DRLIX vs. SNIEX

Last updated Jun 4, 2026

DRLIX (BNY Mellon Global Real Estate Securities Fund) and SNIEX (BNY Mellon International Equity Fund) are both mutual funds - DRLIX is a REIT fund managed by Dreyfus, while SNIEX is a Foreign Large Cap Equities fund managed by Dreyfus. Over the past 10 years, DRLIX returned 5.14%/yr vs 6.67%/yr for SNIEX. A 0.69 correlation means they provide meaningful diversification when combined. DRLIX charges 1.05%/yr vs 0.82%/yr for SNIEX.

Performance

DRLIX vs. SNIEX - 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 Equity Fund (SNIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRLIX achieves a 8.10% return, which is significantly higher than SNIEX's 6.77% return. Over the past 10 years, DRLIX has underperformed SNIEX with an annualized return of 5.14%, while SNIEX has yielded a comparatively higher 6.67% annualized return.

DRLIX

• 1D: 0.22%
• 1M: -1.71%
• YTD: 8.10%
• 6M: 7.90%
• 1Y: 12.10%
• 3Y*: 10.02%
• 5Y*: 2.40%
• 10Y*: 5.14%

SNIEX

• 1D: 0.50%
• 1M: 2.51%
• YTD: 6.77%
• 6M: 9.42%
• 1Y: 19.77%
• 3Y*: 12.90%
• 5Y*: 4.77%
• 10Y*: 6.67%

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

DRLIX vs. SNIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRLIX BNY Mellon Global Real Estate Securities Fund	8.10%	9.12%	3.21%	11.35%	-23.24%	26.95%	-2.30%	23.05%	-4.57%	11.24%
SNIEX BNY Mellon International Equity Fund	6.77%	39.57%	-7.97%	13.97%	-19.01%	7.69%	13.91%	20.39%	-17.20%	28.69%

Correlation

The correlation between DRLIX and SNIEX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007	0.69

The correlation between DRLIX and SNIEX shifts across timeframes, from 0.58 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DRLIX vs. SNIEX — Risk / Return Rank

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

DRLIX

DRLIX Risk / Return Rank: 14
DRLIX Sharpe Ratio Rank: 13
DRLIX Sortino Ratio Rank: 13
DRLIX Omega Ratio Rank: 14
DRLIX Calmar Ratio Rank: 12
DRLIX Martin Ratio Rank: 15

SNIEX

SNIEX Risk / Return Rank: 22
SNIEX Sharpe Ratio Rank: 21
SNIEX Sortino Ratio Rank: 22
SNIEX Omega Ratio Rank: 21
SNIEX Calmar Ratio Rank: 22
SNIEX Martin Ratio Rank: 22

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. SNIEX - 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 Equity Fund (SNIEX). 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.

	DRLIX	SNIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.31	-0.30
Sortino ratio: Return per unit of downside risk	1.44	1.95	-0.50
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.16	1.73	-0.57
Martin ratio: Return relative to average drawdown	4.33	5.71	-1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRLIX vs. SNIEX - Sharpe Ratio Comparison

The current DRLIX Sharpe Ratio is 1.01, which is comparable to the SNIEX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of DRLIX and SNIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRLIX	SNIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.31	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.18	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.30	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.21	-0.04

Drawdowns

DRLIX vs. SNIEX - Drawdown Comparison

The maximum DRLIX drawdown since its inception was -68.86%, which is greater than SNIEX's maximum drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for DRLIX and SNIEX.

Drawdown Indicators

	DRLIX	SNIEX	Difference
Max Drawdown Largest peak-to-trough decline	-68.86%	-56.96%	-11.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-11.22%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-35.87%	+18.32%
Max Drawdown (5Y) Largest decline over 5 years	-31.86%	-35.87%	+4.01%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-36.74%	-5.08%
Current Drawdown Current decline from peak	-3.56%	-3.44%	-0.12%
Average Drawdown Average peak-to-trough decline	-14.35%	-15.49%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.39%	-0.68%

Volatility

DRLIX vs. SNIEX - Volatility Comparison

The current volatility for BNY Mellon Global Real Estate Securities Fund (DRLIX) is 3.70%, while BNY Mellon International Equity Fund (SNIEX) has a volatility of 4.42%. This indicates that DRLIX experiences smaller price fluctuations and is considered to be less risky than SNIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLIX	SNIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.42%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	12.04%	-3.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	14.81%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	26.49%	-10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	22.28%	-4.65%

DRLIX vs. SNIEX - Expense Ratio Comparison

DRLIX has a 1.05% expense ratio, which is higher than SNIEX's 0.82% expense ratio.

Dividends

DRLIX vs. SNIEX - Dividend Comparison

DRLIX's dividend yield for the trailing twelve months is around 2.87%, less than SNIEX's 17.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRLIX BNY Mellon Global Real Estate Securities Fund	2.87%	3.11%	2.08%	1.70%	7.68%	8.25%	1.47%	11.17%	4.63%	4.72%	5.73%	5.40%
SNIEX BNY Mellon International Equity Fund	17.62%	18.82%	38.06%	7.05%	3.67%	3.35%	1.51%	2.55%	2.26%	1.34%	1.40%	1.13%

Frequently Asked Questions

Can I hold both DRLIX and SNIEX in my portfolio?

DRLIX and SNIEX have a correlation of 0.58, 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 SNIEX?

SNIEX has higher volatility (4.42%) compared to DRLIX (3.70%). In terms of maximum drawdown, DRLIX dropped -68.86% vs SNIEX's -56.96%.

Which has better risk-adjusted returns?

SNIEX currently has the higher Sharpe Ratio (1.31 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.