DQIRX vs. AFMFX

Last updated Jun 4, 2026

DQIRX (BNY Mellon Equity Income Fund) and AFMFX (American Funds American Mutual Fund Class F-3) are both Large Cap Value Equities funds. Over the past 5 years, DQIRX returned 15.92%/yr vs 10.36%/yr for AFMFX. Their correlation of 0.90 suggests significant overlap in exposure. DQIRX charges 0.78%/yr vs 0.27%/yr for AFMFX.

Performance

DQIRX vs. AFMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Equity Income Fund (DQIRX) and American Funds American Mutual Fund Class F-3 (AFMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DQIRX achieves a 15.67% return, which is significantly higher than AFMFX's 6.78% return.

DQIRX

• 1D: 0.69%
• 1M: 5.25%
• YTD: 15.67%
• 6M: 15.85%
• 1Y: 34.58%
• 3Y*: 25.17%
• 5Y*: 15.92%
• 10Y*: 14.66%

AFMFX

• 1D: 0.62%
• 1M: 2.98%
• YTD: 6.78%
• 6M: 7.02%
• 1Y: 17.61%
• 3Y*: 15.85%
• 5Y*: 10.36%
• 10Y*: —

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

DQIRX vs. AFMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DQIRX BNY Mellon Equity Income Fund	15.67%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	11.04%
AFMFX American Funds American Mutual Fund Class F-3	6.78%	16.43%	15.30%	9.77%	-4.19%	23.64%	5.04%	21.90%	-1.98%	11.75%

Correlation

The correlation between DQIRX and AFMFX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017	0.90

The correlation between DQIRX and AFMFX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

DQIRX vs. AFMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DQIRX

DQIRX Risk / Return Rank: 92
DQIRX Sharpe Ratio Rank: 94
DQIRX Sortino Ratio Rank: 90
DQIRX Omega Ratio Rank: 87
DQIRX Calmar Ratio Rank: 93
DQIRX Martin Ratio Rank: 95

AFMFX

AFMFX Risk / Return Rank: 42
AFMFX Sharpe Ratio Rank: 43
AFMFX Sortino Ratio Rank: 41
AFMFX Omega Ratio Rank: 42
AFMFX Calmar Ratio Rank: 37
AFMFX 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.

DQIRX vs. AFMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and American Funds American Mutual Fund Class F-3 (AFMFX). 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.

	DQIRX	AFMFX	Difference
Sharpe ratio: Return per unit of total volatility	3.26	1.92	+1.34
Sortino ratio: Return per unit of downside risk	4.34	2.68	+1.66
Omega ratio: Gain probability vs. loss probability	1.61	1.35	+0.26
Calmar ratio: Return relative to maximum drawdown	5.24	2.31	+2.93
Martin ratio: Return relative to average drawdown	22.94	9.27	+13.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DQIRX vs. AFMFX - Sharpe Ratio Comparison

The current DQIRX Sharpe Ratio is 3.26, which is higher than the AFMFX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of DQIRX and AFMFX, 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

	DQIRX	AFMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	1.92	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.83	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.76	-0.18

Drawdowns

DQIRX vs. AFMFX - Drawdown Comparison

The maximum DQIRX drawdown since its inception was -50.77%, which is greater than AFMFX's maximum drawdown of -29.79%. Use the drawdown chart below to compare losses from any high point for DQIRX and AFMFX.

Drawdown Indicators

	DQIRX	AFMFX	Difference
Max Drawdown Largest peak-to-trough decline	-50.77%	-29.79%	-20.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-7.90%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-12.91%	-5.57%
Max Drawdown (5Y) Largest decline over 5 years	-20.34%	-15.16%	-5.18%
Max Drawdown (10Y) Largest decline over 10 years	-36.82%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.93%	-2.92%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.96%	-0.41%

Volatility

DQIRX vs. AFMFX - Volatility Comparison

BNY Mellon Equity Income Fund (DQIRX) has a higher volatility of 2.58% compared to American Funds American Mutual Fund Class F-3 (AFMFX) at 2.36%. This indicates that DQIRX's price experiences larger fluctuations and is considered to be riskier than AFMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DQIRX	AFMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	2.36%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	7.36%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.93%	9.50%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	12.50%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	14.50%	+2.89%

DQIRX vs. AFMFX - Expense Ratio Comparison

DQIRX has a 0.78% expense ratio, which is higher than AFMFX's 0.27% expense ratio.

Dividends

DQIRX vs. AFMFX - Dividend Comparison

DQIRX's dividend yield for the trailing twelve months is around 2.81%, less than AFMFX's 7.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFMFX American Funds American Mutual Fund Class F-3	7.40%	7.86%	6.60%	4.06%	5.20%	3.58%	2.22%	4.89%	6.75%	6.25%	0.00%	0.00%
DQIRX BNY Mellon Equity Income Fund	2.81%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%

Frequently Asked Questions

Can I hold both DQIRX and AFMFX in my portfolio?

DQIRX and AFMFX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DQIRX or AFMFX?

DQIRX has higher volatility (2.58%) compared to AFMFX (2.36%). In terms of maximum drawdown, DQIRX dropped -50.77% vs AFMFX's -29.79%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (3.26 vs 1.92), 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.