RSNRX vs. DNLAX

Last updated Jun 24, 2026

RSNRX (Victory Global Energy Transition Fund) and DNLAX (BNY Mellon Natural Resources Fund Class A) are both Energy Equities funds. Over the past 10 years, RSNRX returned 13.25%/yr vs 13.19%/yr for DNLAX. Their correlation of 0.86 suggests significant overlap in exposure. RSNRX charges 1.48%/yr vs 1.14%/yr for DNLAX.

Performance

RSNRX vs. DNLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Global Energy Transition Fund (RSNRX) and BNY Mellon Natural Resources Fund Class A (DNLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSNRX achieves a 34.09% return, which is significantly higher than DNLAX's 18.41% return. Both investments have delivered pretty close results over the past 10 years, with RSNRX having a 13.25% annualized return and DNLAX not far behind at 13.19%.

RSNRX

• 1D: 0.33%
• 1M: -0.84%
• YTD: 34.09%
• 6M: 32.01%
• 1Y: 93.26%
• 3Y*: 33.50%
• 5Y*: 29.54%
• 10Y*: 13.25%

DNLAX

• 1D: 0.45%
• 1M: -4.71%
• YTD: 18.41%
• 6M: 17.56%
• 1Y: 37.54%
• 3Y*: 14.02%
• 5Y*: 15.52%
• 10Y*: 13.19%

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

RSNRX vs. DNLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSNRX Victory Global Energy Transition Fund	34.09%	69.60%	15.94%	-8.64%	35.02%	83.01%	27.35%	-24.49%	-45.81%	1.02%
DNLAX BNY Mellon Natural Resources Fund Class A	18.41%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%

Correlation

The correlation between RSNRX and DNLAX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003	0.86

Over the past year, the correlation between RSNRX and DNLAX has dropped to 0.60 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

RSNRX vs. DNLAX — Risk / Return Rank

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

RSNRX

RSNRX Risk / Return Rank: 96
RSNRX Sharpe Ratio Rank: 99
RSNRX Sortino Ratio Rank: 95
RSNRX Omega Ratio Rank: 92
RSNRX Calmar Ratio Rank: 98
RSNRX Martin Ratio Rank: 97

DNLAX

DNLAX Risk / Return Rank: 61
DNLAX Sharpe Ratio Rank: 49
DNLAX Sortino Ratio Rank: 43
DNLAX Omega Ratio Rank: 42
DNLAX Calmar Ratio Rank: 92
DNLAX Martin Ratio Rank: 78

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.

RSNRX vs. DNLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Global Energy Transition Fund (RSNRX) and BNY Mellon Natural Resources Fund Class A (DNLAX). 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.

	RSNRX	DNLAX	Difference
Sharpe ratio: Return per unit of total volatility	4.09	1.90	+2.19
Sortino ratio: Return per unit of downside risk	4.66	2.53	+2.12
Omega ratio: Gain probability vs. loss probability	1.65	1.32	+0.33
Calmar ratio: Return relative to maximum drawdown	8.12	4.71	+3.41
Martin ratio: Return relative to average drawdown	26.28	13.73	+12.55

RSNRX vs. DNLAX - Sharpe Ratio Comparison

The current RSNRX Sharpe Ratio is 4.09, which is higher than the DNLAX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of RSNRX and DNLAX, 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

RSNRX vs. DNLAX - Drawdown Comparison

The maximum RSNRX drawdown since its inception was -89.73%, which is greater than DNLAX's maximum drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for RSNRX and DNLAX.

Drawdown Indicators

	RSNRX	DNLAX	Difference
Max Drawdown Largest peak-to-trough decline	-89.73%	-69.14%	-20.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-7.67%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-25.44%	-32.37%	+6.93%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-32.37%	+6.93%
Max Drawdown (10Y) Largest decline over 10 years	-84.27%	-54.45%	-29.82%
Current Drawdown Current decline from peak	-3.36%	-7.25%	+3.89%
Average Drawdown Average peak-to-trough decline	-25.89%	-21.51%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.63%	+0.96%

Volatility

RSNRX vs. DNLAX - Volatility Comparison

Victory Global Energy Transition Fund (RSNRX) has a higher volatility of 7.05% compared to BNY Mellon Natural Resources Fund Class A (DNLAX) at 6.55%. This indicates that RSNRX's price experiences larger fluctuations and is considered to be riskier than DNLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSNRX	DNLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.05%	6.55%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	14.35%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.18%	19.05%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.89%	25.65%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.47%	25.54%	+5.93%

RSNRX vs. DNLAX - Expense Ratio Comparison

RSNRX has a 1.48% expense ratio, which is higher than DNLAX's 1.14% expense ratio.

Dividends

RSNRX vs. DNLAX - Dividend Comparison

RSNRX's dividend yield for the trailing twelve months is around 3.27%, more than DNLAX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLAX BNY Mellon Natural Resources Fund Class A	1.85%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%
RSNRX Victory Global Energy Transition Fund	3.27%	4.38%	1.65%	2.36%	0.78%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSNRX and DNLAX in my portfolio?

RSNRX and DNLAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSNRX or DNLAX?

RSNRX has higher volatility (7.05%) compared to DNLAX (6.55%). In terms of maximum drawdown, RSNRX dropped -89.73% vs DNLAX's -69.14%.

Which has better risk-adjusted returns?

RSNRX currently has the higher Sharpe Ratio (4.09 vs 1.90), 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.