BKDV vs. BKUI

Last updated Jun 24, 2026

BKDV (BNY Mellon Dynamic Value ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BKDV is a Large Cap Value 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, BKDV returned 28.39% vs 4.11% for BKUI. At a 0.07 correlation, their price movements are largely independent. BKDV charges 0.60%/yr vs 0.12%/yr for BKUI.

Performance

BKDV vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value ETF (BKDV) 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, BKDV achieves a 14.68% return, which is significantly higher than BKUI's 1.54% return.

BKDV

• 1D: -0.60%
• 1M: 1.80%
• YTD: 14.68%
• 6M: 13.66%
• 1Y: 28.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKUI

• 1D: 0.05%
• 1M: 0.30%
• YTD: 1.54%
• 6M: 1.66%
• 1Y: 4.11%
• 3Y*: 5.12%
• 5Y*: —
• 10Y*: —

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

BKDV vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKDV BNY Mellon Dynamic Value ETF	14.68%	18.58%	-0.91%
BKUI BNY Mellon Ultra Short Income ETF	1.54%	4.93%	0.81%

Correlation

The correlation between BKDV and BKUI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.07

The correlation between BKDV and BKUI shifts across timeframes, from 0.07 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BKDV vs. BKUI — Risk / Return Rank

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

BKDV

BKDV Risk / Return Rank: 81
BKDV Sharpe Ratio Rank: 79
BKDV Sortino Ratio Rank: 80
BKDV Omega Ratio Rank: 76
BKDV Calmar Ratio Rank: 85
BKDV Martin Ratio Rank: 83

BKUI

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

BKDV vs. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value ETF (BKDV) 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.

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.

	BKDV	BKUI	Difference
Sharpe ratio: Return per unit of total volatility	2.32	9.90	-7.58
Sortino ratio: Return per unit of downside risk	3.24	22.38	-19.15
Omega ratio: Gain probability vs. loss probability	1.41	5.41	-4.00
Calmar ratio: Return relative to maximum drawdown	4.29	30.98	-26.69
Martin ratio: Return relative to average drawdown	15.58	210.64	-195.06

BKDV vs. BKUI - Sharpe Ratio Comparison

The current BKDV Sharpe Ratio is 2.32, which is lower than the BKUI Sharpe Ratio of 9.90. The chart below compares the historical Sharpe Ratios of BKDV 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.

Drawdowns

BKDV vs. BKUI - Drawdown Comparison

The maximum BKDV drawdown since its inception was -15.49%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKDV and BKUI.

Drawdown Indicators

	BKDV	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-15.49%	-1.72%	-13.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-0.13%	-6.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.25%	—
Current Drawdown Current decline from peak	-1.10%	-0.00%	-1.10%
Average Drawdown Average peak-to-trough decline	-2.34%	-0.27%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	0.02%	+1.81%

Volatility

BKDV vs. BKUI - Volatility Comparison

BNY Mellon Dynamic Value ETF (BKDV) has a higher volatility of 4.31% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.17%. This indicates that BKDV'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

	BKDV	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	0.17%	+4.14%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	0.33%	+9.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	0.42%	+11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	0.59%	+15.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	0.59%	+15.12%

BKDV vs. BKUI - Expense Ratio Comparison

BKDV has a 0.60% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

BKDV vs. BKUI - Dividend Comparison

BKDV's dividend yield for the trailing twelve months is around 0.54%, less than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKDV BNY Mellon Dynamic Value ETF	0.54%	0.62%	0.27%	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 BKDV and BKUI in my portfolio?

BKDV and BKUI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKDV or BKUI?

BKDV has higher volatility (4.31%) compared to BKUI (0.17%). In terms of maximum drawdown, BKDV dropped -15.49% vs BKUI's -1.72%.

Which ETF is better, BKDV or BKUI?

On 1-year performance, BKDV leads with 28.39% vs 4.11% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKDV or BKUI?

Over the 1-year period, BKDV has performed better with a 28.39% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKDV or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.60% for BKDV.

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

BKUI has the higher dividend yield at 4.21%, compared with 0.54% for BKDV.

What is the main difference between BKDV and BKUI?

BKDV is categorized as Large Cap Value Equities, while BKUI is Ultrashort Bond. Their fees differ too: 0.60% for BKDV and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (9.90 vs 2.32), 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.