DTGRX vs. SPY
Compare and contrast key facts about BNY Mellon Technology Growth Fund (DTGRX) and SPDR S&P 500 ETF (SPY).
DTGRX is managed by BNY Mellon. It was launched on Oct 12, 1997. 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: DTGRX or SPY.
Key characteristics
| DTGRX | SPY | |
|---|---|---|
| YTD Return | 24.27% | 25.52% |
| 1Y Return | 43.46% | 37.10% |
| 3Y Return (Ann) | -6.04% | 9.68% |
| 5Y Return (Ann) | 7.81% | 15.68% |
| 10Y Return (Ann) | 2.93% | 13.27% |
| Sharpe Ratio | 2.04 | 3.06 |
| Sortino Ratio | 2.63 | 4.08 |
| Omega Ratio | 1.36 | 1.58 |
| Calmar Ratio | 1.04 | 4.46 |
| Martin Ratio | 9.92 | 20.21 |
| Ulcer Index | 4.58% | 1.86% |
| Daily Std Dev | 22.30% | 12.27% |
| Max Drawdown | -83.23% | -55.19% |
| Current Drawdown | -19.12% | 0.00% |
Correlation
The correlation between DTGRX and SPY is 0.81, 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. SPY - Performance Comparison
In the year-to-date period, DTGRX achieves a 24.27% return, which is significantly lower than SPY's 25.52% return. Over the past 10 years, DTGRX has underperformed SPY with an annualized return of 2.93%, while SPY has yielded a comparatively higher 13.27% annualized return. 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. SPY - Expense Ratio Comparison
DTGRX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DTGRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) 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
DTGRX vs. SPY - Dividend Comparison
DTGRX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DTGRX vs. SPY - Drawdown Comparison
The maximum DTGRX drawdown since its inception was -83.23%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DTGRX and SPY. For additional features, visit the drawdowns tool.
Volatility
DTGRX vs. SPY - Volatility Comparison
BNY Mellon Technology Growth Fund (DTGRX) has a higher volatility of 5.71% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that DTGRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.