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TRSPX vs. DSPIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TRSPX vs. DSPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX).

TRSPX is a passively managed fund by Nuveen that tracks the performance of the S&P 500. It was launched on Oct 1, 2002. DSPIX is a passively managed fund by BNY Mellon that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 1993. Both TRSPX and DSPIX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TRSPX vs. DSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX). The values are adjusted to include any dividend payments, if applicable.

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TRSPX vs. DSPIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TRSPX
Nuveen S&P 500 Index Fund Retirement Class		-7.12%17.50%24.64%25.90%-18.34%28.32%18.08%31.06%-4.72%19.52%
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund		-7.09%17.81%24.40%26.36%-18.51%28.64%14.18%31.31%-4.36%21.59%

Returns By Period

The year-to-date returns for both investments are quite close, with TRSPX having a -7.12% return and DSPIX slightly higher at -7.09%. Both investments have delivered pretty close results over the past 10 years, with TRSPX having a 13.23% annualized return and DSPIX not far behind at 13.17%.

TRSPX

1D
-0.40%
1M
-7.70%
YTD
-7.12%
6M
-4.76%
1Y
14.09%
3Y*
16.83%
5Y*
11.09%
10Y*
13.23%

DSPIX

1D
-0.38%
1M
-7.69%
YTD
-7.09%
6M
-4.53%
1Y
14.39%
3Y*
17.00%
5Y*
11.19%
10Y*
13.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Nuveen S&P 500 Index Fund Retirement Class

BNY Mellon Institutional S&P 500 Stock Index Fund

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Often compared with DSPIX:
DSPIX vs. VOODSPIX vs. PEOPXDSPIX vs. SPYDSPIX vs. VTIDSPIX vs. PRNHXDSPIX vs. BTC-USDDSPIX vs. PRGFX

TRSPX vs. DSPIX - Expense Ratio Comparison

TRSPX has a 0.30% expense ratio, which is higher than DSPIX's 0.20% expense ratio.

TRSPX
Nuveen S&P 500 Index Fund Retirement Class
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund

Return for Risk

TRSPX vs. DSPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRSPX
TRSPX Risk / Return Rank: 4040
Overall Rank
TRSPX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
TRSPX Sortino Ratio Rank: 3939
Sortino Ratio Rank
TRSPX Omega Ratio Rank: 4343
Omega Ratio Rank
TRSPX Calmar Ratio Rank: 3535
Calmar Ratio Rank
TRSPX Martin Ratio Rank: 4646
Martin Ratio Rank
DSPIX
DSPIX Risk / Return Rank: 4545
Overall Rank
DSPIX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
DSPIX Sortino Ratio Rank: 4444
Sortino Ratio Rank
DSPIX Omega Ratio Rank: 4848
Omega Ratio Rank
DSPIX Calmar Ratio Rank: 4141
Calmar Ratio Rank
DSPIX Martin Ratio Rank: 5252
Martin Ratio Rank
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.

TRSPX vs. DSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX). 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.

TRSPXDSPIXDifference

Sharpe ratio

Return per unit of total volatility

0.82

0.83

-0.01

Sortino ratio

Return per unit of downside risk

1.27

1.29

-0.02

Omega ratio

Gain probability vs. loss probability

1.19

1.20

0.00

Calmar ratio

Return relative to maximum drawdown

0.97

1.05

-0.08

Martin ratio

Return relative to average drawdown

4.70

5.11

-0.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRSPX vs. DSPIX - Sharpe Ratio Comparison

The current TRSPX Sharpe Ratio is 0.82, which is comparable to the DSPIX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of TRSPX and DSPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TRSPXDSPIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

0.83

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.67

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.73

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.55

-0.01

Correlation

The correlation between TRSPX and DSPIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TRSPX vs. DSPIX - Dividend Comparison

TRSPX's dividend yield for the trailing twelve months is around 2.31%, less than DSPIX's 36.45% yield.

TTM20252024202320222021202020192018201720162015
TRSPX
Nuveen S&P 500 Index Fund Retirement Class		2.31%2.15%1.30%1.26%1.66%1.55%1.33%1.95%2.67%0.36%2.18%0.65%
DSPIX
BNY Mellon Institutional S&P 500 Stock Index Fund		36.45%33.86%27.60%27.46%18.33%12.91%1.15%5.01%6.33%2.53%2.91%2.63%

Drawdowns

TRSPX vs. DSPIX - Drawdown Comparison

The maximum TRSPX drawdown since its inception was -55.34%, roughly equal to the maximum DSPIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for TRSPX and DSPIX.

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Drawdown Indicators

TRSPXDSPIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.34%

-55.32%

-0.02%

Max Drawdown (1Y)

Largest decline over 1 year

-12.12%

-12.15%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-24.63%

-24.62%

-0.01%

Max Drawdown (10Y)

Largest decline over 10 years

-33.77%

-33.79%

+0.02%

Current Drawdown

Current decline from peak

-8.94%

-8.92%

-0.02%

Average Drawdown

Average peak-to-trough decline

-6.95%

-9.32%

+2.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.50%

+0.07%

Volatility

TRSPX vs. DSPIX - Volatility Comparison

Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) have volatilities of 4.25% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TRSPXDSPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

4.24%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

9.11%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

18.13%

18.18%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.85%

16.89%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

17.99%

+0.03%