TIREX vs. FRIFX
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Fidelity Real Estate Income Fund (FRIFX).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. FRIFX is managed by Fidelity. It was launched on Feb 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIREX or FRIFX.
Performance
TIREX vs. FRIFX - Performance Comparison
Returns By Period
In the year-to-date period, TIREX achieves a 12.18% return, which is significantly higher than FRIFX's 9.15% return. Over the past 10 years, TIREX has outperformed FRIFX with an annualized return of 7.25%, while FRIFX has yielded a comparatively lower 5.60% annualized return.
TIREX
12.18%
-0.16%
21.15%
25.18%
5.23%
7.25%
FRIFX
9.15%
-0.49%
8.11%
15.70%
4.01%
5.60%
Key characteristics
| TIREX | FRIFX | |
|---|---|---|
| Sharpe Ratio | 1.57 | 2.94 |
| Sortino Ratio | 2.21 | 4.27 |
| Omega Ratio | 1.27 | 1.59 |
| Calmar Ratio | 0.87 | 1.32 |
| Martin Ratio | 5.43 | 16.74 |
| Ulcer Index | 4.64% | 0.94% |
| Daily Std Dev | 16.05% | 5.34% |
| Max Drawdown | -74.18% | -39.77% |
| Current Drawdown | -10.34% | -1.39% |
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TIREX vs. FRIFX - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is lower than FRIFX's 0.71% expense ratio.
Correlation
The correlation between TIREX and FRIFX is 0.86, 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.
Risk-Adjusted Performance
TIREX vs. FRIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) 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.
Dividends
TIREX vs. FRIFX - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.83%, less than FRIFX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.83% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
FRIFX Fidelity Real Estate Income Fund | 4.55% | 4.99% | 4.10% | 1.33% | 4.77% | 4.38% | 4.47% | 4.37% | 4.30% | 6.32% | 7.55% | 10.31% |
Drawdowns
TIREX vs. FRIFX - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than FRIFX's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for TIREX and FRIFX. For additional features, visit the drawdowns tool.
Volatility
TIREX vs. FRIFX - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a higher volatility of 4.74% compared to Fidelity Real Estate Income Fund (FRIFX) at 1.44%. This indicates that TIREX'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.