MPBFX vs. DRGVX
MPBFX (BNY Mellon Bond Fund) and DRGVX (BNY Mellon Dynamic Value Fund Class I) are both mutual funds - MPBFX is a Intermediate Core Bond fund managed by BNY Mellon, while DRGVX is a Large Cap Value Equities fund actively managed by BNY Mellon. Over the past 10 years, MPBFX returned 1.51%/yr vs 14.35%/yr for DRGVX. At a correlation of -0.12, they often move in opposite directions. MPBFX charges 0.55%/yr vs 0.68%/yr for DRGVX.
Performance
MPBFX vs. DRGVX - Performance Comparison
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Returns By Period
In the year-to-date period, MPBFX achieves a 0.02% return, which is significantly lower than DRGVX's 15.75% return. Over the past 10 years, MPBFX has underperformed DRGVX with an annualized return of 1.51%, while DRGVX has yielded a comparatively higher 14.35% 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%
DRGVX
- 1D
- 0.51%
- 1M
- 2.59%
- YTD
- 15.75%
- 6M
- 14.70%
- 1Y
- 29.67%
- 3Y*
- 20.11%
- 5Y*
- 14.34%
- 10Y*
- 14.35%
MPBFX vs. DRGVX - 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% |
DRGVX BNY Mellon Dynamic Value Fund Class I | 15.75% | 18.48% | 14.26% | 12.83% | 1.51% | 31.14% | 3.94% | 27.04% | -10.52% | 15.06% |
Correlation
The correlation between MPBFX and DRGVX 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 Jan 2, 2014 | -0.12 |
The correlation between MPBFX and DRGVX shifts across timeframes, from -0.12 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPBFX vs. DRGVX — Risk / Return Rank
MPBFX
DRGVX
MPBFX vs. DRGVX - 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 Class I (DRGVX). 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 | DRGVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.59 | -3.15 |
| Martin ratioReturn relative to average drawdown | 4.12 | 16.80 | -12.67 |
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Drawdowns
MPBFX vs. DRGVX - Drawdown Comparison
The maximum MPBFX drawdown since its inception was -18.40%, smaller than the maximum DRGVX drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for MPBFX and DRGVX.
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Drawdown Indicators
| MPBFX | DRGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -42.60% | +24.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -6.65% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -17.01% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -17.01% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -42.60% | +24.20% |
Current DrawdownCurrent decline from peak | -2.72% | -0.28% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -4.32% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.82% | -0.81% |
Volatility
MPBFX vs. DRGVX - Volatility Comparison
The current volatility for BNY Mellon Bond Fund (MPBFX) is 1.15%, while BNY Mellon Dynamic Value Fund Class I (DRGVX) has a volatility of 4.25%. This indicates that MPBFX experiences smaller price fluctuations and is considered to be less risky than DRGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPBFX | DRGVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 4.25% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 9.57% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 12.34% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 15.60% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 18.85% | -14.00% |
MPBFX vs. DRGVX - Expense Ratio Comparison
MPBFX has a 0.55% expense ratio, which is lower than DRGVX's 0.68% expense ratio.
Dividends
MPBFX vs. DRGVX - Dividend Comparison
MPBFX's dividend yield for the trailing twelve months is around 3.83%, less than DRGVX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGVX BNY Mellon Dynamic Value Fund Class I | 5.94% | 6.88% | 6.87% | 5.31% | 7.99% | 21.73% | 2.85% | 3.52% | 17.87% | 10.95% | 2.89% | 16.07% |
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
MPBFX and DRGVX 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.
DRGVX has higher volatility (4.25%) compared to MPBFX (1.15%). In terms of maximum drawdown, MPBFX dropped -18.40% vs DRGVX's -42.60%.
DRGVX currently has the higher Sharpe Ratio (2.48 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.
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