BIREX vs. GRIFX
Compare and contrast key facts about BlackRock Real Estate Securities Fund (BIREX) and Apollo Diversified Real Estate Fund Class I (GRIFX).
BIREX is managed by BlackRock. It was launched on Sep 28, 2012. GRIFX is an actively managed fund by Apollo. It was launched on Jun 30, 2014.
Performance
BIREX vs. GRIFX - Performance Comparison
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BIREX vs. GRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 3.71% | 3.08% | 3.75% | 13.57% | -27.58% | 46.24% | -4.17% | 27.75% | -2.95% | 6.19% |
GRIFX Apollo Diversified Real Estate Fund Class I | 1.73% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
Returns By Period
In the year-to-date period, BIREX achieves a 3.71% return, which is significantly higher than GRIFX's 1.73% return. Over the past 10 years, BIREX has outperformed GRIFX with an annualized return of 5.63%, while GRIFX has yielded a comparatively lower 4.46% annualized return.
BIREX
- 1D
- 1.59%
- 1M
- -6.33%
- YTD
- 3.71%
- 6M
- 1.99%
- 1Y
- 4.64%
- 3Y*
- 7.17%
- 5Y*
- 3.58%
- 10Y*
- 5.63%
GRIFX
- 1D
- 0.24%
- 1M
- -1.27%
- YTD
- 1.73%
- 6M
- 1.39%
- 1Y
- 2.95%
- 3Y*
- 1.50%
- 5Y*
- 3.73%
- 10Y*
- 4.46%
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BIREX vs. GRIFX - Expense Ratio Comparison
BIREX has a 0.75% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Return for Risk
BIREX vs. GRIFX — Risk / Return Rank
BIREX
GRIFX
BIREX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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.
| BIREX | GRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.65 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.50 | 0.94 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.85 | -0.38 |
Martin ratioReturn relative to average drawdown | 1.94 | 3.72 | -1.77 |
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
| BIREX | GRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.65 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.67 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.97 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.01 | -0.65 |
Correlation
The correlation between BIREX and GRIFX is 0.89, 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
BIREX vs. GRIFX - Dividend Comparison
BIREX's dividend yield for the trailing twelve months is around 2.87%, less than GRIFX's 5.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 2.87% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
GRIFX Apollo Diversified Real Estate Fund Class I | 5.28% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Drawdowns
BIREX vs. GRIFX - Drawdown Comparison
The maximum BIREX drawdown since its inception was -41.92%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for BIREX and GRIFX.
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Drawdown Indicators
| BIREX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -14.29% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -3.61% | -8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -14.29% | -20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -14.29% | -27.63% |
Current DrawdownCurrent decline from peak | -8.78% | -4.02% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -3.38% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.83% | +2.09% |
Volatility
BIREX vs. GRIFX - Volatility Comparison
BlackRock Real Estate Securities Fund (BIREX) has a higher volatility of 4.53% compared to Apollo Diversified Real Estate Fund Class I (GRIFX) at 0.88%. This indicates that BIREX's price experiences larger fluctuations and is considered to be riskier than GRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIREX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 0.88% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 2.48% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 4.58% | +11.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 5.56% | +13.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 4.62% | +16.27% |