DBOCX vs. BRUFX

Last updated Jul 2, 2026

DBOCX (BNY Mellon Balanced Opportunity Fund Class C) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 10 years, DBOCX returned 7.68%/yr vs 7.66%/yr for BRUFX. A 0.65 correlation means they provide meaningful diversification when combined. DBOCX charges 1.90%/yr vs 0.68%/yr for BRUFX.

Performance

DBOCX vs. BRUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Balanced Opportunity Fund Class C (DBOCX) and Bruce Fund (BRUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBOCX achieves a 4.64% return, which is significantly lower than BRUFX's 15.20% return. Both investments have delivered pretty close results over the past 10 years, with DBOCX having a 7.68% annualized return and BRUFX not far behind at 7.66%.

DBOCX

• 1D: 0.28%
• 1M: -0.16%
• 6M: 4.64%
• YTD: 4.64%
• 1Y: 11.69%
• 3Y*: 10.80%
• 5Y*: 5.56%
• 10Y*: 7.68%

BRUFX

• 1D: -0.96%
• 1M: 5.03%
• 6M: 15.20%
• YTD: 15.20%
• 1Y: 26.36%
• 3Y*: 12.42%
• 5Y*: 5.83%
• 10Y*: 7.66%

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

DBOCX vs. BRUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBOCX BNY Mellon Balanced Opportunity Fund Class C	4.64%	11.80%	10.69%	16.12%	-16.55%	13.96%	9.51%	19.16%	-4.89%	10.67%
BRUFX Bruce Fund	15.20%	14.89%	4.45%	-0.74%	-8.80%	17.35%	12.06%	22.42%	-3.99%	12.48%

Correlation

The correlation between DBOCX and BRUFX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.65

The correlation between DBOCX and BRUFX shifts across timeframes, from 0.51 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DBOCX vs. BRUFX — Risk / Return Rank

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

DBOCX

DBOCX Risk / Return Rank: 32
DBOCX Sharpe Ratio Rank: 31
DBOCX Sortino Ratio Rank: 29
DBOCX Omega Ratio Rank: 32
DBOCX Calmar Ratio Rank: 27
DBOCX Martin Ratio Rank: 40

BRUFX

BRUFX Risk / Return Rank: 88
BRUFX Sharpe Ratio Rank: 90
BRUFX Sortino Ratio Rank: 87
BRUFX Omega Ratio Rank: 83
BRUFX Calmar Ratio Rank: 87
BRUFX 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.

DBOCX vs. BRUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Balanced Opportunity Fund Class C (DBOCX) and Bruce Fund (BRUFX). 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.

	DBOCX	BRUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.58	-1.30
Sortino ratio: Return per unit of downside risk	1.79	3.65	-1.86
Omega ratio: Gain probability vs. loss probability	1.24	1.45	-0.21
Calmar ratio: Return relative to maximum drawdown	1.53	3.63	-2.09
Martin ratio: Return relative to average drawdown	7.24	16.09	-8.85

DBOCX vs. BRUFX - Sharpe Ratio Comparison

The current DBOCX Sharpe Ratio is 1.28, which is lower than the BRUFX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of DBOCX and BRUFX, 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

DBOCX vs. BRUFX - Drawdown Comparison

The maximum DBOCX drawdown since its inception was -43.06%, roughly equal to the maximum BRUFX drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for DBOCX and BRUFX.

Drawdown Indicators

	DBOCX	BRUFX	Difference
Max Drawdown Largest peak-to-trough decline	-43.06%	-44.50%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-7.67%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-13.61%	-9.66%	-3.95%
Max Drawdown (5Y) Largest decline over 5 years	-22.71%	-17.91%	-4.80%
Max Drawdown (10Y) Largest decline over 10 years	-26.54%	-25.44%	-1.10%
Current Drawdown Current decline from peak	-0.62%	-0.96%	+0.34%
Average Drawdown Average peak-to-trough decline	-5.41%	-9.05%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.73%	-0.12%

Volatility

DBOCX vs. BRUFX - Volatility Comparison

BNY Mellon Balanced Opportunity Fund Class C (DBOCX) and Bruce Fund (BRUFX) have volatilities of 3.67% and 3.61%, 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

	DBOCX	BRUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.61%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	8.44%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	9.11%	10.80%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	10.58%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.28%	11.64%	+0.64%

DBOCX vs. BRUFX - Expense Ratio Comparison

DBOCX has a 1.90% expense ratio, which is higher than BRUFX's 0.68% expense ratio.

Dividends

DBOCX vs. BRUFX - Dividend Comparison

DBOCX's dividend yield for the trailing twelve months is around 6.94%, more than BRUFX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRUFX Bruce Fund	5.51%	6.35%	5.01%	6.46%	13.31%	9.25%	5.83%	2.03%	2.49%	4.11%	6.26%	4.63%
DBOCX BNY Mellon Balanced Opportunity Fund Class C	6.94%	7.26%	4.79%	4.33%	4.90%	12.16%	3.26%	2.62%	8.78%	4.06%	0.32%	5.07%

Frequently Asked Questions

Can I hold both DBOCX and BRUFX in my portfolio?

DBOCX and BRUFX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBOCX or BRUFX?

DBOCX has higher volatility (3.67%) compared to BRUFX (3.61%). In terms of maximum drawdown, DBOCX dropped -43.06% vs BRUFX's -44.50%.

Which has better risk-adjusted returns?

BRUFX currently has the higher Sharpe Ratio (2.58 vs 1.28), 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.