DTGRX vs. DRNJX
DTGRX (BNY Mellon Technology Growth Fund) and DRNJX (BNY Mellon New Jersey Municipal Bond Fund Class A) are both mutual funds - DTGRX is a Technology Equities fund managed by BNY Mellon, while DRNJX is a Municipal Bonds fund managed by BNY Mellon. Over the past 10 years, DTGRX returned 21.29%/yr vs 1.60%/yr for DRNJX. Their -0.06 correlation means they have often moved in opposite directions in the past. DTGRX charges 1.16%/yr vs 0.95%/yr for DRNJX.
Performance
DTGRX vs. DRNJX - Performance Comparison
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Returns By Period
In the year-to-date period, DTGRX achieves a 18.40% return, which is significantly higher than DRNJX's 0.24% return. Over the past 10 years, DTGRX has outperformed DRNJX with an annualized return of 21.29%, while DRNJX has yielded a comparatively lower 1.60% annualized return.
DTGRX
- 1D
- 6.06%
- 1M
- -7.05%
- 6M
- 14.60%
- YTD
- 18.40%
- 1Y
- 35.22%
- 3Y*
- 28.78%
- 5Y*
- 11.29%
- 10Y*
- 21.29%
- ALL TIME*
- 12.59%
DRNJX
- 1D
- -0.26%
- 1M
- -2.10%
- 6M
- -0.35%
- YTD
- 0.24%
- 1Y
- 5.14%
- 3Y*
- 2.85%
- 5Y*
- 0.09%
- 10Y*
- 1.60%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DTGRX vs. DRNJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 18.40% | 27.20% | 30.78% | 59.98% | -46.44% | 12.62% | 69.80% | 52.82% | -1.47% | 42.50% |
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 0.24% | 4.00% | 1.68% | 5.55% | -9.74% | 1.24% | 4.17% | 7.31% | 1.16% | 5.65% |
Correlation
The correlation between DTGRX and DRNJX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.06 |
The correlation between DTGRX and DRNJX shifts across timeframes, from -0.06 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DTGRX vs. DRNJX — Risk / Return Rank
DTGRX
DRNJX
DTGRX vs. DRNJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) and BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX). 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.
| DTGRX | DRNJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.48 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.21 | -0.50 |
| Martin ratioReturn relative to average drawdown | 5.37 | 7.32 | -1.95 |
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Drawdowns
DTGRX vs. DRNJX - Drawdown Comparison
The maximum DTGRX drawdown since its inception was -83.23%, which is greater than DRNJX's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for DTGRX and DRNJX.
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Drawdown Indicators
| DTGRX | DRNJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -14.81% | -68.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.25% | -2.75% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -28.31% | -5.75% | -22.56% |
Max Drawdown (5Y)Largest decline over 5 years | -52.92% | -14.75% | -38.17% |
Max Drawdown (10Y)Largest decline over 10 years | -52.92% | -14.81% | -38.11% |
Current DrawdownCurrent decline from peak | -13.30% | -2.10% | -11.20% |
Average DrawdownAverage peak-to-trough decline | -38.57% | -2.43% | -36.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 0.83% | +4.96% |
Volatility
DTGRX vs. DRNJX - Volatility Comparison
BNY Mellon Technology Growth Fund (DTGRX) has a higher volatility of 11.50% compared to BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX) at 1.06%. This indicates that DTGRX's price experiences larger fluctuations and is considered to be riskier than DRNJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTGRX | DRNJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.50% | 1.06% | +10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 24.30% | 2.44% | +21.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.12% | 2.99% | +25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.65% | 4.15% | +25.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.48% | 4.02% | +24.46% |
DTGRX vs. DRNJX - Expense Ratio Comparison
DTGRX has a 1.16% expense ratio, which is higher than DRNJX's 0.95% expense ratio.
Dividends
DTGRX vs. DRNJX - Dividend Comparison
DTGRX's dividend yield for the trailing twelve months is around 10.17%, more than DRNJX's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 2.69% | 3.69% | 2.68% | 2.11% | 2.35% | 1.85% | 2.56% | 3.73% | 4.41% | 3.13% | 3.33% | 3.38% |
DTGRX BNY Mellon Technology Growth Fund | 10.17% | 12.04% | 8.98% | 0.00% | 0.00% | 21.32% | 5.76% | 34.25% | 30.17% | 9.91% | 10.19% | 6.52% |
Frequently Asked Questions
DTGRX and DRNJX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTGRX has higher volatility (11.50%) compared to DRNJX (1.06%). In terms of maximum drawdown, DTGRX dropped -83.23% vs DRNJX's -14.81%.
DRNJX currently has the higher Sharpe Ratio (2.04 vs 1.11), 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.
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