BKHY vs. BKFI
BKHY (BNY Mellon High Yield Beta ETF) and BKFI (BNY Mellon Active Core Bond ETF) are both exchange-traded funds - BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index, while BKFI is a Intermediate Core Bond fund actively managed by BNY Mellon. BKHY is passively managed, while BKFI is actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. BKHY charges 0.22%/yr vs 0.40%/yr for BKFI.
Performance
BKHY vs. BKFI - Performance Comparison
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Returns By Period
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%
BKFI
- 1D
- 0.55%
- 1M
- -0.54%
- 6M
- -0.30%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $269.68K | $564.13K | $988.95K | |
| $1.29M | $953.81K | $870.21K |
BKHY vs. BKFI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKHY BNY Mellon High Yield Beta ETF | 2.08% |
BKFI BNY Mellon Active Core Bond ETF | -0.47% |
Correlation
The correlation between BKHY and BKFI is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.65 |
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Return for Risk
BKHY vs. BKFI — Risk / Return Rank
BKHY
BKFI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKHY vs. BKFI - 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 Active Core Bond ETF (BKFI). 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 | BKFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 10.28 | — | — |
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Drawdowns
BKHY vs. BKFI - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, which is greater than BKFI's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for BKHY and BKFI.
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Drawdown Indicators
| BKHY | BKFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -3.08% | -12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.94% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -1.36% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
BKHY vs. BKFI - Volatility Comparison
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Volatility by Period
| BKHY | BKFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 4.23% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 4.23% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 4.23% | +3.05% |
BKHY vs. BKFI - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is lower than BKFI's 0.40% expense ratio.
Dividends
BKHY vs. BKFI - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.41%, more than BKFI's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKFI BNY Mellon Active Core Bond ETF | 2.54% | 0.00% | 0.00% | 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
BKHY and BKFI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKHY is cheaper with a 0.22% expense ratio, compared with 0.40% for BKFI.
BKHY has the higher dividend yield at 7.41%, compared with 2.54% for BKFI.
BKHY is categorized as High Yield Bonds, while BKFI is Intermediate Core Bond. Their fees differ too: 0.22% for BKHY and 0.40% for BKFI.
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