TIREX vs. FRIRX
Compare and contrast key facts about TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and Fidelity Advisor Real Estate Income Fund Class I (FRIRX).
TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002. FRIRX is managed by Fidelity.
Performance
TIREX vs. FRIRX - Performance Comparison
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TIREX vs. FRIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.59% | 2.10% | 5.30% | 12.16% | -28.74% | 39.39% | 1.29% | 31.09% | -4.06% | 11.73% |
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, TIREX achieves a 2.59% return, which is significantly higher than FRIRX's 0.41% return. Over the past 10 years, TIREX has outperformed FRIRX with an annualized return of 5.75%, while FRIRX has yielded a comparatively lower 5.31% annualized return.
TIREX
- 1D
- 1.56%
- 1M
- -6.86%
- YTD
- 2.59%
- 6M
- 1.13%
- 1Y
- 3.40%
- 3Y*
- 6.60%
- 5Y*
- 2.28%
- 10Y*
- 5.75%
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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TIREX vs. FRIRX - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is lower than FRIRX's 0.71% expense ratio.
Return for Risk
TIREX vs. FRIRX — Risk / Return Rank
TIREX
FRIRX
TIREX vs. FRIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) 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.
| TIREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.98 | -0.76 |
Sortino ratioReturn per unit of downside risk | 0.41 | 1.30 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.14 | -0.77 |
Martin ratioReturn relative to average drawdown | 1.52 | 4.76 | -3.24 |
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
| TIREX | FRIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.98 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.59 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.56 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.79 | -0.47 |
Correlation
The correlation between TIREX and FRIRX is 0.90, 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
TIREX vs. FRIRX - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.68%, less than FRIRX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.68% | 3.56% | 3.08% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.20% | 4.16% | 5.65% |
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
TIREX vs. FRIRX - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than FRIRX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for TIREX and FRIRX.
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Drawdown Indicators
| TIREX | FRIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.18% | -34.50% | -39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -4.30% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -18.18% | -17.49% |
Max Drawdown (10Y)Largest decline over 10 years | -39.26% | -34.50% | -4.76% |
Current DrawdownCurrent decline from peak | -11.84% | -2.71% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -3.30% | -10.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.03% | +1.94% |
Volatility
TIREX vs. FRIRX - Volatility Comparison
TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a higher volatility of 4.60% compared to Fidelity Advisor Real Estate Income Fund Class I (FRIRX) at 1.66%. This indicates that TIREX'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
| TIREX | FRIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 1.66% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 2.84% | +6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 4.91% | +11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 6.53% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 9.49% | +10.64% |