DQIRX vs. VOO
Compare and contrast key facts about BNY Mellon Equity Income Fund (DQIRX) and Vanguard S&P 500 ETF (VOO).
DQIRX is managed by Dreyfus. It was launched on Jul 5, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DQIRX or VOO.
Key characteristics
| DQIRX | VOO | |
|---|---|---|
| YTD Return | 21.45% | 19.30% |
| 1Y Return | 30.00% | 28.36% |
| 3Y Return (Ann) | 12.90% | 10.06% |
| 5Y Return (Ann) | 14.35% | 15.26% |
| 10Y Return (Ann) | 11.25% | 12.92% |
| Sharpe Ratio | 2.56 | 2.26 |
| Daily Std Dev | 11.82% | 12.63% |
| Max Drawdown | -50.77% | -33.99% |
| Current Drawdown | -0.32% | -0.28% |
Correlation
The correlation between DQIRX and VOO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DQIRX vs. VOO - Performance Comparison
In the year-to-date period, DQIRX achieves a 21.45% return, which is significantly higher than VOO's 19.30% return. Over the past 10 years, DQIRX has underperformed VOO with an annualized return of 11.25%, while VOO has yielded a comparatively higher 12.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DQIRX vs. VOO - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DQIRX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
DQIRX vs. VOO - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 3.77%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 3.77% | 4.56% | 6.54% | 2.61% | 3.42% | 2.50% | 5.29% | 8.45% | 4.04% | 9.91% | 5.51% | 3.81% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DQIRX vs. VOO - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -50.77%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DQIRX and VOO. For additional features, visit the drawdowns tool.
Volatility
DQIRX vs. VOO - Volatility Comparison
BNY Mellon Equity Income Fund (DQIRX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.91% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.