Correlation
The correlation between DHMBX and BIAEX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
DHMBX vs. BIAEX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHMBX or BIAEX.
Performance
DHMBX vs. BIAEX - Performance Comparison
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Key characteristics
DHMBX:
0.00
BIAEX:
0.73
DHMBX:
-0.02
BIAEX:
0.91
DHMBX:
1.00
BIAEX:
1.15
DHMBX:
-0.03
BIAEX:
0.67
DHMBX:
-0.15
BIAEX:
2.20
DHMBX:
3.06%
BIAEX:
1.36%
DHMBX:
8.23%
BIAEX:
4.56%
DHMBX:
-27.66%
BIAEX:
-12.84%
DHMBX:
-11.18%
BIAEX:
-2.13%
Returns By Period
In the year-to-date period, DHMBX achieves a -4.26% return, which is significantly lower than BIAEX's -0.57% return. Over the past 10 years, DHMBX has outperformed BIAEX with an annualized return of 2.67%, while BIAEX has yielded a comparatively lower 2.29% annualized return.
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
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DHMBX vs. BIAEX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
DHMBX vs. BIAEX — Risk-Adjusted Performance Rank
DHMBX
BIAEX
DHMBX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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
DHMBX vs. BIAEX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.14%, more than BIAEX's 3.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.14% | 3.91% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.15% | 3.65% | 4.98% | 4.52% | 4.57% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.99% | 3.98% | 3.82% | 2.99% | 2.96% | 2.55% | 1.65% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
DHMBX vs. BIAEX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, which is greater than BIAEX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for DHMBX and BIAEX.
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Volatility
DHMBX vs. BIAEX - Volatility Comparison
BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a higher volatility of 1.18% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 0.56%. This indicates that DHMBX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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