DVY (iShare Select Dividend EFT) has a 0.39% fee and aligns more or less the curves of the S&P 500 (with plus and minus on both sides). S&P500 beat it over the last 10yrs, breaks even with it in the last 5yrs (where it was most times slightly above DVY) while the DVY beats the S&P500 in the last year.
Fees could be worse, but also not superb, assuming you diversify your portfolio with index funds and you think that the DVY will outperform these index funds in the future -- hence you justify the premium fee compared with the S&P500 VOO EFT which comes with a 0.05% fee. On the other side VYM (Vanguard High Yield Dividend, 0.09% fee) outperforms DVY over the last 10 years and comes with a smaller fee while VDGIX (Vanguard Dividend Groth Fund, no EFT found, 0.33% fee) outperforms all of them. But didn't compared all of them after factoring in the fee.
FRESX (0.78% annual fee, Fidelity Real Estate Investment Portofolio) is over the last 10years outperformed by VNQ (0.12% fee, Vanguard REIT EFT) and also in the last 12months (too short of a time frame), but not in the last 5years. Over the last 5years the FRESX gained ~15% over the VNQ. I personally don't like such high fees and would not trust past performance. In this case the lower fee EFT outperforms over the long term (10yrs) and even short term (1yr) which even rules out the time frame where the FRESX was outperforming. The Fidelity chart (
https://fundresearch.fidelity.com/mutual-funds/summary/316138205) claims that the FRESX outperforms the other options, but it does not compare them after subtracting the fees -- and also doesn't compare it with other competitor funds.
In general it would be helpful writing down the kind of stock & fees and maybe a link to them.
My personal approach is always to compare the various funds and compare them with a) the S&P500 and Rusell 3000 as well as b) with similar funds in its class. All comparison over multiple multi-year time frames. I also try to avoid higher fees (every one has their own definition, for some its >1%, while mine is >0.3-0.4% or even >0.1% if it's an index fund) since no one knows if the fund will outperform in the future (even then the fee will often eat it).