DTGRX vs. FDFIX
Compare and contrast key facts about BNY Mellon Technology Growth Fund (DTGRX) and Fidelity Flex 500 Index Fund (FDFIX).
DTGRX is managed by BNY Mellon. It was launched on Oct 12, 1997. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DTGRX or FDFIX.
Key characteristics
| DTGRX | FDFIX | |
|---|---|---|
| YTD Return | 26.40% | 27.18% |
| 1Y Return | 46.45% | 39.93% |
| 3Y Return (Ann) | -5.88% | 10.27% |
| 5Y Return (Ann) | 8.17% | 16.00% |
| Sharpe Ratio | 2.03 | 3.12 |
| Sortino Ratio | 2.62 | 4.15 |
| Omega Ratio | 1.35 | 1.58 |
| Calmar Ratio | 1.03 | 4.60 |
| Martin Ratio | 9.90 | 20.84 |
| Ulcer Index | 4.58% | 1.86% |
| Daily Std Dev | 22.33% | 12.43% |
| Max Drawdown | -83.23% | -33.77% |
| Current Drawdown | -17.73% | 0.00% |
Correlation
The correlation between DTGRX and FDFIX is 0.83, 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
DTGRX vs. FDFIX - Performance Comparison
The year-to-date returns for both investments are quite close, with DTGRX having a 26.40% return and FDFIX slightly higher at 27.18%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DTGRX vs. FDFIX - Expense Ratio Comparison
DTGRX has a 1.16% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
DTGRX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) and Fidelity Flex 500 Index Fund (FDFIX). 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
DTGRX vs. FDFIX - Dividend Comparison
DTGRX has not paid dividends to shareholders, while FDFIX's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.22% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% |
Drawdowns
DTGRX vs. FDFIX - Drawdown Comparison
The maximum DTGRX drawdown since its inception was -83.23%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for DTGRX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
DTGRX vs. FDFIX - Volatility Comparison
BNY Mellon Technology Growth Fund (DTGRX) has a higher volatility of 5.92% compared to Fidelity Flex 500 Index Fund (FDFIX) at 3.91%. This indicates that DTGRX's price experiences larger fluctuations and is considered to be riskier than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.