DGIEX vs. DAGVX

Last updated Jun 4, 2026

DGIEX (BNY Mellon Global Emerging Markets Fund) and DAGVX (BNY Mellon Dynamic Value Fund) are both mutual funds - DGIEX is a Emerging Markets Diversified fund managed by BNY Mellon, while DAGVX is a Large Cap Value Equities fund managed by BNY Mellon. Over the past 10 years, DGIEX returned 10.41%/yr vs 13.51%/yr for DAGVX. A 0.57 correlation means they provide meaningful diversification when combined. DGIEX charges 1.00%/yr vs 0.93%/yr for DAGVX.

Performance

DGIEX vs. DAGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Global Emerging Markets Fund (DGIEX) and BNY Mellon Dynamic Value Fund (DAGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGIEX achieves a 22.50% return, which is significantly higher than DAGVX's 14.05% return. Over the past 10 years, DGIEX has underperformed DAGVX with an annualized return of 10.41%, while DAGVX has yielded a comparatively higher 13.51% annualized return.

DGIEX

• 1D: 0.80%
• 1M: 8.79%
• YTD: 22.50%
• 6M: 23.99%
• 1Y: 43.65%
• 3Y*: 16.54%
• 5Y*: 4.37%
• 10Y*: 10.41%

DAGVX

• 1D: 1.22%
• 1M: 4.66%
• YTD: 14.05%
• 6M: 15.50%
• 1Y: 29.44%
• 3Y*: 19.73%
• 5Y*: 13.24%
• 10Y*: 13.51%

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

DGIEX vs. DAGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGIEX BNY Mellon Global Emerging Markets Fund	22.50%	22.65%	4.34%	7.01%	-23.34%	-3.12%	58.75%	23.34%	-23.67%	46.01%
DAGVX BNY Mellon Dynamic Value Fund	14.05%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%

Correlation

The correlation between DGIEX and DAGVX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.57

The correlation between DGIEX and DAGVX shifts across timeframes, from 0.41 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DGIEX vs. DAGVX — Risk / Return Rank

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

DGIEX

DGIEX Risk / Return Rank: 83
DGIEX Sharpe Ratio Rank: 87
DGIEX Sortino Ratio Rank: 79
DGIEX Omega Ratio Rank: 79
DGIEX Calmar Ratio Rank: 89
DGIEX Martin Ratio Rank: 81

DAGVX

DAGVX Risk / Return Rank: 79
DAGVX Sharpe Ratio Rank: 78
DAGVX Sortino Ratio Rank: 74
DAGVX Omega Ratio Rank: 66
DAGVX Calmar Ratio Rank: 90
DAGVX Martin Ratio Rank: 87

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.

DGIEX vs. DAGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Emerging Markets Fund (DGIEX) and BNY Mellon Dynamic Value Fund (DAGVX). 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.

	DGIEX	DAGVX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.56	+0.26
Sortino ratio: Return per unit of downside risk	3.77	3.58	+0.19
Omega ratio: Gain probability vs. loss probability	1.52	1.46	+0.07
Calmar ratio: Return relative to maximum drawdown	4.50	4.56	-0.06
Martin ratio: Return relative to average drawdown	15.15	16.85	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGIEX vs. DAGVX - Sharpe Ratio Comparison

The current DGIEX Sharpe Ratio is 2.82, which is comparable to the DAGVX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of DGIEX and DAGVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGIEX	DAGVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	2.56	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.85	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.72	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.58	-0.11

Drawdowns

DGIEX vs. DAGVX - Drawdown Comparison

The maximum DGIEX drawdown since its inception was -42.97%, smaller than the maximum DAGVX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for DGIEX and DAGVX.

Drawdown Indicators

	DGIEX	DAGVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.97%	-55.04%	+12.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-6.69%	-3.20%
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	-16.96%	-3.43%
Max Drawdown (5Y) Largest decline over 5 years	-37.32%	-16.96%	-20.36%
Max Drawdown (10Y) Largest decline over 10 years	-42.97%	-42.62%	-0.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.35%	-7.65%	-9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.80%	+1.13%

Volatility

DGIEX vs. DAGVX - Volatility Comparison

BNY Mellon Global Emerging Markets Fund (DGIEX) has a higher volatility of 6.14% compared to BNY Mellon Dynamic Value Fund (DAGVX) at 3.65%. This indicates that DGIEX's price experiences larger fluctuations and is considered to be riskier than DAGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIEX	DAGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	3.65%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	9.13%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	11.90%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	15.58%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	18.83%	-0.28%

DGIEX vs. DAGVX - Expense Ratio Comparison

DGIEX has a 1.00% expense ratio, which is higher than DAGVX's 0.93% expense ratio.

Dividends

DGIEX vs. DAGVX - Dividend Comparison

DGIEX's dividend yield for the trailing twelve months is around 0.31%, less than DAGVX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.86%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
DGIEX BNY Mellon Global Emerging Markets Fund	0.31%	0.38%	0.00%	0.07%	0.25%	6.74%	0.30%	2.32%	1.32%	1.21%	0.04%	0.45%

Frequently Asked Questions

Can I hold both DGIEX and DAGVX in my portfolio?

DGIEX and DAGVX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGIEX or DAGVX?

DGIEX has higher volatility (6.14%) compared to DAGVX (3.65%). In terms of maximum drawdown, DGIEX dropped -42.97% vs DAGVX's -55.04%.

Which has better risk-adjusted returns?

DGIEX currently has the higher Sharpe Ratio (2.82 vs 2.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.