BCPL vs. BKAG

Last updated Jun 24, 2026

BCPL (BNY Mellon Core Plus ETF) and BKAG (BNY Mellon Core Bond ETF) are both exchange-traded funds - BCPL is a Intermediate Core-Plus Bond fund actively managed by BNY Mellon, while BKAG is a Total Bond Market fund tracking the Bloomberg US Aggregate Total Return Index. BCPL is actively managed, while BKAG is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. BCPL charges 0.40%/yr vs 0.00%/yr for BKAG.

Performance

BCPL vs. BKAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Plus ETF (BCPL) and BNY Mellon Core Bond ETF (BKAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCPL

• 1D: 0.04%
• 1M: 0.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKAG

• 1D: 0.19%
• 1M: 0.74%
• YTD: 0.55%
• 6M: 0.69%
• 1Y: 4.37%
• 3Y*: 3.97%
• 5Y*: 0.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCPL vs. BKAG - Yearly Performance Comparison

	2026 (YTD)
BCPL BNY Mellon Core Plus ETF	0.55%
BKAG BNY Mellon Core Bond ETF	0.18%

Correlation

The correlation between BCPL and BKAG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.90

Return for Risk

BCPL vs. BKAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCPL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BKAG

BKAG Risk / Return Rank: 32
BKAG Sharpe Ratio Rank: 33
BKAG Sortino Ratio Rank: 33
BKAG Omega Ratio Rank: 31
BKAG Calmar Ratio Rank: 33
BKAG Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCPL vs. BKAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and BNY Mellon Core Bond ETF (BKAG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BCPL	BKAG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.15	—
Sortino ratio: Return per unit of downside risk	—	1.69	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.59	—
Martin ratio: Return relative to average drawdown	—	4.43	—

Drawdowns

BCPL vs. BKAG - Drawdown Comparison

The maximum BCPL drawdown since its inception was -2.95%, smaller than the maximum BKAG drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BCPL and BKAG.

Drawdown Indicators

	BCPL	BKAG	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-18.53%	+15.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.00%	—
Current Drawdown Current decline from peak	-1.00%	-2.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-1.04%	-7.08%	+6.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	BCPL	BKAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	3.82%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.02%	6.02%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.02%	5.54%	-1.52%

BCPL vs. BKAG - Expense Ratio Comparison

BCPL has a 0.40% expense ratio, which is higher than BKAG's 0.00% expense ratio.

Dividends

BCPL vs. BKAG - Dividend Comparison

BCPL's dividend yield for the trailing twelve months is around 1.56%, less than BKAG's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BCPL BNY Mellon Core Plus ETF	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BKAG BNY Mellon Core Bond ETF	4.23%	4.17%	4.26%	3.33%	2.49%	1.55%	1.16%

Frequently Asked Questions

Can I hold both BCPL and BKAG in my portfolio?

With a correlation of 0.90, BCPL and BKAG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BCPL or BKAG?

On fees, BKAG is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCPL or BKAG?

BKAG is cheaper with a 0.00% expense ratio, compared with 0.40% for BCPL.

Which ETF pays a higher dividend yield, BCPL or BKAG?

BKAG has the higher dividend yield at 4.23%, compared with 1.56% for BCPL.

What is the main difference between BCPL and BKAG?

BCPL is categorized as Intermediate Core-Plus Bond, while BKAG is Total Bond Market. Their fees differ too: 0.40% for BCPL and 0.00% for BKAG.