DNLDX vs. SPY
Compare and contrast key facts about BNY Mellon Active MidCap Fund (DNLDX) and SPDR S&P 500 ETF (SPY).
DNLDX is managed by BNY Mellon. It was launched on Jan 29, 1985. 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: DNLDX or SPY.
Correlation
The correlation between DNLDX and SPY is 0.87, 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.
Performance
DNLDX vs. SPY - Performance Comparison
Key characteristics
DNLDX:
0.15
SPY:
0.54
DNLDX:
0.35
SPY:
0.90
DNLDX:
1.05
SPY:
1.13
DNLDX:
0.13
SPY:
0.58
DNLDX:
0.48
SPY:
2.32
DNLDX:
6.16%
SPY:
4.69%
DNLDX:
20.08%
SPY:
20.01%
DNLDX:
-64.89%
SPY:
-55.19%
DNLDX:
-11.82%
SPY:
-8.61%
Returns By Period
In the year-to-date period, DNLDX achieves a -5.42% return, which is significantly lower than SPY's -4.42% return. Over the past 10 years, DNLDX has underperformed SPY with an annualized return of 6.22%, while SPY has yielded a comparatively higher 12.16% annualized return.
DNLDX
-5.42%
-0.58%
-2.94%
4.78%
13.73%
6.22%
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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DNLDX vs. SPY - Expense Ratio Comparison
DNLDX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DNLDX vs. SPY — Risk-Adjusted Performance Rank
DNLDX
SPY
DNLDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) 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
DNLDX vs. SPY - Dividend Comparison
DNLDX's dividend yield for the trailing twelve months is around 0.63%, less than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 0.63% | 0.54% | 0.74% | 0.74% | 0.49% | 0.68% | 0.46% | 0.54% | 0.38% | 0.31% | 0.59% | 0.26% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DNLDX vs. SPY - Drawdown Comparison
The maximum DNLDX drawdown since its inception was -64.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DNLDX and SPY. For additional features, visit the drawdowns tool.
Volatility
DNLDX vs. SPY - Volatility Comparison
The current volatility for BNY Mellon Active MidCap Fund (DNLDX) is 13.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that DNLDX 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.