BKAG vs. BEDY

Last updated Jun 4, 2026

BKAG (BNY Mellon Core Bond ETF) and BEDY (BNY Mellon Enhanced Dividend Income ETF) are both exchange-traded funds - BKAG is a Total Bond Market fund tracking the Bloomberg US Aggregate Total Return Index, while BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon. BKAG is passively managed, while BEDY is actively managed. At a 0.36 correlation, their price movements are largely independent. BKAG charges 0.00%/yr vs 0.50%/yr for BEDY.

Performance

BKAG vs. BEDY - Performance Comparison

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

Returns By Period

In the year-to-date period, BKAG achieves a 0.29% return, which is significantly lower than BEDY's 10.77% return.

BKAG

• 1D: -0.19%
• 1M: 0.27%
• YTD: 0.29%
• 6M: 0.12%
• 1Y: 5.10%
• 3Y*: 3.95%
• 5Y*: 0.07%
• 10Y*: —

BEDY

• 1D: 1.13%
• 1M: 2.86%
• YTD: 10.77%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKAG vs. BEDY - Yearly Performance Comparison

	2026 (YTD)	2025
BKAG BNY Mellon Core Bond ETF	0.29%	0.35%
BEDY BNY Mellon Enhanced Dividend Income ETF	10.77%	1.62%

Correlation

The correlation between BKAG and BEDY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.36

Return for Risk

BKAG vs. BEDY — Risk / Return Rank

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

BKAG

BKAG Risk / Return Rank: 36
BKAG Sharpe Ratio Rank: 36
BKAG Sortino Ratio Rank: 37
BKAG Omega Ratio Rank: 34
BKAG Calmar Ratio Rank: 37
BKAG Martin Ratio Rank: 35

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.

BKAG vs. BEDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and BNY Mellon Enhanced Dividend Income ETF (BEDY). 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.

	BKAG	BEDY	Difference
Sharpe ratio Return per unit of total volatility	1.32	—	—
Sortino ratio Return per unit of downside risk	1.94	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.86	—	—
Martin ratio Return relative to average drawdown	5.49	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BKAG	BEDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	2.36	-2.35

Drawdowns

BKAG vs. BEDY - Drawdown Comparison

The maximum BKAG drawdown since its inception was -18.53%, which is greater than BEDY's maximum drawdown of -6.25%. Use the drawdown chart below to compare losses from any high point for BKAG and BEDY.

Drawdown Indicators

	BKAG	BEDY	Difference
Max Drawdown Largest peak-to-trough decline	-18.53%	-6.25%	-12.28%
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	-2.32%	0.00%	-2.32%
Average Drawdown Average peak-to-trough decline	-7.12%	-1.37%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	BKAG	BEDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	12.02%	-8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	12.02%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	12.02%	-6.47%

BKAG vs. BEDY - Expense Ratio Comparison

BKAG has a 0.00% expense ratio, which is lower than BEDY's 0.50% expense ratio.

Dividends

BKAG vs. BEDY - Dividend Comparison

BKAG's dividend yield for the trailing twelve months is around 4.24%, more than BEDY's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BEDY BNY Mellon Enhanced Dividend Income ETF	3.34%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%
BKAG BNY Mellon Core Bond ETF	4.24%	4.17%	4.26%	3.33%	2.49%	1.55%	1.16%

Frequently Asked Questions

Can I hold both BKAG and BEDY in my portfolio?

BKAG and BEDY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKAG or BEDY?

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, BKAG or BEDY?

BKAG is cheaper with a 0.00% expense ratio, compared with 0.50% for BEDY.

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

BKAG has the higher dividend yield at 4.24%, compared with 3.34% for BEDY.

What is the main difference between BKAG and BEDY?

BKAG is categorized as Total Bond Market, while BEDY is Large Cap Value Equities. Their fees differ too: 0.00% for BKAG and 0.50% for BEDY.