BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX)
The investment seeks as high a level of current income exempt from federal, New York state and New York city income taxes as is consistent with the preservation of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York city income taxes. It may invest up to 20% of its assets in municipal bonds rated below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the advisor.
Fund Info
US05589N1072
05589N107
Jul 25, 1983
$2,500
Expense Ratio
DRNYX has an expense ratio of 0.73%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
DRNYX
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^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DRNYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.23% | 0.07% | 0.08% | -1.03% | 1.03% | 0.37% | |||||||
| 2023 | 2.96% | -2.07% | 1.89% | -0.30% | -0.21% | 0.82% | 0.23% | -1.18% | -2.79% | -1.38% | 6.01% | 1.94% | 5.77% |
| 2022 | -2.72% | -0.69% | -3.02% | -2.92% | 1.41% | -2.10% | 2.45% | -2.23% | -3.65% | -1.00% | 4.71% | -0.30% | -9.94% |
| 2021 | 0.79% | -1.51% | 0.70% | 0.94% | 0.45% | 0.48% | 0.66% | -0.44% | -0.79% | -0.27% | 0.87% | 0.14% | 1.99% |
| 2020 | 1.76% | 1.38% | -4.32% | -1.95% | 2.94% | 1.17% | 1.36% | -0.38% | -0.19% | -0.20% | 1.62% | 0.88% | 3.95% |
| 2019 | 0.74% | 0.50% | 1.48% | 0.33% | 1.40% | 0.28% | 0.79% | 1.76% | -0.82% | -0.10% | 0.15% | 0.30% | 7.00% |
| 2018 | -0.87% | -0.59% | 0.18% | -0.49% | 1.23% | 0.17% | 0.12% | 0.11% | -0.80% | -0.77% | 0.75% | 1.10% | 0.10% |
| 2017 | 0.62% | 0.65% | 0.33% | 0.65% | 1.57% | -0.15% | 0.59% | 0.72% | -0.37% | 0.12% | -0.64% | 0.98% | 5.16% |
| 2016 | 1.05% | 0.01% | 0.54% | 0.85% | 0.34% | 1.69% | -0.28% | 0.20% | -0.47% | -1.13% | -3.74% | 1.02% | -0.04% |
| 2015 | 1.82% | -1.13% | 0.29% | -0.59% | -0.27% | -0.25% | 0.90% | 0.35% | 0.54% | 0.47% | 0.53% | 0.94% | 3.62% |
| 2014 | 1.81% | 1.19% | 0.11% | 1.33% | 1.46% | -0.11% | 0.09% | 1.24% | 0.07% | 0.69% | 0.05% | 0.71% | 8.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRNYX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
| Period | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.36 | $0.40 | $0.39 | $0.42 | $0.44 | $0.44 | $0.46 | $0.49 | $0.52 |
Dividend yield | 2.70% | 2.73% | 2.62% | 2.56% | 2.78% | 3.03% | 2.96% | 3.16% | 3.24% | 3.46% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon New York Tax Exempt Bond Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.14 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.44 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.52 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon New York Tax Exempt Bond Fund, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon New York Tax Exempt Bond Fund, Inc. was 14.64%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.64% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -14.1% | Mar 6, 1987 | 156 | Oct 15, 1987 | 228 | Sep 8, 1988 | 384 |
| -12.17% | Feb 1, 1994 | 204 | Nov 21, 1994 | 121 | May 16, 1995 | 325 |
| -12.06% | Jan 24, 2008 | 186 | Oct 16, 2008 | 128 | Apr 22, 2009 | 314 |
| -11.19% | Mar 10, 2020 | 9 | Mar 20, 2020 | 184 | Dec 10, 2020 | 193 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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