DREVX vs. DNLAX

Last updated Jun 5, 2026

DREVX (BNY Mellon Large Cap Securities Fund) and DNLAX (BNY Mellon Natural Resources Fund Class A) are both mutual funds - DREVX is a Large Cap Growth Equities fund managed by BNY Mellon, while DNLAX is a Energy Equities fund managed by BNY Mellon. Over the past 10 years, DREVX returned 15.79%/yr vs 13.98%/yr for DNLAX. A 0.66 correlation means they provide meaningful diversification when combined. DREVX charges 0.70%/yr vs 1.14%/yr for DNLAX.

Performance

DREVX vs. DNLAX - 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 Natural Resources Fund Class A (DNLAX). 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 lower than DNLAX's 27.33% return. Over the past 10 years, DREVX has outperformed DNLAX with an annualized return of 15.79%, while DNLAX has yielded a comparatively lower 13.98% 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%

DNLAX

• 1D: -0.27%
• 1M: 1.73%
• YTD: 27.33%
• 6M: 29.36%
• 1Y: 54.48%
• 3Y*: 16.67%
• 5Y*: 16.05%
• 10Y*: 13.98%

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

DREVX vs. DNLAX - 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%
DNLAX BNY Mellon Natural Resources Fund Class A	27.33%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%

Correlation

The correlation between DREVX and DNLAX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003	0.66

Over the past year, the correlation between DREVX and DNLAX has dropped to 0.31 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

DREVX vs. DNLAX — 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

DNLAX

DNLAX Risk / Return Rank: 87
DNLAX Sharpe Ratio Rank: 90
DNLAX Sortino Ratio Rank: 80
DNLAX Omega Ratio Rank: 75
DNLAX Calmar Ratio Rank: 97
DNLAX Martin Ratio Rank: 95

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. DNLAX - 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 Natural Resources Fund Class A (DNLAX). 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	DNLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.98	-1.30
Sortino ratio: Return per unit of downside risk	2.34	3.83	-1.49
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.20
Calmar ratio: Return relative to maximum drawdown	1.96	7.20	-5.23
Martin ratio: Return relative to average drawdown	8.27	22.69	-14.42
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. DNLAX - Sharpe Ratio Comparison

The current DREVX Sharpe Ratio is 1.68, which is lower than the DNLAX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of DREVX and DNLAX, 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	DNLAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.98	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.63	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.55	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.37	+0.01

Drawdowns

DREVX vs. DNLAX - Drawdown Comparison

The maximum DREVX drawdown since its inception was -54.68%, smaller than the maximum DNLAX drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for DREVX and DNLAX.

Drawdown Indicators

	DREVX	DNLAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-69.14%	+14.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-7.51%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	-22.52%	-32.37%	+9.85%
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	-32.37%	+7.68%
Max Drawdown (10Y) Largest decline over 10 years	-32.25%	-54.45%	+22.20%
Current Drawdown Current decline from peak	-0.82%	-0.27%	-0.55%
Average Drawdown Average peak-to-trough decline	-13.01%	-21.55%	+8.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.38%	+0.32%

Volatility

DREVX vs. DNLAX - Volatility Comparison

The current volatility for BNY Mellon Large Cap Securities Fund (DREVX) is 3.23%, while BNY Mellon Natural Resources Fund Class A (DNLAX) has a volatility of 4.61%. This indicates that DREVX experiences smaller price fluctuations and is considered to be less risky than DNLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DREVX	DNLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	4.61%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	13.49%	-3.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	18.15%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	25.65%	-6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	25.50%	-6.56%

DREVX vs. DNLAX - Expense Ratio Comparison

DREVX has a 0.70% expense ratio, which is lower than DNLAX's 1.14% expense ratio.

Dividends

DREVX vs. DNLAX - Dividend Comparison

DREVX's dividend yield for the trailing twelve months is around 9.91%, more than DNLAX's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLAX BNY Mellon Natural Resources Fund Class A	1.72%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%
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 DNLAX in my portfolio?

DREVX and DNLAX have a correlation of 0.31, 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 DNLAX?

DNLAX has higher volatility (4.61%) compared to DREVX (3.23%). In terms of maximum drawdown, DREVX dropped -54.68% vs DNLAX's -69.14%.

Which has better risk-adjusted returns?

DNLAX currently has the higher Sharpe Ratio (2.98 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.