DLQAX vs. GXXIX

Last updated Jun 24, 2026

DLQAX (BNY Mellon Large Cap Equity Fund) and GXXIX (abrdn U.S. Sustainable Leaders Fund) are both Large Cap Growth Equities funds. Over the past 10 years, DLQAX returned 13.38%/yr vs 14.83%/yr for GXXIX. Their correlation of 0.93 suggests significant overlap in exposure. DLQAX charges 1.00%/yr vs 0.97%/yr for GXXIX.

Performance

DLQAX vs. GXXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Large Cap Equity Fund (DLQAX) and abrdn U.S. Sustainable Leaders Fund (GXXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLQAX achieves a 5.77% return, which is significantly higher than GXXIX's 4.20% return. Over the past 10 years, DLQAX has underperformed GXXIX with an annualized return of 13.38%, while GXXIX has yielded a comparatively higher 14.83% annualized return.

DLQAX

• 1D: -0.49%
• 1M: -0.73%
• YTD: 5.77%
• 6M: 4.71%
• 1Y: 19.45%
• 3Y*: 16.57%
• 5Y*: 8.10%
• 10Y*: 13.38%

GXXIX

• 1D: -0.55%
• 1M: 0.35%
• YTD: 4.20%
• 6M: 3.00%
• 1Y: 10.62%
• 3Y*: 8.37%
• 5Y*: 10.85%
• 10Y*: 14.83%

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

DLQAX vs. GXXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLQAX BNY Mellon Large Cap Equity Fund	5.77%	14.27%	21.29%	16.81%	-23.77%	27.21%	23.57%	29.30%	-6.06%	24.54%
GXXIX abrdn U.S. Sustainable Leaders Fund	4.20%	3.82%	10.11%	15.19%	-26.55%	81.37%	29.56%	36.96%	-6.73%	20.42%

Correlation

The correlation between DLQAX and GXXIX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 12, 2011	0.93

The correlation between DLQAX and GXXIX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

DLQAX vs. GXXIX — Risk / Return Rank

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

DLQAX

DLQAX Risk / Return Rank: 36
DLQAX Sharpe Ratio Rank: 35
DLQAX Sortino Ratio Rank: 32
DLQAX Omega Ratio Rank: 33
DLQAX Calmar Ratio Rank: 35
DLQAX Martin Ratio Rank: 44

GXXIX

GXXIX Risk / Return Rank: 12
GXXIX Sharpe Ratio Rank: 13
GXXIX Sortino Ratio Rank: 12
GXXIX Omega Ratio Rank: 12
GXXIX Calmar Ratio Rank: 11
GXXIX Martin Ratio Rank: 14

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.

DLQAX vs. GXXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Large Cap Equity Fund (DLQAX) and abrdn U.S. Sustainable Leaders Fund (GXXIX). 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.

	DLQAX	GXXIX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.92	+0.67
Sortino ratio: Return per unit of downside risk	2.19	1.33	+0.86
Omega ratio: Gain probability vs. loss probability	1.28	1.16	+0.12
Calmar ratio: Return relative to maximum drawdown	2.10	0.98	+1.12
Martin ratio: Return relative to average drawdown	8.80	3.70	+5.10

DLQAX vs. GXXIX - Sharpe Ratio Comparison

The current DLQAX Sharpe Ratio is 1.59, which is higher than the GXXIX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DLQAX and GXXIX, 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

DLQAX vs. GXXIX - Drawdown Comparison

The maximum DLQAX drawdown since its inception was -70.38%, which is greater than GXXIX's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for DLQAX and GXXIX.

Drawdown Indicators

	DLQAX	GXXIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	-33.65%	-36.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-11.78%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.44%	-19.74%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-30.77%	-33.65%	+2.88%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	-33.65%	-0.68%
Current Drawdown Current decline from peak	-1.94%	-2.70%	+0.76%
Average Drawdown Average peak-to-trough decline	-18.65%	-6.14%	-12.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.10%	-0.81%

Volatility

DLQAX vs. GXXIX - Volatility Comparison

The current volatility for BNY Mellon Large Cap Equity Fund (DLQAX) is 4.56%, while abrdn U.S. Sustainable Leaders Fund (GXXIX) has a volatility of 5.21%. This indicates that DLQAX experiences smaller price fluctuations and is considered to be less risky than GXXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLQAX	GXXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	5.21%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	10.24%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	12.58%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	27.84%	-10.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	23.76%	-4.94%

DLQAX vs. GXXIX - Expense Ratio Comparison

DLQAX has a 1.00% expense ratio, which is higher than GXXIX's 0.97% expense ratio.

Dividends

DLQAX vs. GXXIX - Dividend Comparison

DLQAX's dividend yield for the trailing twelve months is around 23.76%, more than GXXIX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLQAX BNY Mellon Large Cap Equity Fund	23.76%	21.34%	47.67%	35.24%	15.74%	14.22%	3.69%	4.70%	15.48%	3.90%	1.90%	5.38%
GXXIX abrdn U.S. Sustainable Leaders Fund	2.20%	2.30%	0.00%	0.28%	0.39%	59.39%	14.10%	9.76%	12.93%	10.11%	12.20%	5.82%

Frequently Asked Questions

Can I hold both DLQAX and GXXIX in my portfolio?

With a correlation of 0.91, DLQAX and GXXIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DLQAX or GXXIX?

GXXIX has higher volatility (5.21%) compared to DLQAX (4.56%). In terms of maximum drawdown, DLQAX dropped -70.38% vs GXXIX's -33.65%.

Which has better risk-adjusted returns?

DLQAX currently has the higher Sharpe Ratio (1.59 vs 0.92), 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.