TAREX vs. FRINX
Compare and contrast key facts about Third Avenue Real Estate Value Fund (TAREX) and Fidelity Advisor Real Estate Income Fund Class A (FRINX).
TAREX is managed by Third Avenue. It was launched on Sep 16, 1998. FRINX is managed by Fidelity. It was launched on Apr 14, 2010.
Performance
TAREX vs. FRINX - Performance Comparison
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TAREX vs. FRINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAREX Third Avenue Real Estate Value Fund | -10.02% | 12.52% | 13.54% | 23.48% | -26.53% | 30.69% | -8.23% | 21.09% | -19.98% | 16.10% |
FRINX Fidelity Advisor Real Estate Income Fund Class A | 0.33% | 6.87% | 7.61% | 9.01% | -14.79% | 18.64% | -1.36% | 17.52% | -1.93% | 6.00% |
Returns By Period
In the year-to-date period, TAREX achieves a -10.02% return, which is significantly lower than FRINX's 0.33% return. Over the past 10 years, TAREX has underperformed FRINX with an annualized return of 4.16%, while FRINX has yielded a comparatively higher 5.05% annualized 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%
FRINX
- 1D
- 0.41%
- 1M
- -2.65%
- YTD
- 0.33%
- 6M
- 1.01%
- 1Y
- 4.31%
- 3Y*
- 7.24%
- 5Y*
- 3.51%
- 10Y*
- 5.05%
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TAREX vs. FRINX - Expense Ratio Comparison
TAREX has a 1.15% expense ratio, which is higher than FRINX's 0.98% expense ratio.
Return for Risk
TAREX vs. FRINX — Risk / Return Rank
TAREX
FRINX
TAREX vs. FRINX - 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 A (FRINX). 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 | FRINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.91 | -0.86 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.23 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.09 | -1.02 |
Martin ratioReturn relative to average drawdown | 0.22 | 4.54 | -4.31 |
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 | FRINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.91 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.54 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.53 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.75 | -0.29 |
Correlation
The correlation between TAREX and FRINX is 0.70, 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. FRINX - Dividend Comparison
TAREX's dividend yield for the trailing twelve months is around 6.31%, more than FRINX's 4.38% 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% |
FRINX Fidelity Advisor Real Estate Income Fund Class A | 4.38% | 4.40% | 4.41% | 4.78% | 5.80% | 1.31% | 4.53% | 5.45% | 4.89% | 4.21% | 4.77% | 3.53% |
Drawdowns
TAREX vs. FRINX - Drawdown Comparison
The maximum TAREX drawdown since its inception was -67.68%, which is greater than FRINX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for TAREX and FRINX.
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Drawdown Indicators
| TAREX | FRINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -34.50% | -33.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -4.28% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -31.89% | -18.30% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -44.73% | -34.50% | -10.23% |
Current DrawdownCurrent decline from peak | -13.79% | -2.72% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -3.41% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.03% | +3.36% |
Volatility
TAREX vs. FRINX - 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 A (FRINX) at 1.65%. This indicates that TAREX's price experiences larger fluctuations and is considered to be riskier than FRINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAREX | FRINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 1.65% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 2.87% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 4.92% | +12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 6.51% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 9.50% | +9.18% |