BKCI vs. BKUI

Last updated Jun 4, 2026

BKCI (BNY Mellon Concentrated International ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BKCI is a Foreign Large Cap 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 3 years, BKCI returned 4.55%/yr vs 5.21%/yr for BKUI. At a 0.17 correlation, their price movements are largely independent. BKCI charges 0.80%/yr vs 0.12%/yr for BKUI.

Performance

BKCI vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated International ETF (BKCI) 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, BKCI achieves a 3.52% return, which is significantly higher than BKUI's 1.42% return.

BKCI

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

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

BKCI vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCI BNY Mellon Concentrated International ETF	3.52%	9.94%	-2.44%	20.27%	-20.26%	0.38%
BKUI BNY Mellon Ultra Short Income ETF	1.42%	4.93%	5.50%	5.75%	-0.08%	0.07%

Correlation

The correlation between BKCI and BKUI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.17

Return for Risk

BKCI vs. BKUI — 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

BKUI

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

BKCI vs. BKUI - Risk-Adjusted Trends Comparison

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

	BKCI	BKUI	Difference
Sharpe ratio: Return per unit of total volatility	0.48	10.52	-10.05
Sortino ratio: Return per unit of downside risk	0.76	25.25	-24.48
Omega ratio: Gain probability vs. loss probability	1.09	6.02	-4.93
Calmar ratio: Return relative to maximum drawdown	0.60	32.56	-31.96
Martin ratio: Return relative to average drawdown	1.89	230.94	-229.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCI vs. BKUI - Sharpe Ratio Comparison

The current BKCI Sharpe Ratio is 0.48, which is lower than the BKUI Sharpe Ratio of 10.52. The chart below compares the historical Sharpe Ratios of BKCI 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

	BKCI	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	10.52	-10.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	6.08	-5.99

Drawdowns

BKCI vs. BKUI - Drawdown Comparison

The maximum BKCI drawdown since its inception was -31.03%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKCI and BKUI.

Drawdown Indicators

	BKCI	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-31.03%	-1.72%	-29.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-0.13%	-11.17%
Max Drawdown (3Y) Largest decline over 3 years	-20.02%	-0.25%	-19.77%
Current Drawdown Current decline from peak	-1.06%	-0.01%	-1.05%
Average Drawdown Average peak-to-trough decline	-9.40%	-0.27%	-9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	0.02%	+3.58%

Volatility

BKCI vs. BKUI - Volatility Comparison

BNY Mellon Concentrated International ETF (BKCI) has a higher volatility of 3.62% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that BKCI'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

	BKCI	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	0.15%	+3.47%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	0.31%	+10.93%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	0.41%	+13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	0.59%	+16.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	0.59%	+16.02%

BKCI vs. BKUI - Expense Ratio Comparison

BKCI has a 0.80% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

BKCI vs. BKUI - Dividend Comparison

BKCI's dividend yield for the trailing twelve months is around 1.34%, less than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCI BNY Mellon Concentrated International ETF	1.34%	1.39%	0.78%	0.73%	0.46%	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 BKCI and BKUI in my portfolio?

BKCI and BKUI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCI or BKUI?

BKCI has higher volatility (3.62%) compared to BKUI (0.15%). In terms of maximum drawdown, BKCI dropped -31.03% vs BKUI's -1.72%.

Which ETF is better, BKCI or BKUI?

On 3-year performance, BKUI leads with 5.21% vs 4.55% for BKCI. 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, BKCI or BKUI?

Over the 3-year period, BKUI has performed better with a 5.21% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCI or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.80% for BKCI.

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

BKUI has the higher dividend yield at 4.21%, compared with 1.34% for BKCI.

What is the main difference between BKCI and BKUI?

BKCI is categorized as Foreign Large Cap Equities, while BKUI is Ultrashort Bond. Their fees differ too: 0.80% for BKCI and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.52 vs 0.48), 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.