DGAGX vs. SPY
Compare and contrast key facts about BNY Mellon Appreciation Fund, Inc. (DGAGX) and SPDR S&P 500 ETF (SPY).
DGAGX is managed by T. Rowe Price. It was launched on Jan 18, 1984. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGAGX or SPY.
Correlation
The correlation between DGAGX and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGAGX vs. SPY - Performance Comparison
Key characteristics
DGAGX:
-0.22
SPY:
1.91
DGAGX:
-0.16
SPY:
2.57
DGAGX:
0.97
SPY:
1.35
DGAGX:
-0.15
SPY:
2.88
DGAGX:
-0.59
SPY:
11.96
DGAGX:
6.36%
SPY:
2.03%
DGAGX:
17.07%
SPY:
12.68%
DGAGX:
-54.27%
SPY:
-55.19%
DGAGX:
-21.83%
SPY:
0.00%
Returns By Period
In the year-to-date period, DGAGX achieves a 3.73% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, DGAGX has underperformed SPY with an annualized return of -2.13%, while SPY has yielded a comparatively higher 13.21% annualized return.
DGAGX
3.73%
2.45%
-9.53%
-3.91%
3.23%
-2.13%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DGAGX vs. SPY - Expense Ratio Comparison
DGAGX has a 0.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DGAGX vs. SPY — Risk-Adjusted Performance Rank
DGAGX
SPY
DGAGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Appreciation Fund, Inc. (DGAGX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DGAGX vs. SPY - Dividend Comparison
DGAGX's dividend yield for the trailing twelve months is around 0.36%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGAGX BNY Mellon Appreciation Fund, Inc. | 0.36% | 0.37% | 0.63% | 0.62% | 0.32% | 0.59% | 0.96% | 1.49% | 1.18% | 1.70% | 2.20% | 1.68% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DGAGX vs. SPY - Drawdown Comparison
The maximum DGAGX drawdown since its inception was -54.27%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DGAGX and SPY. For additional features, visit the drawdowns tool.
Volatility
DGAGX vs. SPY - Volatility Comparison
The current volatility for BNY Mellon Appreciation Fund, Inc. (DGAGX) is 2.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that DGAGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.