BKCG vs. BKUI

Last updated Jun 5, 2026

BKCG (BNY Mellon Concentrated Growth ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BKCG is a Large Cap Growth Equities fund actively managed by BNY Mellon, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. Both are actively managed. Over the past year, BKCG returned 14.43% vs 4.27% for BKUI. At a 0.08 correlation, their price movements are largely independent. BKCG charges 0.50%/yr vs 0.12%/yr for BKUI.

Performance

BKCG vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated Growth ETF (BKCG) and BNY Mellon Ultra Short Income ETF (BKUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCG achieves a 5.05% return, which is significantly higher than BKUI's 1.43% return.

BKCG

• 1D: 0.99%
• 1M: 2.17%
• YTD: 5.05%
• 6M: 5.78%
• 1Y: 14.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKUI

• 1D: 0.01%
• 1M: 0.30%
• YTD: 1.43%
• 6M: 1.77%
• 1Y: 4.27%
• 3Y*: 5.18%
• 5Y*: —
• 10Y*: —

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

BKCG vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025
BKCG BNY Mellon Concentrated Growth ETF	5.05%	18.56%
BKUI BNY Mellon Ultra Short Income ETF	1.43%	3.56%

Correlation

The correlation between BKCG and BKUI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.08

The correlation between BKCG and BKUI shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BKCG vs. BKUI — Risk / Return Rank

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

BKCG

BKCG Risk / Return Rank: 30
BKCG Sharpe Ratio Rank: 31
BKCG Sortino Ratio Rank: 30
BKCG Omega Ratio Rank: 30
BKCG Calmar Ratio Rank: 26
BKCG Martin Ratio Rank: 33

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 100
BKUI Omega Ratio Rank: 99
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

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.

BKCG vs. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Concentrated Growth ETF (BKCG) 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.

	BKCG	BKUI	Difference
Sharpe ratio: Return per unit of total volatility	1.10	10.45	-9.36
Sortino ratio: Return per unit of downside risk	1.57	24.95	-23.37
Omega ratio: Gain probability vs. loss probability	1.20	5.96	-4.77
Calmar ratio: Return relative to maximum drawdown	1.20	32.16	-30.97
Martin ratio: Return relative to average drawdown	4.86	229.32	-224.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCG vs. BKUI - Sharpe Ratio Comparison

The current BKCG Sharpe Ratio is 1.10, which is lower than the BKUI Sharpe Ratio of 10.45. The chart below compares the historical Sharpe Ratios of BKCG and BKUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKCG	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	10.45	-9.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	6.08	-4.94

Drawdowns

BKCG vs. BKUI - Drawdown Comparison

The maximum BKCG drawdown since its inception was -12.12%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKCG and BKUI.

Drawdown Indicators

	BKCG	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-1.72%	-10.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-0.13%	-11.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.25%	—
Current Drawdown Current decline from peak	-1.12%	-0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-1.97%	-0.27%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	0.02%	+2.95%

Volatility

BKCG vs. BKUI - Volatility Comparison

BNY Mellon Concentrated Growth ETF (BKCG) has a higher volatility of 3.50% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that BKCG'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.

Volatility by Period

	BKCG	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	0.15%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	0.31%	+10.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	0.41%	+12.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	0.59%	+17.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	0.59%	+17.43%

BKCG vs. BKUI - Expense Ratio Comparison

BKCG has a 0.50% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

BKCG vs. BKUI - Dividend Comparison

BKCG's dividend yield for the trailing twelve months is around 0.77%, less than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCG BNY Mellon Concentrated Growth ETF	0.77%	0.45%	0.00%	0.00%	0.00%	0.00%
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%

Frequently Asked Questions

Can I hold both BKCG and BKUI in my portfolio?

BKCG and BKUI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCG or BKUI?

BKCG has higher volatility (3.50%) compared to BKUI (0.15%). In terms of maximum drawdown, BKCG dropped -12.12% vs BKUI's -1.72%.

Which ETF is better, BKCG or BKUI?

On 1-year performance, BKCG leads with 14.43% vs 4.27% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCG or BKUI?

Over the 1-year period, BKCG has performed better with a 14.43% return vs 4.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCG or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.50% for BKCG.

Which ETF pays a higher dividend yield, BKCG or BKUI?

BKUI has the higher dividend yield at 4.21%, compared with 0.77% for BKCG.

What is the main difference between BKCG and BKUI?

BKCG is categorized as Large Cap Growth Equities, while BKUI is Ultrashort Bond. Their fees differ too: 0.50% for BKCG and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.45 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.