DSIBX vs. MIY
DSIBX (BNY Mellon Short-Intermediate Municipal Bond Fund) and MIY (BlackRock MuniYield Michigan Quality Fund) are both Municipal Bonds funds. Over the past 10 years, DSIBX returned 1.37%/yr vs 2.48%/yr for MIY. At a 0.24 correlation, their price movements are largely independent. DSIBX charges 0.49%/yr vs 2.25%/yr for MIY.
Performance
DSIBX vs. MIY - Performance Comparison
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Returns By Period
In the year-to-date period, DSIBX achieves a 1.13% return, which is significantly lower than MIY's 5.87% return. Over the past 10 years, DSIBX has underperformed MIY with an annualized return of 1.37%, while MIY has yielded a comparatively higher 2.48% annualized return.
DSIBX
- 1D
- 0.00%
- 1M
- 0.70%
- YTD
- 1.13%
- 6M
- 1.45%
- 1Y
- 3.45%
- 3Y*
- 3.60%
- 5Y*
- 1.42%
- 10Y*
- 1.37%
MIY
- 1D
- -0.08%
- 1M
- 1.20%
- YTD
- 5.87%
- 6M
- 6.50%
- 1Y
- 16.13%
- 3Y*
- 8.91%
- 5Y*
- 0.27%
- 10Y*
- 2.48%
DSIBX vs. MIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 1.13% | 4.53% | 2.66% | 3.01% | -3.79% | -0.36% | 2.39% | 3.27% | 1.22% | 1.21% |
MIY BlackRock MuniYield Michigan Quality Fund | 5.87% | 11.24% | 3.48% | 6.60% | -24.10% | 10.04% | 7.27% | 19.51% | -6.71% | 8.86% |
Correlation
The correlation between DSIBX and MIY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.24 |
The correlation between DSIBX and MIY shifts across timeframes, from 0.24 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DSIBX vs. MIY — Risk / Return Rank
DSIBX
MIY
DSIBX vs. MIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) and BlackRock MuniYield Michigan Quality Fund (MIY). 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.
| DSIBX | MIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.27 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.61 | +1.22 |
| Martin ratioReturn relative to average drawdown | 8.59 | 5.30 | +3.28 |
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Drawdowns
DSIBX vs. MIY - Drawdown Comparison
The maximum DSIBX drawdown since its inception was -6.02%, smaller than the maximum MIY drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for DSIBX and MIY.
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Drawdown Indicators
| DSIBX | MIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -42.19% | +36.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -10.08% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -1.56% | -14.72% | +13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -34.59% | +28.57% |
Max Drawdown (10Y)Largest decline over 10 years | -6.02% | -34.59% | +28.57% |
Current DrawdownCurrent decline from peak | -0.15% | -3.68% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -8.31% | +7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 3.05% | -2.65% |
Volatility
DSIBX vs. MIY - Volatility Comparison
The current volatility for BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) is 0.40%, while BlackRock MuniYield Michigan Quality Fund (MIY) has a volatility of 2.64%. This indicates that DSIBX experiences smaller price fluctuations and is considered to be less risky than MIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSIBX | MIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 2.64% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 10.44% | -9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 11.76% | -10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.47% | 11.67% | -10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 11.97% | -10.43% |
DSIBX vs. MIY - Expense Ratio Comparison
DSIBX has a 0.49% expense ratio, which is lower than MIY's 2.25% expense ratio.
Dividends
DSIBX vs. MIY - Dividend Comparison
DSIBX's dividend yield for the trailing twelve months is around 2.53%, less than MIY's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 2.53% | 2.93% | 2.07% | 1.12% | 0.62% | 0.72% | 1.20% | 1.66% | 1.29% | 1.05% | 0.92% | 1.01% |
MIY BlackRock MuniYield Michigan Quality Fund | 5.40% | 5.57% | 5.21% | 3.86% | 5.70% | 4.38% | 4.23% | 4.27% | 5.27% | 5.46% | 5.85% | 5.66% |
Frequently Asked Questions
DSIBX and MIY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIY has higher volatility (2.64%) compared to DSIBX (0.40%). In terms of maximum drawdown, DSIBX dropped -6.02% vs MIY's -42.19%.
DSIBX currently has the higher Sharpe Ratio (2.80 vs 1.38), 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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