DSPIX vs. DRGVX
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon Dynamic Value Fund Class I (DRGVX).
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. DRGVX is an actively managed fund by BNY Mellon. It was launched on May 31, 2001.
Performance
DSPIX vs. DRGVX - Performance Comparison
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DSPIX vs. DRGVX - 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% |
DRGVX BNY Mellon Dynamic Value Fund Class I | 2.32% | 18.48% | 14.26% | 12.83% | 1.51% | 31.14% | 3.94% | 27.04% | -10.52% | 15.06% |
Returns By Period
In the year-to-date period, DSPIX achieves a -4.37% return, which is significantly lower than DRGVX's 2.32% return. Both investments have delivered pretty close results over the past 10 years, with DSPIX having a 13.50% annualized return and DRGVX not far behind at 12.96%.
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%
DRGVX
- 1D
- 2.17%
- 1M
- -3.93%
- YTD
- 2.32%
- 6M
- 7.39%
- 1Y
- 18.32%
- 3Y*
- 15.86%
- 5Y*
- 12.62%
- 10Y*
- 12.96%
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DSPIX vs. DRGVX - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is lower than DRGVX's 0.68% expense ratio.
Return for Risk
DSPIX vs. DRGVX — Risk / Return Rank
DSPIX
DRGVX
DSPIX vs. DRGVX - 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 Class I (DRGVX). 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 | DRGVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.07 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.54 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.56 | -0.05 |
Martin ratioReturn relative to average drawdown | 7.28 | 6.92 | +0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DSPIX | DRGVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.07 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.81 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.69 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.61 | -0.06 |
Correlation
The correlation between DSPIX and DRGVX is 0.86, 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. DRGVX - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 35.41%, more than DRGVX's 6.72% 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% |
DRGVX BNY Mellon Dynamic Value Fund Class I | 6.72% | 6.88% | 6.87% | 5.31% | 7.99% | 21.73% | 2.85% | 3.52% | 17.87% | 10.95% | 2.89% | 16.07% |
Drawdowns
DSPIX vs. DRGVX - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, which is greater than DRGVX's maximum drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for DSPIX and DRGVX.
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Drawdown Indicators
| DSPIX | DRGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.32% | -42.60% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -12.22% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -17.01% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -42.60% | +8.81% |
Current DrawdownCurrent decline from peak | -6.25% | -4.62% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -4.39% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.76% | -0.23% |
Volatility
DSPIX vs. DRGVX - 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 Class I (DRGVX) at 4.71%. This indicates that DSPIX's price experiences larger fluctuations and is considered to be riskier than DRGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSPIX | DRGVX | 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% | 9.13% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 16.88% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 15.60% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 18.82% | -0.81% |