DLQAX vs. SPY
Compare and contrast key facts about BNY Mellon Large Cap Equity Fund (DLQAX) and SPDR S&P 500 ETF (SPY).
DLQAX is managed by BNY Mellon. It was launched on Aug 10, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DLQAX or SPY.
Correlation
The correlation between DLQAX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DLQAX vs. SPY - Performance Comparison
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Key characteristics
DLQAX:
-0.68
SPY:
0.50
DLQAX:
-0.64
SPY:
0.88
DLQAX:
0.85
SPY:
1.13
DLQAX:
-0.32
SPY:
0.56
DLQAX:
-1.14
SPY:
2.17
DLQAX:
18.63%
SPY:
4.85%
DLQAX:
31.99%
SPY:
20.02%
DLQAX:
-65.51%
SPY:
-55.19%
DLQAX:
-60.52%
SPY:
-7.65%
Returns By Period
In the year-to-date period, DLQAX achieves a -5.28% return, which is significantly lower than SPY's -3.42% return. Over the past 10 years, DLQAX has underperformed SPY with an annualized return of -2.95%, while SPY has yielded a comparatively higher 12.35% annualized return.
DLQAX
-5.28%
8.54%
-30.39%
-21.39%
-8.13%
-2.95%
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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DLQAX vs. SPY - Expense Ratio Comparison
DLQAX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DLQAX vs. SPY — Risk-Adjusted Performance Rank
DLQAX
SPY
DLQAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Large Cap Equity Fund (DLQAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
DLQAX vs. SPY - Dividend Comparison
DLQAX's dividend yield for the trailing twelve months is around 35.12%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLQAX BNY Mellon Large Cap Equity Fund | 35.12% | 49.50% | 35.24% | 15.74% | 14.22% | 3.69% | 4.70% | 15.48% | 3.90% | 1.90% | 5.38% | 3.06% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DLQAX vs. SPY - Drawdown Comparison
The maximum DLQAX drawdown since its inception was -65.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DLQAX and SPY. For additional features, visit the drawdowns tool.
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Volatility
DLQAX vs. SPY - Volatility Comparison
BNY Mellon Large Cap Equity Fund (DLQAX) and SPDR S&P 500 ETF (SPY) have volatilities of 7.18% and 7.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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