BKCI vs. BKMS

Last updated Jun 4, 2026

BKCI (BNY Mellon Concentrated International ETF) and BKMS (BNY Mellon Municipal Short Duration ETF) are both exchange-traded funds - BKCI is a Foreign Large Cap Equities fund actively managed by BNY Mellon, while BKMS is a Municipal Bonds fund actively managed by BNY Mellon. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. BKCI charges 0.80%/yr vs 0.35%/yr for BKMS.

Performance

BKCI vs. BKMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated International ETF (BKCI) and BNY Mellon Municipal Short Duration ETF (BKMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKCI

• 1D: -0.32%
• 1M: 3.93%
• YTD: 3.52%
• 6M: 4.73%
• 1Y: 6.77%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

BKMS

• 1D: 0.04%
• 1M: 0.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCI vs. BKMS - Yearly Performance Comparison

	2026 (YTD)
BKCI BNY Mellon Concentrated International ETF	-0.39%
BKMS BNY Mellon Municipal Short Duration ETF	0.58%

Correlation

The correlation between BKCI and BKMS is 0.16, 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 Jan 13, 2026	0.16

Return for Risk

BKCI vs. BKMS — Risk / Return Rank

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

BKCI

BKCI Risk / Return Rank: 16
BKCI Sharpe Ratio Rank: 16
BKCI Sortino Ratio Rank: 16
BKCI Omega Ratio Rank: 15
BKCI Calmar Ratio Rank: 17
BKCI Martin Ratio Rank: 18

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.

BKCI vs. BKMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Concentrated International ETF (BKCI) and BNY Mellon Municipal Short Duration ETF (BKMS). 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.

	BKCI	BKMS	Difference
Sharpe ratio: Return per unit of total volatility	0.48	—	—
Sortino ratio: Return per unit of downside risk	0.76	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.60	—	—
Martin ratio: Return relative to average drawdown	1.89	—	—
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

	BKCI	BKMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.20	-1.11

Drawdowns

BKCI vs. BKMS - Drawdown Comparison

The maximum BKCI drawdown since its inception was -31.03%, which is greater than BKMS's maximum drawdown of -0.87%. Use the drawdown chart below to compare losses from any high point for BKCI and BKMS.

Drawdown Indicators

	BKCI	BKMS	Difference
Max Drawdown Largest peak-to-trough decline	-31.03%	-0.87%	-30.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.02%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.13%	-0.93%
Average Drawdown Average peak-to-trough decline	-9.40%	-0.29%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	BKCI	BKMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	1.25%	+13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	1.25%	+15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	1.25%	+15.36%

BKCI vs. BKMS - Expense Ratio Comparison

BKCI has a 0.80% expense ratio, which is higher than BKMS's 0.35% expense ratio.

Dividends

BKCI vs. BKMS - Dividend Comparison

BKCI's dividend yield for the trailing twelve months is around 1.34%, more than BKMS's 1.11% yield.

Position	TTM	2025	2024	2023	2022
BKCI BNY Mellon Concentrated International ETF	1.34%	1.39%	0.78%	0.73%	0.46%
BKMS BNY Mellon Municipal Short Duration ETF	1.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKCI and BKMS in my portfolio?

BKCI and BKMS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCI or BKMS?

On fees, BKMS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCI or BKMS?

BKMS is cheaper with a 0.35% expense ratio, compared with 0.80% for BKCI.

Which ETF pays a higher dividend yield, BKCI or BKMS?

BKCI has the higher dividend yield at 1.34%, compared with 1.11% for BKMS.

What is the main difference between BKCI and BKMS?

BKCI is categorized as Foreign Large Cap Equities, while BKMS is Municipal Bonds. Their fees differ too: 0.80% for BKCI and 0.35% for BKMS.