BKFI vs. XOP

Last updated Aug 2, 2026

BKFI (BNY Mellon Active Core Bond ETF) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both exchange-traded funds - BKFI is a Intermediate Core Bond fund actively managed by BNY Mellon, while XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. BKFI is actively managed, while XOP is passively managed. Their -0.44 correlation means they have often moved in opposite directions in the past. BKFI charges 0.40%/yr vs 0.35%/yr for XOP.

Performance

BKFI vs. XOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Active Core Bond ETF (BKFI) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKFI

• 1D: -0.34%
• 1M: -1.30%
• 6M: -1.20%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XOP

• 1D: 1.45%
• 1M: 14.72%
• 6M: 27.63%
• YTD: 41.76%
• 1Y: 46.74%
• 3Y*: 10.13%
• 5Y*: 19.29%
• 10Y*: 5.00%
• ALL TIME*: 2.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKFI BNY Mellon Active Core Bond ETF	$291.85K	$607.01K	$1.20M
XOP SPDR S&P Oil & Gas Exploration & Production ETF	$553.31M	$544.38M	$598.08M

BKFI vs. XOP - Yearly Performance Comparison

	2026 (YTD)
BKFI BNY Mellon Active Core Bond ETF	-1.23%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	40.48%

Correlation

The correlation between BKFI and XOP is -0.44, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	-0.44

Return for Risk

BKFI vs. XOP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKFI

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

XOP

XOP Risk / Return Rank: 58
XOP Sharpe Ratio Rank: 64
XOP Sortino Ratio Rank: 57
XOP Omega Ratio Rank: 56
XOP Calmar Ratio Rank: 65
XOP Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKFI vs. XOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active Core Bond ETF (BKFI) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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	XOP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.47	—
Sortino ratio: Return per unit of downside risk	—	1.96	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.26	—
Martin ratio: Return relative to average drawdown	—	5.48	—

Drawdowns

BKFI vs. XOP - Drawdown Comparison

The maximum BKFI drawdown since its inception was -3.08%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for BKFI and XOP.

Drawdown Indicators

	BKFI	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-90.27%	+87.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.61%	—
Current Drawdown Current decline from peak	-2.69%	-33.74%	+31.05%
Average Drawdown Average peak-to-trough decline	-1.35%	-42.56%	+41.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.67%	—

Volatility

Volatility by Period

	BKFI	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	28.49%	-24.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.18%	33.53%	-29.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.18%	40.15%	-35.97%

BKFI vs. XOP - Expense Ratio Comparison

BKFI has a 0.40% expense ratio, which is higher than XOP's 0.35% expense ratio.

Dividends

BKFI vs. XOP - Dividend Comparison

BKFI's dividend yield for the trailing twelve months is around 2.17%, more than XOP's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKFI BNY Mellon Active Core Bond ETF	2.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.83%	2.62%	2.45%	2.63%	2.47%	1.61%	2.34%	1.47%	0.99%	0.76%	0.76%	2.21%

Frequently Asked Questions

Can I hold both BKFI and XOP in my portfolio?

BKFI and XOP have a correlation of -0.44, 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 XOP?

On fees, XOP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKFI or XOP?

XOP is cheaper with a 0.35% expense ratio, compared with 0.40% for BKFI.

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

BKFI has the higher dividend yield at 2.17%, compared with 1.83% for XOP.

What is the main difference between BKFI and XOP?

BKFI is categorized as Intermediate Core Bond, while XOP is Energy Equities. They also come from different issuers: BNY Mellon and State Street. Their fees differ too: 0.40% for BKFI and 0.35% for XOP.