BNY Mellon High Yield Beta ETF (BKHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BKHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BKHY
BKHY charges 0.22% annually. There are 12 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.75B | Jul 2023 | BKHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | BKHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | BKHY vs NHYB | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.46B | Dec 2016 | BKHY vs HYLB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | BKHY vs BBHY |
Best Risk-Adjusted Alternatives to BKHY
BKHY has a PortfoliosLab risk / return rank of 62. There are 43 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | BKHY vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | BKHY vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 93 | 259.69M | Dec 2013 | BKHY vs HYZD | |
| iShares Interest Rate Hedged High Yield Bond ETF | 89 | 596.69M | May 2014 | BKHY vs HYGH | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 88 | 865.81M | Sep 2019 | BKHY vs BSJR |
Top Performing BKHY Alternatives (YTD)
BKHY is at 2.54% YTD. There are 32 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 9.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 9.48% | — | Aug 2025 | BKHY vs DADS | |
| Man Active High Yield ETF | 6.41% | 19.82M | Sep 2025 | BKHY vs MHY | |
| VanEck Emerging Markets High Yield Bond ETF | 4.49% | 521.46M | May 2012 | BKHY vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.22% | 185.42M | May 2013 | BKHY vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 4.16% | 596.69M | May 2014 | BKHY vs HYGH |
Lowest Volatility Alternatives to BKHY
BKHY has 3.72% 1-year volatility. There are 59 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | BKHY vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.29% | 870.26M | Aug 2018 | BKHY vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | BKHY vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.72% | 4.98M | Feb 2026 | BKHY vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | BKHY vs BSJR |
Lowest Drawdown Alternatives to BKHY
BKHY has a 1-year max drawdown of -2.53%. There are 53 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | BKHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | BKHY vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | BKHY vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | BKHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | BKHY vs IBHH |
Other ETFs from BNY Mellon
The 10 most viewed BNY Mellon ETFs shown here include BKLC, BKIE, BKAG and span 12 categories. AUM among these funds goes as high as $5B.
Often Compared With BKHY
Investors most often compare BKHY with BSJS, IHY, EMHY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare BKHY with Any Fund or Stock
Compare BKHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BKHY with funds that move differently
BNY Mellon High Yield Beta ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BKHY.
Explore BKHY Diversifiers