PSNYX vs. DREVX
Compare and contrast key facts about BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and BNY Mellon Large Cap Securities Fund (DREVX).
PSNYX is managed by BNY Mellon. It was launched on Dec 30, 1986. DREVX is managed by BNY Mellon. It was launched on May 24, 1951.
Performance
PSNYX vs. DREVX - Performance Comparison
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PSNYX vs. DREVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | -0.26% | 3.47% | 1.93% | 5.66% | -10.84% | 1.91% | 3.77% | 7.91% | -0.39% | 5.07% |
DREVX BNY Mellon Large Cap Securities Fund | -6.87% | 16.70% | 27.17% | 31.07% | -17.94% | 27.17% | 26.52% | 27.09% | -1.29% | 20.12% |
Returns By Period
In the year-to-date period, PSNYX achieves a -0.26% return, which is significantly higher than DREVX's -6.87% return. Over the past 10 years, PSNYX has underperformed DREVX with an annualized return of 1.50%, while DREVX has yielded a comparatively higher 14.53% annualized return.
PSNYX
- 1D
- 0.30%
- 1M
- -1.97%
- YTD
- -0.26%
- 6M
- 0.93%
- 1Y
- 2.98%
- 3Y*
- 2.72%
- 5Y*
- 0.23%
- 10Y*
- 1.50%
DREVX
- 1D
- 0.78%
- 1M
- -5.22%
- YTD
- -6.87%
- 6M
- -4.45%
- 1Y
- 15.63%
- 3Y*
- 18.70%
- 5Y*
- 12.67%
- 10Y*
- 14.53%
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PSNYX vs. DREVX - Expense Ratio Comparison
PSNYX has a 0.79% expense ratio, which is higher than DREVX's 0.70% expense ratio.
Return for Risk
PSNYX vs. DREVX — Risk / Return Rank
PSNYX
DREVX
PSNYX vs. DREVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and BNY Mellon Large Cap Securities Fund (DREVX). 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.
| PSNYX | DREVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.84 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.32 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.42 | -0.58 |
Martin ratioReturn relative to average drawdown | 2.38 | 5.51 | -3.13 |
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
| PSNYX | DREVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.84 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.68 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.77 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.36 | +0.55 |
Correlation
The correlation between PSNYX and DREVX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSNYX vs. DREVX - Dividend Comparison
PSNYX's dividend yield for the trailing twelve months is around 2.92%, less than DREVX's 10.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | 2.92% | 3.80% | 2.72% | 2.12% | 2.16% | 2.09% | 3.15% | 3.13% | 2.68% | 2.63% | 2.85% | 3.00% |
DREVX BNY Mellon Large Cap Securities Fund | 10.34% | 12.89% | 8.77% | 5.12% | 4.82% | 11.43% | 6.28% | 6.74% | 9.01% | 9.11% | 8.71% | 11.24% |
Drawdowns
PSNYX vs. DREVX - Drawdown Comparison
The maximum PSNYX drawdown since its inception was -27.64%, smaller than the maximum DREVX drawdown of -54.68%. Use the drawdown chart below to compare losses from any high point for PSNYX and DREVX.
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Drawdown Indicators
| PSNYX | DREVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -54.68% | +27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.87% | -11.41% | +6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -24.69% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -15.65% | -32.25% | +16.60% |
Current DrawdownCurrent decline from peak | -2.25% | -8.69% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -13.06% | +9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.12% | -1.41% |
Volatility
PSNYX vs. DREVX - Volatility Comparison
The current volatility for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) is 1.22%, while BNY Mellon Large Cap Securities Fund (DREVX) has a volatility of 5.60%. This indicates that PSNYX experiences smaller price fluctuations and is considered to be less risky than DREVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSNYX | DREVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 5.60% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 10.48% | -8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 19.90% | -14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 18.66% | -14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 18.90% | -14.85% |