DHMBX vs. DNLDX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and BNY Mellon Active MidCap Fund (DNLDX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. DNLDX is managed by BNY Mellon. It was launched on Jan 29, 1985.
Performance
DHMBX vs. DNLDX - Performance Comparison
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DHMBX vs. DNLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 0.09% | 2.64% | 4.41% | 6.50% | -17.25% | 5.58% | 2.85% | 10.76% | 1.64% | 12.78% |
DNLDX BNY Mellon Active MidCap Fund | 0.70% | 9.79% | 22.27% | 16.99% | -14.34% | 26.49% | 9.29% | 16.82% | -14.46% | 16.64% |
Returns By Period
In the year-to-date period, DHMBX achieves a 0.09% return, which is significantly lower than DNLDX's 0.70% return. Over the past 10 years, DHMBX has underperformed DNLDX with an annualized return of 2.41%, while DNLDX has yielded a comparatively higher 8.93% annualized return.
DHMBX
- 1D
- 0.48%
- 1M
- -2.32%
- YTD
- 0.09%
- 6M
- 1.70%
- 1Y
- 2.44%
- 3Y*
- 3.69%
- 5Y*
- -0.29%
- 10Y*
- 2.41%
DNLDX
- 1D
- 2.38%
- 1M
- -4.60%
- YTD
- 0.70%
- 6M
- 1.74%
- 1Y
- 16.32%
- 3Y*
- 14.80%
- 5Y*
- 9.10%
- 10Y*
- 8.93%
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DHMBX vs. DNLDX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is lower than DNLDX's 1.00% expense ratio.
Return for Risk
DHMBX vs. DNLDX — Risk / Return Rank
DHMBX
DNLDX
DHMBX vs. DNLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and BNY Mellon Active MidCap Fund (DNLDX). 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.
| DHMBX | DNLDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.89 | -0.52 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.38 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.30 | -0.79 |
Martin ratioReturn relative to average drawdown | 1.33 | 6.31 | -4.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHMBX | DNLDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.89 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.49 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.46 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.54 | +0.16 |
Correlation
The correlation between DHMBX and DNLDX is -0.07. 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.
Dividends
DHMBX vs. DNLDX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.06%, less than DNLDX's 14.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.06% | 5.37% | 3.96% | 3.13% | 3.09% | 2.47% | 3.46% | 4.19% | 4.13% | 3.66% | 4.95% | 4.50% |
DNLDX BNY Mellon Active MidCap Fund | 14.92% | 14.15% | 15.24% | 1.69% | 8.82% | 17.74% | 2.77% | 2.65% | 11.14% | 11.32% | 1.00% | 3.12% |
Drawdowns
DHMBX vs. DNLDX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, smaller than the maximum DNLDX drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for DHMBX and DNLDX.
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Drawdown Indicators
| DHMBX | DNLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.66% | -63.69% | +36.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -13.37% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -23.42% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -22.90% | -42.23% | +19.33% |
Current DrawdownCurrent decline from peak | -5.85% | -5.09% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -9.67% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.76% | +0.14% |
Volatility
DHMBX vs. DNLDX - Volatility Comparison
The current volatility for BNY Mellon High Yield Municipal Bond Fund (DHMBX) is 1.51%, while BNY Mellon Active MidCap Fund (DNLDX) has a volatility of 5.17%. This indicates that DHMBX experiences smaller price fluctuations and is considered to be less risky than DNLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHMBX | DNLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 5.17% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 10.08% | -7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 18.99% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 18.51% | -12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 19.50% | -13.46% |