DNLDX vs. VIMAX

Last updated Jun 4, 2026

DNLDX (BNY Mellon Active MidCap Fund) and VIMAX (Vanguard Mid-Cap Index Fund Admiral Shares) are both Mid Cap Blend Equities funds. Over the past 10 years, DNLDX returned 10.01%/yr vs 11.58%/yr for VIMAX. With a 0.97 correlation, they move nearly in lockstep. DNLDX charges 1.00%/yr vs 0.05%/yr for VIMAX.

Performance

DNLDX vs. VIMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Active MidCap Fund (DNLDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNLDX achieves a 11.73% return, which is significantly higher than VIMAX's 10.54% return. Over the past 10 years, DNLDX has underperformed VIMAX with an annualized return of 10.01%, while VIMAX has yielded a comparatively higher 11.58% annualized return.

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%

VIMAX

• 1D: 0.90%
• 1M: 3.68%
• YTD: 10.54%
• 6M: 10.20%
• 1Y: 18.73%
• 3Y*: 16.82%
• 5Y*: 8.10%
• 10Y*: 11.58%

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

DNLDX vs. VIMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNLDX BNY Mellon Active MidCap Fund	11.73%	9.79%	22.27%	16.99%	-14.34%	26.49%	9.29%	16.82%	-14.46%	16.64%
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares	10.54%	11.67%	14.66%	16.53%	-18.70%	24.51%	18.18%	31.03%	-9.24%	19.26%

Correlation

The correlation between DNLDX and VIMAX is 0.96 - 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 (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001	0.97

The correlation between DNLDX and VIMAX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

DNLDX vs. VIMAX — 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

VIMAX

VIMAX Risk / Return Rank: 35
VIMAX Sharpe Ratio Rank: 32
VIMAX Sortino Ratio Rank: 31
VIMAX Omega Ratio Rank: 29
VIMAX Calmar Ratio Rank: 41
VIMAX Martin Ratio Rank: 44

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. VIMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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	VIMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.61	+0.08
Sortino ratio: Return per unit of downside risk	2.46	2.31	+0.15
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	3.05	2.44	+0.60
Martin ratio: Return relative to average drawdown	11.45	9.28	+2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DNLDX vs. VIMAX - Sharpe Ratio Comparison

The current DNLDX Sharpe Ratio is 1.70, which is comparable to the VIMAX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DNLDX and VIMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DNLDX	VIMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.61	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.46	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.61	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.50	+0.05

Drawdowns

DNLDX vs. VIMAX - Drawdown Comparison

The maximum DNLDX drawdown since its inception was -63.69%, which is greater than VIMAX's maximum drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for DNLDX and VIMAX.

Drawdown Indicators

	DNLDX	VIMAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.69%	-58.88%	-4.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-8.13%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-20.42%	-18.93%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	-23.42%	-27.55%	+4.13%
Max Drawdown (10Y) Largest decline over 10 years	-42.23%	-39.30%	-2.93%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.63%	-8.12%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.14%	-0.20%

Volatility

DNLDX vs. VIMAX - Volatility Comparison

BNY Mellon Active MidCap Fund (DNLDX) has a higher volatility of 3.36% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 2.97%. This indicates that DNLDX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNLDX	VIMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	2.97%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	9.28%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	12.30%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	17.63%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	18.92%	+0.59%

DNLDX vs. VIMAX - Expense Ratio Comparison

DNLDX has a 1.00% expense ratio, which is higher than VIMAX's 0.05% expense ratio.

Dividends

DNLDX vs. VIMAX - Dividend Comparison

DNLDX's dividend yield for the trailing twelve months is around 13.45%, more than VIMAX's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares	1.34%	1.51%	1.48%	1.50%	1.59%	1.11%	1.44%	1.47%	1.82%	1.35%	1.45%	1.47%

Frequently Asked Questions

Can I hold both DNLDX and VIMAX in my portfolio?

With a correlation of 0.96, DNLDX and VIMAX 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.

Which is riskier, DNLDX or VIMAX?

DNLDX has higher volatility (3.36%) compared to VIMAX (2.97%). In terms of maximum drawdown, DNLDX dropped -63.69% vs VIMAX's -58.88%.

Which has better risk-adjusted returns?

DNLDX currently has the higher Sharpe Ratio (1.70 vs 1.61), 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.