EICIX vs. DQIRX

Last updated Aug 1, 2026

EICIX (EIC Value Fund) and DQIRX (BNY Mellon Equity Income Fund) are both mutual funds - EICIX is a Large Cap Value Equities fund managed by EIC, while DQIRX is a Dividend fund managed by Dreyfus. Over the past 10 years, EICIX returned 11.84%/yr vs 13.98%/yr for DQIRX. Their correlation of 0.82 means they have usually moved in the same direction. EICIX charges 0.95%/yr vs 0.78%/yr for DQIRX.

Performance

EICIX vs. DQIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EIC Value Fund (EICIX) and BNY Mellon Equity Income Fund (DQIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EICIX having a 13.97% return and DQIRX slightly lower at 13.79%. Over the past 10 years, EICIX has underperformed DQIRX with an annualized return of 11.84%, while DQIRX has yielded a comparatively higher 13.98% annualized return.

EICIX

• 1D: -1.07%
• 1M: 4.45%
• 6M: 8.40%
• YTD: 13.97%
• 1Y: 21.06%
• 3Y*: 15.82%
• 5Y*: 12.58%
• 10Y*: 11.84%
• ALL TIME*: 10.72%

DQIRX

• 1D: 1.03%
• 1M: 1.33%
• 6M: 10.63%
• YTD: 13.79%
• 1Y: 26.77%
• 3Y*: 21.54%
• 5Y*: 15.36%
• 10Y*: 13.98%
• ALL TIME*: 10.37%

*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)
DQIRX BNY Mellon Equity Income Fund	$0.00	$0.00	$0.00
EICIX EIC Value Fund	$0.00	$0.00	$0.00

EICIX vs. DQIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EICIX EIC Value Fund	13.97%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%
DQIRX BNY Mellon Equity Income Fund	13.79%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%

Correlation

The correlation between EICIX and DQIRX is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since May 2, 2011	0.82

Over the past year, the correlation between EICIX and DQIRX has dropped to 0.41 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

EICIX vs. DQIRX — Risk / Return Rank

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

EICIX

EICIX Risk / Return Rank: 59
EICIX Sharpe Ratio Rank: 64
EICIX Sortino Ratio Rank: 67
EICIX Omega Ratio Rank: 58
EICIX Calmar Ratio Rank: 68
EICIX Martin Ratio Rank: 37

DQIRX

DQIRX Risk / Return Rank: 87
DQIRX Sharpe Ratio Rank: 86
DQIRX Sortino Ratio Rank: 81
DQIRX Omega Ratio Rank: 82
DQIRX Calmar Ratio Rank: 92
DQIRX Martin Ratio Rank: 93

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.

EICIX vs. DQIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EIC Value Fund (EICIX) and BNY Mellon Equity Income Fund (DQIRX). 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.

	EICIX	DQIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.10	-0.58
Sortino ratio: Return per unit of downside risk	2.28	2.82	-0.54
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.12
Calmar ratio: Return relative to maximum drawdown	2.24	3.59	-1.35
Martin ratio: Return relative to average drawdown	5.46	13.49	-8.04

EICIX vs. DQIRX - Sharpe Ratio Comparison

The current EICIX Sharpe Ratio is 1.52, which is comparable to the DQIRX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of EICIX and DQIRX, 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

EICIX vs. DQIRX - Drawdown Comparison

The maximum EICIX drawdown since its inception was -34.26%, smaller than the maximum DQIRX drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for EICIX and DQIRX.

Drawdown Indicators

	EICIX	DQIRX	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-50.77%	+16.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-6.79%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-18.48%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-20.34%	+2.98%
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	-36.82%	+2.56%
Current Drawdown Current decline from peak	-1.35%	-1.63%	+0.28%
Average Drawdown Average peak-to-trough decline	-3.39%	-6.90%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	1.81%	+1.68%

Volatility

EICIX vs. DQIRX - Volatility Comparison

EIC Value Fund (EICIX) has a higher volatility of 5.79% compared to BNY Mellon Equity Income Fund (DQIRX) at 2.99%. This indicates that EICIX's price experiences larger fluctuations and is considered to be riskier than DQIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICIX	DQIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	2.99%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	8.61%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	11.63%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	15.85%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	17.39%	-1.04%

EICIX vs. DQIRX - Expense Ratio Comparison

EICIX has a 0.95% expense ratio, which is higher than DQIRX's 0.78% expense ratio.

Dividends

EICIX vs. DQIRX - Dividend Comparison

EICIX's dividend yield for the trailing twelve months is around 7.85%, more than DQIRX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.81%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
EICIX EIC Value Fund	7.85%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%

Frequently Asked Questions

Can I hold both EICIX and DQIRX in my portfolio?

EICIX and DQIRX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EICIX or DQIRX?

EICIX has higher volatility (5.79%) compared to DQIRX (2.99%). In terms of maximum drawdown, EICIX dropped -34.26% vs DQIRX's -50.77%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (2.10 vs 1.52), 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.