DQIRX vs. HLQVX

Last updated Jun 26, 2026

DQIRX (BNY Mellon Equity Income Fund) and HLQVX (JPMorgan Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, DQIRX returned 14.39%/yr vs 14.28%/yr for HLQVX. Their correlation of 0.90 suggests significant overlap in exposure. DQIRX charges 0.78%/yr vs 0.69%/yr for HLQVX.

Performance

DQIRX vs. HLQVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Equity Income Fund (DQIRX) and JPMorgan Large Cap Value Fund (HLQVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DQIRX achieves a 11.58% return, which is significantly higher than HLQVX's 8.29% return. Both investments have delivered pretty close results over the past 10 years, with DQIRX having a 14.39% annualized return and HLQVX not far behind at 14.28%.

DQIRX

• 1D: -0.48%
• 1M: -2.89%
• YTD: 11.58%
• 6M: 10.31%
• 1Y: 27.83%
• 3Y*: 23.24%
• 5Y*: 15.12%
• 10Y*: 14.39%

HLQVX

• 1D: 0.22%
• 1M: 1.79%
• YTD: 8.29%
• 6M: 6.87%
• 1Y: 22.55%
• 3Y*: 20.43%
• 5Y*: 12.30%
• 10Y*: 14.28%

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

DQIRX vs. HLQVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DQIRX BNY Mellon Equity Income Fund	11.58%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%
HLQVX JPMorgan Large Cap Value Fund	8.29%	15.67%	27.12%	11.35%	-0.11%	23.57%	10.54%	27.44%	-15.21%	17.67%

Correlation

The correlation between DQIRX and HLQVX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 5, 2006	0.90

The correlation between DQIRX and HLQVX shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DQIRX vs. HLQVX — Risk / Return Rank

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

DQIRX

DQIRX Risk / Return Rank: 86
DQIRX Sharpe Ratio Rank: 86
DQIRX Sortino Ratio Rank: 80
DQIRX Omega Ratio Rank: 81
DQIRX Calmar Ratio Rank: 91
DQIRX Martin Ratio Rank: 92

HLQVX

HLQVX Risk / Return Rank: 46
HLQVX Sharpe Ratio Rank: 48
HLQVX Sortino Ratio Rank: 48
HLQVX Omega Ratio Rank: 44
HLQVX Calmar Ratio Rank: 49
HLQVX Martin Ratio Rank: 41

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. HLQVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and JPMorgan Large Cap Value Fund (HLQVX). 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	HLQVX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.69	+0.74
Sortino ratio: Return per unit of downside risk	3.24	2.40	+0.84
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	4.09	2.32	+1.77
Martin ratio: Return relative to average drawdown	16.57	7.72	+8.85

DQIRX vs. HLQVX - Sharpe Ratio Comparison

The current DQIRX Sharpe Ratio is 2.42, which is higher than the HLQVX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of DQIRX and HLQVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DQIRX vs. HLQVX - Drawdown Comparison

The maximum DQIRX drawdown since its inception was -50.77%, smaller than the maximum HLQVX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for DQIRX and HLQVX.

Drawdown Indicators

	DQIRX	HLQVX	Difference
Max Drawdown Largest peak-to-trough decline	-50.77%	-60.03%	+9.26%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-9.31%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-16.11%	-2.37%
Max Drawdown (5Y) Largest decline over 5 years	-20.34%	-18.38%	-1.96%
Max Drawdown (10Y) Largest decline over 10 years	-36.82%	-43.21%	+6.39%
Current Drawdown Current decline from peak	-3.54%	-1.17%	-2.37%
Average Drawdown Average peak-to-trough decline	-6.92%	-9.38%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.79%	-1.12%

Volatility

DQIRX vs. HLQVX - Volatility Comparison

The current volatility for BNY Mellon Equity Income Fund (DQIRX) is 4.15%, while JPMorgan Large Cap Value Fund (HLQVX) has a volatility of 4.71%. This indicates that DQIRX experiences smaller price fluctuations and is considered to be less risky than HLQVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DQIRX	HLQVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.71%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	9.78%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	12.84%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	16.37%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	20.30%	-2.89%

DQIRX vs. HLQVX - Expense Ratio Comparison

DQIRX has a 0.78% expense ratio, which is higher than HLQVX's 0.69% expense ratio.

Dividends

DQIRX vs. HLQVX - Dividend Comparison

DQIRX's dividend yield for the trailing twelve months is around 2.92%, less than HLQVX's 7.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.92%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
HLQVX JPMorgan Large Cap Value Fund	7.39%	8.05%	20.76%	5.44%	5.80%	8.22%	1.05%	1.38%	9.09%	9.21%	5.91%	14.85%

Frequently Asked Questions

Can I hold both DQIRX and HLQVX in my portfolio?

DQIRX and HLQVX have a correlation of 0.79, 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 HLQVX?

HLQVX has higher volatility (4.71%) compared to DQIRX (4.15%). In terms of maximum drawdown, DQIRX dropped -50.77% vs HLQVX's -60.03%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (2.42 vs 1.69), 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.