DBMYX vs. FSMAX

Last updated Jun 4, 2026

DBMYX (BNY Mellon Small/Mid Cap Growth Fund Class Y) and FSMAX (Fidelity Extended Market Index Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, DBMYX returned 11.57%/yr vs 12.17%/yr for FSMAX. Their correlation of 0.91 suggests significant overlap in exposure. DBMYX charges 0.63%/yr vs 0.04%/yr for FSMAX.

Performance

DBMYX vs. FSMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX) and Fidelity Extended Market Index Fund (FSMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBMYX achieves a 5.23% return, which is significantly lower than FSMAX's 14.89% return. Over the past 10 years, DBMYX has underperformed FSMAX with an annualized return of 11.57%, while FSMAX has yielded a comparatively higher 12.17% annualized return.

DBMYX

• 1D: 0.22%
• 1M: 0.70%
• YTD: 5.23%
• 6M: 2.52%
• 1Y: 17.11%
• 3Y*: 12.11%
• 5Y*: 0.21%
• 10Y*: 11.57%

FSMAX

• 1D: 1.07%
• 1M: 5.80%
• YTD: 14.89%
• 6M: 13.61%
• 1Y: 30.08%
• 3Y*: 20.13%
• 5Y*: 6.91%
• 10Y*: 12.17%

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

DBMYX vs. FSMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBMYX BNY Mellon Small/Mid Cap Growth Fund Class Y	5.23%	11.94%	10.09%	15.63%	-33.11%	-4.44%	68.62%	39.27%	-1.35%	26.80%
FSMAX Fidelity Extended Market Index Fund	14.89%	11.40%	16.99%	25.36%	-26.44%	12.41%	32.28%	28.01%	-9.44%	18.04%

Correlation

The correlation between DBMYX and FSMAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.91

The correlation between DBMYX and FSMAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

DBMYX vs. FSMAX — Risk / Return Rank

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

DBMYX

DBMYX Risk / Return Rank: 11
DBMYX Sharpe Ratio Rank: 11
DBMYX Sortino Ratio Rank: 12
DBMYX Omega Ratio Rank: 11
DBMYX Calmar Ratio Rank: 10
DBMYX Martin Ratio Rank: 10

FSMAX

FSMAX Risk / Return Rank: 47
FSMAX Sharpe Ratio Rank: 41
FSMAX Sortino Ratio Rank: 39
FSMAX Omega Ratio Rank: 37
FSMAX Calmar Ratio Rank: 66
FSMAX Martin Ratio Rank: 54

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.

DBMYX vs. FSMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX) and Fidelity Extended Market Index Fund (FSMAX). 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.

	DBMYX	FSMAX	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.87	-0.98
Sortino ratio Return per unit of downside risk	1.41	2.60	-1.19
Omega ratio Gain probability vs. loss probability	1.16	1.32	-0.16
Calmar ratio Return relative to maximum drawdown	0.95	3.12	-2.17
Martin ratio Return relative to average drawdown	3.08	11.05	-7.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBMYX vs. FSMAX - Sharpe Ratio Comparison

The current DBMYX Sharpe Ratio is 0.89, which is lower than the FSMAX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of DBMYX and FSMAX, 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

	DBMYX	FSMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.87	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.31	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.40	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.46	-0.03

Drawdowns

DBMYX vs. FSMAX - Drawdown Comparison

The maximum DBMYX drawdown since its inception was -48.24%, roughly equal to the maximum FSMAX drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for DBMYX and FSMAX.

Drawdown Indicators

	DBMYX	FSMAX	Difference
Max Drawdown Largest peak-to-trough decline	-48.24%	-50.55%	+2.31%
Max Drawdown (1Y) Largest decline over 1 year	-19.58%	-10.26%	-9.32%
Max Drawdown (3Y) Largest decline over 3 years	-25.20%	-26.82%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-45.79%	-36.31%	-9.48%
Max Drawdown (10Y) Largest decline over 10 years	-48.24%	-50.55%	+2.31%
Current Drawdown Current decline from peak	-15.21%	0.00%	-15.21%
Average Drawdown Average peak-to-trough decline	-15.19%	-12.17%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	2.90%	+3.14%

Volatility

DBMYX vs. FSMAX - Volatility Comparison

BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX) has a higher volatility of 6.25% compared to Fidelity Extended Market Index Fund (FSMAX) at 4.70%. This indicates that DBMYX's price experiences larger fluctuations and is considered to be riskier than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBMYX	FSMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	4.70%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	16.39%	12.46%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	21.06%	17.17%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	22.33%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.28%	30.24%	-5.96%

DBMYX vs. FSMAX - Expense Ratio Comparison

DBMYX has a 0.63% expense ratio, which is higher than FSMAX's 0.04% expense ratio.

Dividends

DBMYX vs. FSMAX - Dividend Comparison

DBMYX's dividend yield for the trailing twelve months is around 48.64%, more than FSMAX's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBMYX BNY Mellon Small/Mid Cap Growth Fund Class Y	48.64%	51.19%	0.43%	0.00%	0.00%	8.97%	7.86%	0.00%	8.66%	9.12%	2.20%	6.55%
FSMAX Fidelity Extended Market Index Fund	0.50%	0.57%	0.48%	1.17%	1.90%	7.49%	2.14%	4.30%	6.09%	5.44%	4.85%	6.34%

Frequently Asked Questions

Can I hold both DBMYX and FSMAX in my portfolio?

With a correlation of 0.91, DBMYX and FSMAX 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, DBMYX or FSMAX?

DBMYX has higher volatility (6.25%) compared to FSMAX (4.70%). In terms of maximum drawdown, DBMYX dropped -48.24% vs FSMAX's -50.55%.

Which has better risk-adjusted returns?

FSMAX currently has the higher Sharpe Ratio (1.87 vs 0.89), 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.