LGVAX vs. DQIRX

Last updated Jun 26, 2026

LGVAX (ClearBridge Value Fund Class A) and DQIRX (BNY Mellon Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, LGVAX returned 12.57%/yr vs 14.39%/yr for DQIRX. Their correlation of 0.90 suggests significant overlap in exposure. LGVAX charges 1.01%/yr vs 0.78%/yr for DQIRX.

Performance

LGVAX vs. DQIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, LGVAX achieves a 10.02% return, which is significantly lower than DQIRX's 11.58% return. Over the past 10 years, LGVAX has underperformed DQIRX with an annualized return of 12.57%, while DQIRX has yielded a comparatively higher 14.39% annualized return.

LGVAX

• 1D: -0.12%
• 1M: -0.91%
• YTD: 10.02%
• 6M: 8.39%
• 1Y: 20.08%
• 3Y*: 16.31%
• 5Y*: 9.86%
• 10Y*: 12.57%

DQIRX

• 1D: -0.48%
• 1M: -2.89%
• YTD: 11.58%
• 6M: 10.31%
• 1Y: 27.83%
• 3Y*: 23.24%
• 5Y*: 15.12%
• 10Y*: 14.39%

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

LGVAX vs. DQIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGVAX ClearBridge Value Fund Class A	10.02%	10.56%	15.04%	19.69%	-6.33%	27.81%	11.40%	27.04%	-12.93%	14.59%
DQIRX BNY Mellon Equity Income Fund	11.58%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%

Correlation

The correlation between LGVAX and DQIRX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009	0.90

The correlation between LGVAX and DQIRX shifts across timeframes, from 0.80 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LGVAX vs. DQIRX — Risk / Return Rank

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

LGVAX

LGVAX Risk / Return Rank: 46
LGVAX Sharpe Ratio Rank: 40
LGVAX Sortino Ratio Rank: 39
LGVAX Omega Ratio Rank: 39
LGVAX Calmar Ratio Rank: 56
LGVAX Martin Ratio Rank: 54

DQIRX

DQIRX Risk / Return Rank: 86
DQIRX Sharpe Ratio Rank: 86
DQIRX Sortino Ratio Rank: 80
DQIRX Omega Ratio Rank: 81
DQIRX Calmar Ratio Rank: 91
DQIRX Martin Ratio Rank: 92

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.

LGVAX vs. DQIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Value Fund Class A (LGVAX) 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.

	LGVAX	DQIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.42	-0.92
Sortino ratio: Return per unit of downside risk	2.12	3.24	-1.12
Omega ratio: Gain probability vs. loss probability	1.27	1.44	-0.17
Calmar ratio: Return relative to maximum drawdown	2.44	4.09	-1.65
Martin ratio: Return relative to average drawdown	9.20	16.57	-7.37

LGVAX vs. DQIRX - Sharpe Ratio Comparison

The current LGVAX Sharpe Ratio is 1.51, which is lower than the DQIRX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of LGVAX 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

LGVAX vs. DQIRX - Drawdown Comparison

The maximum LGVAX drawdown since its inception was -40.40%, smaller than the maximum DQIRX drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for LGVAX and DQIRX.

Drawdown Indicators

	LGVAX	DQIRX	Difference
Max Drawdown Largest peak-to-trough decline	-40.40%	-50.77%	+10.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-6.79%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.09%	-18.48%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-20.41%	-20.34%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.40%	-36.82%	-3.58%
Current Drawdown Current decline from peak	-2.04%	-3.54%	+1.50%
Average Drawdown Average peak-to-trough decline	-5.19%	-6.92%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.67%	+0.40%

Volatility

LGVAX vs. DQIRX - Volatility Comparison

ClearBridge Value Fund Class A (LGVAX) and BNY Mellon Equity Income Fund (DQIRX) have volatilities of 4.15% and 4.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGVAX	DQIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.15%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	8.64%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	11.48%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	15.89%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	17.41%	+1.79%

LGVAX vs. DQIRX - Expense Ratio Comparison

LGVAX has a 1.01% expense ratio, which is higher than DQIRX's 0.78% expense ratio.

Dividends

LGVAX vs. DQIRX - Dividend Comparison

LGVAX's dividend yield for the trailing twelve months is around 9.78%, more than DQIRX's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.92%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
LGVAX ClearBridge Value Fund Class A	9.78%	10.76%	10.83%	12.64%	8.49%	18.44%	6.01%	0.54%	1.86%	0.50%	0.93%	0.39%

Frequently Asked Questions

Can I hold both LGVAX and DQIRX in my portfolio?

LGVAX and DQIRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGVAX or DQIRX?

DQIRX has higher volatility (4.15%) compared to LGVAX (4.15%). In terms of maximum drawdown, LGVAX dropped -40.40% vs DQIRX's -50.77%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (2.42 vs 1.51), 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.