BKGI vs. BKUI

Last updated Jun 4, 2026

BKGI (Bny Mellon Global Infrastructure Income ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BKGI is a Energy Equities fund actively managed by BNY Mellon, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. Both are actively managed. Over the past 3 years, BKGI returned 22.14%/yr vs 5.21%/yr for BKUI. At a 0.18 correlation, their price movements are largely independent. BKGI charges 0.65%/yr vs 0.12%/yr for BKUI.

Performance

BKGI vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bny Mellon Global Infrastructure Income ETF (BKGI) and BNY Mellon Ultra Short Income ETF (BKUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKGI achieves a 12.20% return, which is significantly higher than BKUI's 1.42% return.

BKGI

• 1D: -0.43%
• 1M: 0.13%
• YTD: 12.20%
• 6M: 12.27%
• 1Y: 21.78%
• 3Y*: 22.14%
• 5Y*: —
• 10Y*: —

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

BKGI vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	12.20%	37.53%	12.35%	9.72%	8.54%
BKUI BNY Mellon Ultra Short Income ETF	1.42%	4.93%	5.50%	5.75%	1.04%

Correlation

The correlation between BKGI and BKUI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.18

Return for Risk

BKGI vs. BKUI — Risk / Return Rank

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

BKGI

BKGI Risk / Return Rank: 59
BKGI Sharpe Ratio Rank: 54
BKGI Sortino Ratio Rank: 54
BKGI Omega Ratio Rank: 55
BKGI Calmar Ratio Rank: 70
BKGI Martin Ratio Rank: 64

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 100
BKUI Omega Ratio Rank: 100
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

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.

BKGI vs. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and BNY Mellon Ultra Short Income ETF (BKUI). 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.

	BKGI	BKUI	Difference
Sharpe ratio Return per unit of total volatility	1.89	10.52	-8.63
Sortino ratio Return per unit of downside risk	2.63	25.25	-22.61
Omega ratio Gain probability vs. loss probability	1.34	6.02	-4.68
Calmar ratio Return relative to maximum drawdown	3.55	32.56	-29.01
Martin ratio Return relative to average drawdown	11.67	230.94	-219.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKGI vs. BKUI - Sharpe Ratio Comparison

The current BKGI Sharpe Ratio is 1.89, which is lower than the BKUI Sharpe Ratio of 10.52. The chart below compares the historical Sharpe Ratios of BKGI and BKUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKGI	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	10.52	-8.63
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	6.08	-4.47

Drawdowns

BKGI vs. BKUI - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKGI and BKUI.

Drawdown Indicators

	BKGI	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-1.72%	-13.07%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-0.13%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-0.25%	-13.91%
Current Drawdown Current decline from peak	-3.14%	-0.01%	-3.13%
Average Drawdown Average peak-to-trough decline	-2.57%	-0.27%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.02%	+1.85%

Volatility

BKGI vs. BKUI - Volatility Comparison

Bny Mellon Global Infrastructure Income ETF (BKGI) has a higher volatility of 4.17% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that BKGI's price experiences larger fluctuations and is considered to be riskier than BKUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKGI	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	0.15%	+4.02%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	0.31%	+8.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	0.41%	+11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	0.59%	+13.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	0.59%	+13.48%

BKGI vs. BKUI - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

BKGI vs. BKUI - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.69%, less than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKGI Bny Mellon Global Infrastructure Income ETF	2.69%	2.65%	4.55%	4.55%	0.53%	0.00%
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%

Frequently Asked Questions

Can I hold both BKGI and BKUI in my portfolio?

BKGI and BKUI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKGI or BKUI?

BKGI has higher volatility (4.17%) compared to BKUI (0.15%). In terms of maximum drawdown, BKGI dropped -14.79% vs BKUI's -1.72%.

Which ETF is better, BKGI or BKUI?

On 3-year performance, BKGI leads with 22.14% vs 5.21% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKGI or BKUI?

Over the 3-year period, BKGI has performed better with a 22.14% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKGI or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.65% for BKGI.

Which ETF pays a higher dividend yield, BKGI or BKUI?

BKUI has the higher dividend yield at 4.21%, compared with 2.69% for BKGI.

What is the main difference between BKGI and BKUI?

BKGI is categorized as Energy Equities, while BKUI is Ultrashort Bond. Their fees differ too: 0.65% for BKGI and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.52 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.