DAGVX vs. TILVX

Last updated Jun 26, 2026

DAGVX (BNY Mellon Dynamic Value Fund) and TILVX (TIAA-CREF Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 10 years, DAGVX returned 14.03%/yr vs 11.48%/yr for TILVX. With a 0.96 correlation, they move nearly in lockstep. DAGVX charges 0.93%/yr vs 0.05%/yr for TILVX.

Performance

DAGVX vs. TILVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value Fund (DAGVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DAGVX having a 14.79% return and TILVX slightly higher at 15.48%. Over the past 10 years, DAGVX has outperformed TILVX with an annualized return of 14.03%, while TILVX has yielded a comparatively lower 11.48% annualized return.

DAGVX

• 1D: 0.04%
• 1M: 1.28%
• YTD: 14.79%
• 6M: 13.40%
• 1Y: 27.99%
• 3Y*: 19.59%
• 5Y*: 13.66%
• 10Y*: 14.03%

TILVX

• 1D: 0.06%
• 1M: 1.51%
• YTD: 15.48%
• 6M: 14.25%
• 1Y: 28.07%
• 3Y*: 18.56%
• 5Y*: 10.88%
• 10Y*: 11.48%

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

DAGVX vs. TILVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAGVX BNY Mellon Dynamic Value Fund	14.79%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%
TILVX TIAA-CREF Large-Cap Value Index Fund	15.48%	15.81%	14.26%	11.49%	-7.57%	25.05%	2.90%	26.48%	-8.38%	10.93%

Correlation

The correlation between DAGVX and TILVX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002	0.96

The correlation between DAGVX and TILVX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

DAGVX vs. TILVX — Risk / Return Rank

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

DAGVX

DAGVX Risk / Return Rank: 82
DAGVX Sharpe Ratio Rank: 80
DAGVX Sortino Ratio Rank: 78
DAGVX Omega Ratio Rank: 74
DAGVX Calmar Ratio Rank: 91
DAGVX Martin Ratio Rank: 90

TILVX

TILVX Risk / Return Rank: 86
TILVX Sharpe Ratio Rank: 86
TILVX Sortino Ratio Rank: 84
TILVX Omega Ratio Rank: 80
TILVX Calmar Ratio Rank: 90
TILVX Martin Ratio Rank: 93

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.

DAGVX vs. TILVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value Fund (DAGVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX). 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.

	DAGVX	TILVX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.44	-0.20
Sortino ratio: Return per unit of downside risk	3.13	3.42	-0.29
Omega ratio: Gain probability vs. loss probability	1.40	1.44	-0.04
Calmar ratio: Return relative to maximum drawdown	4.13	4.05	+0.08
Martin ratio: Return relative to average drawdown	15.10	16.80	-1.70

DAGVX vs. TILVX - Sharpe Ratio Comparison

The current DAGVX Sharpe Ratio is 2.24, which is comparable to the TILVX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of DAGVX and TILVX, 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

DAGVX vs. TILVX - Drawdown Comparison

The maximum DAGVX drawdown since its inception was -55.04%, smaller than the maximum TILVX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for DAGVX and TILVX.

Drawdown Indicators

	DAGVX	TILVX	Difference
Max Drawdown Largest peak-to-trough decline	-55.04%	-60.05%	+5.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-6.80%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-15.58%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-19.00%	+2.04%
Max Drawdown (10Y) Largest decline over 10 years	-42.62%	-40.15%	-2.47%
Current Drawdown Current decline from peak	-0.99%	-1.10%	+0.11%
Average Drawdown Average peak-to-trough decline	-7.63%	-8.24%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.63%	+0.20%

Volatility

DAGVX vs. TILVX - Volatility Comparison

BNY Mellon Dynamic Value Fund (DAGVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX) have volatilities of 4.28% and 4.11%, 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

	DAGVX	TILVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.11%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	8.75%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	11.32%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	14.86%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	17.64%	+1.15%

DAGVX vs. TILVX - Expense Ratio Comparison

DAGVX has a 0.93% expense ratio, which is higher than TILVX's 0.05% expense ratio.

Dividends

DAGVX vs. TILVX - Dividend Comparison

DAGVX's dividend yield for the trailing twelve months is around 5.82%, more than TILVX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.82%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
TILVX TIAA-CREF Large-Cap Value Index Fund	5.16%	5.96%	3.04%	4.90%	4.57%	3.77%	2.26%	7.05%	4.68%	2.01%	3.14%	4.24%

Frequently Asked Questions

Can I hold both DAGVX and TILVX in my portfolio?

With a correlation of 0.96, DAGVX and TILVX 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, DAGVX or TILVX?

DAGVX has higher volatility (4.28%) compared to TILVX (4.11%). In terms of maximum drawdown, DAGVX dropped -55.04% vs TILVX's -60.05%.

Which has better risk-adjusted returns?

TILVX currently has the higher Sharpe Ratio (2.44 vs 2.24), 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.