- ISIN
- US26203H4092
- CUSIP
- 26203H409
- Issuer
- T. Rowe Price
- Inception Date
- Sep 30, 2008
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DWOIX Performance Chart
BNY Mellon Research Growth Fund, Inc. (DWOIX) is up 7.5% since the beginning of the year. DWOIX is currently trading at $22 per share. Investors who bought $1,000 worth of DWOIX shares 5 years ago would now be looking at an investment worth $1,724.
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Returns By Period
BNY Mellon Research Growth Fund, Inc. (DWOIX) has returned 7.54% so far this year and 25.05% over the past 12 months. Looking at the last ten years, DWOIX has achieved an annualized return of 16.56%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
BNY Mellon Research Growth Fund, Inc.
- 1D
- 1.94%
- 1M
- 0.47%
- YTD
- 7.54%
- 6M
- 7.17%
- 1Y
- 25.05%
- 3Y*
- 21.64%
- 5Y*
- 11.51%
- 10Y*
- 16.56%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DWOIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2008, DWOIX's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +16.1%, while the worst month was Oct 2008 at -16.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DWOIX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.05% | -3.84% | -5.66% | 12.82% | 5.90% | -0.83% | 7.54% | ||||||
| 2025 | 2.81% | -6.10% | -10.13% | 1.88% | 9.50% | 7.68% | 4.00% | 0.63% | 2.72% | 5.02% | -1.86% | -0.39% | 15.02% |
| 2024 | 1.69% | 6.28% | 3.63% | -4.04% | 4.94% | 5.40% | -3.70% | 1.00% | 2.66% | 0.36% | 7.89% | 4.16% | 33.86% |
| 2023 | 11.46% | -0.81% | 5.97% | 0.63% | 4.97% | 6.52% | 3.02% | -1.31% | -6.96% | -4.08% | 12.20% | 5.98% | 42.21% |
| 2022 | -10.74% | -1.74% | 4.19% | -16.13% | -3.81% | -9.35% | 12.91% | -5.29% | -10.19% | 6.97% | 4.87% | -8.02% | -33.77% |
| 2021 | -0.34% | 2.06% | -1.30% | 6.22% | -1.92% | 6.28% | 1.86% | 3.51% | -5.20% | 6.42% | -0.52% | 1.25% | 19.08% |
Benchmark Metrics
BNY Mellon Research Growth Fund, Inc. has an annualized alpha of 2.46%, beta of 1.06, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since September 30, 2008.
- This fund captured 112.37% of S&P 500 Index gains and 100.01% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.46% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.06 and R2 of 0.89, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.46%
- Beta
- 1.06
- R²
- 0.89
- Upside Capture
- 112.37%
- Downside Capture
- 100.01%
Expense Ratio
DWOIX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DWOIX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNY Mellon Research Growth Fund, Inc. (DWOIX) and compare them to S&P 500 Index.
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.
| DWOIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.78 | -1.15 |
| Martin ratioReturn relative to average drawdown | 5.90 | 12.44 | -6.54 |
Dividends
Dividend History
BNY Mellon Research Growth Fund, Inc. provided a 14.51% dividend yield over the last twelve months, with an annual payout of $3.12 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.12 | $3.12 | $1.92 | $0.61 | $1.96 | $3.06 | $2.22 | $1.51 | $2.49 | $1.48 | $0.80 | $0.96 |
Dividend yield | 14.51% | 15.61% | 9.46% | 3.66% | 16.15% | 14.40% | 10.82% | 9.94% | 19.19% | 9.73% | 5.89% | 6.88% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Research Growth 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.07 | $3.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $1.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $3.06 |
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 Research Growth 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 Research Growth Fund, Inc. was 38.50%, occurring on Oct 14, 2022. Recovery took 357 trading sessions.
The current BNY Mellon Research Growth Fund, Inc. drawdown is 1.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.50%Oct 2022 | 11mo 1d | 1y 5mo | 2y 4moNov 2021 - Mar 2024 |
Financial crisis2007–2009 | -34.52%Mar 2009 | 5mo 9d | 6mo 10d | 11mo 19dOct 2008 - Sep 2009 |
COVID crash2020 | -31.29%Mar 2020 | 1mo 2d | 2mo 12d | 3mo 14dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.54%Apr 2025 | 2mo 14d | 3mo 10d | 5mo 24dJan 2025 - Jul 2025 |
Rate-hike selloffLate 2018 | -22.48%Dec 2018 | 2mo 23d | 4mo | 6mo 23dOct 2018 - Apr 2019 |
Drawdown Indicators
| DWOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -56.78% | +18.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.08% | -9.10% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -18.90% | -8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -38.50% | -25.43% | -13.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -33.92% | -4.58% |
Current DrawdownCurrent decline from peak | -1.69% | -1.80% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -10.71% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.03% | +2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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