DLHRX vs. DFLYX
DLHRX (BNY Mellon High Yield Fund) and DFLYX (BNY Mellon Floating Rate Income Fund) are both mutual funds - DLHRX is a High Yield Bonds fund managed by Dreyfus, while DFLYX is a Bank Loan fund managed by Dreyfus. Over the past 10 years, DLHRX returned 4.64%/yr vs 4.96%/yr for DFLYX. At a 0.48 correlation, their price movements are largely independent. DLHRX charges 0.70%/yr vs 0.73%/yr for DFLYX.
Performance
DLHRX vs. DFLYX - Performance Comparison
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Returns By Period
In the year-to-date period, DLHRX achieves a 1.42% return, which is significantly lower than DFLYX's 1.90% return. Over the past 10 years, DLHRX has underperformed DFLYX with an annualized return of 4.64%, while DFLYX has yielded a comparatively higher 4.96% annualized return.
DLHRX
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.42%
- 6M
- 2.02%
- 1Y
- 6.18%
- 3Y*
- 7.60%
- 5Y*
- 3.15%
- 10Y*
- 4.64%
DFLYX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.90%
- 6M
- 2.09%
- 1Y
- 4.77%
- 3Y*
- 8.08%
- 5Y*
- 5.95%
- 10Y*
- 4.96%
DLHRX vs. DFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHRX BNY Mellon High Yield Fund | 1.42% | 8.22% | 6.93% | 10.91% | -12.30% | 3.94% | 4.92% | 14.92% | -3.80% | 7.24% |
DFLYX BNY Mellon Floating Rate Income Fund | 1.90% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
Correlation
The correlation between DLHRX and DFLYX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.48 |
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Return for Risk
DLHRX vs. DFLYX — Risk / Return Rank
DLHRX
DFLYX
DLHRX vs. DFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Fund (DLHRX) and BNY Mellon Floating Rate Income Fund (DFLYX). 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.
| DLHRX | DFLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.94 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.85 | -0.24 |
| Martin ratioReturn relative to average drawdown | 12.45 | 10.72 | +1.74 |
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Drawdowns
DLHRX vs. DFLYX - Drawdown Comparison
The maximum DLHRX drawdown since its inception was -28.62%, which is greater than DFLYX's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for DLHRX and DFLYX.
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Drawdown Indicators
| DLHRX | DFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -18.83% | -9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -1.71% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -2.49% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -6.28% | -10.27% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -18.83% | -1.70% |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -0.79% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.45% | +0.06% |
Volatility
DLHRX vs. DFLYX - Volatility Comparison
BNY Mellon High Yield Fund (DLHRX) has a higher volatility of 1.21% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.32%. This indicates that DLHRX's price experiences larger fluctuations and is considered to be riskier than DFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHRX | DFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.32% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.12% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 1.36% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 1.93% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 3.05% | +2.40% |
DLHRX vs. DFLYX - Expense Ratio Comparison
DLHRX has a 0.70% expense ratio, which is lower than DFLYX's 0.73% expense ratio.
Dividends
DLHRX vs. DFLYX - Dividend Comparison
DLHRX's dividend yield for the trailing twelve months is around 6.79%, less than DFLYX's 7.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLYX BNY Mellon Floating Rate Income Fund | 7.81% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
DLHRX BNY Mellon High Yield Fund | 6.79% | 6.93% | 6.11% | 5.79% | 4.76% | 4.35% | 5.17% | 5.55% | 6.52% | 5.72% | 5.54% | 6.79% |
Frequently Asked Questions
DLHRX and DFLYX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLHRX has higher volatility (1.21%) compared to DFLYX (0.32%). In terms of maximum drawdown, DLHRX dropped -28.62% vs DFLYX's -18.83%.
DFLYX currently has the higher Sharpe Ratio (3.59 vs 1.79), 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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