MOTIX vs. DSPIX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Municipal Opportunities Fund (MOTIX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX).

MOTIX is managed by BNY Mellon. It was launched on Oct 14, 2008. DSPIX is a passively managed fund by BNY Mellon that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 1993.

Performance

MOTIX vs. DSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Opportunities Fund (MOTIX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX). The values are adjusted to include any dividend payments, if applicable.

MOTIX vs. DSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOTIX BNY Mellon Municipal Opportunities Fund	0.00%	3.74%	3.44%	6.60%	-10.86%	2.81%	4.76%	8.03%	2.29%	5.65%
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund	-7.09%	17.81%	24.40%	26.36%	-18.51%	28.64%	14.18%	31.31%	-4.36%	21.59%

Returns By Period

MOTIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DSPIX

• 1D: -0.38%
• 1M: -7.69%
• YTD: -7.09%
• 6M: -4.53%
• 1Y: 14.39%
• 3Y*: 17.00%
• 5Y*: 11.19%
• 10Y*: 13.17%

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

MOTIX vs. DSPIX - Expense Ratio Comparison

MOTIX has a 0.90% expense ratio, which is higher than DSPIX's 0.20% expense ratio.

MOTIX

BNY Mellon Municipal Opportunities Fund

DSPIX

BNY Mellon Institutional S&P 500 Stock Index Fund

Return for Risk

MOTIX vs. DSPIX — Risk / Return Rank

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

DSPIX

DSPIX Risk / Return Rank: 45
DSPIX Sharpe Ratio Rank: 41
DSPIX Sortino Ratio Rank: 44
DSPIX Omega Ratio Rank: 48
DSPIX Calmar Ratio Rank: 41
DSPIX Martin Ratio Rank: 52

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.

MOTIX vs. DSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Opportunities Fund (MOTIX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MOTIX	DSPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Correlation

The correlation between MOTIX and DSPIX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MOTIX vs. DSPIX - Dividend Comparison

MOTIX's dividend yield for the trailing twelve months is around 2.74%, less than DSPIX's 36.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOTIX BNY Mellon Municipal Opportunities Fund	2.74%	4.35%	3.46%	2.32%	3.64%	2.06%	2.60%	3.32%	3.19%	2.83%	3.45%	3.21%
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund	36.45%	33.86%	27.60%	27.46%	18.33%	12.91%	1.15%	5.01%	6.33%	2.53%	2.91%	2.63%

Drawdowns

Drawdown Indicators

	MOTIX	DSPIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	—	-8.92%	—
Average Drawdown Average peak-to-trough decline	—	-9.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.50%	—

Volatility

Volatility by Period

	MOTIX	DSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.99%	—