MPITX vs. DRGVX

Last updated Jun 23, 2026

MPITX (BNY Mellon International Fund) and DRGVX (BNY Mellon Dynamic Value Fund Class I) are both mutual funds - MPITX is a Foreign Large Cap Equities fund managed by BNY Mellon, while DRGVX is a Large Cap Value Equities fund actively managed by BNY Mellon. Over the past 10 years, MPITX returned 8.55%/yr vs 14.00%/yr for DRGVX. A 0.69 correlation means they provide meaningful diversification when combined. MPITX charges 1.03%/yr vs 0.68%/yr for DRGVX.

Performance

MPITX vs. DRGVX - Performance Comparison

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

Returns By Period

In the year-to-date period, MPITX achieves a 11.27% return, which is significantly lower than DRGVX's 15.16% return. Over the past 10 years, MPITX has underperformed DRGVX with an annualized return of 8.55%, while DRGVX has yielded a comparatively higher 14.00% annualized return.

MPITX

• 1D: 0.73%
• 1M: 2.28%
• YTD: 11.27%
• 6M: 11.72%
• 1Y: 25.04%
• 3Y*: 14.89%
• 5Y*: 7.93%
• 10Y*: 8.55%

DRGVX

• 1D: 0.37%
• 1M: 2.07%
• YTD: 15.16%
• 6M: 14.28%
• 1Y: 29.75%
• 3Y*: 19.16%
• 5Y*: 14.72%
• 10Y*: 14.00%

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

MPITX vs. DRGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPITX BNY Mellon International Fund	11.27%	31.06%	1.61%	17.01%	-15.66%	9.01%	7.19%	22.28%	-16.66%	27.96%
DRGVX BNY Mellon Dynamic Value Fund Class I	15.16%	18.48%	14.26%	12.83%	1.51%	31.14%	3.94%	27.04%	-10.52%	15.06%

Correlation

The correlation between MPITX and DRGVX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.69

The correlation between MPITX and DRGVX has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

Return for Risk

MPITX vs. DRGVX — Risk / Return Rank

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

MPITX

MPITX Risk / Return Rank: 35
MPITX Sharpe Ratio Rank: 36
MPITX Sortino Ratio Rank: 37
MPITX Omega Ratio Rank: 36
MPITX Calmar Ratio Rank: 36
MPITX Martin Ratio Rank: 32

DRGVX

DRGVX Risk / Return Rank: 83
DRGVX Sharpe Ratio Rank: 81
DRGVX Sortino Ratio Rank: 78
DRGVX Omega Ratio Rank: 73
DRGVX Calmar Ratio Rank: 92
DRGVX 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.

MPITX vs. DRGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Fund (MPITX) 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.

	MPITX	DRGVX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.45	-0.85
Sortino ratio: Return per unit of downside risk	2.36	3.40	-1.04
Omega ratio: Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio: Return relative to maximum drawdown	2.14	4.54	-2.40
Martin ratio: Return relative to average drawdown	6.89	16.59	-9.69

MPITX vs. DRGVX - Sharpe Ratio Comparison

The current MPITX Sharpe Ratio is 1.60, which is lower than the DRGVX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MPITX and DRGVX, 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

MPITX vs. DRGVX - Drawdown Comparison

The maximum MPITX drawdown since its inception was -58.61%, which is greater than DRGVX's maximum drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for MPITX and DRGVX.

Drawdown Indicators

	MPITX	DRGVX	Difference
Max Drawdown Largest peak-to-trough decline	-58.61%	-42.60%	-16.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-6.65%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-17.01%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.06%	-17.01%	-14.05%
Max Drawdown (10Y) Largest decline over 10 years	-37.52%	-42.60%	+5.08%
Current Drawdown Current decline from peak	-1.93%	-0.79%	-1.14%
Average Drawdown Average peak-to-trough decline	-12.43%	-4.32%	-8.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	1.82%	+1.70%

Volatility

MPITX vs. DRGVX - Volatility Comparison

BNY Mellon International Fund (MPITX) has a higher volatility of 4.96% compared to BNY Mellon Dynamic Value Fund Class I (DRGVX) at 4.39%. This indicates that MPITX's price experiences larger fluctuations and is considered to be riskier than DRGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPITX	DRGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.39%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	9.57%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	12.31%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	15.63%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	18.85%	-1.88%

MPITX vs. DRGVX - Expense Ratio Comparison

MPITX has a 1.03% expense ratio, which is higher than DRGVX's 0.68% expense ratio.

Dividends

MPITX vs. DRGVX - Dividend Comparison

MPITX's dividend yield for the trailing twelve months is around 2.17%, less than DRGVX's 5.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRGVX BNY Mellon Dynamic Value Fund Class I	5.97%	6.88%	6.87%	5.31%	7.99%	21.73%	2.85%	3.52%	17.87%	10.95%	2.89%	16.07%
MPITX BNY Mellon International Fund	2.17%	2.41%	3.35%	3.81%	4.62%	1.61%	2.19%	2.52%	2.24%	1.50%	2.05%	1.40%

Frequently Asked Questions

Can I hold both MPITX and DRGVX in my portfolio?

MPITX and DRGVX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPITX or DRGVX?

MPITX has higher volatility (4.96%) compared to DRGVX (4.39%). In terms of maximum drawdown, MPITX dropped -58.61% vs DRGVX's -42.60%.

Which has better risk-adjusted returns?

DRGVX currently has the higher Sharpe Ratio (2.45 vs 1.60), 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.