DRGVX vs. DSIBX

Last updated Aug 4, 2026

DRGVX (BNY Mellon Dynamic Value Fund Class I) and DSIBX (BNY Mellon Short-Intermediate Municipal Bond Fund) are both mutual funds - DRGVX is a Large Cap Value Equities fund actively managed by BNY Mellon, while DSIBX is a Municipal Bonds fund managed by BNY Mellon. Over the past 10 years, DRGVX returned 14.02%/yr vs 1.29%/yr for DSIBX. Their -0.04 correlation means they have often moved in opposite directions in the past. DRGVX charges 0.68%/yr vs 0.49%/yr for DSIBX.

Performance

DRGVX vs. DSIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value Fund Class I (DRGVX) and BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGVX achieves a 17.50% return, which is significantly higher than DSIBX's 0.81% return. Over the past 10 years, DRGVX has outperformed DSIBX with an annualized return of 14.02%, while DSIBX has yielded a comparatively lower 1.29% annualized return.

DRGVX

• 1D: 0.89%
• 1M: 0.85%
• 6M: 11.47%
• YTD: 17.50%
• 1Y: 30.43%
• 3Y*: 18.37%
• 5Y*: 14.28%
• 10Y*: 14.02%
• ALL TIME*: 12.07%

DSIBX

• 1D: 0.00%
• 1M: -0.54%
• 6M: 0.12%
• YTD: 0.81%
• 1Y: 2.04%
• 3Y*: 3.40%
• 5Y*: 1.28%
• 10Y*: 1.29%
• ALL TIME*: 2.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRGVX BNY Mellon Dynamic Value Fund Class I	$0.00	$0.00	$0.00
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund	$0.00	$0.00	$0.00

DRGVX vs. DSIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRGVX BNY Mellon Dynamic Value Fund Class I	17.50%	18.48%	14.26%	12.83%	1.51%	31.14%	3.94%	27.04%	-10.52%	15.06%
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund	0.81%	4.53%	2.66%	3.01%	-3.79%	-0.36%	2.39%	3.27%	1.22%	1.21%

Correlation

The correlation between DRGVX and DSIBX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.06
Correlation (10Y) Provides a long-term view across more market conditions.	-0.00
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	-0.04

The correlation between DRGVX and DSIBX shifts across timeframes, from -0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DRGVX vs. DSIBX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DRGVX

DRGVX Risk / Return Rank: 91
DRGVX Sharpe Ratio Rank: 91
DRGVX Sortino Ratio Rank: 88
DRGVX Omega Ratio Rank: 84
DRGVX Calmar Ratio Rank: 95
DRGVX Martin Ratio Rank: 95

DSIBX

DSIBX Risk / Return Rank: 65
DSIBX Sharpe Ratio Rank: 71
DSIBX Sortino Ratio Rank: 86
DSIBX Omega Ratio Rank: 93
DSIBX Calmar Ratio Rank: 40
DSIBX Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DRGVX vs. DSIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value Fund Class I (DRGVX) and BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX). 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.

	DRGVX	DSIBX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.76	+0.60
Sortino ratio: Return per unit of downside risk	3.28	3.10	+0.18
Omega ratio: Gain probability vs. loss probability	1.42	1.51	-0.09
Calmar ratio: Return relative to maximum drawdown	4.35	1.80	+2.55
Martin ratio: Return relative to average drawdown	16.69	5.30	+11.39

DRGVX vs. DSIBX - Sharpe Ratio Comparison

The current DRGVX Sharpe Ratio is 2.36, which is higher than the DSIBX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of DRGVX and DSIBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRGVX vs. DSIBX - Drawdown Comparison

The maximum DRGVX drawdown since its inception was -42.60%, which is greater than DSIBX's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for DRGVX and DSIBX.

Drawdown Indicators

	DRGVX	DSIBX	Difference
Max Drawdown Largest peak-to-trough decline	-42.60%	-6.02%	-36.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-1.23%	-5.42%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-1.56%	-15.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.01%	-6.02%	-10.99%
Max Drawdown (10Y) Largest decline over 10 years	-42.60%	-6.02%	-36.58%
Current Drawdown Current decline from peak	0.00%	-0.54%	+0.54%
Average Drawdown Average peak-to-trough decline	-4.29%	-0.52%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	0.41%	+1.32%

Volatility

DRGVX vs. DSIBX - Volatility Comparison

BNY Mellon Dynamic Value Fund Class I (DRGVX) has a higher volatility of 2.96% compared to BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) at 0.32%. This indicates that DRGVX's price experiences larger fluctuations and is considered to be riskier than DSIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRGVX	DSIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	0.32%	+2.64%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	1.02%	+8.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	1.28%	+11.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	1.48%	+14.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	1.54%	+17.20%

DRGVX vs. DSIBX - Expense Ratio Comparison

DRGVX has a 0.68% expense ratio, which is higher than DSIBX's 0.49% expense ratio.

Dividends

DRGVX vs. DSIBX - Dividend Comparison

DRGVX's dividend yield for the trailing twelve months is around 5.86%, more than DSIBX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRGVX BNY Mellon Dynamic Value Fund Class I	5.86%	6.88%	6.87%	5.31%	7.99%	21.73%	2.85%	3.52%	17.87%	10.95%	2.89%	16.07%
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund	2.41%	2.93%	2.07%	1.12%	0.62%	0.72%	1.20%	1.66%	1.29%	1.05%	0.92%	1.01%

Frequently Asked Questions

Can I hold both DRGVX and DSIBX in my portfolio?

DRGVX and DSIBX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRGVX or DSIBX?

DRGVX has higher volatility (2.96%) compared to DSIBX (0.32%). In terms of maximum drawdown, DRGVX dropped -42.60% vs DSIBX's -6.02%.

Which has better risk-adjusted returns?

DRGVX currently has the higher Sharpe Ratio (2.36 vs 1.76), 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.