GVMCX vs. DNLDX
GVMCX (Government Street Opportunities Fund) and DNLDX (BNY Mellon Active MidCap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, GVMCX returned 13.15%/yr vs 10.07%/yr for DNLDX. Their correlation of 0.95 means they have usually moved in the same direction. GVMCX charges 1.03%/yr vs 1.00%/yr for DNLDX.
Performance
GVMCX vs. DNLDX - Performance Comparison
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Returns By Period
In the year-to-date period, GVMCX achieves a 11.23% return, which is significantly lower than DNLDX's 15.00% return. Over the past 10 years, GVMCX has outperformed DNLDX with an annualized return of 13.15%, while DNLDX has yielded a comparatively lower 10.07% annualized return.
GVMCX
- 1D
- 1.94%
- 1M
- -1.53%
- 6M
- 6.45%
- YTD
- 11.23%
- 1Y
- 18.11%
- 3Y*
- 15.69%
- 5Y*
- 10.29%
- 10Y*
- 13.15%
- ALL TIME*
- 10.86%
DNLDX
- 1D
- 0.37%
- 1M
- 0.66%
- 6M
- 11.95%
- YTD
- 15.00%
- 1Y
- 21.19%
- 3Y*
- 16.81%
- 5Y*
- 10.45%
- 10Y*
- 10.07%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GVMCX vs. DNLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVMCX Government Street Opportunities Fund | 11.23% | 14.52% | 19.68% | 15.19% | -14.16% | 30.14% | 17.99% | 31.00% | -8.88% | 20.22% |
DNLDX BNY Mellon Active MidCap Fund | 15.00% | 9.79% | 22.27% | 16.99% | -14.34% | 26.49% | 9.29% | 16.82% | -14.46% | 16.64% |
Correlation
The correlation between GVMCX and DNLDX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.95 |
The correlation between GVMCX and DNLDX shifts across timeframes, from 0.84 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GVMCX vs. DNLDX — Risk / Return Rank
GVMCX
DNLDX
GVMCX vs. DNLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Government Street Opportunities Fund (GVMCX) 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.
| GVMCX | DNLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.61 | -0.80 |
| Martin ratioReturn relative to average drawdown | 6.80 | 9.77 | -2.97 |
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Drawdowns
GVMCX vs. DNLDX - Drawdown Comparison
The maximum GVMCX drawdown since its inception was -47.77%, smaller than the maximum DNLDX drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for GVMCX and DNLDX.
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Drawdown Indicators
| GVMCX | DNLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -63.69% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -7.29% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -20.42% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.92% | -23.42% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -42.23% | +7.56% |
Current DrawdownCurrent decline from peak | -3.68% | -0.65% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -9.60% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.95% | +0.37% |
Volatility
GVMCX vs. DNLDX - Volatility Comparison
Government Street Opportunities Fund (GVMCX) has a higher volatility of 4.41% compared to BNY Mellon Active MidCap Fund (DNLDX) at 2.77%. This indicates that GVMCX'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.
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Volatility by Period
| GVMCX | DNLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 2.77% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.01% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 13.48% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 18.50% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 19.46% | -2.00% |
GVMCX vs. DNLDX - Expense Ratio Comparison
GVMCX has a 1.03% expense ratio, which is higher than DNLDX's 1.00% expense ratio.
Dividends
GVMCX vs. DNLDX - Dividend Comparison
GVMCX's dividend yield for the trailing twelve months is around 2.09%, less than DNLDX's 13.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 13.06% | 14.15% | 15.24% | 1.69% | 8.82% | 17.74% | 2.77% | 2.65% | 11.14% | 11.32% | 1.00% | 3.12% |
GVMCX Government Street Opportunities Fund | 2.09% | 3.80% | 5.42% | 1.91% | 4.43% | 3.36% | 3.35% | 4.68% | 2.00% | 4.84% | 4.54% | 5.77% |
Frequently Asked Questions
GVMCX 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.
GVMCX has higher volatility (4.41%) compared to DNLDX (2.77%). In terms of maximum drawdown, GVMCX dropped -47.77% vs DNLDX's -63.69%.
DNLDX currently has the higher Sharpe Ratio (1.41 vs 1.05), 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.
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