DSPIX vs. BTC-USD
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Bitcoin (BTC-USD).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or BTC-USD.
Correlation
The correlation between DSPIX and BTC-USD is 0.10, 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.
Performance
DSPIX vs. BTC-USD - Performance Comparison
Key characteristics
DSPIX:
1.78
BTC-USD:
1.48
DSPIX:
2.43
BTC-USD:
2.19
DSPIX:
1.32
BTC-USD:
1.22
DSPIX:
2.73
BTC-USD:
1.23
DSPIX:
11.29
BTC-USD:
8.41
DSPIX:
2.00%
BTC-USD:
8.60%
DSPIX:
12.68%
BTC-USD:
43.82%
DSPIX:
-55.32%
BTC-USD:
-93.07%
DSPIX:
-2.12%
BTC-USD:
-9.44%
Returns By Period
In the year-to-date period, DSPIX achieves a 2.39% return, which is significantly lower than BTC-USD's 2.89% return. Over the past 10 years, DSPIX has underperformed BTC-USD with an annualized return of 12.91%, while BTC-USD has yielded a comparatively higher 82.18% annualized return.
DSPIX
2.39%
-1.12%
7.53%
19.83%
14.16%
12.91%
BTC-USD
2.89%
-7.26%
49.98%
87.36%
57.48%
82.18%
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Risk-Adjusted Performance
DSPIX vs. BTC-USD — Risk-Adjusted Performance Rank
DSPIX
BTC-USD
DSPIX vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Bitcoin (BTC-USD). 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.
Drawdowns
DSPIX vs. BTC-USD - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for DSPIX and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. BTC-USD - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 3.41%, while Bitcoin (BTC-USD) has a volatility of 9.00%. This indicates that DSPIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.