- Issuer
- BNY Mellon
- Inception Date
- Jan 12, 2026
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
BKMI Performance Chart
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Returns By Period
BNY Mellon Municipal Intermediate ETF
- 1D
- -0.04%
- 1M
- -0.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 4.24%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 20.62%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
BKMI Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 2026, BKMI's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, an investment would double in approximately 144.4 years.
Historically, 71% of months were positive and 29% were negative. The best month was Feb 2026 with a return of +1.2%, while the worst month was Mar 2026 at -2.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, BKMI closed higher 56% of trading days. The best single day was May 26, 2026 with a return of +0.4%, while the worst single day was Mar 20, 2026 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 1.19% | -2.63% | 1.00% | 0.26% | 0.69% | -0.51% | 0.26% |
Benchmark Metrics
BNY Mellon Municipal Intermediate ETF has an annualized alpha of -0.84%, beta of 0.08, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 12, 2026.
- This ETF participated in 7.12% of S&P 500 Index downside but only 3.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.08 may look defensive, but with R2 of 0.15 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 0.15 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
- -0.84%
- Beta
- 0.08
- R²
- 0.15
- Upside Capture
- 3.39%
- Downside Capture
- 7.12%
Expense Ratio
BKMI has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNY Mellon Municipal Intermediate ETF (BKMI) 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.
| BKMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.28 | — |
| Martin ratioReturn relative to average drawdown | — | 9.88 | — |
Dividends
Dividend History
BNY Mellon Municipal Intermediate ETF provided a 1.27% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM |
|---|---|
| Dividend | $0.33 |
Dividend yield | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Municipal Intermediate 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 | $0.04 | $0.04 | $0.05 | $0.05 | $0.07 | $0.08 | $0.33 |
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 Municipal Intermediate 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 Municipal Intermediate ETF was 2.99%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current BNY Mellon Municipal Intermediate ETF drawdown is 1.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.99%Mar 2026 | 25d | — | 4mo 11dMar 2026 - now |
2026 pullback2026 | -0.24%Jan 2026 | 0s | 1d | 1dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.23%Jan 2026 | 2d | 5d | 7dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.12%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.04%Jan 2026 | 0s | 1d | 1dJan 2026 - Jan 2026 |
Drawdown Indicators
| BKMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -56.78% | +53.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.45% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -10.71% | +9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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