SAVYX vs. DCPYX

Last updated Jun 4, 2026

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 2.63%/yr vs 1.85%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Core Plus Bond Fund (SAVYX) and BNY Mellon Core Plus Fund (DCPYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SAVYX having a 0.82% return and DCPYX slightly lower at 0.78%. Over the past 10 years, SAVYX has outperformed DCPYX with an annualized return of 2.63%, while DCPYX has yielded a comparatively lower 1.85% annualized return.

SAVYX

• 1D: 0.00%
• 1M: 0.60%
• YTD: 0.82%
• 6M: 0.76%
• 1Y: 6.07%
• 3Y*: 4.75%
• 5Y*: 1.03%
• 10Y*: 2.63%

DCPYX

• 1D: 0.00%
• 1M: 0.61%
• YTD: 0.78%
• 6M: 0.67%
• 1Y: 5.89%
• 3Y*: 4.26%
• 5Y*: 0.24%
• 10Y*: 1.85%

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

SAVYX vs. DCPYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAVYX Virtus Newfleet Core Plus Bond Fund	0.82%	7.28%	2.55%	6.65%	-11.94%	-0.60%	7.58%	10.86%	-1.48%	5.76%
DCPYX BNY Mellon Core Plus Fund	0.78%	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, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	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 7, 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.

Return for Risk

SAVYX vs. DCPYX — Risk / Return Rank

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

SAVYX

SAVYX Risk / Return Rank: 33
SAVYX Sharpe Ratio Rank: 34
SAVYX Sortino Ratio Rank: 37
SAVYX Omega Ratio Rank: 33
SAVYX Calmar Ratio Rank: 34
SAVYX Martin Ratio Rank: 30

DCPYX

DCPYX Risk / Return Rank: 26
DCPYX Sharpe Ratio Rank: 27
DCPYX Sortino Ratio Rank: 29
DCPYX Omega Ratio Rank: 26
DCPYX Calmar Ratio Rank: 25
DCPYX Martin Ratio Rank: 23

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.

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.

	SAVYX	DCPYX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.48	+0.19
Sortino ratio: Return per unit of downside risk	2.54	2.24	+0.30
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.19	1.85	+0.33
Martin ratio: Return relative to average drawdown	7.07	5.75	+1.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAVYX vs. DCPYX - Sharpe Ratio Comparison

The current SAVYX Sharpe Ratio is 1.67, which is comparable to the DCPYX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of SAVYX and DCPYX, 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

	SAVYX	DCPYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.48	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.04	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.38	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.29	+0.98

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.

Drawdown Indicators

	SAVYX	DCPYX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.92%	-1.32%	+0.40%
Average Drawdown Average peak-to-trough decline	-1.75%	-4.96%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.03%	-0.17%

Volatility

SAVYX vs. DCPYX - Volatility Comparison

The current volatility for Virtus Newfleet Core Plus Bond Fund (SAVYX) is 1.23%, while BNY Mellon Core Plus Fund (DCPYX) has a volatility of 1.36%. 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.

Volatility by Period

	SAVYX	DCPYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.36%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	2.80%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.99%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	5.82%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.30%	4.88%	-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 4.93%, more than DCPYX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCPYX BNY Mellon Core Plus Fund	4.43%	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	4.93%	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

Can I hold both SAVYX and DCPYX in my portfolio?

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.

Which is riskier, SAVYX or DCPYX?

DCPYX has higher volatility (1.36%) compared to SAVYX (1.23%). In terms of maximum drawdown, SAVYX dropped -16.46% vs DCPYX's -19.42%.

Which has better risk-adjusted returns?

SAVYX currently has the higher Sharpe Ratio (1.67 vs 1.48), 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.