DNLDX vs. DNLAX
Compare and contrast key facts about BNY Mellon Active MidCap Fund (DNLDX) and BNY Mellon Natural Resources Fund Class A (DNLAX).
DNLDX is managed by BNY Mellon. It was launched on Jan 29, 1985. DNLAX is managed by BNY Mellon. It was launched on Oct 31, 2003.
Performance
DNLDX vs. DNLAX - Performance Comparison
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DNLDX vs. DNLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | -1.64% | 9.79% | 22.27% | 16.99% | -14.34% | 26.49% | 9.29% | 16.82% | -14.46% | 16.64% |
DNLAX BNY Mellon Natural Resources Fund Class A | 22.63% | 14.75% | 0.86% | 1.33% | 33.83% | 38.00% | 6.30% | 16.33% | -17.78% | 13.69% |
Returns By Period
In the year-to-date period, DNLDX achieves a -1.64% return, which is significantly lower than DNLAX's 22.63% return. Over the past 10 years, DNLDX has underperformed DNLAX with an annualized return of 8.68%, while DNLAX has yielded a comparatively higher 14.07% annualized return.
DNLDX
- 1D
- -0.69%
- 1M
- -6.75%
- YTD
- -1.64%
- 6M
- -0.76%
- 1Y
- 14.18%
- 3Y*
- 13.91%
- 5Y*
- 8.93%
- 10Y*
- 8.68%
DNLAX
- 1D
- -0.55%
- 1M
- -1.40%
- YTD
- 22.63%
- 6M
- 31.46%
- 1Y
- 47.26%
- 3Y*
- 13.86%
- 5Y*
- 18.10%
- 10Y*
- 14.07%
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DNLDX vs. DNLAX - Expense Ratio Comparison
DNLDX has a 1.00% expense ratio, which is lower than DNLAX's 1.14% expense ratio.
Return for Risk
DNLDX vs. DNLAX — Risk / Return Rank
DNLDX
DNLAX
DNLDX vs. DNLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) and BNY Mellon Natural Resources Fund Class A (DNLAX). 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 | DNLAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.78 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.24 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.10 | -1.31 |
Martin ratioReturn relative to average drawdown | 3.86 | 9.54 | -5.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DNLDX | DNLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.78 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.70 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.55 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.36 | +0.17 |
Correlation
The correlation between DNLDX and DNLAX is 0.71, 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.
Dividends
DNLDX vs. DNLAX - Dividend Comparison
DNLDX's dividend yield for the trailing twelve months is around 15.27%, more than DNLAX's 1.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 15.27% | 14.15% | 15.24% | 1.69% | 8.82% | 17.74% | 2.77% | 2.65% | 11.14% | 11.32% | 1.00% | 3.12% |
DNLAX BNY Mellon Natural Resources Fund Class A | 1.79% | 2.19% | 7.75% | 12.54% | 9.80% | 5.04% | 0.91% | 1.95% | 1.53% | 0.40% | 1.26% | 0.98% |
Drawdowns
DNLDX vs. DNLAX - Drawdown Comparison
The maximum DNLDX drawdown since its inception was -63.69%, smaller than the maximum DNLAX drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for DNLDX and DNLAX.
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Drawdown Indicators
| DNLDX | DNLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -69.14% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.37% | -20.87% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.42% | -32.37% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -54.45% | +12.22% |
Current DrawdownCurrent decline from peak | -7.29% | -2.30% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -21.71% | +12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 4.59% | -1.85% |
Volatility
DNLDX vs. DNLAX - Volatility Comparison
The current volatility for BNY Mellon Active MidCap Fund (DNLDX) is 4.43%, while BNY Mellon Natural Resources Fund Class A (DNLAX) has a volatility of 6.09%. This indicates that DNLDX experiences smaller price fluctuations and is considered to be less risky than DNLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNLDX | DNLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 6.09% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 15.21% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 26.61% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 25.94% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 25.58% | -6.09% |