- CUSIP
- 09661T859
- Issuer
- BNY Mellon
- Inception Date
- Aug 9, 2021
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $572M
Share Price Chart
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Performance
BKUI Performance Chart
BNY Mellon Ultra Short Income ETF (BKUI) is up 1.5% since the beginning of the year. BKUI is currently trading at $50 per share.
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Returns By Period
BNY Mellon Ultra Short Income ETF (BKUI) has returned 1.49% so far this year and 4.12% over the past 12 months.
BNY Mellon Ultra Short Income ETF
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.49%
- 6M
- 1.60%
- 1Y
- 4.12%
- 3Y*
- 5.11%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BKUI Monthly Returns History
Based on dividend-adjusted daily data since Aug 11, 2021, BKUI's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 83% of months were positive and 17% were negative. The best month was Nov 2023 with a return of +0.8%, while the worst month was Mar 2022 at -0.5%. The longest winning streak lasted 45 consecutive months, and the longest losing streak was 8 months.
On a daily basis, BKUI closed higher 60% of trading days. The best single day was Nov 10, 2022 with a return of +0.2%, while the worst single day was Mar 16, 2023 at -0.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | 0.35% | 0.06% | 0.33% | 0.33% | 0.08% | 1.49% | ||||||
| 2025 | 0.42% | 0.50% | 0.39% | 0.34% | 0.35% | 0.45% | 0.32% | 0.52% | 0.41% | 0.35% | 0.38% | 0.38% | 4.93% |
| 2024 | 0.47% | 0.25% | 0.44% | 0.25% | 0.52% | 0.43% | 0.72% | 0.63% | 0.62% | 0.23% | 0.37% | 0.44% | 5.50% |
| 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% | 0.15% | -0.15% | 0.01% | 0.59% | 0.43% | -0.08% |
| 2021 | 0.06% | -0.04% | -0.18% | -0.05% | -0.05% | -0.26% |
Benchmark Metrics
BNY Mellon Ultra Short Income ETF has an annualized alpha of 3.51%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 11, 2021.
- This ETF captured 7.58% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.29%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.01 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 0.01 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
- 3.51%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 7.58%
- Downside Capture
- -5.29%
Expense Ratio
BKUI has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
BKUI ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) 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.
| BKUI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.88 | ||
| Sortino ratioReturn per unit of downside risk | +19.68 | ||
| Omega ratioGain probability vs. loss probability | 5.43 | 1.37 | +4.06 |
| Calmar ratioReturn relative to maximum drawdown | 31.06 | 2.78 | +28.27 |
| Martin ratioReturn relative to average drawdown | 211.18 | 12.44 | +198.74 |
Dividends
Dividend History
BNY Mellon Ultra Short Income ETF provided a 4.21% dividend yield over the last twelve months, with an annual payout of $2.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.09 | $2.23 | $2.53 | $2.12 | $0.89 | $0.11 |
Dividend yield | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.16 | $0.16 | $0.14 | $0.17 | $0.16 | $0.78 | ||||||
| 2025 | $0.00 | $0.19 | $0.17 | $0.17 | $0.20 | $0.19 | $0.18 | $0.20 | $0.18 | $0.19 | $0.19 | $0.37 | $2.23 |
| 2024 | $0.00 | $0.21 | $0.20 | $0.21 | $0.20 | $0.22 | $0.20 | $0.24 | $0.23 | $0.22 | $0.21 | $0.40 | $2.53 |
| 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. 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 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.
The current BNY Mellon Ultra Short Income ETF drawdown is 0.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -1.72%Jun 2022 | 9mo 16d | 7mo 8d | 1y 4moSep 2021 - Jan 2023 |
2023 pullback2023 | -0.35%Mar 2023 | 7d | 14d | 21dMar 2023 - Apr 2023 |
2025 selloff2025 | -0.25%Apr 2025 | 4d | 10d | 14dApr 2025 - Apr 2025 |
2026 pullback2026 | -0.13%Mar 2026 | 13d | 11d | 24dFeb 2026 - Mar 2026 |
2023 pullback2023 | -0.09%May 2023 | 9d | 5d | 14dMay 2023 - May 2023 |
Drawdown Indicators
| BKUI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -56.78% | +55.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -9.10% | +8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -18.90% | +18.65% |
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 | -0.05% | -1.80% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -10.71% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.03% | -2.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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