DMF vs. SPY
Compare and contrast key facts about BNY Mellon Municipal Income, Inc. (DMF) and SPDR S&P 500 ETF (SPY).
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: DMF or SPY.
Correlation
The correlation between DMF and SPY is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DMF vs. SPY - Performance Comparison
Key characteristics
DMF:
1.13
SPY:
1.87
DMF:
1.61
SPY:
2.52
DMF:
1.21
SPY:
1.35
DMF:
0.39
SPY:
2.81
DMF:
4.33
SPY:
11.69
DMF:
2.50%
SPY:
2.02%
DMF:
9.62%
SPY:
12.65%
DMF:
-41.26%
SPY:
-55.19%
DMF:
-18.84%
SPY:
0.00%
Returns By Period
In the year-to-date period, DMF achieves a 1.53% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, DMF has underperformed SPY with an annualized return of 1.99%, while SPY has yielded a comparatively higher 13.23% annualized return.
DMF
1.53%
1.11%
0.05%
10.98%
-1.80%
1.99%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
DMF vs. SPY — Risk-Adjusted Performance Rank
DMF
SPY
DMF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Income, Inc. (DMF) 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
DMF vs. SPY - Dividend Comparison
DMF's dividend yield for the trailing twelve months is around 3.01%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMF BNY Mellon Municipal Income, Inc. | 3.01% | 2.93% | 2.95% | 5.06% | 4.66% | 4.74% | 4.72% | 5.59% | 5.53% | 5.93% | 6.62% | 6.61% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DMF vs. SPY - Drawdown Comparison
The maximum DMF drawdown since its inception was -41.26%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DMF and SPY. For additional features, visit the drawdowns tool.
Volatility
DMF vs. SPY - Volatility Comparison
The current volatility for BNY Mellon Municipal Income, Inc. (DMF) is 2.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that DMF experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.