BKFI vs. BKHY
BKFI (BNY Mellon Active Core Bond ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BKFI is a Intermediate Core Bond fund actively managed by BNY Mellon, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. BKFI is actively managed, while BKHY is passively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BKFI charges 0.40%/yr vs 0.22%/yr for BKHY.
Performance
BKFI vs. BKHY - Performance Comparison
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Returns By Period
BKFI
- 1D
- -0.34%
- 1M
- -1.30%
- 6M
- -1.20%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BKHY
- 1D
- -0.05%
- 1M
- -0.49%
- 6M
- 1.11%
- YTD
- 1.85%
- 1Y
- 5.29%
- 3Y*
- 8.31%
- 5Y*
- 3.90%
- 10Y*
- —
- ALL TIME*
- 6.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $291.85K | $607.01K | $1.20M | |
| $792.85K | $721.33K | $800.62K |
BKFI vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKFI BNY Mellon Active Core Bond ETF | -1.23% |
BKHY BNY Mellon High Yield Beta ETF | 1.38% |
Correlation
The correlation between BKFI and BKHY is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.64 |
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Return for Risk
BKFI vs. BKHY — Risk / Return Rank
BKFI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKHY
BKFI vs. BKHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active Core Bond ETF (BKFI) 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.
| BKFI | BKHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.13 | — |
| Martin ratioReturn relative to average drawdown | — | 9.56 | — |
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Drawdowns
BKFI vs. BKHY - Drawdown Comparison
The maximum BKFI drawdown since its inception was -3.08%, smaller than the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKFI and BKHY.
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Drawdown Indicators
| BKFI | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -15.89% | +12.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.89% | — |
Current DrawdownCurrent decline from peak | -2.69% | -0.50% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -2.90% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
BKFI vs. BKHY - Volatility Comparison
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Volatility by Period
| BKFI | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 3.70% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 7.58% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 7.28% | -3.10% |
BKFI vs. BKHY - Expense Ratio Comparison
BKFI has a 0.40% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Dividends
BKFI vs. BKHY - Dividend Comparison
BKFI's dividend yield for the trailing twelve months is around 2.17%, less than BKHY's 7.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKFI BNY Mellon Active Core Bond ETF | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKHY BNY Mellon High Yield Beta ETF | 6.83% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
Frequently Asked Questions
BKFI and BKHY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKHY is cheaper with a 0.22% expense ratio, compared with 0.40% for BKFI.
BKHY has the higher dividend yield at 6.83%, compared with 2.17% for BKFI.
BKFI is categorized as Intermediate Core Bond, while BKHY is High Yield Bonds. Their fees differ too: 0.40% for BKFI and 0.22% for BKHY.
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