DISSX vs. ^SP600
DISSX (BNY Mellon Smallcap Stock Index Fund) is Small Cap Blend Equities fund managed by BNY Mellon, while ^SP600 (S&P 600) is an index. Over the past 10 years, DISSX returned 10.03%/yr vs 9.19%/yr for ^SP600. Their 1.00 correlation means they have historically moved very closely together.
Performance
DISSX vs. ^SP600 - Performance Comparison
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Returns By Period
In the year-to-date period, DISSX achieves a 21.34% return, which is significantly lower than ^SP600's 22.51% return. Over the past 10 years, DISSX has outperformed ^SP600 with an annualized return of 10.03%, while ^SP600 has yielded a comparatively lower 9.19% annualized return.
DISSX
- 1D
- 0.82%
- 1M
- -0.66%
- 6M
- 14.91%
- YTD
- 21.34%
- 1Y
- 35.30%
- 3Y*
- 11.86%
- 5Y*
- 6.45%
- 10Y*
- 10.03%
- ALL TIME*
- 9.39%
^SP600
- 1D
- 1.67%
- 1M
- 0.91%
- 6M
- 14.80%
- YTD
- 22.51%
- 1Y
- 35.91%
- 3Y*
- 12.60%
- 5Y*
- 6.35%
- 10Y*
- 9.19%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^SP600 S&P 600 | $180.84B | $86.94B | $31.08B |
| $0.00 | $0.00 | $0.00 |
DISSX vs. ^SP600 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DISSX BNY Mellon Smallcap Stock Index Fund | 21.34% | 5.41% | 6.87% | 14.24% | -16.71% | 26.41% | 10.92% | 22.28% | -8.30% | 12.40% |
^SP600 S&P 600 | 22.51% | 4.23% | 6.82% | 13.89% | -17.42% | 25.27% | 9.57% | 20.86% | -9.75% | 11.73% |
Correlation
The correlation between DISSX and ^SP600 is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1997 | 1.00 |
The correlation between DISSX and ^SP600 has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
DISSX vs. ^SP600 — Risk / Return Rank
DISSX
^SP600
DISSX vs. ^SP600 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Smallcap Stock Index Fund (DISSX) and S&P 600 (^SP600). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DISSX | ^SP600 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.04 | -0.42 |
| Martin ratioReturn relative to average drawdown | 12.38 | 13.79 | -1.41 |
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Drawdowns
DISSX vs. ^SP600 - Drawdown Comparison
The maximum DISSX drawdown since its inception was -58.30%, roughly equal to the maximum ^SP600 drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for DISSX and ^SP600.
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Drawdown Indicators
| DISSX | ^SP600 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.30% | -59.17% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.94% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -29.02% | -28.39% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -28.39% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.45% | -45.77% | +1.32% |
Current DrawdownCurrent decline from peak | -1.90% | -0.34% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -9.24% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.61% | -0.05% |
Volatility
DISSX vs. ^SP600 - Volatility Comparison
The current volatility for BNY Mellon Smallcap Stock Index Fund (DISSX) is 3.47%, while S&P 600 (^SP600) has a volatility of 3.76%. This indicates that DISSX experiences smaller price fluctuations and is considered to be less risky than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DISSX | ^SP600 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.76% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 11.75% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.45% | 17.37% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 21.33% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 23.15% | -0.04% |
Frequently Asked Questions
With a correlation of 0.99, DISSX and ^SP600 move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
^SP600 has higher volatility (3.76%) compared to DISSX (3.47%). In terms of maximum drawdown, DISSX dropped -58.30% vs ^SP600's -59.17%.
^SP600 currently has the higher Sharpe Ratio (2.08 vs 1.82), 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.
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