BKAG vs. BTOT
BKAG (BNY Mellon Core Bond ETF) and BTOT (iShares Total USD Fixed Income Market ETF) are both Total Bond Market funds - BKAG tracks the Bloomberg US Aggregate Total Return Index while BTOT tracks the Bloomberg US Total Fixed Income Market Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. BKAG charges 0.00%/yr vs 0.09%/yr for BTOT.
Performance
BKAG vs. BTOT - Performance Comparison
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Returns By Period
In the year-to-date period, BKAG achieves a 0.30% return, which is significantly lower than BTOT's 0.51% return.
BKAG
- 1D
- 0.19%
- 1M
- -0.27%
- 6M
- -0.21%
- YTD
- 0.30%
- 1Y
- 4.51%
- 3Y*
- 3.90%
- 5Y*
- -0.18%
- 10Y*
- —
BTOT
- 1D
- 0.17%
- 1M
- -0.29%
- 6M
- 0.13%
- YTD
- 0.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKAG vs. BTOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BKAG BNY Mellon Core Bond ETF | 0.30% | 0.11% |
BTOT iShares Total USD Fixed Income Market ETF | 0.51% | 0.12% |
Correlation
The correlation between BKAG and BTOT is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.95 |
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Return for Risk
BKAG vs. BTOT — Risk / Return Rank
BKAG
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKAG vs. BTOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and iShares Total USD Fixed Income Market ETF (BTOT). 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 | BTOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | — | — |
| Martin ratioReturn relative to average drawdown | 4.39 | — | — |
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Drawdowns
BKAG vs. BTOT - Drawdown Comparison
The maximum BKAG drawdown since its inception was -18.53%, which is greater than BTOT's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for BKAG and BTOT.
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Drawdown Indicators
| BKAG | BTOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -2.36% | -16.17% |
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 DrawdownCurrent decline from peak | -2.30% | -1.07% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -0.80% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | — | — |
Volatility
BKAG vs. BTOT - Volatility Comparison
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Volatility by Period
| BKAG | BTOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.66% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 3.66% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 3.66% | +1.86% |
BKAG vs. BTOT - Expense Ratio Comparison
BKAG has a 0.00% expense ratio, which is lower than BTOT's 0.09% 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%.
Dividends
BKAG vs. BTOT - Dividend Comparison
BKAG's dividend yield for the trailing twelve months is around 4.29%, more than BTOT's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 4.29% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
BTOT iShares Total USD Fixed Income Market ETF | 2.50% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, BKAG and BTOT 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 0.09% for BTOT.
BKAG has the higher dividend yield at 4.29%, compared with 2.50% for BTOT.
BKAG tracks Bloomberg US Aggregate Total Return Index, while BTOT tracks Bloomberg US Total Fixed Income Market Index. They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.00% for BKAG and 0.09% for BTOT.
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