SETAX vs. FRIRX
Compare and contrast key facts about SEI Institutional Managed Trust Real Estate Fund (SETAX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
SETAX is managed by BlackRock. It was launched on Nov 13, 2003. FRIRX is managed by Fidelity.
Performance
SETAX vs. FRIRX - Performance Comparison
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SETAX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SETAX SEI Institutional Managed Trust Real Estate Fund | 3.08% | 1.90% | 10.63% | 15.75% | -25.85% | 44.05% | -3.51% | 25.14% | -5.87% | 5.17% |
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, SETAX achieves a 3.08% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, SETAX has outperformed FRIRX with an annualized return of 5.71%, while FRIRX has yielded a comparatively lower 5.31% annualized return.
SETAX
- 1D
- 1.42%
- 1M
- -6.11%
- YTD
- 3.08%
- 6M
- 1.15%
- 1Y
- 3.12%
- 3Y*
- 9.48%
- 5Y*
- 5.29%
- 10Y*
- 5.71%
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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SETAX vs. FRIRX - Expense Ratio Comparison
SETAX has a 1.14% expense ratio, which is higher than FRIRX's 0.71% expense ratio.
Return for Risk
SETAX vs. FRIRX — Risk / Return Rank
SETAX
FRIRX
SETAX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Real Estate Fund (SETAX) 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.
| SETAX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 0.98 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.38 | 1.30 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.14 | -0.79 |
Martin ratioReturn relative to average drawdown | 1.37 | 4.76 | -3.39 |
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
| SETAX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.98 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.59 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.56 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.79 | -0.51 |
Correlation
The correlation between SETAX and FRIRX is 0.89, 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
SETAX vs. FRIRX - Dividend Comparison
SETAX's dividend yield for the trailing twelve months is around 11.51%, more than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SETAX SEI Institutional Managed Trust Real Estate Fund | 11.51% | 11.86% | 5.19% | 2.10% | 5.36% | 6.86% | 6.34% | 8.59% | 17.07% | 8.65% | 13.65% | 5.99% |
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
SETAX vs. FRIRX - Drawdown Comparison
The maximum SETAX drawdown since its inception was -75.06%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for SETAX and FRIRX.
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Drawdown Indicators
| SETAX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.06% | -34.50% | -40.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -4.30% | -7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -32.26% | -18.18% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -34.50% | -6.82% |
Current DrawdownCurrent decline from peak | -6.11% | -2.71% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -3.30% | -10.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.03% | +2.03% |
Volatility
SETAX vs. FRIRX - Volatility Comparison
SEI Institutional Managed Trust Real Estate Fund (SETAX) has a higher volatility of 4.46% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that SETAX'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
| SETAX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 1.66% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 2.84% | +6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 4.91% | +11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 6.53% | +12.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 9.49% | +11.63% |