DRMBX vs. DRRIX
Compare and contrast key facts about BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) and BNY Mellon Global Real Return Fund - Class I (DRRIX).
DRMBX is managed by BNY Mellon. It was launched on May 5, 1994. DRRIX is managed by BNY Mellon. It was launched on May 12, 2010.
Performance
DRMBX vs. DRRIX - Performance Comparison
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DRMBX vs. DRRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | -0.64% | 4.47% | 2.37% | 5.93% | -9.77% | 1.26% | 4.86% | 8.34% | 0.74% | 5.62% |
DRRIX BNY Mellon Global Real Return Fund - Class I | 1.51% | 12.60% | 6.88% | 2.59% | -8.47% | 6.98% | 9.75% | 12.29% | 1.12% | 4.29% |
Returns By Period
In the year-to-date period, DRMBX achieves a -0.64% return, which is significantly lower than DRRIX's 1.51% return. Over the past 10 years, DRMBX has underperformed DRRIX with an annualized return of 2.01%, while DRRIX has yielded a comparatively higher 4.72% annualized return.
DRMBX
- 1D
- 0.23%
- 1M
- -2.58%
- YTD
- -0.64%
- 6M
- 0.98%
- 1Y
- 3.70%
- 3Y*
- 3.16%
- 5Y*
- 0.69%
- 10Y*
- 2.01%
DRRIX
- 1D
- -0.12%
- 1M
- -4.32%
- YTD
- 1.51%
- 6M
- 4.97%
- 1Y
- 13.26%
- 3Y*
- 8.01%
- 5Y*
- 3.90%
- 10Y*
- 4.72%
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DRMBX vs. DRRIX - Expense Ratio Comparison
DRMBX has a 0.49% expense ratio, which is lower than DRRIX's 0.95% expense ratio.
Return for Risk
DRMBX vs. DRRIX — Risk / Return Rank
DRMBX
DRRIX
DRMBX vs. DRRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) and BNY Mellon Global Real Return Fund - Class I (DRRIX). 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.
| DRMBX | DRRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.49 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.81 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.55 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.91 | 6.53 | -3.62 |
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
| DRMBX | DRRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.49 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.57 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.73 | +0.40 |
Correlation
The correlation between DRMBX and DRRIX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DRMBX vs. DRRIX - Dividend Comparison
DRMBX's dividend yield for the trailing twelve months is around 3.39%, less than DRRIX's 3.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | 3.39% | 4.30% | 3.02% | 2.30% | 2.06% | 1.93% | 2.37% | 3.30% | 2.95% | 3.07% | 3.24% | 3.47% |
DRRIX BNY Mellon Global Real Return Fund - Class I | 3.86% | 3.92% | 4.35% | 0.05% | 9.59% | 1.65% | 1.39% | 2.79% | 3.62% | 0.88% | 2.98% | 4.46% |
Drawdowns
DRMBX vs. DRRIX - Drawdown Comparison
The maximum DRMBX drawdown since its inception was -14.48%, smaller than the maximum DRRIX drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for DRMBX and DRRIX.
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Drawdown Indicators
| DRMBX | DRRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -15.92% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.87% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -14.29% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -15.92% | +1.44% |
Current DrawdownCurrent decline from peak | -2.58% | -4.64% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -2.91% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.86% | -0.19% |
Volatility
DRMBX vs. DRRIX - Volatility Comparison
The current volatility for BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) is 1.12%, while BNY Mellon Global Real Return Fund - Class I (DRRIX) has a volatility of 3.03%. This indicates that DRMBX experiences smaller price fluctuations and is considered to be less risky than DRRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRMBX | DRRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.03% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 6.03% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 8.71% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 6.87% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 6.67% | -2.65% |