SAREX vs. FRIRX
Compare and contrast key facts about SA Real Estate Securities Fund (SAREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
SAREX is managed by SA Funds. It was launched on Apr 2, 2007. FRIRX is managed by Fidelity.
Performance
SAREX vs. FRIRX - Performance Comparison
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SAREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 3.19% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
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, SAREX achieves a 3.19% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, SAREX has underperformed FRIRX with an annualized return of 4.37%, while FRIRX has yielded a comparatively higher 5.31% annualized return.
SAREX
- 1D
- 1.43%
- 1M
- -6.76%
- YTD
- 3.19%
- 6M
- 0.46%
- 1Y
- 1.59%
- 3Y*
- 5.76%
- 5Y*
- 2.79%
- 10Y*
- 4.37%
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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SAREX vs. FRIRX - Expense Ratio Comparison
SAREX has a 0.75% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
SAREX vs. FRIRX — Risk / Return Rank
SAREX
FRIRX
SAREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Real Estate Securities Fund (SAREX) 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.
| SAREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 0.98 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.30 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.14 | -1.04 |
Martin ratioReturn relative to average drawdown | 0.33 | 4.76 | -4.43 |
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
| SAREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.98 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.59 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.56 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.79 | -0.60 |
Correlation
The correlation between SAREX and FRIRX is 0.88, 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
SAREX vs. FRIRX - Dividend Comparison
SAREX's dividend yield for the trailing twelve months is around 3.12%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 3.12% | 3.22% | 3.22% | 3.04% | 7.62% | 8.33% | 3.87% | 4.29% | 3.98% | 2.90% | 3.67% | 1.80% |
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
SAREX vs. FRIRX - Drawdown Comparison
The maximum SAREX drawdown since its inception was -68.50%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for SAREX and FRIRX.
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Drawdown Indicators
| SAREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -34.50% | -34.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -4.30% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -18.18% | -15.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -34.50% | -7.06% |
Current DrawdownCurrent decline from peak | -12.39% | -2.71% | -9.68% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -3.30% | -9.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 1.03% | +3.31% |
Volatility
SAREX vs. FRIRX - Volatility Comparison
SA Real Estate Securities Fund (SAREX) has a higher volatility of 21.42% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that SAREX'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
| SAREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.42% | 1.66% | +19.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 2.84% | +19.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 4.91% | +23.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 6.53% | +14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 9.49% | +12.30% |