DQIRX vs. ABALX
Compare and contrast key facts about BNY Mellon Equity Income Fund (DQIRX) and American Funds American Balanced Fund Class A (ABALX).
DQIRX is managed by Dreyfus. It was launched on Jul 5, 2006. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DQIRX or ABALX.
Correlation
The correlation between DQIRX and ABALX is 0.92, 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
DQIRX vs. ABALX - Performance Comparison
Key characteristics
DQIRX:
1.47
ABALX:
1.14
DQIRX:
1.91
ABALX:
1.49
DQIRX:
1.28
ABALX:
1.22
DQIRX:
2.27
ABALX:
1.54
DQIRX:
6.54
ABALX:
4.74
DQIRX:
2.87%
ABALX:
2.38%
DQIRX:
12.79%
ABALX:
9.96%
DQIRX:
-51.52%
ABALX:
-39.31%
DQIRX:
-4.89%
ABALX:
-3.29%
Returns By Period
In the year-to-date period, DQIRX achieves a 2.69% return, which is significantly lower than ABALX's 3.64% return. Over the past 10 years, DQIRX has outperformed ABALX with an annualized return of 8.56%, while ABALX has yielded a comparatively lower 5.49% annualized return.
DQIRX
2.69%
3.39%
7.53%
18.36%
10.59%
8.56%
ABALX
3.64%
4.06%
4.33%
10.85%
5.79%
5.49%
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DQIRX vs. ABALX - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
DQIRX vs. ABALX — Risk-Adjusted Performance Rank
DQIRX
ABALX
DQIRX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and American Funds American Balanced Fund Class A (ABALX). 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
DQIRX vs. ABALX - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 1.58%, less than ABALX's 2.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 1.58% | 1.77% | 2.14% | 2.50% | 1.79% | 3.42% | 2.51% | 2.86% | 2.59% | 3.33% | 3.30% | 2.80% |
ABALX American Funds American Balanced Fund Class A | 2.02% | 2.10% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% |
Drawdowns
DQIRX vs. ABALX - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -51.52%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for DQIRX and ABALX. For additional features, visit the drawdowns tool.
Volatility
DQIRX vs. ABALX - Volatility Comparison
BNY Mellon Equity Income Fund (DQIRX) has a higher volatility of 3.85% compared to American Funds American Balanced Fund Class A (ABALX) at 2.93%. This indicates that DQIRX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.