BKEM vs. BKHY
BKEM (BNY Mellon Emerging Markets Equity ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BKEM is a Emerging Markets Equities fund tracking the Morningstar Emerging Markets Large Cap Index, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. Both are passively managed. Over the past 5 years, BKEM returned 6.90%/yr vs 4.03%/yr for BKHY. Their 0.54 correlation means they have sometimes moved together and sometimes differently. BKEM charges 0.11%/yr vs 0.22%/yr for BKHY.
Performance
BKEM vs. BKHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKEM achieves a 19.61% return, which is significantly higher than BKHY's 2.22% return.
BKEM
- 1D
- 0.10%
- 1M
- -2.18%
- 6M
- 9.90%
- YTD
- 19.61%
- 1Y
- 36.20%
- 3Y*
- 19.15%
- 5Y*
- 6.90%
- 10Y*
- —
- ALL TIME*
- 12.53%
BKHY
- 1D
- 0.36%
- 1M
- -0.13%
- 6M
- 1.37%
- YTD
- 2.22%
- 1Y
- 5.67%
- 3Y*
- 8.49%
- 5Y*
- 4.03%
- 10Y*
- —
- ALL TIME*
- 6.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $481.37K | $317.95K | $245.58K | |
| $1.19M | $908.44K | $848.67K |
BKEM vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 19.61% | 30.55% | 7.53% | 8.68% | -19.43% | -3.91% | 48.44% |
BKHY BNY Mellon High Yield Beta ETF | 2.22% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
Correlation
The correlation between BKEM and BKHY is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.54 |
The correlation between BKEM and BKHY has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BKEM vs. BKHY — Risk / Return Rank
BKEM
BKHY
BKEM vs. BKHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and BNY Mellon High Yield Beta ETF (BKHY). 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.
| BKEM | BKHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.25 | +0.36 |
| Martin ratioReturn relative to average drawdown | 8.01 | 10.14 | -2.13 |
Loading charts...
Drawdowns
BKEM vs. BKHY - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKEM and BKHY.
Loading charts...
Drawdown Indicators
| BKEM | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -15.89% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -2.53% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -4.87% | -13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -15.89% | -17.39% |
Current DrawdownCurrent decline from peak | -9.43% | -0.14% | -9.29% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -2.90% | -12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 0.56% | +3.97% |
Volatility
BKEM vs. BKHY - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) has a higher volatility of 9.11% compared to BNY Mellon High Yield Beta ETF (BKHY) at 0.83%. This indicates that BKEM's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BKEM | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 0.83% | +8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 3.10% | +18.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 3.72% | +20.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 7.59% | +12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 7.28% | +12.47% |
BKEM vs. BKHY - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than BKHY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKEM vs. BKHY - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 1.96%, less than BKHY's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 1.96% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
BKHY BNY Mellon High Yield Beta ETF | 7.43% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
Frequently Asked Questions
BKEM and BKHY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKEM has higher volatility (9.11%) compared to BKHY (0.83%). In terms of maximum drawdown, BKEM dropped -39.48% vs BKHY's -15.89%.
On 5-year performance, BKEM leads with 6.90% vs 4.03% for BKHY. On fees, BKEM is cheaper at 0.11% per year. On volatility, BKHY has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKEM has performed better with a 6.90% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKEM is cheaper with a 0.11% expense ratio, compared with 0.22% for BKHY.
BKHY has the higher dividend yield at 7.43%, compared with 1.96% for BKEM.
BKEM is categorized as Emerging Markets Equities, while BKHY is High Yield Bonds. BKEM tracks Morningstar Emerging Markets Large Cap Index, while BKHY tracks Bloomberg US Corporate High Yield Index. Their fees differ too: 0.11% for BKEM and 0.22% for BKHY.
BKHY currently has the higher Sharpe Ratio (1.53 vs 1.53), 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.
Find the right allocation for BKEM and BKHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer