DMCVX vs. DBMYX

Last updated Jun 23, 2026

DMCVX (BNY Mellon Opportunistic Midcap Value Fund) and DBMYX (BNY Mellon Small/Mid Cap Growth Fund Class Y) are both mutual funds - DMCVX is a Mid Cap Blend Equities fund managed by BNY Mellon, while DBMYX is a Mid Cap Growth Equities fund tracking the Russell 2500 Growth Index. Over the past 10 years, DMCVX returned 9.90%/yr vs 12.33%/yr for DBMYX. Their correlation of 0.81 suggests significant overlap in exposure. DMCVX charges 1.09%/yr vs 0.63%/yr for DBMYX.

Performance

DMCVX vs. DBMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Opportunistic Midcap Value Fund (DMCVX) and BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DMCVX having a 11.90% return and DBMYX slightly higher at 12.06%. Over the past 10 years, DMCVX has underperformed DBMYX with an annualized return of 9.90%, while DBMYX has yielded a comparatively higher 12.33% annualized return.

DMCVX

• 1D: 0.95%
• 1M: 3.04%
• YTD: 11.90%
• 6M: 10.50%
• 1Y: 21.93%
• 3Y*: 14.05%
• 5Y*: 7.84%
• 10Y*: 9.90%

DBMYX

• 1D: 3.12%
• 1M: 6.40%
• YTD: 12.06%
• 6M: 8.38%
• 1Y: 22.79%
• 3Y*: 13.14%
• 5Y*: 0.53%
• 10Y*: 12.33%

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

DMCVX vs. DBMYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMCVX BNY Mellon Opportunistic Midcap Value Fund	11.90%	10.30%	10.50%	12.35%	-8.24%	15.84%	18.81%	27.49%	-18.12%	11.73%
DBMYX BNY Mellon Small/Mid Cap Growth Fund Class Y	12.06%	11.94%	10.09%	15.63%	-33.11%	-4.44%	68.62%	39.27%	-1.35%	26.80%

Correlation

The correlation between DMCVX and DBMYX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.81

The correlation between DMCVX and DBMYX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

DMCVX vs. DBMYX — Risk / Return Rank

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

DMCVX

DMCVX Risk / Return Rank: 37
DMCVX Sharpe Ratio Rank: 33
DMCVX Sortino Ratio Rank: 33
DMCVX Omega Ratio Rank: 31
DMCVX Calmar Ratio Rank: 44
DMCVX Martin Ratio Rank: 45

DBMYX

DBMYX Risk / Return Rank: 15
DBMYX Sharpe Ratio Rank: 16
DBMYX Sortino Ratio Rank: 18
DBMYX Omega Ratio Rank: 15
DBMYX Calmar Ratio Rank: 13
DBMYX 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.

DMCVX vs. DBMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Opportunistic Midcap Value Fund (DMCVX) and BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX). 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.

	DMCVX	DBMYX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.05	+0.48
Sortino ratio: Return per unit of downside risk	2.22	1.64	+0.58
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.41	1.17	+1.25
Martin ratio: Return relative to average drawdown	9.02	3.67	+5.35

DMCVX vs. DBMYX - Sharpe Ratio Comparison

The current DMCVX Sharpe Ratio is 1.53, which is higher than the DBMYX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of DMCVX and DBMYX, 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

DMCVX vs. DBMYX - Drawdown Comparison

The maximum DMCVX drawdown since its inception was -58.31%, which is greater than DBMYX's maximum drawdown of -48.24%. Use the drawdown chart below to compare losses from any high point for DMCVX and DBMYX.

Drawdown Indicators

	DMCVX	DBMYX	Difference
Max Drawdown Largest peak-to-trough decline	-58.31%	-48.24%	-10.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-19.58%	+10.45%
Max Drawdown (3Y) Largest decline over 3 years	-21.13%	-25.20%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-21.13%	-45.79%	+24.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	-48.24%	+7.80%
Current Drawdown Current decline from peak	-0.85%	-9.71%	+8.86%
Average Drawdown Average peak-to-trough decline	-9.04%	-15.18%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	6.22%	-3.78%

Volatility

DMCVX vs. DBMYX - Volatility Comparison

The current volatility for BNY Mellon Opportunistic Midcap Value Fund (DMCVX) is 5.15%, while BNY Mellon Small/Mid Cap Growth Fund Class Y (DBMYX) has a volatility of 7.60%. This indicates that DMCVX experiences smaller price fluctuations and is considered to be less risky than DBMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMCVX	DBMYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	7.60%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	17.13%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	21.81%	-7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	24.63%	-7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	24.34%	-4.80%

DMCVX vs. DBMYX - Expense Ratio Comparison

DMCVX has a 1.09% expense ratio, which is higher than DBMYX's 0.63% expense ratio.

Dividends

DMCVX vs. DBMYX - Dividend Comparison

DMCVX's dividend yield for the trailing twelve months is around 12.30%, less than DBMYX's 45.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBMYX BNY Mellon Small/Mid Cap Growth Fund Class Y	45.68%	51.19%	0.43%	0.00%	0.00%	8.97%	7.86%	0.00%	8.66%	9.12%	2.20%	6.55%
DMCVX BNY Mellon Opportunistic Midcap Value Fund	12.30%	13.77%	10.02%	3.94%	6.55%	12.80%	0.10%	0.26%	33.11%	9.62%	4.60%	20.93%

Frequently Asked Questions

Can I hold both DMCVX and DBMYX in my portfolio?

DMCVX and DBMYX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMCVX or DBMYX?

DBMYX has higher volatility (7.60%) compared to DMCVX (5.15%). In terms of maximum drawdown, DMCVX dropped -58.31% vs DBMYX's -48.24%.

Which has better risk-adjusted returns?

DMCVX currently has the higher Sharpe Ratio (1.53 vs 1.05), 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.