MPMCX vs. DAGVX

Last updated Jun 23, 2026

MPMCX (BNY Mellon Mid Cap Multi-Strategy Fund) and DAGVX (BNY Mellon Dynamic Value Fund) are both mutual funds - MPMCX is a Mid Cap Growth Equities fund managed by BNY Mellon, while DAGVX is a Large Cap Value Equities fund managed by BNY Mellon. Their correlation of 0.90 suggests significant overlap in exposure. MPMCX charges 0.90%/yr vs 0.93%/yr for DAGVX.

Performance

MPMCX vs. DAGVX - Performance Comparison

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

Returns By Period

MPMCX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAGVX

• 1D: 0.36%
• 1M: 2.05%
• YTD: 15.01%
• 6M: 14.15%
• 1Y: 29.43%
• 3Y*: 18.92%
• 5Y*: 14.53%
• 10Y*: 13.76%

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

MPMCX vs. DAGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPMCX BNY Mellon Mid Cap Multi-Strategy Fund	5.08%	3.40%	49.81%	18.30%	-18.35%	19.07%	22.87%	30.77%	-9.17%	18.68%
DAGVX BNY Mellon Dynamic Value Fund	15.01%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%

Correlation

The correlation between MPMCX and DAGVX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000	0.90

The correlation between MPMCX and DAGVX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

MPMCX vs. DAGVX — Risk / Return Rank

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

MPMCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DAGVX

DAGVX Risk / Return Rank: 82
DAGVX Sharpe Ratio Rank: 80
DAGVX Sortino Ratio Rank: 77
DAGVX Omega Ratio Rank: 71
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.

MPMCX vs. DAGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Mid Cap Multi-Strategy Fund (MPMCX) 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.

	MPMCX	DAGVX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.42	—
Sortino ratio: Return per unit of downside risk	—	3.36	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	4.46	—
Martin ratio: Return relative to average drawdown	—	16.34	—

Drawdowns

Drawdown Indicators

	MPMCX	DAGVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.04%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.62%	—
Current Drawdown Current decline from peak	—	-0.80%	—
Average Drawdown Average peak-to-trough decline	—	-7.64%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.82%	—

Volatility

Volatility by Period

	MPMCX	DAGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.85%	—

MPMCX vs. DAGVX - Expense Ratio Comparison

MPMCX has a 0.90% expense ratio, which is lower than DAGVX's 0.93% expense ratio.

Dividends

MPMCX vs. DAGVX - Dividend Comparison

MPMCX's dividend yield for the trailing twelve months is around 531.29%, more than DAGVX's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.81%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
MPMCX BNY Mellon Mid Cap Multi-Strategy Fund	531.29%	558.31%	53.86%	15.92%	13.31%	13.10%	7.73%	3.36%	8.53%	4.69%	1.71%	4.78%

Frequently Asked Questions

Can I hold both MPMCX and DAGVX in my portfolio?

MPMCX and DAGVX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.