DREVX vs. DRNJX
DREVX (BNY Mellon Large Cap Securities Fund) and DRNJX (BNY Mellon New Jersey Municipal Bond Fund Class A) are both mutual funds - DREVX is a Large Cap Growth Equities fund managed by BNY Mellon, while DRNJX is a Municipal Bonds fund managed by BNY Mellon. Over the past 10 years, DREVX returned 15.99%/yr vs 1.75%/yr for DRNJX. At a correlation of -0.10, they often move in opposite directions. DREVX charges 0.70%/yr vs 0.95%/yr for DRNJX.
Performance
DREVX vs. DRNJX - Performance Comparison
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Returns By Period
In the year-to-date period, DREVX achieves a 5.18% return, which is significantly higher than DRNJX's 1.72% return. Over the past 10 years, DREVX has outperformed DRNJX with an annualized return of 15.99%, while DRNJX has yielded a comparatively lower 1.75% annualized return.
DREVX
- 1D
- -1.79%
- 1M
- -0.49%
- YTD
- 5.18%
- 6M
- 3.85%
- 1Y
- 17.94%
- 3Y*
- 20.49%
- 5Y*
- 13.59%
- 10Y*
- 15.99%
DRNJX
- 1D
- -0.08%
- 1M
- 1.62%
- YTD
- 1.72%
- 6M
- 1.98%
- 1Y
- 7.11%
- 3Y*
- 3.48%
- 5Y*
- 0.58%
- 10Y*
- 1.75%
DREVX vs. DRNJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DREVX BNY Mellon Large Cap Securities Fund | 5.18% | 16.70% | 27.17% | 31.07% | -17.94% | 27.17% | 26.52% | 27.09% | -1.29% | 20.12% |
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 1.72% | 4.00% | 1.68% | 5.55% | -9.74% | 1.24% | 4.17% | 7.31% | 1.16% | 5.65% |
Correlation
The correlation between DREVX and DRNJX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.10 |
The correlation between DREVX and DRNJX shifts across timeframes, from -0.10 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DREVX vs. DRNJX — Risk / Return Rank
DREVX
DRNJX
DREVX vs. DRNJX - 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 New Jersey Municipal Bond Fund Class A (DRNJX). 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.
| DREVX | DRNJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.61 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.59 | -0.87 |
| Martin ratioReturn relative to average drawdown | 7.11 | 9.04 | -1.93 |
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Drawdowns
DREVX vs. DRNJX - Drawdown Comparison
The maximum DREVX drawdown since its inception was -54.68%, which is greater than DRNJX's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for DREVX and DRNJX.
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Drawdown Indicators
| DREVX | DRNJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.68% | -14.81% | -39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -2.75% | -8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.52% | -5.98% | -16.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -14.81% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -14.81% | -17.44% |
Current DrawdownCurrent decline from peak | -2.59% | -0.28% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -13.00% | -2.44% | -10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 0.79% | +1.97% |
Volatility
DREVX vs. DRNJX - Volatility Comparison
BNY Mellon Large Cap Securities Fund (DREVX) has a higher volatility of 5.88% compared to BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX) at 0.81%. This indicates that DREVX's price experiences larger fluctuations and is considered to be riskier than DRNJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DREVX | DRNJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 0.81% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 2.19% | +9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 2.86% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 4.12% | +14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 4.00% | +14.98% |
DREVX vs. DRNJX - Expense Ratio Comparison
DREVX has a 0.70% expense ratio, which is lower than DRNJX's 0.95% expense ratio.
Dividends
DREVX vs. DRNJX - Dividend Comparison
DREVX's dividend yield for the trailing twelve months is around 10.05%, more than DRNJX's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DREVX BNY Mellon Large Cap Securities Fund | 10.05% | 12.89% | 8.77% | 5.12% | 4.82% | 11.43% | 6.28% | 6.74% | 9.01% | 9.11% | 8.71% | 11.24% |
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 2.87% | 3.69% | 2.68% | 2.11% | 2.35% | 1.85% | 2.56% | 3.73% | 4.41% | 3.13% | 3.33% | 3.38% |
Frequently Asked Questions
DREVX and DRNJX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DREVX has higher volatility (5.88%) compared to DRNJX (0.81%). In terms of maximum drawdown, DREVX dropped -54.68% vs DRNJX's -14.81%.
DRNJX currently has the higher Sharpe Ratio (2.50 vs 1.38), 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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