REIFX has a 1.00% expense ratio, which is higher than FRIFX's 0.71% expense ratio.
Return for Risk
REIFX vs. FRIFX — Risk / Return Rank
REIFX
FRIFX
REIFX vs. FRIFX - 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 Real Estate Income Fund (FRIFX). 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.
| REIFX | FRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.97 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.30 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.14 | -0.16 |
Martin ratioReturn relative to average drawdown | 4.05 | 4.83 | -0.78 |
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
| REIFX | FRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.97 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.59 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.56 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.72 | -0.29 |
Correlation
The correlation between REIFX and FRIFX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
REIFX vs. FRIFX - Dividend Comparison
REIFX's dividend yield for the trailing twelve months is around 2.37%, less than FRIFX's 4.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REIFX Third Avenue International Real Estate Value Fund | 2.37% | 2.28% | 2.37% | 2.63% | 1.98% | 2.22% | 3.74% | 1.40% | 11.92% | 2.80% | 0.90% | 3.00% |
FRIFX Fidelity Real Estate Income Fund | 4.67% | 4.69% | 4.65% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 5.08% | 4.40% | 4.98% | 3.65% |
Drawdowns
REIFX vs. FRIFX - Drawdown Comparison
The maximum REIFX drawdown since its inception was -37.61%, roughly equal to the maximum FRIFX drawdown of -38.27%. Use the drawdown chart below to compare losses from any high point for REIFX and FRIFX.
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Drawdown Indicators
| REIFX | FRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.61% | -38.27% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -4.34% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -18.12% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.61% | -34.50% | -3.11% |
Current DrawdownCurrent decline from peak | -12.90% | -2.70% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -4.29% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 1.03% | +2.39% |
Volatility
REIFX vs. FRIFX - Volatility Comparison
Third Avenue International Real Estate Value Fund (REIFX) has a higher volatility of 5.71% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.69%. This indicates that REIFX's price experiences larger fluctuations and is considered to be riskier than FRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIFX | FRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 1.69% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 2.93% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 4.96% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 6.50% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 9.47% | +4.75% |