BKHY vs. BKDV

Last updated Aug 5, 2026

BKHY (BNY Mellon High Yield Beta ETF) and BKDV (BNY Mellon Dynamic Value ETF) are both exchange-traded funds - BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index, while BKDV is a Large Cap Value Equities fund actively managed by BNY Mellon. BKHY is passively managed, while BKDV is actively managed. Over the past year, BKHY returned 5.76% vs 31.41% for BKDV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. BKHY charges 0.22%/yr vs 0.60%/yr for BKDV.

Performance

BKHY vs. BKDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon High Yield Beta ETF (BKHY) and BNY Mellon Dynamic Value ETF (BKDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKHY achieves a 2.54% return, which is significantly lower than BKDV's 19.57% 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%

BKDV

• 1D: 1.02%
• 1M: 2.97%
• 6M: 12.97%
• YTD: 19.57%
• 1Y: 31.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKDV BNY Mellon Dynamic Value ETF	$13.56M	$13.54M	$12.42M
BKHY BNY Mellon High Yield Beta ETF	$1.29M	$953.81K	$870.21K

BKHY vs. BKDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKHY BNY Mellon High Yield Beta ETF	2.54%	8.48%	0.87%
BKDV BNY Mellon Dynamic Value ETF	19.57%	18.58%	-0.91%

Correlation

The correlation between BKHY and BKDV is 0.62, 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.	0.62
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.62

The correlation between BKHY and BKDV has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.

Return for Risk

BKHY vs. BKDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKHY

BKHY Risk / Return Rank: 62
BKHY Sharpe Ratio Rank: 57
BKHY Sortino Ratio Rank: 62
BKHY Omega Ratio Rank: 62
BKHY Calmar Ratio Rank: 57
BKHY Martin Ratio Rank: 73

BKDV

BKDV Risk / Return Rank: 92
BKDV Sharpe Ratio Rank: 92
BKDV Sortino Ratio Rank: 92
BKDV Omega Ratio Rank: 91
BKDV Calmar Ratio Rank: 93
BKDV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKHY vs. BKDV - 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 Dynamic Value ETF (BKDV). 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	BKDV	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.60	-1.04
Sortino ratio: Return per unit of downside risk	2.35	3.61	-1.26
Omega ratio: Gain probability vs. loss probability	1.30	1.46	-0.16
Calmar ratio: Return relative to maximum drawdown	2.29	4.74	-2.46
Martin ratio: Return relative to average drawdown	10.28	18.13	-7.85

BKHY vs. BKDV - Sharpe Ratio Comparison

The current BKHY Sharpe Ratio is 1.55, which is lower than the BKDV Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of BKHY and BKDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKHY vs. BKDV - Drawdown Comparison

The maximum BKHY drawdown since its inception was -15.89%, roughly equal to the maximum BKDV drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for BKHY and BKDV.

Drawdown Indicators

	BKHY	BKDV	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	-15.49%	-0.40%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-6.65%	+4.12%
Max Drawdown (3Y) Largest decline over 3 years	-4.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.89%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.90%	-2.23%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	1.74%	-1.18%

Volatility

BKHY vs. BKDV - Volatility Comparison

The current volatility for BNY Mellon High Yield Beta ETF (BKHY) is 0.89%, while BNY Mellon Dynamic Value ETF (BKDV) has a volatility of 3.18%. This indicates that BKHY experiences smaller price fluctuations and is considered to be less risky than BKDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKHY	BKDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	3.18%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	9.34%	-6.23%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	12.18%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	15.39%	-7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.28%	15.39%	-8.11%

BKHY vs. BKDV - Expense Ratio Comparison

BKHY has a 0.22% expense ratio, which is lower than BKDV's 0.60% expense ratio.

Dividends

BKHY vs. BKDV - Dividend Comparison

BKHY's dividend yield for the trailing twelve months is around 7.41%, more than BKDV's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKDV BNY Mellon Dynamic Value ETF	0.52%	0.62%	0.27%	0.00%	0.00%	0.00%	0.00%
BKHY BNY Mellon High Yield Beta ETF	7.41%	7.33%	7.34%	8.67%	6.59%	6.78%	4.65%

Frequently Asked Questions

Can I hold both BKHY and BKDV in my portfolio?

BKHY and BKDV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKHY or BKDV?

BKDV has higher volatility (3.18%) compared to BKHY (0.89%). In terms of maximum drawdown, BKHY dropped -15.89% vs BKDV's -15.49%.

Which ETF is better, BKHY or BKDV?

On 1-year performance, BKDV leads with 31.41% vs 5.76% for BKHY. On fees, BKHY is cheaper at 0.22% per year. On volatility, BKHY has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKHY or BKDV?

Over the 1-year period, BKDV has performed better with a 31.41% return vs 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKHY or BKDV?

BKHY is cheaper with a 0.22% expense ratio, compared with 0.60% for BKDV.

Which ETF pays a higher dividend yield, BKHY or BKDV?

BKHY has the higher dividend yield at 7.41%, compared with 0.52% for BKDV.

What is the main difference between BKHY and BKDV?

BKHY is categorized as High Yield Bonds, while BKDV is Large Cap Value Equities. Their fees differ too: 0.22% for BKHY and 0.60% for BKDV.

Which has better risk-adjusted returns?

BKDV currently has the higher Sharpe Ratio (2.60 vs 1.55), 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.