BKHY vs. ARTFX
BKHY (BNY Mellon High Yield Beta ETF) and ARTFX (Artisan High Income Fund) are both High Yield Bonds funds. Over the past 5 years, BKHY returned 4.07%/yr vs 3.51%/yr for ARTFX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BKHY charges 0.22%/yr vs 0.96%/yr for ARTFX.
Performance
BKHY vs. ARTFX - Performance Comparison
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Returns By Period
In the year-to-date period, BKHY achieves a 2.54% return, which is significantly higher than ARTFX's 1.02% return.
BKHY
- 1D
- 0.32%
- 1M
- 0.19%
- 6M
- 1.77%
- YTD
- 2.54%
- 1Y
- 5.76%
- 3Y*
- 8.60%
- 5Y*
- 4.07%
- 10Y*
- —
- ALL TIME*
- 6.55%
ARTFX
- 1D
- 0.22%
- 1M
- -0.33%
- 6M
- 0.33%
- YTD
- 1.02%
- 1Y
- 3.44%
- 3Y*
- 7.64%
- 5Y*
- 3.51%
- 10Y*
- 5.58%
- ALL TIME*
- 5.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.29M | $953.81K | $870.21K |
BKHY vs. ARTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 2.54% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
ARTFX Artisan High Income Fund | 1.02% | 8.02% | 7.76% | 13.61% | -10.66% | 3.79% | 22.51% |
Correlation
The correlation between BKHY and ARTFX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.60 |
The correlation between BKHY and ARTFX has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
BKHY vs. ARTFX — Risk / Return Rank
BKHY
ARTFX
BKHY vs. ARTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Artisan High Income Fund (ARTFX). 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.
| BKHY | ARTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.40 | +0.89 |
| Martin ratioReturn relative to average drawdown | 10.28 | 6.10 | +4.19 |
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Drawdowns
BKHY vs. ARTFX - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, smaller than the maximum ARTFX drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for BKHY and ARTFX.
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Drawdown Indicators
| BKHY | ARTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -21.42% | +5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.65% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -3.42% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -14.62% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -2.19% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.60% | -0.04% |
Volatility
BKHY vs. ARTFX - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 0.89% compared to Artisan High Income Fund (ARTFX) at 0.65%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than ARTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKHY | ARTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.65% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 2.34% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 2.86% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 4.86% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 5.16% | +2.12% |
BKHY vs. ARTFX - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is lower than ARTFX's 0.96% expense ratio.
Dividends
BKHY vs. ARTFX - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.41%, more than ARTFX's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTFX Artisan High Income Fund | 6.21% | 6.71% | 6.52% | 5.43% | 6.23% | 5.21% | 5.33% | 6.15% | 6.99% | 7.75% | 6.53% | 7.28% |
BKHY BNY Mellon High Yield Beta ETF | 7.41% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKHY and ARTFX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKHY has higher volatility (0.89%) compared to ARTFX (0.65%). In terms of maximum drawdown, BKHY dropped -15.89% vs ARTFX's -21.42%.
BKHY currently has the higher Sharpe Ratio (1.55 vs 1.30), 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.
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