USISX vs. DQIRX

Last updated Jun 24, 2026

USISX (USAA Income Stock Fund) and DQIRX (BNY Mellon Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, USISX returned 11.41%/yr vs 14.55%/yr for DQIRX. Their correlation of 0.92 suggests significant overlap in exposure. USISX charges 0.70%/yr vs 0.78%/yr for DQIRX.

Performance

USISX vs. DQIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Income Stock Fund (USISX) and BNY Mellon Equity Income Fund (DQIRX). 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 USISX having a 13.78% return and DQIRX slightly lower at 13.11%. Over the past 10 years, USISX has underperformed DQIRX with an annualized return of 11.41%, while DQIRX has yielded a comparatively higher 14.55% annualized return.

USISX

• 1D: 0.73%
• 1M: 2.96%
• YTD: 13.78%
• 6M: 12.73%
• 1Y: 25.82%
• 3Y*: 17.86%
• 5Y*: 11.73%
• 10Y*: 11.41%

DQIRX

• 1D: -0.25%
• 1M: -1.20%
• YTD: 13.11%
• 6M: 12.16%
• 1Y: 30.44%
• 3Y*: 23.80%
• 5Y*: 15.62%
• 10Y*: 14.55%

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

USISX vs. DQIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USISX USAA Income Stock Fund	13.78%	13.44%	13.52%	12.10%	-4.42%	26.52%	0.32%	23.67%	-5.51%	16.66%
DQIRX BNY Mellon Equity Income Fund	13.11%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%

Correlation

The correlation between USISX and DQIRX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 5, 2006	0.92

Over the past year, the correlation between USISX and DQIRX has dropped to 0.65 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

USISX vs. DQIRX — Risk / Return Rank

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

USISX

USISX Risk / Return Rank: 87
USISX Sharpe Ratio Rank: 86
USISX Sortino Ratio Rank: 84
USISX Omega Ratio Rank: 77
USISX Calmar Ratio Rank: 93
USISX Martin Ratio Rank: 93

DQIRX

DQIRX Risk / Return Rank: 89
DQIRX Sharpe Ratio Rank: 90
DQIRX Sortino Ratio Rank: 84
DQIRX Omega Ratio Rank: 83
DQIRX Calmar Ratio Rank: 92
DQIRX Martin Ratio Rank: 94

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.

USISX vs. DQIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Income Stock Fund (USISX) and BNY Mellon Equity Income Fund (DQIRX). 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.

	USISX	DQIRX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.76	-0.18
Sortino ratio: Return per unit of downside risk	3.70	3.65	+0.05
Omega ratio: Gain probability vs. loss probability	1.46	1.51	-0.05
Calmar ratio: Return relative to maximum drawdown	4.89	4.65	+0.23
Martin ratio: Return relative to average drawdown	18.14	19.15	-1.00

USISX vs. DQIRX - Sharpe Ratio Comparison

The current USISX Sharpe Ratio is 2.58, which is comparable to the DQIRX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of USISX and DQIRX, 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

USISX vs. DQIRX - Drawdown Comparison

The maximum USISX drawdown since its inception was -58.46%, which is greater than DQIRX's maximum drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for USISX and DQIRX.

Drawdown Indicators

	USISX	DQIRX	Difference
Max Drawdown Largest peak-to-trough decline	-58.46%	-50.77%	-7.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-6.79%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-24.19%	-18.48%	-5.71%
Max Drawdown (5Y) Largest decline over 5 years	-24.19%	-20.34%	-3.85%
Max Drawdown (10Y) Largest decline over 10 years	-36.00%	-36.82%	+0.82%
Current Drawdown Current decline from peak	-0.80%	-2.22%	+1.42%
Average Drawdown Average peak-to-trough decline	-7.80%	-6.92%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.65%	-0.17%

Volatility

USISX vs. DQIRX - Volatility Comparison

The current volatility for USAA Income Stock Fund (USISX) is 3.27%, while BNY Mellon Equity Income Fund (DQIRX) has a volatility of 4.15%. This indicates that USISX experiences smaller price fluctuations and is considered to be less risky than DQIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USISX	DQIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	4.15%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	8.60%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	11.46%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	15.88%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	17.43%	+0.63%

USISX vs. DQIRX - Expense Ratio Comparison

USISX has a 0.70% expense ratio, which is lower than DQIRX's 0.78% expense ratio.

Dividends

USISX vs. DQIRX - Dividend Comparison

USISX's dividend yield for the trailing twelve months is around 8.90%, more than DQIRX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.88%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
USISX USAA Income Stock Fund	8.90%	9.77%	18.68%	5.85%	9.94%	10.24%	2.06%	20.13%	9.01%	7.92%	2.32%	6.04%

Frequently Asked Questions

Can I hold both USISX and DQIRX in my portfolio?

USISX and DQIRX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USISX or DQIRX?

DQIRX has higher volatility (4.15%) compared to USISX (3.27%). In terms of maximum drawdown, USISX dropped -58.46% vs DQIRX's -50.77%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (2.76 vs 2.58), 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.