DNLDX vs. ATGAX

Last updated Jun 4, 2026

DNLDX (BNY Mellon Active MidCap Fund) and ATGAX (Aquila Opportunity Growth Fund) are both Mid Cap Blend Equities funds. With a 1.00 correlation, they move nearly in lockstep. DNLDX charges 1.00%/yr vs 1.50%/yr for ATGAX.

Performance

DNLDX vs. ATGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Active MidCap Fund (DNLDX) and Aquila Opportunity Growth Fund (ATGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DNLDX

• 1D: 0.43%
• 1M: 3.72%
• YTD: 11.73%
• 6M: 12.09%
• 1Y: 21.00%
• 3Y*: 18.88%
• 5Y*: 10.49%
• 10Y*: 10.01%

ATGAX

• 1D: 1.15%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DNLDX vs. ATGAX - Yearly Performance Comparison

	2026 (YTD)
DNLDX BNY Mellon Active MidCap Fund	0.95%
ATGAX Aquila Opportunity Growth Fund	2.03%

Correlation

The correlation between DNLDX and ATGAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

DNLDX vs. ATGAX — Risk / Return Rank

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

DNLDX

DNLDX Risk / Return Rank: 44
DNLDX Sharpe Ratio Rank: 35
DNLDX Sortino Ratio Rank: 35
DNLDX Omega Ratio Rank: 31
DNLDX Calmar Ratio Rank: 63
DNLDX Martin Ratio Rank: 57

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.

DNLDX vs. ATGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) and Aquila Opportunity Growth Fund (ATGAX). 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.

	DNLDX	ATGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.05	—	—
Martin ratio: Return relative to average drawdown	11.45	—	—
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

	DNLDX	ATGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	58.33	-57.78

Drawdowns

DNLDX vs. ATGAX - Drawdown Comparison

The maximum DNLDX drawdown since its inception was -63.69%, which is greater than ATGAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DNLDX and ATGAX.

Drawdown Indicators

	DNLDX	ATGAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.69%	0.00%	-63.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.23%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.63%	0.00%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	—	—

Volatility

Volatility by Period

	DNLDX	ATGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	9.26%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	9.26%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	9.26%	+10.25%

DNLDX vs. ATGAX - Expense Ratio Comparison

DNLDX has a 1.00% expense ratio, which is lower than ATGAX's 1.50% expense ratio.

Dividends

DNLDX vs. ATGAX - Dividend Comparison

DNLDX's dividend yield for the trailing twelve months is around 13.45%, while ATGAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DNLDX BNY Mellon Active MidCap Fund	13.45%	14.15%	15.24%	1.69%	8.82%	17.74%	2.77%	2.65%	11.14%	11.32%	1.00%	3.12%

Frequently Asked Questions

Can I hold both DNLDX and ATGAX in my portfolio?

With a correlation of 1.00, DNLDX and ATGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.