DSPIX vs. DAGVX
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon Dynamic Value Fund (DAGVX).
DSPIX is a passively managed fund by BNY Mellon that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 1993. DAGVX is managed by BNY Mellon. It was launched on Sep 29, 1995.
Performance
DSPIX vs. DAGVX - Performance Comparison
Loading graphics...
DSPIX vs. DAGVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | -4.37% | 17.81% | 24.40% | 26.36% | -18.51% | 28.64% | 14.18% | 31.31% | -4.36% | 21.59% |
DAGVX BNY Mellon Dynamic Value Fund | 2.23% | 18.20% | 14.16% | 12.54% | 1.43% | 30.90% | 3.66% | 26.74% | -10.76% | 14.78% |
Returns By Period
In the year-to-date period, DSPIX achieves a -4.37% return, which is significantly lower than DAGVX's 2.23% return. Over the past 10 years, DSPIX has outperformed DAGVX with an annualized return of 13.50%, while DAGVX has yielded a comparatively lower 12.72% annualized return.
DSPIX
- 1D
- 2.93%
- 1M
- -5.03%
- YTD
- -4.37%
- 6M
- -2.09%
- 1Y
- 17.31%
- 3Y*
- 18.13%
- 5Y*
- 11.57%
- 10Y*
- 13.50%
DAGVX
- 1D
- 2.17%
- 1M
- -3.96%
- YTD
- 2.23%
- 6M
- 7.27%
- 1Y
- 18.00%
- 3Y*
- 15.62%
- 5Y*
- 12.42%
- 10Y*
- 12.72%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DSPIX vs. DAGVX - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is lower than DAGVX's 0.93% expense ratio.
Return for Risk
DSPIX vs. DAGVX — Risk / Return Rank
DSPIX
DAGVX
DSPIX vs. DAGVX - 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 BNY Mellon Dynamic Value Fund (DAGVX). 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.
| DSPIX | DAGVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.06 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.52 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.54 | -0.02 |
Martin ratioReturn relative to average drawdown | 7.28 | 6.79 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DSPIX | DAGVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.06 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.80 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.68 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between DSPIX and DAGVX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DSPIX vs. DAGVX - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 35.41%, more than DAGVX's 6.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 35.41% | 33.86% | 27.60% | 27.46% | 18.33% | 12.91% | 1.15% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% |
DAGVX BNY Mellon Dynamic Value Fund | 6.54% | 6.69% | 6.85% | 5.09% | 7.96% | 21.64% | 2.64% | 3.29% | 17.81% | 10.71% | 2.72% | 15.78% |
Drawdowns
DSPIX vs. DAGVX - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, roughly equal to the maximum DAGVX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for DSPIX and DAGVX.
Loading graphics...
Drawdown Indicators
| DSPIX | DAGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.32% | -55.04% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -12.23% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -16.96% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -42.62% | +8.83% |
Current DrawdownCurrent decline from peak | -6.25% | -4.66% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -7.69% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.77% | -0.24% |
Volatility
DSPIX vs. DAGVX - Volatility Comparison
BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) has a higher volatility of 5.35% compared to BNY Mellon Dynamic Value Fund (DAGVX) at 4.71%. This indicates that DSPIX's price experiences larger fluctuations and is considered to be riskier than DAGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DSPIX | DAGVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.71% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 9.12% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 16.89% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 15.58% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 18.82% | -0.81% |