DRMBX vs. MPBFX
Compare and contrast key facts about BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) and BNY Mellon Bond Fund (MPBFX).
DRMBX is managed by BNY Mellon. It was launched on May 5, 1994. MPBFX is managed by BNY Mellon. It was launched on Oct 2, 2000.
Performance
DRMBX vs. MPBFX - Performance Comparison
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DRMBX vs. MPBFX - 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% |
MPBFX BNY Mellon Bond Fund | -0.45% | 7.20% | 1.08% | 5.48% | -13.55% | -1.50% | 7.87% | 8.82% | -0.53% | 3.91% |
Returns By Period
In the year-to-date period, DRMBX achieves a -0.64% return, which is significantly lower than MPBFX's -0.45% return. Over the past 10 years, DRMBX has outperformed MPBFX with an annualized return of 2.01%, while MPBFX has yielded a comparatively lower 1.59% 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%
MPBFX
- 1D
- 0.46%
- 1M
- -2.14%
- YTD
- -0.45%
- 6M
- 0.48%
- 1Y
- 3.85%
- 3Y*
- 3.30%
- 5Y*
- -0.07%
- 10Y*
- 1.59%
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DRMBX vs. MPBFX - Expense Ratio Comparison
DRMBX has a 0.49% expense ratio, which is lower than MPBFX's 0.55% expense ratio.
Return for Risk
DRMBX vs. MPBFX — Risk / Return Rank
DRMBX
MPBFX
DRMBX vs. MPBFX - 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 Bond Fund (MPBFX). 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 | MPBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.95 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.37 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.80 | -0.85 |
Martin ratioReturn relative to average drawdown | 2.91 | 5.19 | -2.28 |
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 | MPBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.95 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.01 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.33 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.84 | +0.29 |
Correlation
The correlation between DRMBX and MPBFX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DRMBX vs. MPBFX - Dividend Comparison
DRMBX's dividend yield for the trailing twelve months is around 3.39%, less than MPBFX's 3.53% 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% |
MPBFX BNY Mellon Bond Fund | 3.53% | 3.82% | 3.70% | 3.17% | 2.86% | 2.33% | 4.64% | 2.87% | 3.00% | 2.89% | 3.12% | 2.77% |
Drawdowns
DRMBX vs. MPBFX - Drawdown Comparison
The maximum DRMBX drawdown since its inception was -14.48%, smaller than the maximum MPBFX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for DRMBX and MPBFX.
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Drawdown Indicators
| DRMBX | MPBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -18.40% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -2.58% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -18.40% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -18.40% | +3.92% |
Current DrawdownCurrent decline from peak | -2.58% | -3.18% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -2.40% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.90% | +0.77% |
Volatility
DRMBX vs. MPBFX - Volatility Comparison
The current volatility for BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) is 1.12%, while BNY Mellon Bond Fund (MPBFX) has a volatility of 1.60%. This indicates that DRMBX experiences smaller price fluctuations and is considered to be less risky than MPBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRMBX | MPBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.60% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 2.50% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 4.21% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 5.83% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.82% | -0.80% |