DITEX vs. DRGVX

Last updated Jun 24, 2026

DITEX (BNY Mellon Intermediate Municipal Bond Fund) and DRGVX (BNY Mellon Dynamic Value Fund Class I) are both mutual funds - DITEX is a Municipal Bonds fund managed by BNY Mellon, while DRGVX is a Large Cap Value Equities fund actively managed by BNY Mellon. Over the past 10 years, DITEX returned 1.83%/yr vs 14.35%/yr for DRGVX. At a correlation of -0.12, they often move in opposite directions. DITEX charges 0.72%/yr vs 0.68%/yr for DRGVX.

Performance

DITEX vs. DRGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Intermediate Municipal Bond Fund (DITEX) and BNY Mellon Dynamic Value Fund Class I (DRGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DITEX achieves a 1.15% return, which is significantly lower than DRGVX's 15.75% return. Over the past 10 years, DITEX has underperformed DRGVX with an annualized return of 1.83%, while DRGVX has yielded a comparatively higher 14.35% annualized return.

DITEX

• 1D: -0.08%
• 1M: 1.20%
• YTD: 1.15%
• 6M: 1.49%
• 1Y: 6.04%
• 3Y*: 3.81%
• 5Y*: 1.05%
• 10Y*: 1.83%

DRGVX

• 1D: 0.51%
• 1M: 2.59%
• YTD: 15.75%
• 6M: 14.70%
• 1Y: 29.67%
• 3Y*: 20.11%
• 5Y*: 14.34%
• 10Y*: 14.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DITEX vs. DRGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DITEX BNY Mellon Intermediate Municipal Bond Fund	1.15%	5.56%	1.21%	5.35%	-7.61%	0.43%	4.29%	7.35%	0.78%	4.40%
DRGVX BNY Mellon Dynamic Value Fund Class I	15.75%	18.48%	14.26%	12.83%	1.51%	31.14%	3.94%	27.04%	-10.52%	15.06%

Correlation

The correlation between DITEX and DRGVX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	-0.12

The correlation between DITEX and DRGVX shifts across timeframes, from -0.12 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DITEX vs. DRGVX — Risk / Return Rank

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

DITEX

DITEX Risk / Return Rank: 68
DITEX Sharpe Ratio Rank: 90
DITEX Sortino Ratio Rank: 92
DITEX Omega Ratio Rank: 94
DITEX Calmar Ratio Rank: 33
DITEX Martin Ratio Rank: 30

DRGVX

DRGVX Risk / Return Rank: 83
DRGVX Sharpe Ratio Rank: 82
DRGVX Sortino Ratio Rank: 79
DRGVX Omega Ratio Rank: 74
DRGVX Calmar Ratio Rank: 92
DRGVX Martin Ratio Rank: 91

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.

DITEX vs. DRGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Intermediate Municipal Bond Fund (DITEX) and BNY Mellon Dynamic Value Fund Class I (DRGVX). 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.

	DITEX	DRGVX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.48	+0.27
Sortino ratio: Return per unit of downside risk	4.23	3.43	+0.80
Omega ratio: Gain probability vs. loss probability	1.71	1.44	+0.27
Calmar ratio: Return relative to maximum drawdown	2.06	4.59	-2.54
Martin ratio: Return relative to average drawdown	6.55	16.80	-10.24

DITEX vs. DRGVX - Sharpe Ratio Comparison

The current DITEX Sharpe Ratio is 2.75, which is comparable to the DRGVX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of DITEX and DRGVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DITEX vs. DRGVX - Drawdown Comparison

The maximum DITEX drawdown since its inception was -12.03%, smaller than the maximum DRGVX drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for DITEX and DRGVX.

Drawdown Indicators

	DITEX	DRGVX	Difference
Max Drawdown Largest peak-to-trough decline	-12.03%	-42.60%	+30.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-6.65%	+3.66%
Max Drawdown (3Y) Largest decline over 3 years	-4.35%	-17.01%	+12.66%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-17.01%	+5.02%
Max Drawdown (10Y) Largest decline over 10 years	-11.99%	-42.60%	+30.61%
Current Drawdown Current decline from peak	-1.02%	-0.28%	-0.74%
Average Drawdown Average peak-to-trough decline	-1.92%	-4.32%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	1.82%	-0.88%

Volatility

DITEX vs. DRGVX - Volatility Comparison

The current volatility for BNY Mellon Intermediate Municipal Bond Fund (DITEX) is 0.65%, while BNY Mellon Dynamic Value Fund Class I (DRGVX) has a volatility of 4.25%. This indicates that DITEX experiences smaller price fluctuations and is considered to be less risky than DRGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DITEX	DRGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	4.25%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	9.57%	-7.77%
Volatility (1Y) Calculated over the trailing 1-year period	2.24%	12.34%	-10.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.11%	15.60%	-12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.39%	18.85%	-15.46%

DITEX vs. DRGVX - Expense Ratio Comparison

DITEX has a 0.72% expense ratio, which is higher than DRGVX's 0.68% expense ratio.

Dividends

DITEX vs. DRGVX - Dividend Comparison

DITEX's dividend yield for the trailing twelve months is around 2.91%, less than DRGVX's 5.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DITEX BNY Mellon Intermediate Municipal Bond Fund	2.91%	3.46%	2.86%	2.38%	2.11%	2.03%	2.51%	3.38%	3.47%	2.99%	3.69%	3.32%
DRGVX BNY Mellon Dynamic Value Fund Class I	5.94%	6.88%	6.87%	5.31%	7.99%	21.73%	2.85%	3.52%	17.87%	10.95%	2.89%	16.07%

Frequently Asked Questions

Can I hold both DITEX and DRGVX in my portfolio?

DITEX and DRGVX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DITEX or DRGVX?

DRGVX has higher volatility (4.25%) compared to DITEX (0.65%). In terms of maximum drawdown, DITEX dropped -12.03% vs DRGVX's -42.60%.

Which has better risk-adjusted returns?

DITEX currently has the higher Sharpe Ratio (2.75 vs 2.48), 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.