DRLIX vs. DIBRX

Last updated Jun 23, 2026

DRLIX (BNY Mellon Global Real Estate Securities Fund) and DIBRX (BNY Mellon International Bond Fund) are both mutual funds - DRLIX is a REIT fund managed by Dreyfus, while DIBRX is a Global Bonds fund managed by Dreyfus. Over the past 10 years, DRLIX returned 5.18%/yr vs -0.44%/yr for DIBRX. At a 0.26 correlation, their price movements are largely independent. DRLIX charges 1.05%/yr vs 0.73%/yr for DIBRX.

Performance

DRLIX vs. DIBRX - Performance Comparison

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

Returns By Period

In the year-to-date period, DRLIX achieves a 9.39% return, which is significantly higher than DIBRX's -1.34% return. Over the past 10 years, DRLIX has outperformed DIBRX with an annualized return of 5.18%, while DIBRX has yielded a comparatively lower -0.44% annualized return.

DRLIX

• 1D: 0.11%
• 1M: -0.96%
• YTD: 9.39%
• 6M: 9.94%
• 1Y: 12.65%
• 3Y*: 9.77%
• 5Y*: 2.82%
• 10Y*: 5.18%

DIBRX

• 1D: -0.23%
• 1M: -0.08%
• YTD: -1.34%
• 6M: -0.80%
• 1Y: -0.85%
• 3Y*: 2.72%
• 5Y*: -2.37%
• 10Y*: -0.44%

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

DRLIX vs. DIBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRLIX BNY Mellon Global Real Estate Securities Fund	9.39%	9.12%	3.21%	11.35%	-23.24%	26.95%	-2.30%	23.05%	-4.57%	11.24%
DIBRX BNY Mellon International Bond Fund	-1.34%	8.51%	-3.14%	5.70%	-16.81%	-6.80%	8.38%	5.16%	-5.80%	12.58%

Correlation

The correlation between DRLIX and DIBRX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.26

Over the past year, DRLIX and DIBRX have become more correlated (0.55) than their long-term average of 0.26, meaning their price movements have been converging.

Return for Risk

DRLIX vs. DIBRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRLIX

DRLIX Risk / Return Rank: 16
DRLIX Sharpe Ratio Rank: 16
DRLIX Sortino Ratio Rank: 15
DRLIX Omega Ratio Rank: 16
DRLIX Calmar Ratio Rank: 14
DRLIX Martin Ratio Rank: 19

DIBRX

DIBRX Risk / Return Rank: 2
DIBRX Sharpe Ratio Rank: 2
DIBRX Sortino Ratio Rank: 2
DIBRX Omega Ratio Rank: 2
DIBRX Calmar Ratio Rank: 2
DIBRX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRLIX vs. DIBRX - Risk-Adjusted Trends Comparison

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

	DRLIX	DIBRX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	-0.13	+1.17
Sortino ratio: Return per unit of downside risk	1.49	-0.14	+1.63
Omega ratio: Gain probability vs. loss probability	1.19	0.98	+0.21
Calmar ratio: Return relative to maximum drawdown	1.23	-0.16	+1.39
Martin ratio: Return relative to average drawdown	4.50	-0.38	+4.88

DRLIX vs. DIBRX - Sharpe Ratio Comparison

The current DRLIX Sharpe Ratio is 1.04, which is higher than the DIBRX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of DRLIX and DIBRX, 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

DRLIX vs. DIBRX - Drawdown Comparison

The maximum DRLIX drawdown since its inception was -68.86%, which is greater than DIBRX's maximum drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for DRLIX and DIBRX.

Drawdown Indicators

	DRLIX	DIBRX	Difference
Max Drawdown Largest peak-to-trough decline	-68.86%	-30.62%	-38.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-5.21%	-4.92%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-8.76%	-8.79%
Max Drawdown (5Y) Largest decline over 5 years	-31.86%	-28.27%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-30.62%	-11.20%
Current Drawdown Current decline from peak	-2.41%	-15.63%	+13.22%
Average Drawdown Average peak-to-trough decline	-14.32%	-7.22%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.25%	+0.51%

Volatility

DRLIX vs. DIBRX - Volatility Comparison

BNY Mellon Global Real Estate Securities Fund (DRLIX) has a higher volatility of 4.03% compared to BNY Mellon International Bond Fund (DIBRX) at 1.67%. This indicates that DRLIX's price experiences larger fluctuations and is considered to be riskier than DIBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLIX	DIBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	1.67%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	4.98%	+4.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	6.62%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	7.43%	+8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	7.11%	+10.53%

DRLIX vs. DIBRX - Expense Ratio Comparison

DRLIX has a 1.05% expense ratio, which is higher than DIBRX's 0.73% expense ratio.

Dividends

DRLIX vs. DIBRX - Dividend Comparison

DRLIX's dividend yield for the trailing twelve months is around 2.84%, less than DIBRX's 3.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIBRX BNY Mellon International Bond Fund	3.14%	2.48%	2.34%	0.00%	0.58%	1.90%	2.16%	0.00%	3.64%	3.81%	0.61%	5.14%
DRLIX BNY Mellon Global Real Estate Securities Fund	2.84%	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 DRLIX and DIBRX in my portfolio?

DRLIX and DIBRX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRLIX or DIBRX?

DRLIX has higher volatility (4.03%) compared to DIBRX (1.67%). In terms of maximum drawdown, DRLIX dropped -68.86% vs DIBRX's -30.62%.

Which has better risk-adjusted returns?

DRLIX currently has the higher Sharpe Ratio (1.04 vs -0.13), 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.