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.
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
Key characteristics
DTGRX:
1.16
SPY:
2.03
DTGRX:
1.62
SPY:
2.71
DTGRX:
1.21
SPY:
1.38
DTGRX:
0.68
SPY:
3.02
DTGRX:
5.69
SPY:
13.49
DTGRX:
4.61%
SPY:
1.88%
DTGRX:
22.66%
SPY:
12.48%
DTGRX:
-83.23%
SPY:
-55.19%
DTGRX:
-18.00%
SPY:
-3.54%
Returns By Period
In the year-to-date period, DTGRX achieves a 25.99% return, which is significantly higher than SPY's 24.51% return. Over the past 10 years, DTGRX has underperformed SPY with an annualized return of 4.71%, while SPY has yielded a comparatively higher 12.94% annualized return.
DTGRX
25.99%
0.47%
4.85%
28.84%
10.21%
4.71%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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's dividend yield for the trailing twelve months is around 4.46%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 4.46% | 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 | 0.87% | 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 5.90% compared to SPDR S&P 500 ETF (SPY) at 3.61%. 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.