BKGI vs. PESPX

Last updated Jun 3, 2026

BKGI (Bny Mellon Global Infrastructure Income ETF) and PESPX (BNY Mellon MidCap Index Fund) are both funds - BKGI is a Energy Equities fund actively managed by BNY Mellon, while PESPX is a Mid Cap Blend Equities fund managed by BNY Mellon. Over the past 3 years, BKGI returned 22.31%/yr vs 14.35%/yr for PESPX. A 0.56 correlation means they provide meaningful diversification when combined. BKGI charges 0.65%/yr vs 0.50%/yr for PESPX.

Performance

BKGI vs. PESPX - 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 MidCap Index Fund (PESPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BKGI having a 12.69% return and PESPX slightly higher at 12.90%.

BKGI

• 1D: 0.63%
• 1M: -0.23%
• YTD: 12.69%
• 6M: 12.56%
• 1Y: 21.83%
• 3Y*: 22.31%
• 5Y*: —
• 10Y*: —

PESPX

• 1D: -0.07%
• 1M: 2.28%
• YTD: 12.90%
• 6M: 13.88%
• 1Y: 25.36%
• 3Y*: 14.35%
• 5Y*: 6.99%
• 10Y*: 10.84%

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

BKGI vs. PESPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	12.69%	37.53%	12.35%	9.72%	8.54%
PESPX BNY Mellon MidCap Index Fund	12.90%	6.90%	11.88%	14.75%	2.77%

Correlation

The correlation between BKGI and PESPX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.56

The correlation between BKGI and PESPX shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BKGI vs. PESPX — Risk / Return Rank

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

BKGI

BKGI Risk / Return Rank: 61
BKGI Sharpe Ratio Rank: 55
BKGI Sortino Ratio Rank: 54
BKGI Omega Ratio Rank: 55
BKGI Calmar Ratio Rank: 74
BKGI Martin Ratio Rank: 67

PESPX

PESPX Risk / Return Rank: 39
PESPX Sharpe Ratio Rank: 32
PESPX Sortino Ratio Rank: 32
PESPX Omega Ratio Rank: 30
PESPX Calmar Ratio Rank: 53
PESPX Martin Ratio Rank: 49

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. PESPX - 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 MidCap Index Fund (PESPX). 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	PESPX	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.63	+0.26
Sortino ratio Return per unit of downside risk	2.64	2.38	+0.26
Omega ratio Gain probability vs. loss probability	1.34	1.29	+0.06
Calmar ratio Return relative to maximum drawdown	3.78	2.78	+1.00
Martin ratio Return relative to average drawdown	12.47	10.13	+2.35
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. PESPX - Sharpe Ratio Comparison

The current BKGI Sharpe Ratio is 1.89, which is comparable to the PESPX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of BKGI and PESPX, 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	PESPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.63	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.30	+1.32

Drawdowns

BKGI vs. PESPX - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum PESPX drawdown of -61.56%. Use the drawdown chart below to compare losses from any high point for BKGI and PESPX.

Drawdown Indicators

	BKGI	PESPX	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-61.56%	+46.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-8.86%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-25.18%	+11.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.09%	—
Current Drawdown Current decline from peak	-2.72%	-0.20%	-2.52%
Average Drawdown Average peak-to-trough decline	-2.56%	-10.38%	+7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.44%	-0.57%

Volatility

BKGI vs. PESPX - Volatility Comparison

Bny Mellon Global Infrastructure Income ETF (BKGI) and BNY Mellon MidCap Index Fund (PESPX) have volatilities of 4.23% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKGI	PESPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.40%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	11.29%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	15.47%	-3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	19.67%	-5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	21.59%	-7.51%

BKGI vs. PESPX - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is higher than PESPX's 0.50% expense ratio.

Dividends

BKGI vs. PESPX - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.68%, less than PESPX's 10.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.68%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PESPX BNY Mellon MidCap Index Fund	10.84%	12.24%	11.73%	8.19%	16.04%	15.10%	11.21%	21.60%	14.61%	9.22%	1.09%	1.34%

Frequently Asked Questions

Can I hold both BKGI and PESPX in my portfolio?

BKGI and PESPX have a correlation of 0.41, 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 PESPX?

PESPX has higher volatility (4.40%) compared to BKGI (4.23%). In terms of maximum drawdown, BKGI dropped -14.79% vs PESPX's -61.56%.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.89 vs 1.63), 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.