DQIRX vs. DRLIX

Last updated Aug 1, 2026

DQIRX (BNY Mellon Equity Income Fund) and DRLIX (BNY Mellon Global Real Estate Securities Fund) are both mutual funds - DQIRX is a Dividend fund managed by Dreyfus, while DRLIX is a REIT fund managed by Dreyfus. Over the past 10 years, DQIRX returned 13.98%/yr vs 4.98%/yr for DRLIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. DQIRX charges 0.78%/yr vs 1.05%/yr for DRLIX.

Performance

DQIRX vs. DRLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Equity Income Fund (DQIRX) and BNY Mellon Global Real Estate Securities Fund (DRLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DQIRX achieves a 13.79% return, which is significantly lower than DRLIX's 15.14% return. Over the past 10 years, DQIRX has outperformed DRLIX with an annualized return of 13.98%, while DRLIX has yielded a comparatively lower 4.98% annualized return.

DQIRX

• 1D: 1.03%
• 1M: 1.33%
• 6M: 10.63%
• YTD: 13.79%
• 1Y: 26.77%
• 3Y*: 21.54%
• 5Y*: 15.36%
• 10Y*: 13.98%
• ALL TIME*: 10.37%

DRLIX

• 1D: -0.20%
• 1M: 2.29%
• 6M: 11.35%
• YTD: 15.14%
• 1Y: 20.26%
• 3Y*: 10.50%
• 5Y*: 2.97%
• 10Y*: 4.98%
• ALL TIME*: 4.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DQIRX BNY Mellon Equity Income Fund	$0.00	$0.00	$0.00
DRLIX BNY Mellon Global Real Estate Securities Fund	$0.00	$0.00	$0.00

DQIRX vs. DRLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DQIRX BNY Mellon Equity Income Fund	13.79%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%
DRLIX BNY Mellon Global Real Estate Securities Fund	15.14%	9.12%	3.21%	11.35%	-23.24%	26.95%	-2.30%	23.05%	-4.57%	11.24%

Correlation

The correlation between DQIRX and DRLIX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.70

Over the past year, the correlation between DQIRX and DRLIX has dropped to 0.39 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

DQIRX vs. DRLIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DQIRX

DQIRX Risk / Return Rank: 87
DQIRX Sharpe Ratio Rank: 86
DQIRX Sortino Ratio Rank: 81
DQIRX Omega Ratio Rank: 82
DQIRX Calmar Ratio Rank: 92
DQIRX Martin Ratio Rank: 93

DRLIX

DRLIX Risk / Return Rank: 57
DRLIX Sharpe Ratio Rank: 63
DRLIX Sortino Ratio Rank: 61
DRLIX Omega Ratio Rank: 63
DRLIX Calmar Ratio Rank: 47
DRLIX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DQIRX vs. DRLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and BNY Mellon Global Real Estate Securities Fund (DRLIX). 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.

	DQIRX	DRLIX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.55	+0.55
Sortino ratio: Return per unit of downside risk	2.82	2.17	+0.65
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.10
Calmar ratio: Return relative to maximum drawdown	3.59	1.83	+1.76
Martin ratio: Return relative to average drawdown	13.49	6.85	+6.65

DQIRX vs. DRLIX - Sharpe Ratio Comparison

The current DQIRX Sharpe Ratio is 2.10, which is higher than the DRLIX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of DQIRX and DRLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DQIRX vs. DRLIX - Drawdown Comparison

The maximum DQIRX drawdown since its inception was -50.77%, smaller than the maximum DRLIX drawdown of -68.86%. Use the drawdown chart below to compare losses from any high point for DQIRX and DRLIX.

Drawdown Indicators

	DQIRX	DRLIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.77%	-68.86%	+18.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-10.13%	+3.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-17.55%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-20.34%	-31.86%	+11.52%
Max Drawdown (10Y) Largest decline over 10 years	-36.82%	-41.82%	+5.00%
Current Drawdown Current decline from peak	-1.63%	-0.61%	-1.02%
Average Drawdown Average peak-to-trough decline	-6.90%	-14.24%	+7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.70%	-0.89%

Volatility

DQIRX vs. DRLIX - Volatility Comparison

The current volatility for BNY Mellon Equity Income Fund (DQIRX) is 2.99%, while BNY Mellon Global Real Estate Securities Fund (DRLIX) has a volatility of 3.20%. This indicates that DQIRX experiences smaller price fluctuations and is considered to be less risky than DRLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DQIRX	DRLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	3.20%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	9.69%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	11.96%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	16.39%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	17.61%	-0.22%

DQIRX vs. DRLIX - Expense Ratio Comparison

DQIRX has a 0.78% expense ratio, which is lower than DRLIX's 1.05% expense ratio.

Dividends

DQIRX vs. DRLIX - Dividend Comparison

DQIRX's dividend yield for the trailing twelve months is around 2.88%, more than DRLIX's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.81%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
DRLIX BNY Mellon Global Real Estate Securities Fund	2.70%	3.11%	2.08%	1.70%	7.68%	8.25%	1.47%	11.17%	4.63%	4.72%	5.73%	5.40%

Frequently Asked Questions

Can I hold both DQIRX and DRLIX in my portfolio?

DQIRX and DRLIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DQIRX or DRLIX?

DRLIX has higher volatility (3.20%) compared to DQIRX (2.99%). In terms of maximum drawdown, DQIRX dropped -50.77% vs DRLIX's -68.86%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (2.10 vs 1.55), 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.