BKFI vs. IBTO

Last updated Jun 5, 2026

BKFI (BNY Mellon Active Core Bond ETF) and IBTO (iShares iBonds Dec 2033 Term Treasury ETF) are both Intermediate Core Bond funds. BKFI is actively managed, while IBTO is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. BKFI charges 0.40%/yr vs 0.07%/yr for IBTO.

Performance

BKFI vs. IBTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Active Core Bond ETF (BKFI) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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*: —

IBTO

• 1D: 0.12%
• 1M: -0.11%
• YTD: -0.45%
• 6M: -0.59%
• 1Y: 3.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKFI vs. IBTO - Yearly Performance Comparison

	2026 (YTD)
BKFI BNY Mellon Active Core Bond ETF	-0.02%
IBTO iShares iBonds Dec 2033 Term Treasury ETF	-0.45%

Correlation

The correlation between BKFI and IBTO is 0.88, 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 13, 2026	0.88

Return for Risk

BKFI vs. IBTO — Risk / Return Rank

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

IBTO

IBTO Risk / Return Rank: 22
IBTO Sharpe Ratio Rank: 23
IBTO Sortino Ratio Rank: 23
IBTO Omega Ratio Rank: 21
IBTO Calmar Ratio Rank: 21
IBTO Martin Ratio Rank: 22

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.

BKFI vs. IBTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active Core Bond ETF (BKFI) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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	IBTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.44	-0.45

Drawdowns

BKFI vs. IBTO - Drawdown Comparison

The maximum BKFI drawdown since its inception was -3.08%, smaller than the maximum IBTO drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for BKFI and IBTO.

Drawdown Indicators

	BKFI	IBTO	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-8.36%	+5.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.66%	—
Current Drawdown Current decline from peak	-1.63%	-2.51%	+0.88%
Average Drawdown Average peak-to-trough decline	-1.20%	-2.37%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.27%	—

Volatility

Volatility by Period

	BKFI	IBTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	4.46%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.13%	6.61%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.13%	6.61%	-2.48%

BKFI vs. IBTO - Expense Ratio Comparison

BKFI has a 0.40% expense ratio, which is higher than IBTO's 0.07% expense ratio.

Dividends

BKFI vs. IBTO - Dividend Comparison

BKFI's dividend yield for the trailing twelve months is around 1.77%, less than IBTO's 4.15% yield.

Position	TTM	2025	2024	2023
BKFI BNY Mellon Active Core Bond ETF	1.77%	0.00%	0.00%	0.00%
IBTO iShares iBonds Dec 2033 Term Treasury ETF	4.15%	4.05%	4.23%	1.66%

Frequently Asked Questions

Can I hold both BKFI and IBTO in my portfolio?

BKFI and IBTO have a correlation of 0.88, 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 IBTO?

On fees, IBTO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKFI or IBTO?

IBTO is cheaper with a 0.07% expense ratio, compared with 0.40% for BKFI.

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

IBTO has the higher dividend yield at 4.15%, compared with 1.77% for BKFI.

What is the main difference between BKFI and IBTO?

They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.40% for BKFI and 0.07% for IBTO.