- CUSIP
- 09661T602
- Issuer
- BNY Mellon
- Inception Date
- Apr 22, 2020
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Aggregate Total Return Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 205K
- Avg. Volume Value (1M)
- $8.50M
Share Price Chart
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Performance
BKAG Performance Chart
BNY Mellon Core Bond ETF (BKAG) is down 0.3% since the beginning of the year. BKAG is currently trading at $41 per share. Investors who bought $1,000 worth of BKAG shares 5 years ago would now be looking at an investment worth $977.
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Compare this symbol against anything
Returns By Period
BNY Mellon Core Bond ETF (BKAG) has returned -0.33% so far this year and 2.06% over the past 12 months.
BNY Mellon Core Bond ETF
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- -0.45%
- YTD
- -0.33%
- 1Y
- 2.06%
- 3Y*
- 3.98%
- 5Y*
- -0.46%
- 10Y*
- —
- ALL TIME*
- -0.05%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
BKAG Monthly Returns History
Based on dividend-adjusted daily data since Apr 24, 2020, BKAG's average daily return is 0.00%, while the average monthly return is +0.01%. At this rate, an investment would double in approximately 577.7 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BKAG closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Jun 13, 2022 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | 1.61% | -1.66% | -0.04% | 0.35% | 0.17% | -1.21% | 0.18% | -0.33% | ||||
| 2025 | 0.58% | 2.31% | -0.01% | 0.45% | -0.76% | 1.51% | -0.26% | 1.19% | 1.12% | 0.60% | 0.58% | -0.28% | 7.23% |
| 2024 | -0.24% | -1.47% | 0.92% | -2.50% | 1.66% | 0.88% | 2.24% | 1.77% | 1.18% | -2.47% | 1.07% | -1.74% | 1.17% |
| 2023 | 3.27% | -2.63% | 2.72% | 0.49% | -1.15% | -0.24% | -0.16% | -0.57% | -2.50% | -1.63% | 4.54% | 3.75% | 5.67% |
| 2022 | -2.10% | -1.03% | -2.97% | -3.76% | 0.45% | -1.39% | 2.30% | -3.09% | -3.96% | -1.41% | 3.85% | -0.73% | -13.29% |
| 2021 | -0.72% | -1.52% | -1.01% | 0.79% | 0.14% | 0.87% | 1.05% | -0.16% | -0.93% | 0.08% | 0.21% | -0.23% | -1.46% |
Benchmark Metrics
BNY Mellon Core Bond ETF has an annualized alpha of -0.86%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 24, 2020.
- This ETF participated in 37.40% of S&P 500 Index downside but only 12.84% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.86%
- Beta
- 0.06
- R²
- 0.03
- Upside Capture
- 12.84%
- Downside Capture
- 37.40%
Expense Ratio
BKAG has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
BKAG ranks 23 for risk / return — above 23% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and compare them to S&P 500 Index.
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.
| BKAG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.41 | -1.66 |
| Martin ratioReturn relative to average drawdown | 1.83 | 10.22 | -8.39 |
Dividends
Dividend History
BNY Mellon Core Bond ETF provided a 4.31% dividend yield over the last twelve months, with an annual payout of $1.78 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.78 | $1.77 | $1.76 | $1.42 | $1.04 | $0.76 | $0.59 |
Dividend yield | 4.31% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Core Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.14 | $0.17 | $0.15 | $0.14 | $0.16 | $0.15 | $1.03 | ||||
| 2025 | $0.00 | $0.14 | $0.14 | $0.14 | $0.16 | $0.15 | $0.14 | $0.16 | $0.14 | $0.16 | $0.15 | $0.30 | $1.77 |
| 2024 | $0.00 | $0.15 | $0.14 | $0.15 | $0.14 | $0.15 | $0.14 | $0.15 | $0.15 | $0.14 | $0.15 | $0.30 | $1.76 |
| 2023 | $0.00 | $0.11 | $0.11 | $0.12 | $0.11 | $0.13 | $0.12 | $0.12 | $0.13 | $0.12 | $0.14 | $0.22 | $1.42 |
| 2022 | $0.00 | $0.07 | $0.06 | $0.07 | $0.07 | $0.09 | $0.08 | $0.08 | $0.09 | $0.10 | $0.10 | $0.21 | $1.04 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.08 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.14 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Core Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon Core Bond ETF was 18.53%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current BNY Mellon Core Bond ETF drawdown is 2.92%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.53%Oct 2022 | 2y 2mo | — | 6yAug 2020 - now | Bear market2022 |
-0.67%May 2020 | 10d | 9d | 19dMay 2020 - May 2020 | — |
-0.41%Jun 2020 | 2d | 5d | 7dJun 2020 - Jun 2020 | — |
-0.20%Jun 2020 | 2d | 2d | 4dJun 2020 - Jun 2020 | — |
-0.17%Jul 2020 | 3d | 3d | 6dJul 2020 - Jul 2020 | — |
Drawdown Indicators
| BKAG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -56.78% | +38.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -9.10% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.99% | -18.90% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -25.43% | +7.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.92% | -0.12% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -10.70% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.14% | -1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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