DSPIX vs. SPY
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and SPDR S&P 500 ETF (SPY).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or SPY.
Correlation
The correlation between DSPIX and SPY is 0.97, 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.
Performance
DSPIX vs. SPY - Performance Comparison
Key characteristics
DSPIX:
0.32
SPY:
0.30
DSPIX:
0.58
SPY:
0.56
DSPIX:
1.08
SPY:
1.08
DSPIX:
0.32
SPY:
0.31
DSPIX:
1.44
SPY:
1.40
DSPIX:
4.17%
SPY:
4.18%
DSPIX:
18.89%
SPY:
19.64%
DSPIX:
-55.32%
SPY:
-55.19%
DSPIX:
-13.88%
SPY:
-13.86%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with DSPIX at -9.91% and SPY at -9.91%. Both investments have delivered pretty close results over the past 10 years, with DSPIX having a 11.55% annualized return and SPY not far ahead at 11.59%.
DSPIX
-9.91%
-6.87%
-9.27%
6.86%
14.58%
11.55%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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DSPIX vs. SPY - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DSPIX vs. SPY — Risk-Adjusted Performance Rank
DSPIX
SPY
DSPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DSPIX vs. SPY - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 31.21%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 31.21% | 28.12% | 27.46% | 18.33% | 12.91% | 4.64% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% | 1.70% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DSPIX vs. SPY - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DSPIX and SPY. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. SPY - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 13.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that DSPIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.