BKDV vs. ORBX

Last updated Jun 4, 2026

BKDV (BNY Mellon Dynamic Value ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - BKDV is a Large Cap Value Equities fund actively managed by BNY Mellon, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. BKDV is actively managed, while ORBX is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. BKDV charges 0.60%/yr vs 0.50%/yr for ORBX.

Performance

BKDV vs. ORBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value ETF (BKDV) and Global X Space Tech ETF (ORBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKDV

• 1D: -0.21%
• 1M: 4.33%
• YTD: 13.65%
• 6M: 15.13%
• 1Y: 29.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKDV vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
BKDV BNY Mellon Dynamic Value ETF	6.70%
ORBX Global X Space Tech ETF	22.02%

Correlation

The correlation between BKDV and ORBX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.51

Return for Risk

BKDV vs. ORBX — Risk / Return Rank

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

BKDV

BKDV Risk / Return Rank: 79
BKDV Sharpe Ratio Rank: 76
BKDV Sortino Ratio Rank: 78
BKDV Omega Ratio Rank: 74
BKDV Calmar Ratio Rank: 83
BKDV Martin Ratio Rank: 82

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. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value ETF (BKDV) and Global X Space Tech ETF (ORBX). 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.

	BKDV	ORBX	Difference
Sharpe ratio Return per unit of total volatility	2.47	—	—
Sortino ratio Return per unit of downside risk	3.47	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	4.39	—	—
Martin ratio Return relative to average drawdown	16.14	—	—
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

	BKDV	ORBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	4.31	-3.01

Drawdowns

BKDV vs. ORBX - Drawdown Comparison

The maximum BKDV drawdown since its inception was -15.49%, smaller than the maximum ORBX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BKDV and ORBX.

Drawdown Indicators

	BKDV	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-15.49%	-18.53%	+3.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	—	—
Current Drawdown Current decline from peak	-0.21%	-18.53%	+18.32%
Average Drawdown Average peak-to-trough decline	-2.39%	-5.01%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	BKDV	ORBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	79.41%	-67.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	79.41%	-63.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	79.41%	-63.74%

BKDV vs. ORBX - Expense Ratio Comparison

BKDV has a 0.60% expense ratio, which is higher than ORBX's 0.50% expense ratio.

Dividends

BKDV vs. ORBX - Dividend Comparison

BKDV's dividend yield for the trailing twelve months is around 0.54%, while ORBX has not paid dividends to shareholders.

Position	TTM	2025	2024
BKDV BNY Mellon Dynamic Value ETF	0.54%	0.62%	0.27%
ORBX Global X Space Tech ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKDV and ORBX in my portfolio?

BKDV and ORBX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKDV or ORBX?

On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKDV or ORBX?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.60% for BKDV.

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

BKDV has the higher dividend yield at 0.54%, compared with 0.00% for ORBX.

What is the main difference between BKDV and ORBX?

BKDV is categorized as Large Cap Value Equities, while ORBX is Aerospace & Defense. They also come from different issuers: BNY Mellon and Global X. Their fees differ too: 0.60% for BKDV and 0.50% for ORBX.