PURZX vs. DLDRX

Last updated Jun 4, 2026

PURZX (PGIM Global Real Estate Fund) and DLDRX (BNY Mellon Natural Resources Fund) are both mutual funds - PURZX is a REIT fund managed by PGIM, while DLDRX is a Energy Equities fund managed by Dreyfus. Over the past 10 years, PURZX returned 4.15%/yr vs 14.27%/yr for DLDRX. A 0.52 correlation means they provide meaningful diversification when combined. PURZX charges 0.93%/yr vs 0.91%/yr for DLDRX.

Performance

PURZX vs. DLDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Global Real Estate Fund (PURZX) and BNY Mellon Natural Resources Fund (DLDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PURZX achieves a 8.43% return, which is significantly lower than DLDRX's 27.78% return. Over the past 10 years, PURZX has underperformed DLDRX with an annualized return of 4.15%, while DLDRX has yielded a comparatively higher 14.27% annualized return.

PURZX

• 1D: 0.36%
• 1M: -2.25%
• YTD: 8.43%
• 6M: 7.58%
• 1Y: 12.73%
• 3Y*: 9.90%
• 5Y*: 2.02%
• 10Y*: 4.15%

DLDRX

• 1D: 1.80%
• 1M: 2.82%
• YTD: 27.78%
• 6M: 30.19%
• 1Y: 54.55%
• 3Y*: 16.94%
• 5Y*: 16.44%
• 10Y*: 14.27%

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

PURZX vs. DLDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PURZX PGIM Global Real Estate Fund	8.43%	9.22%	3.64%	11.24%	-26.73%	27.91%	-4.39%	20.60%	-5.32%	10.36%
DLDRX BNY Mellon Natural Resources Fund	27.78%	15.04%	0.81%	1.58%	34.18%	38.30%	6.58%	16.64%	-17.57%	14.05%

Correlation

The correlation between PURZX and DLDRX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003	0.52

The correlation between PURZX and DLDRX shifts across timeframes, from 0.33 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PURZX vs. DLDRX — Risk / Return Rank

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

PURZX

PURZX Risk / Return Rank: 14
PURZX Sharpe Ratio Rank: 13
PURZX Sortino Ratio Rank: 13
PURZX Omega Ratio Rank: 13
PURZX Calmar Ratio Rank: 13
PURZX Martin Ratio Rank: 16

DLDRX

DLDRX Risk / Return Rank: 89
DLDRX Sharpe Ratio Rank: 92
DLDRX Sortino Ratio Rank: 83
DLDRX Omega Ratio Rank: 78
DLDRX Calmar Ratio Rank: 97
DLDRX Martin Ratio Rank: 96

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.

PURZX vs. DLDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and BNY Mellon Natural Resources Fund (DLDRX). 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.

	PURZX	DLDRX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	3.11	-2.10
Sortino ratio: Return per unit of downside risk	1.44	3.96	-2.52
Omega ratio: Gain probability vs. loss probability	1.18	1.51	-0.33
Calmar ratio: Return relative to maximum drawdown	1.20	7.52	-6.32
Martin ratio: Return relative to average drawdown	4.46	23.70	-19.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PURZX vs. DLDRX - Sharpe Ratio Comparison

The current PURZX Sharpe Ratio is 1.01, which is lower than the DLDRX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of PURZX and DLDRX, 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

	PURZX	DLDRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	3.11	-2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.64	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.56	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.40	-0.03

Drawdowns

PURZX vs. DLDRX - Drawdown Comparison

The maximum PURZX drawdown since its inception was -69.49%, roughly equal to the maximum DLDRX drawdown of -69.13%. Use the drawdown chart below to compare losses from any high point for PURZX and DLDRX.

Drawdown Indicators

	PURZX	DLDRX	Difference
Max Drawdown Largest peak-to-trough decline	-69.49%	-69.13%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-7.49%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.57%	-32.44%	+13.87%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-32.44%	-2.36%
Max Drawdown (10Y) Largest decline over 10 years	-41.05%	-54.24%	+13.19%
Current Drawdown Current decline from peak	-3.95%	0.00%	-3.95%
Average Drawdown Average peak-to-trough decline	-11.98%	-20.77%	+8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.37%	+0.35%

Volatility

PURZX vs. DLDRX - Volatility Comparison

The current volatility for PGIM Global Real Estate Fund (PURZX) is 3.60%, while BNY Mellon Natural Resources Fund (DLDRX) has a volatility of 4.59%. This indicates that PURZX experiences smaller price fluctuations and is considered to be less risky than DLDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PURZX	DLDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.59%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	13.47%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	18.14%	-6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	25.65%	-9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	25.49%	-8.21%

PURZX vs. DLDRX - Expense Ratio Comparison

PURZX has a 0.93% expense ratio, which is higher than DLDRX's 0.91% expense ratio.

Dividends

PURZX vs. DLDRX - Dividend Comparison

PURZX's dividend yield for the trailing twelve months is around 2.76%, more than DLDRX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLDRX BNY Mellon Natural Resources Fund	1.83%	2.33%	7.45%	12.42%	9.66%	5.07%	1.11%	2.16%	1.87%	0.63%	1.44%	1.25%
PURZX PGIM Global Real Estate Fund	2.76%	2.85%	2.68%	2.27%	2.22%	16.92%	1.71%	10.18%	4.22%	3.93%	4.67%	3.45%

Frequently Asked Questions

Can I hold both PURZX and DLDRX in my portfolio?

PURZX and DLDRX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PURZX or DLDRX?

DLDRX has higher volatility (4.59%) compared to PURZX (3.60%). In terms of maximum drawdown, PURZX dropped -69.49% vs DLDRX's -69.13%.

Which has better risk-adjusted returns?

DLDRX currently has the higher Sharpe Ratio (3.11 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.