DLHRX vs. FSHNX
DLHRX (BNY Mellon High Yield Fund) and FSHNX (Fidelity Series High Income Fund) are both High Yield Bonds funds. Over the past 10 years, DLHRX returned 4.64%/yr vs 6.18%/yr for FSHNX. Their correlation of 0.87 suggests significant overlap in exposure. DLHRX charges 0.70%/yr vs 0.00%/yr for FSHNX.
Performance
DLHRX vs. FSHNX - 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 FSHNX's 3.22% return. Over the past 10 years, DLHRX has underperformed FSHNX with an annualized return of 4.64%, while FSHNX has yielded a comparatively higher 6.18% 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%
FSHNX
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 3.22%
- 6M
- 3.90%
- 1Y
- 10.25%
- 3Y*
- 9.91%
- 5Y*
- 5.10%
- 10Y*
- 6.18%
DLHRX vs. FSHNX - 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% |
FSHNX Fidelity Series High Income Fund | 3.22% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 15.20% | -2.14% | 9.40% |
Correlation
The correlation between DLHRX and FSHNX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2011 | 0.87 |
The correlation between DLHRX and FSHNX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
DLHRX vs. FSHNX — Risk / Return Rank
DLHRX
FSHNX
DLHRX vs. FSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Fund (DLHRX) and Fidelity Series High Income Fund (FSHNX). 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 | FSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.76 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.90 | -2.29 |
| Martin ratioReturn relative to average drawdown | 12.45 | 25.37 | -12.92 |
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Drawdowns
DLHRX vs. FSHNX - Drawdown Comparison
The maximum DLHRX drawdown since its inception was -28.62%, which is greater than FSHNX's maximum drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for DLHRX and FSHNX.
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Drawdown Indicators
| DLHRX | FSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -21.98% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.13% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -4.05% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.55% | -15.32% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -21.98% | +1.45% |
Current DrawdownCurrent decline from peak | -0.37% | -0.22% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -2.41% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.41% | +0.10% |
Volatility
DLHRX vs. FSHNX - Volatility Comparison
BNY Mellon High Yield Fund (DLHRX) has a higher volatility of 1.21% compared to Fidelity Series High Income Fund (FSHNX) at 0.89%. This indicates that DLHRX's price experiences larger fluctuations and is considered to be riskier than FSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHRX | FSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.89% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.59% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 3.36% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.31% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.82% | -0.37% |
DLHRX vs. FSHNX - Expense Ratio Comparison
DLHRX has a 0.70% expense ratio, which is higher than FSHNX's 0.00% expense ratio.
Dividends
DLHRX vs. FSHNX - Dividend Comparison
DLHRX's dividend yield for the trailing twelve months is around 6.79%, less than FSHNX's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSHNX Fidelity Series High Income Fund | 6.97% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
Frequently Asked Questions
DLHRX and FSHNX have a correlation of 0.81, 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 FSHNX (0.89%). In terms of maximum drawdown, DLHRX dropped -28.62% vs FSHNX's -21.98%.
FSHNX currently has the higher Sharpe Ratio (3.10 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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