DLHRX vs. DIBRX
DLHRX (BNY Mellon High Yield Fund) and DIBRX (BNY Mellon International Bond Fund) are both mutual funds - DLHRX is a High Yield Bonds fund managed by Dreyfus, while DIBRX is a Global Bonds fund managed by Dreyfus. Over the past 10 years, DLHRX returned 4.32%/yr vs -0.44%/yr for DIBRX. Their 0.20 correlation means their historical movements had little consistent relationship. DLHRX charges 0.70%/yr vs 0.73%/yr for DIBRX.
Performance
DLHRX vs. DIBRX - Performance Comparison
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Returns By Period
In the year-to-date period, DLHRX achieves a 1.21% return, which is significantly higher than DIBRX's -1.07% return. Over the past 10 years, DLHRX has outperformed DIBRX with an annualized return of 4.32%, while DIBRX has yielded a comparatively lower -0.44% annualized return.
DLHRX
- 1D
- 0.38%
- 1M
- -0.56%
- 6M
- 0.63%
- YTD
- 1.21%
- 1Y
- 4.16%
- 3Y*
- 7.27%
- 5Y*
- 2.97%
- 10Y*
- 4.32%
- ALL TIME*
- 4.69%
DIBRX
- 1D
- 0.35%
- 1M
- 0.43%
- 6M
- -1.68%
- YTD
- -1.07%
- 1Y
- -0.66%
- 3Y*
- 2.95%
- 5Y*
- -2.59%
- 10Y*
- -0.44%
- ALL TIME*
- 3.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DLHRX vs. DIBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHRX BNY Mellon High Yield Fund | 1.21% | 8.22% | 6.93% | 10.91% | -12.30% | 3.94% | 4.92% | 14.92% | -3.80% | 7.24% |
DIBRX BNY Mellon International Bond Fund | -1.07% | 8.51% | -3.14% | 5.70% | -16.81% | -6.80% | 8.38% | 5.16% | -5.80% | 12.58% |
Correlation
The correlation between DLHRX and DIBRX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2005 | 0.20 |
Over the past year, DLHRX and DIBRX have become more correlated (0.47) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
DLHRX vs. DIBRX — Risk / Return Rank
DLHRX
DIBRX
DLHRX vs. DIBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Fund (DLHRX) and BNY Mellon International Bond Fund (DIBRX). 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 | DIBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.07 | +1.85 |
| Martin ratioReturn relative to average drawdown | 7.83 | -0.14 | +7.97 |
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Drawdowns
DLHRX vs. DIBRX - Drawdown Comparison
The maximum DLHRX drawdown since its inception was -28.62%, smaller than the maximum DIBRX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for DLHRX and DIBRX.
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Drawdown Indicators
| DLHRX | DIBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -30.62% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -5.21% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -8.76% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -27.90% | +11.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -30.62% | +10.09% |
Current DrawdownCurrent decline from peak | -0.74% | -15.40% | +14.66% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -7.27% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.46% | -1.90% |
Volatility
DLHRX vs. DIBRX - Volatility Comparison
The current volatility for BNY Mellon High Yield Fund (DLHRX) is 0.87%, while BNY Mellon International Bond Fund (DIBRX) has a volatility of 1.54%. This indicates that DLHRX experiences smaller price fluctuations and is considered to be less risky than DIBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHRX | DIBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.54% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 4.85% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 6.29% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 7.45% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 7.08% | -1.66% |
DLHRX vs. DIBRX - Expense Ratio Comparison
DLHRX has a 0.70% expense ratio, which is lower than DIBRX's 0.73% expense ratio.
Dividends
DLHRX vs. DIBRX - Dividend Comparison
DLHRX's dividend yield for the trailing twelve months is around 6.20%, more than DIBRX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.81% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
DLHRX BNY Mellon High Yield Fund | 6.20% | 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 DIBRX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.54%) compared to DLHRX (0.87%). In terms of maximum drawdown, DLHRX dropped -28.62% vs DIBRX's -30.62%.
DLHRX currently has the higher Sharpe Ratio (1.22 vs -0.06), 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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