BKAG vs. BCPL
BKAG (BNY Mellon Core Bond ETF) and BCPL (BNY Mellon Core Plus ETF) are both exchange-traded funds - BKAG is a Total Bond Market fund tracking the Bloomberg US Aggregate Total Return Index, while BCPL is a Intermediate Core-Plus Bond fund actively managed by BNY Mellon. BKAG is passively managed, while BCPL is actively managed. Their correlation of 0.92 means they have usually moved in the same direction. BKAG charges 0.00%/yr vs 0.40%/yr for BCPL.
Performance
BKAG vs. BCPL - Performance Comparison
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Returns By Period
BKAG
- 1D
- 0.39%
- 1M
- -0.61%
- 6M
- -0.08%
- YTD
- 0.05%
- 1Y
- 2.46%
- 3Y*
- 4.12%
- 5Y*
- -0.34%
- 10Y*
- —
- ALL TIME*
- 0.01%
BCPL
- 1D
- 0.49%
- 1M
- -0.77%
- 6M
- 0.26%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $605.48K | $930.50K | $1.13M | |
| $10.00M | $8.31M | $6.66M |
BKAG vs. BCPL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKAG BNY Mellon Core Bond ETF | -0.31% |
BCPL BNY Mellon Core Plus ETF | 0.02% |
Correlation
The correlation between BKAG and BCPL is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.92 |
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Return for Risk
BKAG vs. BCPL — Risk / Return Rank
BKAG
BCPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKAG vs. BCPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and BNY Mellon Core Plus ETF (BCPL). 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.
| BKAG | BCPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | — | — |
| Martin ratioReturn relative to average drawdown | 2.17 | — | — |
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Drawdowns
BKAG vs. BCPL - Drawdown Comparison
The maximum BKAG drawdown since its inception was -18.53%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BKAG and BCPL.
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Drawdown Indicators
| BKAG | BCPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -2.95% | -15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -1.52% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -1.10% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
BKAG vs. BCPL - Volatility Comparison
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Volatility by Period
| BKAG | BCPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.98% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 3.98% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 3.98% | +1.53% |
BKAG vs. BCPL - Expense Ratio Comparison
BKAG has a 0.00% expense ratio, which is lower than BCPL's 0.40% expense ratio.
Dividends
BKAG vs. BCPL - Dividend Comparison
BKAG's dividend yield for the trailing twelve months is around 4.29%, more than BCPL's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKAG BNY Mellon Core Bond ETF | 4.29% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
Frequently Asked Questions
With a correlation of 0.92, BKAG and BCPL 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.
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.
BKAG is cheaper with a 0.00% expense ratio, compared with 0.40% for BCPL.
BKAG has the higher dividend yield at 4.29%, compared with 2.35% for BCPL.
BKAG is categorized as Total Bond Market, while BCPL is Intermediate Core-Plus Bond. Their fees differ too: 0.00% for BKAG and 0.40% for BCPL.
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