DRLIX vs. VGSNX

Last updated Jun 4, 2026

DRLIX (BNY Mellon Global Real Estate Securities Fund) and VGSNX (Vanguard Real Estate Index Fund Institutional Shares) are both REIT funds. Over the past 10 years, DRLIX returned 5.14%/yr vs 5.22%/yr for VGSNX. Their correlation of 0.89 suggests significant overlap in exposure. DRLIX charges 1.05%/yr vs 0.10%/yr for VGSNX.

Performance

DRLIX vs. VGSNX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DRLIX having a 8.10% return and VGSNX slightly lower at 7.95%. Both investments have delivered pretty close results over the past 10 years, with DRLIX having a 5.14% annualized return and VGSNX not far ahead at 5.22%.

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%

VGSNX

• 1D: 0.44%
• 1M: -0.96%
• YTD: 7.95%
• 6M: 6.90%
• 1Y: 10.16%
• 3Y*: 9.20%
• 5Y*: 2.22%
• 10Y*: 5.22%

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

DRLIX vs. VGSNX - 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%
VGSNX Vanguard Real Estate Index Fund Institutional Shares	7.95%	3.21%	3.72%	13.12%	-26.19%	40.46%	-4.76%	28.98%	-5.97%	4.90%

Correlation

The correlation between DRLIX and VGSNX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007	0.89

The correlation between DRLIX and VGSNX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

DRLIX vs. VGSNX — 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

VGSNX

VGSNX Risk / Return Rank: 10
VGSNX Sharpe Ratio Rank: 9
VGSNX Sortino Ratio Rank: 9
VGSNX Omega Ratio Rank: 9
VGSNX Calmar Ratio Rank: 12
VGSNX Martin Ratio Rank: 13

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. VGSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Real Estate Securities Fund (DRLIX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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	VGSNX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.75	+0.26
Sortino ratio: Return per unit of downside risk	1.44	1.11	+0.34
Omega ratio: Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio: Return relative to maximum drawdown	1.16	1.19	-0.03
Martin ratio: Return relative to average drawdown	4.33	3.75	+0.58
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. VGSNX - Sharpe Ratio Comparison

The current DRLIX Sharpe Ratio is 1.01, which is higher than the VGSNX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of DRLIX and VGSNX, 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	VGSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.75	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.12	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.25	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.28	-0.10

Drawdowns

DRLIX vs. VGSNX - Drawdown Comparison

The maximum DRLIX drawdown since its inception was -68.86%, smaller than the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for DRLIX and VGSNX.

Drawdown Indicators

	DRLIX	VGSNX	Difference
Max Drawdown Largest peak-to-trough decline	-68.86%	-73.06%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-8.34%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-17.41%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-31.86%	-34.39%	+2.53%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-42.30%	+0.48%
Current Drawdown Current decline from peak	-3.56%	-3.52%	-0.04%
Average Drawdown Average peak-to-trough decline	-14.35%	-13.29%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.64%	+0.07%

Volatility

DRLIX vs. VGSNX - Volatility Comparison

BNY Mellon Global Real Estate Securities Fund (DRLIX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX) have volatilities of 3.70% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLIX	VGSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.75%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	9.32%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	13.16%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	18.87%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	20.91%	-3.28%

DRLIX vs. VGSNX - Expense Ratio Comparison

DRLIX has a 1.05% expense ratio, which is higher than VGSNX's 0.10% expense ratio.

Dividends

DRLIX vs. VGSNX - Dividend Comparison

DRLIX's dividend yield for the trailing twelve months is around 2.87%, less than VGSNX's 3.71% 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%
VGSNX Vanguard Real Estate Index Fund Institutional Shares	3.71%	3.94%	3.87%	3.93%	3.94%	2.57%	3.95%	3.40%	4.75%	4.26%	4.84%	3.94%

Frequently Asked Questions

Can I hold both DRLIX and VGSNX in my portfolio?

With a correlation of 0.91, DRLIX and VGSNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DRLIX or VGSNX?

VGSNX has higher volatility (3.75%) compared to DRLIX (3.70%). In terms of maximum drawdown, DRLIX dropped -68.86% vs VGSNX's -73.06%.

Which has better risk-adjusted returns?

DRLIX currently has the higher Sharpe Ratio (1.01 vs 0.75), 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.