BIREX vs. RRGIX
BIREX (BlackRock Real Estate Securities Fund) and RRGIX (DWS RREEF Global Real Estate Securities Fund) are both REIT funds. Over the past 10 years, BIREX returned 5.77%/yr vs 4.69%/yr for RRGIX. Their correlation of 0.91 means they have usually moved in the same direction. BIREX charges 0.75%/yr vs 0.88%/yr for RRGIX.
Performance
BIREX vs. RRGIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIREX achieves a 17.79% return, which is significantly higher than RRGIX's 13.86% return. Over the past 10 years, BIREX has outperformed RRGIX with an annualized return of 5.77%, while RRGIX has yielded a comparatively lower 4.69% annualized return.
BIREX
- 1D
- -1.15%
- 1M
- 1.44%
- 6M
- 14.62%
- YTD
- 17.79%
- 1Y
- 20.56%
- 3Y*
- 10.40%
- 5Y*
- 3.26%
- 10Y*
- 5.77%
- ALL TIME*
- 7.97%
RRGIX
- 1D
- -0.24%
- 1M
- 1.99%
- 6M
- 9.85%
- YTD
- 13.86%
- 1Y
- 19.17%
- 3Y*
- 10.42%
- 5Y*
- 2.23%
- 10Y*
- 4.69%
- ALL TIME*
- 1.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIREX vs. RRGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 17.79% | 3.08% | 3.75% | 13.57% | -27.58% | 46.24% | -4.17% | 27.75% | -2.95% | 6.19% |
RRGIX DWS RREEF Global Real Estate Securities Fund | 13.86% | 8.77% | 2.97% | 11.22% | -26.42% | 30.53% | -4.24% | 25.09% | -4.15% | 11.62% |
Correlation
The correlation between BIREX and RRGIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.91 |
The correlation between BIREX and RRGIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
BIREX vs. RRGIX — Risk / Return Rank
BIREX
RRGIX
BIREX vs. RRGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) and DWS RREEF Global Real Estate Securities Fund (RRGIX). 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.
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 | RRGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.81 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.16 | 6.80 | +1.36 |
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Drawdowns
BIREX vs. RRGIX - Drawdown Comparison
The maximum BIREX drawdown since its inception was -41.92%, smaller than the maximum RRGIX drawdown of -73.86%. Use the drawdown chart below to compare losses from any high point for BIREX and RRGIX.
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Drawdown Indicators
| BIREX | RRGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -73.86% | +31.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.93% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -17.94% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -34.35% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -40.87% | -1.05% |
Current DrawdownCurrent decline from peak | -1.71% | -0.73% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -26.23% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.65% | -0.35% |
Volatility
BIREX vs. RRGIX - Volatility Comparison
BlackRock Real Estate Securities Fund (BIREX) has a higher volatility of 4.19% compared to DWS RREEF Global Real Estate Securities Fund (RRGIX) at 3.21%. This indicates that BIREX's price experiences larger fluctuations and is considered to be riskier than RRGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIREX | RRGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.21% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 9.62% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 11.88% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 16.02% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 17.07% | +3.86% |
BIREX vs. RRGIX - Expense Ratio Comparison
BIREX has a 0.75% expense ratio, which is lower than RRGIX's 0.88% expense ratio.
Dividends
BIREX vs. RRGIX - Dividend Comparison
BIREX's dividend yield for the trailing twelve months is around 2.60%, less than RRGIX's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 2.60% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
RRGIX DWS RREEF Global Real Estate Securities Fund | 2.76% | 2.65% | 3.08% | 1.39% | 7.02% | 8.80% | 9.11% | 16.41% | 5.70% | 3.74% | 4.24% | 4.31% |
Frequently Asked Questions
BIREX and RRGIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIREX has higher volatility (4.19%) compared to RRGIX (3.21%). In terms of maximum drawdown, BIREX dropped -41.92% vs RRGIX's -73.86%.
RRGIX currently has the higher Sharpe Ratio (1.52 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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