BILT vs. BKGI

Last updated Aug 1, 2026

BILT (iShares Infrastructure Active ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Infrastructure Equities funds. Both are actively managed. Over the past year, BILT returned 17.98% vs 20.08% for BKGI. Their 0.73 correlation means they have sometimes moved together and sometimes differently. BILT charges 0.60%/yr vs 0.65%/yr for BKGI.

Performance

BILT vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BILT having a 14.30% return and BKGI slightly lower at 14.23%.

BILT

• 1D: 0.11%
• 1M: -1.05%
• 6M: 8.99%
• YTD: 14.30%
• 1Y: 17.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.07%

BKGI

• 1D: -0.29%
• 1M: 1.55%
• 6M: 8.99%
• YTD: 14.23%
• 1Y: 20.08%
• 3Y*: 21.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BILT iShares Infrastructure Active ETF	$2.38M	$1.70M	$1.65M
BKGI Bny Mellon Global Infrastructure Income ETF	$18.95M	$14.99M	$11.61M

BILT vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	14.30%	4.16%
BKGI Bny Mellon Global Infrastructure Income ETF	14.23%	5.72%

Correlation

The correlation between BILT and BKGI is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.73

The correlation between BILT and BKGI has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.

Return for Risk

BILT vs. BKGI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BILT

BILT Risk / Return Rank: 81
BILT Sharpe Ratio Rank: 80
BILT Sortino Ratio Rank: 79
BILT Omega Ratio Rank: 78
BILT Calmar Ratio Rank: 88
BILT Martin Ratio Rank: 81

BKGI

BKGI Risk / Return Rank: 80
BKGI Sharpe Ratio Rank: 79
BKGI Sortino Ratio Rank: 78
BKGI Omega Ratio Rank: 78
BKGI Calmar Ratio Rank: 86
BKGI Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BILT vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	BILT	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.80	+0.04
Sortino ratio: Return per unit of downside risk	2.56	2.51	+0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	3.52	3.38	+0.14
Martin ratio: Return relative to average drawdown	10.60	10.08	+0.51

BILT vs. BKGI - Sharpe Ratio Comparison

The current BILT Sharpe Ratio is 1.84, which is comparable to the BKGI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of BILT and BKGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BILT vs. BKGI - Drawdown Comparison

The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum BKGI drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for BILT and BKGI.

Drawdown Indicators

	BILT	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-14.79%	+9.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	-6.16%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.37%	—
Current Drawdown Current decline from peak	-2.25%	-1.78%	-0.47%
Average Drawdown Average peak-to-trough decline	-1.36%	-2.54%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.06%	-0.28%

Volatility

BILT vs. BKGI - Volatility Comparison

iShares Infrastructure Active ETF (BILT) and Bny Mellon Global Infrastructure Income ETF (BKGI) have volatilities of 3.10% and 3.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILT	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.04%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	9.55%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	11.58%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	13.95%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	13.95%	-3.64%

BILT vs. BKGI - Expense Ratio Comparison

BILT has a 0.60% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

BILT vs. BKGI - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 5.70%, more than BKGI's 2.89% yield.

Position	TTM	2025	2024	2023	2022
BILT iShares Infrastructure Active ETF	5.70%	0.99%	0.00%	0.00%	0.00%
BKGI Bny Mellon Global Infrastructure Income ETF	2.89%	2.65%	4.55%	4.55%	0.53%

Frequently Asked Questions

Can I hold both BILT and BKGI in my portfolio?

BILT and BKGI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILT or BKGI?

BILT has higher volatility (3.10%) compared to BKGI (3.04%). In terms of maximum drawdown, BILT dropped -5.38% vs BKGI's -14.79%.

Which ETF is better, BILT or BKGI?

On 1-year performance, BKGI leads with 20.08% vs 17.98% for BILT. On fees, BILT is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BILT or BKGI?

Over the 1-year period, BKGI has performed better with a 20.08% return vs 17.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BILT or BKGI?

BILT is cheaper with a 0.60% expense ratio, compared with 0.65% for BKGI.

Which ETF pays a higher dividend yield, BILT or BKGI?

BILT has the higher dividend yield at 5.70%, compared with 2.89% for BKGI.

What is the main difference between BILT and BKGI?

They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.60% for BILT and 0.65% for BKGI.

Which has better risk-adjusted returns?

BILT currently has the higher Sharpe Ratio (1.84 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.