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 0.94, 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:
0.02
SPY:
0.54
DGAGX:
0.15
SPY:
0.89
DGAGX:
1.02
SPY:
1.13
DGAGX:
0.02
SPY:
0.58
DGAGX:
0.07
SPY:
2.39
DGAGX:
4.64%
SPY:
4.51%
DGAGX:
18.37%
SPY:
20.07%
DGAGX:
-53.00%
SPY:
-55.19%
DGAGX:
-12.05%
SPY:
-10.54%
Returns By Period
In the year-to-date period, DGAGX achieves a -7.93% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, DGAGX has underperformed SPY with an annualized return of 10.26%, while SPY has yielded a comparatively higher 11.95% annualized return.
DGAGX
-7.93%
-7.46%
-8.53%
-0.77%
12.25%
10.26%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 15.98%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGAGX BNY Mellon Appreciation Fund, Inc. | 15.98% | 17.31% | 7.44% | 9.16% | 3.91% | 5.29% | 10.52% | 21.70% | 16.17% | 27.73% | 31.89% | 5.29% |
SPY SPDR S&P 500 ETF | 1.31% | 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 -53.00%, 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 13.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. 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.