DISSX vs. ^SP600
Compare and contrast key facts about BNY Mellon Smallcap Stock Index Fund (DISSX) and S&P 600 (^SP600).
DISSX is managed by BNY Mellon. It was launched on Jun 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DISSX or ^SP600.
Correlation
The correlation between DISSX and ^SP600 is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DISSX vs. ^SP600 - Performance Comparison
Key characteristics
DISSX:
0.11
^SP600:
0.82
DISSX:
0.29
^SP600:
1.29
DISSX:
1.04
^SP600:
1.16
DISSX:
0.07
^SP600:
1.03
DISSX:
0.34
^SP600:
3.75
DISSX:
7.31%
^SP600:
4.21%
DISSX:
23.25%
^SP600:
19.37%
DISSX:
-64.55%
^SP600:
-59.17%
DISSX:
-32.54%
^SP600:
-6.06%
Returns By Period
The year-to-date returns for both stocks are quite close, with DISSX having a 3.10% return and ^SP600 slightly lower at 3.05%. Over the past 10 years, DISSX has underperformed ^SP600 with an annualized return of -0.38%, while ^SP600 has yielded a comparatively higher 7.73% annualized return.
DISSX
3.10%
2.85%
-4.70%
2.12%
-1.22%
-0.38%
^SP600
3.05%
2.83%
8.40%
15.39%
7.71%
7.73%
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Risk-Adjusted Performance
DISSX vs. ^SP600 — Risk-Adjusted Performance Rank
DISSX
^SP600
DISSX vs. ^SP600 - Risk-Adjusted Performance 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.
Drawdowns
DISSX vs. ^SP600 - Drawdown Comparison
The maximum DISSX drawdown since its inception was -64.55%, which is greater than ^SP600's maximum drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for DISSX and ^SP600. For additional features, visit the drawdowns tool.
Volatility
DISSX vs. ^SP600 - Volatility Comparison
BNY Mellon Smallcap Stock Index Fund (DISSX) and S&P 600 (^SP600) have volatilities of 4.53% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.