DCPYX vs. DNLAX

Last updated Jun 5, 2026

DCPYX (BNY Mellon Core Plus Fund) and DNLAX (BNY Mellon Natural Resources Fund Class A) are both mutual funds - DCPYX is a Intermediate Core-Plus Bond fund managed by BNY Mellon, while DNLAX is a Energy Equities fund managed by BNY Mellon. Over the past 10 years, DCPYX returned 1.83%/yr vs 13.98%/yr for DNLAX. At a correlation of -0.08, they often move in opposite directions. DCPYX charges 0.40%/yr vs 1.14%/yr for DNLAX.

Performance

DCPYX vs. DNLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Plus Fund (DCPYX) and BNY Mellon Natural Resources Fund Class A (DNLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCPYX achieves a 0.56% return, which is significantly lower than DNLAX's 27.33% return. Over the past 10 years, DCPYX has underperformed DNLAX with an annualized return of 1.83%, while DNLAX has yielded a comparatively higher 13.98% annualized return.

DCPYX

• 1D: -0.22%
• 1M: 0.28%
• YTD: 0.56%
• 6M: 0.67%
• 1Y: 4.96%
• 3Y*: 4.18%
• 5Y*: 0.13%
• 10Y*: 1.83%

DNLAX

• 1D: -0.27%
• 1M: 1.73%
• YTD: 27.33%
• 6M: 29.36%
• 1Y: 54.48%
• 3Y*: 16.67%
• 5Y*: 16.05%
• 10Y*: 13.98%

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

DCPYX vs. DNLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCPYX BNY Mellon Core Plus Fund	0.56%	7.04%	1.39%	6.14%	-13.87%	-1.00%	9.80%	11.19%	-0.80%	2.13%
DNLAX BNY Mellon Natural Resources Fund Class A	27.33%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%

Correlation

The correlation between DCPYX and DNLAX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010	-0.08

The correlation between DCPYX and DNLAX shifts across timeframes, from -0.08 (all time) to 0.07 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DCPYX vs. DNLAX — Risk / Return Rank

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

DCPYX

DCPYX Risk / Return Rank: 25
DCPYX Sharpe Ratio Rank: 26
DCPYX Sortino Ratio Rank: 28
DCPYX Omega Ratio Rank: 25
DCPYX Calmar Ratio Rank: 25
DCPYX Martin Ratio Rank: 23

DNLAX

DNLAX Risk / Return Rank: 87
DNLAX Sharpe Ratio Rank: 90
DNLAX Sortino Ratio Rank: 80
DNLAX Omega Ratio Rank: 75
DNLAX Calmar Ratio Rank: 97
DNLAX Martin Ratio Rank: 95

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.

DCPYX vs. DNLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus Fund (DCPYX) and BNY Mellon Natural Resources Fund Class A (DNLAX). 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.

	DCPYX	DNLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.98	-1.56
Sortino ratio: Return per unit of downside risk	2.15	3.83	-1.68
Omega ratio: Gain probability vs. loss probability	1.25	1.49	-0.24
Calmar ratio: Return relative to maximum drawdown	1.78	7.20	-5.41
Martin ratio: Return relative to average drawdown	5.50	22.69	-17.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCPYX vs. DNLAX - Sharpe Ratio Comparison

The current DCPYX Sharpe Ratio is 1.42, which is lower than the DNLAX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of DCPYX and DNLAX, 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

	DCPYX	DNLAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	2.98	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.63	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.55	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.37	-0.08

Drawdowns

DCPYX vs. DNLAX - Drawdown Comparison

The maximum DCPYX drawdown since its inception was -19.42%, smaller than the maximum DNLAX drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for DCPYX and DNLAX.

Drawdown Indicators

	DCPYX	DNLAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.42%	-69.14%	+49.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-7.51%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.47%	-32.37%	+25.90%
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	-32.37%	+12.95%
Max Drawdown (10Y) Largest decline over 10 years	-19.42%	-54.45%	+35.03%
Current Drawdown Current decline from peak	-1.53%	-0.27%	-1.26%
Average Drawdown Average peak-to-trough decline	-4.96%	-21.55%	+16.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	2.38%	-1.35%

Volatility

DCPYX vs. DNLAX - Volatility Comparison

The current volatility for BNY Mellon Core Plus Fund (DCPYX) is 1.36%, while BNY Mellon Natural Resources Fund Class A (DNLAX) has a volatility of 4.61%. This indicates that DCPYX experiences smaller price fluctuations and is considered to be less risky than DNLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCPYX	DNLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	4.61%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	2.79%	13.49%	-10.70%
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	18.15%	-14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.82%	25.65%	-19.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.88%	25.50%	-20.62%

DCPYX vs. DNLAX - Expense Ratio Comparison

DCPYX has a 0.40% expense ratio, which is lower than DNLAX's 1.14% expense ratio.

Dividends

DCPYX vs. DNLAX - Dividend Comparison

DCPYX's dividend yield for the trailing twelve months is around 4.44%, more than DNLAX's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCPYX BNY Mellon Core Plus Fund	4.44%	4.59%	3.58%	2.94%	2.74%	3.04%	2.71%	3.11%	3.25%	0.22%	0.00%	0.00%
DNLAX BNY Mellon Natural Resources Fund Class A	1.72%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%

Frequently Asked Questions

Can I hold both DCPYX and DNLAX in my portfolio?

DCPYX and DNLAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCPYX or DNLAX?

DNLAX has higher volatility (4.61%) compared to DCPYX (1.36%). In terms of maximum drawdown, DCPYX dropped -19.42% vs DNLAX's -69.14%.

Which has better risk-adjusted returns?

DNLAX currently has the higher Sharpe Ratio (2.98 vs 1.42), 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.