Correlation
The correlation between DHMBX and SCMBX 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.
DHMBX vs. SCMBX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and DWS Managed Municipal Bond Fund (SCMBX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. SCMBX is managed by Blackrock. It was launched on Oct 13, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHMBX or SCMBX.
Performance
DHMBX vs. SCMBX - Performance Comparison
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Key characteristics
DHMBX:
0.00
SCMBX:
0.60
DHMBX:
-0.02
SCMBX:
0.71
DHMBX:
1.00
SCMBX:
1.12
DHMBX:
-0.03
SCMBX:
0.56
DHMBX:
-0.15
SCMBX:
1.78
DHMBX:
3.06%
SCMBX:
1.69%
DHMBX:
8.23%
SCMBX:
5.87%
DHMBX:
-27.66%
SCMBX:
-16.84%
DHMBX:
-11.18%
SCMBX:
-3.31%
Returns By Period
In the year-to-date period, DHMBX achieves a -4.26% return, which is significantly lower than SCMBX's -1.68% return. Over the past 10 years, DHMBX has outperformed SCMBX with an annualized return of 2.67%, while SCMBX has yielded a comparatively lower 2.45% annualized return.
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
SCMBX
-1.68%
-0.76%
-2.96%
3.52%
2.97%
1.70%
2.45%
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DHMBX vs. SCMBX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is higher than SCMBX's 0.54% expense ratio.
Risk-Adjusted Performance
DHMBX vs. SCMBX — Risk-Adjusted Performance Rank
DHMBX
SCMBX
DHMBX vs. SCMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and DWS Managed Municipal Bond Fund (SCMBX). 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. SCMBX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.14%, less than SCMBX's 6.08% 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% |
SCMBX DWS Managed Municipal Bond Fund | 6.08% | 5.98% | 4.10% | 4.38% | 3.76% | 4.04% | 3.66% | 3.38% | 3.45% | 3.82% | 3.93% | 4.11% |
Drawdowns
DHMBX vs. SCMBX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, which is greater than SCMBX's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for DHMBX and SCMBX.
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Volatility
DHMBX vs. SCMBX - Volatility Comparison
BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a higher volatility of 1.18% compared to DWS Managed Municipal Bond Fund (SCMBX) at 0.77%. This indicates that DHMBX's price experiences larger fluctuations and is considered to be riskier than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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