DRGVX vs. FICGX

Last updated Jun 4, 2026

DRGVX (BNY Mellon Dynamic Value Fund Class I) and FICGX (Delaware Growth Equity Fund) are both mutual funds - DRGVX is a Large Cap Value Equities fund actively managed by BNY Mellon, while FICGX is a Large Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, DRGVX returned 13.75%/yr vs 13.77%/yr for FICGX. A 0.80 correlation means they provide meaningful diversification when combined. DRGVX charges 0.68%/yr vs 1.04%/yr for FICGX.

Performance

DRGVX vs. FICGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value Fund Class I (DRGVX) and Delaware Growth Equity Fund (FICGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGVX achieves a 14.17% return, which is significantly higher than FICGX's 11.93% return. Both investments have delivered pretty close results over the past 10 years, with DRGVX having a 13.75% annualized return and FICGX not far ahead at 13.77%.

DRGVX

• 1D: 1.21%
• 1M: 4.66%
• YTD: 14.17%
• 6M: 15.61%
• 1Y: 29.74%
• 3Y*: 19.96%
• 5Y*: 13.43%
• 10Y*: 13.75%

FICGX

• 1D: 0.65%
• 1M: 5.27%
• YTD: 11.93%
• 6M: 11.66%
• 1Y: 30.41%
• 3Y*: 23.63%
• 5Y*: 8.21%
• 10Y*: 13.77%

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

DRGVX vs. FICGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRGVX BNY Mellon Dynamic Value Fund Class I	14.17%	18.48%	14.26%	12.83%	1.51%	31.14%	3.94%	27.04%	-10.52%	15.06%
FICGX Delaware Growth Equity Fund	11.93%	20.49%	23.76%	28.68%	-24.65%	5.54%	28.41%	24.12%	-3.89%	32.19%

Correlation

The correlation between DRGVX and FICGX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.80

The correlation between DRGVX and FICGX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

DRGVX vs. FICGX — Risk / Return Rank

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

DRGVX

DRGVX Risk / Return Rank: 80
DRGVX Sharpe Ratio Rank: 79
DRGVX Sortino Ratio Rank: 75
DRGVX Omega Ratio Rank: 68
DRGVX Calmar Ratio Rank: 90
DRGVX Martin Ratio Rank: 88

FICGX

FICGX Risk / Return Rank: 62
FICGX Sharpe Ratio Rank: 57
FICGX Sortino Ratio Rank: 51
FICGX Omega Ratio Rank: 53
FICGX Calmar Ratio Rank: 72
FICGX Martin Ratio Rank: 75

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.

DRGVX vs. FICGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value Fund Class I (DRGVX) and Delaware Growth Equity Fund (FICGX). 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	FICGX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.24	+0.35
Sortino ratio: Return per unit of downside risk	3.62	3.02	+0.60
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	4.63	3.31	+1.32
Martin ratio: Return relative to average drawdown	17.09	14.16	+2.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRGVX vs. FICGX - Sharpe Ratio Comparison

The current DRGVX Sharpe Ratio is 2.59, which is comparable to the FICGX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DRGVX and FICGX, 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

	DRGVX	FICGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.24	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.39	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.67	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.30	+0.36

Drawdowns

DRGVX vs. FICGX - Drawdown Comparison

The maximum DRGVX drawdown since its inception was -42.60%, smaller than the maximum FICGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for DRGVX and FICGX.

Drawdown Indicators

	DRGVX	FICGX	Difference
Max Drawdown Largest peak-to-trough decline	-42.60%	-54.19%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-9.48%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-20.48%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	-17.01%	-47.73%	+30.72%
Max Drawdown (10Y) Largest decline over 10 years	-42.60%	-47.73%	+5.13%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.34%	-16.24%	+11.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	2.21%	-0.41%

Volatility

DRGVX vs. FICGX - Volatility Comparison

BNY Mellon Dynamic Value Fund Class I (DRGVX) has a higher volatility of 3.64% compared to Delaware Growth Equity Fund (FICGX) at 3.34%. This indicates that DRGVX's price experiences larger fluctuations and is considered to be riskier than FICGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRGVX	FICGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.34%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	11.15%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	14.03%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	21.12%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	20.60%	-1.77%

DRGVX vs. FICGX - Expense Ratio Comparison

DRGVX has a 0.68% expense ratio, which is lower than FICGX's 1.04% expense ratio.

Dividends

DRGVX vs. FICGX - Dividend Comparison

DRGVX's dividend yield for the trailing twelve months is around 6.03%, more than FICGX's 3.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRGVX BNY Mellon Dynamic Value Fund Class I	6.03%	6.88%	6.87%	5.31%	7.99%	21.73%	2.85%	3.52%	17.87%	10.95%	2.89%	16.07%
FICGX Delaware Growth Equity Fund	3.40%	3.80%	5.28%	2.75%	32.39%	7.63%	9.65%	10.92%	5.77%	9.05%	16.01%	10.46%

Frequently Asked Questions

Can I hold both DRGVX and FICGX in my portfolio?

DRGVX and FICGX have a correlation of 0.73, 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 FICGX?

DRGVX has higher volatility (3.64%) compared to FICGX (3.34%). In terms of maximum drawdown, DRGVX dropped -42.60% vs FICGX's -54.19%.

Which has better risk-adjusted returns?

DRGVX currently has the higher Sharpe Ratio (2.59 vs 2.24), 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.