DQIRX vs. VHYAX
DQIRX (BNY Mellon Equity Income Fund) and VHYAX (Vanguard High Dividend Yield Index Fund Admiral Shares) are both mutual funds - DQIRX is a Dividend fund managed by Dreyfus, while VHYAX is a Large Cap Value Equities fund tracking the FTSE High Dividend Yield Index. Over the past 5 years, DQIRX returned 15.36%/yr vs 12.16%/yr for VHYAX. Their correlation of 0.87 means they have usually moved in the same direction. DQIRX charges 0.78%/yr vs 0.08%/yr for VHYAX.
Performance
DQIRX vs. VHYAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DQIRX having a 13.79% return and VHYAX slightly higher at 14.17%.
DQIRX
- 1D
- 1.03%
- 1M
- 1.33%
- 6M
- 10.63%
- YTD
- 13.79%
- 1Y
- 26.77%
- 3Y*
- 21.54%
- 5Y*
- 15.36%
- 10Y*
- 13.98%
- ALL TIME*
- 10.37%
VHYAX
- 1D
- 0.18%
- 1M
- 1.48%
- 6M
- 9.25%
- YTD
- 14.17%
- 1Y
- 24.78%
- 3Y*
- 16.81%
- 5Y*
- 12.16%
- 10Y*
- —
- ALL TIME*
- 12.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DQIRX vs. VHYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 13.79% | 19.01% | 26.93% | 19.21% | -9.35% | 29.13% | 4.81% | 16.31% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 14.17% | 15.39% | 17.39% | 6.68% | -0.45% | 26.08% | 1.06% | 16.67% |
Correlation
The correlation between DQIRX and VHYAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.87 |
The correlation between DQIRX and VHYAX shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DQIRX vs. VHYAX — Risk / Return Rank
DQIRX
VHYAX
DQIRX vs. VHYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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 | VHYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.31 | +0.28 |
| Martin ratioReturn relative to average drawdown | 13.49 | 12.56 | +0.93 |
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Drawdowns
DQIRX vs. VHYAX - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -50.77%, which is greater than VHYAX's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for DQIRX and VHYAX.
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Drawdown Indicators
| DQIRX | VHYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.77% | -35.14% | -15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -6.75% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -14.42% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -15.87% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -36.82% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | -1.13% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -3.71% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.79% | +0.02% |
Volatility
DQIRX vs. VHYAX - Volatility Comparison
BNY Mellon Equity Income Fund (DQIRX) has a higher volatility of 2.99% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 2.45%. This indicates that DQIRX's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DQIRX | VHYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.45% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 7.48% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.37% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 13.91% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 17.82% | -0.43% |
DQIRX vs. VHYAX - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than VHYAX's 0.08% expense ratio.
Dividends
DQIRX vs. VHYAX - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 2.88%, more than VHYAX's 2.22% 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% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.22% | 2.42% | 2.72% | 3.09% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DQIRX and VHYAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DQIRX has higher volatility (2.99%) compared to VHYAX (2.45%). In terms of maximum drawdown, DQIRX dropped -50.77% vs VHYAX's -35.14%.
VHYAX currently has the higher Sharpe Ratio (2.16 vs 2.10), 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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