DCPYX vs. GC=F
DCPYX (BNY Mellon Core Plus Fund) is Intermediate Core-Plus Bond fund managed by BNY Mellon, while GC=F (Gold Futures) is an asset. Over the past 10 years, DCPYX returned 1.55%/yr vs 11.90%/yr for GC=F. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
DCPYX vs. GC=F - Performance Comparison
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Returns By Period
In the year-to-date period, DCPYX achieves a -0.72% return, which is significantly higher than GC=F's -4.93% return. Over the past 10 years, DCPYX has underperformed GC=F with an annualized return of 1.55%, while GC=F has yielded a comparatively higher 11.90% annualized return.
DCPYX
- 1D
- -0.22%
- 1M
- -1.74%
- 6M
- -1.07%
- YTD
- -0.72%
- 1Y
- 1.73%
- 3Y*
- 3.81%
- 5Y*
- -0.50%
- 10Y*
- 1.55%
- ALL TIME*
- 1.15%
GC=F
- 1D
- 1.57%
- 1M
- 0.00%
- 6M
- -11.03%
- YTD
- -4.93%
- 1Y
- 22.85%
- 3Y*
- 28.47%
- 5Y*
- 17.83%
- 10Y*
- 11.90%
- ALL TIME*
- 11.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GC=F Gold Futures | $52.60M | $26.07M | $18.53M |
DCPYX vs. GC=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCPYX BNY Mellon Core Plus Fund | -0.72% | 7.04% | 1.39% | 6.14% | -13.87% | -1.00% | 9.80% | 11.19% | -0.80% | 2.13% |
GC=F Gold Futures | -4.93% | 64.52% | 27.48% | 13.34% | -0.43% | -3.47% | 24.59% | 18.87% | -2.14% | 13.59% |
Correlation
The correlation between DCPYX and GC=F is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.24 |
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Return for Risk
DCPYX vs. GC=F — Risk / Return Rank
DCPYX
GC=F
DCPYX vs. GC=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus Fund (DCPYX) and Gold Futures (GC=F). 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.
| DCPYX | GC=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.92 | -0.13 |
| Martin ratioReturn relative to average drawdown | 2.14 | 2.01 | +0.13 |
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Drawdowns
DCPYX vs. GC=F - Drawdown Comparison
The maximum DCPYX drawdown since its inception was -19.42%, smaller than the maximum GC=F drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for DCPYX and GC=F.
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Drawdown Indicators
| DCPYX | GC=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -44.36% | +24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -25.06% | +21.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.55% | -25.06% | +19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -25.06% | +5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -25.06% | +5.64% |
Current DrawdownCurrent decline from peak | -2.79% | -22.67% | +19.88% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -13.58% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 11.41% | -10.23% |
Volatility
DCPYX vs. GC=F - Volatility Comparison
The current volatility for BNY Mellon Core Plus Fund (DCPYX) is 0.98%, while Gold Futures (GC=F) has a volatility of 6.37%. This indicates that DCPYX experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCPYX | GC=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 6.37% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 20.23% | -17.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 28.23% | -24.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 18.68% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 16.68% | -11.79% |
Frequently Asked Questions
DCPYX and GC=F have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GC=F has higher volatility (6.37%) compared to DCPYX (0.98%). In terms of maximum drawdown, DCPYX dropped -19.42% vs GC=F's -44.36%.
GC=F currently has the higher Sharpe Ratio (0.81 vs 0.66), 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.
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