DQIRX vs. GSFTX
DQIRX (BNY Mellon Equity Income Fund) and GSFTX (Columbia Dividend Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, DQIRX returned 14.39%/yr vs 12.58%/yr for GSFTX. Their correlation of 0.93 suggests significant overlap in exposure. DQIRX charges 0.78%/yr vs 0.66%/yr for GSFTX.
Performance
DQIRX vs. GSFTX - Performance Comparison
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Returns By Period
In the year-to-date period, DQIRX achieves a 13.39% return, which is significantly higher than GSFTX's 8.83% return. Over the past 10 years, DQIRX has outperformed GSFTX with an annualized return of 14.39%, while GSFTX has yielded a comparatively lower 12.58% annualized return.
DQIRX
- 1D
- 0.80%
- 1M
- -0.95%
- YTD
- 13.39%
- 6M
- 13.04%
- 1Y
- 31.76%
- 3Y*
- 23.08%
- 5Y*
- 16.11%
- 10Y*
- 14.39%
GSFTX
- 1D
- -0.11%
- 1M
- 0.40%
- YTD
- 8.83%
- 6M
- 8.35%
- 1Y
- 21.43%
- 3Y*
- 15.88%
- 5Y*
- 11.52%
- 10Y*
- 12.58%
DQIRX vs. GSFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 13.39% | 19.01% | 26.93% | 19.21% | -9.35% | 29.13% | 4.81% | 24.98% | -3.60% | 17.40% |
GSFTX Columbia Dividend Income Fund | 8.83% | 15.88% | 15.00% | 10.57% | -4.94% | 26.26% | 7.75% | 28.12% | -4.38% | 20.16% |
Correlation
The correlation between DQIRX and GSFTX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2006 | 0.93 |
Over the past year, the correlation between DQIRX and GSFTX has dropped to 0.72 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
DQIRX vs. GSFTX — Risk / Return Rank
DQIRX
GSFTX
DQIRX vs. GSFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and Columbia Dividend Income Fund (GSFTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DQIRX | GSFTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.42 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 3.91 | +0.78 |
| Martin ratioReturn relative to average drawdown | 19.39 | 14.78 | +4.61 |
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Drawdowns
DQIRX vs. GSFTX - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -50.77%, which is greater than GSFTX's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for DQIRX and GSFTX.
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Drawdown Indicators
| DQIRX | GSFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.77% | -47.69% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -5.51% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -13.01% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -17.01% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.82% | -32.76% | -4.06% |
Current DrawdownCurrent decline from peak | -1.98% | -1.04% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.36% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.45% | +0.19% |
Volatility
DQIRX vs. GSFTX - Volatility Comparison
BNY Mellon Equity Income Fund (DQIRX) has a higher volatility of 4.21% compared to Columbia Dividend Income Fund (GSFTX) at 2.65%. This indicates that DQIRX's price experiences larger fluctuations and is considered to be riskier than GSFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DQIRX | GSFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.65% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 6.89% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 9.17% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 13.26% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 15.69% | +1.73% |
DQIRX vs. GSFTX - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than GSFTX's 0.66% expense ratio.
Dividends
DQIRX vs. GSFTX - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 2.87%, less than GSFTX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 2.87% | 3.12% | 7.05% | 4.56% | 6.54% | 2.61% | 3.42% | 2.50% | 5.29% | 8.45% | 4.04% | 8.22% |
GSFTX Columbia Dividend Income Fund | 4.96% | 5.35% | 6.02% | 4.96% | 3.87% | 2.87% | 1.74% | 2.90% | 7.63% | 4.00% | 3.77% | 8.27% |
Frequently Asked Questions
DQIRX and GSFTX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DQIRX has higher volatility (4.21%) compared to GSFTX (2.65%). In terms of maximum drawdown, DQIRX dropped -50.77% vs GSFTX's -47.69%.
DQIRX currently has the higher Sharpe Ratio (2.79 vs 2.35), 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.
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