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 0.92, 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
Key characteristics
DLQAX:
-0.47
SPY:
2.05
DLQAX:
-0.35
SPY:
2.73
DLQAX:
0.90
SPY:
1.38
DLQAX:
-0.24
SPY:
3.11
DLQAX:
-1.31
SPY:
13.02
DLQAX:
10.78%
SPY:
2.01%
DLQAX:
30.26%
SPY:
12.77%
DLQAX:
-63.10%
SPY:
-55.19%
DLQAX:
-56.84%
SPY:
-2.33%
Returns By Period
In the year-to-date period, DLQAX achieves a 3.56% return, which is significantly higher than SPY's 0.95% return. Over the past 10 years, DLQAX has underperformed SPY with an annualized return of -1.36%, while SPY has yielded a comparatively higher 13.35% annualized return.
DLQAX
3.56%
4.22%
-16.94%
-14.87%
-8.86%
-1.36%
SPY
0.95%
-1.76%
7.74%
26.88%
14.01%
13.35%
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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.
Dividends
DLQAX vs. SPY - Dividend Comparison
DLQAX's dividend yield for the trailing twelve months is around 0.38%, less than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLQAX BNY Mellon Large Cap Equity Fund | 0.38% | 0.40% | 0.79% | 0.79% | 0.18% | 0.57% | 0.67% | 0.47% | 0.49% | 0.70% | 0.70% | 3.07% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -63.10%, 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.
Volatility
DLQAX vs. SPY - Volatility Comparison
BNY Mellon Large Cap Equity Fund (DLQAX) has a higher volatility of 28.94% compared to SPDR S&P 500 ETF (SPY) at 4.98%. This indicates that DLQAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.