DRLIX vs. FESIX
DRLIX (BNY Mellon Global Real Estate Securities Fund) and FESIX (Fidelity SAI Real Estate Index Fund) are both REIT funds. Over the past 5 years, DRLIX returned 2.97%/yr vs 2.37%/yr for FESIX. Their correlation of 0.91 means they have usually moved in the same direction. DRLIX charges 1.05%/yr vs 0.07%/yr for FESIX.
Performance
DRLIX vs. FESIX - Performance Comparison
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Returns By Period
In the year-to-date period, DRLIX achieves a 15.14% return, which is significantly higher than FESIX's 14.30% return.
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%
FESIX
- 1D
- -1.20%
- 1M
- 1.41%
- 6M
- 11.44%
- YTD
- 14.30%
- 1Y
- 15.82%
- 3Y*
- 9.29%
- 5Y*
- 2.37%
- 10Y*
- —
- ALL TIME*
- 4.52%
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 |
DRLIX vs. FESIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FESIX Fidelity SAI Real Estate Index Fund | 14.30% | 3.09% | 4.80% | 11.83% | -26.47% | 40.61% | -11.10% | 23.06% | -4.95% | 2.81% |
Correlation
The correlation between DRLIX and FESIX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.91 |
The correlation between DRLIX and FESIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
DRLIX vs. FESIX — Risk / Return Rank
DRLIX
FESIX
DRLIX vs. FESIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Real Estate Securities Fund (DRLIX) and Fidelity SAI Real Estate Index Fund (FESIX). 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 | FESIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.65 | +0.17 |
| Martin ratioReturn relative to average drawdown | 6.85 | 5.29 | +1.56 |
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Drawdowns
DRLIX vs. FESIX - Drawdown Comparison
The maximum DRLIX drawdown since its inception was -68.86%, which is greater than FESIX's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for DRLIX and FESIX.
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Drawdown Indicators
| DRLIX | FESIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.86% | -44.22% | -24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -8.42% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -17.48% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.86% | -34.51% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -1.37% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -11.22% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.69% | +0.01% |
Volatility
DRLIX vs. FESIX - Volatility Comparison
The current volatility for BNY Mellon Global Real Estate Securities Fund (DRLIX) is 3.20%, while Fidelity SAI Real Estate Index Fund (FESIX) has a volatility of 4.32%. This indicates that DRLIX experiences smaller price fluctuations and is considered to be less risky than FESIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRLIX | FESIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.32% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 10.77% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 13.87% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 19.01% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 21.66% | -4.05% |
DRLIX vs. FESIX - Expense Ratio Comparison
DRLIX has a 1.05% expense ratio, which is higher than FESIX's 0.07% expense ratio.
Dividends
DRLIX vs. FESIX - Dividend Comparison
DRLIX's dividend yield for the trailing twelve months is around 2.70%, less than FESIX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FESIX Fidelity SAI Real Estate Index Fund | 2.77% | 3.09% | 52.40% | 3.87% | 55.39% | 5.01% | 2.71% | 3.78% | 3.15% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
DRLIX and FESIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FESIX has higher volatility (4.32%) compared to DRLIX (3.20%). In terms of maximum drawdown, DRLIX dropped -68.86% vs FESIX's -44.22%.
DRLIX currently has the higher Sharpe Ratio (1.55 vs 1.01), 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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