BIREX vs. VGRLX
Compare and contrast key facts about BlackRock Real Estate Securities Fund (BIREX) and Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX).
BIREX is managed by BlackRock. It was launched on Sep 28, 2012. VGRLX is managed by Vanguard. It was launched on Feb 10, 2011.
Performance
BIREX vs. VGRLX - Performance Comparison
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BIREX vs. VGRLX - 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% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | -3.59% | 22.00% | -2.42% | 6.19% | -22.36% | 5.65% | -6.91% | 21.44% | -9.55% | 26.53% |
Returns By Period
In the year-to-date period, BIREX achieves a 3.71% return, which is significantly higher than VGRLX's -3.59% return. Over the past 10 years, BIREX has outperformed VGRLX with an annualized return of 5.63%, while VGRLX has yielded a comparatively lower 2.43% 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%
VGRLX
- 1D
- 2.01%
- 1M
- -11.36%
- YTD
- -3.59%
- 6M
- -2.86%
- 1Y
- 13.95%
- 3Y*
- 7.55%
- 5Y*
- -0.64%
- 10Y*
- 2.43%
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BIREX vs. VGRLX - Expense Ratio Comparison
BIREX has a 0.75% expense ratio, which is higher than VGRLX's 0.12% expense ratio.
Return for Risk
BIREX vs. VGRLX — Risk / Return Rank
BIREX
VGRLX
BIREX vs. VGRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) and Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX). 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 | VGRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 1.20 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.50 | 1.62 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.96 | -0.49 |
Martin ratioReturn relative to average drawdown | 1.94 | 4.29 | -2.34 |
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 | VGRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 1.20 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.05 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.17 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.21 | +0.15 |
Correlation
The correlation between BIREX and VGRLX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BIREX vs. VGRLX - Dividend Comparison
BIREX's dividend yield for the trailing twelve months is around 2.87%, less than VGRLX's 4.87% 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% |
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | 4.87% | 4.69% | 5.17% | 3.74% | 0.56% | 6.49% | 0.92% | 7.76% | 4.62% | 3.86% | 5.17% | 2.84% |
Drawdowns
BIREX vs. VGRLX - Drawdown Comparison
The maximum BIREX drawdown since its inception was -41.92%, which is greater than VGRLX's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for BIREX and VGRLX.
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Drawdown Indicators
| BIREX | VGRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -38.77% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -14.35% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -35.54% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -38.77% | -3.15% |
Current DrawdownCurrent decline from peak | -8.78% | -12.63% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -10.89% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.22% | -0.30% |
Volatility
BIREX vs. VGRLX - Volatility Comparison
The current volatility for BlackRock Real Estate Securities Fund (BIREX) is 4.53%, while Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) has a volatility of 5.63%. This indicates that BIREX experiences smaller price fluctuations and is considered to be less risky than VGRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIREX | VGRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 5.63% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 8.54% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 12.33% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 13.79% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 14.69% | +6.20% |