SAVYX vs. DCPYX
SAVYX (Virtus Newfleet Core Plus Bond Fund) and DCPYX (BNY Mellon Core Plus Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, SAVYX returned 2.58%/yr vs 1.80%/yr for DCPYX. Their correlation of 0.88 suggests significant overlap in exposure. SAVYX charges 0.55%/yr vs 0.40%/yr for DCPYX.
Performance
SAVYX vs. DCPYX - Performance Comparison
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Returns By Period
In the year-to-date period, SAVYX achieves a 0.62% return, which is significantly higher than DCPYX's 0.56% return. Over the past 10 years, SAVYX has outperformed DCPYX with an annualized return of 2.58%, while DCPYX has yielded a comparatively lower 1.80% annualized return.
SAVYX
- 1D
- 0.10%
- 1M
- 0.80%
- YTD
- 0.62%
- 6M
- 0.86%
- 1Y
- 4.82%
- 3Y*
- 4.64%
- 5Y*
- 0.87%
- 10Y*
- 2.58%
DCPYX
- 1D
- 0.11%
- 1M
- 0.83%
- YTD
- 0.56%
- 6M
- 0.78%
- 1Y
- 4.28%
- 3Y*
- 4.18%
- 5Y*
- 0.05%
- 10Y*
- 1.80%
SAVYX vs. DCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 0.62% | 7.28% | 2.55% | 6.65% | -11.94% | -0.60% | 7.58% | 10.86% | -1.48% | 5.76% |
DCPYX BNY Mellon Core Plus Fund | 0.56% | 7.04% | 1.39% | 6.14% | -13.87% | -1.00% | 9.80% | 11.19% | -0.80% | 2.13% |
Correlation
The correlation between SAVYX and DCPYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.88 |
The correlation between SAVYX and DCPYX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
SAVYX vs. DCPYX — Risk / Return Rank
SAVYX
DCPYX
SAVYX vs. DCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Core Plus Bond Fund (SAVYX) and BNY Mellon Core Plus Fund (DCPYX). 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.
| SAVYX | DCPYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.46 | +0.40 |
| Martin ratioReturn relative to average drawdown | 5.72 | 4.32 | +1.40 |
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Drawdowns
SAVYX vs. DCPYX - Drawdown Comparison
The maximum SAVYX drawdown since its inception was -16.46%, smaller than the maximum DCPYX drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for SAVYX and DCPYX.
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Drawdown Indicators
| SAVYX | DCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -19.42% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -3.19% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -6.47% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -19.42% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -19.42% | +2.96% |
Current DrawdownCurrent decline from peak | -1.12% | -1.53% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -4.95% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.07% | -0.17% |
Volatility
SAVYX vs. DCPYX - Volatility Comparison
The current volatility for Virtus Newfleet Core Plus Bond Fund (SAVYX) is 1.07%, while BNY Mellon Core Plus Fund (DCPYX) has a volatility of 1.26%. This indicates that SAVYX experiences smaller price fluctuations and is considered to be less risky than DCPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAVYX | DCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.26% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.89% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 3.93% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.83% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 4.89% | -0.58% |
SAVYX vs. DCPYX - Expense Ratio Comparison
SAVYX has a 0.55% expense ratio, which is higher than DCPYX's 0.40% expense ratio.
Dividends
SAVYX vs. DCPYX - Dividend Comparison
SAVYX's dividend yield for the trailing twelve months is around 4.94%, more than DCPYX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCPYX BNY Mellon Core Plus Fund | 4.44% | 4.59% | 3.58% | 2.94% | 2.74% | 3.04% | 2.71% | 3.11% | 3.25% | 0.22% | 0.00% | 0.00% |
SAVYX Virtus Newfleet Core Plus Bond Fund | 4.94% | 5.03% | 4.42% | 4.00% | 3.10% | 3.11% | 2.62% | 3.23% | 3.67% | 3.47% | 3.19% | 3.50% |
Frequently Asked Questions
With a correlation of 0.95, SAVYX and DCPYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DCPYX has higher volatility (1.26%) compared to SAVYX (1.07%). In terms of maximum drawdown, SAVYX dropped -16.46% vs DCPYX's -19.42%.
SAVYX currently has the higher Sharpe Ratio (1.44 vs 1.18), 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.
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