BKHY vs. BKAG
Compare and contrast key facts about BNY Mellon High Yield Beta ETF (BKHY) and BNY Mellon Core Bond ETF (BKAG).
BKHY and BKAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKHY is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. BKAG is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Aggregate Total Return Index. It was launched on Apr 24, 2020. Both BKHY and BKAG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BKHY vs. BKAG - Performance Comparison
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BKHY vs. BKAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 0.00% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
BKAG BNY Mellon Core Bond ETF | 0.30% | 7.23% | 1.17% | 5.67% | -13.29% | -1.46% | 2.15% |
Returns By Period
BKHY
- 1D
- 0.33%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.02%
- 1Y
- 7.14%
- 3Y*
- 8.32%
- 5Y*
- 4.07%
- 10Y*
- —
BKAG
- 1D
- 0.14%
- 1M
- -1.06%
- YTD
- 0.30%
- 6M
- 0.89%
- 1Y
- 4.31%
- 3Y*
- 3.51%
- 5Y*
- 0.24%
- 10Y*
- —
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BKHY vs. BKAG - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is higher than BKAG's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BKHY vs. BKAG — Risk / Return Rank
BKHY
BKAG
BKHY vs. BKAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and BNY Mellon Core Bond ETF (BKAG). 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.
| BKHY | BKAG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.99 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.38 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.67 | +0.08 |
Martin ratioReturn relative to average drawdown | 8.91 | 4.63 | +4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKHY | BKAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.99 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.04 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.01 | +0.86 |
Correlation
The correlation between BKHY and BKAG is 0.44, 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
BKHY vs. BKAG - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.73%, more than BKAG's 4.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.73% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
BKAG BNY Mellon Core Bond ETF | 4.26% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
Drawdowns
BKHY vs. BKAG - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, smaller than the maximum BKAG drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BKHY and BKAG.
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Drawdown Indicators
| BKHY | BKAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -18.53% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -2.51% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -18.00% | +2.11% |
Current DrawdownCurrent decline from peak | -1.11% | -2.31% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -7.26% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.90% | -0.07% |
Volatility
BKHY vs. BKAG - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 2.32% compared to BNY Mellon Core Bond ETF (BKAG) at 1.73%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than BKAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKHY | BKAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.73% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.70% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 4.36% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 5.99% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 5.59% | +1.85% |