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BNY Mellon Core Bond ETF (BKAG) Sharpe Ratio: 1.38

ETF · Currency in USD · Last updated Jun 3, 2026

BKAG is a zero-fee ETF that seeks to track the Bloomberg US Aggregate Total Return Index, providing broad exposure to U.S. investment-grade bonds including Treasuries, corporate securities, and mortgage-backed securities.

BKAG's Sharpe Ratio of 1.38 indicates that for each unit of volatility, it generates 1.38 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

BKAG Sharpe Ratio Rank

BKAG Sharpe Ratio Rank: 38.438
Below Average

BKAG ranks above 38.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

BKAG Sharpe Ratio Market Positioning

The chart shows BKAG's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.78+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares BNY Mellon Core Bond ETF's Sharpe Ratio with other ETFs in the Total Bond Market category across multiple time periods, showing how BKAG's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SCHZSchwab U.S. Aggregate Bond ETF1.43
SPABSPDR Portfolio Aggregate Bond ETF1.41
AGGiShares Core U.S. Aggregate Bond ETF1.38
BKAGBNY Mellon Core Bond ETF1.38
BNDVanguard Total Bond Market ETF1.38
CPAGF/m Compoundr U.S. Aggregate Bond ETF—
BTOTiShares Total USD Fixed Income Market ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BKAG's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BKAG consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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