DCPYX vs. MWIGX
DCPYX (BNY Mellon Core Plus Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, DCPYX returned 0.13%/yr vs 0.74%/yr for MWIGX. Their correlation of 0.86 suggests significant overlap in exposure. DCPYX charges 0.40%/yr vs 1.87%/yr for MWIGX.
Performance
DCPYX vs. MWIGX - Performance Comparison
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Returns By Period
In the year-to-date period, DCPYX achieves a 0.56% return, which is significantly higher than MWIGX's 0.20% 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%
MWIGX
- 1D
- -0.25%
- 1M
- 0.10%
- YTD
- 0.20%
- 6M
- 0.45%
- 1Y
- 4.77%
- 3Y*
- 5.37%
- 5Y*
- 0.74%
- 10Y*
- —
DCPYX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DCPYX BNY Mellon Core Plus Fund | 0.56% | 7.04% | 1.39% | 6.14% | -13.87% | -1.00% | 9.80% | 11.19% | 0.79% |
MWIGX Metropolitan West Investment Grade Credit Fund | 0.20% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between DCPYX and MWIGX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.86 |
The correlation between DCPYX and MWIGX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
DCPYX vs. MWIGX — Risk / Return Rank
DCPYX
MWIGX
DCPYX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus Fund (DCPYX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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 | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.21 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.50 | 7.31 | -1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DCPYX | MWIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.60 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.15 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.70 | -0.41 |
Drawdowns
DCPYX vs. MWIGX - Drawdown Comparison
The maximum DCPYX drawdown since its inception was -19.42%, which is greater than MWIGX's maximum drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for DCPYX and MWIGX.
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Drawdown Indicators
| DCPYX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -18.32% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -2.35% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.47% | -3.88% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -18.32% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -1.06% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -4.47% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.71% | +0.32% |
Volatility
DCPYX vs. MWIGX - Volatility Comparison
BNY Mellon Core Plus Fund (DCPYX) has a higher volatility of 1.36% compared to Metropolitan West Investment Grade Credit Fund (MWIGX) at 1.13%. This indicates that DCPYX's price experiences larger fluctuations and is considered to be riskier than MWIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCPYX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.13% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.36% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.24% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.82% | 4.94% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 4.76% | +0.12% |
DCPYX vs. MWIGX - Expense Ratio Comparison
DCPYX has a 0.40% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
DCPYX vs. MWIGX - Dividend Comparison
DCPYX's dividend yield for the trailing twelve months is around 4.44%, more than MWIGX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MWIGX Metropolitan West Investment Grade Credit Fund | 4.06% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% |
Frequently Asked Questions
DCPYX and MWIGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCPYX has higher volatility (1.36%) compared to MWIGX (1.13%). In terms of maximum drawdown, DCPYX dropped -19.42% vs MWIGX's -18.32%.
MWIGX currently has the higher Sharpe Ratio (1.60 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.
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