BKGI vs. IFRA
Compare and contrast key facts about Bny Mellon Global Infrastructure Income ETF (BKGI) and iShares U.S. Infrastructure ETF (IFRA).
BKGI and IFRA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022. IFRA is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Infrastructure Index. It was launched on Apr 3, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKGI or IFRA.
Key characteristics
| BKGI | IFRA | |
|---|---|---|
| YTD Return | 15.53% | 23.62% |
| 1Y Return | 21.40% | 33.98% |
| Sharpe Ratio | 1.71 | 2.15 |
| Sortino Ratio | 2.38 | 3.07 |
| Omega Ratio | 1.30 | 1.38 |
| Calmar Ratio | 3.01 | 4.46 |
| Martin Ratio | 8.32 | 11.60 |
| Ulcer Index | 2.53% | 2.94% |
| Daily Std Dev | 12.30% | 15.89% |
| Max Drawdown | -14.79% | -41.06% |
| Current Drawdown | -3.15% | -2.85% |
Correlation
The correlation between BKGI and IFRA is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BKGI vs. IFRA - Performance Comparison
In the year-to-date period, BKGI achieves a 15.53% return, which is significantly lower than IFRA's 23.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BKGI vs. IFRA - Expense Ratio Comparison
BKGI has a 0.65% expense ratio, which is higher than IFRA's 0.40% expense ratio.
Risk-Adjusted Performance
BKGI vs. IFRA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and iShares U.S. Infrastructure ETF (IFRA). 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.
Dividends
BKGI vs. IFRA - Dividend Comparison
BKGI's dividend yield for the trailing twelve months is around 3.84%, more than IFRA's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 3.84% | 4.55% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
IFRA iShares U.S. Infrastructure ETF | 1.66% | 1.98% | 1.98% | 1.63% | 2.07% | 1.68% | 2.50% |
Drawdowns
BKGI vs. IFRA - Drawdown Comparison
The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for BKGI and IFRA. For additional features, visit the drawdowns tool.
Volatility
BKGI vs. IFRA - Volatility Comparison
The current volatility for Bny Mellon Global Infrastructure Income ETF (BKGI) is 3.93%, while iShares U.S. Infrastructure ETF (IFRA) has a volatility of 5.98%. This indicates that BKGI experiences smaller price fluctuations and is considered to be less risky than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.