DNLDX vs. DRMBX
DNLDX (BNY Mellon Active MidCap Fund) and DRMBX (BNY Mellon AMT-Free Municipal Bond Fund) are both mutual funds - DNLDX is a Mid Cap Blend Equities fund managed by BNY Mellon, while DRMBX is a Municipal Bonds fund managed by BNY Mellon. Over the past 10 years, DNLDX returned 10.25%/yr vs 2.09%/yr for DRMBX. At a correlation of -0.04, they often move in opposite directions. DNLDX charges 1.00%/yr vs 0.49%/yr for DRMBX.
Performance
DNLDX vs. DRMBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DNLDX achieves a 12.91% return, which is significantly higher than DRMBX's 2.12% return. Over the past 10 years, DNLDX has outperformed DRMBX with an annualized return of 10.25%, while DRMBX has yielded a comparatively lower 2.09% annualized return.
DNLDX
- 1D
- 1.23%
- 1M
- 3.28%
- YTD
- 12.91%
- 6M
- 10.91%
- 1Y
- 23.13%
- 3Y*
- 18.12%
- 5Y*
- 11.15%
- 10Y*
- 10.25%
DRMBX
- 1D
- 0.07%
- 1M
- 1.82%
- YTD
- 2.12%
- 6M
- 2.59%
- 1Y
- 7.68%
- 3Y*
- 4.12%
- 5Y*
- 0.94%
- 10Y*
- 2.09%
DNLDX vs. DRMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 12.91% | 9.79% | 22.27% | 16.99% | -14.34% | 26.49% | 9.29% | 16.82% | -14.46% | 16.64% |
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | 2.12% | 4.47% | 2.37% | 5.93% | -9.77% | 1.26% | 4.86% | 8.34% | 0.74% | 5.62% |
Correlation
The correlation between DNLDX and DRMBX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 6, 1994 | -0.04 |
The correlation between DNLDX and DRMBX shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DNLDX vs. DRMBX — Risk / Return Rank
DNLDX
DRMBX
DNLDX vs. DRMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) and BNY Mellon AMT-Free Municipal Bond Fund (DRMBX). 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.
| DNLDX | DRMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.70 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.75 | +0.47 |
| Martin ratioReturn relative to average drawdown | 12.00 | 10.09 | +1.91 |
Loading charts...
Drawdowns
DNLDX vs. DRMBX - Drawdown Comparison
The maximum DNLDX drawdown since its inception was -63.69%, which is greater than DRMBX's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for DNLDX and DRMBX.
Loading charts...
Drawdown Indicators
| DNLDX | DRMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -14.48% | -49.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -2.81% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -6.26% | -14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.42% | -14.48% | -8.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -14.48% | -27.75% |
Current DrawdownCurrent decline from peak | -0.59% | 0.00% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -1.98% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.76% | +1.19% |
Volatility
DNLDX vs. DRMBX - Volatility Comparison
BNY Mellon Active MidCap Fund (DNLDX) has a higher volatility of 4.53% compared to BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) at 0.78%. This indicates that DNLDX's price experiences larger fluctuations and is considered to be riskier than DRMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DNLDX | DRMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 0.78% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 2.15% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 2.88% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 3.99% | +14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 4.04% | +15.50% |
DNLDX vs. DRMBX - Expense Ratio Comparison
DNLDX has a 1.00% expense ratio, which is higher than DRMBX's 0.49% expense ratio.
Dividends
DNLDX vs. DRMBX - Dividend Comparison
DNLDX's dividend yield for the trailing twelve months is around 13.31%, more than DRMBX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 13.31% | 14.15% | 15.24% | 1.69% | 8.82% | 17.74% | 2.77% | 2.65% | 11.14% | 11.32% | 1.00% | 3.12% |
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | 3.39% | 4.30% | 3.02% | 2.30% | 2.06% | 1.93% | 2.37% | 3.30% | 2.95% | 3.07% | 3.24% | 3.47% |
Frequently Asked Questions
DNLDX and DRMBX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNLDX has higher volatility (4.53%) compared to DRMBX (0.78%). In terms of maximum drawdown, DNLDX dropped -63.69% vs DRMBX's -14.48%.
DRMBX currently has the higher Sharpe Ratio (2.68 vs 1.73), 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.
Find the right allocation for DNLDX and DRMBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer