DRLIX vs. FRESX
DRLIX (BNY Mellon Global Real Estate Securities Fund) and FRESX (Fidelity Real Estate Investment Portfolio) are both REIT funds. Over the past 10 years, DRLIX returned 5.18%/yr vs 5.16%/yr for FRESX. Their correlation of 0.89 suggests significant overlap in exposure. DRLIX charges 1.05%/yr vs 0.71%/yr for FRESX.
Performance
DRLIX vs. FRESX - Performance Comparison
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Returns By Period
In the year-to-date period, DRLIX achieves a 9.39% return, which is significantly lower than FRESX's 11.41% return. Both investments have delivered pretty close results over the past 10 years, with DRLIX having a 5.18% annualized return and FRESX not far behind at 5.16%.
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%
FRESX
- 1D
- -0.07%
- 1M
- -0.99%
- YTD
- 11.41%
- 6M
- 11.89%
- 1Y
- 11.31%
- 3Y*
- 9.05%
- 5Y*
- 3.52%
- 10Y*
- 5.16%
DRLIX vs. FRESX - 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% |
FRESX Fidelity Real Estate Investment Portfolio | 11.41% | 2.54% | 5.87% | 10.82% | -24.36% | 42.34% | -7.93% | 25.22% | -4.48% | 4.28% |
Correlation
The correlation between DRLIX and FRESX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.89 |
The correlation between DRLIX and FRESX 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. FRESX — Risk / Return Rank
DRLIX
FRESX
DRLIX vs. FRESX - 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 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.
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 | FRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.45 | -0.22 |
| Martin ratioReturn relative to average drawdown | 4.50 | 4.15 | +0.35 |
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Drawdowns
DRLIX vs. FRESX - Drawdown Comparison
The maximum DRLIX drawdown since its inception was -68.86%, smaller than the maximum FRESX drawdown of -76.34%. Use the drawdown chart below to compare losses from any high point for DRLIX and FRESX.
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Drawdown Indicators
| DRLIX | FRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.86% | -76.34% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -7.78% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -16.44% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -31.86% | -32.13% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | -40.93% | -0.89% |
Current DrawdownCurrent decline from peak | -2.41% | -2.89% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -11.11% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.71% | +0.05% |
Volatility
DRLIX vs. FRESX - Volatility Comparison
The current volatility for BNY Mellon Global Real Estate Securities Fund (DRLIX) is 4.03%, while Fidelity Real Estate Investment Portfolio (FRESX) has a volatility of 5.12%. 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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Volatility by Period
| DRLIX | FRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.12% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 10.03% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 13.87% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 18.78% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 20.59% | -2.95% |
DRLIX vs. FRESX - Expense Ratio Comparison
DRLIX has a 1.05% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Dividends
DRLIX vs. FRESX - Dividend Comparison
DRLIX's dividend yield for the trailing twelve months is around 2.84%, less than FRESX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRESX Fidelity Real Estate Investment Portfolio | 4.21% | 4.64% | 5.58% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.23% | 4.00% | 4.90% | 6.09% |
Frequently Asked Questions
DRLIX and FRESX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRESX has higher volatility (5.12%) compared to DRLIX (4.03%). In terms of maximum drawdown, DRLIX dropped -68.86% vs FRESX's -76.34%.
DRLIX currently has the higher Sharpe Ratio (1.04 vs 0.81), 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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