DRRIX vs. DCPYX

Last updated Jun 3, 2026

DRRIX (BNY Mellon Global Real Return Fund - Class I) and DCPYX (BNY Mellon Core Plus Fund) are both mutual funds - DRRIX is a Tactical Allocation fund managed by BNY Mellon, while DCPYX is a Intermediate Core-Plus Bond fund managed by BNY Mellon. Over the past 10 years, DRRIX returned 5.04%/yr vs 1.85%/yr for DCPYX. At a 0.18 correlation, their price movements are largely independent. DRRIX charges 0.95%/yr vs 0.40%/yr for DCPYX.

Performance

DRRIX vs. DCPYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Global Real Return Fund - Class I (DRRIX) and BNY Mellon Core Plus Fund (DCPYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRRIX achieves a 6.75% return, which is significantly higher than DCPYX's 0.78% return. Over the past 10 years, DRRIX has outperformed DCPYX with an annualized return of 5.04%, while DCPYX has yielded a comparatively lower 1.85% annualized return.

DRRIX

• 1D: 0.11%
• 1M: 0.80%
• YTD: 6.75%
• 6M: 8.00%
• 1Y: 18.19%
• 3Y*: 10.02%
• 5Y*: 4.22%
• 10Y*: 5.04%

DCPYX

• 1D: -0.11%
• 1M: 0.39%
• YTD: 0.78%
• 6M: 0.89%
• 1Y: 5.89%
• 3Y*: 4.26%
• 5Y*: 0.21%
• 10Y*: 1.85%

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

DRRIX vs. DCPYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRRIX BNY Mellon Global Real Return Fund - Class I	6.75%	12.60%	6.88%	2.59%	-8.47%	6.98%	9.75%	12.29%	1.12%	4.29%
DCPYX BNY Mellon Core Plus Fund	0.78%	7.04%	1.39%	6.14%	-13.87%	-1.00%	9.80%	11.19%	-0.80%	2.13%

Correlation

The correlation between DRRIX and DCPYX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010	0.18

The correlation between DRRIX and DCPYX shifts across timeframes, from 0.18 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DRRIX vs. DCPYX — Risk / Return Rank

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

DRRIX

DRRIX Risk / Return Rank: 78
DRRIX Sharpe Ratio Rank: 79
DRRIX Sortino Ratio Rank: 69
DRRIX Omega Ratio Rank: 76
DRRIX Calmar Ratio Rank: 85
DRRIX Martin Ratio Rank: 79

DCPYX

DCPYX Risk / Return Rank: 25
DCPYX Sharpe Ratio Rank: 24
DCPYX Sortino Ratio Rank: 26
DCPYX Omega Ratio Rank: 23
DCPYX Calmar Ratio Rank: 27
DCPYX Martin Ratio Rank: 24

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.

DRRIX vs. DCPYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Real Return Fund - Class I (DRRIX) and BNY Mellon Core Plus Fund (DCPYX). 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.

	DRRIX	DCPYX	Difference
Sharpe ratio Return per unit of total volatility	2.57	1.42	+1.15
Sortino ratio Return per unit of downside risk	3.47	2.15	+1.32
Omega ratio Gain probability vs. loss probability	1.50	1.25	+0.24
Calmar ratio Return relative to maximum drawdown	4.03	1.95	+2.09
Martin ratio Return relative to average drawdown	14.87	6.06	+8.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRRIX vs. DCPYX - Sharpe Ratio Comparison

The current DRRIX Sharpe Ratio is 2.57, which is higher than the DCPYX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of DRRIX and DCPYX, 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

	DRRIX	DCPYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.42	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.04	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.38	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.29	+0.48

Drawdowns

DRRIX vs. DCPYX - Drawdown Comparison

The maximum DRRIX drawdown since its inception was -15.92%, smaller than the maximum DCPYX drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for DRRIX and DCPYX.

Drawdown Indicators

	DRRIX	DCPYX	Difference
Max Drawdown Largest peak-to-trough decline	-15.92%	-19.42%	+3.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-3.19%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-10.55%	-6.47%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-14.29%	-19.42%	+5.13%
Max Drawdown (10Y) Largest decline over 10 years	-15.92%	-19.42%	+3.50%
Current Drawdown Current decline from peak	-0.11%	-1.32%	+1.21%
Average Drawdown Average peak-to-trough decline	-2.89%	-4.96%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	1.02%	+0.24%

Volatility

DRRIX vs. DCPYX - Volatility Comparison

BNY Mellon Global Real Return Fund - Class I (DRRIX) and BNY Mellon Core Plus Fund (DCPYX) have volatilities of 1.42% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRRIX	DCPYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.36%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	5.66%	2.82%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	7.20%	4.00%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.88%	5.82%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	4.88%	+1.83%

DRRIX vs. DCPYX - Expense Ratio Comparison

DRRIX has a 0.95% expense ratio, which is higher than DCPYX's 0.40% expense ratio.

Dividends

DRRIX vs. DCPYX - Dividend Comparison

DRRIX's dividend yield for the trailing twelve months is around 3.67%, less than DCPYX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCPYX BNY Mellon Core Plus Fund	4.43%	4.59%	3.58%	2.94%	2.74%	3.04%	2.71%	3.11%	3.25%	0.22%	0.00%	0.00%
DRRIX BNY Mellon Global Real Return Fund - Class I	3.67%	3.92%	4.35%	0.05%	9.59%	1.65%	1.39%	2.79%	3.62%	0.88%	2.98%	4.46%

Frequently Asked Questions

Can I hold both DRRIX and DCPYX in my portfolio?

DRRIX and DCPYX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRRIX or DCPYX?

DRRIX has higher volatility (1.42%) compared to DCPYX (1.36%). In terms of maximum drawdown, DRRIX dropped -15.92% vs DCPYX's -19.42%.

Which has better risk-adjusted returns?

DRRIX currently has the higher Sharpe Ratio (2.57 vs 1.42), 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.