DQIRX vs. PKAIX
DQIRX (BNY Mellon Equity Income Fund) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 10 years, DQIRX returned 14.66%/yr vs 14.21%/yr for PKAIX. Their correlation of 0.89 suggests significant overlap in exposure. DQIRX charges 0.78%/yr vs 0.40%/yr for PKAIX.
Performance
DQIRX vs. PKAIX - Performance Comparison
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Returns By Period
In the year-to-date period, DQIRX achieves a 15.67% return, which is significantly lower than PKAIX's 24.56% return. Both investments have delivered pretty close results over the past 10 years, with DQIRX having a 14.66% annualized return and PKAIX not far behind at 14.21%.
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%
PKAIX
- 1D
- 0.71%
- 1M
- 7.80%
- YTD
- 24.56%
- 6M
- 20.98%
- 1Y
- 43.47%
- 3Y*
- 25.53%
- 5Y*
- 15.06%
- 10Y*
- 14.21%
DQIRX vs. PKAIX - 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% | 17.40% |
PKAIX PIMCO RAE US Fund | 24.56% | 17.19% | 16.28% | 17.02% | -3.36% | 27.74% | 3.94% | 24.92% | -6.92% | 16.51% |
Correlation
The correlation between DQIRX and PKAIX is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015 | 0.89 |
Over the past year, the correlation between DQIRX and PKAIX has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
DQIRX vs. PKAIX — Risk / Return Rank
DQIRX
PKAIX
DQIRX vs. PKAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and PIMCO RAE US Fund (PKAIX). 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 | PKAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.62 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 8.80 | -3.56 |
| Martin ratioReturn relative to average drawdown | 22.94 | 27.00 | -4.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DQIRX | PKAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 3.52 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.85 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.76 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.70 | -0.12 |
Drawdowns
DQIRX vs. PKAIX - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -50.77%, which is greater than PKAIX's maximum drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for DQIRX and PKAIX.
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Drawdown Indicators
| DQIRX | PKAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.77% | -38.56% | -12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -5.15% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -20.31% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -20.64% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -36.82% | -38.56% | +1.74% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -4.72% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.67% | -0.12% |
Volatility
DQIRX vs. PKAIX - Volatility Comparison
The current volatility for BNY Mellon Equity Income Fund (DQIRX) is 2.58%, while PIMCO RAE US Fund (PKAIX) has a volatility of 3.11%. This indicates that DQIRX experiences smaller price fluctuations and is considered to be less risky than PKAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DQIRX | PKAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.11% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 9.37% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 12.88% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 17.78% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 18.85% | -1.46% |
DQIRX vs. PKAIX - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than PKAIX's 0.40% expense ratio.
Dividends
DQIRX vs. PKAIX - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 2.81%, less than PKAIX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PKAIX PIMCO RAE US Fund | 11.05% | 13.77% | 16.77% | 6.65% | 8.09% | 10.03% | 3.20% | 4.91% | 6.85% | 5.85% | 5.33% | 3.49% |
Frequently Asked Questions
DQIRX and PKAIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PKAIX has higher volatility (3.11%) compared to DQIRX (2.58%). In terms of maximum drawdown, DQIRX dropped -50.77% vs PKAIX's -38.56%.
PKAIX currently has the higher Sharpe Ratio (3.52 vs 3.26), 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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