BKFI vs. DDV

Last updated Jun 5, 2026

BKFI (BNY Mellon Active Core Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. BKFI charges 0.40%/yr vs 0.25%/yr for DDV.

Performance

BKFI vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Active Core Bond ETF (BKFI) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKFI

• 1D: 0.17%
• 1M: 0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDV

• 1D: -0.02%
• 1M: 0.49%
• YTD: 2.21%
• 6M: 2.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKFI vs. DDV - Yearly Performance Comparison

	2026 (YTD)
BKFI BNY Mellon Active Core Bond ETF	-0.02%
DDV Defined Duration 5 ETF	1.70%

Correlation

The correlation between BKFI and DDV is 0.75, 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 Jan 13, 2026	0.75

Return for Risk

BKFI vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active Core Bond ETF (BKFI) and Defined Duration 5 ETF (DDV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BKFI	DDV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	2.04	-2.05

Drawdowns

BKFI vs. DDV - Drawdown Comparison

The maximum BKFI drawdown since its inception was -3.08%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for BKFI and DDV.

Drawdown Indicators

	BKFI	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-1.92%	-1.16%
Current Drawdown Current decline from peak	-1.63%	-0.14%	-1.49%
Average Drawdown Average peak-to-trough decline	-1.20%	-0.35%	-0.85%

Volatility

Volatility by Period

	BKFI	DDV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	2.67%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.13%	2.67%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.13%	2.67%	+1.46%

BKFI vs. DDV - Expense Ratio Comparison

BKFI has a 0.40% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

BKFI vs. DDV - Dividend Comparison

BKFI's dividend yield for the trailing twelve months is around 1.77%, more than DDV's 1.21% yield.

Position	TTM	2025
BKFI BNY Mellon Active Core Bond ETF	1.77%	0.00%
DDV Defined Duration 5 ETF	1.21%	0.42%

Frequently Asked Questions

Can I hold both BKFI and DDV in my portfolio?

BKFI and DDV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKFI or DDV?

On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKFI or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.40% for BKFI.

Which ETF pays a higher dividend yield, BKFI or DDV?

BKFI has the higher dividend yield at 1.77%, compared with 1.21% for DDV.

What is the main difference between BKFI and DDV?

They also come from different issuers: BNY Mellon and Discipline Funds. Their fees differ too: 0.40% for BKFI and 0.25% for DDV.