BKGI vs. NML

Last updated Apr 1, 2026

Compare and contrast key facts about Bny Mellon Global Infrastructure Income ETF (BKGI) and Neuberger Berman MLP (NML).

BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022. NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013.

Performance

BKGI vs. NML - Performance Comparison

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

BKGI vs. NML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	10.41%	37.53%	12.35%	9.72%	8.54%
NML Neuberger Berman MLP	25.95%	4.36%	40.55%	14.61%	-1.64%

Returns By Period

In the year-to-date period, BKGI achieves a 10.41% return, which is significantly lower than NML's 25.95% return.

BKGI

• 1D: 1.11%
• 1M: -3.70%
• YTD: 10.41%
• 6M: 15.93%
• 1Y: 32.81%
• 3Y*: 21.60%
• 5Y*: —
• 10Y*: —

NML

• 1D: -0.19%
• 1M: 3.44%
• YTD: 25.95%
• 6M: 25.36%
• 1Y: 26.49%
• 3Y*: 27.91%
• 5Y*: 28.84%
• 10Y*: 12.90%

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

BKGI vs. NML - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is lower than NML's 2.72% expense ratio.

NML

Neuberger Berman MLP

BKGI

Bny Mellon Global Infrastructure Income ETF

Return for Risk

BKGI vs. NML — Risk / Return Rank

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

BKGI

BKGI Risk / Return Rank: 94
BKGI Sharpe Ratio Rank: 94
BKGI Sortino Ratio Rank: 93
BKGI Omega Ratio Rank: 95
BKGI Calmar Ratio Rank: 91
BKGI Martin Ratio Rank: 95

NML

NML Risk / Return Rank: 67
NML Sharpe Ratio Rank: 70
NML Sortino Ratio Rank: 64
NML Omega Ratio Rank: 67
NML Calmar Ratio Rank: 73
NML Martin Ratio Rank: 59

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. NML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and Neuberger Berman MLP (NML). 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	NML	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.22	+1.03
Sortino ratio Return per unit of downside risk	2.84	1.60	+1.24
Omega ratio Gain probability vs. loss probability	1.46	1.25	+0.21
Calmar ratio Return relative to maximum drawdown	3.13	1.66	+1.47
Martin ratio Return relative to average drawdown	15.90	5.64	+10.26
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. NML - Sharpe Ratio Comparison

The current BKGI Sharpe Ratio is 2.25, which is higher than the NML Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BKGI and NML, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKGI	NML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.22	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	0.08	+1.58

Correlation

The correlation between BKGI and NML is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BKGI vs. NML - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.40%, less than NML's 6.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.40%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NML Neuberger Berman MLP	6.67%	8.24%	7.94%	10.19%	4.26%	3.54%	8.33%	9.76%	9.87%	7.04%	8.63%	15.44%

Drawdowns

BKGI vs. NML - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum NML drawdown of -90.48%. Use the drawdown chart below to compare losses from any high point for BKGI and NML.

Drawdown Indicators

	BKGI	NML	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-90.48%	+75.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-15.72%	+5.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-84.84%	—
Current Drawdown Current decline from peak	-3.76%	-0.66%	-3.10%
Average Drawdown Average peak-to-trough decline	-2.60%	-37.54%	+34.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	4.62%	-2.58%

Volatility

BKGI vs. NML - Volatility Comparison

Bny Mellon Global Infrastructure Income ETF (BKGI) has a higher volatility of 4.74% compared to Neuberger Berman MLP (NML) at 4.14%. This indicates that BKGI's price experiences larger fluctuations and is considered to be riskier than NML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKGI	NML	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	4.14%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	12.52%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	21.79%	-7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	23.88%	-9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	35.35%	-21.28%