DFRA vs. BEDY
DFRA (Donoghue Forlines Yield Enhanced Real Asset ETF) and BEDY (BNY Mellon Enhanced Dividend Income ETF) are both Large Cap Value Equities funds. DFRA is passively managed, while BEDY is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. DFRA charges 0.69%/yr vs 0.50%/yr for BEDY.
Performance
DFRA vs. BEDY - Performance Comparison
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Returns By Period
In the year-to-date period, DFRA achieves a 8.60% return, which is significantly lower than BEDY's 10.40% return.
DFRA
- 1D
- -0.14%
- 1M
- -2.02%
- YTD
- 8.60%
- 6M
- 8.04%
- 1Y
- 15.09%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
BEDY
- 1D
- -0.33%
- 1M
- 2.93%
- YTD
- 10.40%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFRA vs. BEDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF | 8.60% | -0.33% |
BEDY BNY Mellon Enhanced Dividend Income ETF | 10.40% | 1.62% |
Correlation
The correlation between DFRA and BEDY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.73 |
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Return for Risk
DFRA vs. BEDY — Risk / Return Rank
DFRA
BEDY
DFRA vs. BEDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) and BNY Mellon Enhanced Dividend Income ETF (BEDY). 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.
| DFRA | BEDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | — | — |
| Martin ratioReturn relative to average drawdown | 4.50 | — | — |
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
| DFRA | BEDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 2.27 | -1.59 |
Drawdowns
DFRA vs. BEDY - Drawdown Comparison
The maximum DFRA drawdown since its inception was -19.35%, which is greater than BEDY's maximum drawdown of -6.25%. Use the drawdown chart below to compare losses from any high point for DFRA and BEDY.
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Drawdown Indicators
| DFRA | BEDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -6.25% | -13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -0.33% | -6.98% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -1.36% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | — | — |
Volatility
DFRA vs. BEDY - Volatility Comparison
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Volatility by Period
| DFRA | BEDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 11.98% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 11.98% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 11.98% | +5.54% |
DFRA vs. BEDY - Expense Ratio Comparison
DFRA has a 0.69% expense ratio, which is higher than BEDY's 0.50% expense ratio.
Dividends
DFRA vs. BEDY - Dividend Comparison
DFRA's dividend yield for the trailing twelve months is around 4.20%, more than BEDY's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BEDY BNY Mellon Enhanced Dividend Income ETF | 3.35% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF | 4.20% | 2.86% | 10.13% | 4.70% | 8.40% | 0.08% |
Frequently Asked Questions
DFRA and BEDY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEDY is cheaper with a 0.50% expense ratio, compared with 0.69% for DFRA.
DFRA has the higher dividend yield at 4.20%, compared with 3.35% for BEDY.
They also come from different issuers: Donoghue Forlines and BNY Mellon. Their fees differ too: 0.69% for DFRA and 0.50% for BEDY.
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