BKAG vs. CPAG

Last updated Jun 4, 2026

BKAG (BNY Mellon Core Bond ETF) and CPAG (F/m Compoundr U.S. Aggregate Bond ETF) are both Total Bond Market funds - BKAG tracks the Bloomberg US Aggregate Total Return Index while CPAG tracks the Nasdaq Compoundr U.S. Aggregate Bond Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. BKAG charges 0.00%/yr vs 0.31%/yr for CPAG.

Performance

BKAG vs. CPAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Bond ETF (BKAG) and F/m Compoundr U.S. Aggregate Bond ETF (CPAG). 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 higher than CPAG's -0.02% return.

BKAG

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

CPAG

• 1D: -0.21%
• 1M: 0.14%
• YTD: -0.02%
• 6M: -0.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKAG vs. CPAG - Yearly Performance Comparison

	2026 (YTD)	2025
BKAG BNY Mellon Core Bond ETF	0.29%	2.57%
CPAG F/m Compoundr U.S. Aggregate Bond ETF	-0.02%	2.22%

Correlation

The correlation between BKAG and CPAG is 0.96 - 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 Aug 13, 2025	0.96

Return for Risk

BKAG vs. CPAG — 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. CPAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and F/m Compoundr U.S. Aggregate Bond ETF (CPAG). 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	CPAG	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	CPAG	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	0.75	-0.74

Drawdowns

BKAG vs. CPAG - Drawdown Comparison

The maximum BKAG drawdown since its inception was -18.53%, which is greater than CPAG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for BKAG and CPAG.

Drawdown Indicators

	BKAG	CPAG	Difference
Max Drawdown Largest peak-to-trough decline	-18.53%	-2.78%	-15.75%
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%	-1.68%	-0.64%
Average Drawdown Average peak-to-trough decline	-7.12%	-0.74%	-6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	BKAG	CPAG	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%	3.67%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	3.67%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	3.67%	+1.88%

BKAG vs. CPAG - Expense Ratio Comparison

BKAG has a 0.00% expense ratio, which is lower than CPAG's 0.31% expense ratio.

Dividends

BKAG vs. CPAG - Dividend Comparison

BKAG's dividend yield for the trailing twelve months is around 4.24%, while CPAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BKAG BNY Mellon Core Bond ETF	4.24%	4.17%	4.26%	3.33%	2.49%	1.55%	1.16%
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKAG and CPAG in my portfolio?

With a correlation of 0.96, BKAG and CPAG 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.

Which ETF is better, BKAG or CPAG?

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 CPAG?

BKAG is cheaper with a 0.00% expense ratio, compared with 0.31% for CPAG.

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

BKAG has the higher dividend yield at 4.24%, compared with 0.00% for CPAG.

What is the main difference between BKAG and CPAG?

BKAG tracks Bloomberg US Aggregate Total Return Index, while CPAG tracks Nasdaq Compoundr U.S. Aggregate Bond Index. They also come from different issuers: BNY Mellon and F/m Investments. Their fees differ too: 0.00% for BKAG and 0.31% for CPAG.