DQEIX vs. DGRO
Compare and contrast key facts about BNY Mellon Global Equity Income Fund (DQEIX) and iShares Core Dividend Growth ETF (DGRO).
DQEIX is managed by Dreyfus. It was launched on Oct 17, 2007. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DQEIX or DGRO.
Key characteristics
| DQEIX | DGRO | |
|---|---|---|
| YTD Return | 12.41% | 20.57% |
| 1Y Return | 13.65% | 30.60% |
| 3Y Return (Ann) | -1.70% | 9.62% |
| 5Y Return (Ann) | 3.15% | 12.93% |
| 10Y Return (Ann) | 4.21% | 12.82% |
| Sharpe Ratio | 1.18 | 3.11 |
| Sortino Ratio | 1.51 | 4.31 |
| Omega Ratio | 1.24 | 1.57 |
| Calmar Ratio | 0.63 | 2.61 |
| Martin Ratio | 4.64 | 20.00 |
| Ulcer Index | 2.98% | 1.55% |
| Daily Std Dev | 11.74% | 9.97% |
| Max Drawdown | -52.74% | -35.10% |
| Current Drawdown | -6.83% | 0.00% |
Correlation
The correlation between DQEIX and DGRO is 0.84, 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
DQEIX vs. DGRO - Performance Comparison
In the year-to-date period, DQEIX achieves a 12.41% return, which is significantly lower than DGRO's 20.57% return. Over the past 10 years, DQEIX has underperformed DGRO with an annualized return of 4.21%, while DGRO has yielded a comparatively higher 12.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DQEIX vs. DGRO - Expense Ratio Comparison
DQEIX has a 0.92% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
DQEIX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Equity Income Fund (DQEIX) and iShares Core Dividend Growth ETF (DGRO). 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
DQEIX vs. DGRO - Dividend Comparison
DQEIX's dividend yield for the trailing twelve months is around 2.79%, more than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQEIX BNY Mellon Global Equity Income Fund | 2.79% | 3.07% | 2.54% | 2.17% | 1.97% | 2.48% | 3.20% | 2.89% | 2.59% | 3.27% | 4.21% | 2.82% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
DQEIX vs. DGRO - Drawdown Comparison
The maximum DQEIX drawdown since its inception was -52.74%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for DQEIX and DGRO. For additional features, visit the drawdowns tool.
Volatility
DQEIX vs. DGRO - Volatility Comparison
BNY Mellon Global Equity Income Fund (DQEIX) has a higher volatility of 2.91% compared to iShares Core Dividend Growth ETF (DGRO) at 2.42%. This indicates that DQEIX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.