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DHMBX vs. FKINX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

DHMBX vs. FKINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Franklin Income Fund Class A1 (FKINX). The values are adjusted to include any dividend payments, if applicable.

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DHMBX vs. FKINX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
FKINX
Franklin Income Fund Class A1
2.96%12.24%7.12%8.65%-5.29%17.21%3.57%15.75%-5.54%8.43%

Returns By Period

In the year-to-date period, DHMBX achieves a 0.09% return, which is significantly lower than FKINX's 2.96% return. Over the past 10 years, DHMBX has underperformed FKINX with an annualized return of 2.41%, while FKINX has yielded a comparatively higher 7.65% 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%

FKINX

1D
0.79%
1M
-1.55%
YTD
2.96%
6M
5.46%
1Y
12.96%
3Y*
9.39%
5Y*
6.73%
10Y*
7.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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DHMBX vs. FKINX - Expense Ratio Comparison

DHMBX has a 0.69% expense ratio, which is higher than FKINX's 0.62% expense ratio.


Return for Risk

DHMBX vs. FKINX — Risk / Return Rank

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

DHMBX
DHMBX Risk / Return Rank: 1212
Overall Rank
DHMBX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
DHMBX Sortino Ratio Rank: 99
Sortino Ratio Rank
DHMBX Omega Ratio Rank: 1515
Omega Ratio Rank
DHMBX Calmar Ratio Rank: 1414
Calmar Ratio Rank
DHMBX Martin Ratio Rank: 1212
Martin Ratio Rank

FKINX
FKINX Risk / Return Rank: 8585
Overall Rank
FKINX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FKINX Sortino Ratio Rank: 8686
Sortino Ratio Rank
FKINX Omega Ratio Rank: 8787
Omega Ratio Rank
FKINX Calmar Ratio Rank: 7979
Calmar Ratio Rank
FKINX Martin Ratio Rank: 8686
Martin Ratio Rank
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.

DHMBX vs. FKINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Franklin Income Fund Class A1 (FKINX). 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.


DHMBXFKINXDifference

Sharpe ratio

Return per unit of total volatility

0.37

1.66

-1.29

Sortino ratio

Return per unit of downside risk

0.54

2.34

-1.80

Omega ratio

Gain probability vs. loss probability

1.11

1.38

-0.27

Calmar ratio

Return relative to maximum drawdown

0.52

1.94

-1.42

Martin ratio

Return relative to average drawdown

1.33

9.23

-7.90

DHMBX vs. FKINX - Sharpe Ratio Comparison

The current DHMBX Sharpe Ratio is 0.37, which is lower than the FKINX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of DHMBX and FKINX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


DHMBXFKINXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.37

1.66

-1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

0.85

-0.90

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.82

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.90

-0.20

Correlation

The correlation between DHMBX and FKINX is -0.01. 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. FKINX - Dividend Comparison

DHMBX's dividend yield for the trailing twelve months is around 4.06%, less than FKINX's 5.10% yield.


TTM20252024202320222021202020192018201720162015
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%
FKINX
Franklin Income Fund Class A1
5.10%5.58%5.59%5.52%5.22%6.52%5.22%5.11%5.34%5.04%5.19%5.71%

Drawdowns

DHMBX vs. FKINX - Drawdown Comparison

The maximum DHMBX drawdown since its inception was -27.66%, smaller than the maximum FKINX drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for DHMBX and FKINX.


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Drawdown Indicators


DHMBXFKINXDifference

Max Drawdown

Largest peak-to-trough decline

-27.66%

-43.18%

+15.52%

Max Drawdown (1Y)

Largest decline over 1 year

-7.49%

-6.72%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-22.90%

-13.20%

-9.70%

Max Drawdown (10Y)

Largest decline over 10 years

-22.90%

-23.91%

+1.01%

Current Drawdown

Current decline from peak

-5.85%

-1.88%

-3.97%

Average Drawdown

Average peak-to-trough decline

-4.88%

-3.73%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

1.41%

+1.49%

Volatility

DHMBX vs. FKINX - Volatility Comparison

The current volatility for BNY Mellon High Yield Municipal Bond Fund (DHMBX) is 1.51%, while Franklin Income Fund Class A1 (FKINX) has a volatility of 2.19%. This indicates that DHMBX experiences smaller price fluctuations and is considered to be less risky than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DHMBXFKINXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.51%

2.19%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

2.32%

4.17%

-1.85%

Volatility (1Y)

Calculated over the trailing 1-year period

7.88%

7.87%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.11%

7.95%

-1.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.04%

9.31%

-3.27%