TAREX vs. FIKMX
Compare and contrast key facts about Third Avenue Real Estate Value Fund (TAREX) and Fidelity Advisor Real Estate Income Fund Class Z (FIKMX).
TAREX is managed by Third Avenue. It was launched on Sep 16, 1998. FIKMX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
TAREX vs. FIKMX - Performance Comparison
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TAREX vs. FIKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | -10.02% | 12.52% | 13.54% | 23.48% | -26.53% | 30.69% | -8.23% | 21.09% | -7.19% |
FIKMX Fidelity Advisor Real Estate Income Fund Class Z | 0.41% | 7.29% | 8.03% | 9.51% | -14.48% | 19.04% | -0.98% | 18.04% | -1.71% |
Returns By Period
In the year-to-date period, TAREX achieves a -10.02% return, which is significantly lower than FIKMX's 0.41% return.
TAREX
- 1D
- 2.21%
- 1M
- -10.74%
- YTD
- -10.02%
- 6M
- -12.07%
- 1Y
- 0.38%
- 3Y*
- 11.65%
- 5Y*
- 3.91%
- 10Y*
- 4.16%
FIKMX
- 1D
- 0.41%
- 1M
- -2.56%
- YTD
- 0.41%
- 6M
- 1.22%
- 1Y
- 4.81%
- 3Y*
- 7.65%
- 5Y*
- 3.93%
- 10Y*
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TAREX vs. FIKMX - Expense Ratio Comparison
TAREX has a 1.15% expense ratio, which is higher than FIKMX's 0.59% expense ratio.
Return for Risk
TAREX vs. FIKMX — Risk / Return Rank
TAREX
FIKMX
TAREX vs. FIKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Real Estate Value Fund (TAREX) and Fidelity Advisor Real Estate Income Fund Class Z (FIKMX). 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.
| TAREX | FIKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.99 | -0.94 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.32 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.17 | -1.10 |
Martin ratioReturn relative to average drawdown | 0.22 | 4.90 | -4.67 |
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
| TAREX | FIKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.99 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.61 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.52 | -0.06 |
Correlation
The correlation between TAREX and FIKMX is 0.73, 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
TAREX vs. FIKMX - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.31%, more than FIKMX's 4.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | 6.31% | 5.68% | 6.59% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 1.06% | 1.80% | 5.60% |
FIKMX Fidelity Advisor Real Estate Income Fund Class Z | 4.78% | 4.80% | 4.81% | 5.15% | 6.24% | 1.59% | 4.90% | 5.82% | 2.31% | 0.00% | 0.00% | 0.00% |
Drawdowns
TAREX vs. FIKMX - Drawdown Comparison
The maximum TAREX drawdown since its inception was -67.68%, which is greater than FIKMX's maximum drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for TAREX and FIKMX.
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Drawdown Indicators
| TAREX | FIKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -34.49% | -33.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -4.35% | -11.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.89% | -18.04% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | -44.73% | — | — |
Current DrawdownCurrent decline from peak | -13.79% | -2.72% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -5.26% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.04% | +3.35% |
Volatility
TAREX vs. FIKMX - Volatility Comparison
Third Avenue Real Estate Value Fund (TAREX) has a higher volatility of 6.04% compared to Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) at 1.67%. This indicates that TAREX's price experiences larger fluctuations and is considered to be riskier than FIKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAREX | FIKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 1.67% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 2.90% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 4.96% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 6.52% | +11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 10.69% | +7.99% |