FAMEX vs. DNLDX

Last updated Jun 24, 2026

FAMEX (FAM Dividend Focus Fund) and DNLDX (BNY Mellon Active MidCap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FAMEX returned 10.93%/yr vs 10.65%/yr for DNLDX. Their correlation of 0.84 suggests significant overlap in exposure. FAMEX charges 1.23%/yr vs 1.00%/yr for DNLDX.

Performance

FAMEX vs. DNLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FAM Dividend Focus Fund (FAMEX) and BNY Mellon Active MidCap Fund (DNLDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAMEX achieves a 2.03% return, which is significantly lower than DNLDX's 13.68% return. Both investments have delivered pretty close results over the past 10 years, with FAMEX having a 10.93% annualized return and DNLDX not far behind at 10.65%.

FAMEX

• 1D: 0.04%
• 1M: 4.43%
• YTD: 2.03%
• 6M: 0.58%
• 1Y: -2.22%
• 3Y*: 7.86%
• 5Y*: 5.36%
• 10Y*: 10.93%

DNLDX

• 1D: 0.69%
• 1M: 3.99%
• YTD: 13.68%
• 6M: 12.10%
• 1Y: 22.83%
• 3Y*: 19.40%
• 5Y*: 10.82%
• 10Y*: 10.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAMEX vs. DNLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAMEX FAM Dividend Focus Fund	2.03%	1.91%	7.56%	19.70%	-13.40%	25.61%	13.19%	32.56%	0.06%	12.64%
DNLDX BNY Mellon Active MidCap Fund	13.68%	9.79%	22.27%	16.99%	-14.34%	26.49%	9.29%	16.82%	-14.46%	16.64%

Correlation

The correlation between FAMEX and DNLDX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 29, 1996	0.84

The correlation between FAMEX and DNLDX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

FAMEX vs. DNLDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAMEX

FAMEX Risk / Return Rank: 2
FAMEX Sharpe Ratio Rank: 2
FAMEX Sortino Ratio Rank: 2
FAMEX Omega Ratio Rank: 2
FAMEX Calmar Ratio Rank: 2
FAMEX Martin Ratio Rank: 2

DNLDX

DNLDX Risk / Return Rank: 54
DNLDX Sharpe Ratio Rank: 43
DNLDX Sortino Ratio Rank: 44
DNLDX Omega Ratio Rank: 38
DNLDX Calmar Ratio Rank: 77
DNLDX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAMEX vs. DNLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FAM Dividend Focus Fund (FAMEX) and BNY Mellon Active MidCap Fund (DNLDX). 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.

	FAMEX	DNLDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.78	-1.86
Sortino ratio: Return per unit of downside risk	-0.02	2.56	-2.57
Omega ratio: Gain probability vs. loss probability	1.00	1.31	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.08	3.30	-3.38
Martin ratio: Return relative to average drawdown	-0.16	12.34	-12.50

FAMEX vs. DNLDX - Sharpe Ratio Comparison

The current FAMEX Sharpe Ratio is -0.08, which is lower than the DNLDX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of FAMEX and DNLDX, 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

FAMEX vs. DNLDX - Drawdown Comparison

The maximum FAMEX drawdown since its inception was -54.68%, smaller than the maximum DNLDX drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for FAMEX and DNLDX.

Drawdown Indicators

	FAMEX	DNLDX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-63.69%	+9.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-7.29%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-20.42%	+5.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-23.42%	-0.68%
Max Drawdown (10Y) Largest decline over 10 years	-35.96%	-42.23%	+6.27%
Current Drawdown Current decline from peak	-6.10%	0.00%	-6.10%
Average Drawdown Average peak-to-trough decline	-6.80%	-9.62%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	1.95%	+4.77%

Volatility

FAMEX vs. DNLDX - Volatility Comparison

FAM Dividend Focus Fund (FAMEX) has a higher volatility of 4.82% compared to BNY Mellon Active MidCap Fund (DNLDX) at 4.43%. This indicates that FAMEX's price experiences larger fluctuations and is considered to be riskier than DNLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAMEX	DNLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.43%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	10.15%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	13.54%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	18.54%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	19.55%	-1.58%

FAMEX vs. DNLDX - Expense Ratio Comparison

FAMEX has a 1.23% expense ratio, which is higher than DNLDX's 1.00% expense ratio.

Dividends

FAMEX vs. DNLDX - Dividend Comparison

FAMEX's dividend yield for the trailing twelve months is around 3.66%, less than DNLDX's 13.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLDX BNY Mellon Active MidCap Fund	13.22%	14.15%	15.24%	1.69%	8.82%	17.74%	2.77%	2.65%	11.14%	11.32%	1.00%	3.12%
FAMEX FAM Dividend Focus Fund	3.66%	3.74%	3.34%	0.67%	1.36%	1.36%	2.18%	2.97%	1.35%	0.70%	8.80%	5.19%

Frequently Asked Questions

Can I hold both FAMEX and DNLDX in my portfolio?

FAMEX and DNLDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAMEX or DNLDX?

FAMEX has higher volatility (4.82%) compared to DNLDX (4.43%). In terms of maximum drawdown, FAMEX dropped -54.68% vs DNLDX's -63.69%.

Which has better risk-adjusted returns?

DNLDX currently has the higher Sharpe Ratio (1.78 vs -0.08), 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.