BCPL vs. BKHY

Last updated Jun 26, 2026

BCPL (BNY Mellon Core Plus ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BCPL is a Intermediate Core-Plus Bond fund actively managed by BNY Mellon, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. BCPL is actively managed, while BKHY is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. BCPL charges 0.40%/yr vs 0.22%/yr for BKHY.

Performance

BCPL vs. BKHY - Performance Comparison

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

Returns By Period

BCPL

• 1D: 0.12%
• 1M: 0.91%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKHY

• 1D: 0.14%
• 1M: 0.28%
• YTD: 1.96%
• 6M: 1.96%
• 1Y: 6.55%
• 3Y*: 9.00%
• 5Y*: 4.01%
• 10Y*: —

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

BCPL vs. BKHY - Yearly Performance Comparison

	2026 (YTD)
BCPL BNY Mellon Core Plus ETF	1.08%
BKHY BNY Mellon High Yield Beta ETF	1.50%

Correlation

The correlation between BCPL and BKHY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.70

Return for Risk

BCPL vs. BKHY — 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.

BKHY

BKHY Risk / Return Rank: 65
BKHY Sharpe Ratio Rank: 60
BKHY Sortino Ratio Rank: 67
BKHY Omega Ratio Rank: 67
BKHY Calmar Ratio Rank: 60
BKHY Martin Ratio Rank: 72

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. BKHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and BNY Mellon High Yield Beta ETF (BKHY). 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	BKHY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.66	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.60	—
Martin ratio: Return relative to average drawdown	—	11.84	—

Drawdowns

BCPL vs. BKHY - Drawdown Comparison

The maximum BCPL drawdown since its inception was -2.95%, smaller than the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BCPL and BKHY.

Drawdown Indicators

	BCPL	BKHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-15.89%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.89%	—
Current Drawdown Current decline from peak	-0.48%	-0.24%	-0.24%
Average Drawdown Average peak-to-trough decline	-1.03%	-2.95%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	BCPL	BKHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.03%	3.72%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	7.59%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.03%	7.34%	-3.31%

BCPL vs. BKHY - Expense Ratio Comparison

BCPL has a 0.40% expense ratio, which is higher than BKHY's 0.22% expense ratio.

Dividends

BCPL vs. BKHY - Dividend Comparison

BCPL's dividend yield for the trailing twelve months is around 1.56%, less than BKHY's 7.45% 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%
BKHY BNY Mellon High Yield Beta ETF	7.45%	7.33%	7.34%	8.67%	6.59%	6.78%	4.65%

Frequently Asked Questions

Can I hold both BCPL and BKHY in my portfolio?

BCPL and BKHY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCPL or BKHY?

On fees, BKHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCPL or BKHY?

BKHY is cheaper with a 0.22% expense ratio, compared with 0.40% for BCPL.

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

BKHY has the higher dividend yield at 7.45%, compared with 1.56% for BCPL.

What is the main difference between BCPL and BKHY?

BCPL is categorized as Intermediate Core-Plus Bond, while BKHY is High Yield Bonds. Their fees differ too: 0.40% for BCPL and 0.22% for BKHY.