BKFI vs. BIV
BKFI (BNY Mellon Active Core Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. BKFI is actively managed, while BIV is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BKFI charges 0.40%/yr vs 0.03%/yr for BIV.
Performance
BKFI vs. BIV - Performance Comparison
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Returns By Period
BKFI
- 1D
- -0.36%
- 1M
- 0.60%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- -0.25%
- 1M
- 0.42%
- YTD
- -0.24%
- 6M
- -0.15%
- 1Y
- 4.06%
- 3Y*
- 4.34%
- 5Y*
- 0.21%
- 10Y*
- 1.82%
BKFI vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKFI BNY Mellon Active Core Bond ETF | -0.21% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.34% |
Correlation
The correlation between BKFI and BIV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.91 |
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Return for Risk
BKFI vs. BIV — Risk / Return Rank
BKFI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIV
BKFI vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active Core Bond ETF (BKFI) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| BKFI | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.28 | — |
| Martin ratioReturn relative to average drawdown | — | 3.59 | — |
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Drawdowns
BKFI vs. BIV - Drawdown Comparison
The maximum BKFI drawdown since its inception was -3.08%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for BKFI and BIV.
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Drawdown Indicators
| BKFI | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -18.95% | +15.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -1.69% | -2.04% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -3.38% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
BKFI vs. BIV - Volatility Comparison
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Volatility by Period
| BKFI | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 4.04% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 6.40% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 5.51% | -1.31% |
BKFI vs. BIV - Expense Ratio Comparison
BKFI has a 0.40% expense ratio, which is higher than BIV's 0.03% expense ratio.
Dividends
BKFI vs. BIV - Dividend Comparison
BKFI's dividend yield for the trailing twelve months is around 1.77%, less than BIV's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.22% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
BKFI BNY Mellon Active Core Bond ETF | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, BKFI and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BIV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIV is cheaper with a 0.03% expense ratio, compared with 0.40% for BKFI.
BIV has the higher dividend yield at 4.22%, compared with 1.77% for BKFI.
They also come from different issuers: BNY Mellon and Vanguard. Their fees differ too: 0.40% for BKFI and 0.03% for BIV.
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