DSTIX vs. DNLAX

Last updated Aug 1, 2026

DSTIX (BNY Mellon Short Term Income Fund) and DNLAX (BNY Mellon Natural Resources Fund Class A) are both mutual funds - DSTIX is a Short-Term Bond fund managed by BNY Mellon, while DNLAX is a Energy Equities fund managed by BNY Mellon. Over the past 10 years, DSTIX returned 2.03%/yr vs 12.94%/yr for DNLAX. Their -0.02 correlation means they have often moved in opposite directions in the past. DSTIX charges 0.60%/yr vs 1.14%/yr for DNLAX.

Performance

DSTIX vs. DNLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Short Term Income Fund (DSTIX) and BNY Mellon Natural Resources Fund Class A (DNLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSTIX achieves a 0.63% return, which is significantly lower than DNLAX's 22.39% return. Over the past 10 years, DSTIX has underperformed DNLAX with an annualized return of 2.03%, while DNLAX has yielded a comparatively higher 12.94% annualized return.

DSTIX

• 1D: 0.10%
• 1M: -0.31%
• 6M: 0.25%
• YTD: 0.63%
• 1Y: 2.69%
• 3Y*: 5.05%
• 5Y*: 2.11%
• 10Y*: 2.03%
• ALL TIME*: 3.39%

DNLAX

• 1D: 1.69%
• 1M: 6.69%
• 6M: 8.33%
• YTD: 22.39%
• 1Y: 44.28%
• 3Y*: 10.09%
• 5Y*: 17.71%
• 10Y*: 12.94%
• ALL TIME*: 10.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DNLAX BNY Mellon Natural Resources Fund Class A	$0.00	$0.00	$0.00
DSTIX BNY Mellon Short Term Income Fund	$0.00	$0.00	$0.00

DSTIX vs. DNLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSTIX BNY Mellon Short Term Income Fund	0.63%	6.03%	4.93%	6.08%	-5.81%	-0.73%	4.93%	4.63%	-0.49%	1.47%
DNLAX BNY Mellon Natural Resources Fund Class A	22.39%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%

Correlation

The correlation between DSTIX and DNLAX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.05
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (10Y) Provides a long-term view across more market conditions.	0.04
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003	-0.02

Return for Risk

DSTIX vs. DNLAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DSTIX

DSTIX Risk / Return Rank: 70
DSTIX Sharpe Ratio Rank: 70
DSTIX Sortino Ratio Rank: 83
DSTIX Omega Ratio Rank: 81
DSTIX Calmar Ratio Rank: 56
DSTIX Martin Ratio Rank: 58

DNLAX

DNLAX Risk / Return Rank: 85
DNLAX Sharpe Ratio Rank: 87
DNLAX Sortino Ratio Rank: 80
DNLAX Omega Ratio Rank: 80
DNLAX Calmar Ratio Rank: 92
DNLAX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DSTIX vs. DNLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Short Term Income Fund (DSTIX) and BNY Mellon Natural Resources Fund Class A (DNLAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DSTIX	DNLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.14	-0.45
Sortino ratio: Return per unit of downside risk	2.99	2.78	+0.21
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	2.05	3.59	-1.53
Martin ratio: Return relative to average drawdown	7.96	11.26	-3.30

DSTIX vs. DNLAX - Sharpe Ratio Comparison

The current DSTIX Sharpe Ratio is 1.69, which is comparable to the DNLAX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of DSTIX and DNLAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DSTIX vs. DNLAX - Drawdown Comparison

The maximum DSTIX drawdown since its inception was -8.77%, smaller than the maximum DNLAX drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for DSTIX and DNLAX.

Drawdown Indicators

	DSTIX	DNLAX	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-69.14%	+60.37%
Max Drawdown (1Y) Largest decline over 1 year	-1.73%	-11.28%	+9.55%
Max Drawdown (3Y) Largest decline over 3 years	-1.73%	-32.37%	+30.64%
Max Drawdown (5Y) Largest decline over 5 years	-8.72%	-32.37%	+23.65%
Max Drawdown (10Y) Largest decline over 10 years	-8.77%	-54.45%	+45.68%
Current Drawdown Current decline from peak	-0.41%	-4.13%	+3.72%
Average Drawdown Average peak-to-trough decline	-0.86%	-21.45%	+20.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	3.61%	-3.17%

Volatility

DSTIX vs. DNLAX - Volatility Comparison

The current volatility for BNY Mellon Short Term Income Fund (DSTIX) is 0.46%, while BNY Mellon Natural Resources Fund Class A (DNLAX) has a volatility of 4.53%. This indicates that DSTIX experiences smaller price fluctuations and is considered to be less risky than DNLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSTIX	DNLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	4.53%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	14.20%	-12.58%
Volatility (1Y) Calculated over the trailing 1-year period	2.10%	19.04%	-16.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.60%	25.47%	-22.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	25.49%	-23.16%

DSTIX vs. DNLAX - Expense Ratio Comparison

DSTIX has a 0.60% expense ratio, which is lower than DNLAX's 1.14% expense ratio.

Dividends

DSTIX vs. DNLAX - Dividend Comparison

DSTIX's dividend yield for the trailing twelve months is around 4.24%, more than DNLAX's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLAX BNY Mellon Natural Resources Fund Class A	1.79%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%
DSTIX BNY Mellon Short Term Income Fund	4.24%	4.60%	4.28%	3.42%	1.90%	1.52%	2.34%	2.13%	3.10%	1.76%	1.12%	1.82%

Frequently Asked Questions

Can I hold both DSTIX and DNLAX in my portfolio?

DSTIX and DNLAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSTIX or DNLAX?

DNLAX has higher volatility (4.53%) compared to DSTIX (0.46%). In terms of maximum drawdown, DSTIX dropped -8.77% vs DNLAX's -69.14%.

Which has better risk-adjusted returns?

DNLAX currently has the higher Sharpe Ratio (2.14 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.