DFLYX vs. CAPIX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Floating Rate Income Fund (DFLYX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX).

DFLYX is managed by Dreyfus. It was launched on Sep 26, 2013. CAPIX is an actively managed fund by Calamos. It was launched on Jun 8, 2023.

Performance

DFLYX vs. CAPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Floating Rate Income Fund (DFLYX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). The values are adjusted to include any dividend payments, if applicable.

DFLYX vs. CAPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFLYX BNY Mellon Floating Rate Income Fund	-0.51%	4.84%	9.77%	5.15%
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I	1.80%	7.43%	8.60%	3.02%

Returns By Period

In the year-to-date period, DFLYX achieves a -0.51% return, which is significantly lower than CAPIX's 1.80% return.

DFLYX

• 1D: 0.00%
• 1M: 0.36%
• YTD: -0.51%
• 6M: 0.19%
• 1Y: 4.33%
• 3Y*: 7.97%
• 5Y*: 5.76%
• 10Y*: 4.94%

CAPIX

• 1D: -0.09%
• 1M: 0.66%
• YTD: 1.80%
• 6M: 3.69%
• 1Y: 9.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFLYX vs. CAPIX - Expense Ratio Comparison

DFLYX has a 0.73% expense ratio, which is lower than CAPIX's 1.25% expense ratio.

CAPIX

Calamos Aksia Alternative Credit and Income Fund Class I

DFLYX

BNY Mellon Floating Rate Income Fund

Return for Risk

DFLYX vs. CAPIX — Risk / Return Rank

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

DFLYX

DFLYX Risk / Return Rank: 90
DFLYX Sharpe Ratio Rank: 94
DFLYX Sortino Ratio Rank: 95
DFLYX Omega Ratio Rank: 96
DFLYX Calmar Ratio Rank: 85
DFLYX Martin Ratio Rank: 80

CAPIX

CAPIX Risk / Return Rank: 100
CAPIX Sharpe Ratio Rank: 100
CAPIX Sortino Ratio Rank: 100
CAPIX Omega Ratio Rank: 100
CAPIX Calmar Ratio Rank: 100
CAPIX Martin Ratio Rank: 100

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.

DFLYX vs. CAPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Floating Rate Income Fund (DFLYX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). 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.

	DFLYX	CAPIX	Difference
Sharpe ratio Return per unit of total volatility	2.10	8.05	-5.95
Sortino ratio Return per unit of downside risk	3.11	18.85	-15.73
Omega ratio Gain probability vs. loss probability	1.56	5.48	-3.92
Calmar ratio Return relative to maximum drawdown	2.14	26.11	-23.97
Martin ratio Return relative to average drawdown	7.82	148.88	-141.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFLYX vs. CAPIX - Sharpe Ratio Comparison

The current DFLYX Sharpe Ratio is 2.10, which is lower than the CAPIX Sharpe Ratio of 8.05. The chart below compares the historical Sharpe Ratios of DFLYX and CAPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFLYX	CAPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	8.05	-5.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	3.21	-1.74

Correlation

The correlation between DFLYX and CAPIX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DFLYX vs. CAPIX - Dividend Comparison

DFLYX's dividend yield for the trailing twelve months is around 8.17%, less than CAPIX's 9.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFLYX BNY Mellon Floating Rate Income Fund	8.17%	7.50%	8.78%	8.78%	5.49%	4.22%	4.66%	5.54%	5.19%	3.77%	4.14%	4.65%
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I	9.47%	7.18%	4.42%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DFLYX vs. CAPIX - Drawdown Comparison

The maximum DFLYX drawdown since its inception was -18.83%, which is greater than CAPIX's maximum drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for DFLYX and CAPIX.

Drawdown Indicators

	DFLYX	CAPIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.83%	-1.96%	-16.87%
Max Drawdown (1Y) Largest decline over 1 year	-1.73%	-0.37%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-6.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.83%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.09%	-0.97%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.25%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.07%	+0.46%

Volatility

DFLYX vs. CAPIX - Volatility Comparison

BNY Mellon Floating Rate Income Fund (DFLYX) has a higher volatility of 0.63% compared to Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) at 0.39%. This indicates that DFLYX's price experiences larger fluctuations and is considered to be riskier than CAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFLYX	CAPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	0.39%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	1.06%	0.87%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	1.21%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	2.50%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.05%	2.50%	+0.55%