DRRIX vs. MPBFX
DRRIX (BNY Mellon Global Real Return Fund - Class I) and MPBFX (BNY Mellon Bond Fund) are both mutual funds - DRRIX is a Tactical Allocation fund managed by BNY Mellon, while MPBFX is a Intermediate Core Bond fund managed by BNY Mellon. Over the past 10 years, DRRIX returned 4.98%/yr vs 1.56%/yr for MPBFX. At a 0.13 correlation, their price movements are largely independent. DRRIX charges 0.95%/yr vs 0.55%/yr for MPBFX.
Performance
DRRIX vs. MPBFX - Performance Comparison
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Returns By Period
In the year-to-date period, DRRIX achieves a 6.09% return, which is significantly higher than MPBFX's 0.30% return. Over the past 10 years, DRRIX has outperformed MPBFX with an annualized return of 4.98%, while MPBFX has yielded a comparatively lower 1.56% annualized return.
DRRIX
- 1D
- 0.06%
- 1M
- -0.51%
- YTD
- 6.09%
- 6M
- 6.20%
- 1Y
- 17.16%
- 3Y*
- 9.54%
- 5Y*
- 4.48%
- 10Y*
- 4.98%
MPBFX
- 1D
- 0.27%
- 1M
- 0.77%
- YTD
- 0.30%
- 6M
- 0.48%
- 1Y
- 4.43%
- 3Y*
- 3.82%
- 5Y*
- -0.24%
- 10Y*
- 1.56%
DRRIX vs. MPBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRRIX BNY Mellon Global Real Return Fund - Class I | 6.09% | 12.60% | 6.88% | 2.59% | -8.47% | 6.98% | 9.75% | 12.29% | 1.12% | 4.29% |
MPBFX BNY Mellon Bond Fund | 0.30% | 7.20% | 1.08% | 5.48% | -13.55% | -1.50% | 7.87% | 8.82% | -0.53% | 3.91% |
Correlation
The correlation between DRRIX and MPBFX 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 | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 12, 2010 | 0.13 |
The correlation between DRRIX and MPBFX shifts across timeframes, from 0.13 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DRRIX vs. MPBFX — Risk / Return Rank
DRRIX
MPBFX
DRRIX vs. MPBFX - 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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRRIX | MPBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.55 | +2.13 |
| Martin ratioReturn relative to average drawdown | 13.26 | 4.43 | +8.82 |
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Drawdowns
DRRIX vs. MPBFX - Drawdown Comparison
The maximum DRRIX drawdown since its inception was -15.92%, smaller than the maximum MPBFX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for DRRIX and MPBFX.
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Drawdown Indicators
| DRRIX | MPBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.92% | -18.40% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -2.87% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.55% | -6.18% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -18.40% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -15.92% | -18.40% | +2.48% |
Current DrawdownCurrent decline from peak | -1.18% | -2.45% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.41% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.00% | +0.29% |
Volatility
DRRIX vs. MPBFX - Volatility Comparison
BNY Mellon Global Real Return Fund - Class I (DRRIX) has a higher volatility of 2.46% compared to BNY Mellon Bond Fund (MPBFX) at 1.21%. This indicates that DRRIX's price experiences larger fluctuations and is considered to be riskier 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
| DRRIX | MPBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 1.21% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | 2.80% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.47% | 3.74% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 5.86% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 4.85% | +1.89% |
DRRIX vs. MPBFX - Expense Ratio Comparison
DRRIX has a 0.95% expense ratio, which is higher than MPBFX's 0.55% expense ratio.
Dividends
DRRIX vs. MPBFX - Dividend Comparison
DRRIX's dividend yield for the trailing twelve months is around 3.69%, less than MPBFX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRRIX BNY Mellon Global Real Return Fund - Class I | 3.69% | 3.92% | 4.35% | 0.05% | 9.59% | 1.65% | 1.39% | 2.79% | 3.62% | 0.88% | 2.98% | 4.46% |
MPBFX BNY Mellon Bond Fund | 3.82% | 3.82% | 3.70% | 3.17% | 2.86% | 2.33% | 4.64% | 2.87% | 3.00% | 2.89% | 3.12% | 2.77% |
Frequently Asked Questions
DRRIX and MPBFX 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.
DRRIX has higher volatility (2.46%) compared to MPBFX (1.21%). In terms of maximum drawdown, DRRIX dropped -15.92% vs MPBFX's -18.40%.
DRRIX currently has the higher Sharpe Ratio (2.29 vs 1.19), 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.
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