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DSPIX vs. PEOPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DSPIX vs. PEOPX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon S&P 500 Index Fund (PEOPX).

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. PEOPX is a passively managed fund by BNY Mellon that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 1990. Both DSPIX and PEOPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DSPIX vs. PEOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon S&P 500 Index Fund (PEOPX). The values are adjusted to include any dividend payments, if applicable.

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DSPIX vs. PEOPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund		-7.09%17.81%24.40%26.36%-18.51%28.64%14.18%31.31%-4.36%21.59%
PEOPX
BNY Mellon S&P 500 Index Fund		-7.16%17.33%24.50%25.78%-18.67%28.25%17.83%30.96%-6.01%21.26%

Returns By Period

The year-to-date returns for both stocks are quite close, with DSPIX having a -7.09% return and PEOPX slightly lower at -7.16%. Both investments have delivered pretty close results over the past 10 years, with DSPIX having a 13.17% annualized return and PEOPX not far behind at 13.08%.

DSPIX

1D
-0.38%
1M
-7.69%
YTD
-7.09%
6M
-4.53%
1Y
14.39%
3Y*
17.00%
5Y*
11.19%
10Y*
13.17%

PEOPX

1D
-0.40%
1M
-7.72%
YTD
-7.16%
6M
-4.79%
1Y
13.93%
3Y*
16.69%
5Y*
10.90%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BNY Mellon Institutional S&P 500 Stock Index Fund

BNY Mellon S&P 500 Index Fund

Often compared with DSPIX:
DSPIX vs. VOODSPIX vs. SPYDSPIX vs. VTIDSPIX vs. PRNHXDSPIX vs. BTC-USDDSPIX vs. PRGFXDSPIX vs. VSTSX
Often compared with PEOPX:
PEOPX vs. PRNHXPEOPX vs. MEIAXPEOPX vs. SPYPEOPX vs. VOOPEOPX vs. PRDGXPEOPX vs. GRISXPEOPX vs. PRBLX

DSPIX vs. PEOPX - Expense Ratio Comparison

DSPIX has a 0.20% expense ratio, which is lower than PEOPX's 0.50% expense ratio.

PEOPX
BNY Mellon S&P 500 Index Fund
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund

Return for Risk

DSPIX vs. PEOPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DSPIX
DSPIX Risk / Return Rank: 4545
Overall Rank
DSPIX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
DSPIX Sortino Ratio Rank: 4444
Sortino Ratio Rank
DSPIX Omega Ratio Rank: 4848
Omega Ratio Rank
DSPIX Calmar Ratio Rank: 4141
Calmar Ratio Rank
DSPIX Martin Ratio Rank: 5252
Martin Ratio Rank
PEOPX
PEOPX Risk / Return Rank: 4343
Overall Rank
PEOPX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
PEOPX Sortino Ratio Rank: 4242
Sortino Ratio Rank
PEOPX Omega Ratio Rank: 4646
Omega Ratio Rank
PEOPX Calmar Ratio Rank: 3939
Calmar Ratio Rank
PEOPX Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSPIX vs. PEOPX - 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 S&P 500 Index Fund (PEOPX). 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.

DSPIXPEOPXDifference

Sharpe ratio

Return per unit of total volatility

0.83

0.81

+0.02

Sortino ratio

Return per unit of downside risk

1.29

1.26

+0.03

Omega ratio

Gain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.05

1.02

+0.04

Martin ratio

Return relative to average drawdown

5.11

4.91

+0.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSPIX vs. PEOPX - Sharpe Ratio Comparison

The current DSPIX Sharpe Ratio is 0.83, which is comparable to the PEOPX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of DSPIX and PEOPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DSPIXPEOPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

0.81

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.65

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.73

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.46

+0.08

Correlation

The correlation between DSPIX and PEOPX is 1.00, 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. PEOPX - Dividend Comparison

DSPIX's dividend yield for the trailing twelve months is around 36.45%, more than PEOPX's 11.15% yield.

TTM20252024202320222021202020192018201720162015
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund		36.45%33.86%27.60%27.46%18.33%12.91%1.15%5.01%6.33%2.53%2.91%2.63%
PEOPX
BNY Mellon S&P 500 Index Fund		11.15%10.35%10.38%7.35%11.78%12.89%11.94%14.37%14.75%9.21%10.90%7.81%

Drawdowns

DSPIX vs. PEOPX - Drawdown Comparison

The maximum DSPIX drawdown since its inception was -55.32%, roughly equal to the maximum PEOPX drawdown of -57.45%. Use the drawdown chart below to compare losses from any high point for DSPIX and PEOPX.

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Drawdown Indicators

DSPIXPEOPXDifference

Max Drawdown

Largest peak-to-trough decline

-55.32%

-57.45%

+2.13%

Max Drawdown (1Y)

Largest decline over 1 year

-12.15%

-12.13%

-0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-24.62%

-24.79%

+0.17%

Max Drawdown (10Y)

Largest decline over 10 years

-33.79%

-33.85%

+0.06%

Current Drawdown

Current decline from peak

-8.92%

-8.97%

+0.05%

Average Drawdown

Average peak-to-trough decline

-9.32%

-10.56%

+1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.50%

2.51%

-0.01%

Volatility

DSPIX vs. PEOPX - Volatility Comparison

BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon S&P 500 Index Fund (PEOPX) have volatilities of 4.24% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DSPIXPEOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

4.24%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.11%

9.08%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

18.18%

18.13%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

16.88%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

17.93%

+0.06%