ADPV vs. DREVX

Last updated Jun 24, 2026

ADPV (Adaptiv Select ETF) and DREVX (BNY Mellon Large Cap Securities Fund) are both funds - ADPV is a Large Cap Blend Equities fund actively managed by Adaptiv, while DREVX is a Large Cap Growth Equities fund managed by BNY Mellon. Over the past 3 years, ADPV returned 26.59%/yr vs 21.22%/yr for DREVX. A 0.62 correlation means they provide meaningful diversification when combined. ADPV charges 1.00%/yr vs 0.70%/yr for DREVX.

Performance

ADPV vs. DREVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptiv Select ETF (ADPV) and BNY Mellon Large Cap Securities Fund (DREVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADPV achieves a 11.09% return, which is significantly higher than DREVX's 7.10% return.

ADPV

• 1D: -2.36%
• 1M: 3.30%
• YTD: 11.09%
• 6M: 7.18%
• 1Y: 34.24%
• 3Y*: 26.59%
• 5Y*: —
• 10Y*: —

DREVX

• 1D: -0.43%
• 1M: 1.32%
• YTD: 7.10%
• 6M: 6.07%
• 1Y: 21.74%
• 3Y*: 21.22%
• 5Y*: 14.14%
• 10Y*: 16.20%

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

ADPV vs. DREVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ADPV Adaptiv Select ETF	11.09%	21.19%	43.88%	-0.62%	0.43%
DREVX BNY Mellon Large Cap Securities Fund	7.10%	16.70%	27.17%	31.07%	3.15%

Correlation

The correlation between ADPV and DREVX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.62

The correlation between ADPV and DREVX has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

Return for Risk

ADPV vs. DREVX — Risk / Return Rank

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

ADPV

ADPV Risk / Return Rank: 43
ADPV Sharpe Ratio Rank: 41
ADPV Sortino Ratio Rank: 38
ADPV Omega Ratio Rank: 38
ADPV Calmar Ratio Rank: 52
ADPV Martin Ratio Rank: 46

DREVX

DREVX Risk / Return Rank: 35
DREVX Sharpe Ratio Rank: 36
DREVX Sortino Ratio Rank: 33
DREVX Omega Ratio Rank: 33
DREVX Calmar Ratio Rank: 32
DREVX Martin Ratio Rank: 41

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.

ADPV vs. DREVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptiv Select ETF (ADPV) and BNY Mellon Large Cap Securities Fund (DREVX). 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.

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.

	ADPV	DREVX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.61	-0.23
Sortino ratio: Return per unit of downside risk	1.89	2.22	-0.33
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	2.48	2.00	+0.48
Martin ratio: Return relative to average drawdown	7.30	8.27	-0.97

ADPV vs. DREVX - Sharpe Ratio Comparison

The current ADPV Sharpe Ratio is 1.38, which is comparable to the DREVX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of ADPV and DREVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADPV vs. DREVX - Drawdown Comparison

The maximum ADPV drawdown since its inception was -22.30%, smaller than the maximum DREVX drawdown of -54.68%. Use the drawdown chart below to compare losses from any high point for ADPV and DREVX.

Drawdown Indicators

	ADPV	DREVX	Difference
Max Drawdown Largest peak-to-trough decline	-22.30%	-54.68%	+32.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-11.41%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-22.30%	-22.52%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.25%	—
Current Drawdown Current decline from peak	-2.48%	-0.81%	-1.67%
Average Drawdown Average peak-to-trough decline	-5.41%	-13.00%	+7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	2.75%	+1.95%

Volatility

ADPV vs. DREVX - Volatility Comparison

Adaptiv Select ETF (ADPV) has a higher volatility of 7.84% compared to BNY Mellon Large Cap Securities Fund (DREVX) at 5.59%. This indicates that ADPV's price experiences larger fluctuations and is considered to be riskier than DREVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADPV	DREVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	5.59%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	17.59%	11.14%	+6.45%
Volatility (1Y) Calculated over the trailing 1-year period	24.88%	14.20%	+10.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.02%	18.80%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	19.01%	+2.01%

ADPV vs. DREVX - Expense Ratio Comparison

ADPV has a 1.00% expense ratio, which is higher than DREVX's 0.70% expense ratio.

Dividends

ADPV vs. DREVX - Dividend Comparison

ADPV's dividend yield for the trailing twelve months is around 0.63%, less than DREVX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADPV Adaptiv Select ETF	0.63%	0.70%	0.67%	0.22%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DREVX BNY Mellon Large Cap Securities Fund	9.87%	12.89%	8.77%	5.12%	4.82%	11.43%	6.28%	6.74%	9.01%	9.11%	8.71%	11.24%

Frequently Asked Questions

Can I hold both ADPV and DREVX in my portfolio?

ADPV and DREVX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADPV or DREVX?

ADPV has higher volatility (7.84%) compared to DREVX (5.59%). In terms of maximum drawdown, ADPV dropped -22.30% vs DREVX's -54.68%.

Which has better risk-adjusted returns?

DREVX currently has the higher Sharpe Ratio (1.61 vs 1.38), 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.