DNLAX vs. DSCVX

Last updated Jun 4, 2026

DNLAX (BNY Mellon Natural Resources Fund Class A) and DSCVX (BNY Mellon Opportunistic Small Cap Fund) are both mutual funds - DNLAX is a Energy Equities fund managed by BNY Mellon, while DSCVX is a Small Cap Blend Equities fund managed by BNY Mellon. A 0.68 correlation means they provide meaningful diversification when combined. DNLAX charges 1.14%/yr vs 1.11%/yr for DSCVX.

Performance

DNLAX vs. DSCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Natural Resources Fund Class A (DNLAX) and BNY Mellon Opportunistic Small Cap Fund (DSCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DNLAX

• 1D: 1.81%
• 1M: 2.80%
• YTD: 27.67%
• 6M: 30.04%
• 1Y: 54.19%
• 3Y*: 16.78%
• 5Y*: 16.23%
• 10Y*: 14.01%

DSCVX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DNLAX vs. DSCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNLAX BNY Mellon Natural Resources Fund Class A	27.67%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%
DSCVX BNY Mellon Opportunistic Small Cap Fund	10.17%	10.21%	3.68%	9.01%	-17.55%	15.93%	18.98%	21.12%	-19.99%	24.42%

Correlation

The correlation between DNLAX and DSCVX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003	0.68

The correlation between DNLAX and DSCVX shifts across timeframes, from 0.49 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DNLAX vs. DSCVX — Risk / Return Rank

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

DNLAX

DNLAX Risk / Return Rank: 89
DNLAX Sharpe Ratio Rank: 92
DNLAX Sortino Ratio Rank: 84
DNLAX Omega Ratio Rank: 77
DNLAX Calmar Ratio Rank: 97
DNLAX Martin Ratio Rank: 96

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.

DNLAX vs. DSCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Natural Resources Fund Class A (DNLAX) and BNY Mellon Opportunistic Small Cap Fund (DSCVX). 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.

	DNLAX	DSCVX	Difference
Sharpe ratio: Return per unit of total volatility	3.08	—	—
Sortino ratio: Return per unit of downside risk	3.93	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	7.45	—	—
Martin ratio: Return relative to average drawdown	23.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DNLAX	DSCVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	—	—

Drawdowns

Drawdown Indicators

	DNLAX	DSCVX	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.45%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-21.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	—	—

Volatility

Volatility by Period

	DNLAX	DSCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	—	—

DNLAX vs. DSCVX - Expense Ratio Comparison

DNLAX has a 1.14% expense ratio, which is higher than DSCVX's 1.11% expense ratio.

Dividends

DNLAX vs. DSCVX - Dividend Comparison

DNLAX's dividend yield for the trailing twelve months is around 1.72%, less than DSCVX's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLAX BNY Mellon Natural Resources Fund Class A	1.72%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%
DSCVX BNY Mellon Opportunistic Small Cap Fund	4.19%	1.48%	0.50%	1.36%	4.05%	9.75%	0.20%	0.16%	29.45%	12.41%	0.41%	4.10%

Frequently Asked Questions

Can I hold both DNLAX and DSCVX in my portfolio?

DNLAX and DSCVX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.