Correlation
The correlation between DGDIX and VCLT is 0.11, 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.
DGDIX vs. VCLT
Compare and contrast key facts about BNY Mellon Global Dynamic Bond Income Fund (DGDIX) and Vanguard Long-Term Corporate Bond ETF (VCLT).
DGDIX is managed by Dreyfus. It was launched on Mar 24, 2011. VCLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 10+ Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGDIX or VCLT.
Performance
DGDIX vs. VCLT - Performance Comparison
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Key characteristics
DGDIX:
1.25
VCLT:
0.29
DGDIX:
1.90
VCLT:
0.47
DGDIX:
1.27
VCLT:
1.06
DGDIX:
0.68
VCLT:
0.14
DGDIX:
5.43
VCLT:
0.67
DGDIX:
0.92%
VCLT:
5.05%
DGDIX:
3.78%
VCLT:
11.73%
DGDIX:
-15.14%
VCLT:
-34.31%
DGDIX:
-2.33%
VCLT:
-20.21%
Returns By Period
In the year-to-date period, DGDIX achieves a 0.19% return, which is significantly lower than VCLT's 0.84% return. Over the past 10 years, DGDIX has underperformed VCLT with an annualized return of 1.84%, while VCLT has yielded a comparatively higher 2.60% annualized return.
DGDIX
0.19%
0.00%
0.03%
5.11%
2.55%
1.44%
1.84%
VCLT
0.84%
-0.12%
-3.68%
3.43%
0.15%
-2.56%
2.60%
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DGDIX vs. VCLT - Expense Ratio Comparison
DGDIX has a 0.80% expense ratio, which is higher than VCLT's 0.04% expense ratio.
Risk-Adjusted Performance
DGDIX vs. VCLT — Risk-Adjusted Performance Rank
DGDIX
VCLT
DGDIX vs. VCLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Dynamic Bond Income Fund (DGDIX) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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.
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Dividends
DGDIX vs. VCLT - Dividend Comparison
DGDIX's dividend yield for the trailing twelve months is around 103.12%, more than VCLT's 5.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGDIX BNY Mellon Global Dynamic Bond Income Fund | 103.12% | 3.13% | 0.63% | 9.35% | 2.66% | 4.43% | 4.15% | 4.50% | 0.66% | 3.62% | 2.73% | 3.90% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.37% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% | 4.29% |
Drawdowns
DGDIX vs. VCLT - Drawdown Comparison
The maximum DGDIX drawdown since its inception was -15.14%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for DGDIX and VCLT.
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Volatility
DGDIX vs. VCLT - Volatility Comparison
The current volatility for BNY Mellon Global Dynamic Bond Income Fund (DGDIX) is 2.26%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.16%. This indicates that DGDIX experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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