DSPIX vs. PESPX
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and BNY Mellon MidCap Index Fund (PESPX).
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. PESPX is managed by BNY Mellon. It was launched on Jun 29, 1998.
Performance
DSPIX vs. PESPX - Performance Comparison
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DSPIX vs. PESPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PESPX BNY Mellon MidCap Index Fund | -0.48% | 6.90% | 11.88% | 14.75% | -13.67% | 24.34% | 13.30% | 40.74% | -10.55% | 15.99% |
Returns By Period
In the year-to-date period, DSPIX achieves a -7.09% return, which is significantly lower than PESPX's -0.48% return. Over the past 10 years, DSPIX has outperformed PESPX with an annualized return of 13.17%, while PESPX has yielded a comparatively lower 9.84% annualized return.
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%
PESPX
- 1D
- -0.81%
- 1M
- -8.05%
- YTD
- -0.48%
- 6M
- 0.99%
- 1Y
- 13.46%
- 3Y*
- 9.62%
- 5Y*
- 5.28%
- 10Y*
- 9.84%
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DSPIX vs. PESPX - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is lower than PESPX's 0.50% expense ratio.
Return for Risk
DSPIX vs. PESPX — Risk / Return Rank
DSPIX
PESPX
DSPIX vs. PESPX - 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 MidCap Index Fund (PESPX). 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 | PESPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.66 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.07 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.82 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.11 | 3.56 | +1.55 |
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 | PESPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.66 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.27 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.46 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.27 | +0.27 |
Correlation
The correlation between DSPIX and PESPX is 0.89, 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. PESPX - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 36.45%, more than PESPX's 12.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PESPX BNY Mellon MidCap Index Fund | 12.30% | 12.24% | 11.73% | 8.19% | 16.04% | 15.10% | 11.21% | 21.60% | 14.61% | 9.22% | 1.09% | 1.34% |
Drawdowns
DSPIX vs. PESPX - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, smaller than the maximum PESPX drawdown of -61.56%. Use the drawdown chart below to compare losses from any high point for DSPIX and PESPX.
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Drawdown Indicators
| DSPIX | PESPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.32% | -61.56% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -14.12% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -25.18% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -42.09% | +8.30% |
Current DrawdownCurrent decline from peak | -8.92% | -8.86% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -10.45% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.26% | -0.76% |
Volatility
DSPIX vs. PESPX - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 4.24%, while BNY Mellon MidCap Index Fund (PESPX) has a volatility of 5.76%. This indicates that DSPIX experiences smaller price fluctuations and is considered to be less risky than PESPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSPIX | PESPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.76% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 11.49% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 20.84% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 19.63% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 21.54% | -3.55% |