Correlation
The correlation between DRLIX and FRESX is 0.67, 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.
DRLIX vs. FRESX
Compare and contrast key facts about BNY Mellon Global Real Estate Securities Fund (DRLIX) and Fidelity Real Estate Investment Portfolio (FRESX).
DRLIX is managed by Dreyfus. It was launched on Dec 28, 2006. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRLIX or FRESX.
Performance
DRLIX vs. FRESX - Performance Comparison
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Key characteristics
DRLIX:
0.96
FRESX:
0.92
DRLIX:
1.39
FRESX:
1.39
DRLIX:
1.18
FRESX:
1.18
DRLIX:
0.79
FRESX:
0.75
DRLIX:
2.47
FRESX:
3.17
DRLIX:
5.94%
FRESX:
5.48%
DRLIX:
15.25%
FRESX:
17.98%
DRLIX:
-67.97%
FRESX:
-76.33%
DRLIX:
-5.40%
FRESX:
-9.03%
Returns By Period
In the year-to-date period, DRLIX achieves a 5.34% return, which is significantly higher than FRESX's 2.51% return. Over the past 10 years, DRLIX has underperformed FRESX with an annualized return of 4.64%, while FRESX has yielded a comparatively higher 5.60% annualized return.
DRLIX
5.34%
2.66%
-1.98%
14.51%
1.93%
7.63%
4.64%
FRESX
2.51%
0.76%
-5.28%
16.33%
1.17%
7.48%
5.60%
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DRLIX vs. FRESX - Expense Ratio Comparison
DRLIX has a 1.05% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Risk-Adjusted Performance
DRLIX vs. FRESX — Risk-Adjusted Performance Rank
DRLIX
FRESX
DRLIX vs. FRESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Real Estate Securities Fund (DRLIX) and Fidelity Real Estate Investment Portfolio (FRESX). 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.
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Dividends
DRLIX vs. FRESX - Dividend Comparison
DRLIX's dividend yield for the trailing twelve months is around 2.63%, less than FRESX's 5.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRLIX BNY Mellon Global Real Estate Securities Fund | 2.63% | 2.77% | 2.79% | 7.68% | 8.25% | 1.47% | 11.17% | 4.63% | 4.72% | 5.74% | 5.40% | 3.05% |
FRESX Fidelity Real Estate Investment Portfolio | 5.44% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.82% | 4.00% | 4.90% | 6.09% | 1.66% |
Drawdowns
DRLIX vs. FRESX - Drawdown Comparison
The maximum DRLIX drawdown since its inception was -67.97%, smaller than the maximum FRESX drawdown of -76.33%. Use the drawdown chart below to compare losses from any high point for DRLIX and FRESX.
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Volatility
DRLIX vs. FRESX - Volatility Comparison
The current volatility for BNY Mellon Global Real Estate Securities Fund (DRLIX) is 3.94%, while Fidelity Real Estate Investment Portfolio (FRESX) has a volatility of 4.74%. This indicates that DRLIX experiences smaller price fluctuations and is considered to be less risky than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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