BNY Mellon Ultra Short Income ETF (BKUI)
The ETF focuses on investing in U.S. dollar denominated fixed, variable, and floating rate debt or cash equivalents with an average credit rating of at least A. It aims to maintain an effective duration of one year or less but may extend it during periods of high interest rate volatility.
ETF Info
| CUSIP | 09661T859 |
|---|---|
| Issuer | BNY Mellon |
| Inception Date | Aug 9, 2021 |
| Category | Ultrashort Bond |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | im.bnymellon.com |
| Asset Class | Bond |
Expense Ratio
BKUI features an expense ratio of 0.12%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon Ultra Short Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNY Mellon Ultra Short Income ETF had a return of 1.75% year-to-date (YTD) and 5.69% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.75% | 10.00% |
| 1 month | 0.54% | 2.41% |
| 6 months | 2.96% | 16.70% |
| 1 year | 5.69% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of BKUI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.47% | 0.25% | 0.44% | 0.25% | 1.75% | ||||||||
| 2023 | 0.61% | 0.18% | 0.22% | 0.58% | 0.38% | 0.37% | 0.57% | 0.45% | 0.27% | 0.39% | 0.81% | 0.78% | 5.75% |
| 2022 | -0.22% | -0.28% | -0.46% | -0.17% | 0.10% | -0.27% | 0.19% | 0.14% | -0.15% | 0.01% | 0.59% | 0.43% | -0.09% |
| 2021 | 0.06% | -0.05% | -0.18% | -0.05% | -0.05% | -0.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BKUI is 100, placing it in the top 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BKUI (BNY Mellon Ultra Short Income ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon Ultra Short Income ETF granted a 4.68% dividend yield in the last twelve months. The annual payout for that period amounted to $2.32 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $2.32 | $2.12 | $0.89 | $0.11 |
Dividend yield | 4.68% | 4.29% | 1.81% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Ultra Short Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.21 | $0.20 | $0.21 | $0.20 | $0.82 | |||||||
| 2023 | $0.00 | $0.15 | $0.15 | $0.17 | $0.15 | $0.20 | $0.19 | $0.19 | $0.20 | $0.19 | $0.21 | $0.33 | $2.12 |
| 2022 | $0.00 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.05 | $0.06 | $0.10 | $0.10 | $0.12 | $0.31 | $0.89 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.06 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Ultra Short Income 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 Ultra Short Income ETF was 1.72%, occurring on Jun 14, 2022. Recovery took 149 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.72% | Sep 1, 2021 | 198 | Jun 14, 2022 | 149 | Jan 18, 2023 | 347 |
| -0.35% | Mar 14, 2023 | 6 | Mar 21, 2023 | 10 | Apr 4, 2023 | 16 |
| -0.09% | May 16, 2023 | 8 | May 25, 2023 | 2 | May 30, 2023 | 10 |
| -0.09% | Apr 10, 2024 | 2 | Apr 11, 2024 | 6 | Apr 19, 2024 | 8 |
| -0.08% | Feb 3, 2023 | 2 | Feb 6, 2023 | 5 | Feb 13, 2023 | 7 |
Volatility
Volatility Chart
The current BNY Mellon Ultra Short Income ETF volatility is 0.14%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.