PTEBX vs. DISSX

Last updated Jun 3, 2026

PTEBX (BNY Mellon Opportunistic Municipal Securities Fund) and DISSX (BNY Mellon Smallcap Stock Index Fund) are both mutual funds - PTEBX is a Municipal Bonds fund managed by BNY Mellon, while DISSX is a Small Cap Blend Equities fund managed by BNY Mellon. Over the past 10 years, PTEBX returned 2.06%/yr vs 9.97%/yr for DISSX. At a correlation of -0.09, they often move in opposite directions. PTEBX charges 0.72%/yr vs 0.50%/yr for DISSX.

Performance

PTEBX vs. DISSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) and BNY Mellon Smallcap Stock Index Fund (DISSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTEBX achieves a 1.81% return, which is significantly lower than DISSX's 15.12% return. Over the past 10 years, PTEBX has underperformed DISSX with an annualized return of 2.06%, while DISSX has yielded a comparatively higher 9.97% annualized return.

PTEBX

• 1D: 0.00%
• 1M: 0.55%
• YTD: 1.81%
• 6M: 2.12%
• 1Y: 7.39%
• 3Y*: 3.96%
• 5Y*: 0.74%
• 10Y*: 2.06%

DISSX

• 1D: -0.16%
• 1M: 0.63%
• YTD: 15.12%
• 6M: 15.47%
• 1Y: 33.01%
• 3Y*: 13.01%
• 5Y*: 4.57%
• 10Y*: 9.97%

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

PTEBX vs. DISSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTEBX BNY Mellon Opportunistic Municipal Securities Fund	1.81%	4.03%	2.31%	6.13%	-10.18%	1.53%	5.02%	8.51%	0.51%	5.75%
DISSX BNY Mellon Smallcap Stock Index Fund	15.12%	5.41%	6.87%	14.24%	-16.71%	26.41%	10.92%	22.28%	-8.30%	12.40%

Correlation

The correlation between PTEBX and DISSX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 1, 1997	-0.09

The correlation between PTEBX and DISSX shifts across timeframes, from -0.09 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PTEBX vs. DISSX — Risk / Return Rank

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

PTEBX

PTEBX Risk / Return Rank: 68
PTEBX Sharpe Ratio Rank: 74
PTEBX Sortino Ratio Rank: 84
PTEBX Omega Ratio Rank: 87
PTEBX Calmar Ratio Rank: 50
PTEBX Martin Ratio Rank: 47

DISSX

DISSX Risk / Return Rank: 52
DISSX Sharpe Ratio Rank: 40
DISSX Sortino Ratio Rank: 42
DISSX Omega Ratio Rank: 36
DISSX Calmar Ratio Rank: 80
DISSX Martin Ratio Rank: 61

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.

PTEBX vs. DISSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) and BNY Mellon Smallcap Stock Index Fund (DISSX). 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.

	PTEBX	DISSX	Difference
Sharpe ratio Return per unit of total volatility	2.49	1.86	+0.63
Sortino ratio Return per unit of downside risk	3.97	2.70	+1.27
Omega ratio Gain probability vs. loss probability	1.59	1.32	+0.27
Calmar ratio Return relative to maximum drawdown	2.69	3.66	-0.97
Martin ratio Return relative to average drawdown	9.73	12.25	-2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTEBX vs. DISSX - Sharpe Ratio Comparison

The current PTEBX Sharpe Ratio is 2.49, which is higher than the DISSX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of PTEBX and DISSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTEBX	DISSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.86	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.21	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.43	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.40	+0.57

Drawdowns

PTEBX vs. DISSX - Drawdown Comparison

The maximum PTEBX drawdown since its inception was -25.35%, smaller than the maximum DISSX drawdown of -58.30%. Use the drawdown chart below to compare losses from any high point for PTEBX and DISSX.

Drawdown Indicators

	PTEBX	DISSX	Difference
Max Drawdown Largest peak-to-trough decline	-25.35%	-58.30%	+32.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-8.75%	+6.05%
Max Drawdown (3Y) Largest decline over 3 years	-6.36%	-29.02%	+22.66%
Max Drawdown (5Y) Largest decline over 5 years	-15.08%	-29.02%	+13.94%
Max Drawdown (10Y) Largest decline over 10 years	-15.08%	-44.45%	+29.37%
Current Drawdown Current decline from peak	-0.26%	-0.93%	+0.67%
Average Drawdown Average peak-to-trough decline	-2.91%	-9.57%	+6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	2.62%	-1.87%

Volatility

PTEBX vs. DISSX - Volatility Comparison

The current volatility for BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) is 1.05%, while BNY Mellon Smallcap Stock Index Fund (DISSX) has a volatility of 4.41%. This indicates that PTEBX experiences smaller price fluctuations and is considered to be less risky than DISSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTEBX	DISSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	4.41%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	2.06%	11.71%	-9.65%
Volatility (1Y) Calculated over the trailing 1-year period	2.87%	17.60%	-14.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.07%	21.49%	-17.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.06%	23.17%	-19.11%

PTEBX vs. DISSX - Expense Ratio Comparison

PTEBX has a 0.72% expense ratio, which is higher than DISSX's 0.50% expense ratio.

Dividends

PTEBX vs. DISSX - Dividend Comparison

PTEBX's dividend yield for the trailing twelve months is around 3.46%, less than DISSX's 13.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DISSX BNY Mellon Smallcap Stock Index Fund	13.40%	15.42%	14.79%	8.20%	13.87%	10.72%	7.61%	8.35%	13.18%	7.40%	6.49%	11.30%
PTEBX BNY Mellon Opportunistic Municipal Securities Fund	3.46%	4.47%	3.20%	2.31%	2.34%	2.27%	2.75%	3.25%	2.94%	2.98%	3.13%	3.28%

Frequently Asked Questions

Can I hold both PTEBX and DISSX in my portfolio?

PTEBX and DISSX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTEBX or DISSX?

DISSX has higher volatility (4.41%) compared to PTEBX (1.05%). In terms of maximum drawdown, PTEBX dropped -25.35% vs DISSX's -58.30%.

Which has better risk-adjusted returns?

PTEBX currently has the higher Sharpe Ratio (2.49 vs 1.86), 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.