PSNYX vs. DRRIX
Compare and contrast key facts about BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) and BNY Mellon Global Real Return Fund - Class I (DRRIX).
PSNYX is managed by BNY Mellon. It was launched on Dec 30, 1986. DRRIX is managed by BNY Mellon. It was launched on May 12, 2010.
Performance
PSNYX vs. DRRIX - Performance Comparison
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PSNYX vs. DRRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | -0.56% | 3.47% | 1.93% | 5.66% | -10.84% | 1.91% | 3.77% | 7.91% | -0.39% | 5.07% |
DRRIX BNY Mellon Global Real Return Fund - Class I | 1.51% | 12.60% | 6.88% | 2.59% | -8.47% | 6.98% | 9.75% | 12.29% | 1.12% | 4.29% |
Returns By Period
In the year-to-date period, PSNYX achieves a -0.56% return, which is significantly lower than DRRIX's 1.51% return. Over the past 10 years, PSNYX has underperformed DRRIX with an annualized return of 1.47%, while DRRIX has yielded a comparatively higher 4.72% annualized return.
PSNYX
- 1D
- 0.22%
- 1M
- -2.55%
- YTD
- -0.56%
- 6M
- 0.70%
- 1Y
- 3.06%
- 3Y*
- 2.62%
- 5Y*
- 0.17%
- 10Y*
- 1.47%
DRRIX
- 1D
- -0.12%
- 1M
- -4.32%
- YTD
- 1.51%
- 6M
- 4.97%
- 1Y
- 13.26%
- 3Y*
- 8.01%
- 5Y*
- 3.90%
- 10Y*
- 4.72%
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PSNYX vs. DRRIX - Expense Ratio Comparison
PSNYX has a 0.79% expense ratio, which is lower than DRRIX's 0.95% expense ratio.
Return for Risk
PSNYX vs. DRRIX — Risk / Return Rank
PSNYX
DRRIX
PSNYX vs. DRRIX - 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 Global Real Return Fund - Class I (DRRIX). 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 | DRRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.49 | -0.83 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.81 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.55 | -0.72 |
Martin ratioReturn relative to average drawdown | 2.35 | 6.53 | -4.19 |
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 | DRRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.49 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.57 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.71 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.73 | +0.18 |
Correlation
The correlation between PSNYX and DRRIX is 0.07, 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. DRRIX - Dividend Comparison
PSNYX's dividend yield for the trailing twelve months is around 2.93%, less than DRRIX's 3.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | 2.93% | 3.80% | 2.72% | 2.12% | 2.16% | 2.09% | 3.15% | 3.13% | 2.68% | 2.63% | 2.85% | 3.00% |
DRRIX BNY Mellon Global Real Return Fund - Class I | 3.86% | 3.92% | 4.35% | 0.05% | 9.59% | 1.65% | 1.39% | 2.79% | 3.62% | 0.88% | 2.98% | 4.46% |
Drawdowns
PSNYX vs. DRRIX - Drawdown Comparison
The maximum PSNYX drawdown since its inception was -27.64%, which is greater than DRRIX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for PSNYX and DRRIX.
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Drawdown Indicators
| PSNYX | DRRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -15.92% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.87% | -7.87% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -14.29% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -15.65% | -15.92% | +0.27% |
Current DrawdownCurrent decline from peak | -2.55% | -4.64% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -2.91% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.86% | -0.15% |
Volatility
PSNYX vs. DRRIX - Volatility Comparison
The current volatility for BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) is 1.16%, while BNY Mellon Global Real Return Fund - Class I (DRRIX) has a volatility of 3.03%. This indicates that PSNYX experiences smaller price fluctuations and is considered to be less risky than DRRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSNYX | DRRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 3.03% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 6.03% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 8.71% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 6.87% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 6.67% | -2.63% |