Correlation
The correlation between MPBFX and USIG is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
MPBFX vs. USIG
Compare and contrast key facts about BNY Mellon Bond Fund (MPBFX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
MPBFX is managed by BNY Mellon. It was launched on Oct 2, 2000. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MPBFX or USIG.
Performance
MPBFX vs. USIG - Performance Comparison
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Key characteristics
MPBFX:
0.97
USIG:
1.09
MPBFX:
1.42
USIG:
1.53
MPBFX:
1.17
USIG:
1.19
MPBFX:
0.43
USIG:
0.58
MPBFX:
2.20
USIG:
3.40
MPBFX:
2.39%
USIG:
1.88%
MPBFX:
5.46%
USIG:
5.89%
MPBFX:
-18.40%
USIG:
-22.21%
MPBFX:
-7.32%
USIG:
-4.88%
Returns By Period
In the year-to-date period, MPBFX achieves a 2.15% return, which is significantly lower than USIG's 2.47% return. Over the past 10 years, MPBFX has underperformed USIG with an annualized return of 1.47%, while USIG has yielded a comparatively higher 2.61% annualized return.
MPBFX
2.15%
-0.64%
0.34%
4.83%
1.26%
-0.86%
1.47%
USIG
2.47%
0.46%
0.52%
5.85%
2.85%
0.32%
2.61%
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MPBFX vs. USIG - Expense Ratio Comparison
MPBFX has a 0.55% expense ratio, which is higher than USIG's 0.04% expense ratio.
Risk-Adjusted Performance
MPBFX vs. USIG — Risk-Adjusted Performance Rank
MPBFX
USIG
MPBFX vs. USIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Fund (MPBFX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
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Dividends
MPBFX vs. USIG - Dividend Comparison
MPBFX's dividend yield for the trailing twelve months is around 3.46%, less than USIG's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPBFX BNY Mellon Bond Fund | 3.46% | 3.70% | 3.17% | 2.86% | 2.33% | 4.64% | 2.87% | 3.00% | 2.90% | 3.13% | 2.77% | 2.97% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.56% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% |
Drawdowns
MPBFX vs. USIG - Drawdown Comparison
The maximum MPBFX drawdown since its inception was -18.40%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for MPBFX and USIG.
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Volatility
MPBFX vs. USIG - Volatility Comparison
The current volatility for BNY Mellon Bond Fund (MPBFX) is 1.35%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.58%. This indicates that MPBFX experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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