DRGVX vs. FDVV
Compare and contrast key facts about BNY Mellon Dynamic Value Fund Class I (DRGVX) and Fidelity High Dividend ETF (FDVV).
DRGVX is an actively managed fund by BNY Mellon. It was launched on May 31, 2001. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Performance
DRGVX vs. FDVV - Performance Comparison
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DRGVX vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRGVX BNY Mellon Dynamic Value Fund Class I | 0.14% | 18.48% | 14.26% | 12.83% | 1.51% | 31.14% | 3.94% | 27.04% | -10.52% | 15.06% |
FDVV Fidelity High Dividend ETF | -1.78% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Returns By Period
In the year-to-date period, DRGVX achieves a 0.14% return, which is significantly higher than FDVV's -1.78% return.
DRGVX
- 1D
- -0.28%
- 1M
- -6.15%
- YTD
- 0.14%
- 6M
- 5.03%
- 1Y
- 15.53%
- 3Y*
- 15.03%
- 5Y*
- 12.41%
- 10Y*
- 12.72%
FDVV
- 1D
- 2.35%
- 1M
- -5.66%
- YTD
- -1.78%
- 6M
- 0.65%
- 1Y
- 14.82%
- 3Y*
- 16.89%
- 5Y*
- 12.68%
- 10Y*
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DRGVX vs. FDVV - Expense Ratio Comparison
DRGVX has a 0.68% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Return for Risk
DRGVX vs. FDVV — Risk / Return Rank
DRGVX
FDVV
DRGVX vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value Fund Class I (DRGVX) and Fidelity High Dividend ETF (FDVV). 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.
| DRGVX | FDVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.97 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.41 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.29 | -0.08 |
Martin ratioReturn relative to average drawdown | 5.39 | 5.68 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRGVX | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.97 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.86 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.74 | -0.13 |
Correlation
The correlation between DRGVX and FDVV is 0.90, 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.
Dividends
DRGVX vs. FDVV - Dividend Comparison
DRGVX's dividend yield for the trailing twelve months is around 6.87%, more than FDVV's 3.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGVX BNY Mellon Dynamic Value Fund Class I | 6.87% | 6.88% | 6.87% | 5.31% | 7.99% | 21.73% | 2.85% | 3.52% | 17.87% | 10.95% | 2.89% | 16.07% |
FDVV Fidelity High Dividend ETF | 3.00% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Drawdowns
DRGVX vs. FDVV - Drawdown Comparison
The maximum DRGVX drawdown since its inception was -42.60%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for DRGVX and FDVV.
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Drawdown Indicators
| DRGVX | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.60% | -40.25% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -12.34% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -20.18% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.60% | — | — |
Current DrawdownCurrent decline from peak | -6.65% | -7.04% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.85% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.81% | -0.07% |
Volatility
DRGVX vs. FDVV - Volatility Comparison
The current volatility for BNY Mellon Dynamic Value Fund Class I (DRGVX) is 4.03%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.48%. This indicates that DRGVX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRGVX | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 4.48% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 7.68% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 15.34% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 14.74% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 17.09% | +1.72% |