MPBFX vs. DAGVX

Last updated Jun 24, 2026

MPBFX (BNY Mellon Bond Fund) and DAGVX (BNY Mellon Dynamic Value Fund) are both mutual funds - MPBFX is a Intermediate Core Bond fund managed by BNY Mellon, while DAGVX is a Large Cap Value Equities fund managed by BNY Mellon. Over the past 10 years, MPBFX returned 1.51%/yr vs 14.11%/yr for DAGVX. At a correlation of -0.19, they often move in opposite directions. MPBFX charges 0.55%/yr vs 0.93%/yr for DAGVX.

Performance

MPBFX vs. DAGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Bond Fund (MPBFX) and BNY Mellon Dynamic Value Fund (DAGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPBFX achieves a 0.02% return, which is significantly lower than DAGVX's 15.61% return. Over the past 10 years, MPBFX has underperformed DAGVX with an annualized return of 1.51%, while DAGVX has yielded a comparatively higher 14.11% annualized return.

MPBFX

• 1D: -0.27%
• 1M: 0.49%
• YTD: 0.02%
• 6M: 0.11%
• 1Y: 3.86%
• 3Y*: 3.69%
• 5Y*: -0.26%
• 10Y*: 1.51%

DAGVX

• 1D: 0.52%
• 1M: 2.58%
• YTD: 15.61%
• 6M: 14.55%
• 1Y: 29.34%
• 3Y*: 19.87%
• 5Y*: 14.14%
• 10Y*: 14.11%

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

MPBFX vs. DAGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPBFX BNY Mellon Bond Fund	0.02%	7.20%	1.08%	5.48%	-13.55%	-1.50%	7.87%	8.82%	-0.53%	3.91%
DAGVX BNY Mellon Dynamic Value Fund	15.61%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%

Correlation

The correlation between MPBFX and DAGVX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000	-0.19

The correlation between MPBFX and DAGVX shifts across timeframes, from -0.19 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MPBFX vs. DAGVX — Risk / Return Rank

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

MPBFX

MPBFX Risk / Return Rank: 18
MPBFX Sharpe Ratio Rank: 18
MPBFX Sortino Ratio Rank: 18
MPBFX Omega Ratio Rank: 17
MPBFX Calmar Ratio Rank: 19
MPBFX Martin Ratio Rank: 17

DAGVX

DAGVX Risk / Return Rank: 83
DAGVX Sharpe Ratio Rank: 81
DAGVX Sortino Ratio Rank: 78
DAGVX Omega Ratio Rank: 73
DAGVX Calmar Ratio Rank: 91
DAGVX Martin Ratio Rank: 90

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.

MPBFX vs. DAGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Fund (MPBFX) and BNY Mellon Dynamic Value Fund (DAGVX). 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.

	MPBFX	DAGVX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.45	-1.34
Sortino ratio: Return per unit of downside risk	1.65	3.40	-1.75
Omega ratio: Gain probability vs. loss probability	1.20	1.43	-0.24
Calmar ratio: Return relative to maximum drawdown	1.45	4.52	-3.07
Martin ratio: Return relative to average drawdown	4.12	16.55	-12.43

MPBFX vs. DAGVX - Sharpe Ratio Comparison

The current MPBFX Sharpe Ratio is 1.11, which is lower than the DAGVX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MPBFX and DAGVX, 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

MPBFX vs. DAGVX - Drawdown Comparison

The maximum MPBFX drawdown since its inception was -18.40%, smaller than the maximum DAGVX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for MPBFX and DAGVX.

Drawdown Indicators

	MPBFX	DAGVX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-55.04%	+36.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-6.69%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-16.96%	+10.78%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-16.96%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	-42.62%	+24.22%
Current Drawdown Current decline from peak	-2.72%	-0.28%	-2.44%
Average Drawdown Average peak-to-trough decline	-2.41%	-7.64%	+5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.82%	-0.81%

Volatility

MPBFX vs. DAGVX - Volatility Comparison

The current volatility for BNY Mellon Bond Fund (MPBFX) is 1.15%, while BNY Mellon Dynamic Value Fund (DAGVX) has a volatility of 4.24%. This indicates that MPBFX experiences smaller price fluctuations and is considered to be less risky than DAGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPBFX	DAGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	4.24%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	9.56%	-6.74%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	12.35%	-8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	15.59%	-9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.85%	18.85%	-14.00%

MPBFX vs. DAGVX - Expense Ratio Comparison

MPBFX has a 0.55% expense ratio, which is lower than DAGVX's 0.93% expense ratio.

Dividends

MPBFX vs. DAGVX - Dividend Comparison

MPBFX's dividend yield for the trailing twelve months is around 3.83%, less than DAGVX's 5.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.78%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
MPBFX BNY Mellon Bond Fund	3.83%	3.82%	3.70%	3.17%	2.86%	2.33%	4.64%	2.87%	3.00%	2.89%	3.12%	2.77%

Frequently Asked Questions

Can I hold both MPBFX and DAGVX in my portfolio?

MPBFX and DAGVX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPBFX or DAGVX?

DAGVX has higher volatility (4.24%) compared to MPBFX (1.15%). In terms of maximum drawdown, MPBFX dropped -18.40% vs DAGVX's -55.04%.

Which has better risk-adjusted returns?

DAGVX currently has the higher Sharpe Ratio (2.45 vs 1.11), 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.