DSPIX vs. BTC-USD
DSPIX (BNY Mellon Institutional S&P 500 Stock Index Fund) is S&P 500 fund tracking the S&P 500 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, DSPIX returned 14.42%/yr vs 59.66%/yr for BTC-USD. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
DSPIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DSPIX achieves a 9.24% return, which is significantly higher than BTC-USD's -27.75% return. Over the past 10 years, DSPIX has underperformed BTC-USD with an annualized return of 14.42%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
DSPIX
- 1D
- 1.66%
- 1M
- -0.57%
- 6M
- 7.70%
- YTD
- 9.24%
- 1Y
- 20.59%
- 3Y*
- 18.85%
- 5Y*
- 12.46%
- 10Y*
- 14.42%
- ALL TIME*
- 10.55%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $0.00 | $0.00 | $0.00 |
DSPIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 9.24% | 17.81% | 24.40% | 26.36% | -18.51% | 28.64% | 14.18% | 31.31% | -4.36% | 21.59% |
BTC-USD Bitcoin | -27.75% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between DSPIX and BTC-USD is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2012 | 0.13 |
Over the past year, DSPIX and BTC-USD have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
DSPIX vs. BTC-USD — Risk / Return Rank
DSPIX
BTC-USD
DSPIX vs. BTC-USD - Risk-Adjusted Trends 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.
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.
| DSPIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.83 | +2.88 |
| Martin ratioReturn relative to average drawdown | 8.79 | -1.27 | +10.06 |
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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 -85.30%. Use the drawdown chart below to compare losses from any high point for DSPIX and BTC-USD.
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Drawdown Indicators
| DSPIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.32% | -85.30% | +29.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -53.08% | +44.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -53.08% | +34.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -76.67% | +52.05% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -83.80% | +50.01% |
Current DrawdownCurrent decline from peak | -2.14% | -49.31% | +47.17% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -42.73% | +33.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 24.94% | -22.86% |
Volatility
DSPIX vs. BTC-USD - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 3.46%, while Bitcoin (BTC-USD) has a volatility of 8.45%. 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.
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Volatility by Period
| DSPIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 8.45% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 33.72% | -23.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 35.86% | -22.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 43.65% | -26.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 56.22% | -38.19% |
Frequently Asked Questions
DSPIX and BTC-USD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.45%) compared to DSPIX (3.46%). In terms of maximum drawdown, DSPIX dropped -55.32% vs BTC-USD's -85.30%.
DSPIX currently has the higher Sharpe Ratio (1.42 vs -1.02), 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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