MPBFX vs. DRMBX
Compare and contrast key facts about BNY Mellon Bond Fund (MPBFX) and BNY Mellon AMT-Free Municipal Bond Fund (DRMBX).
MPBFX is managed by BNY Mellon. It was launched on Oct 2, 2000. DRMBX is managed by BNY Mellon. It was launched on May 5, 1994.
Performance
MPBFX vs. DRMBX - Performance Comparison
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MPBFX vs. DRMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPBFX BNY Mellon Bond Fund | -0.45% | 7.20% | 1.08% | 5.48% | -13.55% | -1.50% | 7.87% | 8.82% | -0.53% | 3.91% |
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | -0.64% | 4.47% | 2.37% | 5.93% | -9.77% | 1.26% | 4.86% | 8.34% | 0.74% | 5.62% |
Returns By Period
In the year-to-date period, MPBFX achieves a -0.45% return, which is significantly higher than DRMBX's -0.64% return. Over the past 10 years, MPBFX has underperformed DRMBX with an annualized return of 1.59%, while DRMBX has yielded a comparatively higher 2.01% annualized return.
MPBFX
- 1D
- 0.46%
- 1M
- -2.14%
- YTD
- -0.45%
- 6M
- 0.48%
- 1Y
- 3.85%
- 3Y*
- 3.30%
- 5Y*
- -0.07%
- 10Y*
- 1.59%
DRMBX
- 1D
- 0.23%
- 1M
- -2.58%
- YTD
- -0.64%
- 6M
- 0.98%
- 1Y
- 3.70%
- 3Y*
- 3.16%
- 5Y*
- 0.69%
- 10Y*
- 2.01%
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MPBFX vs. DRMBX - Expense Ratio Comparison
MPBFX has a 0.55% expense ratio, which is higher than DRMBX's 0.49% expense ratio.
Return for Risk
MPBFX vs. DRMBX — Risk / Return Rank
MPBFX
DRMBX
MPBFX vs. DRMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Fund (MPBFX) and BNY Mellon AMT-Free Municipal Bond Fund (DRMBX). 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.
| MPBFX | DRMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.86 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.19 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.95 | +0.85 |
Martin ratioReturn relative to average drawdown | 5.19 | 2.91 | +2.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MPBFX | DRMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.86 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.18 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.50 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.13 | -0.29 |
Correlation
The correlation between MPBFX and DRMBX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MPBFX vs. DRMBX - Dividend Comparison
MPBFX's dividend yield for the trailing twelve months is around 3.53%, more than DRMBX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPBFX BNY Mellon Bond Fund | 3.53% | 3.82% | 3.70% | 3.17% | 2.86% | 2.33% | 4.64% | 2.87% | 3.00% | 2.89% | 3.12% | 2.77% |
DRMBX BNY Mellon AMT-Free Municipal Bond Fund | 3.39% | 4.30% | 3.02% | 2.30% | 2.06% | 1.93% | 2.37% | 3.30% | 2.95% | 3.07% | 3.24% | 3.47% |
Drawdowns
MPBFX vs. DRMBX - Drawdown Comparison
The maximum MPBFX drawdown since its inception was -18.40%, which is greater than DRMBX's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for MPBFX and DRMBX.
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Drawdown Indicators
| MPBFX | DRMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -14.48% | -3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -5.11% | +2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -14.48% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -14.48% | -3.92% |
Current DrawdownCurrent decline from peak | -3.18% | -2.58% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -1.99% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.67% | -0.77% |
Volatility
MPBFX vs. DRMBX - Volatility Comparison
BNY Mellon Bond Fund (MPBFX) has a higher volatility of 1.60% compared to BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) at 1.12%. This indicates that MPBFX's price experiences larger fluctuations and is considered to be riskier than DRMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPBFX | DRMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.12% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 1.75% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 5.20% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 3.95% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 4.02% | +0.80% |