DFLYX vs. SPFLX

Last updated Jun 4, 2026

DFLYX (BNY Mellon Floating Rate Income Fund) and SPFLX (American Beacon Sound Point Floating Rate Income Fund) are both Bank Loan funds. At a 0.45 correlation, their price movements are largely independent. DFLYX charges 0.73%/yr vs 0.82%/yr for SPFLX.

Performance

DFLYX vs. SPFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Floating Rate Income Fund (DFLYX) and American Beacon Sound Point Floating Rate Income Fund (SPFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFLYX

• 1D: 0.00%
• 1M: 0.69%
• YTD: 1.81%
• 6M: 1.81%
• 1Y: 4.95%
• 3Y*: 8.48%
• 5Y*: 5.99%
• 10Y*: 4.95%

SPFLX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFLYX vs. SPFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFLYX BNY Mellon Floating Rate Income Fund	1.81%	4.84%	9.77%	13.29%	-1.15%	4.84%	2.66%	7.15%	-0.58%	3.48%
SPFLX American Beacon Sound Point Floating Rate Income Fund	-0.05%	-0.39%	6.21%	7.83%	-6.93%	6.12%	0.45%	4.34%	1.21%	4.99%

Correlation

The correlation between DFLYX and SPFLX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 6, 2014	0.45

The correlation between DFLYX and SPFLX shifts across timeframes, from 0.25 (1 year) to 0.46 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DFLYX vs. SPFLX — Risk / Return Rank

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

DFLYX

DFLYX Risk / Return Rank: 81
DFLYX Sharpe Ratio Rank: 98
DFLYX Sortino Ratio Rank: 98
DFLYX Omega Ratio Rank: 97
DFLYX Calmar Ratio Rank: 59
DFLYX Martin Ratio Rank: 55

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. SPFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Floating Rate Income Fund (DFLYX) and American Beacon Sound Point Floating Rate Income Fund (SPFLX). 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	SPFLX	Difference
Sharpe ratio Return per unit of total volatility	3.79	—	—
Sortino ratio Return per unit of downside risk	6.30	—	—
Omega ratio Gain probability vs. loss probability	2.03	—	—
Calmar ratio Return relative to maximum drawdown	2.96	—	—
Martin ratio Return relative to average drawdown	11.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DFLYX	SPFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.79	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	—	—

Drawdowns

Drawdown Indicators

	DFLYX	SPFLX	Difference
Max Drawdown Largest peak-to-trough decline	-18.83%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.49%	—	—
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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	DFLYX	SPFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.05%	—	—

DFLYX vs. SPFLX - Expense Ratio Comparison

DFLYX has a 0.73% expense ratio, which is lower than SPFLX's 0.82% expense ratio.

Dividends

DFLYX vs. SPFLX - Dividend Comparison

DFLYX's dividend yield for the trailing twelve months is around 7.82%, more than SPFLX's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFLYX BNY Mellon Floating Rate Income Fund	7.82%	7.50%	8.78%	8.78%	5.49%	4.22%	4.66%	5.54%	5.19%	3.77%	4.14%	4.65%
SPFLX American Beacon Sound Point Floating Rate Income Fund	4.62%	7.83%	10.28%	7.63%	4.72%	4.76%	5.56%	6.75%	6.07%	4.78%	4.96%	4.81%

Frequently Asked Questions

Can I hold both DFLYX and SPFLX in my portfolio?

DFLYX and SPFLX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.