DLHRX vs. DLDRX
DLHRX (BNY Mellon High Yield Fund) and DLDRX (BNY Mellon Natural Resources Fund) are both mutual funds - DLHRX is a High Yield Bonds fund managed by Dreyfus, while DLDRX is a Energy Equities fund managed by Dreyfus. Over the past 10 years, DLHRX returned 4.64%/yr vs 13.15%/yr for DLDRX. At a 0.30 correlation, their price movements are largely independent. DLHRX charges 0.70%/yr vs 0.91%/yr for DLDRX.
Performance
DLHRX vs. DLDRX - 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 DLDRX's 18.01% return. Over the past 10 years, DLHRX has underperformed DLDRX with an annualized return of 4.64%, while DLDRX has yielded a comparatively higher 13.15% 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%
DLDRX
- 1D
- -1.48%
- 1M
- -5.11%
- YTD
- 18.01%
- 6M
- 18.08%
- 1Y
- 35.66%
- 3Y*
- 12.62%
- 5Y*
- 16.68%
- 10Y*
- 13.15%
DLHRX vs. DLDRX - 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% |
DLDRX BNY Mellon Natural Resources Fund | 18.01% | 15.04% | 0.81% | 1.58% | 34.18% | 38.30% | 6.58% | 16.64% | -17.57% | 14.05% |
Correlation
The correlation between DLHRX and DLDRX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003 | 0.30 |
The correlation between DLHRX and DLDRX shifts across timeframes, from 0.22 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DLHRX vs. DLDRX — Risk / Return Rank
DLHRX
DLDRX
DLHRX vs. DLDRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Fund (DLHRX) and BNY Mellon Natural Resources Fund (DLDRX). 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 | DLDRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.61 | -2.00 |
| Martin ratioReturn relative to average drawdown | 12.45 | 13.60 | -1.15 |
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Drawdowns
DLHRX vs. DLDRX - Drawdown Comparison
The maximum DLHRX drawdown since its inception was -28.62%, smaller than the maximum DLDRX drawdown of -69.13%. Use the drawdown chart below to compare losses from any high point for DLHRX and DLDRX.
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Drawdown Indicators
| DLHRX | DLDRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -69.13% | +40.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -7.64% | +5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -32.44% | +29.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -32.44% | +15.89% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -54.24% | +33.71% |
Current DrawdownCurrent decline from peak | -0.37% | -7.64% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -20.73% | +17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.59% | -2.08% |
Volatility
DLHRX vs. DLDRX - Volatility Comparison
The current volatility for BNY Mellon High Yield Fund (DLHRX) is 1.21%, while BNY Mellon Natural Resources Fund (DLDRX) has a volatility of 6.54%. This indicates that DLHRX experiences smaller price fluctuations and is considered to be less risky than DLDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHRX | DLDRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 6.54% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 14.37% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 19.00% | -15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 25.68% | -20.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 25.52% | -20.07% |
DLHRX vs. DLDRX - Expense Ratio Comparison
DLHRX has a 0.70% expense ratio, which is lower than DLDRX's 0.91% expense ratio.
Dividends
DLHRX vs. DLDRX - Dividend Comparison
DLHRX's dividend yield for the trailing twelve months is around 6.79%, more than DLDRX's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLDRX BNY Mellon Natural Resources Fund | 1.98% | 2.33% | 7.45% | 12.42% | 9.66% | 5.07% | 1.11% | 2.16% | 1.87% | 0.63% | 1.44% | 1.25% |
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 DLDRX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLDRX has higher volatility (6.54%) compared to DLHRX (1.21%). In terms of maximum drawdown, DLHRX dropped -28.62% vs DLDRX's -69.13%.
DLDRX currently has the higher Sharpe Ratio (1.86 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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