- ISIN
- US0919365835
- CUSIP
- 091936583
- Issuer
- BlackRock
- Inception Date
- Sep 28, 2012
- Category
- REIT
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
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Performance
BIREX Performance Chart
BlackRock Real Estate Securities Fund (BIREX) is up 13.0% since the beginning of the year. BIREX is currently trading at $17 per share. Investors who bought $1,000 worth of BIREX shares 5 years ago would now be looking at an investment worth $1,183.
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Returns By Period
BlackRock Real Estate Securities Fund (BIREX) has returned 12.99% so far this year and 14.08% over the past 12 months. Over the last ten years, BIREX has returned 6.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Real Estate Securities Fund
- 1D
- 0.12%
- 1M
- -1.54%
- YTD
- 12.99%
- 6M
- 13.22%
- 1Y
- 14.08%
- 3Y*
- 9.85%
- 5Y*
- 3.41%
- 10Y*
- 6.31%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BIREX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, BIREX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +12.1%, while the worst month was Mar 2020 at -19.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BIREX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -18.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.76% | 7.48% | -6.11% | 9.08% | 0.48% | -0.60% | 12.99% | ||||||
| 2025 | 1.15% | 4.00% | -2.88% | -1.53% | 0.74% | 0.74% | -1.09% | 2.78% | 0.86% | -2.17% | 3.03% | -2.31% | 3.08% |
| 2024 | -4.76% | 1.29% | 1.90% | -7.65% | 5.28% | 1.79% | 7.26% | 4.43% | 3.80% | -3.25% | 2.47% | -7.49% | 3.75% |
| 2023 | 10.26% | -5.84% | -1.44% | 0.80% | -4.24% | 5.50% | 2.03% | -3.15% | -6.72% | -3.18% | 12.10% | 8.95% | 13.57% |
| 2022 | -8.70% | -3.42% | 6.74% | -4.02% | -5.79% | -7.62% | 8.55% | -6.13% | -11.86% | 2.60% | 5.34% | -5.09% | -27.58% |
| 2021 | 0.97% | 4.07% | 4.48% | 8.12% | 1.08% | 2.94% | 4.46% | 2.11% | -4.81% | 7.48% | -0.68% | 9.23% | 46.24% |
Benchmark Metrics
BlackRock Real Estate Securities Fund has an annualized alpha of -1.72%, beta of 0.81, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 91.08% of S&P 500 Index downside but only 71.85% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.72%
- Beta
- 0.81
- R²
- 0.49
- Upside Capture
- 71.85%
- Downside Capture
- 91.08%
Expense Ratio
BIREX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BIREX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIREX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.78 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.65 | 12.44 | -6.79 |
Dividends
Dividend History
BlackRock Real Estate Securities Fund provided a 2.70% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.44 | $0.43 | $0.42 | $0.58 | $0.31 | $0.29 | $0.28 | $0.35 | $1.20 | $0.84 | $0.84 |
Dividend yield | 2.70% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Real Estate Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.11 | $0.44 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.12 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.13 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.09 | $0.00 | $0.13 | $0.58 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.08 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Real Estate Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Real Estate Securities Fund was 41.92%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
The current BlackRock Real Estate Securities Fund drawdown is 2.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.92%Mar 2020 | 28d | 1y 9d | 1y 1moFeb 2020 - Apr 2021 |
2023 bear market2023 | -34.76%Oct 2023 | 1y 9mo | 2y 5mo | 4y 3moJan 2022 - Apr 2026 |
2013 correction2013 | -17.41%Aug 2013 | 2mo 29d | 8mo 15d | 11mo 14dMay 2013 - May 2014 |
2016 correction2016 | -17.09%Feb 2016 | 1y 15d | 2mo 23d | 1y 3moJan 2015 - May 2016 |
2018 correction2018 | -14.69%Feb 2018 | 1y 6mo | 4mo 27d | 1y 11moAug 2016 - Jul 2018 |
Drawdown Indicators
| BIREX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -56.78% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.10% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -18.90% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -25.43% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -33.92% | -8.00% |
Current DrawdownCurrent decline from peak | -2.80% | -1.80% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -10.71% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.03% | +0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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