DREVX vs. DITEX

Last updated Jun 5, 2026

DREVX (BNY Mellon Large Cap Securities Fund) and DITEX (BNY Mellon Intermediate Municipal Bond Fund) are both mutual funds - DREVX is a Large Cap Growth Equities fund managed by BNY Mellon, while DITEX is a Municipal Bonds fund managed by BNY Mellon. Over the past 10 years, DREVX returned 15.79%/yr vs 1.94%/yr for DITEX. At a 0.02 correlation, their price movements are largely independent. DREVX charges 0.70%/yr vs 0.72%/yr for DITEX.

Performance

DREVX vs. DITEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Large Cap Securities Fund (DREVX) and BNY Mellon Intermediate Municipal Bond Fund (DITEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DREVX achieves a 6.74% return, which is significantly higher than DITEX's 1.15% return. Over the past 10 years, DREVX has outperformed DITEX with an annualized return of 15.79%, while DITEX has yielded a comparatively lower 1.94% annualized return.

DREVX

• 1D: -0.82%
• 1M: 2.89%
• YTD: 6.74%
• 6M: 7.34%
• 1Y: 22.31%
• 3Y*: 21.80%
• 5Y*: 14.48%
• 10Y*: 15.79%

DITEX

• 1D: 0.00%
• 1M: 0.49%
• YTD: 1.15%
• 6M: 1.49%
• 1Y: 6.38%
• 3Y*: 3.92%
• 5Y*: 1.03%
• 10Y*: 1.94%

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

DREVX vs. DITEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DREVX BNY Mellon Large Cap Securities Fund	6.74%	16.70%	27.17%	31.07%	-17.94%	27.17%	26.52%	27.09%	-1.29%	20.12%
DITEX BNY Mellon Intermediate Municipal Bond Fund	1.15%	5.56%	1.21%	5.35%	-7.61%	0.43%	4.29%	7.35%	0.78%	4.40%

Correlation

The correlation between DREVX and DITEX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Aug 12, 1983	0.02

The correlation between DREVX and DITEX shifts across timeframes, from -0.00 (10 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DREVX vs. DITEX — Risk / Return Rank

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

DREVX

DREVX Risk / Return Rank: 33
DREVX Sharpe Ratio Rank: 34
DREVX Sortino Ratio Rank: 32
DREVX Omega Ratio Rank: 32
DREVX Calmar Ratio Rank: 28
DREVX Martin Ratio Rank: 38

DITEX

DITEX Risk / Return Rank: 69
DITEX Sharpe Ratio Rank: 90
DITEX Sortino Ratio Rank: 91
DITEX Omega Ratio Rank: 95
DITEX Calmar Ratio Rank: 36
DITEX Martin Ratio Rank: 33

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.

DREVX vs. DITEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Large Cap Securities Fund (DREVX) and BNY Mellon Intermediate Municipal Bond Fund (DITEX). 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.

	DREVX	DITEX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.94	-1.26
Sortino ratio: Return per unit of downside risk	2.34	4.53	-2.19
Omega ratio: Gain probability vs. loss probability	1.30	1.77	-0.47
Calmar ratio: Return relative to maximum drawdown	1.96	2.20	-0.24
Martin ratio: Return relative to average drawdown	8.27	7.24	+1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DREVX vs. DITEX - Sharpe Ratio Comparison

The current DREVX Sharpe Ratio is 1.68, which is lower than the DITEX Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of DREVX and DITEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DREVX	DITEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.94	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.33	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.57	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.16	-0.78

Drawdowns

DREVX vs. DITEX - Drawdown Comparison

The maximum DREVX drawdown since its inception was -54.68%, which is greater than DITEX's maximum drawdown of -12.03%. Use the drawdown chart below to compare losses from any high point for DREVX and DITEX.

Drawdown Indicators

	DREVX	DITEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-12.03%	-42.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-2.99%	-8.42%
Max Drawdown (3Y) Largest decline over 3 years	-22.52%	-4.35%	-18.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	-11.99%	-12.70%
Max Drawdown (10Y) Largest decline over 10 years	-32.25%	-11.99%	-20.26%
Current Drawdown Current decline from peak	-0.82%	-1.02%	+0.20%
Average Drawdown Average peak-to-trough decline	-13.01%	-1.92%	-11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	0.91%	+1.79%

Volatility

DREVX vs. DITEX - Volatility Comparison

BNY Mellon Large Cap Securities Fund (DREVX) has a higher volatility of 3.23% compared to BNY Mellon Intermediate Municipal Bond Fund (DITEX) at 0.90%. This indicates that DREVX's price experiences larger fluctuations and is considered to be riskier than DITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DREVX	DITEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	0.90%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	1.79%	+8.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	2.24%	+11.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	3.11%	+15.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	3.39%	+15.55%

DREVX vs. DITEX - Expense Ratio Comparison

DREVX has a 0.70% expense ratio, which is lower than DITEX's 0.72% expense ratio.

Dividends

DREVX vs. DITEX - Dividend Comparison

DREVX's dividend yield for the trailing twelve months is around 9.91%, more than DITEX's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DITEX BNY Mellon Intermediate Municipal Bond Fund	2.91%	3.46%	2.86%	2.38%	2.11%	2.03%	2.51%	3.38%	3.47%	2.99%	3.69%	3.32%
DREVX BNY Mellon Large Cap Securities Fund	9.91%	12.89%	8.77%	5.12%	4.82%	11.43%	6.28%	6.74%	9.01%	9.11%	8.71%	11.24%

Frequently Asked Questions

Can I hold both DREVX and DITEX in my portfolio?

DREVX and DITEX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DREVX or DITEX?

DREVX has higher volatility (3.23%) compared to DITEX (0.90%). In terms of maximum drawdown, DREVX dropped -54.68% vs DITEX's -12.03%.

Which has better risk-adjusted returns?

DITEX currently has the higher Sharpe Ratio (2.94 vs 1.68), 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.