BKAG vs. BKUI
Compare and contrast key facts about BNY Mellon Core Bond ETF (BKAG) and BNY Mellon Ultra Short Income ETF (BKUI).
BKAG and BKUI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKAG is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Aggregate Total Return Index. It was launched on Apr 24, 2020. BKUI is an actively managed fund by BNY Mellon. It was launched on Aug 9, 2021.
Performance
BKAG vs. BKUI - Performance Comparison
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BKAG vs. BKUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 0.22% | 7.23% | 1.17% | 5.67% | -13.29% | -0.46% |
BKUI BNY Mellon Ultra Short Income ETF | 0.73% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
Returns By Period
In the year-to-date period, BKAG achieves a 0.22% return, which is significantly lower than BKUI's 0.73% return.
BKAG
- 1D
- 0.43%
- 1M
- -1.66%
- YTD
- 0.22%
- 6M
- 1.13%
- 1Y
- 4.43%
- 3Y*
- 3.61%
- 5Y*
- 0.22%
- 10Y*
- —
BKUI
- 1D
- 0.04%
- 1M
- 0.06%
- YTD
- 0.73%
- 6M
- 1.85%
- 1Y
- 4.32%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
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BKAG vs. BKUI - Expense Ratio Comparison
BKAG has a 0.00% expense ratio, which is lower than BKUI's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BKAG vs. BKUI — Risk / Return Rank
BKAG
BKUI
BKAG vs. BKUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and BNY Mellon Ultra Short Income ETF (BKUI). 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 | BKUI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 9.39 | -8.37 |
Sortino ratioReturn per unit of downside risk | 1.42 | 19.70 | -18.28 |
Omega ratioGain probability vs. loss probability | 1.18 | 4.85 | -3.67 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 17.35 | -15.48 |
Martin ratioReturn relative to average drawdown | 5.25 | 112.84 | -107.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKAG | BKUI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 9.39 | -8.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 6.01 | -6.00 |
Correlation
The correlation between BKAG and BKUI is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BKAG vs. BKUI - Dividend Comparison
BKAG's dividend yield for the trailing twelve months is around 4.18%, less than BKUI's 4.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 4.18% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
BKUI BNY Mellon Ultra Short Income ETF | 4.40% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% |
Drawdowns
BKAG vs. BKUI - Drawdown Comparison
The maximum BKAG drawdown since its inception was -18.53%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKAG and BKUI.
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Drawdown Indicators
| BKAG | BKUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -1.72% | -16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -0.25% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | 0.00% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -0.28% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.04% | +0.85% |
Volatility
BKAG vs. BKUI - Volatility Comparison
BNY Mellon Core Bond ETF (BKAG) has a higher volatility of 1.72% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.19%. This indicates that BKAG's price experiences larger fluctuations and is considered to be riskier than BKUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKAG | BKUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.19% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 0.28% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 0.46% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 0.59% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 0.59% | +5.00% |